Norwegian Cruise Line Holdings (NCLH) Invested Capital (2012 - 2026)
Norwegian Cruise Line Holdings' Invested Capital came in at $17.61 billion for Q2 2026, up 14.8% from $15.33 billion a year earlier and up 0.1% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Invested Capital (2012 - 2026) Analysis & Trends
For FY2025, Norwegian Cruise Line Holdings' Invested Capital was $16.82 billion, up 15.8% from FY2024.
- Invested Capital has increased in each of the last three years, with a five-year compound annual growth rate of 0.8% (FY2020 to FY2025).
- Going back by year, Invested Capital was $14.53 billion in FY2024 (+1.2%), $14.36 billion in FY2023 (+4.9%), $13.69 billion in FY2022 (-8.0%) and $14.88 billion in FY2021 (-7.9%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2012.
- Year-over-year, Invested Capital has increased for 12 consecutive quarters, with growth averaging 10.0% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2025 (growth of 15.8%), and the weakest in Q1 2023 (a decline of 13.6%).
- Business Quant data shows NCLH's Invested Capital at $17.59 billion (Q1 2026), $16.82 billion (Q4 2025) and $16.71 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.52 Bn | 90.57 Bn | 1.55 Bn | 12.39 Bn |
| 2 | Royal Caribbean Cruises | 72.24 Bn | 69.82 Bn | 2.29 Bn | 33.30 Bn |
| 3 | Hilton Worldwide Holdings | 71.21 Bn | 67.69 Bn | 3.08 Bn | 7.04 Bn |
| 4 | Viking Holdings | 35.26 Bn | 20.39 Bn | 996.62 Mn | 7.60 Bn |
| 5 | Carnival | 33.74 Bn | 26.94 Bn | - | 38.12 Bn |
| 6 | Intercontinental Hotels | 26.60 Bn | 22.16 Bn | - | -5.07 Bn |
| 7 | Trip.com | 25.18 Bn | -20.37 Bn | 1.84 Bn | 27.47 Bn |
| 8 | Hyatt Hotels | 15.18 Bn | 12.66 Bn | 388.00 Mn | 7.91 Bn |
| 9 | H World | 12.91 Bn | 3.84 Bn | - | 2.71 Bn |
| 10 | Norwegian Cruise Line Holdings | 6.72 Bn | 5.94 Bn | 1.05 Bn | 17.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.61 Bn |
| Mar 31, 2026 | 17.59 Bn |
| Dec 31, 2025 | 16.82 Bn |
| Sep 30, 2025 | 16.71 Bn |
| Jun 30, 2025 | 15.33 Bn |
| Mar 31, 2025 | 15.41 Bn |
| Dec 31, 2024 | 14.53 Bn |
| Sep 30, 2024 | 14.54 Bn |
| Jun 30, 2024 | 14.13 Bn |
| Mar 31, 2024 | 14.11 Bn |
| Dec 31, 2023 | 14.36 Bn |
| Sep 30, 2023 | 14.31 Bn |
| Jun 30, 2023 | 13.14 Bn |
| Mar 31, 2023 | 13.03 Bn |
| Dec 31, 2022 | 13.69 Bn |
| Sep 30, 2022 | 14.31 Bn |
| Jun 30, 2022 | 14.15 Bn |
| Mar 31, 2022 | 15.08 Bn |
| Dec 31, 2021 | 14.88 Bn |
| Sep 30, 2021 | 15.29 Bn |
API Access
Norwegian Cruise Line Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();