Company Dossier · Consumer Discretionary
Norwegian Cruise Line Holdings
- S&P 500
- Russell 1000
What Norwegian Cruise Line Holdings is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $10.2 billion, up 6.2% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: −$1.19 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $3.30 billion, up 34% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2019: $0.35 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $9.74 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 30, 2026): sentiment -0.20 on a −1 to +1 scale (negative), confidence 0.60 of 1.Palanor Discourse
- Guidance in the last 90 days: 0 outlook figures raised, 1 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed March 2, 2026): 2 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net buyers in Q2 2026: $29.2 million on the open market.SEC Form 4
- 639 institutional managers reported a position at June 30, 2026 (−2 on the quarter before).SEC Form 13F
Company Posture
How Company Posture is measured →What Norwegian Cruise Line Holdings is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding · Hedging
Expanding ↔ Retrenching
Expanding
- Capital spending72nd pct
- Debt raised84th pct
- Buybacks vs capex—
- Hiring filings49th pct
- Deals and private raises48th pct
- Patent publications52nd pct
- + Capital spending
- + Debt raised
- − Deals and private raises
Confident ↔ Hedging
Hedging
- Call sentiment14th pct
- Call confidence16th pct
- Guidance changes19th pct
- Risk factors added33rd pct
- Insider open-market trades89th pct
- − Call sentiment
- − Guidance changes
- − Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver92nd pct
- Stress filings50th pct
Credit
How these are built →Norwegian Cruise Line Holdings's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$15.0B
- Due within a year $1.1B
- Longer term $13.9B
- Default point $8.1B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Norwegian Cruise Line Holdings, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralNorwegian Cruise Line Opens Great Tides Waterpark at Great Stirrup Cay Featuring 19 Waterslides + Attractions
manilatimes.net · via Marketaux · Oct 8, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 15, 20268-KMaterial agreement signedItem 1.01
- Oct 15, 20268-KMaterial agreement terminatedItem 1.02
- Oct 12, 2026LobbyingLobbying report (K&L GATES, LLP)third_quarter 2026
- Oct 2, 2026LobbyingLobbying report (ELENI KALISCH)third_quarter 2026 · $0.0 million
- Aug 12, 20268-KShareholder vote resultsItem 5.07
- Jul 19, 2026LobbyingLobbying report (K&L GATES, LLP)second_quarter 2026
- Jul 3, 2026LobbyingLobbying report (ELENI KALISCH)second_quarter 2026 · $0.0 million
- Jun 16, 20268-KDirector or officer changeItem 5.02
- Jun 16, 20268-KShareholder vote resultsItem 5.07
- Apr 20, 2026LobbyingLobbying report (K&L GATES, LLP)first_quarter 2026
- Apr 11, 2026LobbyingLobbying report (ELENI KALISCH)first_quarter 2026 · $0.0 million
- Mar 27, 20268-KMaterial agreement signedItem 1.01
- Mar 27, 20268-KDirector or officer changeItem 5.02
- Mar 27, 20268-KDirector or officer changeItem 5.02
- Mar 2, 202610-KAnnual report (10-K)2 risk factors added, 0 removed
- Feb 12, 20268-KDirector or officer changeItem 5.02
- Jan 20, 2026LobbyingLobbying report (K&L GATES, LLP)fourth_quarter 2025 · $0.0 million
- Jan 5, 2026LobbyingLobbying report (ELENI KALISCH)fourth_quarter 2025 · $0.0 million
- Oct 15, 2025Risk event
- Sep 18, 20258-KMaterial agreement signedItem 1.01
- Sep 18, 20258-KMaterial agreement terminatedItem 1.02
- Sep 11, 20258-KMaterial agreement signedItem 1.01
- Aug 20, 20258-KDirector or officer changeItem 5.02
- Jul 21, 20258-KMaterial agreement signedItem 1.01
- Jun 27, 20258-KMaterial agreement signedItem 1.01
- Jun 12, 20258-KDirector or officer changeItem 5.02
- Jun 12, 20258-KShareholder vote resultsItem 5.07
- May 8, 20258-KDirector or officer changeItem 5.02
- Apr 7, 20258-KMaterial agreement signedItem 1.01
- Feb 27, 202510-KAnnual report (10-K)2 risk factors added, 0 removed
- Feb 7, 20258-KDirector or officer changeItem 5.02
- Jan 22, 20258-KMaterial agreement signedItem 1.01
- Jan 22, 20258-KMaterial agreement terminatedItem 1.02
- Jan 6, 20258-KMaterial agreement terminatedItem 1.02
- Jan 6, 20258-KDirector or officer changeItem 5.02
- Feb 28, 202410-KAnnual report (10-K)1 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Hilton Worldwide HLT | $12.5B | $2.0B | Jun 30, 2026 |
| Expedia Group EXPE | $15.7B | $4.5B | Jun 30, 2026 |
| Royal Caribbean Group RCL | $18.7B | −$0.4B | Jun 30, 2026 |
| Travel + Leisure Co. TNL | $4.1B | $0.4B | Jun 30, 2026 |
| Carnival Corporation CCL | $27.6B | $3.2B | Aug 31, 2026 |
| Choice Hotels CHH | $1.6B | — | Jun 30, 2026 |
| Wyndham Hotels & Resorts WH | $1.4B | $0.3B | Jun 30, 2026 |
| Viking Holdings VIK | — | — | — |