Norwegian Cruise Line Financial Ratios
NYSE: NCLHConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norwegian Cruise Line ratio analysis
Norwegian Cruise Line earned a net margin of 4.3% in FY 2025, down from 9.6% a year earlier. Gross margin was 42.6% compared with a median of 24.0% over the prior 6 years. Return on equity reached 19.2%, meaning Norwegian Cruise Line generated 0.19 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 6.61 versus 9.19 the year before, and the current ratio was 0.21. At the end of FY 2025, NCLH traded at 24.8 times earnings; across the 7 fiscal years shown, its year-end P/E ranged from 10.1 to 51.4, with a median of 15.3. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Norwegian Cruise Line financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 24.76 | 13.45 | 51.38 | — | — | — | 13.40 | 10.12 | 16.09 | 15.30 |
| Price / sales | 1.04 | 1.17 | 0.99 | 1.06 | 11.70 | 5.06 | 1.92 | 1.58 | 2.25 | 1.98 |
| Price / book | 4.62 | 7.76 | 28.28 | 74.91 | 3.12 | 1.49 | 1.90 | 1.61 | 2.11 | 2.13 |
| Gross margin | 42.6% | 40.0% | 36.0% | 11.9% | -148.2% | -32.3% | 43.3% | — | — | — |
| Operating margin | 15.9% | 15.5% | 10.9% | -32.0% | -393.9% | -272.2% | 18.2% | 20.1% | 19.4% | 19.0% |
| Net margin | 4.3% | 9.6% | 1.9% | -46.9% | -695.5% | -313.5% | 14.4% | 15.8% | 14.1% | 13.0% |
| Free cash flow margin | -11.9% | 8.8% | -8.7% | -32.5% | -497.1% | -273.7% | 2.9% | 8.4% | 4.2% | 3.5% |
| Return on equity (ROE) | 19.2% | 63.9% | 55.2% | -3,309.3% | -185.3% | -92.2% | 14.3% | 16.0% | 13.2% | 14.0% |
| Return on assets (ROA) | 1.9% | 4.6% | 0.9% | -12.2% | -24.1% | -21.8% | 5.6% | 6.3% | 5.4% | 4.9% |
| Debt / equity | 6.61 | 9.19 | 46.74 | 198.59 | 5.12 | 2.71 | 1.04 | 1.09 | 1.10 | 1.41 |
| Current ratio | 0.21 | 0.17 | 0.22 | 0.37 | 0.89 | 1.86 | 0.20 | 0.17 | 0.21 | 0.18 |
| Revenue growth | 3.7% | 10.9% | 76.5% | 647.5% | -49.4% | -80.2% | 6.7% | 12.2% | 10.7% | 12.2% |
| EPS growth | -51.3% | 384.6% | — | — | — | -466.3% | 1.2% | 28.4% | 19.1% | 49.5% |