TTM
43.0%
YoY change
−8.02pp
Trough year (2021)
-148.2%
Peak year (2018)
44.2%
Latest annual
32.0%
Gross Margin history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: 32.0%
Gross Margin change chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: −8.02pp
Gross Margin history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| 2025 | 32.0% | -8.02pp | ||
| 2024 | 40.0% | +3.95pp | ||
| 2023 | 36.0% | +24.13pp | ||
| 2022 | 11.9% | +160.06pp | ||
| 2021 | -148.2% | -115.88pp | ||
| 2020 | -32.3% | -75.59pp | ||
| 2019 | 43.3% | -0.91pp | ||
| 2018 | 44.2% | +1.00pp | ||
| 2017 | 43.2% | +1.70pp | ||
| 2016 | 41.5% | +2.64pp | ||
| 2015 | 38.9% | +1.16pp | ||
| 2014 | 37.7% | +2.22pp | ||
| 2013 | 35.5% | +0.46pp | ||
| 2012 | 35.0% | +1.19pp | ||
| 2011 | 33.9% | +0.82pp | ||
| 2010 | 33.0% | +2.55pp | ||
| 2009 | 30.5% | +5.43pp | ||
| 2008 | 25.1% | +2.98pp | ||
| 2007 | 22.1% | +1.39pp | ||
| 2006 | 20.7% | -4.41pp | ||
| 2005 | 25.1% | -1.56pp | ||
| 2004 | 26.7% | — |
- 202532.0%-8.02pp
- 202440.0%+3.95pp
- 202336.0%+24.13pp
- 202211.9%+160.06pp
- 2021-148.2%-115.88pp
- 2020-32.3%-75.59pp
- 201943.3%-0.91pp
- 201844.2%+1.00pp
- 201743.2%+1.70pp
- 201641.5%+2.64pp
- 201538.9%+1.16pp
- 201437.7%+2.22pp
- 201335.5%+0.46pp
- 201235.0%+1.19pp
- 201133.9%+0.82pp
- 201033.0%+2.55pp
- 200930.5%+5.43pp
- 200825.1%+2.98pp
- 200722.1%+1.39pp
- 200620.7%-4.41pp
- 200525.1%-1.56pp
- 200426.7%—
Gross 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 Gross Margin at Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's latest reported gross margin is 43.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Norwegian Cruise Line (NCLH) came in at 31.97% – contracted 8.0 percentage points year-over-year.
The highest annual gross margin of 44.23% was reported in 2018. The lowest in the available history was -148.16% in 2021.
Norwegian Cruise Line Gross Margin by Year
Norwegian Cruise Line Gross Margin 2025: 32.0%
In 2025, Norwegian Cruise Line reported gross margin of 31.97%, contracted 8.0 percentage points from 2024.
Norwegian Cruise Line Gross Margin 2024: 40.0%
Norwegian Cruise Line gross margin in 2024 was 39.99%, expanded 4.0 percentage points from 2023.
Norwegian Cruise Line Gross Margin 2023: 36.0%
2023's gross margin for Norwegian Cruise Line came in at 36.04%, expanded 24.1 percentage points from 2022.
Norwegian Cruise Line Gross Margin 2022: 11.9%
Norwegian Cruise Line posted gross margin of 11.91% in 2022, expanded 160.1 percentage points from 2021.
Norwegian Cruise Line Gross Margin 2021: -148.2%
Norwegian Cruise Line gross margin in 2021 was -148.16%.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers by Gross Margin
Consumer Cyclical peers of Norwegian Cruise Line (NCLH), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
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