vs
Side-by-side financial comparison of Norwegian Cruise Line Holdings (NCLH) and Roper Technologies (ROP). 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 $2.1B, roughly 1.1× Roper Technologies). Roper Technologies runs the higher net margin — 15.8% vs 0.6%, a 15.2% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 6.4%). Roper Technologies produced more free cash flow last quarter ($507.0M vs $21.5M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs 1.2%).
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.
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
NCLH vs ROP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.1B |
| Net Profit | $14.3M | $331.0M |
| Gross Margin | 41.0% | 69.4% |
| Operating Margin | 8.3% | 27.2% |
| Net Margin | 0.6% | 15.8% |
| Revenue YoY | 6.4% | 11.3% |
| Net Profit YoY | -94.4% | 53.7% |
| EPS (diluted) | $0.08 | $4.87 |
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.
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.5B | $1.9B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.4B | $1.7B |
| Q1 26 | — | $331.0M | ||
| Q4 25 | $14.3M | $428.4M | ||
| Q3 25 | $419.3M | $398.5M | ||
| Q2 25 | $30.0M | $378.3M | ||
| Q1 25 | $-40.3M | $331.1M | ||
| Q4 24 | $254.5M | $462.3M | ||
| Q3 24 | $474.9M | $367.9M | ||
| Q2 24 | $163.4M | $337.1M |
| Q1 26 | — | 69.4% | ||
| Q4 25 | 41.0% | 69.5% | ||
| Q3 25 | 47.1% | 69.5% | ||
| Q2 25 | 42.1% | 69.2% | ||
| Q1 25 | 38.7% | 68.7% | ||
| Q4 24 | 38.0% | 68.3% | ||
| Q3 24 | 45.2% | 69.2% | ||
| Q2 24 | 38.7% | 69.5% |
| Q1 26 | — | 27.2% | ||
| Q4 25 | 8.3% | 28.6% | ||
| Q3 25 | 25.5% | 28.4% | ||
| Q2 25 | 16.8% | 28.2% | ||
| Q1 25 | 9.4% | 27.9% | ||
| Q4 24 | 10.2% | 28.0% | ||
| Q3 24 | 24.6% | 28.1% | ||
| Q2 24 | 14.4% | 28.8% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | 0.6% | 20.8% | ||
| Q3 25 | 14.3% | 19.8% | ||
| Q2 25 | 1.2% | 19.5% | ||
| Q1 25 | -1.9% | 17.6% | ||
| Q4 24 | 12.1% | 24.6% | ||
| Q3 24 | 16.9% | 20.8% | ||
| Q2 24 | 6.9% | 19.6% |
| Q1 26 | — | $4.87 | ||
| Q4 25 | $0.08 | $3.97 | ||
| Q3 25 | $0.86 | $3.68 | ||
| Q2 25 | $0.07 | $3.49 | ||
| Q1 25 | $-0.09 | $3.06 | ||
| Q4 24 | $0.55 | $4.29 | ||
| Q3 24 | $0.95 | $3.40 | ||
| Q2 24 | $0.35 | $3.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $209.9M | $382.9M |
| Total DebtLower is stronger | $13.7B | $9.7B |
| Stockholders' EquityBook value | $2.2B | $18.8B |
| Total Assets | $22.5B | $34.6B |
| Debt / EquityLower = less leverage | 6.21× | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.9M | ||
| Q4 25 | $209.9M | $297.4M | ||
| Q3 25 | $166.8M | $320.0M | ||
| Q2 25 | $184.0M | $242.4M | ||
| Q1 25 | $184.4M | $372.8M | ||
| Q4 24 | $190.8M | $188.2M | ||
| Q3 24 | $332.5M | $269.6M | ||
| Q2 24 | $594.1M | $251.5M |
| Q1 26 | — | $9.7B | ||
| Q4 25 | $13.7B | $9.3B | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $12.6B | — | ||
| Q1 25 | $12.9B | — | ||
| Q4 24 | $11.8B | $7.6B | ||
| Q3 24 | $11.8B | — | ||
| Q2 24 | $11.9B | — |
| Q1 26 | — | $18.8B | ||
| Q4 25 | $2.2B | $19.9B | ||
| Q3 25 | $2.2B | $20.0B | ||
| Q2 25 | $1.6B | $19.6B | ||
| Q1 25 | $1.4B | $19.2B | ||
| Q4 24 | $1.4B | $18.9B | ||
| Q3 24 | $1.1B | $18.5B | ||
| Q2 24 | $693.1M | $18.1B |
| Q1 26 | — | $34.6B | ||
| Q4 25 | $22.5B | $34.6B | ||
| Q3 25 | $22.2B | $34.6B | ||
| Q2 25 | $21.6B | $33.2B | ||
| Q1 25 | $21.4B | $31.4B | ||
| Q4 24 | $20.0B | $31.3B | ||
| Q3 24 | $19.8B | $31.6B | ||
| Q2 24 | $20.1B | $29.8B |
| Q1 26 | — | 0.52× | ||
| Q4 25 | 6.21× | 0.47× | ||
| Q3 25 | 6.22× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | 9.09× | — | ||
| Q4 24 | 8.26× | 0.40× | ||
| Q3 24 | 10.35× | — | ||
| Q2 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $459.1M | — |
| Free Cash FlowOCF − Capex | $21.5M | $507.0M |
| FCF MarginFCF / Revenue | 1.0% | 24.2% |
| Capex IntensityCapex / Revenue | 19.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 32.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $459.1M | $738.0M | ||
| Q3 25 | $236.6M | $869.5M | ||
| Q2 25 | $714.9M | $404.1M | ||
| Q1 25 | $679.2M | $528.7M | ||
| Q4 24 | $399.3M | $722.2M | ||
| Q3 24 | $172.5M | $755.4M | ||
| Q2 24 | $670.9M | $384.1M |
| Q1 26 | — | $507.0M | ||
| 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 26 | — | 24.2% | ||
| 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 26 | — | 0.5% | ||
| 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 26 | — | — | ||
| Q4 25 | 32.21× | 1.72× | ||
| Q3 25 | 0.56× | 2.18× | ||
| Q2 25 | 23.83× | 1.07× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | 1.57× | 1.56× | ||
| Q3 24 | 0.36× | 2.05× | ||
| Q2 24 | 4.10× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
ROP
Segment breakdown not available.
