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Wyndham Hotels & Resorts

WH NYSE Hotels, Resorts & Cruise Lines Financials FY2016–FY2025

Wyndham Hotels & Resorts' revenue rose 1.5% to $1.4 billion in fiscal 2025. Its operating margin was 28.1%, down from 35.2% a year earlier. Free cash flow was $321 million, up 33.2%. It paid out $393 million in dividends and buybacks, 122% of free cash flow. The diluted share count fell 3.6%.

Last close · Oct 23, 2026

$72.42

3.5%
Value it Compare
Revenue Total sales reported in the income statement.
$1.4B
1.5% vs prior year
Operating margin Operating income as a share of revenue.
28.1%
7.0 pts
Net income Profit after all expenses, interest and tax.
$193M
33.2%
Free cash flow Cash from operations minus capital spending.
$321M
33.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.9%
3.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$5.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
26.5x
On $2.73 EPS (TTM)

What Wyndham Hotels & Resorts does

Wyndham Hotels & Resorts is a hotel franchising company. It licenses its brands to independent hotel owners rather than owning most hotels itself, and it says this keeps its capital needs low. It describes itself as the largest hotel franchisor by number of franchised properties, with 8,300 affiliated hotels in about 100 countries.

Its brands include Super 8, Days Inn, Travelodge, Microtel and Howard Johnson, and it has 25 brands in all. They sit mostly in the economy, midscale and upper midscale price tiers and are located largely in smaller cities. Most of its royalty income comes from the United States.

Wyndham earns royalties and other fees from its franchisees. It also reports ancillary revenues from other services. It competes with other hotel companies, online travel sites and home-sharing networks, and it says AI tools could also change how travelers find hotels.

Legal name
Wyndham Hotels & Resorts, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
10-K · Feb 19, 2026
Accession · CIK
0001722684-26-000007
0001722684

Revenue and margins

Wyndham Hotels & Resorts had $1.4B of revenue in fiscal 2025, up 1.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 4.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $321M in fiscal 2025, 22.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Wyndham Hotels & Resorts returned $393M to shareholders in fiscal 2025, 122% of free cash flow. The diluted share count fell 3.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Wyndham Hotels & Resorts yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$2.5B and divides by 77.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 26.5x · peers 17.5x · sector 17.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Wyndham Hotels & Resorts can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $171M$161M$66.0M$103M$64.0M
Debt incl. finance leases $2.1B$2.1B$2.2B$2.5B$2.6B
Net debt / EBITDA 3.5x3.0x3.7x4.2x5.4x
Debt / equity 1.9x2.2x3.0x3.8x5.5x
Interest coverage 4.8x7.0x4.9x4.0x2.9x
Current ratio 1.8x1.3x0.8x1.0x0.9x
Quick ratio 1.8x1.3x0.8x1.0x0.9x
Total assets $4.3B$4.1B$4.0B$4.2B$4.2B
Total liabilities $3.2B$3.2B$3.3B$3.6B$3.7B
Shareholders' equity $1.1B$962M$746M$650M$468M
Net debt (− = net cash) $1.9B$1.9B$2.1B$2.4B$2.5B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$16.7M

5 insiders

Of sales under plans

61%

$10.2M

DateInsiderTradeSharesPriceValueFiling
Oct 15, 2026 Geoffrey A BallottiPresident and CEO, Director Sold plan 19,295 $73.69 $1.4M Form 4
Aug 17, 2026 Geoffrey A BallottiPresident and CEO, Director Sold plan 19,414 $72.71 $1.4M Form 4
Jun 15, 2026 Geoffrey A BallottiPresident and CEO, Director Sold plan 18,516 $80.79 $1.5M Form 4
May 7, 2026 Nicola RossiChief Accounting Officer Sold 7,055 $85.19 $0.6M Form 4
Mar 11, 2026 Monica MelanconChief Human Resource Officer Sold 8,861 $74.70 $0.7M Form 4
Mar 6, 2026 Paul F CashGeneral Counsel & Corp. Secy. Sold plan 19,800 $76.09 $1.5M Form 4
Mar 5, 2026 Scott R. StricklandChief Commercial Officer Sold 6,500 $80.36 $0.5M Form 4
Jan 15, 2026 Geoffrey A BallottiPresident and CEO, Director Sold plan 55,124 $79.27 $4.4M Form 4
Dec 9, 2025 Scott R. StricklandChief Commercial Officer Sold 28,134 $71.11 $2.0M Form 4
Dec 8, 2025 Scott R. StricklandChief Commercial Officer Sold 969 $72.25 $0.1M Form 4
Nov 14, 2025 Paul F CashGeneral Counsel & Corp. Secy. Sold 36,379 $71.66 $2.6M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✓ ✕
F-score 4 / 87 / 84 / 8
Accruals ratio −2.1%−0.0%−4.1%
Altman Z'' 1.331.491.03

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Wyndham Hotels & Resorts WH $5.4B 1.5% 28.1% 22.5% 9.9% 26.5x 4
Choice Hotels CHH $4.9B 0.8% 28.1% 10.2% 19.5% 15.3x 6 Compare →
Sabre SABR $607M 1.0% 10.7% −6.9% 8.9% 0.9x 5 Compare →
Vail Resorts MTN $5.2B −4.3% 14.8% 8.7% 8.1% — 5 Compare →
Travel + Leisure TNL $4.1B 4.1% 13.8% 13.0% 8.5% 17.5x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.3B $1.3B $1.9B $2.1B $1.3B $1.6B $1.5B $1.4B $1.4B $1.4B
Operating income $295M $249M $283M $307M −$46.0M $446M $558M $503M $495M $402M
Interest expense $1.0M $6.0M $60.0M $100M $112M $93.0M $80.0M $102M $124M $139M
Pretax income $294M $243M $223M $207M −$158M $335M $476M $398M $368M $263M
Income tax $118M $13.0M $61.0M $50.0M −$26.0M $91.0M $121M $109M $79.0M $70.0M
Net income $176M $230M $162M $157M −$132M $244M $355M $289M $289M $193M
Diluted EPS $1.76 $2.31 $1.62 $1.62 −$1.42 $2.60 $3.91 $3.41 $3.61 $2.50
Diluted shares 0.10B 0.10B 0.10B 0.10B 0.09B 0.09B 0.09B 0.08B 0.08B 0.08B
Cash flow
Cash from operations $264M $278M $231M $100M $67.0M $426M $399M $376M $290M $367M
Capital expenditure $42.0M $46.0M $73.0M $50.0M $33.0M $37.0M $39.0M $37.0M $49.0M $46.0M
Free cash flow $222M $232M $158M $50.0M $34.0M $389M $360M $339M $241M $321M
Depreciation and amortization $55.0M $55.0M $68.0M $71.0M $98.0M $95.0M $77.0M $76.0M $71.0M $62.0M
Stock-based compensation $10.0M $11.0M $9.0M $20.0M $21.0M $28.0M $33.0M $39.0M $45.0M $43.0M
Acquisitions $70.0M $140M $1.7B $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $117M $242M $50.0M $107M $448M $393M $310M $266M
Dividends paid $0.0M $0.0M $77.0M $112M $53.0M $82.0M $116M $118M $122M $127M
Dividends and buybacks $0.0M $0.0M $194M $354M $103M $189M $564M $511M $432M $393M
Balance sheet
Cash and short-term investments $30.0M $57.0M $366M $94.0M $493M $171M $161M $66.0M $103M $64.0M
Total debt — $0.0M $2.1B $2.1B $2.6B $2.1B $2.1B $2.2B $2.5B $2.6B
Finance lease liabilities $0.0M $0.0M $65.0M $60.0M $55.0M $50.0M $45.0M $39.0M $0.0M $0.0M
Current assets — $334M $851M $499M $900M $720M $545M $373M $467M $435M
Current liabilities — $411M $693M $462M $346M $397M $406M $459M $466M $507M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net — $250M $326M $307M $278M $106M $99.0M $88.0M $94.0M $104M
Total assets $2.0B $2.1B $5.0B $4.5B $4.6B $4.3B $4.1B $4.0B $4.2B $4.2B
Total liabilities — $875M $3.6B $3.3B $3.7B $3.2B $3.2B $3.3B $3.6B $3.7B
Shareholders' equity $1.1B $1.3B $1.4B $1.2B $963M $1.1B $962M $746M $650M $468M
Margins
Operating margin 23.3% 19.5% 15.2% 15.0% −3.5% 28.5% 37.3% 36.0% 35.2% 28.1%
EBITDA margin 27.6% 23.8% 18.8% 18.4% 4.0% 34.6% 42.4% 41.5% 40.2% 32.5%
Net margin 13.9% 18.0% 8.7% 7.7% −10.2% 15.6% 23.7% 20.7% 20.5% 13.5%
FCF margin 17.5% 18.1% 8.5% 2.4% 2.6% 24.9% 24.0% 24.3% 17.1% 22.5%
Returns
Return on capital — — 9.4% 7.2% −1.2% 10.7% 14.2% 12.7% 13.2% 9.9%
Return on capital employed — — 9.4% 7.4% −1.1% 10.9% 14.7% 13.8% 13.5% 10.8%
Return on equity — 19.6% 12.1% 11.9% −12.1% 23.8% 34.6% 33.8% 41.4% 34.5%
Return on assets — 11.1% 4.6% 3.3% −2.9% 5.5% 8.5% 7.1% 7.0% 4.6%
Growth
Revenue growth — 0.9% 45.9% 9.9% −36.7% 20.4% −4.3% −6.7% 0.8% 1.5%
Net income growth — 30.7% −29.6% −3.1% −184.1% — 45.5% −18.6% 0.0% −33.2%
EPS growth — 31.3% −29.9% 0.0% −187.7% — 50.4% −12.8% 5.9% −30.8%
FCF growth — 4.5% −31.9% −68.4% −32.0% 1,044.1% −7.5% −5.8% −28.9% 33.2%
Share count change — 0.0% 0.0% −3.2% −3.3% 0.5% −3.3% −6.5% −5.7% −3.6%
Financial health
Net debt / EBITDA — −0.2x 5.1x 5.4x 40.5x 3.5x 3.0x 3.7x 4.2x 5.4x
Debt / equity — 0.0x 1.5x 1.8x 2.7x 1.9x 2.2x 3.0x 3.8x 5.5x
Interest coverage 295.0x 41.5x 4.7x 3.1x −0.4x 4.8x 7.0x 4.9x 4.0x 2.9x
Current ratio — 0.8x 1.2x 1.1x 2.6x 1.8x 1.3x 0.8x 1.0x 0.9x
Quick ratio — 0.8x 1.2x 1.1x 2.6x 1.8x 1.3x 0.8x 1.0x 0.9x
Capital allocation
Capex / revenue 3.3% 3.6% 3.9% 2.4% 2.5% 2.4% 2.6% 2.7% 3.5% 3.2%
Stock comp / revenue 0.8% 0.9% 0.5% 1.0% 1.6% 1.8% 2.2% 2.8% 3.2% 3.0%
Payouts / FCF 0.0% 0.0% 122.8% 708.0% 302.9% 48.6% 156.7% 150.7% 179.3% 122.4%
Quality scores
Piotroski F-score — — 6.0 4.0 4.0 6.0 6.0 4.0 7.0 4.0
Altman Z'' — 2.1 1.1 1.0 0.9 1.6 1.7 1.3 1.5 1.0
Accruals ratio — −2.3% −1.9% 1.2% −4.3% −4.1% −1.1% −2.1% −0.0% −4.1%

Source: SEC EDGAR XBRL filings (CIK 0001722684). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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