Capital Expenditures for Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's current capital expenditures (TTM) is $3.26B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.26B
YoY change
+169.2%
5Y CAGR
+28.1%
Peak year (2025)
$3.26B
Cumulative capital expenditures
$24.03B
CapEx history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
CapEx history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.26B | +169.2% | ||
| 2024 | $1.21B | -56.0% | ||
| 2023 | $2.75B | +54.2% | ||
| 2022 | $1.78B | +136.9% | ||
| 2021 | $752.84M | -20.5% | ||
| 2020 | $946.54M | -42.2% | ||
| 2019 | $1.64B | +4.5% | ||
| 2018 | $1.57B | +14.2% | ||
| 2017 | $1.37B | +25.7% | ||
| 2016 | $1.09B | -2.9% | ||
| 2015 | $1.13B | +7.0% | ||
| 2014 | $1.05B | +17.6% | ||
| 2013 | $894.85M | +194.5% | ||
| 2012 | $303.84M | +64.4% | ||
| 2011 | $184.80M | -81.1% | ||
| 2010 | $977.47M | +504.0% | ||
| 2009 | $161.84M | -1.1% | ||
| 2008 | $163.61M | -71.9% | ||
| 2007 | $582.84M | -28.0% | ||
| 2006 | $809.40M | +23.3% | ||
| 2005 | $656.66M | -11.4% | ||
| 2004 | $740.84M | — |
CapEx values are taken from Norwegian Cruise Line's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Norwegian Cruise Line (NCLH) capital expenditures is $3.26B – surged 169.2% year-over-year.
Through 2020–2025 (5 years), Norwegian Cruise Line capital expenditures delivered a +28.1% annualised rate; with the latest reading among the more recent periods of the dataset.
The dataset's maximum capital expenditures sits at $3.26B (2025); the minimum reading of $161.84M dates to 2009.
Within Consumer Cyclical, Norwegian Cruise Line (NCLH) ranks 6th among 8 peers we track. The peer median for capital expenditures is $3.52B.
Norwegian Cruise Line Capital Expenditures by Year
Norwegian Cruise Line Capital Expenditures 2025: $3.26B
Norwegian Cruise Line capital expenditures in 2025 was $3.26B, surged 169.2% from 2024. This figure represents the highest annual value in the available history.
Norwegian Cruise Line Capital Expenditures 2024: $1.21B
Norwegian Cruise Line capital expenditures in 2024 was $1.21B, plunged 56.0% below 2023.
Norwegian Cruise Line Capital Expenditures 2023: $2.75B
Norwegian Cruise Line capital expenditures in 2023 was $2.75B, surged 54.2% from 2022.
Norwegian Cruise Line Capital Expenditures 2022: $1.78B
Norwegian Cruise Line capital expenditures in 2022 was $1.78B, surged 136.9% from 2021.
Norwegian Cruise Line Capital Expenditures 2021: $752.84M
Norwegian Cruise Line capital expenditures in 2021 was $752.84M.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers — CapEx
Companies in the same sector as Norwegian Cruise Line, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $86.66B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $3.37B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is Norwegian Cruise Line's capital expenditures?
- Latest reported capital expenditures for Norwegian Cruise Line (NCLH) is $3.26B (period ending December 31, 2025).
How has Norwegian Cruise Line capital expenditures changed year-over-year?
- Norwegian Cruise Line (NCLH) capital expenditures changed +169.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Norwegian Cruise Line capital expenditures?
- Norwegian Cruise Line (NCLH) capital expenditures compound annual growth rate is +28.1% over the most recent 5 years available.
When did Norwegian Cruise Line capital expenditures hit its highest annual value?
- Norwegian Cruise Line capital expenditures reached its highest annual value of $3.26B in 2025.
What was Norwegian Cruise Line capital expenditures in 2024?
- Norwegian Cruise Line (NCLH) capital expenditures in 2024 was $1.21B.
What was Norwegian Cruise Line capital expenditures in 2025?
- Norwegian Cruise Line (NCLH) capital expenditures in 2025 was $3.26B.
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