NCLH

Norwegian Cruise Line HoldingsNYSE · Hotels, Resorts & Cruise Lines · Consumer Discretionary

Previous close

14.53

Change

+0.25 / +1.75%

FinDog View

Bearish

52-Week Range

14.19 – 26.09

P/E (TTM)

8.6

Forward P/E

9.4

Based on consensus earnings for the next 12 months

Market Cap

$6.7B

−20.08%

S&P 500 −2.41% over same period

Volume / Avg Volume

16.3M / 15.9M

1.02× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 15.81M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-30	$2.6B	0.48 / 0.40	−1.01%	Pending
FY2026 Q1 Quarter ended 2026-03	2026-05-04	$2.3B	0.23 / 0.15	−1.51%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-12	—	— / —	−7.57%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-11-04	—	— / —	−0.96%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-31	—	— / —	−4.15%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-05-05	—	— / —	−0.58%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 100 of its 5-year rangeExpensive

5-year range 3.7 – 7.6 · Median 5.4

No buybacks or dividends in the last four quarters

P/E (TTM)

8.6

P/B

2.6

P/S

0.7

PEG

0.65

Earnings Reaction

Over the last 6 reports, the stock moved ±2.6% on average on the first trading day after, rising 0 times

Most recent −1.01%

Volatility & Correlation

1-year beta 1.96 · Correlation with S&P 500 0.47High beta

Annualized volatility 54% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

No open-market buys or sells by officers or directors in the last 90 days.

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	2.64	+4.9%	39.9%	0.36	0.22	0.14	0.48
FY2026 Q1	2.33	+9.6%	40.9%	0.23	0.10	-0.63	0.23
FY2025 Q4	2.24	+6.4%	41.0%	0.19	0.01	0.02	0.08
FY2025 Q3	2.94	+4.7%	47.1%	0.75	0.42	-0.73	0.86
FY2025 Q2	2.52	+6.1%	42.1%	0.42	0.03	0.38	0.07
FY2025 Q1	2.13	−2.9%	38.7%	0.20	-0.04	-0.85	-0.09
FY2024 Q4	2.11	+6.2%	38.0%	0.21	0.25	0.16	0.55
FY2024 Q3	2.81	+10.7%	45.2%	0.69	0.47	-0.20	0.95
FY2024 Q2	2.37	+7.6%	38.7%	0.34	0.16	0.33	0.35
FY2024 Q1	2.19	+20.3%	36.7%	0.22	0.02	0.55	0.04
FY2023 Q4	1.99	+30.8%	33.5%	0.12	-0.11	-0.39	-0.14
FY2023 Q3	2.54	+57.0%	41.5%	0.52	0.35	-0.92	0.71

Peers

Largest by market cap in the sector · Latest quarterView Consumer Discretionary sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
NCLH	Norwegian Cruise Line Holdings	$6.7B	8.6	+4.9%	39.9%	−20.08%	Bearish
AMZN	Amazon	$2.65T	19.7	+19.6%	52.3%	−5.87%	Neutral	Compare
TSLA	Tesla, Inc.	$1.41T	370.0	+25.5%	16.8%	+5.53%	Neutral	Compare
HD	Home Depot (The)	$302B	21.3	+5.7%	33.7%	−10.48%	Neutral	Compare
MCD	McDonald's	$176B	20.5	+3.7%	90.4%	−6.39%	Neutral	Compare
TJX	TJX Companies	$135B	22.3	+5.4%	33.4%	−18.57%	Bullish	Compare
BKNG	Booking Holdings	$129B	17.9	+8.1%	—	−16.29%	Neutral	Compare
SBUX	Starbucks	$111B	56.0	−1.4%	—	−9.80%	Neutral	Compare
LOW	Lowe's	$109B	16.4	+24.0%	33.0%	−10.06%	Neutral	Compare

The View in One Line

FY2018 Q1 revenue $1.29 billion data is stale, stock down 20.08% over the past month, news slightly negative, lean Bearish.

Updated 2026-09-16

Key Events

08-12Governance
Board Decides to Hold Annual Advisory Vote on Executive Compensation
On August 11, 2026, Norwegian Cruise Line's board decided that future advisory votes on executive compensation will be held annually until the next required vote before 2032.Source ↗
06-16Governance
Shareholders Approve 2013 Incentive Plan Amendment, Adding 8.807 Million Shares
Norwegian Cruise Line shareholders approved an amendment to the 2013 performance incentive plan, increasing shares available for issuance by 8.807 million to 56.816 million, with the plan extended to February 8, 2036.Source ↗
05-29Capital Actions
Norwegian Cruise Line Switches 2027 Exchangeable Notes to Cash Settlement
On May 29, 2026, Norwegian Cruise Line subsidiary NCLC fixed the settlement method of its 1.125% and 2.50% exchangeable senior notes to cash settlement, expected to reduce dilution by about 2 million shares in Q2 and about 4 million shares for the full year.Source ↗
03-27Management Change
NCLH Appoints Chidsey as President and CEO
Norwegian Cruise Line appointed John W. Chidsey as President and CEO on February 12, 2026, and signed an employment agreement on March 26 with an annual salary of $1.715 million and a grant of 2.1399 million restricted stock units.Source ↗
03-27Governance
Norwegian Cruise Line Reaches Agreement with Elliott, Appoints Four New Directors
On March 26, 2026, Norwegian Cruise Line reached a cooperation agreement with Elliott, appointing Jonathan Cohen, Alex Cruz, Brian MacDonald, and Kevin Lansberry as directors effective March 31.Source ↗

Key Financial Trends

Quarterly Revenue ($B)2.6

Gross Margin39.9%

Free Cash Flow ($B)0.1