Latest period
$3.17B
YoY change
+169.2%
5Y CAGR
+28.1%
Peak year (2025)
$3.26B
Cumulative CapEx
$25.46B
CapEx history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: $3.26B
CapEx growth chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: +169.2%
CapEx history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| 2025 | $3.26B | +169.2% | +$2.05B | ||
| 2024 | $1.21B | -56.0% | −$1.54B | ||
| 2023 | $2.75B | +54.2% | +$966.50M | ||
| 2022 | $1.78B | +136.9% | +$1.03B | ||
| 2021 | $752.84M | -20.5% | −$193.70M | ||
| 2020 | $946.54M | -42.2% | −$690.63M | ||
| 2019 | $1.64B | +4.5% | +$70.37M | ||
| 2018 | $1.57B | +14.2% | +$194.58M | ||
| 2017 | $1.37B | +25.7% | +$280.12M | ||
| 2016 | $1.09B | -2.9% | −$33.18M | ||
| 2015 | $1.13B | +7.0% | +$73.30M | ||
| 2014 | $1.05B | +17.6% | +$157.12M | ||
| 2013 | $894.85M | +194.5% | +$591.01M | ||
| 2012 | $303.84M | +64.4% | +$119.04M | ||
| 2011 | $184.80M | -81.1% | −$792.67M | ||
| 2010 | $977.47M | +504.0% | +$815.63M | ||
| 2009 | $161.84M | -1.1% | −$1.77M | ||
| 2008 | $163.61M | -71.9% | −$419.23M | ||
| 2007 | $582.84M | -28.0% | −$226.57M | ||
| 2006 | $809.40M | +23.3% | +$152.75M | ||
| 2005 | $656.66M | -11.4% | −$84.18M | ||
| 2004 | $740.84M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's current CapEx (TTM) is $3.17B. 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 .
The 2025 reading of Norwegian Cruise Line (NCLH) CapEx is $3.26B – surged 169.2% year-over-year.
Through 2020–2025 (5 years), Norwegian Cruise Line CapEx delivered a +28.1% annualised rate; with mixed annual results across the window.
The record annual CapEx stands at $3.26B, reached in 2025; the historical low of $161.84M was recorded in 2009.
Norwegian Cruise Line Capital Expenditures by Year
Norwegian Cruise Line Capital Expenditures 2025: $3.26B
In 2025, Norwegian Cruise Line reported CapEx of $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 CapEx in 2024 was $1.21B, plunged 56.0% below 2023.
Norwegian Cruise Line Capital Expenditures 2023: $2.75B
2023's CapEx for Norwegian Cruise Line came in at $2.75B, surged 54.2% from 2022.
Norwegian Cruise Line Capital Expenditures 2022: $1.78B
Norwegian Cruise Line posted CapEx of $1.78B in 2022, surged 136.9% from 2021.
Norwegian Cruise Line Capital Expenditures 2021: $752.84M
Norwegian Cruise Line CapEx in 2021 was $752.84M.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers by CapEx
Consumer Cyclical peers of Norwegian Cruise Line (NCLH), ranked by their latest CapEx
| $131.82B | |
| $18.33B | |
| $8.53B | |
| $3.68B | |
| $3.37B | |
| $2.21B | |
| $1.96B | |
| $322.00M |
- $131.82B
- $18.33B
- $8.53B
- $3.68B
- $3.37B
- $2.21B
- $1.96B
- $322.00M
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Norwegian Cruise Line (NCLH) Key Financials
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