Travel + Leisure Co.
TNL · Price history
Price at last available close
$67.23
+$3.36 (+5.26%) 1M
2026-10-27
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Company & revenue
About Travel + Leisure Co.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Travel + Leisure Co. functions as a global hospitality enterprise, delivering a diverse range of services and products through its two primary divisions: Vacation Ownership and Travel & Membership. The Vacation Ownership segment focuses on the development, marketing, and sale of fractional vacation ownership interests (VOIs) directly to individual consumers.
How they make money
Travel + Leisure Co. operates primarily through a vacation ownership model, where it develops, markets, and sells vacation ownership interests (VOIs) to individual consumers. The company also generates recurring revenue through management fees for its resort properties and by operating travel membership programs, exchange networks, and B2B private-label travel club solutions.
Products & services
Vacation ownership interests, resort management services, vacation exchange networks, travel membership programs, and B2B private-label travel club solutions.
Brands & revenue mix
Flagship brand used for travel products and services under a long-term licensing agreement.
Separate brand revenue is not available in this research.Source
Vacation exchange brand providing access to a global network of resorts.
Separate brand revenue is not available in this research.Source
Vacation ownership brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Geographic revenue
Customer types
Customer concentration
The company does not report significant customer concentration as its revenue is derived from a large base of individual vacation ownership interest owners and travel club members.
Suppliers, materials & equipment
- Third-party resort management and hospitality service providers — Various vendors providing operational support, maintenance, and hospitality services for managed properties; specific supplier companies are unnamed.Source
Business relationships & partnerships
- People Inc. — Strategic alliance involving a 30-year royalty-free, renewable licensing relationship for the Travel + Leisure brand.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
28
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
43
Weak
Financial Strength
32
Business Quality / Moat
61
Management
34
Growth Quality
30
Risk / Durability
66
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
34
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
42/100
Building Historical Record
Model Score 42/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Severe debt stress
- •M&A headline · Oct 2, 2026
- •M&A headline · Sep 25, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for TNL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can TNL maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is TNL's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is TNL's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify TNL's current valuation?
- •What does the current severe debt stress warning mean for the reliability or interpretation of TNL's score?
Essential Investment Snapshot
Wall Street Score
28
Opportunity Score
34
Market Cap
$4.12B
P/E Ratio
17.6
EPS
$3.73
52-Week High
$81.00
52-Week Low
$60.34
Beta
1.21
Intrinsic Value
$62.10
Analyst Target
$82.00
Shares Outstanding
66.9M
Total Revenue
$4.09B
Total Debt
$5.71B
Dividend Yield (TTM)
3.51%
Liquidation Value / Share
$-15.25
Dividend / Share (TTM)
$2.36
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for TNL
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
M&A headline · Oct 2, 2026
TNL Mediagene Enters into Definitive Agreement to Sell Japanese Business in Management Buyout — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Newsfile CorpM&A headline · Sep 25, 2026
257,264 Shares in Travel + Leisure Co. $TNL Acquired by Bank of America Corp DE — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on TNL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diverse portfolio of vacation ownership and travel membership products.
- +Strong brand recognition through the Travel + Leisure licensing agreement.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (severe): Negative shareholder equity.
- −Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
28
Oct 1, 2026
Change
-0.2
points
Current Score
28
Oct 27, 2026
Category Changes
TNL decreased 0.2 points because some fundamentals weakened.
Projected Score
Projected Score
28
Projected Change
+0.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$67.23
Model Intrinsic Value
$62.10
Difference
+$5.13
+8.3% vs IV
Margin of Safety
-8.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.09B | $4.02B | $3.86B | $3.75B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.24B | $2.93B | $1.97B | $1.93B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.85B | $1.09B | $1.89B | $1.82B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $1.14B | $1.08B | $1.02B | $961.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $1.23B | $376.0M | $1.16B | $1.10B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $701.0M | $828.0M | $877.0M | $848.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $622.0M | $717.0M | $733.0M | $720.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $368.0M | $367.0M | $249.0M | $251.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $348.0M | $337.0M | $513.0M | $485.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $110.0M | $107.0M | $135.0M | $94.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $238.0M | $230.0M | $411.0M | $396.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $3.73 | $3.51 | $5.39 | $5.32 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 62.30M | 65.60M | 70.10M | 74.50M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 63.40M | 66.90M | 70.70M | 75.00M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.06B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.72
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+2.2%
Cash Change
+33.0%
Margin Change
-0.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels. Pressure indicators included debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 4.4%. EPS increased 6.2%. Cash increased 33.0%. Total debt increased 2.2%. Net income margin declined by 0.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · TNL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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