Norwegian Cruise Line (NCLH)
Runs Norwegian, Oceania and Regent cruises across contemporary, premium and luxury markets.
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Operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises across contemporary, premium and luxury cruising. Revenue comes from fares and onboard purchases, while a U.S.-weighted guest base supports worldwide itineraries and all three brands are combined into one reportable segment.
Operates three cruise brands across distinct price tiers: Norwegian Cruise Line offers contemporary vacations centered on flexible dining, entertainment and guest choice; Oceania Cruises emphasizes culinary and destination-focused premium voyages; Regent Seven Seas Cruises provides all-suite, inclusive luxury sailings. Ships serve itineraries across the Americas, Europe, Asia-Pacific, Africa and other international destinations.
Generates revenue from cruise fares and onboard spending on beverages, casinos, excursions, specialty dining, retail, spas and connectivity. Reservations are sourced primarily from U.S. guests even as ships deploy worldwide. Results depend on pricing and occupancy, onboard purchases, fuel and labor costs, port access, and timely delivery and financing of new ships. Maritime, environmental, health and consumer-protection rules govern fleet operations, and all three brands are aggregated into one reportable segment.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 18, 2026 | Canaccord Genuity | Target | Target: — | Target: $45 |
| Aug 18, 2026 | UBS | Reiterate | Rating: —Target: $17 | Target: $20 |
| Aug 18, 2026 | Mizuho Securities | Target | Target: $22 | Target: $17 |
| Aug 18, 2026 | Mizuho | Downgrade | ||
| Aug 4, 2026 | Susquehanna | Reiterate | Rating: —Target: $15 | Target: $17 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $218.1M · Total debt $15.03B · Total assets $24.01B · Shareholders' equity $2.57B
- Revenue
- $2.64B
- Operating income
- $363.3M
- Net income
- $222.6M
No dividends on record.
| Institutions | ≈ 105.54% | 484.61M shares | |
|---|---|---|---|
| 701 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.71% | 3.24M shares | |
| 21 holders · as of May 21, 2026 | |||
| Adds to | 106.25% | ||
459.19M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 106.25%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Vanguard Capital Management LLCInstitution | 6.53% | 29.97M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.39% | 29.34M | as of Jun 30, 2026 |
UBS Group AGInstitution | 5.08% | 23.33M | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 4.12% | 18.91M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.07% | 18.67M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | John Chidsey | director, officer: President and CEO | +153,000 | $16.37 |
| May 20, 2026 | Jonathan Z. Cohen | director | +30,000 | $15.83 |
| May 18, 2026 | Jose E. Cil | director | +5,000 | $15.25 |
| May 19, 2026 | Jose E. Cil | director | +10,000 | $14.91 |
| May 11, 2026 | Brian P. MacDonald | director | +15,000 | $16.54 |
- Carnival
Largest cruise portfolio across contemporary, premium, and luxury brands
- Royal Caribbean Group
Large cruise rival across contemporary, premium, and luxury sailing
- Viking
Premium and luxury ocean peer named against Oceania and Regent
- Walt Disney
Family cruise and parks/resorts substitute for leisure vacation spend
- Marriott International
Global hotel and resort substitute with loyalty and lodging scale
- Hilton
Large hotel and resort substitute with Hilton Honors distribution
- MGM Resorts International
Casino-resort alternative for destination leisure and onboard spend
- Travel + Leisure
Vacation-ownership alternative competing for repeat leisure trips
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Norwegian Cruise Line | $14.63 | +2.70% | $6.54B | 8.9 | 11.2 | 0.6 | +4.9% |
| Carnival | $22.86 | +2.44% | $30.56B | 10.0 | 10.0 | 1.1 | +5.3% |
| Royal Caribbean Group | $256.66 | +2.56% | $67.12B | 15.5 | 13.6 | 3.6 | +6.5% |
| Viking | $84.72 | −1.55% | $38.23B | 28.5 | 23.4 | 5.5 | +16.5% |
| Walt Disney | $104.41 | +0.17% | $180.96B | 21.5 | 13.9 | 1.8 | +7.1% |
| Marriott International | $346.18 | +1.03% | $89.35B | 35.8 | 28.2 | 3.3 | +4.9% |
| Hilton | $310.84 | +1.22% | $69.11B | 45.1 | 32.4 | 5.5 | +6.5% |
| MGM Resorts International | $39.05 | +0.81% | $9.74B | 23.5 | 23.8 | 0.5 | +1.1% |
| Travel + Leisure | $64.28 | +1.97% | $3.86B | 17.2 | 7.7 | 0.9 | +4.4% |
| Median | 22.5 | 18.7 | 2.6 | +5.9% |