Norwegian Cruise Line Holdings Ltd. (NCLH) Stock: Price, Forecast & Analyst Target
Norwegian Cruise Line Holdings Ltd. (NCLH) — MoonshotScore 35/100 (Weak band), calculated Oct 4, 2026. Price $15.14 (+3.45%), as of the Oct 2, 2026 trading session; market cap $6.95B. Expected results Nov 4, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 31.87× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 4, 2026
Norwegian Cruise Line Holdings Ltd. · NCLH · NYSE · Consumer Cyclical · Travel Services
Research dated 2026-09-13: Norwegian Cruise Line Holdings operates a global fleet across a portfolio of distinct brands, selling voyages that range from brief getaways to globe-spanning expeditions. The core tension for equity holders is whether the operator can convert growing passenger volumes into enough free cash flow to service an enormous debt load. Management is actively throttling capital expenditures to manage this transition, but softening passenger yields add friction to the recovery.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Norwegian Cruise Line Holdings (NCLH)
WeakWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
A fragile balance sheet and a full valuation, though quality and growth are only middling. Business Quality: Average; Financial Safety: Fragile; Valuation: Rich; Growth Durability: Flat; Momentum: Slipping.
Free cash flow yield is the main valuation drag relative to sector peers.
- quarterly revenue $2.64B (Q2 FY2026, quarter ended Jun 2026)
- EPS beat 6 of 8
- expected results Nov 4, 2026
Holding back: balance-sheet strain, a rich price, weak price trend
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 35 | Weak | |
| 35 | Weak | |
| 35 | Weak | |
| 35 | Weak | |
| 35 | Weak | |
| 35 | Weak |
The score was 35 in the stored Oct 3, 2026 snapshot and remains 35 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Growth Durability -1 and Momentum -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value |
|---|---|
| Latest provided price | $15.14 |
| Change on the day | +3.45% |
| 52-week range | $13.63–$25.13 |
| Market capitalisation | $6.95B |
| Price / earnings (trailing) | 9.07 |
| Shares traded on the day | 31.16M |
| Beta (volatility vs the S&P 500) | 1.88 |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
As a result, our capacity growth will moderate meaningfully to a 2.5% CAGR from 2026 to 2029, and we expect gross newbuild and growth CapEx to decline by nearly $1 billion annually, materially improving free cash flow generation.
Mark Kempa · Statement from
Starting with full year net yield, we now expect to be at the low end of our guidance range with net yield declining approximately 5%.
Mark Kempa · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Norwegian Cruise Line Holdings (NCLH): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
3 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Oct 4, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 10, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the NCLH film — every key number, told as a short cinematic story
~2 min · open the film
What is Norwegian Cruise Line Holdings (NCLH), and what does it report?
Short answer · as of
The business sells maritime leisure travel under a portfolio of brands, catering to distinct market segments from contemporary cruising to luxury voyages.
Research dated 2026-09-13.
The business sells maritime leisure travel under a portfolio of brands, catering to distinct market segments from contemporary cruising to luxury voyages. Revenue flows through multiple distinct channels: upfront passenger ticket purchases and high-margin onboard spending, which captures everything from specialty dining to casino play and shore excursions.
The reported financials measure how efficiently the company fills its available berths and how effectively it monetizes those captive audiences during the voyage. Because a ship sails with largely fixed operating costs regardless of passenger count, profitability depends heavily on maintaining high occupancy and maximizing incidental spending.
What do the latest results show for Norwegian Cruise Line Holdings (NCLH)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $2.64B.
Research dated 2026-09-13.
Passenger volumes and onboard spending have driven a return to net profitability following extended periods of losses. However, the underlying mechanism driving the latest results is shifting. Management notes that net yields are softening, meaning the revenue generated per passenger cruise day is facing downward pressure.
To counter this, the company is fundamentally altering its capital strategy, planning to drastically reduce spending on new ship builds to organically boost free cash flow generation.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $2.64B Jun 30, 2026
- Latest quarter · SG&A
- $419.20M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $363.33M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $2.64B | Not available | $419.20M | $363.33M |
| Mar 31, 2026 | $2.33B | Not available | $459.68M | $232.94M |
| Dec 31, 2025 | $2.24B | Not available | $381.37M | $186.64M |
| Sep 30, 2025 | $2.94B | Not available | $383.00M | $749.45M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $2.64B Jul 30, 2026
- Latest report · revenue estimate
- $2.65B Jul 30, 2026
- Latest report · revenue vs estimate
- Below estimate Jul 30, 2026
- Latest report · EPS vs estimate
- Above estimate Jul 30, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Jul 30, 2026 | $2.64B | $2.65B | $0.4800 | $0.4115 |
| May 4, 2026 | $2.33B | $2.36B | $0.2300 | $0.1500 |
| Mar 2, 2026 | $2.24B | $2.34B | $0.2800 | $0.2647 |
| Nov 4, 2025 | $2.94B | $2.34B | $1.2000 | $1.1600 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $2.64B | $223M | $0.48 (diluted) |
| Q1 FY2026 | $2.33B | $105M | $0.23 (diluted) |
| Q4 FY2025 | $2.24B | $14M | $0.03 (diluted) |
| Q3 FY2025 | $2.94B | $419M | $0.86 (diluted) |
What are the financial strengths and risks for Norwegian Cruise Line Holdings (NCLH)?
Short answer
Cash and short-term investments were $218.10M at the Jun 30, 2026 balance-sheet date. Operating cash flow was $636.13M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
The defining financial characteristic of the enterprise is a staggering debt burden that eclipses its market capitalization. While the business generates positive operating cash flow, heavy capital expenditures for ship construction have historically consumed those funds, resulting in tight liquidity and an extremely short cash runway relative to its ongoing burn rate.
A severe operational downturn or a spike in borrowing costs would squeeze the balance sheet immediately. Conversely, the primary financial strength lies in the sheer volume of operating cash generated when the fleet sails full, alongside recent insider buying activity that suggests executive confidence in the evolving capital allocation strategy.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $636.13M Jun 30, 2026
- Previous quarter · operating cash flow
- $811.45M Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $636.13M | −$457.69M |
| Mar 31, 2026 | $811.45M | −$1.44B |
| Dec 31, 2025 | $459.11M | −$437.65M |
| Sep 30, 2025 | $236.56M | −$963.10M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Norwegian Cruise Line Holdings (NCLH)?
Short answer · as of
The next earnings report is expected on Nov 4, 2026.
Research dated 2026-09-13.
The trajectory of net passenger yields and the booking curve remain the pivotal metrics for upcoming reporting periods. Executive commentary explicitly points to anticipated improvements in the booking curve as changes to marketing and demand generation take effect.
Observers should also verify whether the promised reductions in capital expenditures actually materialize in the cash flow statements. Any failure to moderate spending on new vessels would directly threaten the thesis of improved free cash flow generation and debt reduction.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
As a result, our capacity growth will moderate meaningfully to a 2.5% CAGR from 2026 to 2029, and we expect gross newbuild and growth CapEx to decline by nearly $1 billion annually, materially improving free cash flow generation.
Mark Kempa ·
Starting with full year net yield, we now expect to be at the low end of our guidance range with net yield declining approximately 5%.
Mark Kempa ·
As the year progresses and particularly as we move into the second half of 2027, we expect to see improvement as the booking curve better reflects the changes we are making across marketing, demand generation, and revenue management.
Mark Kempa ·
How does Norwegian Cruise Line Holdings compare with its peers?
Short answer
Norwegian Cruise Line Holdings's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-13.
Unlike diversified hospitality conglomerates that operate asset-light franchise models, this enterprise owns and operates massive physical assets that require constant, immense capital investment. The portfolio strategy spans distinct market tiers—contemporary, premium, and ultra-luxury—allowing the operator to capture a broad swath of the cruising public without diluting individual brand identities.
The core differentiator from land-based lodging is the captive economic environment: after embarkation, the operator monopolizes passenger dining, entertainment, and ancillary spending for the duration of the voyage.
| Company | Price | Market value | Score |
|---|---|---|---|
| $265.00 Oct 2, 2026 | $30.3B | 92 5-pillar Oct 4, 2026 | |
| $44.25 Oct 2, 2026 | $10.4B | 90 5-pillar Oct 4, 2026 | |
| $162.43 Oct 2, 2026 | $96.4B | 90 5-pillar Oct 4, 2026 | |
| $38.09 Oct 2, 2026 | $24.7B | 82 5-pillar Oct 4, 2026 | |
| $106.05 Oct 2, 2026 | $11.5B | 71 5-pillar Oct 4, 2026 | |
| $24.70 Oct 2, 2026 | $11.1B | 70 5-pillar Oct 4, 2026 | |
| $62.92 Oct 2, 2026 | $3.86B | 70 5-pillar Oct 4, 2026 | |
| $80.56 Oct 2, 2026 | $35.8B | 68 5-pillar Oct 4, 2026 | |
| $156.14 Oct 2, 2026 | $10.3B | 64 5-pillar Oct 4, 2026 | |
| $277.88 Oct 2, 2026 | $74.5B | 64 5-pillar Oct 4, 2026 | |
| $77.14 Oct 2, 2026 | $10.5B | 48 5-pillar Oct 4, 2026 | |
| $44.62 Oct 2, 2026 | $4.20B | 42 5-pillar Oct 4, 2026 | |
| Norwegian Cruise Line Holdings (NCLH) — this page | $15.14 | $6.95B | 35 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $16.00 – $45.00
- Consensus target
- $20.86
- Median target
- $18.00
Consensus record · Captured .
Measured against a quoted price of $15.14 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated May 22, 2026
- Transactions
- 13
- Identified insiders
- 8
- Purchases
- 8
- Sales
- 0
- Other transactions
- 5
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Reporting holders
- 701 Period end Jun 30, 2026
- Previous quarter · holders
- 698 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Vanguard Capital Management LLC | 29,972,580 |
| Blackrock, INC. | 29,336,839 |
| Ubs Group AG | 23,331,373 |
| Goldman Sachs Group INC | 18,908,671 |
| Vanguard Portfolio Management LLC | 18,666,538 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Norwegian Cruise Line Holdings (NCLH)?
- Citigroup Adjusts Price Target on Norwegian Cruise Line to $19 From $22, Keeps Buy Rating
- Norwegian Cruise Targets Earlier Bookings: Can It Ease Yield Pressure?
- Norwegian Cruise Line Holdings (NCLH) Could Be 29% Undervalued Following Its Debt Refinancing Plan
- Is Stronger Guidance, Record Bookings and New Debt Refinancing Altering The Investment Case For Norwegian Cruise Line (NCLH)?
Norwegian Cruise Line Holdings Consumer Cyclical Stock: Key Questions Answered
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
How does the balance between ticket sales and onboard spending affect Norwegian Cruise Line margins?
Ticket revenue provides the baseline to cover fixed sailing costs, but onboard purchases carry significantly higher margins. Pushing guests to spend on specialty dining, excursions, and casino games after boarding is the primary driver of bottom-line expansion.
What is management doing to address the massive debt load tied to the Norwegian and Oceania fleets?
Leadership is shifting strategy away from aggressive fleet expansion and toward cash preservation. By deliberately throttling capital expenditures for new ship construction, the executive team expects to dramatically improve free cash flow generation to service the existing obligations.
Why are executives projecting a rebound in the booking curve for Norwegian's cruise itineraries?
The booking curve acts as a leading indicator for future revenue and pricing power. Executives have acknowledged softening yields but predict that recent overhauls in marketing and demand generation will strengthen the booking curve in upcoming reporting periods.
Are corporate insiders buying shares of Norwegian Cruise Line Holdings despite the leveraged balance sheet?
Regulatory filings show multiple open-market purchases by corporate insiders in recent periods, with an absence of corresponding sales. This accumulation suggests that executives see value in the equity even as the company navigates its substantial debt constraints.
What is the NCLH stock price today?
The last price recorded on this page for Norwegian Cruise Line Holdings Ltd. (NCLH) is $15.14, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the NCLH price target?
The analyst consensus price target for Norwegian Cruise Line Holdings Ltd. (NCLH) is $20.86 (range $16.00 to $45.00, median $18.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
When are NCLH's next earnings?
The next earnings date listed on this page for Norwegian Cruise Line Holdings Ltd. (NCLH) is Nov 4, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (77 figures)
The 77 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Mark Kempa (Jul 30, 2026): As a result, our capacity growth will moderate meaningfully to a 2.5% CAGR from 2026 to 2029, and we expect gross newbuild and growth CapEx to decline by nearly $1 billion annually, materially improving free cash flow generation. Mark Kempa (Jul 30, 2026): Starting with full year net yield, we now expect to be at the low end of our guidance range with net yield declining approximately 5%. Mark Kempa (Jul 30, 2026): As the year progresses and particularly as we move into the second half of 2027, we expect to see improvement as the booking curve better reflects the changes we are making across marketing, demand generation, and revenue management. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | Miami, FL | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "7665 Corporate Center Drive, Miami, FL, 33126, US". |
FMP — 67 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
px.last | Latest provided price | $15.14 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T00:34:47.109Z. | |
px.change | Change on the day | +3.45% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $6.95B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:03.000Z. Captured from FMP at 2026-10-05T00:34:46.132Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.505 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $2.64B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $13.63–$25.13 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 9.07 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 31.16M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.88 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | John W. Chidsey | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 44,500 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $647.99M, net result −$4.51B; FY2022 revenue $4.84B, net result −$2.27B; FY2023 revenue $8.55B, net result $166.18M; FY2024 revenue $9.48B, net result $910.26M; FY2025 revenue $9.83B, net result $423.25M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Passenger ticket $6.69B · Onboard and other $3.14B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 42.5% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $2.64B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $419.20M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $363.33M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $2.33B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $459.68M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $232.94M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $2.24B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $381.37M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $186.64M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $2.94B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $383.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $749.45M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-07-30.revenue_actual | Revenue · reported — report date 2026-07-30 | $2.64B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-30.revenue_estimated | Revenue · estimate — report date 2026-07-30 | $2.65B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-30.eps_actual | EPS · reported — report date 2026-07-30 | $0.4800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-07-30.eps_estimated | EPS · estimate — report date 2026-07-30 | $0.4115 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-04.revenue_actual | Revenue · reported — report date 2026-05-04 | $2.33B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-04.revenue_estimated | Revenue · estimate — report date 2026-05-04 | $2.36B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-04.eps_actual | EPS · reported — report date 2026-05-04 | $0.2300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-04.eps_estimated | EPS · estimate — report date 2026-05-04 | $0.1500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-02.revenue_actual | Revenue · reported — report date 2026-03-02 | $2.24B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-02.revenue_estimated | Revenue · estimate — report date 2026-03-02 | $2.34B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-02.eps_actual | EPS · reported — report date 2026-03-02 | $0.2800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-02.eps_estimated | EPS · estimate — report date 2026-03-02 | $0.2647 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.revenue_actual | Revenue · reported — report date 2025-11-04 | $2.94B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.revenue_estimated | Revenue · estimate — report date 2025-11-04 | $2.34B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.eps_actual | EPS · reported — report date 2025-11-04 | $1.2000 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.eps_estimated | EPS · estimate — report date 2025-11-04 | $1.1600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $218.10M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $636.13M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $15.03B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 2.70× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $636.13M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $811.45M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$457.69M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$1.44B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $459.11M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$437.65M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $236.56M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$963.10M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $16.00 – $45.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $20.86 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $18.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 13 transactions · 8 purchases, 0 sales, 5 other transactions · 8 identified insiders · of the newest 100 records, those within the last 180 days, newest dated May 22, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.holders | Reporting holders | 701 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 698 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Vanguard Capital Management LLC — shares in provider snapshot | 29,972,580 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Blackrock, INC. — shares in provider snapshot | 29,336,839 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Ubs Group AG — shares in provider snapshot | 23,331,373 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Goldman Sachs Group INC — shares in provider snapshot | 18,908,671 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 18,666,538 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 4, 2026 | UNRECORDED | Stored earnings-calendar observation — Captured 2026-09-30 | |
earn.history | Reported versus estimated, recent quarters | EPS beat 6 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-09-21 · Expired observation |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 31.87× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $218.10M at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
earn.history.depth.2026-07-30.revenue_actual.comparison | Latest report · revenue vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($2.64B) with the recorded estimate ($2.65B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-07-30.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.4800) with the recorded estimate ($0.4115) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 3 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 35 of 100 · Weak · pillars 52 / 9 / 31 / 41 / 31 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.valuation_driver | Recorded valuation score driver | Free cash flow yield is the main valuation drag relative to sector peers. | OURS | Stock Expert AI MoonshotScore v2 engine · stored factor contributions | |
ours.moonshot_change | MoonshotScore movement | 35 (stored snapshot Oct 3, 2026) → 35 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-07-30. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-07-30.revenue_actual,earn.history.depth.2026-07-30.revenue_estimated,earn.history.depth.2026-07-30.revenue_actual.comparison,earn.history.depth.2026-07-30.eps_actual.comparison,earn.history.depth.2026-07-30.eps_actual,earn.history.depth.2026-07-30.eps_estimated,earn.history.depth.2026-05-04.revenue_actual,earn.history.depth.2026-05-04.revenue_estimated,earn.history.depth.2026-05-04.eps_actual,earn.history.depth.2026-05-04.eps_estimated,earn.history.depth.2026-03-02.revenue_actual,earn.history.depth.2026-03-02.revenue_estimated,earn.history.depth.2026-03-02.eps_actual,earn.history.depth.2026-03-02.eps_estimated,earn.history.depth.2025-11-04.revenue_actual,earn.history.depth.2025-11-04.revenue_estimated,earn.history.depth.2025-11-04.eps_actual,earn.history.depth.2025-11-04.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
- Published
- Research standards
- Methodology · Editorial policy · Corrections
- Report a number
- sedat@stockexpertai.com
Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a comprehensive list of destinations worldwide, including Scandinavia, Russia, the Mediterranean, and the Greek Isles; the Alaskan wilderness, Canada and New England; Hawaii, Asia, Tahiti, and the South Pacific; Australia and New Zealand; Africa, India, and South America; as well as the Panama Canal and the Caribbean. As of December 31, 2021, the company commanded a fleet of 28 ships, providing approximately 59,150 berths for guests. Its travel products are distributed through multiple channels, including independent retail/travel advisors, direct sales onboard its ships, and specialized services for meetings, incentives, and private charters. Founded in 1966, Norwegian Cruise Line Holdings Ltd. maintains its corporate headquarters in Miami, Florida. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Cash, investments and debt | Total debt: $15.03B; Liquidity basis: cash and short-term investments; Total liabilities: $21.44B; Cash and short-term investments: $218.10M; Cash and investments: $218.10M; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Management outlook — dated call excerpts | Captured record · 3 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-07-30 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Revenue by segment | Passenger ticket: $6.69B; Onboard and other: $3.14B | 2025-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$14.82B; Total debt: $15.03B; Cash and investments: $218.10M Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash runway cross-check (ours) | Years: 0.3; Method: cash and short-term investments of $218.1M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($828.2M per year); Reaches: 2026-10; Cash basis: cash and short-term investments; Cash: $218.10M; Annualized cash use: $828.20M Rate taken from operating cash flow less capital expenditure over the 8 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it. | 2026-06-30 | COMPUTED | Computed from reported cash flow; assumptions stated |
| Insider transactions, last 180 days | Net shares: 2,438,319; Window days: 180; Price low: $14.91; Clustered days: 2026-04-13; Price high: $17.83; Buy transactions: 8; Distinct insiders: 8; Sell transactions: 0; Other transactions: 7; Total transactions: 15; Other transaction types: A-Award: 7; Unknown direction transactions: 0 Purchase and sale counts require explicit provider transaction types, without a conflicting acquisition/disposition direction. Other transactions retain their provider type; awards, exercises, gifts and in-kind transactions are not counted as purchases or sales. Net shares sums acquired minus disposed shares across direction-known records, including other transaction types; unknown directions are excluded. It is not net purchases or a verified change in beneficial ownership. Named-insider counts, same-day clusters and positive reported prices cover all retained records. Filing dates are used only when transaction dates are absent. Neither timing nor price establishes motive or whether a transaction was on the open market. | 2026-05-22 | FMP | Financial Modeling Prep (FMP) insider transactions, from Form 4 filings |
| Next earnings report | Date: 2026-11-04; EPS estimate: $0.89 per share; Revenue estimate: $2.86B The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Sector / industry (provider taxonomy) | Consumer Cyclical / Travel Services The company's SEC filings classify it under SIC 4400 — Water Transportation. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Analyst actions, most recent per firm | Captured record · 10 entries
One row per firm — the firm's most recent action in our feed. Other data vendors may carry firms ours does not. | 2026-09-04 | FMP | Financial Modeling Prep (FMP) analyst grades |
| Legal name | Norwegian Cruise Line Holdings Ltd. | 2026-03-02 | OFFICIAL | SEC EDGAR — 10-K filed 2026-03-02 |
Data provided for informational purposes only.