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
DateValue
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%