Norwegian Cruise Line Holdings Ltd. (NCLH) EBITDA Margin: 38.71%
Is Norwegian Cruise Line Holdings Ltd.’s EBITDA margin high or low?
Norwegian Cruise Line Holdings Ltd.'s EBITDA margin of 38.71% is 158% above its 5-year average of -67.12%, near the high end of its 5-year range (-257.69%–38.71%).
As of Sunday, June 21, 2026. 19.07% above its 12-month average of 32.51%.
NCLH EBITDA Margin Chart
NCLH Average EBITDA Margin Chart
NCLH Current vs Average EBITDA Margin Chart
NCLH EBITDA Margin Metrics
EBITDA MARGIN
38.71%
EBITDA MARGIN AVG TTM
32.51%
EBITDA MARGIN AVG 3Y
18.01%
EBITDA MARGIN AVG 5Y
-67.12%
EBITDA MARGIN AVG 10Y
-23.84%
EBITDA MARGIN AVG 15Y
26.46%
EBITDA MARGIN AVG 20Y
19.89%
CURRENT VS TTM AVG
+19.07%
CURRENT VS 3Y AVG
+114.94%
CURRENT VS 5Y AVG
+157.67%
CURRENT VS 10Y AVG
+262.35%
CURRENT VS 15Y AVG
+46.31%
CURRENT VS 20Y AVG
+94.64%
NCLH Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norwegian Cruise Line Holdings Ltd. (NCLH) | $9.38B | 38.71% | 32.51% | 18.01% | -67.12% |
| The Gap, Inc. (GPS)vs › | $9.21B | 3.23% | 7.33% | 7.42% | 6.27% |
| GameStop Corp. (GME)vs › | $9.66B | 11.12% | 5.85% | 2.01% | -0.02% |
| CAVA Group, Inc. (CAVA)vs › | $10.39B | 12.25% | 12.42% | 10.15% | 8.60% |
| Domino's Pizza, Inc. (DPZ)vs › | $10.39B | 21.46% | 21.41% | 20.59% | 20.33% |
| Wynn Resorts, Limited (WYNN)vs › | $10.95B | 24.66% | 26.30% | 24.03% | 13.57% |
| The Gap, Inc. (GAP)vs › | $7.61B | 10.74% | 11.09% | 8.29% | 6.03% |
| Chewy, Inc. (CHWY)vs › | $7.54B | 3.15% | 2.72% | 2.30% | 1.61% |
| Wayfair Inc. (W)vs › | $11.68B | 0.66% | 0.05% | -2.48% | -0.63% |
| Etsy, Inc. (ETSY)vs › | $7.02B | 12.73% | 15.85% | 6.18% | 12.59% |
Margin Comparison
Gross Margin
43.0%
EBITDA Margin
38.7%
Operating Margin
15.9%
Net Margin
5.7%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Norwegian Cruise Line Holdings Ltd. EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Norwegian Cruise Line Holdings Ltd. EBITDA Margin FAQ
- What is the EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The EBITDA margin for NCLH stock is 38.71%.
- Is Norwegian Cruise Line Holdings Ltd.'s EBITDA margin high or low?
- Norwegian Cruise Line Holdings Ltd.'s EBITDA margin of 38.71% is 158% above its 5-year average of -67.12%, near the high end of its 5-year range (-257.69%–38.71%).
- What is the TTM average EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The TTM average EBITDA margin for NCLH stock is 32.51%.
- What is the 3Y average EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The 3Y average EBITDA margin for NCLH stock is 18.01%.
- What is the 5Y average EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The 5Y average EBITDA margin for NCLH stock is -67.12%.
- What is the 10Y average EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The 10Y average EBITDA margin for NCLH stock is -23.84%.
- What is the 15Y average EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The 15Y average EBITDA margin for NCLH stock is 26.46%.
- What is the 20Y average EBITDA margin for Norwegian Cruise Line Holdings Ltd. (NCLH)?
- The 20Y average EBITDA margin for NCLH stock is 19.89%.
Norwegian Cruise Line Holdings Ltd. EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 38.71% |
| 2024-12-31 | 26.31% |
| 2023-12-31 | 20.75% |
| 2022-12-31 | -13.73% |
| 2021-12-31 | -257.69% |
| 2020-12-31 | -217.06% |
| 2019-12-31 | 28.05% |
| 2018-12-31 | 29.77% |
| 2017-12-31 | 29.04% |
| 2016-12-31 | 28.11% |
| 2015-12-31 | 25.46% |
| 2014-12-31 | 25.50% |
| 2013-12-31 | 24.99% |
| 2012-12-31 | 25.24% |
| 2011-12-31 | 23.80% |
| 2010-12-31 | 18.22% |
| 2009-12-31 | 18.99% |
| 2008-12-31 | 4.90% |
| 2007-12-31 | 4.44% |
| 2006-12-31 | 6.31% |
| 2005-12-31 | 13.02% |
| 2004-12-31 | 11.37% |
Related Metrics
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a comprehensive list of destinations worldwide, including Scandinavia, Russia, the Mediterranean, and the Greek Isles; the Alaskan wilderness, Canada and New England; Hawaii, Asia, Tahiti, and the South Pacific; Australia and New Zealand; Africa, India, and South America; as well as the Panama Canal and the Caribbean. As of December 31, 2021, the company commanded a fleet of 28 ships, providing approximately 59,150 berths for guests. Its travel products are distributed through multiple channels, including independent retail/travel advisors, direct sales onboard its ships, and specialized services for meetings, incentives, and private charters. Founded in 1966, Norwegian Cruise Line Holdings Ltd. maintains its corporate headquarters in Miami, Florida.
- Sector
- Consumer Cyclical
- Industry
- Travel Services
- CEO
- John W. Chidsey