Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly FCF Margin came in at 26.82% in Q1 2026, up 1294.0% year-on-year from 1.92% in Q1 2025, and down 2904.51% quarter-over-quarter from 0.96% in Q4 2025.
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 26.82% for Q1 2026.
- FCF Margin for Q1 2026 came in at 26.82%, up 1294.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.46% (down 356.0% YoY), and the FY2025 annual result was 11.9%, down 2075.0% from the prior year.
- FCF Margin came in at 26.82% for Q1 2026 at Norwegian Cruise Line Holdings, down from 0.96% 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.
- The 5-year median for FCF Margin is 0.96% (2025), against an average of 13.41%.
- Across the five-year window, FCF Margin jumped 3177986 bps in 2022 and plunged 6479 bps in 2025, its largest moves.
- Norwegian Cruise Line Holdings' FCF Margin stood at 5.34% in 2022, then slumped by 466 bps to 19.57% in 2023, then soared 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.
- The last three FCF Margin figures came in at 26.82% (Q1 2026), 0.96% (Q4 2025), and 24.73% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 37.94% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.31% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 109.37% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -26.82% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 1.98% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 18.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -18,387.71% |