Touchstone
Last syncNov 1, 2026, 6:55 PM ET

TNL

Travel & Leisure Co. Consumer Discretionary Hotels & Motels Russell 3000
$71.67Close $16.2BMarket cap $59.76 – $78.4552-week range Jan 26, 2027Next report · estimated

Highlights

Cautions

  • Not in an uptrend 3 of 8 trend conditions

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 27, 2026
Off 12-month high 9%
1wk up 10.4% price change
1mo up 15.8% price change
12-month return up 17% market up 11% · its own up 4%
F-score — — Not assessed
Altman Z — Unknown
P/E 70.4× price / earnings
PEG — P/E / EPS growth
P/B — price / book
Earnings yield up 2.6% EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth up 4% year on year
EPS growth up 3% latest quarter · -3 pts
Sales growth up 5% latest quarter · +1 pts
ROE — return on equity
Free cash margin up 13% $523.0M FCF
D/E — long-term debt / equity
Net debt / EBITDA 7.9×
Interest cover 2.4×EBIT / interest

Trade setup

ATR% 2.8% $1.97 a day · 2×ATR $67.72
RS 50 / 99 vs the universe
Trend 3 / 8 trend template
Relative volume 1.6× vs 50-day average
Up/down volume 1.10 50 sessions
Implied move — no scheduled report
Trend template · 3 of 8
  • Price above the 150 and 200-day averages: passes
  • 150-day average above the 200-day: fails
  • 200-day average rising for a month: fails
  • 50-day average above the 150 and 200-day: fails
  • Price above the 50-day average: passes
  • At least 30% above the 52-week low: fails
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Liabilities exceed assets Shareholders' equity is negative at -$981.0M as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
  • Heavily indebted Net debt is 7.9 times EBITDA — roughly 8 years of earnings before interest, tax and depreciation to repay borrowings in full.
  • Gross margin narrowing Gross margin fell from 97.6% to 93.2%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported Oct 27, 2026
Results reaction Oct 27, 2026+3% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $4.0B +4% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.2B FY2021 · $3.1B FY2022 · $3.6B FY2023 · $3.8B FY2024 · $3.9B FY2025 · $4.0B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $230.2M -44% on FY2024
-$500M $0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$255.0M FY2021 · $307.8M FY2022 · $356.4M FY2023 · $396.4M FY2024 · $411.0M FY2025 · $230.2M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $523.0M +37% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $305.0M FY2021 · $511.0M FY2022 · $390.0M FY2023 · $276.0M FY2024 · $383.0M FY2025 · $523.0M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 93%
  • Net 6%
  • Free cash 13%
-20% 0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 100% · Net -12% · Free cash 14% FY2021 · Gross 95% · Net 10% · Free cash 16% FY2022 · Gross 96% · Net 10% · Free cash 11% FY2023 · Gross 96% · Net 11% · Free cash 7% FY2024 · Gross 98% · Net 11% · Free cash 10% FY2025 · Gross 93% · Net 6% · Free cash 13%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $5.3B net debt
  • Cash
  • Long-term debt
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $1.2B · Long-term debt $6.4B FY2021 · Cash $369.0M · Long-term debt $5.3B FY2022 · Cash $550.0M · Long-term debt $5.6B FY2023 · Cash $282.0M · Long-term debt $5.6B FY2024 · Cash $167.0M · Long-term debt $5.6B FY2025 · Cash $253.0M · Long-term debt $5.6B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 225.94m +1.9% since FY2020
225.94m 221.76m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 221.76m FY2021 · 222.25m FY2022 · 222.90m FY2023 · 223.77m FY2024 · 224.60m FY2025 · 225.94m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $2.2B $3.1B $3.6B $3.8B $3.9B $4.0B
Gross margin 100% 95% 96% 96% 98% 93%
Operating income -$105.0M $618.0M $653.0M $720.0M $733.0M $553.0M
Net income -$255.0M $307.8M $356.4M $396.4M $411.0M $230.2M
Net margin -12% 10% 10% 11% 11% 6%
Earnings per share -$2.96 $3.53 $4.23 $5.29 $5.81 $3.44
Free cash flow $305.0M $511.0M $390.0M $276.0M $383.0M $523.0M
Free cash margin 14% 16% 11% 7% 10% 13%
Cash $1.2B $369.0M $550.0M $282.0M $167.0M $253.0M
Long-term debt $6.4B $5.3B $5.6B $5.6B $5.6B $5.6B
Shareholders' equity -$975.0M -$801.0M -$913.0M -$918.0M -$881.0M -$981.0M
Shares outstanding 221.76m 222.25m 222.90m 223.77m 224.60m 225.94m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 27, 2026 Quarterly ↗ Sep 30, 2026 27d
Jul 22, 2026 Quarterly ↗ Jun 30, 2026 22d
Apr 22, 2026 Quarterly ↗ Mar 31, 2026 22d
Feb 18, 2026 Annual ↗ Dec 31, 2025 49d
Oct 22, 2025 Quarterly ↗ Sep 30, 2025 22d
Jul 23, 2025 Quarterly ↗ Jun 30, 2025 23d
Apr 23, 2025 Quarterly ↗ Mar 31, 2025 23d
Feb 19, 2025 Annual ↗ Dec 31, 2024 50d
Oct 23, 2024 Quarterly ↗ Sep 30, 2024 23d
Jul 24, 2024 Quarterly ↗ Jun 30, 2024 24d
Apr 24, 2024 Quarterly ↗ Mar 31, 2024 24d
Feb 21, 2024 Annual ↗ Dec 31, 2023 52d

Current reports

FiledDisclosed
Oct 27, 2026 Results · Regulation FD ↗
Aug 19, 2026 Regulation FD ↗
Jul 22, 2026 Results · Regulation FD ↗
May 22, 2026 Shareholder vote ↗
May 20, 2026 Material agreement · New obligation · Other events ↗
May 11, 2026 Other events ↗
Apr 22, 2026 Results · Regulation FD ↗
Mar 10, 2026 Regulation FD ↗
Feb 18, 2026 Results · Regulation FD ↗
Dec 10, 2025 Material agreement · New obligation · Regulation FD ↗
Nov 12, 2025 Regulation FD ↗
Oct 22, 2025 Results · Regulation FD ↗