EBITDA for Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's current EBITDA (TTM) is $2.35B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$2.35B
YoY change
+9.8%
5Y CAGR
N/A
Peak year (2025)
$2.74B
Cumulative EBITDA
$13.50B
EBITDA history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
EBITDA history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $2.74B | +9.8% | ||
| 2024 | $2.49B | +40.6% | ||
| 2023 | $1.77B | -366.7% | ||
| 2022 | -$665.14M | -60.2% | ||
| 2021 | -$1.67B | -39.9% | ||
| 2020 | -$2.78B | -253.3% | ||
| 2019 | $1.81B | +0.6% | ||
| 2018 | $1.80B | +15.0% | ||
| 2017 | $1.57B | +14.4% | ||
| 2016 | $1.37B | +23.9% | ||
| 2015 | $1.11B | +38.8% | ||
| 2014 | $796.97M | +24.1% | ||
| 2013 | $642.40M | +11.8% | ||
| 2012 | $574.62M | +8.8% | ||
| 2011 | $528.13M | +44.1% | ||
| 2010 | $366.58M | +4.1% | ||
| 2009 | $352.28M | +241.6% | ||
| 2008 | $103.13M | +6.9% | ||
| 2007 | $96.45M | -22.6% | ||
| 2006 | $124.68M | -40.7% | ||
| 2005 | $210.34M | +38.2% | ||
| 2004 | $152.19M | — |
EBITDA values are taken from Norwegian Cruise Line's reported income 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
In 2025, Norwegian Cruise Line (NCLH) EBITDA totalled $2.74B – grew 9.8% year-over-year.
Looking at the 2015–2025 (10 years) stretch, Norwegian Cruise Line EBITDA compounded at +9.5% per year, sustaining 5 straight years of year-over-year growth.
$2.74B stands as the all-time-high annual EBITDA, posted in 2025, against a low of -$2.78B during 2020.
Among 8 Consumer Cyclical peers, Norwegian Cruise Line (NCLH) ranks 9th; the peer median for EBITDA is $19.46B.
Norwegian Cruise Line EBITDA by Year
Norwegian Cruise Line EBITDA 2025: $2.74B
Norwegian Cruise Line EBITDA in 2025 was $2.74B, grew 9.8% from 2024. This figure represents the highest annual value in the available history.
Norwegian Cruise Line EBITDA 2024: $2.49B
Norwegian Cruise Line EBITDA in 2024 was $2.49B, surged 40.6% from 2023.
Norwegian Cruise Line EBITDA 2023: $1.77B
Norwegian Cruise Line EBITDA in 2023 was $1.77B, plunged 366.7% below 2022.
Norwegian Cruise Line EBITDA 2022: -$665.14M
Norwegian Cruise Line EBITDA in 2022 was -$665.14M, plunged 60.2% below 2021.
Norwegian Cruise Line EBITDA 2021: -$1.67B
Norwegian Cruise Line EBITDA in 2021 was -$1.67B.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers — EBITDA
Companies in the same sector as Norwegian Cruise Line, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $182.67B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $165.34B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $24.29B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $14.64B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $11.76B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.22B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $8.55B | Consumer Cyclical |
Frequently asked questions
What is Norwegian Cruise Line's EBITDA?
- Latest reported EBITDA for Norwegian Cruise Line (NCLH) is $2.35B (period ending December 31, 2025).
How has Norwegian Cruise Line EBITDA changed year-over-year?
- Norwegian Cruise Line (NCLH) EBITDA changed +9.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Norwegian Cruise Line EBITDA?
- Norwegian Cruise Line (NCLH) EBITDA compound annual growth rate is +9.5% over the most recent 10 years available.
When did Norwegian Cruise Line EBITDA hit its highest annual value?
- Norwegian Cruise Line EBITDA reached its highest annual value of $2.74B in 2025.
What was Norwegian Cruise Line EBITDA in 2024?
- Norwegian Cruise Line (NCLH) EBITDA in 2024 was $2.49B.
What was Norwegian Cruise Line EBITDA in 2025?
- Norwegian Cruise Line (NCLH) EBITDA in 2025 was $2.74B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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