Earnings history

last 4 reports each · paired by recencyMethod

NCLH

4 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±7.4%+13.45%×1.81

Q2 FY26±9.1%−9.78%×1.08

May 4 '26±8.1%−8.56%×1.06

Q1 FY26±8.6%−10.53%×1.22

SDRL

0 of 3at or beyond implied

Reportimpliedrealized× implied

Q3 FY26thin chain±9.9%−6.48%×0.66

Q2 FY26—+8.14%—

May 11 '26±7.1%+3.39%×0.48

Q1 FY26±10.0%−4.33%×0.43

= impliedNCLH realized, solidSDRL realized, hatchedOne scale, both sides: full bar = 14%× = |realized| ÷ impliedSource: market data

NCLH compared with SDRL: revenue, margins and what each company keeps, and the suppliers and customers both name