Saturday 10 October 2026 Export all TNL data to Excel Powerpack

Travel + Leisure Co.

Travel + Leisure Co.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.06% from fiscal 2024. In the quarter to June 2026, revenue grew 4.42%, EPS grew 7.36%, free cash flow was flat and total debt rose 2.20%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.

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Market cap: $3.8B
P/E: 16.7×
Fwd P/E: 10.0×
Dividend yield: 3.77%
F-score: 6/9
Altman Z: 2.28
Beneish M: −2.71
Dividend safety: 53/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.07

Total sells 31.63

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	—	—	—	—	—	—
Sell	3	—	—	2	1	2	1	2	2	5	—	—

Insider Ownership 5.99%

Capital & Financial Ratios $m

Market Cap 3,830.00

Revenue 4,093.00

Net Income 237.00

Free Cash Flow 452.00

Net Debt 5,239.00

Current Ratio 3.15

Debt/Equity (5.60)

P/E ratio 16.70

Fwd P/E 9.97

P/S ratio 0.95

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 19.45%

Next Y EPS Growth 15.58%

Next Y revenue growth 4.00%

Next 5Y EPS Growth 16.61%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 86.77%

10-year low 10-year high

P/S against its own 10 years 37.92%

10-year low 10-year high

EV/Sales against its own 10 years 36.71%

10-year low 10-year high

EV/FCF against its own 10 years 50.26%

10-year low 10-year high

Dividends

Payout Ratio 0.64

Annual Dividend Rate 2.36

Annual Dividend Yield 3.77%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.42	0.60 0.60 0.60
2025	2.24	0.56 0.56 0.56 0.56
2024	2.00	0.50 0.50 0.50 0.50
2023	1.80	0.45 0.45 0.45 0.45
2022	1.60	0.40 0.40 0.40 0.40
2021	1.25	0.30 0.30 0.30 0.35
2020	1.60	0.50 0.50 0.30 0.30
2019	1.80	0.45 0.45 0.45 0.45
2018	1.53	0.30 0.41 0.41 0.41
2017	1.05	0.26 0.26 0.26 0.26
2016	0.90	0.23 0.23 0.23 0.23

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	458	329	426	471
Receivables	2,706	2,774	2,803	2,741
Inventory	1,135	1,227	1,128	1,179
Other	—	—	—	—
	4,528	4,544	4,571	4,655

	2023	2024	2025	Q'26
Payables	73	67	62	59
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,322	1,302	1,440	1,478

Compound Annual Growth %

	10y	5y	3y
Sales	(1.91%)	13.23%	4.07%
Cash Flow	(4.28%)	11.34%	13.13%
Earnings	(9.32%)	0.00%	(13.63%)
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	961	1,063	—	—	—
’25	934	1,018	1,044	1,025	4,021
’24	916	985	993	970	3,864
’23	879	949	986	936	3,750
’22	809	922	937	899	3,567
’21	628	797	839	870	3,134
’20	558	343	614	645	2,160

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	38	220	—	—	—
’25	121	232	163	124	640
’24	47	174	145	98	464
’23	7	103	88	152	350
’22	141	89	37	175	442
’21	78	212	145	133	568
’20	57	73	94	150	374

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	19	195	—	—	—
’25	100	195	136	102	533
’24	30	154	125	75	384
’23	(5)	87	74	120	276
’22	131	75	25	167	398
’21	66	199	130	116	511
’20	36	55	77	137	305

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.22	1.72	—	—	—
’25	1.07	1.62	1.67	(0.95)	3.44
’24	0.92	1.81	1.39	1.72	5.82
’23	0.81	1.25	1.49	1.77	5.28
’22	0.59	1.16	1.38	1.12	4.24
’21	0.33	0.82	1.15	1.22	3.52
’20	(1.54)	(1.92)	0.47	0.03	(2.97)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	27.35	34.02	33.55	34.77	13.74	42.79	33.57	32.10	37.99	37.77	Analyst estimates 2026–2028 Powerpack
	High	36.61	52.82	57.77	52.28	53.13	68.26	63.19	44.99	56.91	73.43
People
People	Employees	37,800	39,200	24,500	22,500	15,500	16,800	18,200	19,000	19,000	19,300
	Revenue/emp, $m	0.10	0.10	0.16	0.18	0.14	0.19	0.20	0.20	0.20	0.21
Income, $m
Income, $m	Revenue	3,692	3,806	3,931	4,043	2,160	3,134	3,567	3,750	3,864	4,021
	Gross margin, %	50.49	51.13	51.34	52.02	42.92	49.04	48.44	48.56	48.96	44.49
	EBT	542	318	396	680	(276)	429	486	485	513	337
	EBT margin, %	14.68	8.36	10.07	16.82	(12.78)	13.69	13.62	12.93	13.28	8.38
	Net income	612	855	672	507	(255)	308	357	396	411	230
	Depreciation	127	136	138	121	126	124	119	112	115	124
Per share, $
Per share, $	Revenue	33.59	36.95	39.75	43.90	25.09	36.23	42.77	50.34	55.12	61.30
	Earnings	5.56	8.46	6.80	5.50	(2.97)	3.56	4.28	5.31	5.87	3.51
	Cash flow	8.76	9.57	4.47	4.91	4.34	6.57	5.30	4.70	6.62	9.76
	Capex	(1.06)	(1.04)	(1.00)	(1.17)	(0.80)	(0.66)	(0.53)	(0.99)	(1.14)	(1.63)
	Free cash flow	7.70	8.53	3.47	3.74	3.54	5.91	4.77	3.70	5.48	8.13
	Book value	6.53	7.51	(5.75)	(5.69)	(11.24)	(9.18)	(10.84)	(12.31)	(12.55)	(14.97)
	Shares, m	110	103	99	92	86	87	83	75	70	66
Valuation, ×
Valuation, ×	P/E	6.15	6.19	5.29	9.35	0.00	15.57	8.26	7.62	8.55	20.33
	P/S	1.02	1.43	0.90	1.18	1.79	1.53	0.83	0.81	0.92	1.15
	P/B	5.25	7.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	2.46	3.01	2.74	2.51	4.15	3.21	2.73	2.69	2.75	2.90
	EV/FCF	10.75	13.03	31.39	29.45	29.39	19.69	24.49	36.48	27.71	21.84
Cash, $m
Cash, $m	Operating cash flow	963	986	442	452	374	568	442	350	464	640
	Capex	(117)	(107)	(99)	(108)	(69)	(57)	(44)	(74)	(80)	(107)
	Free cash flow	846	879	343	344	305	511	398	276	384	533
Balance, $m
Balance, $m	Working capital	(220)	3,044	3,320	3,599	1,793	2,997	3,273	3,206	3,242	3,131
	Total debt	5,441	6,006	5,471	5,833	6,418	5,313	5,642	5,646	5,591	5,598
	Net debt	5,328	5,787	5,098	5,331	5,101	4,816	4,954	5,188	5,262	5,172
	Shareholders’ equity	718	774	(569)	(524)	(968)	(794)	(904)	(917)	(880)	(982)
Returns, %
Returns, %	ROA	6.30	8.43	7.63	6.94	(3.39)	4.34	5.35	5.87	6.10	3.41
	ROIC	6.80	4.18	7.22	10.56	(1.59)	9.60	10.08	10.54	10.45	8.25
	ROE	73.13	114.48	655.61	(92.77)	34.18	(34.96)	(42.05)	(43.49)	(45.74)	(24.70)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CCL Carnival Corporation	$35.1B	11.4×	12.3×	+3.46% (above 0%: growing)	+0.06% (above 0%: growing)	−3.26% (below 0%: shrinking)	45.13%	26.31%	Compare
EXPE Expedia Group, Inc.	$32.4B	16.4×	14.4×	+13.97% (above 0%: growing)	+179.69% (above 0%: growing)	+38.87% (above 0%: growing)	90.66%	18.54%	Compare
TCOM Trip.com Group Limited Sponsored ADR	$24.7B	7.5×	12.8×	+11.39% (above 0%: growing)	n/m	+531.82% (above 0%: growing)	79.81%	(9.36%)	Compare
NCLH Norwegian Cruise Line Holdings Ltd.	$7.1B	9.3×	12.6×	+4.89% (above 0%: growing)	+585.71% (above 0%: growing)	−61.99% (below 0%: shrinking)	39.91%	13.76%	Compare
MMYT MakeMyTrip Limited	$4.1B	128×	82.6×	+6.22% (above 0%: growing)	−60.87% (below 0%: shrinking)	−36.17% (below 0%: shrinking)	74.55%	15.30%	Compare
TNL Travel + Leisure Co.	$3.8B	16.7×	10.0×	+4.42% (above 0%: growing)	+7.36% (above 0%: growing)	0.00%	51.18%	19.76%
LIND Lindblad Expeditions	$2.3B	— (loss-making)	127×	+18.64% (above 0%: growing)	n/m	+279.01% (above 0%: growing)	48.50%	6.00%	Compare
PRSU Pursuit Attractions and Hospitality, Inc.	$1.4B	39.3×	26.9×	+14.35% (above 0%: growing)	+175.00% (above 0%: growing)	−139.39% (below 0%: shrinking)	92.82%	18.59%	Compare
TRIP TripAdvisor, Inc.	$1.1B	217×	21.2×	−7.16% (below 0%: shrinking)	−34.48% (below 0%: shrinking)	−26.17% (below 0%: shrinking)	92.98%	8.55%	Compare
Median of peers	$5.6B	16.4×	17.8×	+8.81%	+87.53%	−14.71%	77.18%	14.53%

All 18 Travel Services stocks →

Travel + Leisure Co. (TNL) key facts

Concern: Net income was $230.0 million, or $3.51 per share (basic), a net margin of 5.72%.
Strength: Travel + Leisure Co.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.06% from fiscal 2024.
Travel + Leisure Co. (TNL) is a Travel Services company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 9, 2026, TNL traded at $62.62, a market capitalization of $3.8 billion.
At that price the stock trades at 16.7× trailing-twelve-month earnings and 1.0× sales; its P/E is higher than 87% of its own readings over the past ten years.
Travel + Leisure Co. pays an annual dividend of $2.36 per share, a yield of 3.77%, with a payout ratio of 64.5%.
Return on equity was −24.7% and debt-to-equity -5.60.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.28 (grey zone) for fiscal 2025.