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). Read Norwegian Cruise Line Holdings Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
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. Explore NCLH capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full company profile including market capitalisation, see Norwegian Cruise Line Holdings Ltd market capitalisation.
| 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 | — |