NCLH Norwegian Cruise Line (NCLH) Insider Trading, Ownership & Congress Trades
Transport · Water transportation · CIK 0001513761
Cluster · 7 insidersC-suite buying · 1Congress · 1
Funds added, last quarter
297
13F, latest reported quarter
What the filings say about NCLH
Insiders, 180 days
+$29.2M net bought
7 buyers
Congress, 1 year
1 bought · 1 sold
Latest: sale, 2025-10-31
Norwegian Cruise Line insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Norwegian Cruise Line Holdings Ltd. insiders bought a net $29.2M of stock across 46 Form 4 purchases and sales, with 7 insiders buying. Source: SEC Form 4 filings, as of 2026-10-27.
Insider
Filed
Shares
Value
Since filing
Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 buy), the last on Jun 1, 2026.
- The trade is 49.3% of the 1,388,912 shares held after it.
- 6 other insiders bought within 30 days.
- 297 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director PAGLIUCA STEPHEN G bought about $12.4M of NCLH on Jun 2, 2026; 6 other insiders bought within 30 days and 297 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 98.7% of the 703,912 shares held after it.
- 6 other insiders bought within 30 days.
- 297 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director PAGLIUCA STEPHEN G bought about $12.6M of NCLH on Jun 1, 2026, the largest insider purchase at the company on our record; 6 other insiders bought within 30 days and 297 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 13.4% of the 1,139,940 shares held after it.
- 6 other insiders bought within 30 days.
- 297 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President and CEO CHIDSEY JOHN bought about $2.5M of NCLH on May 22, 2026, the largest insider purchase at the company on our record; 6 other insiders bought within 30 days and 297 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 77.1% of the 38,912 shares held after it.
- 6 other insiders bought within 30 days.
- 297 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director COHEN JONATHAN Z bought about $474.9K of NCLH on May 20, 2026; 6 other insiders bought within 30 days and 297 funds added in the latest 13F quarter.Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 buys), the last on May 18, 2026.
- +8.5% median (+8.5% mean) 90-day return after 2 previous buys.
- The trade is 13.5% of the 74,295 shares held after it.
- 6 other insiders bought within 30 days.
- 297 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Cil Jose E. bought about $149.1K of NCLH on May 19, 2026; 6 other insiders bought within 30 days and 297 funds added in the latest 13F quarter.46 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net +$29.2M over 180 days
the highest in Transport
Congress
1 member bought in the last year
the lowest in Transport
Funds
297 funds bought in last quarter
more than 87% of Transport
Revenue
+3.7% year over year
more than 58% of Transport
Margin
4.3% net margin
more than 54% of Transport
Buybacks
no share repurchases reported
Short interest
21.3% of the float short (float per yahoo 2026-10-26) · 4.5 days to cover · settled 2026-09-30
more than 99% of Transport
The situation: each line is one rule over one dataset
7 insiders independently bought a net $29.2M while the stock fell 18% over six months, with no planned sales queued.
What changed in the last 30 days
Oct 27Insider buying stopped: no purchases in 90 days after 10 in the prior 90
Why it matters
The absence is the signal: 10 purchases in one 90-day window and none in the next is a change of behaviour, not a filing.
Watch NCLH
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-36.1%12M
Insider buyInsider sell
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns NCLH: institutional holders (13F)
13F holdings, latest reported quarter
29,972,580 sh
$632.7M
29,336,839 sh
$619.3M
23,331,373 sh
$492.5M
18,908,671 sh
$399.2M
18,666,538 sh
$394.1M
Congress trades in NCLH
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Sold 2025-10-31 · disclosed 21 days later
$1,001 - $15,000
Sold 2025-10-30 · disclosed 22 days later
$1,001 - $15,000
Bought 2025-10-30 · disclosed 22 days later
$1,001 - $15,000
Bought 2025-06-17 · disclosed 57 days later
$1,001 - $15,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
NCLH planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
NCLH mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Ariel Fund
$99.5M position · as of 2026-06-30
3.4%
Ariel Appreciation Fund
$27.9M position · as of 2026-06-30
2.9%
Invesco S&P 500 Equal Weight Consumer Discretionary ETF
$6.9M position · as of 2026-07-31
2.1%
The Future Fund Long/Short ETF
$878.3K position · as of 2026-05-31
2.1%
Invesco S&P 500 High Beta ETF
$12.8M position · as of 2026-05-31
1.2%
VANGUARD EXPLORER VALUE FUND
$13.7M position · as of 2026-05-31
1.1%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Del Rio
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2022
$21.2M
$8.7M
$5.7M
-79%
-12%
2021
$19.7M
$14.2M
$3.6M
-64%
+11%
2020
$36.4M
$21.4M
$6.3M
-56%
+1%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
7 insiders reported buying shares.
The record shows a net $29.2M bought by insiders over 180 days, 297 funds added last quarter, 1 House member(s) bought in 12 months, disclosed weeks after the trade. Each figure is a federal filing, dated the day it went public.
NCLH financials
Revenue growth
+3.7%
XBRL, annual
Net margin
4.3%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$10.2B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM NCLH
| FY Dec 2025 | $9.8B |
| FY Dec 2024 | $9.5B |
| FY Dec 2023 | $8.5B |
| FY Dec 2022 | $4.8B |
| FY Dec 2021 | $648.0M |
| Jun 2026 | $2.6B |
| Mar 2026 | $2.3B |
| Dec 2025 | $2.2B |
| Sep 2025 | $2.9B |
| Jun 2025 | $2.5B |
| Mar 2025 | $2.1B |
| Dec 2024 | $2.1B |
| Sep 2024 | $2.8B |
At each fiscal year end
Single quarter
Net margin, TTM
+7.5%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM NCLH
| FY Dec 2025 | +4.3% |
| FY Dec 2024 | +9.6% |
| FY Dec 2023 | +1.9% |
| FY Dec 2022 | -46.9% |
| FY Dec 2021 | -695.5% |
| Jun 2026 | +8.4% |
| Mar 2026 | +4.5% |
| Dec 2025 | +0.6% |
| Sep 2025 | +14.3% |
| Jun 2025 | +1.2% |
| Mar 2025 | -1.9% |
| Dec 2024 | +12.1% |
| Sep 2024 | +16.9% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$1.2B
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM NCLH
| FY Dec 2025 | -$1.2B |
| FY Dec 2024 | $838.9M |
| FY Dec 2023 | -$744.6M |
| FY Dec 2022 | -$1.6B |
| FY Dec 2021 | -$3.2B |
| Jun 2026 | $144.9M |
| Mar 2026 | -$625.2M |
| Dec 2025 | $21.5M |
| Sep 2025 | -$726.5M |
| Jun 2025 | $381.2M |
| Mar 2025 | -$846.0M |
| Dec 2024 | $155.8M |
| Sep 2024 | -$195.5M |
At each fiscal year end
Single quarter
Debt to equity
5.40x
long-term debt only, 2026-06-30; equity 2026-06-30
Debt to equity NCLH
| FY Dec 2025 | 6.21x |
| FY Dec 2024 | 8.26x |
| FY Dec 2023 | 40.94x |
| FY Dec 2022 | 184.14x |
| FY Dec 2021 | 4.76x |
| Jun 2026 | 5.40x |
| Mar 2026 | 5.75x |
| Dec 2025 | 6.21x |
| Sep 2025 | 6.22x |
| Jun 2025 | 8.05x |
| Mar 2025 | 9.09x |
| Dec 2024 | 8.26x |
| Sep 2024 | 10.35x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.15x
TTM operating cash flow over long-term debt only, 2026-06-30
Cash flow to debt NCLH
| FY Dec 2025 | 0.15x |
| FY Dec 2024 | 0.17x |
| FY Dec 2023 | 0.16x |
| FY Dec 2022 | 0.02x |
| FY Dec 2021 | -0.21x |
| Jun 2026 | 0.15x |
| Mar 2026 | 0.16x |
| Dec 2025 | 0.15x |
| Sep 2025 | 0.15x |
| Jun 2025 | 0.16x |
| Mar 2025 | 0.15x |
| Dec 2024 | 0.17x |
| Sep 2024 | 0.16x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+36.7%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity NCLH
| FY Dec 2025 | +23.3% |
| FY Dec 2024 | +105.5% |
| FY Dec 2023 | +90.0% |
| FY Dec 2022 | -181.5% |
| FY Dec 2021 | -132.8% |
| Jun 2026 | +36.7% |
| Mar 2026 | +29.5% |
| Dec 2025 | +23.3% |
| Sep 2025 | +39.9% |
| Jun 2025 | +63.6% |
| Mar 2025 | +95.9% |
| Dec 2024 | +105.5% |
| Sep 2024 | +69.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+3.3%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets NCLH
| FY Dec 2025 | +2.0% |
| FY Dec 2024 | +4.6% |
| FY Dec 2023 | +0.9% |
| FY Dec 2022 | -12.2% |
| FY Dec 2021 | -24.3% |
| Jun 2026 | +3.3% |
| Mar 2026 | +2.5% |
| Dec 2025 | +2.0% |
| Sep 2025 | +3.2% |
| Jun 2025 | +3.4% |
| Mar 2025 | +4.1% |
| Dec 2024 | +4.6% |
| Sep 2024 | +2.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+9.6%
operating income after a 1.6% effective tax rate, over long-term debt only, 2026-06-30 plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital NCLH
| FY Dec 2025 | +10.0% |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | +9.6% |
| Mar 2026 | +10.0% |
| Dec 2025 | +10.0% |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | +11.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+9.3%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed NCLH
| FY Dec 2025 | +10.0% |
| FY Dec 2024 | +10.6% |
| FY Dec 2023 | +6.9% |
| FY Dec 2022 | -10.9% |
| FY Dec 2021 | -16.2% |
| Jun 2026 | +9.3% |
| Mar 2026 | +9.7% |
| Dec 2025 | +10.0% |
| Sep 2025 | +10.4% |
| Jun 2025 | +10.7% |
| Mar 2025 | +10.2% |
| Dec 2024 | +10.6% |
| Sep 2024 | +10.0% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
9.32x
close 2026-10-23 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing NCLH
| FY Dec 2025 | 25.08x |
| FY Dec 2024 | 13.83x |
| FY Dec 2023 | 66.80x |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | 13.03x |
| Mar 2026 | 15.45x |
| Dec 2025 | 25.08x |
| Sep 2025 | 18.11x |
| Jun 2025 | 13.99x |
| Mar 2025 | 10.96x |
| Dec 2024 | 13.83x |
| Sep 2024 | 18.48x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$20.6B
market value at close 2026-10-23 on 2026-07-23 shares, plus long-term debt only, 2026-06-30, minus cash 2026-06-30
Enterprise value NCLH
| FY Dec 2025 | $23.7B |
| FY Dec 2024 | $22.9B |
| FY Dec 2023 | $20.4B |
| FY Dec 2022 | $16.8B |
| FY Dec 2021 | $17.7B |
| Jun 2026 | $23.4B |
| Mar 2026 | $22.3B |
| Dec 2025 | $23.7B |
| Sep 2025 | $24.6B |
| Jun 2025 | $21.5B |
| Mar 2025 | $21.0B |
| Dec 2024 | $22.9B |
| Sep 2024 | $20.4B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-17.1%
TTM free cash flow over market value at close 2026-10-23
FCF yield NCLH
| FY Dec 2025 | -11.5% |
| FY Dec 2024 | +7.4% |
| FY Dec 2023 | -8.7% |
| FY Dec 2022 | -30.5% |
| FY Dec 2021 | -42.0% |
| Jun 2026 | -12.2% |
| Mar 2026 | -11.1% |
| Dec 2025 | -11.5% |
| Sep 2025 | -9.3% |
| Jun 2025 | -5.6% |
| Mar 2025 | -6.7% |
| Dec 2024 | +7.4% |
| Sep 2024 | +3.3% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
0.80x
P/E over trailing EPS growth of 12%: four quarters to 2026-06-30 against the four to 2025-06-30
PEG, trailing NCLH
| FY Dec 2025 | n/a |
| FY Dec 2024 | 0.03x |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | 1.11x |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | 0.80x |
| Jun 2025 | 0.21x |
| Mar 2025 | 0.08x |
| Dec 2024 | 0.03x |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $9.8B | $9.5B | $8.5B | $4.8B |
| Operating income | $1.6B | $1.5B | $930.9M | -$1.6B |
| Net income | $423.2M | $910.3M | $166.2M | -$2.3B |
| EPS (diluted) | 0.92 | 1.89 | 0.39 | -5.41 |
| Operating cash flow | $2.1B | $2.0B | $2.0B | $210.0M |
| Cash | $209.9M | $190.8M | $402.4M | $947.0M |
| Long-term debt | $13.7B | $11.8B | $12.3B | $12.6B |
SEC XBRL, fiscal years, as known on 2026-10-27
NCLH Stock Sonar score 6/7 axes
Find similar shapesCompareNCLH ranks highest on insider conviction (99th percentile) and profitability (60th), and lowest on financial health (17th), among Transport peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
NCLH filings, in plain words
Are Norwegian Cruise Line insiders buying or selling NCLH?
In the 180 days to 2026-10-27, Norwegian Cruise Line insiders were net buyers, a net $29.2M across purchases and sales reported on Form 4, by 7 buyers.
Have members of Congress traded NCLH?
Yes. In the year to 2026-10-27, 1 House member disclosed buying NCLH and 1 House member disclosed selling it; the latest on record is a sale by Lisa McClain dated 2025-10-31.
Read the full summary
In the 180 days to 2026-10-27, Norwegian Cruise Line insiders were net buyers of NCLH, a net $29.2M across purchases and sales reported on Form 4 by 7 buyers. 7 insiders reported purchases in that window. In the year to 2026-10-27, 1 member of Congress disclosed buying NCLH and 1 member disclosed selling it; the latest on record is a sale by Lisa McClain dated 2025-10-31. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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