Norwegian Cruise Line Holdings Ltd.NCLH

NYSEConsumer SpendingWater Transportation
Price (close)
$14.19
Market cap
$6.5B
P/E
8.6x
Revenue (TTM)
$10.2B
Net income
$760.8M
Dividend yield
—
1-year total return
-43.2%
Net margin
7.5%
Revenue growth
6.2%
Debt / equity
5.84x

What Norwegian Cruise Line Holdings Ltd. does.

Norwegian commenced operations from Miami, Florida in 1966, launching the modern cruise industry by offering weekly departures from Miami, Florida to destinations in the Caribbean. In February 2011, NCLH, a Bermuda limited company, was formed. In January 2013, NCLH completed its initial public offering and the ordinary shares of NCLC were exchanged for the ordinary shares of NCLH, and NCLH became the owner of 100% of the ordinary shares and parent company of NCLC. In November 2014, we completed the acquisition of PCI.

In late 2023, in response to the Organisation for Economic Co-operation and Development (“OECD”)’s BEPS 2.0 Pillar 2 global tax reform, the Company restructured its organizational structure by realigning many of its operations across its three different brands into a single jurisdiction, Bermuda. In connection with the reorganization, among other steps, certain NCLH subsidiaries previously domiciled in the Isle of Man, the Cayman Islands, the Republic of the Marshall Islands, the Republic of Panama and the state of Delaware, were redomiciled to Bermuda.

We are a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.3B$648.0M$4.8B$8.5B$9.5B$9.8B
Net income-$4.0B-$4.5B-$2.3B$166.2M$910.3M$423.2M
Free cash flow-$3.5B-$3.2B-$1.6B-$744.6M$838.9M-$1.2B

More on NCLH.

Figures from Norwegian Cruise Line Holdings Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.