TTM
15.9%
YoY change
+0.74pp
Trough year (2021)
-393.9%
Peak year (2018)
20.1%
Latest annual
16.2%
Operating Margin history chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: 16.2%
Operating Margin change chart for Norwegian Cruise Line (NCLH) from 2004 to 2025
Latest: +0.74pp
Operating Margin history table for Norwegian Cruise Line (NCLH) from 2004 to 2025
| 2025 | 16.2% | +0.74pp | ||
| 2024 | 15.5% | +4.58pp | ||
| 2023 | 10.9% | +42.92pp | ||
| 2022 | -32.0% | +361.85pp | ||
| 2021 | -393.9% | -121.67pp | ||
| 2020 | -272.2% | -290.45pp | ||
| 2019 | 18.2% | -1.90pp | ||
| 2018 | 20.1% | +0.70pp | ||
| 2017 | 19.4% | +0.45pp | ||
| 2016 | 19.0% | +2.82pp | ||
| 2015 | 16.2% | +0.08pp | ||
| 2014 | 16.1% | +0.69pp | ||
| 2013 | 15.4% | -0.29pp | ||
| 2012 | 15.7% | +1.44pp | ||
| 2011 | 14.2% | +2.80pp | ||
| 2010 | 11.4% | +2.21pp | ||
| 2009 | 9.2% | +12.24pp | ||
| 2008 | -3.0% | -4.95pp | ||
| 2007 | 1.9% | +0.29pp | ||
| 2006 | 1.6% | -2.88pp | ||
| 2005 | 4.5% | +0.78pp | ||
| 2004 | 3.8% | — |
- 202516.2%+0.74pp
- 202415.5%+4.58pp
- 202310.9%+42.92pp
- 2022-32.0%+361.85pp
- 2021-393.9%-121.67pp
- 2020-272.2%-290.45pp
- 201918.2%-1.90pp
- 201820.1%+0.70pp
- 201719.4%+0.45pp
- 201619.0%+2.82pp
- 201516.2%+0.08pp
- 201416.1%+0.69pp
- 201315.4%-0.29pp
- 201215.7%+1.44pp
- 201114.2%+2.80pp
- 201011.4%+2.21pp
- 20099.2%+12.24pp
- 2008-3.0%-4.95pp
- 20071.9%+0.29pp
- 20061.6%-2.88pp
- 20054.5%+0.78pp
- 20043.8%—
Operating 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 Operating Margin at Norwegian Cruise Line (NCLH)
According to Norwegian Cruise Line's latest reported financial statements, the company's latest reported operating margin is 15.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Norwegian Cruise Line (NCLH) operating margin is 16.21% – expanded 0.7 percentage points year-over-year.
The record annual operating margin stands at 20.13%, reached in 2018; the historical low of -393.89% was recorded in 2021.
Norwegian Cruise Line Operating Margin by Year
Norwegian Cruise Line Operating Margin 2025: 16.2%
Norwegian Cruise Line operating margin in 2025 was 16.21%, expanded 0.7 percentage points from 2024.
Norwegian Cruise Line Operating Margin 2024: 15.5%
2024's operating margin for Norwegian Cruise Line came in at 15.46%, expanded 4.6 percentage points from 2023.
Norwegian Cruise Line Operating Margin 2023: 10.9%
Norwegian Cruise Line posted operating margin of 10.89% in 2023, expanded 42.9 percentage points from 2022.
Norwegian Cruise Line Operating Margin 2022: -32.0%
In 2022, Norwegian Cruise Line reported operating margin of -32.04%, expanded 361.9 percentage points from 2021.
Norwegian Cruise Line Operating Margin 2021: -393.9%
Norwegian Cruise Line operating margin in 2021 was -393.89%.
See more financial history for Norwegian Cruise Line (NCLH).
Sector peers by Operating Margin
Consumer Cyclical peers of Norwegian Cruise Line (NCLH), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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