Why did Norwegian Cruise Line Holdings (NCLH) stock move recently?

On 9/1/2026, Norwegian Cruise Line Holdings moved -4.4% — NCLH fell with other cruise stocks as rising crude oil prices (triggered by US-Iran hostilities) raised concerns over higher fuel costs for the operator. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Norwegian Cruise Line Holdings (NCLH) overvalued or fairly valued?

MarketChacha shows Norwegian Cruise Line Holdings's valuation in context — a trailing P/E of about 9.5, a forward P/E of about 9.2, a price-to-book of about 2.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Norwegian Cruise Line Holdings's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (4.10×) from reported figures — education, not a rating.

What is Norwegian Cruise Line Holdings's revenue?

Norwegian Cruise Line Holdings reported revenue of $9.8B for FY2025, with net profit of $423.2M, per official filings.

What is the share price of Norwegian Cruise Line Holdings (NCLH)?

Norwegian Cruise Line Holdings last traded at $15.60 (+0.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Norwegian Cruise Line Holdings

NCLH · NYSE · Consumer Discretionary · United States

Snapshot

TickerNCLH

ExchangeNYSE

SectorConsumer Discretionary

IndustryTravel Services

CountryUnited States

Employees44,500

HeadquartersMiami, United States

Websitewww.nclhltd.com

Filings tracked21

About Norwegian Cruise Line Holdings

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.

Who owns it

Insiders0.5%
Institutions99.5%
Public & other0.0%

868 institutional holders

Ownership breakdown from public market data.

Top holders

Vanguard Capital Management LLC6.53%
Blackrock Inc.6.39%
UBS Group AG5.08%
Goldman Sachs Group Inc4.12%
Vanguard Portfolio Management LLC4.07%
State Street Corporation3.70%
Barclays Plc3.64%
Ariel Investments, LLC3.36%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion4.10×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend1.9% → 4.3%

Margin has expanded by about 2.4 points — the business is getting more profitable.

Return on equity19.2%

Latest ROE of 19.2% — capital is generating a healthy return.

Growth qualityrev 7% · PAT 60%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.2B · EPS -0.08

Est. earnings growth -128.1%

Next fiscal year

Rev $10.6B · EPS 1.70

Est. earnings growth +10.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$9.8B

Net margin

4.3%

ROE

19.2%

Revenue CAGR (2y)

+7.2%

Profit CAGR (2y)

+59.6%

EPS (FY2025)

0.92

Net profit (FY2025)

$423.2M

Ask MarketChacha about NCLH

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
NCLH fell with other cruise stocks as rising crude oil prices (triggered by US-Iran hostilities) raised concerns over higher fuel costs for the operator.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$9.8B	$423.2M	0.92	4.3%	19.2%
FY2024	$9.5B	$910.3M	1.89	9.6%	63.9%
FY2023	$8.5B	$166.2M	0.39	1.9%	55.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$2.6B	$222.6M	0.48	8.4%
2026Q1	$2.3B	$104.7M	0.23	4.5%
2025Q3	$2.9B	$419.3M	0.86	14.3%
2025Q2	$2.5B	$30.0M	0.07	1.2%
2025Q1	$2.1B	$-40.3M	-0.09	-1.9%
2024Q3	$2.8B	$474.9M	0.95	16.9%
2024Q2	$2.4B	$163.4M	0.35	6.9%
2024Q1	$2.2B	$17.4M	0.04	0.8%
2023Q3	$2.5B	$345.9M	0.71	13.6%
2023Q2	$2.2B	$86.1M	0.20	3.9%
2023Q1	$1.8B	$-159.3M	-0.38	-8.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/3/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC6/16/2026material
8-K — Other events
SEC5/29/2026material
8-K — Results of operations, Exhibits
SEC5/4/2026material
10-Q filing
SEC5/4/2026
8-K — Executive/director change, Exhibits
SEC3/27/2026material
8-K — Material agreement, Executive/director change, Reg FD disclosure, Exhibits
SEC3/27/2026material
8-K — Other events
SEC3/16/2026material
8-K — Results of operations, Exhibits
SEC3/2/2026material
10-K filing
SEC3/2/2026
8-K — Results of operations, Executive/director change, Exhibits
SEC2/12/2026material

2025

8-K — Results of operations, Exhibits
SEC11/4/2025material
10-Q filing
SEC11/4/2025
8-K — Material agreement, Termination of agreement, Material financial obligation, Other events, Exhibits
SEC9/18/2025material
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Reg FD disclosure, Other events, Exhibits
SEC9/11/2025material
8-K — Other events, Exhibits
SEC9/8/2025material
8-K — Executive/director change, Reg FD disclosure
SEC8/20/2025material
10-Q filing
SEC8/4/2025
8-K — Results of operations, Exhibits
SEC7/31/2025material
8-K — Other events
SEC7/29/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.