Norwegian Cruise Line Holdings Ltd. (NCLH) Earnings History
Annual and quarterly earnings data from 2004 to 2025
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NCLH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NCLH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 32.0% | 16.2% | 4.3% |
| 2024 | 40.0% | 15.5% | 9.6% |
| 2023 | 36.0% | 10.9% | 1.9% |
| 2022 | 11.9% | -32.0% | -46.9% |
| 2021 | -148.2% | -393.9% | -695.5% |
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Norwegian Cruise Line Holdings Ltd. (NCLH) Earnings Overview
As of May 8, 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) reported trailing twelve-month net income of $568M, reflecting -52.4% year-over-year growth. The company earned $1.22 per diluted share over the past four quarters, with a net profit margin of 4.3%.
Looking at the long-term picture, NCLH's historical earnings data spans multiple years. The company achieved its highest annual net income of $955M in fiscal 2018.
Norwegian Cruise Line Holdings Ltd. maintains positive profitability with a gross margin of 32.0%, operating margin of 16.2%, and net margin of 4.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including CCL ($2.76B net income, 10.4% margin), RCL ($4.48B net income, 23.8% margin), VIK ($1.15B net income, 17.7% margin), NCLH has room to improve margins relative to the peer group. Compare NCLH vs CCL →
NCLH Earnings vs Peers
Earnings metrics vs comparable public companies
NCLH Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $423M | -53.5% | $1.59B | $0.90 | 4.3% | 16.2% |
| 2024 | $910M | +447.8% | $1.47B | $1.89 | 9.6% | 15.5% |
| 2023 | $166M | +107.3% | $931M | $0.39 | 1.9% | 10.9% |
| 2022 | -$2.27B | +49.6% | -$1.55B | $-5.41 | -46.9% | -32.0% |
| 2021 | -$4.51B | -12.3% | -$2.55B | $-12.33 | -695.5% | -393.9% |
| 2020 | -$4.01B | -531.3% | -$3.48B | $-15.75 | -313.5% | -272.2% |
| 2019 | $930M | -2.6% | $1.18B | $4.30 | 14.4% | 18.2% |
| 2018 | $955M | +25.7% | $1.22B | $4.25 | 15.8% | 20.1% |
| 2017 | $760M | +20.0% | $1.05B | $3.31 | 14.1% | 19.4% |
| 2016 | $633M | +48.2% | $925M | $2.78 | 13.0% | 19.0% |
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Start ComparisonNCLH — Frequently Asked Questions
Quick answers to the most common questions about buying NCLH stock.
Is NCLH growing earnings?
NCLH EPS fell to $1.22, with earnings declining -52.4%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $568M.
What are NCLH's profit margins?
Norwegian Cruise Line Holdings Ltd. net margin is +4.3%, with operating margin at +16.2%. Below-average margins reflect competitive or cost pressures.
How consistent are NCLH's earnings?
NCLH earnings data spans 2004-2025. The declining earnings trend is -52.4% YoY. Historical data enables comparison across business cycles.