Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly FCF Margin came in at 5.49% in Q2 2026, down 966.0% year-over-year from 0.63% in Q2 2025, and up 120.46% quarter-over-quarter from 26.82% in Q1 2026.
Analysis
Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed FCF Margin across 15 years of filings, most recently posting 5.49% for Q2 2026.
- In Q2 2026, FCF Margin fell 966.0% year-over-year to 5.49%; the TTM figure through Jun 2026 stood at 11.67% (down 640.0% YoY), while the FY2025 annual figure was 11.9%, down 2075.0% from the prior year.
- FCF Margin came in at 5.49% for Q2 2026 at Norwegian Cruise Line Holdings, up from 26.82% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 25.02% in Q1 2024 to a low of 102.75% in Q1 2022.
- Average FCF Margin over 5 years is 12.36%, with a median of 3.15% recorded in 2022.
- Year-over-year, FCF Margin surged 3177986 bps in 2022 and tumbled 6479 bps in 2025.
- Over 5 years, FCF Margin stood at 5.34% in 2022, then plunged by 466 bps to 19.57% in 2023, then soared by 138 bps to 7.39% in 2024, then slumped by 87 bps to 0.96% in 2025, then jumped by 474 bps to 5.49% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 5.49% in Q2 2026, 26.82% in Q1 2026, and 0.96% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | -18.15% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 51.36% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 26.34% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 5.49% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 25.62% |
Historic Data
Download Data
Historic 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% |