Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported FCF Margin of 26.82% for Q1 2026, up 1294.0% on a YoY basis from 1.92% in Q1 2025, and down 2904.51% sequentially from 0.96% in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) FCF Margin (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings (NCLH) has 15 years of FCF Margin data on file, last reported at 26.82% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1294.0% year-over-year to 26.82%; the trailing twelve-month figure through Mar 2026 stood at 9.46% (down 356.0% YoY), and the FY2025 full-year result was 11.9%, down 2075.0% from the prior year.
- FCF Margin slipped to 26.82% in Q1 2026, 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.
- A 5-year average of 13.41% and a median of 0.96% in 2025 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 3177986 bps in 2022 and slumped 6479 bps in 2025, its largest moves.
- Tracing NCLH's FCF Margin over 5 years: stood at 5.34% in 2022, then tumbled by 466 bps to 19.57% in 2023, then surged by 138 bps to 7.39% in 2024, then sank by 87 bps to 0.96% in 2025, then sank by 2905 bps to 26.82% in 2026.
- Business Quant data shows NCLH's FCF Margin at 26.82% in Q1 2026, 0.96% in Q4 2025, and 24.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 56.18% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 29.96% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 63.78% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -7.15% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 57.75% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 26.34% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 109.37% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -26.82% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 18.57% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -6.19% |
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% |