Norwegian Cruise Line Holdings Ltd (NCLH)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 3,367,276 3,230,132 3,015,782 3,131,374 3,081,336 2,716,363 2,039,685 1,331,668 576,674 46,742 -616,545 -975,769 -960,051 -927,202 -824,166 -863,530 -413,153 377,456 1,484,182 2,474,758
Revenue (ttm) US$ in thousands 9,479,660 9,356,750 9,086,210 8,919,210 8,549,930 8,082,600 7,162,070 6,143,760 4,843,760 3,812,067 2,349,638 1,166,826 647,986 170,128 23,565 36,126 1,279,906 2,750,947 4,658,279 6,305,630
Gross profit margin 35.52% 34.52% 33.19% 35.11% 36.04% 33.61% 28.48% 21.68% 11.91% 1.23% -26.24% -83.63% -148.16% -545.00% -3,497.42% -2,390.33% -32.28% 13.72% 31.86% 39.25%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,367,276K ÷ $9,479,660K
= 35.52%

The gross profit margin of Norwegian Cruise Line Holdings Ltd has displayed a significant fluctuation over the analyzed period. The margin started at a healthy 39.25% in March 31, 2020, but then experienced a notable decline reaching -32.28% by December 31, 2020. Subsequently, the margin deteriorated drastically, hitting its lowest point in March 31, 2021 at -2,390.33%.

However, the company managed to gradually improve its gross profit margin from that point onwards, showing a recovery trend. By December 31, 2024, the margin had rebounded to a positive 35.52%, indicating an enhanced ability to generate profit from its core operations.

Overall, the journey of Norwegian Cruise Line Holdings Ltd's gross profit margin reflects a challenging period followed by a commendable recovery, highlighting the company's resilience and potential for profitability in the future.