Travel + Leisure
TNL NYSE· Hotels, Resorts & Cruise Lines
Last close · Oct 26, 2026
$65.62
KIRA · Stoqly’s AI analyst, in plain words
- Travel + Leisure had $4.0B of revenue in fiscal 2025, up 4.1% on the year before. Over five years, revenue changed +13.2% a year on average.
- Its operating margin was 13.8%, down 5.2 pts: of every 100 in sales, about 14 is left after running the business.
- Travel + Leisure made $230M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −5.1% a year.
- Free cash flow was $523M in fiscal 2025, 13.0% of revenue.
- Travel + Leisure returned $450M to shareholders in fiscal 2025, 86% of free cash flow. The diluted share count fell 5.4%.
- Travel + Leisure owes $5.3B more than it holds in cash, about 7.9 years of operating profit.
Market cap
$4.2B
P/E
17.7x
Revenue
$4.0B
Net income
$230M
Free cash flow
$523M
Operating margin
13.8%
Travel + Leisure in 30 seconds · fiscal 2025
Are sales growing?
+4.1%
Only a little. Sales grew 4.1% last year.
Does it make a profit?
5.7%
A little. It keeps 5.7% of every sale as profit.
Does profit turn into cash?
13.0%
Yes. 13.0% of sales ends up as free cash.
Is debt under control?
7.9x
Heavy. Repaying its debt would take 7.9 years of operating profit.
How is the share priced?
17.7x
One share costs 17.7 times its yearly profit per share. Typical for its sector: 17.9x.
What Travel + Leisure does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 18, 2026
- Legal name
- Travel & Leisure Co.
- CIK
- 0001361658
Travel + Leisure · TNL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.1B | $3.6B | $3.8B | $3.9B | $4.0B |
| Revenue growth | 45.1% | 13.8% | 5.1% | 3.0% | 4.1% |
| Operating margin | 19.7% | 18.3% | 19.2% | 19.0% | 13.8% |
| Net income | $308M | $357M | $396M | $411M | $230M |
| Net margin | 9.8% | 10.0% | 10.6% | 10.6% | 5.7% |
| Diluted EPS | $3.52 | $4.24 | $5.28 | $5.82 | $3.44 |
| Cash | |||||
| Cash from operations | $568M | $442M | $350M | $464M | $640M |
| Capital expenditure | $57.0M | $52.0M | $74.0M | $81.0M | $117M |
| Free cash flow | $511M | $390M | $276M | $383M | $523M |
| FCF margin | 16.3% | 10.9% | 7.4% | 9.9% | 13.0% |
| Dividends paid | $109M | $135M | $136M | $142M | $149M |
| Share buybacks | $25.0M | $351M | $309M | $234M | $301M |
| Share count change | 1.4% | −3.6% | −10.9% | −5.7% | −5.4% |
| Debt and strength | |||||
| Cash and short-term investments | $390M | $568M | $301M | $185M | $271M |
| Debt incl. finance leases | $5.3B | $5.7B | $5.7B | $5.6B | $5.6B |
| Shareholders' equity | −$801M | −$913M | −$918M | −$881M | −$981M |
| Net debt / EBITDA | 6.7x | 6.6x | 6.5x | 6.4x | 7.9x |
| Interest coverage | 3.1x | 3.4x | 2.9x | 2.9x | 2.4x |
| Returns and quality | |||||
| Return on capital | 10.8% | 11.5% | 13.5% | 12.0% | 8.5% |
Insiders bought, 12 months
$0.1M
1 insider
Insiders sold, 12 months
$31.9M
10 insiders
Of sales under plans
28%
$9.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Travel + Leisure · TNL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Travel + Leisure TNL | $4.2B | 4.1% | 13.8% | 13.0% | 8.5% | 17.7x | — |
| Marriott Vacations Worldwide VAC | $4.2B | 1.3% | — | −0.6% | — | — | — |
| Hilton Grand Vacations HGV | $2.9B | 1.3% | — | 4.6% | 4.6% | 20.4x | — |
| IHG Hotels & Resorts IHG | $26.1B | 5.4% | 23.1% | 16.8% | — | — | 8 |
| Vail Resorts MTN | $5.3B | −4.3% | 14.8% | 8.7% | 8.1% | — | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $65.62 a share, the company is worth $4.2B: 17.7 times its earnings of the last four quarters.
Travel + Leisure grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0001361658). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.