Norwegian Cruise Line Holdings (NCLH) Cash from Operations (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) recorded Cash from Operations of $602.59 million in Q2 2026, down 15.7% from $714.85 million a year earlier and down 25.7% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Cash from Operations (2012 - 2026) Analysis & Trends
On a TTM basis, Norwegian Cruise Line Holdings' Cash from Operations came in at $2.11 billion as of Jun 30, 2026, up 7.3% year-over-year; for FY2025, it was $2.09 billion, up 1.9% from FY2024.
- Annual Cash from Operations has increased for three straight years.
- Across earlier years, Cash from Operations came in at $2.05 billion in FY2024 (+2.2%), $2.01 billion in FY2023 (+855.0%), $210.02 million in FY2022 and -$2.47 billion in FY2021.
- Quarterly Cash from Operations has ranged from -$670.3 million in Q3 2021 to $1.03 billion in Q2 2023 over the past five years.
- On a year-over-year basis, Cash from Operations rose in five of the last eight quarters, with growth averaging 10.4%.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 294.1% in Q2 2023, against a decline of 35.1% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $811.45 million (Q1 2026), $459.11 million (Q4 2025) and $236.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 948.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 472.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 1.86 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 389.13 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 1.41 Bn |
| 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 | 50.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 503.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.73 Bn | 5.95 Bn | 1.05 Bn | 602.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 602.59 Mn |
| Mar 31, 2026 | 811.45 Mn |
| Dec 31, 2025 | 459.11 Mn |
| Sep 30, 2025 | 236.56 Mn |
| Jun 30, 2025 | 714.85 Mn |
| Mar 31, 2025 | 679.22 Mn |
| Dec 31, 2024 | 399.26 Mn |
| Sep 30, 2024 | 172.50 Mn |
| Jun 30, 2024 | 670.89 Mn |
| Mar 31, 2024 | 807.17 Mn |
| Dec 31, 2023 | 259.00 Mn |
| Sep 30, 2023 | 210.10 Mn |
| Jun 30, 2023 | 1.03 Bn |
| Mar 31, 2023 | 503.33 Mn |
| Dec 31, 2022 | 236.60 Mn |
| Sep 30, 2022 | 82.25 Mn |
| Jun 30, 2022 | 262.19 Mn |
| Mar 31, 2022 | -371.01 Mn |
| Dec 31, 2021 | -315.66 Mn |
| Sep 30, 2021 | -670.30 Mn |
API Access
Norwegian Cruise Line Holdings Cash from Operations 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=cash-from-operations&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();