Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed (2013 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported Return on Capital Employed of 9.4% for Q1 2026, down 55.0% on a YoY basis from 20.88% in Q1 2025, and up 1.89% sequentially from 9.22% in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed (2013 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings (NCLH) has 14 years of Return on Capital Employed data on file, last reported at 9.4% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 55.0% year-over-year to 9.4%; the trailing twelve-month figure through Mar 2026 stood at 9.4% (down 55.0% YoY), and the FY2025 full-year result was 9.88%, down 63.0% from the prior year.
- Return on Capital Employed climbed to 9.4% in Q1 2026, from 9.22% 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.
- A 5-year average of 1.69% and a median of 8.72% in 2024 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed sank 480 bps in 2022 and soared 1831 bps in 2023, its largest moves.
- Tracing NCLH's Return on Capital Employed over 5 years: stood at 11.33% in 2022, then soared by 162 bps to 6.98% in 2023, then soared by 49 bps to 10.4% in 2024, then decreased by 11 bps to 9.22% in 2025, then increased by 2 bps to 9.4% in 2026.
- Business Quant data shows NCLH's Return on Capital Employed at 9.4% in Q1 2026, 9.22% in Q4 2025, and 9.6% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 104.07% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 16.68% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 31.79% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -1.24% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 54.76% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 11.61% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 35.97% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 9.40% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 10.65% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 2.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.40% |
| Dec 31, 2025 | 9.22% |
| 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% |