Travel + Leisure Co. (TNL) vs TripAdvisor, Inc. (TRIP)

Travel + Leisure Co. and TripAdvisor, Inc. are both Travel Services companies. Travel + Leisure Co. is the larger, with a market value of $3.9B against $1.0B — 3.9× the size. Travel + Leisure Co. trades at the lower P/E: 17.0× against 210×. Travel + Leisure Co. grew revenue faster over the last twelve months: 4.55% against 1.32%. Travel + Leisure Co. has the higher net margin (5.79% vs 0.27%) and the higher return on invested capital (8.30% vs 4.65%). Across the 20 metrics below, Travel + Leisure Co. leads on 10 and TripAdvisor, Inc. on 10.

Valuation

Metric TNL TRIP Travel Services median
P/E 16.98 210.25 17.52
P/S 0.97 0.53 2.24
P/B n/m 1.48 2.61
Price to free cash flow 8.77 7.39 12.40
EV/EBITDA 14.17 6.86 12.77
EV/Sales 2.38 0.54 2.38
Earnings yield 5.89% 0.48% 3.30%
Free cash flow yield 11.40% 13.53% 3.22%

Profitability

Metric TNL TRIP Travel Services median
Gross margin 45.13% 92.10% 67.64%
Operating margin 13.68% 2.73% 15.06%
Net margin 5.79% 0.27% 6.64%
Free cash flow margin 11.04% 7.21% 3.21%
Return on equity (25.31%) 0.78% 7.53%
Return on assets 3.46% 0.19% 3.40%
Return on invested capital 8.30% 4.65% 4.65%

Growth

Metric TNL TRIP Travel Services median
Revenue growth (TTM) 4.55% 1.32% 13.25%
EPS growth (last fiscal year) (40.89%) 675.00% —
Revenue growth, 5-year CAGR 13.23% 25.64% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TNL TRIP Travel Services median
Debt to equity (5.60) 1.29 0.32
Current ratio 3.15 1.56 1.20
Net debt to EBITDA 7.64 1.01 1.07

Dividend

Metric TNL TRIP Travel Services median
Dividend yield 4.48% — —
Payout ratio 0.38 0.00 0.00

Size

Metric TNL TRIP Travel Services median
Market cap 3.87b 1.00b 4.41b

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