Travel Leisure (TNL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Travel Leisure

NYSE•Consumer Cyclical•Travel Services

$64.42-0.38(-0.01%)Pre-market

Market Cap

$3.97B

P/E

16.8x

P/S

1.0x

Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as offers consumer financing in connection with the sale of VOIs; and property management services at resorts; and This segment also experiences under hospitality and leisure brands, including Club Wyndham, WorldMark, Margaritaville Vacation Club, Sports Illustrated Resorts, Eddie Bauer Adventure Club, And Accor Vacation Club. The Travel and Membership segment operates various travel businesses, including vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment also offers business-to-business private-label travel club solutions and facilitates bookings. Travel + Leisure Co. has a strategic alliance with Hornblower Group, Inc. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.

How this company scores

WeakMetricSide Score: 47/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (18/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability9/25

Growth11/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality18/25

Strengths

Cash-backed earningsConsistent free cash flowConsistent growthImproving margins

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.8x5y range 7.1x – 23.5x

Currently above its 20-quarter median.

P/S · 1.0x5y range 0.7x – 1.7x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 29.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.97B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.09B
Q. Revenue: $1.06B
TTM EBITDA: $687.00M
TTM Op. Income: $560.00M
Q. Op. Income: $210.00M
TTM Net Income: $237.00M
Q. Net Income: $109.00M
EPS: $1.75
Shares Out.: $62.30M

$4.09B in TTM revenue grew 4.5% YoY, reaching $1.06B last quarter. TTM EBITDA of $687.00M and TTM operating income of $560.00M show growth is flowing through to the bottom line. TTM net income of $237.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 22.8%
Op. Margin: 19.8%
Net Margin: 10.3%

Op. margin of 19.8% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 10.3% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.8x
P/S Ratio: 1.0x
P/B Ratio: N/A

At 16.8x P/E, the stock trades within typical market levels. P/S of 1.0x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.90B
Cash: $282.00M
Long-Term Debt: $5.71B
Book Value: $-1.02B
D/E Ratio: N/A
Debt/EBITDA: 23.6

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $220.00M
TTM Free Cash Flow: $442.00M
FCF Margin: 10.8%
FCF / Net Income: 1.9

TTM FCF of $442.00M on $220.00M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 11% — a steady trend.