Norwegian Cruise Line Holdings (NCLH)
Consumer Discretionary · Cruise line operators
A leading global cruise operator managing 35 ships across three iconic brands—Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas—serving 75,000 berths with a $8.7B market cap.
What Norwegian Cruise Line Holdings does
Norwegian Cruise Line Holdings is a leading global cruise company operating three distinct brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. As of March 31, 2026, the company operates 35 ships with approximately 75,000 berths and serves worldwide destinations including Europe, Asia, Australia, the Caribbean, Alaska, and Hawaii. The company is undergoing significant fleet expansion with 16 additional ships on order for delivery from 2026 through 2037, including Prima Class, Sonata Class, Prestige Class, and new Norwegian Cruise Line vessels. All brands offer comprehensive amenities including dining, entertainment, spa, casino, shore excursions, and air/hotel packages.
Themes: ["Leisure travel and tourism","Premium vacation experiences","Fleet expansion and modernization","Multi-destination global cruising","Luxury brand differentiation","Travel and hospitality","Caribbean and international destinations","Post-pandemic travel recovery"]
Fundamentals
- Price$19.76 as of 2026-07-09 close
- Market cap$9.2B as of 2026-07-10
- 1-year return-10.0% as of 2026-07-09 close
- P/E16.16 as of 2026-07-10
- Net margin+5.7% as of 2026-07-10
- Gross margin+43.0% as of 2026-07-10
- ROE+27.0% as of 2026-07-10
- Debt / equity6.23 as of 2026-07-10
- Revenue growth (YoY)+6.5% as of 2026-07-10
- Revenue CAGR (3y)+20.0% SEC XBRL
- Beta1.87 as of 2026-07-10
Key risks (from latest filing)
["Significant debt obligations and refinancing risk; company must manage future debt maturities and interest expenses while maintaining financial covenant compliance","Seasonality and operational constraints; northern hemisphere summer demand concentration creates uneven earnings, and interim results are not indicative of full-year performance","Large-scale capital commitments; 16 ships on order through 2037 require substantial financing, and certain delivery milestones are conditional upon obtaining financing"]
Competitors & peers
- Carnival Corporation (CCL)
- Royal Caribbean Cruises (RCL)
- Disney Cruise Line
- Seabourn Cruise Line
- Emerald Cruises
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.