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Side-by-side financial comparison of Dole plc (DOLE) and Norwegian Cruise Line Holdings (NCLH). Click either name above to swap in a different company.

Dole plc is the larger business by last-quarter revenue ($2.3B vs $2.2B, roughly 1.0× Norwegian Cruise Line Holdings). Norwegian Cruise Line Holdings runs the higher net margin — 0.6% vs 0.2%, a 0.4% gap on every dollar of revenue. On growth, Dole plc posted the faster year-over-year revenue change (10.5% vs 6.4%). Dole plc produced more free cash flow last quarter ($66.5M vs $21.5M). Over the past eight quarters, Dole plc's revenue compounded faster (3.2% CAGR vs 1.2%).

Dole plc is an Irish-American agricultural multinational corporation headquartered in Dublin, Ireland. The company is among the world's largest producers of fruit and vegetables, operating with 38,500 full-time and seasonal employees who supply some 300 products in 75 countries. Dole reported 2021 revenues of $6.5 billion.

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.

DOLE vs NCLH — Head-to-Head

Bigger by revenue
DOLE
DOLE
1.0× larger
DOLE
$2.3B
$2.2B
NCLH
Growing faster (revenue YoY)
DOLE
DOLE
+4.1% gap
DOLE
10.5%
6.4%
NCLH
Higher net margin
NCLH
NCLH
0.4% more per $
NCLH
0.6%
0.2%
DOLE
More free cash flow
DOLE
DOLE
$45.0M more FCF
DOLE
$66.5M
$21.5M
NCLH
Faster 2-yr revenue CAGR
DOLE
DOLE
Annualised
DOLE
3.2%
1.2%
NCLH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DOLE
DOLE
NCLH
NCLH
Revenue
$2.3B
$2.2B
Net Profit
$5.1M
$14.3M
Gross Margin
6.8%
41.0%
Operating Margin
1.1%
8.3%
Net Margin
0.2%
0.6%
Revenue YoY
10.5%
6.4%
Net Profit YoY
-64.6%
-94.4%
EPS (diluted)
$0.05
$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
DOLE
DOLE
NCLH
NCLH
Q4 25
$2.2B
Q3 25
$2.3B
$2.9B
Q2 25
$2.4B
$2.5B
Q1 25
$2.1B
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
$2.8B
Q2 24
$2.1B
$2.4B
Q1 24
$2.1B
$2.2B
Net Profit
DOLE
DOLE
NCLH
NCLH
Q4 25
$14.3M
Q3 25
$5.1M
$419.3M
Q2 25
$10.0M
$30.0M
Q1 25
$38.9M
$-40.3M
Q4 24
$254.5M
Q3 24
$14.4M
$474.9M
Q2 24
$80.1M
$163.4M
Q1 24
$70.1M
$17.4M
Gross Margin
DOLE
DOLE
NCLH
NCLH
Q4 25
41.0%
Q3 25
6.8%
47.1%
Q2 25
9.0%
42.1%
Q1 25
8.7%
38.7%
Q4 24
38.0%
Q3 24
8.0%
45.2%
Q2 24
9.4%
38.7%
Q1 24
9.2%
36.7%
Operating Margin
DOLE
DOLE
NCLH
NCLH
Q4 25
8.3%
Q3 25
1.1%
25.5%
Q2 25
4.3%
16.8%
Q1 25
3.2%
9.4%
Q4 24
10.2%
Q3 24
2.3%
24.6%
Q2 24
4.0%
14.4%
Q1 24
5.3%
10.0%
Net Margin
DOLE
DOLE
NCLH
NCLH
Q4 25
0.6%
Q3 25
0.2%
14.3%
Q2 25
0.4%
1.2%
Q1 25
1.9%
-1.9%
Q4 24
12.1%
Q3 24
0.7%
16.9%
Q2 24
3.8%
6.9%
Q1 24
3.3%
0.8%
EPS (diluted)
DOLE
DOLE
NCLH
NCLH
Q4 25
$0.08
Q3 25
$0.05
$0.86
Q2 25
$0.10
$0.07
Q1 25
$0.41
$-0.09
Q4 24
$0.55
Q3 24
$0.15
$0.95
Q2 24
$0.84
$0.35
Q1 24
$0.74
$0.04

Balance Sheet & Financial Strength

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

Metric
DOLE
DOLE
NCLH
NCLH
Cash + ST InvestmentsLiquidity on hand
$321.0M
$209.9M
Total DebtLower is stronger
$13.7B
Stockholders' EquityBook value
$1.4B
$2.2B
Total Assets
$4.5B
$22.5B
Debt / EquityLower = less leverage
6.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOLE
DOLE
NCLH
NCLH
Q4 25
$209.9M
Q3 25
$321.0M
$166.8M
Q2 25
$323.1M
$184.0M
Q1 25
$261.0M
$184.4M
Q4 24
$190.8M
Q3 24
$266.4M
$332.5M
Q2 24
$225.8M
$594.1M
Q1 24
$245.5M
$559.8M
Total Debt
DOLE
DOLE
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
DOLE
DOLE
NCLH
NCLH
Q4 25
$2.2B
Q3 25
$1.4B
$2.2B
Q2 25
$1.4B
$1.6B
Q1 25
$1.3B
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
$1.1B
Q2 24
$1.4B
$693.1M
Q1 24
$1.3B
$362.1M
Total Assets
DOLE
DOLE
NCLH
NCLH
Q4 25
$22.5B
Q3 25
$4.5B
$22.2B
Q2 25
$4.7B
$21.6B
Q1 25
$4.5B
$21.4B
Q4 24
$20.0B
Q3 24
$4.5B
$19.8B
Q2 24
$4.4B
$20.1B
Q1 24
$4.5B
$19.8B
Debt / Equity
DOLE
DOLE
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
DOLE
DOLE
NCLH
NCLH
Operating Cash FlowLast quarter
$87.4M
$459.1M
Free Cash FlowOCF − Capex
$66.5M
$21.5M
FCF MarginFCF / Revenue
2.9%
1.0%
Capex IntensityCapex / Revenue
0.9%
19.5%
Cash ConversionOCF / Net Profit
17.12×
32.21×
TTM Free Cash FlowTrailing 4 quarters
$13.7M
$-1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOLE
DOLE
NCLH
NCLH
Q4 25
$459.1M
Q3 25
$87.4M
$236.6M
Q2 25
$18.3M
$714.9M
Q1 25
$-78.8M
$679.2M
Q4 24
$399.3M
Q3 24
$101.0M
$172.5M
Q2 24
$40.2M
$670.9M
Q1 24
$-35.0M
$807.2M
Free Cash Flow
DOLE
DOLE
NCLH
NCLH
Q4 25
$21.5M
Q3 25
$66.5M
$-726.5M
Q2 25
$-1.0M
$381.2M
Q1 25
$-131.6M
$-846.0M
Q4 24
$155.8M
Q3 24
$79.9M
$-195.5M
Q2 24
$22.8M
$330.2M
Q1 24
$-53.2M
$548.3M
FCF Margin
DOLE
DOLE
NCLH
NCLH
Q4 25
1.0%
Q3 25
2.9%
-24.7%
Q2 25
-0.0%
15.1%
Q1 25
-6.3%
-39.8%
Q4 24
7.4%
Q3 24
3.9%
-7.0%
Q2 24
1.1%
13.9%
Q1 24
-2.5%
25.0%
Capex Intensity
DOLE
DOLE
NCLH
NCLH
Q4 25
19.5%
Q3 25
0.9%
32.8%
Q2 25
0.8%
13.3%
Q1 25
2.5%
71.7%
Q4 24
11.5%
Q3 24
1.0%
13.1%
Q2 24
0.8%
14.4%
Q1 24
0.9%
11.8%
Cash Conversion
DOLE
DOLE
NCLH
NCLH
Q4 25
32.21×
Q3 25
17.12×
0.56×
Q2 25
1.84×
23.83×
Q1 25
-2.02×
Q4 24
1.57×
Q3 24
7.01×
0.36×
Q2 24
0.50×
4.10×
Q1 24
-0.50×
46.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOLE
DOLE

Segment breakdown not available.

NCLH
NCLH

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

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