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Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 66,500). It operates 32 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet as of May 2022. With 13 passenger vessels on order among its brands through 2036, representing 41,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
2011
5.2K+
LTM Revenue $9.7B
LTM EBITDA $2.5B
$20.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Norwegian Cruise Line has a last 12-month revenue of $9.7B and a last 12-month EBITDA of $2.5B.
In the most recent fiscal year, Norwegian Cruise Line achieved revenue of $9.5B and an EBITDA of $2.5B.
Norwegian Cruise Line expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Norwegian Cruise Line valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $8.5B | $9.5B | XXX | XXX | XXX |
| Gross Profit | $577M | $3.1B | XXX | XXX | XXX |
| Gross Margin | 7% | 33% | XXX | XXX | XXX |
| EBITDA | $1.8B | $2.5B | XXX | XXX | XXX |
| EBITDA Margin | 21% | 26% | XXX | XXX | XXX |
| Net Profit | -$2.3B | $166M | XXX | XXX | XXX |
| Net Margin | -27% | 2% | XXX | XXX | XXX |
| Net Debt | $12.7B | $13.7B | XXX | XXX | XXX |
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As of April 21, 2025, Norwegian Cruise Line's stock price is $16.
Norwegian Cruise Line has current market cap of $7.3B, and EV of $20.2B.
See Norwegian Cruise Line trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20.2B | $7.3B | XXX | XXX | XXX | XXX | $1.90 |
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Sign UpAs of April 21, 2025, Norwegian Cruise Line has market cap of $7.3B and EV of $20.2B.
Norwegian Cruise Line's trades at 2.1x LTM EV/Revenue multiple, and 8.0x LTM EBITDA.
Analysts estimate Norwegian Cruise Line's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Norwegian Cruise Line and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $20.2B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.1x | XXX | XXX | XXX |
| P/E | 8.0x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 24.0x | XXX | XXX | XXX |
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Sign UpNorwegian Cruise Line's NTM/LTM revenue growth is 8%
Norwegian Cruise Line's revenue per employee for the last fiscal year averaged $1.8M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Norwegian Cruise Line's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Norwegian Cruise Line's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Norwegian Cruise Line and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 41% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 35% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| Salamis Tours | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival plc | XXX | XXX | XXX | XXX | XXX | XXX |
| Lindblad Expeditions | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Norwegian Cruise Line acquired XXX companies to date.
Last acquisition by Norwegian Cruise Line was XXXXXXXX, XXXXX XXXXX XXXXXX . Norwegian Cruise Line acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Norwegian Cruise Line founded? | Norwegian Cruise Line was founded in 2011. |
| Where is Norwegian Cruise Line headquartered? | Norwegian Cruise Line is headquartered in United States of America. |
| How many employees does Norwegian Cruise Line have? | As of today, Norwegian Cruise Line has 5.2K+ employees. |
| Who is the CEO of Norwegian Cruise Line? | Norwegian Cruise Line's CEO is Mr. Harry Sommer. |
| Is Norwegian Cruise Line publicy listed? | Yes, Norwegian Cruise Line is a public company listed on NYS. |
| What is the stock symbol of Norwegian Cruise Line? | Norwegian Cruise Line trades under NCLH ticker. |
| When did Norwegian Cruise Line go public? | Norwegian Cruise Line went public in 2013. |
| Who are competitors of Norwegian Cruise Line? | Similar companies to Norwegian Cruise Line include e.g. EIH, Salamis Tours, Carnival plc, Lindblad Expeditions. |
| What is the current market cap of Norwegian Cruise Line? | Norwegian Cruise Line's current market cap is $7.3B |
| What is the current revenue of Norwegian Cruise Line? | Norwegian Cruise Line's last 12-month revenue is $9.7B. |
| What is the current EBITDA of Norwegian Cruise Line? | Norwegian Cruise Line's last 12-month EBITDA is $2.5B. |
| What is the current EV/Revenue multiple of Norwegian Cruise Line? | Current revenue multiple of Norwegian Cruise Line is 2.1x. |
| What is the current EV/EBITDA multiple of Norwegian Cruise Line? | Current EBITDA multiple of Norwegian Cruise Line is 8.0x. |
| What is the current revenue growth of Norwegian Cruise Line? | Norwegian Cruise Line revenue growth between 2023 and 2024 was 11%. |
| Is Norwegian Cruise Line profitable? | Yes, Norwegian Cruise Line is EBITDA-positive (as of the last 12 months). |
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