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NORWEGIAN CRUISE LINE HOLDINGS LTD.

CIK: 1513761 SIC: 4400
$9.83B
Revenue
$423.25M
Net Income
42.62%
Gross Margin
15.88%
Op. Margin
$-2.48B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 13 of 13 annual reports available (2013 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
+ Total Revenue $9.83B $9.83B $9.48B $8.55B $4.84B $647.99M $1.28B $6.46B $6.06B $5.40B $4.87B $4.35B $3.13B $2.57B
Revenue Growth % 0.0% 3.7% 10.9% 76.5% 647.5% -49.4% -80.2% 6.7% 12.2% 10.7% 12.2% 39.0% 21.6% nan%
Cost of Revenue $5.64B $5.64B $5.69B $5.47B $4.27B $1.61B $1.69B $3.66B - - - - - $1.66B
+ Gross Profit $4.19B $4.19B $3.79B $3.08B $576.67M $-960.05M $-413.15M $2.80B - - - - - $912.63M
Gross Margin % 42.6% 42.6% 40.0% 36.0% 11.9% -148.2% -32.3% 43.3% nan% nan% nan% nan% nan% 35.5%
Operating Expenses $2.63B $2.63B $2.33B $2.15B $2.13B $1.59B $3.07B $1.62B $1.46B $1.28B $1.10B $987.11M $676.32M $516.75M
Selling General & Admin $1.55B $1.55B $1.43B $1.34B $1.38B $891.45M $745.35M $974.85M $897.93M $773.75M $666.16M $555.00M $403.17M $301.15M
+ Operating Income $1.56B $1.56B $1.47B $930.91M $-1.55B $-2.55B $-3.48B $1.18B $1.22B $1.05B $925.46M $702.49M $502.94M $395.89M
Operating Margin % 15.9% 15.9% 15.5% 10.9% -32.0% -393.9% -272.2% 18.2% 20.1% 19.4% 19.0% 16.2% 16.1% 15.4%
Interest Expense - $952.00M $772.60M $822.50M - - - - - - - $221.91M $151.75M $282.60M
Other Income/Expense $-178.64M $-178.64M $54.22M $-40.20M $76.57M $123.95M $-33.60M $6.16M $20.65M $-10.40M $-8.30M $-46.67M $-10.85M $1.40M
Income Before Tax $428.72M $428.72M $772.91M $163.18M $-2.28B $-4.50B $-4.00B $911.37M $969.31M $770.61M $640.30M $433.91M $340.33M $114.69M
Income Tax Expense $5.47M $5.47M $-137.35M $-3.00M $-6.79M $5.27M $12.47M $-18.86M $14.47M $10.74M $7.22M $6.77M $-2.27M $11.80M
+ Net Income $423.25M $423.25M $910.26M $166.18M $-2.27B $-4.51B $-4.01B $930.23M $954.84M $759.87M $633.09M $427.14M $338.35M $101.71M
Net Margin % 4.3% 4.3% 9.6% 1.9% -46.9% -695.5% -313.5% 14.4% 15.8% 14.1% 13.0% 9.8% 10.8% 4.0%
Basic EPS 0.93 0.94 2.09 0.39 -5.41 -12.33 -15.75 4.33 4.28 3.33 2.79 1.89 1.64 0.50
Diluted EPS 0.89 0.92 1.89 0.39 -5.41 -12.33 -15.75 4.30 4.25 3.31 2.78 1.86 1.62 0.49
Basic Shares Outstanding - 448.5M 435.3M 424.4M 419.8M 365.4M 254.7M 214.9M 223.0M 228.0M 227.1M 226.6M 206.5M 203.0M
Diluted Shares Outstanding - 477.7M 515.0M 427.4M 419.8M 365.4M 254.7M 216.5M 224.4M 229.4M 227.9M 230.0M 212.0M 209.2M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
Cash & Cash Equivalents $209.89M $190.76M $402.42M $946.99M $1.51B $3.30B $252.88M $163.85M $176.19M $128.35M $115.94M $84.82M $56.47M
Short-term Investments - - - - $240.00M - - - - - - - -
Accounts Receivable $291.66M $221.41M $280.27M $326.27M $1.17B $20.58M $75.11M $55.25M $43.96M $63.22M $45.00M $32.43M $18.26M
Inventory $138.18M $149.72M $157.65M $148.72M $118.20M $82.38M $95.43M $90.20M $82.12M $66.25M $58.17M $56.55M $43.72M
Other Current Assets $498.81M $448.21M $472.82M $450.89M $269.24M $154.10M $306.73M $241.01M $216.06M $153.28M $121.31M $109.92M $64.48M
Total Current Assets $1.14B $1.01B $1.31B $1.87B $3.30B $3.56B $730.14M $550.31M $518.34M $411.09M $340.41M $283.74M $182.92M
Property Plant & Equipment $19.07B $16.81B $16.43B $14.52B $13.53B $13.41B $13.14B $12.12B $11.04B $10.12B $9.46B $8.62B $5.65B
Goodwill $135.76M $135.76M $98.13M $98.13M $98.13M $98.13M $1.39B $1.39B $1.39B $1.39B $1.39B $1.39B -
Intangible Assets $500.52M $500.52M $500.52M $500.52M $500.52M $500.52M $817.52M $817.52M $817.52M $817.52M $817.52M $817.52M -
Other Non-current Assets $1.70B $1.51B $1.15B $1.57B $1.30B $831.89M $612.66M $329.95M $329.59M $238.67M $259.08M $281.64M $209.05M
Total Assets $22.54B $19.97B $19.49B $18.56B $18.73B $18.40B $16.68B $15.21B $14.09B $12.97B $12.26B $11.57B $6.65B
Accounts Payable $169.66M $171.11M $174.34M $228.74M $233.17M $83.14M $100.78M $159.56M $53.43M $38.00M $51.37M $101.98M $86.79M
Accrued Liabilities - - - - - - - - - - - - $253.75M
Deferred Revenue $3.20B $3.11B $3.06B $2.52B $1.56B $1.11B $1.95B $1.59B $1.30B - - - -
Total Current Liabilities $5.45B $5.78B $6.04B $5.05B $3.73B $1.91B $3.58B $3.15B $2.49B $2.31B $2.37B $2.09B $1.08B
Long-term Debt $13.73B $11.78B $12.31B $12.63B $11.57B $11.68B $6.06B $5.81B $5.69B $5.84B $5.77B $5.61B $2.84B
Other Non-current Liabilities $1.15B $986.79M $839.34M $803.85M $997.05M $450.07M $529.29M $281.60M $166.69M $284.87M $349.66M $341.96M $47.88M
Total Liabilities $20.33B $18.54B $19.19B $18.49B $16.30B $14.05B $10.17B $9.24B $8.35B $8.44B $8.48B $8.05B $4.02B
Common Stock $455.00K $440.00K $425.00K $421.00K $417.00K $316.00K $237.00K $235.00K $233.00K $232.00K $232.00K $230.00K $205.00K
Retained Earnings $-5.57B $-5.99B $-6.90B $-7.07B $-4.80B $-295.45M $3.83B $2.90B $1.96B $1.20B $568.02M $140.88M $-197.47M
Treasury Stock - - - - - - $1.25B $904.07M $239.25M $239.25M $189.26M $82.00M -
Total Stockholders Equity $2.21B $1.43B $300.81M $68.59M $2.43B $4.35B $6.52B $5.96B $5.75B $4.54B $3.78B $3.52B $2.61B
Total Liabilities & Equity $22.54B $19.97B $19.49B $18.56B $18.73B $18.40B $16.68B $15.21B $14.09B $12.97B $12.26B $11.57B $6.65B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
Net Income $423.25M $423.25M $910.26M $166.18M $-2.27B $-4.51B $-4.01B $930.23M $954.84M $759.87M $633.09M $427.14M $338.35M $101.71M
Depreciation & Amortization $1.93B $1.16B $973.51M $883.24M $810.05M $758.60M $739.62M $647.10M $566.97M $521.48M $445.63M $450.33M $304.88M $245.11M
Stock-based Compensation $154.85M $88.39M $91.78M $118.94M $113.56M $124.08M $111.30M $95.06M $115.98M $87.04M $66.41M $42.21M $14.62M $23.07M
Deferred Income Tax - $4.34M $-156.15M $-132.00K - - - - - - - - $6.19M $2.84M
Change in Receivables $170.74M $73.77M $-49.30M $-39.65M $-828.66M $1.16B $-30.80M $14.10M $15.89M $-15.05M $20.98M $14.80M $7.26M $3.20M
Change in Inventory $6.43M $-11.02M $-6.95M $11.04M $33.61M $37.48M $-10.55M $6.16M $9.05M $17.13M $9.18M $4.41M $261.00K $4.03M
Change in Payables $21.59M $-1.52M $-20.21M $-50.98M $-16.20M $152.03M $-21.42M $-58.63M $106.39M $14.05M $-5.75M $-52.72M $315.00K $7.66M
Operating Cash Flow $4.16B $2.09B $2.05B $2.01B $210.02M $-2.47B $-2.56B $1.82B $2.08B $1.60B $1.26B - $635.60M $475.28M
Capital Expenditure $6.64B $3.26B $1.21B $2.75B $1.78B $752.84M $946.54M $1.64B $1.57B $1.37B $1.09B $1.12B $1.05B $894.85M
Acquisitions - - $27.32M - - - - - - - - - $826.69M -
Investing Cash Flow $-6.66B $-3.26B $-1.23B $-2.90B $-1.76B $-1.00B $-975.36M $-1.68B $-1.50B $-1.40B $-1.13B $-1.21B $-1.88B $-894.85M
Debt Repayment $14.76B $8.17B $2.17B $3.76B $1.77B $2.11B $892.48M $3.81B $1.72B $1.92B $3.74B $1.57B $1.69B $2.39B
Stock Issued - $144.96M - - - $2.67B $1.54B - - - - - - $473.91M
Stock Repurchased - - - - - - - $349.86M $664.81M - $50.00M $107.26M $82.00M -
Financing Cash Flow $2.51B $1.19B $-1.03B $346.86M $986.22M $1.68B $6.58B $-53.39M $-584.80M $-148.51M $-122.76M $196.19M $1.27B $430.54M
Net Change in Cash $5.97M $19.13M $-211.65M $-544.57M $-559.66M $-1.79B $3.05B $89.03M $-12.34M $47.84M $12.41M $31.11M $28.36M $10.97M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.94B $2.81B $7.58B $7.37B
Cost of Revenue $1.55B $1.54B $4.32B $4.38B
Operating Expenses $633.83M $576.43M $1.89B $1.74B
Selling General & Admin $383.00M $358.00M $1.17B $1.07B
Operating Income $749.45M $691.21M $1.37B $1.25B
Other Income/Expense $13.00M $-34.15M $-167.93M $-14.11M
Income Before Tax $433.64M $481.85M $422.83M $665.19M
Income Tax Expense $14.34M $6.92M $13.84M $9.47M
Net Income $419.30M $474.93M $408.99M $655.72M
Basic EPS 0.93 1.08 0.92 1.51
Diluted EPS 0.86 0.95 0.87 1.37
Basic Shares Outstanding $451.00M $439.70M $446.28M $433.79M
Diluted Shares Outstanding $495.73M $514.88M $505.32M $514.00M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $166.80M $190.76M
Accounts Receivable $252.63M $221.41M
Inventory $155.51M $149.72M
Other Current Assets $466.41M $448.21M
Total Current Assets $1.04B $1.01B
Property Plant & Equipment $18.94B $16.81B
Goodwill $135.76M $135.76M
Intangible Assets $500.52M $500.52M
Other Non-current Assets $1.60B $1.51B
Total Assets $22.21B $19.97B
Accounts Payable $193.40M $171.11M
Deferred Revenue $3.15B $3.11B
Total Current Liabilities $5.35B $5.78B
Long-term Debt $13.65B $11.78B
Other Non-current Liabilities $1.03B $986.79M
Total Liabilities $20.02B $18.54B
Common Stock $455.00K $440.00K
Retained Earnings $-5.58B $-5.99B
Total Stockholders Equity $2.19B $1.43B
Total Liabilities & Equity $22.21B $19.97B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $419.30M $474.93M $408.99M $655.72M
Depreciation & Amortization $250.83M $218.43M $787.76M $726.88M
Stock-based Compensation - - $64.60M $65.57M
Change in Receivables - - $32.05M $-72.34M
Change in Inventory - - $6.32M $-12.16M
Change in Payables - - $49.58M $-8.39M
Operating Cash Flow - - $1.63B $1.65B
Capital Expenditure - - $2.82B $967.52M
Acquisitions - - - $27.32M
Investing Cash Flow - - $-2.83B $-985.67M
Debt Repayment - - $7.72B $1.27B
Stock Issued - - $145.27M -
Financing Cash Flow - - $1.18B $-734.79M
Net Change in Cash - - $-23.96M $-69.89M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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