Norwegian Air Shuttle ASA (OSL:NAS) Revenue: kr37,968 Mil (TTM As of Mar. 2026)


OSL:NAS Norwegian Air Shuttle ASA OSL:NAS
73 GF Score
Price kr13.71
GF Value kr16.07
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA Revenue?

Norwegian Air Shuttle ASA OSL:NAS +0.11% 73 Revenue is kr37,968 Mil as of Mar. 2026. GuruFocus rates OSL:NAS with a GF Score™ of 73/100 and a GF Value™ of kr16.07 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Norwegian Air Shuttle ASA's revenue for the three months ended in Mar. 2026 was kr6,904 Mil. Its revenue for the trailing twelve months (TTM) ended in Mar. 2026 was kr37,968 Mil. Norwegian Air Shuttle ASA's Revenue per Share for the three months ended in Mar. 2026 was kr6.56. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was kr35.41.

Warning Sign:

Norwegian Air Shuttle ASA revenue per share has been in decline for the last 5 years.

During the past 12 months, the average Revenue per Share Growth Rate of Norwegian Air Shuttle ASA was 4.30% per year. During the past 3 years, the average Revenue per Share Growth Rate was 27.40% per year. During the past 5 years, the average Revenue per Share Growth Rate was -8.80% per year. During the past 10 years, the average Revenue per Share Growth Rate was -61.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, Norwegian Air Shuttle ASA's highest 3-Year average Revenue per Share Growth Rate was 109.50% per year. The lowest was -93.40% per year. And the median was 18.50% per year.


Norwegian Air Shuttle ASA  (OSL:NAS) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Norwegian Air Shuttle ASA Revenue Related Terms


Norwegian Air Shuttle ASA Revenue Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norwegian Air Shuttle ASA Revenue Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,067.80 18,869.30 25,539.30 35,316.00 37,646.00

Norwegian Air Shuttle ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,582.00 10,288.90 12,252.00 8,523.00 6,904.00

OSL:NAS vs DAL, UAL, LUV: Revenue Comparison

For the Airlines subindustry, Norwegian Air Shuttle ASA's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norwegian Air Shuttle ASA Revenue vs Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Revenue distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Revenue falls into.


OSL:NAS
73GF Score
Norwegian Air Shuttle ASA OSL:NAS
Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Air Shuttle ASA Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr37,968 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Revenue →
What does a Revenue of kr37,968 Mil mean?
Norwegian Air Shuttle ASA (OSL:NAS) has a Revenue of kr37,968 Mil as of Mar. 2026. Revenue is the total amount a company generates as sales through its operations. View historical data on Norwegian Air Shuttle ASA and its competitors.
Is Norwegian Air Shuttle ASA's Revenue too high?
Norwegian Air Shuttle ASA's current Revenue is kr37,968 Mil. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Revenue compare to DAL and UAL?
Norwegian Air Shuttle ASA's Revenue of kr37,968 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Revenue for a Transportation company?
A good Revenue depends on the Transportation industry context. However, Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Revenue mean?
A high Revenue can signal that a stock is expensive relative to its fundamentals. Revenue is the total amount a company generates as sales through its operations. View historical data on Norwegian Air Shuttle ASA and its competitors. Norwegian Air Shuttle ASA's current Revenue is kr37,968 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr16.07, compared to a current price of kr13.71 — trading 14.7% below its estimated fair value. The current Revenue is kr37,968 Mil. Norwegian Air Shuttle ASA's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Revenue calculated?
Revenue is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current Revenue is kr37,968 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norwegian Air Shuttle ASA (OSL:NAS) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued. The current stock price of kr13.71 is trading 14.7% below its estimated GF Value™ of kr16.07. GuruFocus considers Norwegian Air Shuttle ASA to be Modestly Undervalued.

Key valuation signals for OSL:NAS:

  • Revenue: kr37,968 Mil
  • GF Value™: kr16.07 vs. price of kr13.71 (14.7% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the OSL:NAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
73GF Score

Get the complete analysis for OSL:NAS

Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr13.71
Price
kr16.07
GF Value