Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed (2013 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Return on Capital Employed of 9.4% for Q1 2026, up 1.89% sequentially from 9.22% in Q4 2025, and down 55.0% YoY from 20.88% in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed (2013 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Return on Capital Employed for 14 years, with the latest figure at 9.4% in Q1 2026.
- Quarterly Return on Capital Employed fell 55.0% year-over-year to 9.4% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.4% (down 55.0% YoY) and the FY2025 annual result came in at 9.88%, down 63.0% from the prior year.
- Return on Capital Employed climbed to 9.4% in Q1 2026 per NCLH's latest filing, from 9.22% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 10.4% in Q4 2024 and troughed at 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.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed tumbled 480 bps in 2022, then surged 1831 bps in 2023.
- Over 5 years, Return on Capital Employed 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 declined by 11 bps to 9.22% in 2025, then advanced by 2 bps to 9.4% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 9.4%, 9.22%, and 9.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.69 Bn | 140.47 Bn | 4.98 Bn | 121.68% |
| 2 | Airbnb | 106.27 Bn | 94.20 Bn | 2.98 Bn | 28.23% |
| 3 | Royal Caribbean Cruises | 80.62 Bn | 79.70 Bn | 2.29 Bn | 16.12% |
| 4 | Viking Holdings | 44.61 Bn | 40.81 Bn | 713.43 Mn | 24.37% |
| 5 | Expedia | 38.52 Bn | 31.39 Bn | 3.91 Bn | 33.85% |
| 6 | Carnival | 38.14 Bn | 35.89 Bn | - | 11.61% |
| 7 | Trip.com | 29.07 Bn | 17.37 Bn | 1.86 Bn | 8.69% |
| 8 | Norwegian Cruise Line Holdings | 8.38 Bn | 8.16 Bn | 1.05 Bn | 8.72% |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 11.21% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 1.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.72% |
| 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% |