Norwegian Cruise Line Holdings (NCLH) Enterprise Value (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Enterprise Value of -$185.0 million for Q1 2026, up 11.84% sequentially from -$209.9 million in Q4 2025, and little changed YoY from -$185.7 million in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Enterprise Value (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Enterprise Value for 15 years, with the latest figure at -$185.0 million in Q1 2026.
- Quarterly Enterprise Value changed 0.35% year-over-year to -$185.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$185.0 million (changed 0.35% YoY) and the FY2025 annual result came in at -$209.9 million, down 10.03% from the prior year.
- Enterprise Value rose to -$185.0 million in Q1 2026 per NCLH's latest filing, from -$209.9 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$166.8 million in Q3 2025 and troughed at -$2.1 billion in Q1 2022.
- A 5-year average of -$675.2 million and a median of -$559.8 million in 2024 frame the typical range for Enterprise Value.
- The widest YoY moves for Enterprise Value: up 69.03% in 2025, down 10.03% in 2025.
- Over 5 years, Enterprise Value stood at -$947.0 million in 2022, then jumped by 57.51% to -$402.4 million in 2023, then surged by 52.59% to -$190.8 million in 2024, then dropped by 10.03% to -$209.9 million in 2025, then increased by 11.84% to -$185.0 million in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$185.0 million, -$209.9 million, and -$166.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.69 Bn | 140.47 Bn | 4.98 Bn | -17.21 Bn |
| 2 | Airbnb | 106.27 Bn | 94.20 Bn | 2.98 Bn | -12.07 Bn |
| 3 | Royal Caribbean Cruises | 80.62 Bn | 79.70 Bn | 2.29 Bn | -697.00 Mn |
| 4 | Viking Holdings | 44.61 Bn | 40.81 Bn | 713.43 Mn | -3.80 Bn |
| 5 | Expedia | 38.52 Bn | 31.39 Bn | 3.91 Bn | -7.13 Bn |
| 6 | Carnival | 38.14 Bn | 35.89 Bn | - | -2.23 Bn |
| 7 | Trip.com | 29.07 Bn | 17.37 Bn | 1.86 Bn | -11.47 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.38 Bn | 8.16 Bn | 1.05 Bn | -218.10 Mn |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | -766.12 Mn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | -472.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -218.10 Mn |
| Mar 31, 2026 | -185.05 Mn |
| Dec 31, 2025 | -209.89 Mn |
| Sep 30, 2025 | -166.80 Mn |
| Jun 30, 2025 | -184.02 Mn |
| Mar 31, 2025 | -184.40 Mn |
| Dec 31, 2024 | -190.77 Mn |
| Sep 30, 2024 | -332.50 Mn |
| Jun 30, 2024 | -594.10 Mn |
| Mar 31, 2024 | -559.81 Mn |
| Dec 31, 2023 | -402.42 Mn |
| Sep 30, 2023 | -681.60 Mn |
| Jun 30, 2023 | -899.10 Mn |
| Mar 31, 2023 | -700.60 Mn |
| Dec 31, 2022 | -946.99 Mn |
| Sep 30, 2022 | -1.20 Bn |
| Jun 30, 2022 | -1.90 Bn |
| Mar 31, 2022 | -2.14 Bn |
| Dec 31, 2021 | -1.75 Bn |
| Sep 30, 2021 | -1.93 Bn |