Travel & Leisure (TNL) EV to FCF (2010 - 2026)
Travel & Leisure's EV to FCF came in at 8.94 for Q3 2026, up 18.2% from 7.56 a year earlier but down 15.5% from the prior quarter.
Powered by 
Analysis
Travel & Leisure (TNL) EV to FCF (2010 - 2026) Analysis & Trends
For FY2025, Travel & Leisure's EV to FCF was 7.93, down 5.1% from FY2024.
- Going back by year, EV to FCF was 8.35 in FY2024 (-7.6%), 9.04 in FY2023 (+54.5%), 5.85 in FY2022 (-31.7%) and 8.56 in FY2021 (-2.0%).
- The five-year range for quarterly EV to FCF is 5.85 (Q4 2022) to 11.04 (Q1 2023).
- Year-over-year, EV to FCF has increased for three consecutive quarters, with growth averaging 8.9% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q2 2026 (growth of 56.4%), and the weakest in Q1 2022 (a decline of 46.3%).
- Business Quant data shows TNL's EV to FCF at 10.58 (Q2 2026), 9.77 (Q1 2026) and 7.93 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 105.39 Bn | 103.43 Bn | 1.55 Bn |
| 2 | Royal Caribbean Cruises | 81.61 Bn | 78.54 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 79.79 Bn | 76.53 Bn | 3.05 Bn |
| 4 | Carnival | 39.37 Bn | 32.56 Bn | - |
| 5 | Viking Holdings | 38.86 Bn | 23.98 Bn | 996.62 Mn |
| 6 | Trip.com | 26.00 Bn | -19.04 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 25.87 Bn | 21.84 Bn | - |
| 8 | Hyatt Hotels | 16.96 Bn | 14.38 Bn | 384.00 Mn |
| 9 | H World | 14.64 Bn | 6.04 Bn | 456.00 Mn |
| 10 | Travel & Leisure | 4.36 Bn | 4.36 Bn | 1.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.94 |
| Jun 30, 2026 | 10.58 |
| Mar 31, 2026 | 9.77 |
| Dec 31, 2025 | 7.93 |
| Sep 30, 2025 | 7.56 |
| Jun 30, 2025 | 6.77 |
| Mar 31, 2025 | 6.79 |
| Dec 31, 2024 | 8.35 |
| Sep 30, 2024 | 6.91 |
| Jun 30, 2024 | 7.89 |
| Mar 31, 2024 | 9.68 |
| Dec 31, 2023 | 9.04 |
| Sep 30, 2023 | 7.72 |
| Jun 30, 2023 | 10.44 |
| Mar 31, 2023 | 11.04 |
| Dec 31, 2022 | 5.85 |
| Sep 30, 2022 | 7.53 |
| Jun 30, 2022 | 6.68 |
| Mar 31, 2022 | 7.94 |
| Dec 31, 2021 | 8.56 |
API Access
Travel & Leisure EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "TNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();