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Side-by-side financial comparison of BARRICK MINING CORP (B) and Norwegian Cruise Line Holdings (NCLH). Click either name above to swap in a different company.

BARRICK MINING CORP is the larger business by last-quarter revenue ($3.7B vs $2.2B, roughly 1.6× Norwegian Cruise Line Holdings). BARRICK MINING CORP runs the higher net margin — 34.1% vs 0.6%, a 33.5% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs 6.4%).

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

Norwegian Cruise Line (NCL) is an American cruise line founded in Norway in 1966, headquartered in Miami-Dade County, Florida, and incorporated in the Bahamas. It is the fourth-largest cruise line in the world by passengers, controlling about 8.6% of the total worldwide share of the cruise market by passengers as of 2021. It is wholly owned by parent company Norwegian Cruise Line Holdings.

B vs NCLH — Head-to-Head

Bigger by revenue
B
B
1.6× larger
B
$3.7B
$2.2B
NCLH
Growing faster (revenue YoY)
B
B
+10.0% gap
B
16.4%
6.4%
NCLH
Higher net margin
B
B
33.5% more per $
B
34.1%
0.6%
NCLH

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
B
B
NCLH
NCLH
Revenue
$3.7B
$2.2B
Net Profit
$1.3B
$14.3M
Gross Margin
49.0%
41.0%
Operating Margin
38.5%
8.3%
Net Margin
34.1%
0.6%
Revenue YoY
16.4%
6.4%
Net Profit YoY
98.1%
-94.4%
EPS (diluted)
$0.47
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
B
B
NCLH
NCLH
Q4 25
$2.2B
Q3 25
$2.9B
Q2 25
$3.7B
$2.5B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.8B
Q2 24
$3.2B
$2.4B
Q1 24
$2.2B
Net Profit
B
B
NCLH
NCLH
Q4 25
$14.3M
Q3 25
$419.3M
Q2 25
$1.3B
$30.0M
Q1 25
$-40.3M
Q4 24
$254.5M
Q3 24
$474.9M
Q2 24
$634.0M
$163.4M
Q1 24
$17.4M
Gross Margin
B
B
NCLH
NCLH
Q4 25
41.0%
Q3 25
47.1%
Q2 25
49.0%
42.1%
Q1 25
38.7%
Q4 24
38.0%
Q3 24
45.2%
Q2 24
37.4%
38.7%
Q1 24
36.7%
Operating Margin
B
B
NCLH
NCLH
Q4 25
8.3%
Q3 25
25.5%
Q2 25
38.5%
16.8%
Q1 25
9.4%
Q4 24
10.2%
Q3 24
24.6%
Q2 24
34.5%
14.4%
Q1 24
10.0%
Net Margin
B
B
NCLH
NCLH
Q4 25
0.6%
Q3 25
14.3%
Q2 25
34.1%
1.2%
Q1 25
-1.9%
Q4 24
12.1%
Q3 24
16.9%
Q2 24
20.1%
6.9%
Q1 24
0.8%
EPS (diluted)
B
B
NCLH
NCLH
Q4 25
$0.08
Q3 25
$0.86
Q2 25
$0.47
$0.07
Q1 25
$-0.09
Q4 24
$0.55
Q3 24
$0.95
Q2 24
$0.21
$0.35
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
B
B
NCLH
NCLH
Cash + ST InvestmentsLiquidity on hand
$4.8B
$209.9M
Total DebtLower is stronger
$13.7B
Stockholders' EquityBook value
$33.4B
$2.2B
Total Assets
$47.3B
$22.5B
Debt / EquityLower = less leverage
6.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
B
B
NCLH
NCLH
Q4 25
$209.9M
Q3 25
$166.8M
Q2 25
$4.8B
$184.0M
Q1 25
$184.4M
Q4 24
$190.8M
Q3 24
$332.5M
Q2 24
$4.0B
$594.1M
Q1 24
$559.8M
Total Debt
B
B
NCLH
NCLH
Q4 25
$13.7B
Q3 25
$13.6B
Q2 25
$12.6B
Q1 25
$12.9B
Q4 24
$11.8B
Q3 24
$11.8B
Q2 24
$11.9B
Q1 24
$12.0B
Stockholders' Equity
B
B
NCLH
NCLH
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$33.4B
$1.6B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.1B
Q2 24
$32.5B
$693.1M
Q1 24
$362.1M
Total Assets
B
B
NCLH
NCLH
Q4 25
$22.5B
Q3 25
$22.2B
Q2 25
$47.3B
$21.6B
Q1 25
$21.4B
Q4 24
$20.0B
Q3 24
$19.8B
Q2 24
$46.2B
$20.1B
Q1 24
$19.8B
Debt / Equity
B
B
NCLH
NCLH
Q4 25
6.21×
Q3 25
6.22×
Q2 25
8.05×
Q1 25
9.09×
Q4 24
8.26×
Q3 24
10.35×
Q2 24
17.19×
Q1 24
33.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
B
B
NCLH
NCLH
Operating Cash FlowLast quarter
$1.3B
$459.1M
Free Cash FlowOCF − Capex
$21.5M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
19.5%
Cash ConversionOCF / Net Profit
1.06×
32.21×
TTM Free Cash FlowTrailing 4 quarters
$-1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
B
B
NCLH
NCLH
Q4 25
$459.1M
Q3 25
$236.6M
Q2 25
$1.3B
$714.9M
Q1 25
$679.2M
Q4 24
$399.3M
Q3 24
$172.5M
Q2 24
$1.2B
$670.9M
Q1 24
$807.2M
Free Cash Flow
B
B
NCLH
NCLH
Q4 25
$21.5M
Q3 25
$-726.5M
Q2 25
$381.2M
Q1 25
$-846.0M
Q4 24
$155.8M
Q3 24
$-195.5M
Q2 24
$330.2M
Q1 24
$548.3M
FCF Margin
B
B
NCLH
NCLH
Q4 25
1.0%
Q3 25
-24.7%
Q2 25
15.1%
Q1 25
-39.8%
Q4 24
7.4%
Q3 24
-7.0%
Q2 24
13.9%
Q1 24
25.0%
Capex Intensity
B
B
NCLH
NCLH
Q4 25
19.5%
Q3 25
32.8%
Q2 25
13.3%
Q1 25
71.7%
Q4 24
11.5%
Q3 24
13.1%
Q2 24
14.4%
Q1 24
11.8%
Cash Conversion
B
B
NCLH
NCLH
Q4 25
32.21×
Q3 25
0.56×
Q2 25
1.06×
23.83×
Q1 25
Q4 24
1.57×
Q3 24
0.36×
Q2 24
1.83×
4.10×
Q1 24
46.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

B
B

Segment breakdown not available.

NCLH
NCLH

Passenger$1.5B67%
Onboard And Other$734.4M33%

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