CompanyGraph
Norwegian Cruise Line Holdings Ltd.
NCLH · NYSE Arca · United States
nclhltd.comFinancials as of FY2025
What stands out
- Returns appear driven by leverage
- Most companies in its industry are interface businesses; this one is a production business
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleLevered free cash flow is -$1.68B, lower than 95% of all stocks globally
- FinancialsAltman Z-Score 0.26: distress zone
- Interpretations5 currently firing — 5
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are interface businesses; this one is a production business
Sign in to view price data.
Sign inThe reported statements, read against the company's own industry.
What stands out
- Returns appear driven by leverage
Financials view
Market Capitalization
6.71BUSDvs all stocks (USD)
Trailing P/E
8.85xRevenue (TTM)
10.15BUSDvs all stocks (USD)
Profit Margin
7.49%Beta
1.88xvs all stocks
52-Week Change
-40.97%vs all stocks
Market Capitalization
6.71BUSDvs all stocks (USD)
Enterprise Value
22.47BUSDvs all stocks (USD)
Trailing P/E
8.85xForward P/E
8.75xPEG Ratio
0.0151xPrice to Sales (TTM)
0.6607xPrice to Book (MRQ)
2.61xEnterprise to Revenue
2.21xEnterprise to EBITDA
8.66xGross Margin
39.91%Profit Margin
7.49%Operating Margin
14.04%Return on Assets (TTM)
4.25%Return on Equity (TTM)
36.73%Revenue (TTM)
10.15BUSDvs all stocks (USD)
Revenue per Share (TTM)
22.29USDUpdated Sep 28, 2026Quarterly Revenue Growth
4.90%Gross Profit (TTM)
4.31BUSDvs all stocks (USD)
EBITDA (TTM)
2.83BUSDvs all stocks (USD)
Net Income (TTM)
760.77MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
642.00%Operating Cash Flow (TTM)
2.11BUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
-1.68BUSDvs all stocks (USD)
Trailing Annual Dividend Rate
0.00USDUpdated Sep 28, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%Revenue
9.83BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
5.64BUSDFY2025 · Dec 31, 2025Gross Profit
4.19BUSDFY2025 · Dec 31, 2025Operating Income
1.56BUSDvs all stocks (USD)
Pre-tax Income
428.72MUSDFY2025 · Dec 31, 2025Income Tax Expense
5.47MUSDFY2025 · Dec 31, 2025Net Income
423.25MUSDFY2025 · Dec 31, 2025EBIT
1.38BUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
2.54BUSDFY2025 · Dec 31, 2025Selling, General & Administrative
1.55BUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
953.51MUSDFY2025 · Dec 31, 2025EPS (Basic)
0.9400USDFY2025 · Dec 31, 2025EPS (Diluted)
0.9200USDFY2025 · Dec 31, 2025Basic Shares Outstanding
448.54MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
448.54MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
423.25MUSDFY2025 · Dec 31, 2025Operating Cash Flow
1.68BUSDFY2025 · Dec 31, 2025Free Cash Flow
-1.58BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
209.89MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
423.25MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
1.16BUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
2.31MUSDFY2025 · Dec 31, 2025Stock-based Compensation
88.39MUSDFY2025 · Dec 31, 2025Other Non-cash Items
-2.03MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-73.77MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-1.52MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
77.33MUSDFY2025 · Dec 31, 2025Capital Expenditures
-3.26BUSDFY2025 · Dec 31, 2025Net Acquisitions
0.00USDFY2025 · Dec 31, 2025Purchase of Investments
-1.88MUSDFY2025 · Dec 31, 2025Other Investing Activity
-3.20MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
-3.26BUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
9.74BUSDFY2025 · Dec 31, 2025Long-term Debt Payments
-8.17BUSDFY2025 · Dec 31, 2025Other Financing Charges
-491.99MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
1.22BUSDFY2025 · Dec 31, 2025Shares Outstanding
459.16MSharesUpdated Sep 28, 2026Float Shares
455.35MSharesUpdated Sep 28, 2026Shares Short
94.99MSharesUpdated Sep 28, 2026Short Ratio
6.17daysvs all stocks
Short % of Shares Outstanding
23.43%vs all stocks
% Held by Insiders
0.87%vs all stocks
% Held by Institutions
104.47%vs all stocks
Total Cash (MRQ)
218.10MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
0.4750USDUpdated Sep 28, 2026Total Debt (MRQ)
15.98BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
6.21xCurrent Ratio (MRQ)
0.2000xBook Value per Share (MRQ)
5.60USDUpdated Sep 28, 2026Total Assets
22.54BUSDvs all stocks (USD)
Total Current Assets
1.14BUSDFY2025 · Dec 31, 2025Total Liabilities
20.33BUSDFY2025 · Dec 31, 2025Total Non-current Assets
21.40BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
14.88BUSDFY2025 · Dec 31, 2025Total Current Liabilities
5.45BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
209.89MUSDFY2025 · Dec 31, 2025Accounts Receivable
291.66MUSDFY2025 · Dec 31, 2025Inventory
138.18MUSDFY2025 · Dec 31, 2025Accounts Payable
169.66MUSDFY2025 · Dec 31, 2025Short-term Debt
875.90MUSDFY2025 · Dec 31, 2025Deferred Revenue
3.20BUSDFY2025 · Dec 31, 2025Long-term Debt
13.73BUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
1.15BUSDFY2025 · Dec 31, 2025Common Stock (Book)
455.00KUSDFY2025 · Dec 31, 2025Retained Earnings
-5.57BUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
2.21BUSDvs all stocks (USD)
52-Week Low
13.63USDUpdated Sep 28, 202652-Week High
26.09USDUpdated Sep 28, 202652-Week Change
-40.97%vs all stocks
Beta
1.88xvs all stocks
50-Day MA
17.24USDUpdated Sep 28, 2026200-Day MA
19.58USDUpdated Sep 28, 2026Avg 10-Day Volume
19.48MSharesUpdated Sep 28, 2026Avg 30-Day Volume
16.53MSharesUpdated Sep 28, 2026Diluted EPS (TTM)
1.65USDUpdated Sep 28, 2026Other Income / Expense
-178.64MUSDFY2025 · Dec 31, 20255 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Operating Income Growing With Multi-Year Revenue Growth
Revenue up in each of five years, with operating income up in each of four.
Reads
Three Turnover Ratios Elevated
Collects fast, clears inventory fast, and pays suppliers fast too.
Reads
How is this stock valued?
Close Below 40W SMA With Profitability
The price sits below its 40-week average, on three profitable years and cash above profit.
Reads
Price Below Mean With Profitability And Book Value
Price sits well below its yearly mean, on three profitable years and rising book value.
Reads
Where is this company structurally exposed?
Within or Near the Altman Distress Zone
Debt is a large share of its assets, and large against its cash flow.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Returns appear driven by leverageSignificant
Return on Equity: 0.37Debt-to-Equity: 6.21
Most companies in its industry are interface businesses; this one is a production businessSignificant
Industry peers: 39.00Share on the common pattern %: 85.00
Financial Health
Altman Z-Score 0.26: distress zoneCritical
Altman Z-Score: 0.26
High earnings qualityNotable
Earnings Quality Score: 0.73
High structural barrier to entryNotable
Barrier to Entry: 3.20
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Levered free cash flow is -$1.68B, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -1,680,301,312Global P5: -202,685,365.334
Market cap is $6.71B, above the global median of $1.18BNotable
Market cap (USD): 6,708,734,430Global Median: 1,180,223,658.953
Revenue is $10.15B, above the global median of $548.88MNotable
Revenue (USD): 10,154,306,560Global Median: 548,883,780.48
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Companies that share active interpretations — structural patterns currently present in both stocks.
Dutch Bros Inc.
4 interpretationsThree Turnover Ratios ElevatedOperating Income Growing With Multi-Year Revenue GrowthClose Below 40W SMA With ProfitabilityPrice Below Mean With Profitability And Book Value
Shift4 Payments Inc.
4 interpretationsOperating Income Growing With Multi-Year Revenue GrowthClose Below 40W SMA With ProfitabilityPrice Below Mean With Profitability And Book ValueWithin or Near the Altman Distress Zone
North American Construction Group Ltd.
4 interpretationsThree Turnover Ratios ElevatedClose Below 40W SMA With ProfitabilityPrice Below Mean With Profitability And Book ValueWithin or Near the Altman Distress Zone