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Friday 6 November 2026 Export TNL’s income statement to Excel — free account

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
+5.46%
EPS
+4.12%
Free cash flow
−18.4%
Total debt
+8.75%

Quarter to September 2026, against a year earlier

75.16 2.46 −3.17%
Market cap
$4.5B
P/E
19.7×
Fwd P/E
10.4×
Dividend yield
3.14%
F-score
6/9
Altman Z
2.28
Beneish M
−2.71
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Travel + Leisure Co. (TNL) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Travel + Leisure Co. (TNL) trades at a EV/EBITDA of 17.9×. Over the past ten years it has ranged from 7.0× (September 2015) to 510× (March 2021); the current reading is higher than 78% of that period. That is above the Travel Services industry median of 13.3× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.2× 37.03%
FY2024 12.5× 3.68%
FY2023 12.1× (4.13%)
FY2022 12.6× (6.89%)
FY2021 13.6× (96.82%)
FY2020 427× 3,830.99%
FY2019 10.9× (33.34%)
FY2018 16.3× (19.55%)
FY2017 20.2× 72.27%
FY2016 11.8× 48.50%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 16.7× (3.30%)
Jun 2026 17.2× 2.30%
Mar 2026 16.9× (2.00%)
Dec 2025 17.2× 42.49%
43 more quarters

Against its own ten years

Low 7.0× High 510×
Ten-year median 12.7×
Current reading's percentile 78

EV/EBITDA against peers

Company EV/EBITDA
TRIP TripAdvisor, Inc. compare 7.0×
EXPE Expedia Group, Inc. compare 8.2×
NCLH Norwegian Cruise Line Holdings Ltd. compare 8.6×
TCOM Trip.com Group Limited Sponsored ADR compare 12.8×
PRSU Pursuit Attractions and Hospitality, Inc. compare 13.3×
TNL Travel + Leisure Co. 17.9×
LIND Lindblad Expeditions compare 20.2×
VIK Viking Holdings Ltd. compare 21.1×
MMYT MakeMyTrip Limited compare 34.8×
Travel Services industry median 13.3×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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