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Side-by-side financial comparison of Genpact LTD (G) 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 ($2.3B vs $1.3B, roughly 1.8× Genpact LTD). Genpact LTD runs the higher net margin — 11.4% vs 4.5%, a 6.9% gap on every dollar of revenue. On growth, Norwegian Cruise Line Holdings posted the faster year-over-year revenue change (9.6% vs 6.7%). Over the past eight quarters, Genpact LTD's revenue compounded faster (5.0% CAGR vs -0.9%).

Genpact Ltd. is an American information technology services, consulting, and outsourcing company headquartered in New York City, New York. Founded in Gurgaon, India, and legally domiciled in Bermuda, Genpact employs more than 125,000 people and provides services to clients in over 30 countries worldwide. Genpact is listed on the NYSE and generated revenues of US$4.48 billion in 2023.

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.

G vs NCLH — Head-to-Head

Bigger by revenue
NCLH
NCLH
1.8× larger
NCLH
$2.3B
$1.3B
G
Growing faster (revenue YoY)
NCLH
NCLH
+2.9% gap
NCLH
9.6%
6.7%
G
Higher net margin
G
G
6.9% more per $
G
11.4%
4.5%
NCLH
Faster 2-yr revenue CAGR
G
G
Annualised
G
5.0%
-0.9%
NCLH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
G
G
NCLH
NCLH
Revenue
$1.3B
$2.3B
Net Profit
$148.0M
$104.7M
Gross Margin
36.4%
Operating Margin
15.3%
10.0%
Net Margin
11.4%
4.5%
Revenue YoY
6.7%
9.6%
Net Profit YoY
13.1%
EPS (diluted)
$0.86
$0.23

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
G
G
NCLH
NCLH
Q1 26
$1.3B
$2.3B
Q4 25
$1.3B
$2.2B
Q3 25
$1.3B
$2.9B
Q2 25
$1.3B
$2.5B
Q1 25
$1.2B
$2.1B
Q4 24
$1.2B
$2.1B
Q3 24
$1.2B
$2.8B
Q2 24
$1.2B
$2.4B
Net Profit
G
G
NCLH
NCLH
Q1 26
$148.0M
$104.7M
Q4 25
$143.1M
$14.3M
Q3 25
$145.8M
$419.3M
Q2 25
$132.7M
$30.0M
Q1 25
$130.9M
$-40.3M
Q4 24
$141.9M
$254.5M
Q3 24
$132.8M
$474.9M
Q2 24
$122.0M
$163.4M
Gross Margin
G
G
NCLH
NCLH
Q1 26
36.4%
Q4 25
36.6%
41.0%
Q3 25
36.4%
47.1%
Q2 25
35.9%
42.1%
Q1 25
35.3%
38.7%
Q4 24
35.7%
38.0%
Q3 24
35.6%
45.2%
Q2 24
35.4%
38.7%
Operating Margin
G
G
NCLH
NCLH
Q1 26
15.3%
10.0%
Q4 25
14.8%
8.3%
Q3 25
14.8%
25.5%
Q2 25
14.3%
16.8%
Q1 25
15.1%
9.4%
Q4 24
15.2%
10.2%
Q3 24
15.0%
24.6%
Q2 24
14.5%
14.4%
Net Margin
G
G
NCLH
NCLH
Q1 26
11.4%
4.5%
Q4 25
10.8%
0.6%
Q3 25
11.3%
14.3%
Q2 25
10.6%
1.2%
Q1 25
10.8%
-1.9%
Q4 24
11.4%
12.1%
Q3 24
11.0%
16.9%
Q2 24
10.4%
6.9%
EPS (diluted)
G
G
NCLH
NCLH
Q1 26
$0.86
$0.23
Q4 25
$0.82
$0.08
Q3 25
$0.83
$0.86
Q2 25
$0.75
$0.07
Q1 25
$0.73
$-0.09
Q4 24
$0.80
$0.55
Q3 24
$0.74
$0.95
Q2 24
$0.67
$0.35

Balance Sheet & Financial Strength

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

Metric
G
G
NCLH
NCLH
Cash + ST InvestmentsLiquidity on hand
$928.1M
$185.0M
Total DebtLower is stronger
$1.5B
$15.2B
Stockholders' EquityBook value
$2.5B
$2.4B
Total Assets
$5.6B
$23.8B
Debt / EquityLower = less leverage
0.62×
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
G
G
NCLH
NCLH
Q1 26
$928.1M
$185.0M
Q4 25
$1.2B
$209.9M
Q3 25
$740.8M
$166.8M
Q2 25
$663.3M
$184.0M
Q1 25
$561.6M
$184.4M
Q4 24
$671.6M
$190.8M
Q3 24
$1.0B
$332.5M
Q2 24
$914.2M
$594.1M
Total Debt
G
G
NCLH
NCLH
Q1 26
$1.5B
$15.2B
Q4 25
$1.5B
$13.7B
Q3 25
$1.2B
$13.6B
Q2 25
$1.2B
$12.6B
Q1 25
$1.2B
$12.9B
Q4 24
$1.2B
$11.8B
Q3 24
$1.6B
$11.8B
Q2 24
$1.6B
$11.9B
Stockholders' Equity
G
G
NCLH
NCLH
Q1 26
$2.5B
$2.4B
Q4 25
$2.5B
$2.2B
Q3 25
$2.5B
$2.2B
Q2 25
$2.6B
$1.6B
Q1 25
$2.5B
$1.4B
Q4 24
$2.4B
$1.4B
Q3 24
$2.4B
$1.1B
Q2 24
$2.3B
$693.1M
Total Assets
G
G
NCLH
NCLH
Q1 26
$5.6B
$23.8B
Q4 25
$5.8B
$22.5B
Q3 25
$5.4B
$22.2B
Q2 25
$5.3B
$21.6B
Q1 25
$4.9B
$21.4B
Q4 24
$5.0B
$20.0B
Q3 24
$5.3B
$19.8B
Q2 24
$5.2B
$20.1B
Debt / Equity
G
G
NCLH
NCLH
Q1 26
0.62×
6.23×
Q4 25
0.60×
6.21×
Q3 25
0.47×
6.22×
Q2 25
0.47×
8.05×
Q1 25
0.50×
9.09×
Q4 24
0.51×
8.26×
Q3 24
0.68×
10.35×
Q2 24
0.70×
17.19×

Cash Flow & Capital Efficiency

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

Metric
G
G
NCLH
NCLH
Operating Cash FlowLast quarter
$811.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
16.3%
Cash ConversionOCF / Net Profit
7.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
G
G
NCLH
NCLH
Q1 26
$811.5M
Q4 25
$286.7M
$459.1M
Q3 25
$308.4M
$236.6M
Q2 25
$177.4M
$714.9M
Q1 25
$40.4M
$679.2M
Q4 24
$203.2M
$399.3M
Q3 24
$228.5M
$172.5M
Q2 24
$209.3M
$670.9M
Free Cash Flow
G
G
NCLH
NCLH
Q1 26
Q4 25
$269.0M
$21.5M
Q3 25
$292.0M
$-726.5M
Q2 25
$155.1M
$381.2M
Q1 25
$18.5M
$-846.0M
Q4 24
$183.5M
$155.8M
Q3 24
$208.7M
$-195.5M
Q2 24
$190.0M
$330.2M
FCF Margin
G
G
NCLH
NCLH
Q1 26
Q4 25
20.4%
1.0%
Q3 25
22.6%
-24.7%
Q2 25
12.4%
15.1%
Q1 25
1.5%
-39.8%
Q4 24
14.7%
7.4%
Q3 24
17.2%
-7.0%
Q2 24
16.2%
13.9%
Capex Intensity
G
G
NCLH
NCLH
Q1 26
16.3%
Q4 25
1.3%
19.5%
Q3 25
1.3%
32.8%
Q2 25
1.8%
13.3%
Q1 25
1.8%
71.7%
Q4 24
1.6%
11.5%
Q3 24
1.6%
13.1%
Q2 24
1.6%
14.4%
Cash Conversion
G
G
NCLH
NCLH
Q1 26
7.75×
Q4 25
2.00×
32.21×
Q3 25
2.11×
0.56×
Q2 25
1.34×
23.83×
Q1 25
0.31×
Q4 24
1.43×
1.57×
Q3 24
1.72×
0.36×
Q2 24
1.72×
4.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

G
G

Core Business Services$950.8M73%
Advanced Technology Solutions$345.2M27%

NCLH
NCLH

Passenger ticket$1.5B66%
Onboard and other$788.9M34%

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