stockrowTravel + 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
- +5.46%
- EPS
- +4.12%
- Free cash flow
- −18.4%
- Total debt
- +8.75%
Quarter to September 2026, against a year earlier
Follow TNL
Alert me
Travel + Leisure Co. (TNL) Debt to equity
Travel + Leisure Co.'s debt to equity at the end of the quarter to 30 September 2026 was −6.0×, down 0.3× from fiscal 2025 (−5.7×). Over the past ten years it has ranged from −11.1× (fiscal 2019) to 7.8× (fiscal 2017); the current reading is higher than 73% of that period. That is below the Travel Services industry median of 0.2× and below the Consumer Cyclical sector median of 0.2×.
Debt to equity, annual
Embed this chart
Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | −5.7× | — |
| FY2024 | −6.4× | — |
| FY2023 | −6.2× | — |
| FY2022 | −6.2× | — |
| FY2021 | −6.7× | — |
| FY2020 | −6.6× | — |
| FY2019 | −11.1× | — |
| FY2018 | −9.6× | — |
| FY2017 | 7.8× | 2.40% |
| FY2016 | 7.6× | 39.39% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | −6.0× | — |
| Jun 2026 | −5.6× | — |
| Mar 2026 | −5.6× | — |
| Dec 2025 | −5.7× | — |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| MMYT MakeMyTrip Limited compare | −18.1× |
| LIND Lindblad Expeditions compare | −6.4× |
| TNL Travel + Leisure Co. | −6.0× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 0.2× |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 0.4× |
| EXPE Expedia Group, Inc. compare | 1.9× |
| TRIP TripAdvisor, Inc. compare | 2.3× |
| VIK Viking Holdings Ltd. compare | 3.7× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 4.8× |
| Travel Services industry median | 0.2× |
| Consumer Cyclical sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on TNL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement