Norwegian Cruise Line's fundamentals are stabilizing after a volatile post-pandemic period, with revenue growth moderating to 4.9% in 2026Q2 and gross margins plateauing near 40%. The company is deleveraging, as evidenced by a debt-to-equity ratio falling from...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has stabilized at 4.9% year-over-year in 2026Q2, but gross margin has retreated from a peak of 47.1% in 2025Q3 to 39.9%, indicating a softening pricing environment.
The company has shown strong recovery post-COVID, with stock price appreciation of approximately 31% since previous coverage.
NCLH's trailing and forward P/E ratios of 15.50 and 8.51 respectively indicate potential undervaluation.
Bull case scenarios project revenue growth up to +12%, indicating significant upside potential.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $0.48+16.6% vs $0.41 | $2.6B-0.2% vs $2.6B |
Q2 2026 May 4, 2026 | $0.23+53.3% vs $0.15 | $2.3B-1.1% vs $2.4B |
Q2 2026 Mar 2, 2026 | $0.28+5.8% vs $0.26 | $2.2B-4.2% vs $2.3B |
Q4 2025 Nov 4, 2025 | $1.20+3.4% vs $1.16 | $2.9B+25.4% vs $2.3B |
Royal Caribbean Group (NYSE:RCL | RCL Price Prediction) shares are sliding in Wednesday morning trading after the cruise operator confirmed overnight that it has signed an agreement to buy a stake in Sandals and Beaches Resorts.
The latest trading day saw Norwegian Cruise Line (NCLH) settling at $14.12, representing a -1.88% change from its previous close.
Zacks.com users have recently been watching Norwegian Cruise Line (NCLH) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NCLH remains a Buy for swing traders, despite the ongoing macro and demand headwinds impacting near-term results. NCLH faces pressured net yields, declining load factors, and EBITDA through FY2027, but management's pricing and fleet strategies may stabilize performance. Valuation is compelling with NCLH trading below sector and historical averages, though high leverage and lack of dividends temper near-term upside.
Benchmark NCLH against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Norwegian Cruise Line Holdings Ltd. (NCLH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.18 | $6.51B | 15.76 | 3.67% | 4.31% | 23.29% | — | |
| $21.80 | $29.86B | 10.79 | 6.4% | 11.24% | 24.43% | — | |
| $230.30 | $61.77B | 14.75 | 8.8% | 23.56% | 42.92% | — | |
| $80.30 | $35.67B | 31.25 | 21.89% | 18% | 146.63% | — | |
| $9.94 | $165.18M | -1.38 | 5.62% | -6.72% | -43.62% | — | |
| $35.60 | $2.8B | 40.00 | 1.32% | 3.38% | 13.31% | — |
Norwegian Cruise Line Holdings Ltd. (NCLH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Norwegian Cruise Line Holdings Ltd. (NCLH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jun 16, 2026·SEC
May 29, 2026·SEC
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Norwegian Cruise Line Holdings Ltd. (NCLH) stock FAQ — growth, dividends, profitability & financials explained
Norwegian Cruise Line Holdings Ltd. (NCLH) reported $10.15B in revenue for fiscal year 2025. This represents a 659% increase from $1.34B in 2004.
Norwegian Cruise Line Holdings Ltd. (NCLH) grew revenue by 3.7% over the past year. Growth has been modest.
Yes, Norwegian Cruise Line Holdings Ltd. (NCLH) is profitable, generating $760.8M in net income for fiscal year 2025 (4.3% net margin).
Norwegian Cruise Line Holdings Ltd. (NCLH) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.
Norwegian Cruise Line Holdings Ltd. (NCLH) had negative free cash flow of $1.15B in fiscal year 2025, likely due to heavy capital investments.
