Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted FCF Margin of 26.82% for Q1 2026, down 2904.51% sequentially from 0.96% in Q4 2025, and up 1294.0% YoY from 1.92% in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported FCF Margin for 15 years, with the latest figure at 26.82% in Q1 2026.
- Quarterly FCF Margin rose 1294.0% year-over-year to 26.82% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.46% (down 356.0% YoY) and the FY2025 annual result came in at 11.9%, down 2075.0% from the prior year.
- FCF Margin slipped to 26.82% in Q1 2026 per NCLH's latest filing, from 0.96% in the prior quarter.
- Over five years, FCF Margin peaked at 25.02% in Q1 2024 and troughed at 102.75% in Q1 2022.
- A 5-year average of 13.41% and a median of 0.96% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2025: FCF Margin soared 3177986 bps in 2022, then plunged 6479 bps in 2025.
- Over 5 years, FCF Margin stood at 5.34% in 2022, then slumped by 466 bps to 19.57% in 2023, then surged by 138 bps to 7.39% in 2024, then plunged by 87 bps to 0.96% in 2025, then plunged by 2905 bps to 26.82% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 26.82%, 0.96%, and 24.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.37 Bn | 141.16 Bn | 4.98 Bn | 49.55% |
| 2 | Airbnb | 106.80 Bn | 94.73 Bn | 2.98 Bn | 35.20% |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | -18.15% |
| 4 | Viking Holdings | 44.70 Bn | 40.89 Bn | 713.43 Mn | 57.75% |
| 5 | Expedia | 38.90 Bn | 31.77 Bn | 3.91 Bn | 29.64% |
| 6 | Carnival | 38.24 Bn | 36.00 Bn | - | 26.34% |
| 7 | Trip.com | 29.13 Bn | 17.44 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 5.49% |
| 9 | MakeMyTrip | 5.83 Bn | 5.05 Bn | 212.91 Mn | 9.35% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 11.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.49% |
| Mar 31, 2026 | -26.82% |
| Dec 31, 2025 | 0.96% |
| Sep 30, 2025 | -24.73% |
| Jun 30, 2025 | 15.14% |
| Mar 31, 2025 | -39.76% |
| Dec 31, 2024 | 7.39% |
| Sep 30, 2024 | -6.97% |
| Jun 30, 2024 | 13.92% |
| Mar 31, 2024 | 25.02% |
| Dec 31, 2023 | -19.57% |
| Sep 30, 2023 | -36.21% |
| Jun 30, 2023 | 13.46% |
| Mar 31, 2023 | 14.58% |
| Dec 31, 2022 | 5.34% |
| Sep 30, 2022 | -75.51% |
| Jun 30, 2022 | 8.52% |
| Mar 31, 2022 | -102.75% |
| Dec 31, 2021 | -108.52% |
| Sep 30, 2021 | -588.15% |