Norwegian Cruise Line Holdings (NCLH) FY2024 results: revenue $9.5 billion, up 10.9% on the year
Norwegian Cruise Line Holdings Ltd. (NCLH) reported revenue of $9.5 billion for fiscal 2024, the year ended 31 December 2024, up 10.9% on the year before. Net income was $910 million, up 447.8%, and diluted earnings per share $1.89. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$9.5 billion
+10.9% on the year
FY2017FY2024
Operating margin
15.5%
10.9% a year earlier
FY2017FY2024
Net income
$910 million
+447.8% on the year
FY2017FY2024
Diluted EPS
$1.89
+384.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,050
2,006
210
+2.2%
Capital expenditure
1,211
2,750
1,784
-56.0%
Free cash flow
839
-745
-1,574
Free cash flow margin
8.8%
-8.7%
-32.5%
Cash from investing
-1,229
-2,897
-1,756
Cash from financing
-1,032
347
986
Depreciation and amortisation
974
883
810
+10.2%
Share-based compensation
91.8
119
114
-22.8%
Diluted shares, weighted
515m
427m
420m
+20.5%
Shares outstanding at period end
440m
426m
421m
+3.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,425
301
68.6
+373.9%
Debt
13,100
14,059
13,622
-6.8%
Operating lease liabilities
789
645
588
+22.3%
Other liabilities
4,655
4,489
4,280
+3.7%
Total liabilities and equity
19,970
19,493
18,558
+2.4%
Fixed assets
16,811
16,433
14,516
+2.3%
Goodwill
136
98.1
98.1
+38.3%
Intangible assets
501
501
501
0.0%
Cash and equivalents
191
402
947
-52.6%
Receivables
221
280
326
-21.0%
Inventory
150
158
149
-5.0%
Other assets
1,961
1,621
2,021
+21.0%
Total assets
19,970
19,493
18,558
+2.4%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.