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Travel + Leisure TNL Vacation Ownership — Segment assets

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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%

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 tnl:AssetsNetofInvestmentinUnconsolidatedSubsidiaries.

The official record: Travel + Leisure’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Travel + Leisure's vacation ownership — segment assets?
Travel + Leisure (TNL) reported vacation ownership — segment assets of $5.02B in Q4 2025.
How has Travel + Leisure's vacation ownership — segment assets changed year-over-year?
Travel + Leisure's vacation ownership — segment assets decreased by 1.8% year-over-year, from $5.11B to $5.02B.
What does vacation ownership — segment assets mean?
This represents the total book value of assets specifically allocated to the vacation ownership business segment. It provides insight into the scale of the capital base required to support the development, marketing, and management of vacation ownership properties.