Norwegian Cruise Line Holdings Ltd. (NCLH) Stock Price & Analysis
Norwegian Cruise Line Holdings Ltd. (NCLH) closed at USD 15.54 on Thursday, October 22, 2026, down 0.32% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 15.59; the Oct 22, 2026 session ranged USD 15.23–15.8 on volume of 15,032,942 shares. Market capitalization is $7.14B, with a 52-week range of USD 13.63–25.13 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NCLH.md
Key facts (NCLH)
- Last four reported quarters (through Jun 30, 2026): revenue $10.2B, net income $761M (7.5% margin), free cash flow -$1.19B (SEC filings).
- 3 of 80 tracked superinvestors hold NCLH (13F, Q2 2026): 0 new, 3 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -33.8% vs S&P 500 +14.9%; 5Y -39.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.94, revenue estimate $2.88B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NCLH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $648M | $4.84B | $8.55B | $9.48B | $9.83B | $10.2B |
| Gross profit | -$960M | $577M | $3.08B | $3.79B | $4.19B | — |
| Operating income | -$2.55B | -$1.55B | $931M | $1.47B | $1.56B | $1.53B |
| Net income | -$4.51B | -$2.27B | $166M | $910M | $423M | $761M |
| EPS (diluted) | -$12.33 | -$5.41 | $0.39 | $1.89 | $0.92 | — |
| Free cash flow | -$3.22B | -$1.57B | -$745M | $839M | -$1.17B | -$1.19B |
| Gross margin | -148.2% | 11.9% | 36.0% | 40.0% | 42.6% | — |
| Operating margin | -393.9% | -32.0% | 10.9% | 15.5% | 15.9% | 15.1% |
| Net margin | -695.5% | -46.9% | 1.9% | 9.6% | 4.3% | 7.5% |
| Revenue growth | -49.4% | +647.5% | +76.5% | +10.9% | +3.7% | — |
| Cash + short-term investments | $1.75B | — | — | $191M | $210M | — |
| Total debt | $12.6B | $13.9B | $14.4B | $13.4B | $15.0B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NCLH)
P/E at fiscal year-ends: Dec 2025 25.2x, Dec 2024 14.6x, Dec 2023 51.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (NCLH)
3 of 80 tracked investors hold NCLH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Samantha McLemore | Patient Capital Management | 4.23% | $127M | Added +4.9% |
| John Rogers | Ariel Investments | 3.25% | $326M | Added +5.3% |
| Seth Klarman | Baupost Group | 3.01% | $163M | Added +113.0% |
Analysts (NCLH)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | TD Cowen | Target lowered | Buy | $24 → $20 |
| 2026-10-20 | Susquehanna | Target lowered | Neutral | $17 → $16 |
| 2026-10-12 | Wells Fargo | Target lowered | Overweight | $20 → $18 |
| 2026-10-02 | Citigroup | Target lowered | Buy | $22 → $19 |
| 2026-09-24 | Truist Securities | Target lowered | Hold | $20 → $16 |
| 2026-09-24 | JP Morgan | Target lowered | Neutral | $17 → $13 |
| 2026-09-04 | Wells Fargo | Target lowered | Overweight | $22 → $20 |
| 2026-08-18 | UBS | Target raised | Neutral | $17 → $20 |
| 2026-08-18 | Mizuho | Downgrade | Outperform → Neutral | $22 → $17 |
| 2026-07-31 | Citigroup | Target lowered | Buy | $25 → $22 |
| 2026-07-31 | Mizuho | Target lowered | Outperform | $24 → $22 |
| 2026-07-31 | Wells Fargo | Target lowered | Overweight | $25 → $22 |
Total return (dividends reinvested) (NCLH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -33.8% | -39.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -33.9% | -9.4% |
| Volatility (annualized) | 54.7% | 54.1% |
| Max drawdown | -43.6% (Feb 2026→Sep 2026) | -60.8% (Nov 2021→Jun 2022) |
Companies that name NCLH in their SEC reports
| Relationship to NCLH | Company | Filing | Sentence |
|---|---|---|---|
| partner | PENN Entertainment, Inc. (PENN) | 10-K Feb 26, 2026 | “We seek to grow our customer database and PENN Play loyalty program through our iCasino and OSB businesses, the development of new properties, the expansion of existing properties and other business lines, and through partnerships with third-party partners, such as Shake Shack Inc., Ticketmaster Entertainment, LLC, Norwegian Cruise Line Holdings Ltd., Live Nation Entertainment, Inc., and Choice Hotels Internationa…” |
NCLH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.94 | $0.90 | +4.3% | $2.88B | 20 |
| Next quarter (ends Dec 2026) | $-0.10 | $0.13 | -180.7% | $2.20B | 20 |
| Current fiscal year (ends Dec 2026) | $1.55 | $1.67 | -7.2% | $10.06B | 26 |
| Next fiscal year (ends Dec 2027) | $1.49 | $2.00 | -25.6% | $10.55B | 26 |
NCLH options: expected move
Options price a move of about ±9.2% (±$1.44) by Oct 30, 2026, which includes earnings on Oct 29, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 78.1% | ±9.2% |
| Nov 6, 2026 | 14 | 72.5% | ±11.7% |
| Nov 13, 2026 | 21 | 64.6% | ±13.1% |
| Nov 20, 2026 | 28 | 60.0% | ±13.5% |
| Nov 27, 2026 | 35 | 53.6% | ±13.8% |
| Dec 4, 2026 | 42 | 79.5% | ±22.9% |
| Dec 18, 2026 | 56 | 52.4% | ±16.9% |
| Jan 15, 2027 | 84 | 51.1% | ±19.6% |
30-day implied volatility 57.5% vs 33.8% realized over the last 30 trading days. Put/call ratio (volume) 1.39. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 15.54 |
|---|---|
| Change | ▼ 0.32% (down) |
| Previous Close | USD 15.59 |
| Open | USD 15.31 |
| Day Range | USD 15.23 – 15.8 |
| 52-Week Range | USD 13.63 – 25.13 |
| Volume | 15,032,942 shares |
| Market Cap | $7.14B |
| Exchange | NYQ |
Technical Analysis (NCLH)
Nexqual's technical model rates NCLH "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 53.25 (neutral) |
| vs SMA50 | Below (USD 15.6) |
| MACD | 0.02 (positive) |
Earnings (NCLH)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.94 |
| Revenue Estimate | $2.88B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.48 vs est 0.39 ▲ beat |
| 2026-03-31 | USD 0.23 vs est 0.14 ▲ beat |
| 2025-12-31 | USD 0.28 vs est 0.27 ▲ beat |
| 2025-09-30 | USD 1.2 vs est 1.16 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (NCLH)
| Total Revenue | $10.15B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.90% |
| Gross Margin | +42.46% |
| Operating Margin | +14.04% |
| Profit Margin | +7.49% |
| ROE | +36.73% |
| Debt / Equity | 6.21 |
| Current Ratio | 0.2 |
| Total Cash | $218.10M |
| Total Debt | $15.98B |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Ownership (NCLH)
| Insider Ownership | +0.85% |
|---|---|
| Institutional Ownership | +104.63% |
| Shares Outstanding | 459.19M |
| Float | 455.35M |
| Short % of Float | +23.89% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MMYT | MakeMyTrip Limited | USD 45.34 | ▲ 2.35% |
| TNL | Travel Leisure Co. | USD 67.32 | ▲ 0.21% |
| LIND | Lindblad Expeditions Holdings I | USD 35.25 | ▼ 2.6% |
| TCOM | Trip.com Group Limited | USD 39.57 | ▲ 0.66% |
| PRSU | Pursuit Attractions and Hospita | USD 56.29 | ▲ 0.48% |
| EXPE | Expedia Group, Inc. | USD 298.49 | ▲ 4.5% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt