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Side-by-side financial comparison of Chemours Co (CC) and Norwegian Cruise Line Holdings (NCLH). Click either name above to swap in a different company.
Norwegian Cruise Line Holdings is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.7× Chemours Co). Norwegian Cruise Line Holdings runs the higher net margin — 0.6% vs -3.5%, a 4.2% gap on every dollar of revenue. On growth, Norwegian Cruise Line Holdings posted the faster year-over-year revenue change (6.4% vs -2.1%). Chemours Co produced more free cash flow last quarter ($92.0M vs $21.5M). Over the past eight quarters, Norwegian Cruise Line Holdings's revenue compounded faster (1.2% CAGR vs -1.2%).
The Chemours Company is an American chemical company that was founded in July 2015 as a spin-off from DuPont. It has its corporate headquarters in Wilmington, Delaware, United States. Chemours is the manufacturer of Teflon, the brand name of polytetrafluoroethylene (PTFE), known for its anti-stick properties. It also produces titanium dioxide and refrigerant gases.
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.
CC vs NCLH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.2B |
| Net Profit | $-47.0M | $14.3M |
| Gross Margin | 11.7% | 41.0% |
| Operating Margin | — | 8.3% |
| Net Margin | -3.5% | 0.6% |
| Revenue YoY | -2.1% | 6.4% |
| Net Profit YoY | -261.5% | -94.4% |
| EPS (diluted) | $-0.32 | $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.
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.6B | $2.5B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.4B | $2.2B |
| Q4 25 | $-47.0M | $14.3M | ||
| Q3 25 | $46.0M | $419.3M | ||
| Q2 25 | $-380.0M | $30.0M | ||
| Q1 25 | $-5.0M | $-40.3M | ||
| Q4 24 | $-13.0M | $254.5M | ||
| Q3 24 | $-32.0M | $474.9M | ||
| Q2 24 | $60.0M | $163.4M | ||
| Q1 24 | $54.0M | $17.4M |
| Q4 25 | 11.7% | 41.0% | ||
| Q3 25 | 15.6% | 47.1% | ||
| Q2 25 | 17.2% | 42.1% | ||
| Q1 25 | 17.3% | 38.7% | ||
| Q4 24 | 19.4% | 38.0% | ||
| Q3 24 | 19.0% | 45.2% | ||
| Q2 24 | 19.8% | 38.7% | ||
| Q1 24 | 20.9% | 36.7% |
| Q4 25 | — | 8.3% | ||
| Q3 25 | 2.5% | 25.5% | ||
| Q2 25 | -15.4% | 16.8% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | -0.1% | 10.2% | ||
| Q3 24 | -2.1% | 24.6% | ||
| Q2 24 | 4.4% | 14.4% | ||
| Q1 24 | 5.1% | 10.0% |
| Q4 25 | -3.5% | 0.6% | ||
| Q3 25 | 3.1% | 14.3% | ||
| Q2 25 | -23.5% | 1.2% | ||
| Q1 25 | -0.4% | -1.9% | ||
| Q4 24 | -1.0% | 12.1% | ||
| Q3 24 | -2.1% | 16.9% | ||
| Q2 24 | 3.9% | 6.9% | ||
| Q1 24 | 4.0% | 0.8% |
| Q4 25 | $-0.32 | $0.08 | ||
| Q3 25 | $0.31 | $0.86 | ||
| Q2 25 | $-2.53 | $0.07 | ||
| Q1 25 | $-0.03 | $-0.09 | ||
| Q4 24 | $-0.07 | $0.55 | ||
| Q3 24 | $-0.22 | $0.95 | ||
| Q2 24 | $0.39 | $0.35 | ||
| Q1 24 | $0.36 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $670.0M | $209.9M |
| Total DebtLower is stronger | $4.1B | $13.7B |
| Stockholders' EquityBook value | $250.0M | $2.2B |
| Total Assets | $7.4B | $22.5B |
| Debt / EquityLower = less leverage | 16.40× | 6.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $670.0M | $209.9M | ||
| Q3 25 | $613.0M | $166.8M | ||
| Q2 25 | $502.0M | $184.0M | ||
| Q1 25 | $464.0M | $184.4M | ||
| Q4 24 | $713.0M | $190.8M | ||
| Q3 24 | $596.0M | $332.5M | ||
| Q2 24 | $604.0M | $594.1M | ||
| Q1 24 | $746.0M | $559.8M |
| Q4 25 | $4.1B | $13.7B | ||
| Q3 25 | $4.1B | $13.6B | ||
| Q2 25 | $4.1B | $12.6B | ||
| Q1 25 | $4.1B | $12.9B | ||
| Q4 24 | $4.1B | $11.8B | ||
| Q3 24 | $4.0B | $11.8B | ||
| Q2 24 | $4.0B | $11.9B | ||
| Q1 24 | $4.0B | $12.0B |
| Q4 25 | $250.0M | $2.2B | ||
| Q3 25 | $274.0M | $2.2B | ||
| Q2 25 | $228.0M | $1.6B | ||
| Q1 25 | $566.0M | $1.4B | ||
| Q4 24 | $571.0M | $1.4B | ||
| Q3 24 | $643.0M | $1.1B | ||
| Q2 24 | $714.0M | $693.1M | ||
| Q1 24 | $753.0M | $362.1M |
| Q4 25 | $7.4B | $22.5B | ||
| Q3 25 | $7.5B | $22.2B | ||
| Q2 25 | $7.5B | $21.6B | ||
| Q1 25 | $7.4B | $21.4B | ||
| Q4 24 | $7.5B | $20.0B | ||
| Q3 24 | $7.5B | $19.8B | ||
| Q2 24 | $7.2B | $20.1B | ||
| Q1 24 | $8.0B | $19.8B |
| Q4 25 | 16.40× | 6.21× | ||
| Q3 25 | 14.96× | 6.22× | ||
| Q2 25 | 17.99× | 8.05× | ||
| Q1 25 | 7.18× | 9.09× | ||
| Q4 24 | 7.11× | 8.26× | ||
| Q3 24 | 6.20× | 10.35× | ||
| Q2 24 | 5.53× | 17.19× | ||
| Q1 24 | 5.27× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $137.0M | $459.1M |
| Free Cash FlowOCF − Capex | $92.0M | $21.5M |
| FCF MarginFCF / Revenue | 6.9% | 1.0% |
| Capex IntensityCapex / Revenue | 3.4% | 19.5% |
| Cash ConversionOCF / Net Profit | — | 32.21× |
| TTM Free Cash FlowTrailing 4 quarters | $51.0M | $-1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.0M | $459.1M | ||
| Q3 25 | $146.0M | $236.6M | ||
| Q2 25 | $93.0M | $714.9M | ||
| Q1 25 | $-112.0M | $679.2M | ||
| Q4 24 | $138.0M | $399.3M | ||
| Q3 24 | $139.0M | $172.5M | ||
| Q2 24 | $-620.0M | $670.9M | ||
| Q1 24 | $-290.0M | $807.2M |
| Q4 25 | $92.0M | $21.5M | ||
| Q3 25 | $105.0M | $-726.5M | ||
| Q2 25 | $50.0M | $381.2M | ||
| Q1 25 | $-196.0M | $-846.0M | ||
| Q4 24 | $29.0M | $155.8M | ||
| Q3 24 | $63.0M | $-195.5M | ||
| Q2 24 | $-693.0M | $330.2M | ||
| Q1 24 | $-392.0M | $548.3M |
| Q4 25 | 6.9% | 1.0% | ||
| Q3 25 | 7.0% | -24.7% | ||
| Q2 25 | 3.1% | 15.1% | ||
| Q1 25 | -14.3% | -39.8% | ||
| Q4 24 | 2.1% | 7.4% | ||
| Q3 24 | 4.2% | -7.0% | ||
| Q2 24 | -44.6% | 13.9% | ||
| Q1 24 | -28.8% | 25.0% |
| Q4 25 | 3.4% | 19.5% | ||
| Q3 25 | 2.7% | 32.8% | ||
| Q2 25 | 2.7% | 13.3% | ||
| Q1 25 | 6.1% | 71.7% | ||
| Q4 24 | 8.0% | 11.5% | ||
| Q3 24 | 5.0% | 13.1% | ||
| Q2 24 | 4.7% | 14.4% | ||
| Q1 24 | 7.5% | 11.8% |
| Q4 25 | — | 32.21× | ||
| Q3 25 | 3.17× | 0.56× | ||
| Q2 25 | — | 23.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | -10.33× | 4.10× | ||
| Q1 24 | -5.37× | 46.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
