Norwegian Cruise Line Holdings Ltd (NCLH)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 15.69% | 14.93% | 13.53% | 12.89% | 10.78% | 6.39% | -2.24% | -13.51% | -31.39% | -50.53% | -104.76% | -228.81% | -393.89% | -1,417.97% | -9,510.01% | -6,176.55% | -272.22% | -99.52% | -36.67% | -12.75% |
| 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% |
| Net profit margin | 9.60% | 5.87% | 4.62% | 3.84% | 1.94% | -2.60% | -11.88% | -23.54% | -46.86% | -88.15% | -166.44% | -353.02% | -695.48% | -2,158.84% | -14,870.69% | -9,693.11% | -313.50% | -114.59% | -43.46% | -16.95% |
The profitability ratios of Norwegian Cruise Line Holdings Ltd have shown significant fluctuations over the past few years. The gross profit margin, a measure of a company's efficiency in generating profits from its revenue, saw a sharp decline in late 2020 but has since improved and stabilized around 35%-36% as of December 31, 2024.
The operating profit margin, which indicates the company's ability to control its operating expenses, was negative for most of 2020 and 2021, reaching double-digit positive figures by the end of 2023 and continuing to improve into 2024, reaching around 15%.
The pretax margin, which represents the percentage of each dollar of revenue that results in profit before taxes, experienced severe negative margins in 2020 and early 2021, gradually moving into positive territory by the end of 2023 and further improving to around 8% by December 31, 2024.
The net profit margin, a measure of a company's overall profitability after all expenses have been deducted from revenue, followed a similar pattern to the pretax margin, moving from significant negative figures to positive territory, reaching approximately 10% by December 31, 2024.
Overall, the company has shown resilience in improving its profitability ratios after facing challenges in prior years, with a positive trend indicating more effective cost management and revenue generation strategies.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.45% | 7.06% | 6.11% | 5.80% | 4.73% | 2.68% | -0.86% | -4.52% | -8.19% | -10.16% | -12.88% | -13.87% | -13.63% | -12.88% | -12.10% | -11.76% | -18.94% | -15.73% | -9.75% | -4.89% |
| Return on assets (ROA) | 4.56% | 2.78% | 2.09% | 1.73% | 0.85% | -1.09% | -4.56% | -7.88% | -12.23% | -17.73% | -20.46% | -21.39% | -24.06% | -19.61% | -18.91% | -18.46% | -21.81% | -18.11% | -11.55% | -6.49% |
| Return on total capital | 105.04% | 114.29% | 170.17% | 302.19% | 295.35% | 119.46% | -1,106.85% | — | -2,216.47% | -465.18% | -265.06% | -170.68% | -99.83% | -81.72% | -59.51% | -51.25% | -43.80% | -28.54% | -2.38% | 18.72% |
| Return on equity (ROE) | 63.86% | 48.38% | 60.62% | 94.69% | 55.24% | -47.83% | -5,591.48% | — | -3,309.34% | -840.49% | -433.64% | -273.22% | -185.25% | -127.38% | -94.22% | -80.00% | -92.15% | -77.11% | -46.68% | -24.43% |
Norwegian Cruise Line Holdings Ltd's profitability ratios have shown a volatile performance over the past few years.
1. Operating return on assets (Operating ROA) has improved steadily from negative percentages in 2020-2023 to positive territory in 2024, indicating that the company is generating more operating income relative to its total assets.
2. Return on assets (ROA) has followed a similar trend, with negative values gradually turning positive by 2023. This suggests that the company's profitability in relation to its total assets has been improving.
3. Return on total capital saw a drastic decline in 2020-2022, plunging into negative territory. However, the ratios rebounded significantly in 2023-2024, showing a positive trend again. This indicates that the company is effectively utilizing its total capital to generate returns for its stakeholders.
4. Return on equity (ROE) also exhibited a turbulent performance, with negative values dominating from 2020-2022. However, the ratios turned positive in 2023-2024, indicating that the company's profitability in relation to shareholders' equity has improved.
Overall, the profitability ratios of Norwegian Cruise Line Holdings Ltd show a mixed performance, with indications of recovery and improvement in recent years after a challenging period.