Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed (2013 - 2026)

Norwegian Cruise Line Holdings' (NCLH) quarterly Return on Capital Employed came in at 0.57% in Q1 2026, down 937.0% year-on-year from 0.07% in Q1 2025, and up 49.53% quarter-over-quarter from 0.38% in Q4 2025.

Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed (2013 - 2026) Analysis & Trends

Norwegian Cruise Line Holdings has disclosed Return on Capital Employed across 14 years of filings, most recently posting 0.57% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 0.57%, down 937.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.57% (down 937.0% YoY), and the FY2025 annual result was 0.41%, down 1010.0% from the prior year.
  • Return on Capital Employed came in at 0.57% for Q1 2026 at Norwegian Cruise Line Holdings, up from 0.38% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 10.4% in Q4 2024 to a low of 18.02% in Q1 2022.
  • The 5-year median for Return on Capital Employed is 3.88% (2023), against an average of 0.65%.
  • Across the five-year window, Return on Capital Employed soared 1831 bps in 2023 and tumbled 1002 bps in 2025, its largest moves.
  • Norwegian Cruise Line Holdings' Return on Capital Employed stood at 11.33% in 2022, then jumped by 162 bps to 6.98% in 2023, then jumped by 49 bps to 10.4% in 2024, then tumbled by 96 bps to 0.38% in 2025, then surged by 50 bps to 0.57% in 2026.
  • The last three Return on Capital Employed figures came in at 0.57% (Q1 2026), 0.38% (Q4 2025), and 9.6% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 104.07%
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 31.79%
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 16.68%
4 Carnival 37.80 Bn 36.39 Bn - 11.60%
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 35.97%
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.57%
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 2.23%
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 8.24%
10 MakeMyTrip 2.12 Bn 1.35 Bn - 10.65%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.57%
Dec 31, 2025 0.38%
Sep 30, 2025 9.60%
Jun 30, 2025 10.15%
Mar 31, 2025 9.94%
Dec 31, 2024 10.40%
Sep 30, 2024 9.89%
Jun 30, 2024 9.06%
Mar 31, 2024 8.72%
Dec 31, 2023 6.98%
Sep 30, 2023 3.88%
Jun 30, 2023 -1.44%
Mar 31, 2023 -6.68%
Dec 31, 2022 -11.33%
Sep 30, 2022 -13.62%
Jun 30, 2022 -17.39%
Mar 31, 2022 -18.02%
Dec 31, 2021 -17.02%
Sep 30, 2021 -15.38%
Jun 30, 2021 -13.52%