Norwegian Cruise Line Holdings (NCLH) Free Cash Flow (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Free Cash Flow of -$625.2 million for Q1 2026, down 3012.99% sequentially from $21.5 million in Q4 2025, and up 26.1% YoY from -$495.8 million in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Free Cash Flow (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Free Cash Flow for 15 years, with the latest figure at -$625.2 million in Q1 2026.
- Quarterly Free Cash Flow rose 26.1% year-over-year to -$625.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$949.1 million (down 70.87% YoY) and the FY2025 annual result came in at -$1.2 billion, down 239.46% from the prior year.
- Free Cash Flow retreated to -$625.2 million in Q1 2026 per NCLH's latest filing, from $21.5 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $548.3 million in Q1 2024 and troughed at -$1.2 billion in Q3 2022.
- A 5-year average of -$192.6 million and a median of $21.5 million in 2025 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 193.34% in 2023, down 578.74% in 2023.
- Over 5 years, Free Cash Flow stood at $81.2 million in 2022, then tumbled by 578.74% to -$388.7 million in 2023, then surged by 140.09% to $155.8 million in 2024, then sank by 86.23% to $21.5 million in 2025, then slumped by 3012.99% to -$625.2 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$625.2 million, $21.5 million, and -$726.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.69 Bn | 140.47 Bn | 4.98 Bn | 3.64 Bn |
| 2 | Airbnb | 106.27 Bn | 94.20 Bn | 2.98 Bn | 1.27 Bn |
| 3 | Royal Caribbean Cruises | 80.62 Bn | 79.70 Bn | 2.29 Bn | -877.00 Mn |
| 4 | Viking Holdings | 44.61 Bn | 40.81 Bn | 713.43 Mn | 995.73 Mn |
| 5 | Expedia | 38.52 Bn | 31.39 Bn | 3.91 Bn | 1.28 Bn |
| 6 | Carnival | 38.14 Bn | 35.89 Bn | - | 1.76 Bn |
| 7 | Trip.com | 29.07 Bn | 17.37 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.38 Bn | 8.16 Bn | 1.05 Bn | 144.89 Mn |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 26.71 Mn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 103.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 144.89 Mn |
| Jun 30, 2026 | 144.89 Mn |
| Mar 31, 2026 | -625.22 Mn |
| Mar 31, 2026 | -625.22 Mn |
| Dec 31, 2025 | 21.46 Mn |
| Dec 31, 2025 | 21.46 Mn |
| Sep 30, 2025 | -726.53 Mn |
| Sep 30, 2025 | -726.53 Mn |
| Jun 30, 2025 | 381.21 Mn |
| Jun 30, 2025 | 381.21 Mn |
| Mar 31, 2025 | -846.00 Mn |
| Mar 31, 2025 | -846.00 Mn |
| Dec 31, 2024 | 155.82 Mn |
| Dec 31, 2024 | 155.82 Mn |
| Sep 30, 2024 | -195.51 Mn |
| Sep 30, 2024 | -195.51 Mn |
| Jun 30, 2024 | 330.24 Mn |
| Jun 30, 2024 | 330.24 Mn |
| Mar 31, 2024 | 548.32 Mn |
| Mar 31, 2024 | 548.32 Mn |