Norwegian Cruise Line Holdings annual ebitda margin
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2025
Norwegian Cruise Line Holdings EBITDA Margin Growth & History (NCLH)
Norwegian Cruise Line Holdings's ebitda margin was 27.71% for fiscal 2025.
View full Norwegian Cruise Line Holdings company overviewNorwegian Cruise Line Holdings annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 27.71% | +1.97 pp |
| 2024 | 2024-12-31 | 25.73% | +4.51 pp |
| 2023 | 2023-12-31 | 21.22% | +36.53 pp |
| 2022 | 2022-12-31 | −15.31% | +261.51 pp |
| 2021 | 2021-12-31 | −276.82% | −62.39 pp |
| 2020 | 2020-12-31 | −214.43% | −242.67 pp |
| 2019 | 2019-12-31 | 28.24% | −1.25 pp |
| 2018 | 2018-12-31 | 29.50% | +0.40 pp |
| 2017 | 2017-12-31 | 29.10% | +0.97 pp |
| 2016 | 2016-12-31 | 28.13% | +1.60 pp |
| 2015 | 2015-12-31 | 26.53% | +0.69 pp |
| 2014 | 2014-12-31 | 25.84% | +0.90 pp |
| 2013 | 2013-12-31 | 24.94% | −0.24 pp |
| 2012 | 2012-12-31 | 25.18% | +1.43 pp |
| 2011 | 2011-12-31 | 23.75% | — |
Norwegian Cruise Line Holdings quarterly ebitda margin
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| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 24.03% | −2.49 pp |
| Q1 2026 | 2026-03-31 | 22.06% | +0.84 pp |
| Q4 2025 | 2025-12-31 | 26.89% | +3.08 pp |
| Q3 2025 | 2025-09-30 | 34.04% | +1.63 pp |
| Q2 2025 | 2025-06-30 | 26.52% | +2.75 pp |
| Q1 2025 | 2025-03-31 | 21.22% | +0.07 pp |
| Q4 2024 | 2024-12-31 | 23.81% | +3.92 pp |
| Q3 2024 | 2024-09-30 | 32.41% | +3.71 pp |
| Q2 2024 | 2024-06-30 | 23.77% | +2.48 pp |
| Q1 2024 | 2024-03-31 | 21.15% | +9.00 pp |
| Q4 2023 | 2023-12-31 | 19.89% | +22.17 pp |
| Q3 2023 | 2023-09-30 | 28.70% | +28.62 pp |
| Q2 2023 | 2023-06-30 | 21.30% | +39.42 pp |
| Q1 2023 | 2023-03-31 | 12.15% | +106.66 pp |
| Q4 2022 | 2022-12-31 | −2.27% | +92.02 pp |
| Q3 2022 | 2022-09-30 | 0.08% | +337.04 pp |
| Q2 2022 | 2022-06-30 | −18.13% | +9845.47 pp |
| Q1 2022 | 2022-03-31 | −94.51% | +12404.13 pp |
| Q4 2021 | 2021-12-31 | −94.29% | +3655.53 pp |
| Q3 2021 | 2021-09-30 | −336.96% | +4883.89 pp |
| Q2 2021 | 2021-06-30 | −9,863.60% | −7405.34 pp |
| Q1 2021 | 2021-03-31 | −12,498.65% | −12368.01 pp |
| Q4 2020 | 2020-12-31 | −3,749.83% | −3774.43 pp |
| Q3 2020 | 2020-09-30 | −5,220.85% | −5255.75 pp |
| Q2 2020 | 2020-06-30 | −2,458.26% | −2486.20 pp |
| Q1 2020 | 2020-03-31 | −130.64% | −154.00 pp |
| Q4 2019 | 2019-12-31 | 24.60% | −1.29 pp |
| Q3 2019 | 2019-09-30 | 34.90% | −2.44 pp |
| Q2 2019 | 2019-06-30 | 27.94% | −0.50 pp |
| Q1 2019 | 2019-03-31 | 23.37% | +0.05 pp |
| Q4 2018 | 2018-12-31 | 25.89% | +0.33 pp |
| Q3 2018 | 2018-09-30 | 37.34% | +0.33 pp |
| Q2 2018 | 2018-06-30 | 28.44% | −1.19 pp |
| Q1 2018 | 2018-03-31 | 23.32% | +2.35 pp |
| Q4 2017 | 2017-12-31 | 25.56% | +0.83 pp |
| Q3 2017 | 2017-09-30 | 37.01% | +1.64 pp |
| Q2 2017 | 2017-06-30 | 29.63% | +1.68 pp |
| Q1 2017 | 2017-03-31 | 20.97% | −0.93 pp |
| Q4 2016 | 2016-12-31 | 24.74% | +0.68 pp |
| Q3 2016 | 2016-09-30 | 35.37% | +2.95 pp |
| Q2 2016 | 2016-06-30 | 27.94% | −1.72 pp |
| Q1 2016 | 2016-03-31 | 21.90% | +4.32 pp |
| Q4 2015 | 2015-12-31 | 24.05% | +4.49 pp |
| Q3 2015 | 2015-09-30 | 32.42% | −0.50 pp |
| Q2 2015 | 2015-06-30 | 29.66% | +1.98 pp |
| Q1 2015 | 2015-03-31 | 17.57% | −3.93 pp |
| Q4 2014 | 2014-12-31 | 19.57% | −3.94 pp |
| Q3 2014 | 2014-09-30 | 32.92% | −0.19 pp |
| Q2 2014 | 2014-06-30 | 27.69% | +4.53 pp |
| Q1 2014 | 2014-03-31 | 21.50% | +5.12 pp |
| Q4 2013 | 2013-12-31 | 23.50% | +0.04 pp |
| Q3 2013 | 2013-09-30 | 33.11% | +0.11 pp |
| Q2 2013 | 2013-06-30 | 23.16% | +0.24 pp |
| Q1 2013 | 2013-03-31 | 16.39% | −2.80 pp |
| Q4 2012 | 2012-12-31 | 23.46% | — |
| Q3 2012 | 2012-09-30 | 33.00% | — |
| Q2 2012 | 2012-06-30 | 22.92% | — |
| Q1 2012 | 2012-03-31 | 19.19% | — |
Norwegian Cruise Line Holdings ebitda margin trends
Over the last five fiscal years, Norwegian Cruise Line Holdings's ebitda margin increased from −214.43% to 27.71%, a change of +242.14 percentage points. The latest reported quarter, Q2 2026, shows 24.03%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Norwegian Cruise Line Holdings source filings ↗