InsiderClue
Stocks · Consumer discretionary · Hotels & Motels

Travel & Leisure Co.

TNL Clue Score35
United States Fiscal year ends December CIK 0001361658
$62.62 +0.02% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $62.62 +16.05% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.69Operating income0.66Net income0.61EPS, diluted5.52Fiscal year 2017Revenue3.81 +3.1%Operating income0.44Net income0.85 +39.8%EPS, diluted8.24 +49.3%Fiscal year 2018Revenue3.93 +3.3%Operating income0.52Net income0.67 −21.3%EPS, diluted6.77 −17.8%Fiscal year 2019Revenue4.04 +2.8%Operating income0.81Net income0.51 −24.6%EPS, diluted5.48 −19.1%Fiscal year 2020Revenue2.16 −46.6%Operating income−0.11Net income−0.26 −150.3%EPS, diluted−2.97 −154.2%Fiscal year 2021Revenue3.13 +45.1%Operating income0.62Net income0.31EPS, diluted3.52Fiscal year 2022Revenue3.57 +13.8%Operating income0.65Net income0.36 +15.9%EPS, diluted4.24 +20.5%Fiscal year 2023Revenue3.75 +5.1%Operating income0.72Net income0.40 +10.9%EPS, diluted5.28 +24.5%Fiscal year 2024Revenue3.86 +3.0%Operating income0.73Net income0.41 +3.8%EPS, diluted5.82 +10.2%Fiscal year 2025Revenue4.02 +4.1%Operating income0.55Net income0.23 −44.0%EPS, diluted3.44 −40.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.69 3.81 3.93 4.04 2.16 3.13 3.57 3.75 3.86 4.02
Growth +3.1% +3.3% +2.8% −46.6% +45.1% +13.8% +5.1% +3.0% +4.1%
Operating income 0.66 0.44 0.52 0.81 −0.11 0.62 0.65 0.72 0.73 0.55
Net income 0.61 0.85 0.67 0.51 −0.26 0.31 0.36 0.40 0.41 0.23
Growth +39.8% −21.3% −24.6% −150.3% +15.9% +10.9% +3.8% −44.0%
EPS, diluted 5.52 8.24 6.77 5.48 −2.97 3.52 4.24 5.28 5.82 3.44
Growth +49.3% −17.8% −19.1% −154.2% +20.5% +24.5% +10.2% −40.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin17.8%Net margin16.5%Free cash flow margin22.9%Fiscal year 2017Operating margin11.5%Net margin22.4%Free cash flow margin23.1%Fiscal year 2018Operating margin13.3%Net margin17.1%Free cash flow margin8.7%Fiscal year 2019Operating margin20.1%Net margin12.5%Free cash flow margin8.5%Fiscal year 2020Operating margin−4.9%Net margin−11.8%Free cash flow margin14.1%Fiscal year 2021Operating margin19.7%Net margin9.8%Free cash flow margin16.3%Fiscal year 2022Operating margin18.3%Net margin10.0%Free cash flow margin10.9%Fiscal year 2023Operating margin19.2%Net margin10.6%Free cash flow margin7.4%Fiscal year 2024Operating margin19.0%Net margin10.6%Free cash flow margin9.9%Fiscal year 2025Operating margin13.8%Net margin5.7%Free cash flow margin13.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 17.8% 11.5% 13.3% 20.1% −4.9% 19.7% 18.3% 19.2% 19.0% 13.8%
Net margin 16.5% 22.4% 17.1% 12.5% −11.8% 9.8% 10.0% 10.6% 10.6% 5.7%
Free cash flow margin 22.9% 23.1% 8.7% 8.5% 14.1% 16.3% 10.9% 7.4% 9.9% 13.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.96Capital expenditure−0.12Free cash flow0.85Buybacks−0.62Dividends paid−0.22Fiscal year 2017Operating cash flow0.99Capital expenditure−0.11Free cash flow0.88 +3.9%Buybacks−0.60Dividends paid−0.24Fiscal year 2018Operating cash flow0.44Capital expenditure−0.10Free cash flow0.34 −61.0%Buybacks−0.33Dividends paid−0.19Fiscal year 2019Operating cash flow0.45Capital expenditure−0.11Free cash flow0.34 +0.3%Buybacks−0.34Dividends paid−0.17Fiscal year 2020Operating cash flow0.37Capital expenditure−0.07Free cash flow0.31 −11.3%Buybacks−0.13Dividends paid−0.14Fiscal year 2021Operating cash flow0.57Capital expenditure−0.06Free cash flow0.51 +67.5%Buybacks−0.03Dividends paid−0.11Fiscal year 2022Operating cash flow0.44Capital expenditure−0.05Free cash flow0.39 −23.7%Buybacks−0.35Dividends paid−0.14Fiscal year 2023Operating cash flow0.35Capital expenditure−0.07Free cash flow0.28 −29.2%Buybacks−0.31Dividends paid−0.14Fiscal year 2024Operating cash flow0.46Capital expenditure−0.08Free cash flow0.38 +38.8%Buybacks−0.23Dividends paid−0.14Fiscal year 2025Operating cash flow0.64Capital expenditure−0.12Free cash flow0.52 +36.6%Buybacks−0.30Dividends paid−0.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.96 0.99 0.44 0.45 0.37 0.57 0.44 0.35 0.46 0.64
Capital expenditure −0.12 −0.11 −0.10 −0.11 −0.07 −0.06 −0.05 −0.07 −0.08 −0.12
Free cash flow 0.85 0.88 0.34 0.34 0.31 0.51 0.39 0.28 0.38 0.52
Growth +3.9% −61.0% +0.3% −11.3% +67.5% −23.7% −29.2% +38.8% +36.6%
Buybacks −0.62 −0.60 −0.33 −0.34 −0.13 −0.03 −0.35 −0.31 −0.23 −0.30
Dividends paid −0.22 −0.24 −0.19 −0.17 −0.14 −0.11 −0.14 −0.14 −0.14 −0.15

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.11Shareholders’ equity0.71Fiscal year 2017Cash0.05Total debt3.91Net cash (debt)−3.86Shareholders’ equity0.77Debt to equity5.08Fiscal year 2018Cash0.22Shareholders’ equity−0.57Fiscal year 2019Cash0.36Total debt5.58Net cash (debt)−5.22Shareholders’ equity−0.53Fiscal year 2020Cash1.20Total debt6.42Net cash (debt)−5.22Shareholders’ equity−0.98Fiscal year 2021Cash0.37Total debt5.31Net cash (debt)−4.94Shareholders’ equity−0.80Fiscal year 2022Cash0.55Total debt5.64Net cash (debt)−5.09Shareholders’ equity−0.91Fiscal year 2023Cash0.28Total debt5.65Net cash (debt)−5.36Shareholders’ equity−0.92Fiscal year 2024Cash0.17Total debt5.59Net cash (debt)−5.42Shareholders’ equity−0.88Fiscal year 2025Cash0.25Total debt5.60Net cash (debt)−5.35Shareholders’ equity−0.98
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.11 0.05 0.22 0.36 1.20 0.37 0.55 0.28 0.17 0.25
Total debt n/a 3.91 n/a 5.58 6.42 5.31 5.64 5.65 5.59 5.60
Net cash (debt) n/a −3.86 n/a −5.22 −5.22 −4.94 −5.09 −5.36 −5.42 −5.35
Shareholders’ equity 0.71 0.77 −0.57 −0.53 −0.98 −0.80 −0.91 −0.92 −0.88 −0.98
Debt to equity n/a 5.08 n/a n/a n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.11 0.05 0.22 0.36 1.20 0.37 0.55 0.28 0.17 0.25
0.38 0.20 0.12 n/a n/a n/a n/a n/a n/a n/a
0.31 1.25 1.22 1.20 1.35 1.22 1.19 1.14 1.23 1.13
1.03 0.82 0.71 0.68 0.67 0.69 0.66 0.66 0.59 0.53
1.22 0.91 0.92 0.97 0.96 0.96 0.96 0.96 0.97 0.97
9.82 10.45 7.16 7.45 7.61 6.59 6.76 6.74 6.74 6.76
Growth +6.4% −31.5% +4.1% +2.1% −13.5% +2.6% −0.3% −0.0% +0.4%
Liabilities
n/a 3.91 n/a 5.58 6.42 5.31 5.64 5.65 5.59 5.60
calc n/a 3.91 n/a 5.58 6.42 5.31 5.64 5.65 5.59 5.60
9.10 9.68 7.73 7.98 8.58 7.38 7.66 7.66 7.62 7.74
Equity
1.98 2.50 1.44 1.79 1.39 1.59 1.81 2.07 2.33 2.41
0.71 0.77 −0.57 −0.53 −0.98 −0.80 −0.91 −0.92 −0.88 −0.98
Growth +7.7% −174.6%
Per share and net cash
calc n/a −3.86 n/a −5.22 −5.22 −4.94 −5.09 −5.36 −5.42 −5.35
105.0 99.7 94.5 87.3 85.9 85.7 77.6 71.0 66.7 62.4
calc 6.80 7.71 −6.08 −6.07 −11.35 −9.35 −11.77 −12.92 −13.21 −15.72

Lines marked calc are worked out here from filed figures; point at one for how.