Travel + Leisure Co.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 3.13B | 3.57B | 3.75B | 3.86B | 4.02B | 4.1% | |
| Cost of Revenue | (1.56B) | (1.84B) | (1.93B) | (1.97B) | (2.93B) | 48.5% | |
Gross Profit | 1.57B | 1.73B | 1.82B | 1.89B | 1.09B | -42.2% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (797.00M) | (930.00M) | (961.00M) | (1.02B) | (1.08B) | 5.7% | |
| General & Administrative | (434.00M) | (479.00M) | (454.00M) | (475.00M) | (498.00M) | 4.8% | |
| Selling & Marketing | (363.00M) | (451.00M) | (507.00M) | (550.00M) | (585.00M) | 6.4% | |
| Depreciation & Amortization | (124.00M) | (119.00M) | (112.00M) | (115.00M) | (124.00M) | 7.8% | |
Operating Income (EBIT) | 618.00M | 653.00M | 720.00M | 733.00M | 717.00M | -2.2% | |
| Non-Operating Items | |||||||
| Interest Income | 3.00M | 6.00M | 13.00M | 14.00M | 463.00M | 3207.1% | |
| Interest Expense | (198.00M) | (195.00M) | (251.00M) | (249.00M) | (367.00M) | 47.4% | |
| Other Income/Expenses (Net) | -189.00M | -167.00M | -235.00M | -220.00M | -380.00M | 72.7% | |
Income Before Tax | 429.00M | 486.00M | 485.00M | 513.00M | 337.00M | -34.3% | |
| Income Tax Expense | (116.00M) | (130.00M) | (94.00M) | (135.00M) | (107.00M) | -20.7% | |
Net Income | 308.00M | 357.00M | 396.00M | 411.00M | 230.00M | -44.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $4 | $4 | $5 | $5 | $4 | -34.9% | |
| Weighted Avg Shares Outstanding | 86.50M | 83.40M | 74.50M | 70.10M | 65.60M | -6.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 86.50M | 84.20M | 75.00M | 70.70M | 66.90M | -5.4% | |
EBITDA | 751.00M | 800.00M | 848.00M | 877.00M | 828.00M | -5.6% |
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TNL in the Consumer Cyclical
Mid Cap