Stock research

Norwegian Cruise Line Holdings Ltd. (NCLH) Stock Research

Norwegian Cruise Line Holdings operates cruise brands offering leisure voyages across global destinations.

Norwegian Cruise Line Holdings Ltd. reported net income of $423M for the fiscal year ended December 31, 2025. Source: SEC filing 0001104659-26-052146

SEC data as of

Ticker
NCLH
Exchange
NYSE
Sector
Consumer
Founded
—
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About Norwegian Cruise Line

Exchange
NYSE: NCLH
Sector
Consumer Discretionary
SEC industry
Water Transportation (SIC 4400)
Fiscal year end
December 31

NCLH key financials

Reported figures from Norwegian Cruise Line Holdings Ltd.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Net income$423M2025-01-01 – 2025-12-31SEC filing
Operating cash flow$2.1B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$0.922025-01-01 – 2025-12-31SEC filing
Shares outstanding455MAs of 2025-10-28SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in NCLH

Norwegian Cruise Line Holdings Ltd. sits in Consumer Discretionary. Retail, autos, travel, and restaurants — spending that expands when confidence and real incomes rise, and contracts first when they fall. We have not yet written company-specific drivers for NCLH; the forces that matter most for the sector are:

  • ◆Real wage growth and consumer confidence
  • ◆Interest rates on autos and big-ticket credit
  • ◆Inventory cycles and promotional intensity
  • ◆The trade-down between premium and value

Key questions for the NCLH thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does NCLH's reported profit turn into cash?

Operating cash flow was $2.1B, 4.94 times net income of $423M, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed March 2, 2026

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Congressional trading in NCLH

PoliticianTrade dateTypeOwnerAmountSource
Lisa McClain2025-10-31SaleSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-10-30SaleSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-10-30PurchaseSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-06-17PurchaseSpouse$1,001 - $15,000Filing #20030891

All verified NCLH congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

NCLH — frequently asked questions

What does Norwegian Cruise Line Holdings Ltd. do?

Norwegian Cruise Line Holdings operates cruise brands offering leisure voyages across global destinations.

What were NCLH's latest reported annual revenue and net income?

Norwegian Cruise Line Holdings Ltd. reported net income of $423M for the fiscal year ended December 31, 2025. The figures come from Norwegian Cruise Line Holdings Ltd.'s SEC XBRL filings.

When does Norwegian Cruise Line Holdings Ltd.'s fiscal year end?

The SEC lists Norwegian Cruise Line Holdings Ltd.'s fiscal year end as December 31.

Do members of Congress trade NCLH?

The current verified House and Senate snapshot contains 4 transaction rows for NCLH, each linked to the original filing.

Is NCLH a good investment?

This page does not rate NCLH as a buy or sell. It sets out what Norwegian Cruise Line Holdings Ltd. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the NCLH numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included