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Travel & Leisure Co. TNL

NYSE · stock · Hotels & Motels · website · IPO 2006-07-19 · LEI

Travel & Leisure Co. statistics & valuation

Market cap$4.9B
P / E21.2×
P / S1.2×
P / FCF9.3×
Dividend yield3.06%
Net margin5.7%
FCF margin13.0%
Net debt$5.3B
Net debt / EBITDA7.9×
Enterprise value USD$10.2B
EV / EBITDA15.1×
Earnings yield EBIT/EV5.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
12.40% 16.80% 17.10% 12.50% -11.80% 9.80% 10.00% 10.60% 10.60% 5.70% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
13.40% 8.60% 13.30% 20.10% -4.90% 19.70% 18.30% 19.20% 19.00% 13.80% 2016201720182019202020212022202320242025
Return on equity (%)
85.60% 110.30% 2016201720182019202020212022202320242025
Shares outstanding
110.6M 103.7M 99.2M 92.4M 86.1M 87.3M 84.2M 75.0M 70.7M 66.9M 2016201720182019202020212022202320242025
Net debt ($)
$3.86B $5.22B $5.22B $4.94B $5.09B $5.36B $5.42B $5.34B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.20% 8.20% 9.40% 6.80% -3.30% 4.70% 5.30% 5.90% 6.10% 3.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
17.20% 17.30% 8.70% 8.50% 14.10% 16.30% 10.90% 7.40% 9.90% 13.00% 2016201720182019202020212022202320242025
Debt / equity (×)
5.05× 2016201720182019202020212022202320242025
EPS ($)
$5.52 $8.24 $6.77 $5.48 -$2.97 $3.52 $4.24 $5.28 $5.82 $3.44 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Travel & Leisure Co. trades at about 21.7× earnings — above its 10-year norm (10-year range 5.7×–20.2×, median 8.9×).

5.7× 21.7×

Shaded band = 10-year range (5.7×–20.2×); dot = today's 21.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin13.8%19.0%19.2%18.3%19.7%-4.9%20.1%13.3%8.6%13.4%
Net margin5.7%10.6%10.6%10.0%9.8%-11.8%12.5%17.1%16.8%12.4%
FCF margin13.0%9.9%7.4%10.9%16.3%14.1%8.5%8.7%17.3%17.2%
Return on assets3.4%6.1%5.9%5.3%4.7%-3.3%6.8%9.4%8.2%6.2%
Return on equity-23.4%-46.7%-43.1%-39.1%-38.5%26.2%-95.7%-117.1%110.3%85.6%
Debt / equity-5.70×-6.35×-6.15×-6.18×-6.63×-6.58×-10.52×—5.05×—
Current ratio————————1.140.89

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.