Norwegian Cruise Line Holdings Ltd.
Company & revenue
About Norwegian Cruise Line Holdings Ltd.
Financial breakdown: year ended 2025-12-31
Who they are
Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.
Brands & revenue mix
The company's contemporary cruise brand.
Separate brand revenue is not available in this research.Source
The company's upper-premium cruise brand.
Separate brand revenue is not available in this research.Source
The company's luxury cruise brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Customer concentrationPREMIUM
The company does not rely on any single customer or small group of customers for a significant portion of its revenue, as its business is driven by a large volume of individual travelers and travel agency partners (Source: https://www.nclhltd.com/investors/sec-filings/annual-reports/content/0001104659-25-040642/0001104659-25-040642.pdf).
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
53
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
44
Weak
Financial Strength
41
Business Quality / Moat
38
Management
64
Growth Quality
42
Risk / Durability
31
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
77
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
71/100
Building Historical Record
Model Score 71/100 — estimates relative performance potential, distinct from WallStreetScore (company quality).
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
WSS currently rates the company as mixed to moderately strong.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •High debt risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for NCLH
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NCLH maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can NCLH fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is NCLH's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is NCLH's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current high debt stress warning mean for the reliability or interpretation of NCLH's score?
Essential Investment Snapshot
Wall Street Score
53
Opportunity Score
77
Market Cap
$6.95B
P/E Ratio
8.7
EPS
$1.67
52-Week High
$25.13
52-Week Low
$13.63
Beta
1.88
Intrinsic Value
$64.30
Analyst Target
$18.00
Shares Outstanding
459.5M
Total Revenue
$10.15B
Total Debt
$15.03B
Dividend
No current dividend
Liquidation Value / Share
$5.60
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NCLH
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on NCLH.
What the Bulls Say
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Product opportunity: Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a c.
What the Bears Say
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
Bull and bear cases summarize disclosed catalysts, growth opportunities and risks; they are not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
41
Jul 24, 2026
Change
+12.1
points
Current Score
53
Oct 1, 2026
Category Changes
NCLH increased 12.1 points because Revenue improved by 10.5 points, Asset improved by 5.8 points, Capital improved by 7 points.
Positive Contributors
- + Revenue improved by 10.5 points
- + Asset improved by 5.8 points
- + Capital improved by 7 points
- + Management improved by 4 points
- + Valuation improved by 21.2 points
- + Buffett improved by 5 points
Negative Contributors
- − Debt declined by 3.1 points
Projected Score
Projected Score
57
Projected Change
+4.4%
Preliminary comparable-period financial changes suggest improvement of approximately 4.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$15.14
Intrinsic Value
$64.30
Difference
−$49.16
-76.5% vs IV
Margin of Safety
76.5%
Related Companies
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Norwegian Cruise Line sees third-quarter results topping guidance
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