Norwegian Cruise Line Holdings Ltd (NCLH)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 772,907 | 556,870 | 429,199 | 351,024 | 163,176 | -210,602 | -870,878 | -1,467,876 | -2,276,703 | -3,365,008 | -3,904,500 | -4,111,174 | -4,501,313 | -3,638,322 | -3,473,858 | -3,481,362 | -4,000,042 | -3,173,742 | -2,030,828 | -1,060,134 |
| 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 |
| Pretax margin | 8.15% | 5.95% | 4.72% | 3.94% | 1.91% | -2.61% | -12.16% | -23.89% | -47.00% | -88.27% | -166.17% | -352.34% | -694.66% | -2,138.58% | -14,741.60% | -9,636.72% | -312.53% | -115.37% | -43.60% | -16.81% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $772,907K ÷ $9,479,660K
= 8.15%
The pretax margin of Norwegian Cruise Line Holdings Ltd has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The pretax margin was negative in the initial periods, indicating that the company's operating expenses and taxes were exceeding its revenue.
However, there was a notable turnaround in the company's performance starting from March 31, 2023, where the pretax margin moved from negative to positive territory. This positive trend continued, with the pretax margin gradually increasing in subsequent quarters.
By December 31, 2024, the pretax margin reached 8.15%, indicating that the company was able to generate a pre-tax profit equivalent to 8.15% of its revenue. This improvement in pretax margin reflects a better control over costs, operational efficiencies, and potentially improved revenue generation strategies. It suggests that the company has been able to enhance its profitability and financial performance over the analyzed period.
Peer comparison
Dec 31, 2024