CHARGED ALPHATMFrontier AI stock research

TNL · NYSE

Travel + Leisure Co.

Travel Services · United States

USD 62.240.9% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$3.81B
Trailing P/E
17.01x
Forward P/E
7.06x
Quarterly revenue growth
4.4%
Trailing net margin
5.8%
Indicated dividend yield
3.9%

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-27 (provider estimate, not issuer-confirmed).

Company background

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.

Company website

Q1 2026

Go beyond the headline.

Charged Alpha | Travel + Leisure Co. (TNL) | S&P 500 Deep Dive — Ep. 179

Published 2026-04-23

Comparable businesses

TNL peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricTNLTravel + Leisure Co.Snapshot 2026-10-06Financial period: 2026-06-30MMYTMakeMyTrip LimitedSnapshot 2026-10-06Financial period: 2026-06-30NCLHNorwegian Cruise Line Holdings Ltd.Snapshot 2026-10-06Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$3.81BUS$4.21BUS$7.13BUS$5.67Bn=2
Forward P/EProvider forward earnings estimate7.06x18.01x9.35x13.68xn=2
EV / EBITDAEnterprise value / trailing EBITDA10.03x28.65x8.71x18.68xn=2
Revenue growthLatest quarter vs prior-year quarter4.4%6.2%4.9%5.6%n=2
Operating marginLatest reported quarter19.8%15.3%14.0%14.7%n=2
Free cash flow yieldTrailing cash flow / market cap14.6%1.0%-23.6%-11.3%n=2
Net debt / EBITDANet debt / trailing EBITDA5.98x3.76x6.08x4.92xn=2
Debt / equityTotal debt / positive book equity——6.21x—
Trailing P/ETrailing twelve-month earnings17.01x223.55x9.58x116.57xn=2
Price / bookPrice / positive book equity per share——2.77x—
EV / salesEnterprise value / trailing revenue2.29x4.74x2.23x3.48xn=2
Earnings growthLatest quarter vs prior-year quarter6.2%-60.8%616.3%277.8%n=2
Gross marginTrailing twelve months50.6%58.6%42.5%50.5%n=2
Net marginTrailing twelve months5.8%3.2%7.5%5.4%n=2
Return on equityProvider trailing return; positive equity only——36.7%—
Free cash flow marginTrailing free cash flow / revenue13.6%3.9%-16.5%-6.3%n=2
Dividend yieldIndicated annual dividend / price3.9%———
Earnings payoutProvider trailing dividend payout63.4%0.0%0.0%0.0%n=2
Current ratioCurrent assets / current liabilities3.20x3.13x0.20x1.66xn=2
BetaProvider historical market sensitivity1.211.061.961.51n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for TNL

All available reporting periods
Q1 20262026-04-23

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.