No disclosed counterparties: RCL, NCLH.
| Stage | RCL | % of rev | NCLH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.6B | 100.00% | $2.9B | 100.00% | RCL ×1.90 |
| Gross profit | $2.9B | 51.51% | $1.3B | 43.41% | RCL +8.1pp |
| Operating income | $1.9B | 33.46% | $624M | 21.19% | RCL +12.3pp |
| Pre-tax income | $1.8B | 31.51% | $485M | 16.45% | RCL +15.1pp |
| Net income | $1.7B | 31.03% | $491M | 16.68% | RCL +14.4pp |
| Stage | RCL | NCLH | Gap · A − B |
|---|---|---|---|
| Revenue | $5.6B100.00% | $2.9B100.00% | RCL ×1.90 |
| Gross profit | 51.51%$2.9B | 43.41%$1.3B | RCL +8.1pp |
| Operating income | 33.46%$1.9B | 21.19%$624M | RCL +12.3pp |
| Pre-tax income | 31.51%$1.8B | 16.45%$485M | RCL +15.1pp |
| Net income | 31.03%$1.7B | 16.68%$491M | RCL +14.4pp |