TTM
23.7%
YoY change
+1.56pp
Trough year (2021)
-257.7%
Peak year (2018)
29.8%
Latest annual
27.9%
EBITDA Margin history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: 27.9%
EBITDA Margin change chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: +1.56pp
EBITDA Margin history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| 2025 | 27.9% | +1.56pp | ||
| 2024 | 26.3% | +5.56pp | ||
| 2023 | 20.7% | +34.48pp | ||
| 2022 | -13.7% | +243.96pp | ||
| 2021 | -257.7% | -40.63pp | ||
| 2020 | -217.1% | -245.11pp | ||
| 2019 | 28.1% | -1.72pp | ||
| 2018 | 29.8% | +0.73pp | ||
| 2017 | 29.0% | +0.93pp | ||
| 2016 | 28.1% | +2.66pp | ||
| 2015 | 25.5% | -0.04pp | ||
| 2014 | 25.5% | +0.50pp | ||
| 2013 | 25.0% | -0.25pp | ||
| 2012 | 25.2% | +1.45pp | ||
| 2011 | 23.8% | +5.58pp | ||
| 2010 | 18.2% | -0.77pp | ||
| 2009 | 19.0% | +14.09pp | ||
| 2008 | 4.9% | +0.46pp | ||
| 2007 | 4.4% | -1.87pp | ||
| 2006 | 6.3% | -6.71pp | ||
| 2005 | 13.0% | +1.64pp | ||
| 2004 | 11.4% | — |
- 202527.9%+1.56pp
- 202426.3%+5.56pp
- 202320.7%+34.48pp
- 2022-13.7%+243.96pp
- 2021-257.7%-40.63pp
- 2020-217.1%-245.11pp
- 201928.1%-1.72pp
- 201829.8%+0.73pp
- 201729.0%+0.93pp
- 201628.1%+2.66pp
- 201525.5%-0.04pp
- 201425.5%+0.50pp
- 201325.0%-0.25pp
- 201225.2%+1.45pp
- 201123.8%+5.58pp
- 201018.2%-0.77pp
- 200919.0%+14.09pp
- 20084.9%+0.46pp
- 20074.4%-1.87pp
- 20066.3%-6.71pp
- 200513.0%+1.64pp
- 200411.4%—
EBITDA Margin values are taken from Norwegian Cruise Line's reported income 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 EBITDA Margin at Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's latest reported EBITDA margin is 23.7%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Norwegian Cruise Line (NCLH) reported EBITDA margin of 27.87% – expanded 1.6 percentage points year-over-year.
Across the available history, EBITDA margin reached its high of 29.77% in 2018 and its low of -257.69% in 2021.
Norwegian Cruise Line EBITDA Margin by Year
Norwegian Cruise Line EBITDA Margin 2025: 27.9%
Norwegian Cruise Line posted EBITDA margin of 27.87% in 2025, expanded 1.6 percentage points from 2024.
Norwegian Cruise Line EBITDA Margin 2024: 26.3%
In 2024, Norwegian Cruise Line reported EBITDA margin of 26.31%, expanded 5.6 percentage points from 2023.
Norwegian Cruise Line EBITDA Margin 2023: 20.7%
Norwegian Cruise Line EBITDA margin in 2023 was 20.75%, expanded 34.5 percentage points from 2022.
Norwegian Cruise Line EBITDA Margin 2022: -13.7%
2022's EBITDA margin for Norwegian Cruise Line came in at -13.73%, expanded 244.0 percentage points from 2021.
Norwegian Cruise Line EBITDA Margin 2021: -257.7%
Norwegian Cruise Line EBITDA margin in 2021 was -257.69%.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers by EBITDA Margin
Consumer Cyclical peers of Norwegian Cruise Line (NCLH), ranked by their latest EBITDA margin
| 54.4% | |
| 34.4% | |
| 30.3% | |
| 23.1% | |
| 14.1% | |
| 14.0% | |
| 13.9% | |
| 10.7% |
- 54.4%
- 30.3%
- 23.1%
- 14.1%
- 14.0%
- 13.9%
- 10.7%
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