NCLH Q4 2025 Earnings — Norwegian Cruise Line Holdings Ltd. Revenue & Financial Results | Market Cap Arena

NCLHNorwegian Cruise Line Holdings Ltd.

$9B

Q4 2025 Earnings

Consumer Cyclical Travel Services

Income Statement

Revenue

$2.2B+6.4% YoY

Gross Profit

$921M41.0% margin

Operating Income

$187M8.3% margin

Net Income

$14M0.6% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-23.6%

Cash Flow

Operating Cash Flow

$459M

Free Cash Flow

$21M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$22.5B

Total Liabilities

$20.3B

Stockholders' Equity

$2.2B

Cash & Equivalents

$210M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$2.1B	+6.4%
Gross Profit	$921M	$802M	+14.9%
Operating Income	$187M	$215M	-13.1%
Net Income	$14M	$255M	-94.4%

Revenue Segments

Passenger ticket

$1.5B67%

Onboard and other

$734M33%

Geographic Segments

North America

$1.4B65%

Europe

$512M23%

Asia Pacific

$233M10%

Other Country

$50M2%