Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed [ROCE] (2013 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported Return on Capital Employed [ROCE] of 8.72% for Q2 2026, down 1.43 percentage points from 10.15% a year earlier and down 0.68 percentage points from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Norwegian Cruise Line Holdings posted Return on Capital Employed [ROCE] of 9.88%, down 0.63 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +32.17 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 10.51% in FY2024 (+3.34 pp), 7.17% in FY2023 (+18.59 pp), -11.42% in FY2022 (+5.79 pp) and -17.21% in FY2021 (+5.09 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- Year over year, Return on Capital Employed [ROCE] has now declined in each of the last four quarters, with an average year-over-year change of +1.04 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q4 2023 (a gain of 18.31 percentage points); the low point was Q1 2022 (a drop of 4.80 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 9.40% (Q1 2026), 9.22% (Q4 2025) and 9.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 21.18% |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 16.12% |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 25.17% |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 21.91% |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 11.28% |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 6.12% |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | -49.45% |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 15.35% |
| 10 | Norwegian Cruise Line Holdings | 6.95 Bn | 6.17 Bn | 1.05 Bn | 8.72% |
Historic Data
Download Data
Historic 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% |
API Access
Norwegian Cruise Line Holdings Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();