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Travel + Leisure TNL Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

Vail Resorts logo
Vail ResortsMTN
$364.37M+7.0%
Hilton Worldwide logo
Hilton WorldwideHLT
$27M+17.4%
Walt Disney logo
Walt DisneyDIS
Hyatt Hotels logo
Hyatt HotelsH
Wynn Resorts logo
Wynn ResortsWYNN
Host Hotels & Resorts logo
Host Hotels & ResortsHST

Other financials

Income statement

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Revenue$961.0M+2.9%
Gross profit$926.0M+1.6%
Operating income$159.0M+1.9%
Net income$79.0M+8.2%
EPS (diluted)$1.22+14.0%

Balance sheet

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Cash & equivalents$456.0M+24.3%
Total debt$4.7B+11.9%
Total equity-$1.0B-13.2%
Total assets$6.8B+1.1%

Cash flow

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Operating cash flow$38.0M-68.6%
CapEx$19.0M-9.5%
Free cash flow$19.0M-81.0%

Valuation

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Market cap$4.79B+39.8%
Enterprise value$9.04B+23.7%
P/E12.9×+2.3×
P/S1.2×+0.3×

Profitability

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Gross margin93%-4.9pp
Operating margin14.3%-4.8pp
Net margin10.4%-0.6pp
FCF margin10.9%-0.7pp

Returns & leverage

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Return on equity122.1%
Debt / equity6.6×
Current ratio1.2×

Where this comes from

Reported directly by Travel + Leisure in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The official record: Travel + Leisure’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Travel + Leisure's noncontrolling interests in subsidiaries?
Travel + Leisure (TNL) reported noncontrolling interests in subsidiaries of -$1M in Q1 2026.
What is the long-term trend for Travel + Leisure's noncontrolling interests in subsidiaries?
Over 5 years (2020 to 2025), Travel + Leisure's noncontrolling interests in subsidiaries has grown at a -32.2% compound annual growth rate (CAGR), from $7M to -$1M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.