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| Date | Value |
|---|---|
| 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% |