Norwegian Cruise Line Holdings (NCLH) EBITDA Margin (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported EBITDA Margin of 24.90% for Q2 2026, down 2.44 percentage points from 27.34% a year earlier but up 2.83 percentage points from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) EBITDA Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Norwegian Cruise Line Holdings' EBITDA Margin came in at 27.13%, up 0.66 percentage points year-over-year; for FY2025, it was 27.71%, up 1.97 percentage points from FY2024.
- EBITDA Margin has increased for four consecutive years, with a five-year change of +242.14 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 25.73% in FY2024 (+4.51 pp), 21.22% in FY2023 (+36.53 pp), -15.31% in FY2022 (+261.51 pp) and -276.82% in FY2021 (-62.39 pp).
- Five-year quarterly EBITDA Margin spans a low of -327.00% in Q3 2021 and a high of 34.79% in Q3 2025.
- Year over year, EBITDA Margin gained in seven of the last eight quarters, with an average year-over-year change of +1.68 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q1 2022 (a gain of 12404.13 percentage points); the low point was Q2 2026 (a drop of 2.44 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 22.06% (Q1 2026), 25.00% (Q4 2025) and 34.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 20.52% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 27.66% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 36.65% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 33.23% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 23.62% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | -67.85% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 35.47% |
| 10 | Norwegian Cruise Line Holdings | 6.57 Bn | 5.79 Bn | 1.05 Bn | 24.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.90% |
| Mar 31, 2026 | 22.06% |
| Dec 31, 2025 | 25.00% |
| Sep 30, 2025 | 34.79% |
| Jun 30, 2025 | 27.34% |
| Mar 31, 2025 | 21.22% |
| Dec 31, 2024 | 21.87% |
| Sep 30, 2024 | 33.14% |
| Jun 30, 2024 | 24.64% |
| Mar 31, 2024 | 21.15% |
| Dec 31, 2023 | 18.00% |
| Sep 30, 2023 | 29.49% |
| Jun 30, 2023 | 22.09% |
| Mar 31, 2023 | 12.15% |
| Dec 31, 2022 | -4.24% |
| Sep 30, 2022 | 1.04% |
| Jun 30, 2022 | -16.93% |
| Mar 31, 2022 | -94.51% |
| Dec 31, 2021 | -100.37% |
| Sep 30, 2021 | -327.00% |
API Access
Norwegian Cruise Line Holdings EBITDA Margin 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=ebitda-margin&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();