balance equationreview2016-12-31
Difference 85000000 exceeds tolerance 9819000.000. Presentation or filing-vintage differences need review.
Revenue
$4.02B
Fiscal year ended 2025-12-31Operating income
$553.00M
Fiscal year ended 2025-12-31Free cash flow
$523.00M
Fiscal year ended 2025-12-31Travel & Leisure Co. (TNL) reported revenue of $4.02B and net income of $230.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Travel & Leisure Co.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Hotels & Motels.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.02B | $3.86B | $3.75B | $3.57B | $3.13B | $2.16B | $4.04B | $3.93B | $3.81B | $3.69B |
| Cost of revenue | $273.00M | $92.00M | $133.00M | $157.00M | $157.00M | $2.00M | $186.00M | $183.00M | $150.00M | Unavailable |
| Gross profit | $3.75B | $3.77B | $3.62B | $3.41B | $2.98B | $2.16B | $3.86B | $3.75B | $3.66B | Unavailable |
| Operating income | $553.00M | $733.00M | $720.00M | $653.00M | $618.00M | -$105.00M | $812.00M | $523.00M | $439.00M | $658.00M |
| Net income | $230.00M | $411.00M | $396.00M | $357.00M | $308.00M | -$255.00M | $507.00M | $672.00M | $854.00M | $611.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 66.90M | shares 70.70M | shares 75.00M | shares 84.20M | shares 87.30M | shares 86.10M | shares 92.40M | shares 99.20M | shares 103.70M | shares 110.60M |
| Pretax income | $337.00M | $513.00M | $485.00M | $486.00M | $429.00M | -$276.00M | $680.00M | $396.00M | $318.00M | $542.00M |
| Income tax expense | $107.00M | $135.00M | $94.00M | $130.00M | $116.00M | -$23.00M | $191.00M | $130.00M | -$328.00M | $190.00M |
| Diluted EPS | $3.44 | $5.82 | $5.28 | $4.24 | $3.52 | $-2.97 | $5.48 | $6.77 | $8.24 | $5.52 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $498.00M | $475.00M | $454.00M | $479.00M | $434.00M | $398.00M | $491.00M | $513.00M | $580.00M | $568.00M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $253.00M | $167.00M | $282.00M | $550.00M | $369.00M | $1.20B | $355.00M | $218.00M | $48.00M | $113.00M |
| Total assets | $6.76B | $6.74B | $6.74B | $6.76B | $6.59B | $7.61B | $7.45B | $7.16B | $10.45B | $9.82B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $3.00B | $1.81B |
| Total liabilities | $7.74B | $7.62B | $7.66B | $7.66B | $7.38B | $8.58B | $7.98B | $7.73B | $9.68B | $9.10B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $2.63B | $2.03B |
| Total equity incl. NCI | -$982.00M | -$880.00M | -$917.00M | -$904.00M | -$794.00M | -$968.00M | -$524.00M | -$569.00M | $774.00M | $633.00M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.13B | $1.23B | $1.14B | $1.19B | $1.22B | $1.35B | $1.20B | $1.22B | $1.25B | $310.00M |
| Accounts receivable | $165.00M | $155.00M | $179.00M | $160.00M | $131.00M | $115.00M | $144.00M | $121.00M | $195.00M | $376.00M |
| Goodwill | $972.00M | $966.00M | $962.00M | $955.00M | $961.00M | $964.00M | $970.00M | $922.00M | $911.00M | $1.22B |
| Long-term debt | $5.60B | $5.59B | $5.65B | $5.64B | $5.31B | $6.42B | $5.58B | Unavailable | $3.91B | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $66.00M | $232.00M | $213.00M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $640.00M | $464.00M | $350.00M | $442.00M | $568.00M | $374.00M | $452.00M | $442.00M | $986.00M | $963.00M |
| Capital expenditures | $117.00M | $81.00M | $74.00M | $52.00M | $57.00M | $69.00M | $108.00M | $99.00M | $107.00M | $117.00M |
| Investing cash flow | -$107.00M | -$124.00M | -$80.00M | -$50.00M | -$93.00M | -$65.00M | -$66.00M | -$725.00M | -$362.00M | -$346.00M |
| Financing cash flow | -$443.00M | -$458.00M | -$500.00M | -$196.00M | -$1.29B | $502.00M | -$289.00M | $280.00M | -$558.00M | -$586.00M |
| Net change in cash | $97.00M | -$129.00M | -$230.00M | $191.00M | -$820.00M | $815.00M | $98.00M | -$12.00M | $83.00M | $11.00M |
| Stock-based compensation | $57.00M | $41.00M | $38.00M | $45.00M | $32.00M | $20.00M | $24.00M | $129.00M | $59.00M | $57.00M |
| Common dividends paid | $149.00M | $142.00M | $136.00M | $135.00M | $109.00M | $138.00M | $166.00M | $194.00M | $242.00M | $223.00M |
| Common share repurchases | $301.00M | $234.00M | $309.00M | $351.00M | $25.00M | $128.00M | $340.00M | $330.00M | $599.00M | $619.00M |
| Depreciation & amortization | $124.00M | $115.00M | $112.00M | $119.00M | $124.00M | $126.00M | $121.00M | $138.00M | $136.00M | $127.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $523.00M | $383.00M | $276.00M | $390.00M | $511.00M | $305.00M | $344.00M | $343.00M | $879.00M | $846.00M |
| Gross margin | 93.2% | 97.6% | 96.5% | 95.6% | 95.0% | 99.9% | 95.4% | 95.3% | 96.1% | Unavailable |
| Operating margin | 13.8% | 19.0% | 19.2% | 18.3% | 19.7% | -4.9% | 20.1% | 13.3% | 11.5% | 17.8% |
| FCF margin | 13.0% | 9.9% | 7.4% | 10.9% | 16.3% | 14.1% | 8.5% | 8.7% | 23.1% | 22.9% |
| SBC / revenue | 1.4% | 1.1% | 1.0% | 1.3% | 1.0% | 0.9% | 0.6% | 3.3% | 1.6% | 1.5% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1.14x | 0.89x |
| Revenue YoY growth | 4.1% | 3.0% | 5.1% | 13.8% | 45.1% | -46.6% | 2.8% | 3.3% | 3.1% | Unavailable |
| Net margin | 5.7% | 10.6% | 10.6% | 10.0% | 9.8% | -11.8% | 12.5% | 17.1% | 22.4% | 16.5% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 2.9% | 2.1% | 2.0% | 1.5% | 1.8% | 3.2% | 2.7% | 2.5% | 2.8% | 3.2% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 31.8% | 26.3% | 19.4% | 26.7% | 27.0% | Unavailable | 28.1% | 32.8% | -103.1% | 35.1% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TNL in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-22View SEC filing
10-Q · Filed 2026-04-22View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-10-22View SEC filing
10-Q · Filed 2025-07-23View SEC filing
10-Q · Filed 2025-04-23View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.