Norwegian Cruise Line Holdings (NCLH) Invested Capital (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Invested Capital of $15.6 billion for Q1 2026, up 6.87% sequentially from $14.6 billion in Q4 2025, and up 8.69% YoY from $14.4 billion in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Invested Capital (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Invested Capital for 15 years, with the latest figure at $15.6 billion in Q1 2026.
- Quarterly Invested Capital rose 8.69% year-over-year to $15.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $59.3 billion (up 7.88% YoY) and the FY2025 annual result came in at $14.6 billion, up 11.49% from the prior year.
- Invested Capital grew to $15.6 billion in Q1 2026 per NCLH's latest filing, from $14.6 billion in the prior quarter.
- Over five years, Invested Capital peaked at $15.6 billion in Q1 2026 and troughed at $13.1 billion in Q4 2024.
- A 5-year average of $14.0 billion and a median of $14.1 billion in 2023 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2022 and 2024: Invested Capital advanced 12.31% in 2022, then slipped 6.82% in 2024.
- Over 5 years, Invested Capital stood at $13.6 billion in 2022, then increased by 3.21% to $14.1 billion in 2023, then declined by 6.82% to $13.1 billion in 2024, then rose by 11.49% to $14.6 billion in 2025, then climbed by 6.87% to $15.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $15.6 billion, $14.6 billion, and $14.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.69 Bn | 140.47 Bn | 4.98 Bn | 2.00 Bn |
| 2 | Airbnb | 106.27 Bn | 94.20 Bn | 2.98 Bn | - |
| 3 | Royal Caribbean Cruises | 80.62 Bn | 79.70 Bn | 2.29 Bn | 1.57 Bn |
| 4 | Viking Holdings | 44.61 Bn | 40.81 Bn | 713.43 Mn | 374.61 Mn |
| 5 | Expedia | 38.52 Bn | 31.39 Bn | 3.91 Bn | - |
| 6 | Carnival | 38.14 Bn | 35.89 Bn | - | 1.47 Bn |
| 7 | Trip.com | 29.07 Bn | 17.37 Bn | 1.86 Bn | 2.90 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.38 Bn | 8.16 Bn | 1.05 Bn | 15.47 Bn |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 1.43 Bn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 61.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.47 Bn |
| Mar 31, 2026 | 15.61 Bn |
| Dec 31, 2025 | 14.61 Bn |
| Sep 30, 2025 | 14.93 Bn |
| Jun 30, 2025 | 14.11 Bn |
| Mar 31, 2025 | 14.36 Bn |
| Dec 31, 2024 | 13.10 Bn |
| Sep 30, 2024 | 13.71 Bn |
| Jun 30, 2024 | 13.76 Bn |
| Mar 31, 2024 | 14.09 Bn |
| Dec 31, 2023 | 14.06 Bn |
| Sep 30, 2023 | 14.21 Bn |
| Jun 30, 2023 | 13.39 Bn |
| Mar 31, 2023 | 13.37 Bn |
| Dec 31, 2022 | 13.62 Bn |
| Sep 30, 2022 | 14.15 Bn |
| Jun 30, 2022 | 13.42 Bn |
| Mar 31, 2022 | 13.77 Bn |
| Dec 31, 2021 | 12.45 Bn |
| Sep 30, 2021 | 12.60 Bn |