Travel + Leisure (TNL) Stock Analysis & Winston Score

Travel + Leisure Co. is a vacation ownership and travel membership company. It sells timeshares — a product where customers pay upfront to own the right to vacation at a resort for a set number of weeks each year. The company owns well-known brands like Wyndham Destinations and the Travel + Leisure magazine brand, and it serves millions of everyday families looking for affordable vacation options.

The company makes money in two main ways: selling vacation ownership packages to new and existing customers, and collecting ongoing fees from its travel club memberships. It operates mostly in North America but has resorts in other regions too. Its large base of existing owners who pay annual maintenance fees creates a steady, recurring revenue stream that competitors find hard to replicate quickly. The main risk is that vacation ownership is a discretionary purchase, meaning consumers cut back on it quickly when the economy weakens or household budgets get tight.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+2.9% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+14.7% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

2.3%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$254M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Travel + Leisure is growing revenue at 3% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

54.1%

Healthy — 54.1% gross margin

Operating Margin

16.5%

Healthy — 16.5% operating margin

ROCE

3.4%

Weak — 3.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+4.3%

Slow sales growth (4.3% YoY)

EPS YoY

-35.3%

Earnings shrinking (-35.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

384%

Turns 384% of profit into real cash

FCF Margin

18.2%

Converts sales into free cash efficiently (18.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

1.69x

Dangerous — barely covers interest (1.7x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

20.9x

no trend

Growth-priced — P/E 20.9

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+10.5

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (20.9 → 10.4)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

3.03%

no trend

Moderate income — 3.03% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+9.4%

no trend

Dividend growing modestly (9.4% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial