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Travel + Leisure TNL Vacation Ownership — Inventory write-downs and impairments

Other segment segments

Travel and Membership

$250K—

Similar metrics at other companies

QBTSInventory write-downs

-$30K-225%

MOG.BInventory Write Down

$0-100%

TERInventory write-downs

$4.68M-5.3%

TMHCInventory write-downs

$8.18M-45.0%

MOVEInventory Write-Down

$32K-83.7%

CIENInventory write-downs

$20.65M+65.0%

Other financials

Income statement

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

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

Operating cash flow$38.0M-68.6%

CapEx$19.0M-9.5%

Free cash flow$19.0M-81.0%

Valuation

Market cap$4.79B+39.8%

Profitability

Gross margin93%-4.9pp

Operating margin14.3%-4.8pp

Net margin10.4%-0.6pp

FCF margin10.9%-0.7pp

Returns & leverage

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:OtherAssetImpairmentCharges.

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 vacation ownership — inventory write-downs and impairments?: Travel + Leisure (TNL) reported vacation ownership — inventory write-downs and impairments of $19M in Q1 2026.
What does vacation ownership — inventory write-downs and impairments mean?: Reflects the reduction in the carrying value of vacation ownership inventory when its market value falls below its book value. High levels of write-downs may indicate oversupply, declining demand, or poor asset valuation strategies within the vacation ownership portfolio.