Norwegian Cruise Line Holdings (NCLH) Capital Expenditures (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported Capital Expenditures of $457.69 million for Q2 2026, up 37.2% from $333.64 million a year earlier but down 68.1% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Capital Expenditures (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Norwegian Cruise Line Holdings' Capital Expenditures came in at $3.3 billion, up 33.4% year-over-year; for FY2025, it was $3.26 billion, up 169.2% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 28.1% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $1.21 billion in FY2024 (-56.0%), $2.75 billion in FY2023 (+54.2%), $1.78 billion in FY2022 (+136.9%) and $752.84 million in FY2021 (-20.5%).
- Five-year quarterly Capital Expenditures spans a low of $155.42 million in Q4 2022 and a high of $1.53 billion in Q1 2025.
- Year over year, Capital Expenditures gained in four of the last eight quarters, with growth averaging 78.8%.
- The high point for year-over-year Capital Expenditures in five years was Q1 2025 (growth of 489.2%); the low point was Q3 2024 (a decline of 67.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.44 billion (Q1 2026), $437.65 million (Q4 2025) and $963.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 152.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 12.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 2.74 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | -735.86 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 698.00 Mn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 22.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | -25.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.73 Bn | 5.95 Bn | 1.05 Bn | 457.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 457.69 Mn |
| Mar 31, 2026 | 1.44 Bn |
| Dec 31, 2025 | 437.65 Mn |
| Sep 30, 2025 | 963.10 Mn |
| Jun 30, 2025 | 333.64 Mn |
| Mar 31, 2025 | 1.53 Bn |
| Dec 31, 2024 | 243.44 Mn |
| Sep 30, 2024 | 368.01 Mn |
| Jun 30, 2024 | 340.65 Mn |
| Mar 31, 2024 | 258.85 Mn |
| Dec 31, 2023 | 647.66 Mn |
| Sep 30, 2023 | 1.13 Bn |
| Jun 30, 2023 | 736.51 Mn |
| Mar 31, 2023 | 237.68 Mn |
| Dec 31, 2022 | 155.42 Mn |
| Sep 30, 2022 | 1.30 Bn |
| Jun 30, 2022 | 161.02 Mn |
| Mar 31, 2022 | 165.28 Mn |
| Dec 31, 2021 | 213.31 Mn |
| Sep 30, 2021 | 230.05 Mn |
API Access
Norwegian Cruise Line Holdings Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();