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

Screener

Other segment segments

Travel and Membership

$250K—

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INNReportable Segements — Loss on impairment and write-down of assets

$458.25K-72.7%

Other financials

Income statement

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Revenue$1.1B+4.4%

Gross profit$1.0B+3.7%

Operating income$210.0M+1.9%

Net income$109.0M+0.9%

EPS (diluted)$1.72+6.2%

Balance sheet

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Cash & equivalents$471.0M+21.7%

Total debt$4.5B+4.4%

Total equity-$1.0B-19.6%

Total assets$6.9B+1.3%

Cash flow

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Operating cash flow$220.0M-5.2%

CapEx$25.0M-32.4%

Free cash flow$195.0M0.0%

Valuation

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Market cap$4.74B+22.5%

Enterprise value$8.78B+12.5%

P/E11.6×+2.1×

P/S1.2×+0.2×

Profitability

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Gross margin92.9%-5.1pp

Operating margin14.2%-5.1pp

Net margin10.4%-0.6pp

FCF margin10.8%-1.8pp

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:OtherAssetImpairmentCharges.

The source filing: Travel + Leisure’s 10-Q, filed July 22, 2026.

Filed: Jul 22, 2026, 11:22 AM EDT
Fiscal quarter: Q3 FY2026
Calendar quarter: Q3 2026
Accession: 0001361658-26-000053

(e)Represents Cost of vacation ownership interests on the Condensed Consolidated Statements of Income. Excludes $6 million of inventory write-downs and impairments which are not included in the determination of Adjusted EBITDA.

Item 1. Financial Statements (Unaudited).

FAQ

What is Travel + Leisure's vacation ownership — inventory write-downs and impairments?: Travel + Leisure (TNL) reported vacation ownership — inventory write-downs and impairments of $6M in Q2 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.