Norwegian Cruise Line Holdings Ltd (NCLH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 163,176 | -2,276,700 | -4,501,320 | -4,000,050 | 911,365 |
| Revenue | US$ in thousands | 7,787,020 | 3,910,760 | 647,986 | 1,162,120 | 6,185,140 |
| Pretax margin | 2.10% | -58.22% | -694.66% | -344.20% | 14.73% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $163,176K ÷ $7,787,020K
= 2.10%
The pretax margin of Norwegian Cruise Line Holdings Ltd has fluctuated significantly over the past five years. The company reported a pretax margin of 1.91% in 2023, a notable improvement from the negative margins in the preceding years. In 2022, the pretax margin was -47.00%, indicating a substantial loss before taxes. In 2021, the company faced significant challenges, reflected in a pretax margin of -694.66%, highlighting substantial losses. The negative trend continued in 2020, with a pretax margin of -312.53%. However, in 2019, the company reported a positive pretax margin of 14.10%, demonstrating profitability in that year. The fluctuations in the pretax margin suggest volatility in the company's financial performance and underline the challenges faced by Norwegian Cruise Line Holdings Ltd in recent years.
Peer comparison
Dec 31, 2023