Invesaro

Stocks Comparison

Norwegian Cruise Line vs Teekay Tankers: revenue, profit, margins and growth compared

Norwegian Cruise Line brought in $9.8B of revenue in fiscal 2025, Teekay Tankers $951.8M in fiscal 2025. Revenue changed by +3.7% at Norwegian Cruise Line and -22.6% at Teekay Tankers on the year before, so Norwegian Cruise Line grew faster. Norwegian Cruise Line kept 4.3% of its revenue as net profit, Teekay Tankers 36.9%. Free cash flow was -$1.2B at Norwegian Cruise Line and $115.6M at Teekay Tankers.

Side by side, latest fiscal year

NCLHTNK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.8B$951.8M
Revenue growth+3.7%-22.6%
Net income$423.2M$351.2M
Net margin4.3%36.9%
Free cash flow-$1.2B$115.6M
Free cash flow margin-11.9%12.1%
Earnings per share (diluted)$0.92$10.10
Cash$209.9M$830.6M
Debt$14.6Bn/a
Price to earnings15.9n/a
Market value$6.7B$3.3B
Dividend yieldn/an/a
Rank by revenue in sector#122 of 778 · Consumer discretionary#471 of 778 · Consumer discretionary

Over the years

Revenue
NCLH FY2018: $6.1BNCLH FY2019: $6.5BNCLH FY2020: $1.3BNCLH FY2021: $648MNCLH FY2022: $4.8BNCLH FY2023: $8.5BNCLH FY2024: $9.5BNCLH FY2025: $9.8BTNK FY2018: $776.5MTNK FY2019: $943.9MTNK FY2020: $886.4MTNK FY2021: $542.4MTNK FY2022: $1.2BTNK FY2023: $1.5BTNK FY2024: $1.2BTNK FY2025: $951.8MFY18FY19FY20FY21FY22FY23FY24FY25
NCLH $9.8BTNK $951.8M
Net income
NCLH FY2018: $954.8MNCLH FY2019: $930.2MNCLH FY2020: -$4BNCLH FY2021: -$4.5BNCLH FY2022: -$2.3BNCLH FY2023: $166.2MNCLH FY2024: $910.3MNCLH FY2025: $423.2MTNK FY2018: -$52.5MTNK FY2019: $41.4MTNK FY2020: $87.3MTNK FY2021: -$242.4MTNK FY2022: $235.4MTNK FY2023: $519.9MTNK FY2024: $403.7MTNK FY2025: $351.2MFY18FY19FY20FY21FY22FY23FY24FY25
NCLH $423.2MTNK $351.2M
Net margin
NCLH FY2018: 15.8%NCLH FY2019: 14.4%NCLH FY2020: -313.5%NCLH FY2021: -695.5%NCLH FY2022: -46.9%NCLH FY2023: 1.9%NCLH FY2024: 9.6%NCLH FY2025: 4.3%TNK FY2018: -6.8%TNK FY2019: 4.4%TNK FY2020: 9.9%TNK FY2021: -44.7%TNK FY2022: 20.0%TNK FY2023: 35.3%TNK FY2024: 32.8%TNK FY2025: 36.9%FY18FY19FY20FY21FY22FY23FY24FY25
NCLH 4.3%TNK 36.9%
Revenue growth
NCLH FY2019: +6.7%NCLH FY2020: -80.2%NCLH FY2021: -49.4%NCLH FY2022: +647.5%NCLH FY2023: +76.5%NCLH FY2024: +10.9%NCLH FY2025: +3.7%TNK FY2019: +21.6%TNK FY2020: -6.1%TNK FY2021: -38.8%TNK FY2022: +117.2%TNK FY2023: +25.1%TNK FY2024: -16.6%TNK FY2025: -22.6%FY19FY20FY21FY22FY23FY24FY25
NCLH +3.7%TNK -22.6%
Free cash flow
NCLH FY2018: $508.4MNCLH FY2019: $185.4MNCLH FY2020: -$3.5BNCLH FY2021: -$3.2BNCLH FY2022: -$1.6BNCLH FY2023: -$744.6MNCLH FY2024: $838.9MNCLH FY2025: -$1.2BTNK FY2018: -$13.1MTNK FY2019: $106MTNK FY2020: $331.9MTNK FY2021: -$128.8MTNK FY2022: $199.7MTNK FY2023: $631.2MTNK FY2024: $401.4MTNK FY2025: $115.6MFY18FY19FY20FY21FY22FY23FY24FY25
NCLH -$1.2BTNK $115.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Norwegian Cruise Line and Teekay Tankers

Which is bigger by revenue, Norwegian Cruise Line or Teekay Tankers?

Norwegian Cruise Line is bigger by revenue: $9.8B in fiscal 2025, against $951.8M for Teekay Tankers in fiscal 2025.

Which keeps more of its revenue as profit, Norwegian Cruise Line or Teekay Tankers?

Norwegian Cruise Line had a net margin of 4.3% in fiscal 2025; Teekay Tankers had 36.9% in fiscal 2025.

Which grew revenue faster, Norwegian Cruise Line or Teekay Tankers?

In their latest fiscal years revenue changed by +3.7% at Norwegian Cruise Line and -22.6% at Teekay Tankers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies