Norwegian Cruise Line Holdings Ltd. (NCLH) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$18.22 +13.45% NYSE • Public Delayed / 60s Snapshot

Norwegian Cruise Line Holdings Ltd. (NCLH) carries a Roarable Rating of C- (Hold) with 59/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C- • HOLD / WATCH Cap $8.37B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C-
025507510059
JEV AI Jury Split (Battleground)
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D · Rk B
Cash (6)Whales (11)SEC (16)Macro (14)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+0.4% Base Target
$26 Bull$18 Base$14 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:72% Call Buyers ($3.3M)
28% PutsMax Pain: $18.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How NCLH Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$4.00BGross Profit $0 (0%)Cost of Sales $4.00BOp Profit $0 (0%)OpEx (R&D/SG&A) $0Net Profit$423.2M (10.6%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $4.00B
FY24
Rev $4.00B
FY25
Rev $4.00B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$4.00B0%39%$423.2M-$1.17B11.1%
FY 2024$4.00B0%36.6%$910.3M$838.9M12.1%
FY 2023$4.00B0%23.3%$166.2M$2.01B26.5%
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  • ✓Live walkthrough of NCLH's RQD Radar, SEC cash-conversion gap & downside levels
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RQD INSIDER CLUB UPGRADE$49/YEAR
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NCLH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -3.36%▲ RESISTANCE BREAKOUT
2026-10-30O $17.91H $17.99L $17.31C $17.57VOL 28.30M
RES: $14.12SUP: $11.45SMA50: $15.39SMA200: $18.69
$22.72$20.26$17.79$15.33$12.87RES $14.12SUP $11.45$17.572026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NCLH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
13.3%/yr Implied 5Y Growth

vs. +8.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NCLH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NCLH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for NCLH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

NCLH Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Norwegian Cruise Line Holdings Ltd. (NCLH)?

In FY 2025 (10-K), NCLH converted $4.0B of revenue into a 0% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).