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Sunday 1 November 2026
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Travel + Leisure Co.
TNL Consumer Cyclical Travel Services
Travel + Leisure Co.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.06% from fiscal 2024.
- Revenue
- +4.42%
- EPS
- +7.36%
- Free cash flow
- 0.00%
- Total debt
- +2.20%
Quarter to June 2026, against a year earlier
71.67
0.18
+0.25%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
6.36 | 6.40 | 5.29 | 9.35 | 0.00 | 15.57 | 8.26 | 7.62 | 8.55 | 20.33 |
Piotroski F-Score |
5 | 7 | 6 | 6 | 4 | 7 | 7 | 7 | 9 | 6 |
P/S ratio |
1.06 | 1.48 | 0.90 | 1.18 | 1.79 | 1.53 | 0.83 | 0.81 | 0.92 | 1.15 |
Altman Z-Score |
1.11 | 1.53 | 1.90 | 2.17 | 1.05 | 2.06 | 2.04 | 2.14 | 2.27 | 2.28 |
Altman Z″-Score (non-manufacturers) |
1.04 | 3.06 | 4.11 | 4.61 | 1.93 | 4.29 | 4.58 | 4.71 | 4.90 | 4.62 |
P/FCF ratio |
4.61 | 6.39 | 10.33 | 13.84 | 12.66 | 9.36 | 7.41 | 11.01 | 9.21 | 8.68 |
Beneish M-Score |
(2.97) | 0.64 | (2.91) | (2.43) | (2.81) | (2.52) | (2.52) | (2.36) | (2.52) | (2.71) |
P/Operating CF |
22.02 | 17.46 | 40.74 | 36.07 | 25.75 | 35.95 | 16.85 | 19.99 | 36.09 | 37.31 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 53 |
P/B ratio |
5.43 | 7.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.50 | 3.06 | 2.74 | 2.51 | 4.15 | 3.21 | 2.73 | 2.69 | 2.75 | 2.90 |
EV/EBITDA |
11.75 | 20.25 | 16.29 | 10.86 | 426.83 | 13.56 | 12.62 | 12.10 | 12.55 | 17.19 |
EV/Operating CF |
9.58 | 11.81 | 24.36 | 22.41 | 23.97 | 17.71 | 22.05 | 28.77 | 22.93 | 18.19 |
EV/FCF |
10.91 | 13.24 | 31.39 | 29.45 | 29.39 | 19.69 | 24.49 | 36.48 | 27.71 | 21.84 |
Quick Ratio |
0.37 | 2.02 | 2.22 | 2.37 | 1.07 | 2.12 | 2.40 | 2.39 | 2.38 | 2.24 |
Current Ratio |
0.89 | 2.86 | 3.09 | 3.27 | 1.49 | 3.17 | 3.44 | 3.43 | 3.49 | 3.17 |
Net Debt/EBITDA |
6.79 | 10.06 | 7.71 | 5.71 | 242.90 | 6.49 | 6.42 | 6.24 | 6.21 | 7.64 |
Debt/Assets |
55.41% | 57.47% | 76.43% | 78.26% | 84.30% | 80.65% | 83.50% | 83.79% | 83.01% | 82.81% |
Debt/Equity |
7.58 | 7.76 | (9.62) | (11.13) | (6.63) | (6.69) | (6.24) | (6.16) | (6.35) | (5.70) |
Asset Turnover |
0.38 | 0.38 | 0.45 | 0.55 | 0.29 | 0.44 | 0.53 | 0.56 | 0.57 | 0.60 |
Operating CF/Net income |
1.58 | 1.15 | 0.66 | 0.89 | (1.47) | 1.84 | 1.24 | 0.88 | 1.13 | 2.78 |
Capex/Depreciation |
(0.92) | (0.79) | (0.72) | (0.89) | (0.55) | (0.46) | (0.37) | (0.66) | (0.70) | (0.86) |
Interest Coverage |
4.95 | 2.83 | 3.08 | 5.01 | (0.55) | 3.12 | 3.35 | 2.87 | 2.94 | 2.38 |
| 73.13% | 114.48% | 655.61% | (92.77%) | 34.18% | (34.96%) | (42.05%) | (43.49%) | (45.74%) | (24.70%) | |
| 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% |
Return on Tangible Assets |
75.62% | 22.09% | 16.67% | 11.85% | (10.37%) | 8.36% | 9.08% | 10.26% | 10.72% | 6.28% |
Average Days of Receivables |
63.07 | 296.91 | 293.23 | 294.67 | 438.84 | 284.17 | 258.89 | 263.38 | 262.04 | 254.44 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
28.90% | 29.58% | 28.54% | 28.62% | 33.66% | 25.43% | 26.07% | 25.63% | 26.53% | 26.93% |
Intangible Assets out of Total Assets |
0.23 | 0.10 | 0.14 | 0.15 | 0.14 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 |
Share Based Compensation of Revenue |
1.54% | 1.55% | 3.28% | 0.59% | 0.93% | 1.02% | 1.26% | 1.01% | 1.06% | 1.42% |
Graham Net Nets |
(1.87) | (0.89) | (0.80) | (0.59) | (0.81) | (0.63) | (1.03) | (1.03) | (0.87) | (0.69) |
Graham Number |
28.64 | 37.95 | 0.00 | 0.00 | 27.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
15.73% | 15.61% | 18.89% | 10.70% | (6.60%) | 6.42% | 12.10% | 13.12% | 11.69% | 4.92% |
Free Cash Flow Yield |
21.70% | 15.64% | 9.68% | 7.23% | 7.90% | 10.69% | 13.50% | 9.08% | 10.86% | 11.52% |
Revenue per Share |
33.59 | 36.95 | 39.75 | 43.90 | 25.09 | 36.23 | 42.77 | 50.34 | 55.12 | 61.30 |
Operating CF per Share |
8.76 | 9.57 | 4.47 | 4.91 | 4.34 | 6.57 | 5.30 | 4.70 | 6.62 | 9.76 |
Capex per Share |
(1.06) | (1.04) | (1.00) | (1.17) | (0.80) | (0.66) | (0.53) | (0.99) | (1.14) | (1.63) |
Free Cash Flow per Share |
7.70 | 8.53 | 3.47 | 3.74 | 3.54 | 5.91 | 4.77 | 3.70 | 5.48 | 8.13 |
Cash per Share |
1.03 | 2.13 | 3.77 | 5.45 | 15.30 | 5.75 | 8.25 | 6.15 | 4.69 | 6.49 |
Shareholders Equity per Share |
6.53 | 7.51 | (5.75) | (5.69) | (11.24) | (9.18) | (10.84) | (12.31) | (12.55) | (14.97) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.53 | 7.51 | (5.75) | (5.69) | (11.24) | (9.18) | (10.84) | (12.31) | (12.55) | (14.97) |
Free Cash Flow |
846.00 | 879.00 | 343.00 | 344.00 | 305.00 | 511.00 | 398.00 | 276.00 | 384.00 | 533.00 |
Working Capital |
(220.00) | 3,044.00 | 3,320.00 | 3,599.00 | 1,793.00 | 2,997.00 | 3,273.00 | 3,206.00 | 3,242.00 | 3,131.00 |
Capital Expenditures |
(117.00) | (107.00) | (99.00) | (108.00) | (69.00) | (57.00) | (44.00) | (74.00) | (80.00) | (107.00) |
Net Current Asset Value |
(7,289.00) | (4,994.00) | (2,819.00) | (2,791.00) | (3,116.00) | (3,002.00) | (3,048.00) | (3,127.00) | (3,071.00) | (3,171.00) |
EV/EBIT |
14.02 | 26.52 | 20.59 | 12.48 | 0.00 | 16.28 | 14.92 | 13.98 | 14.52 | 21.05 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 |
Price to Operating Income |
5.92 | 12.80 | 6.78 | 5.86 | 0.00 | 7.74 | 4.52 | 4.22 | 4.82 | 8.37 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.12 | 0.17 | 0.19 | 0.18 | 0.19 | 0.18 | 0.18 | 0.17 | 0.19 | 0.23 |
Cash ROIC |
13.49% | 12.56% | 6.50% | 5.92% | 4.51% | 10.19% | 7.34% | 5.32% | 7.62% | 10.57% |
Accounts Receivable Turnover |
4.94 | 2.04 | 1.26 | 1.26 | 0.74 | 1.24 | 1.44 | 1.43 | 1.41 | 1.44 |
Accounts Payable Turnover |
6.02 | 8.36 | 12.84 | 27.91 | 18.27 | 25.76 | 28.96 | 27.96 | 28.17 | 34.60 |
Inventory Turnover |
6.04 | 2.39 | 1.55 | 1.60 | 0.97 | 1.25 | 1.53 | 1.66 | 1.67 | 1.90 |
Average Days of Payables |
42.53 | 45.53 | 12.59 | 13.73 | 18.35 | 14.17 | 12.90 | 13.81 | 12.40 | 10.14 |
Days of Inventory on Hand |
61.90 | 245.10 | 233.54 | 225.59 | 398.75 | 277.92 | 236.78 | 214.76 | 227.11 | 184.46 |
Average Receivables |
748.00 | 1,867.00 | 3,127.00 | 3,211.00 | 2,930.50 | 2,518.50 | 2,485.00 | 2,618.00 | 2,740.00 | 2,788.50 |
Average Payables |
303.50 | 222.50 | 149.00 | 69.50 | 67.50 | 62.00 | 63.50 | 69.00 | 70.00 | 64.50 |
Average Inventory |
302.50 | 779.50 | 1,236.50 | 1,211.50 | 1,273.00 | 1,281.50 | 1,204.50 | 1,164.00 | 1,181.00 | 1,177.50 |
Average Assets |
9,705.00 | 10,134.50 | 8,804.00 | 7,305.50 | 7,533.00 | 7,100.50 | 6,672.50 | 6,747.50 | 6,736.50 | 6,747.50 |
Average Common Equity |
835.50 | 746.00 | 102.50 | (546.50) | (746.00) | (881.00) | (849.00) | (910.50) | (898.50) | (931.00) |
Columns are period end dates