Norwegian Cruise Line Holdings Ltd (NCLH) — Free Cash Flow Generation Index
Norwegian Cruise Line Holdings Ltd (NCLH) has a Free Cash Flow Generation Index of -0.77x as of March 2026. Free cash flow of $-625.22 Million represents -1% of operating cash flow ($811.45 Million). Explore Norwegian Cruise Line Holdings Ltd capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Norwegian Cruise Line Holdings Ltd Free Cash Flow Generation Index (2004–2025)
Historical FCF Generation Index trend for Norwegian Cruise Line Holdings Ltd across 19 annual periods. For the full cash flow conversion analysis, see NCLH operating cash flow.
Annual Free Cash Flow Generation for Norwegian Cruise Line Holdings Ltd (2004–2025)
Year-by-year Free Cash Flow Generation Index for Norwegian Cruise Line Holdings Ltd. Check Norwegian Cruise Line Holdings Ltd cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.56x | $-1.17 Billion | $2.09 Billion | $3.26 Billion | ▼ -236.8% |
| 2024 | 0.41x | $838.87 Million | $2.05 Billion | $1.21 Billion | ▲ +210.2% |
| 2023 | -0.37x | $-744.65 Million | $2.01 Billion | $2.75 Billion | ▲ +95.0% |
| 2022 | -7.49x | $-1.57 Billion | $210.02 Million | $1.78 Billion | ▼ -7465.5% |
| 2019 | 0.10x | $185.44 Million | $1.82 Billion | $1.64 Billion | ▼ -58.5% |
| 2018 | 0.24x | $508.38 Million | $2.08 Billion | $1.57 Billion | ▲ +81.9% |
| 2017 | 0.13x | $213.53 Million | $1.59 Billion | $1.37 Billion | ▲ +13.1% |
| 2016 | 0.12x | $147.57 Million | $1.24 Billion | $1.09 Billion | ▲ +252.3% |
| 2015 | -0.08x | $-81.56 Million | $1.04 Billion | $1.13 Billion | ▲ +88.1% |
| 2014 | -0.66x | $-416.37 Million | $635.60 Million | $1.05 Billion | ▲ +25.8% |
| 2013 | -0.88x | $-419.57 Million | $475.28 Million | $894.85 Million | ▼ -471.4% |
| 2012 | 0.24x | $94.75 Million | $398.59 Million | $303.84 Million | ▼ -50.7% |
| 2011 | 0.48x | $172.19 Million | $356.99 Million | $184.80 Million | ▲ +136.2% |
| 2010 | -1.33x | $-558.52 Million | $418.95 Million | $977.47 Million | ▲ +39.1% |
| 2009 | -2.19x | $-111.11 Million | $50.73 Million | $161.84 Million | ▲ +85.4% |
| 2007 | -15.04x | $-546.51 Million | $36.33 Million | $582.84 Million | ▼ -235.2% |
| 2006 | -4.49x | $-661.90 Million | $147.50 Million | $809.40 Million | ▼ -15.8% |
| 2005 | -3.88x | $-521.97 Million | $134.69 Million | $656.66 Million | ▲ +4.6% |
| 2004 | -4.06x | $-594.51 Million | $146.33 Million | $740.84 Million | — |