Norwegian Cruise Line Holdings NCLH
NYSE NCLH
$15.39 -0.18 (-1.17%)
As of: Sep 8, 2026 · 3:59 PM EDT

Norwegian Cruise Line Holdings (NCLH) EBITDA Margin (2012 - 2026)

Norwegian Cruise Line Holdings' (NCLH) quarterly EBITDA Margin came in at 13.76% in Q2 2026, down 308.0% year-over-year from 6.62% in Q2 2025, and up 37.7% quarter-over-quarter from 9.99% in Q1 2026.

Analysis

Norwegian Cruise Line Holdings (NCLH) EBITDA Margin (2012 - 2026) Analysis & Trends

Norwegian Cruise Line Holdings has disclosed EBITDA Margin across 15 years of filings, most recently posting 13.76% for Q2 2026.

  • In Q2 2026, EBITDA Margin fell 308.0% year-over-year to 13.76%; the TTM figure through Jun 2026 stood at 15.09% (down 92.0% YoY), while the FY2025 annual figure was 15.88%, up 42.0% from the prior year.
  • EBITDA Margin came in at 13.76% for Q2 2026 at Norwegian Cruise Line Holdings, up from 9.99% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 25.51% in Q3 2025 to a low of 131.96% in Q1 2022.
  • Average EBITDA Margin over 5 years is 0.69%, with a median of 9.98% recorded in 2024.
  • Year-over-year, EBITDA Margin soared 1829597 bps in 2022 and sank 308 bps in 2026.
  • Over 5 years, EBITDA Margin stood at 18.5% in 2022, then soared by 134 bps to 6.26% in 2023, then jumped by 63 bps to 10.18% in 2024, then fell by 18 bps to 8.32% in 2025, then surged by 65 bps to 13.76% in 2026.
  • Per Business Quant data, the three most recent EBITDA Margin figures were 13.76% in Q2 2026, 9.99% in Q1 2026, and 8.32% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn 27.05%
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn 34.17%
3 Carnival 32.12 Bn 29.88 Bn - 12.77%
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn 13.76%
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn 14.42%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 13.76%
Mar 31, 2026 9.99%
Dec 31, 2025 8.32%
Sep 30, 2025 25.51%
Jun 30, 2025 16.84%
Mar 31, 2025 9.44%
Dec 31, 2024 10.18%
Sep 30, 2024 24.63%
Jun 30, 2024 14.40%
Mar 31, 2024 9.97%
Dec 31, 2023 6.26%
Sep 30, 2023 20.64%
Jun 30, 2023 12.36%
Mar 31, 2023 0.59%
Dec 31, 2022 -18.50%
Sep 30, 2022 -11.47%
Jun 30, 2022 -33.42%
Mar 31, 2022 -131.96%
Dec 31, 2021 -140.92%
Sep 30, 2021 -450.16%