NYSE : WH
Wyndham Hotels & Resorts, Inc. — Financial statements
Consumer Discretionary · Lodging · United States
Last price 75.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.48B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Wyndham Hotels & Resorts, Inc. (WH) reported revenue of 1.45B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.23B | 1.24B | 1.25B | 1.24B | 1.21B | 1.12B |
| Other Revenue | 213.00M | 191.00M | 157.00M | 148.00M | 141.00M | 120.00M |
| Revenue | 1.45B | 1.43B | 1.40B | 1.38B | 1.35B | 1.25B |
| Cost of Revenue | 552.00M | 565.00M | 564.00M | 569.00M | 524.00M | 365.00M |
| Gross Profit | 894.00M | 864.00M | 840.00M | 815.00M | 830.00M | 880.00M |
| Selling, General & Admin | 307.00M | 293.00M | 211.00M | 224.00M | 229.00M | 330.00M |
| Operating Expenses | 368.00M | 355.00M | 282.00M | 300.00M | 306.00M | 425.00M |
| Operating Income | 526.00M | 509.00M | 558.00M | 515.00M | 524.00M | 455.00M |
| Interest Expense | -144.00M | -139.00M | -124.00M | -102.00M | -80.00M | -94.00M |
| Interest & Investment Income | 1.00M | |||||
| EBT Excluding Unusual Items | 382.00M | 370.00M | 434.00M | 413.00M | 444.00M | 362.00M |
| Merger & Restructuring Charges | -15.00M | -18.00M | -15.00M | |||
| Gain (Loss) on Sale of Assets | 35.00M | |||||
| Asset Writedown | -38.00M | -38.00M | -2.00M | -6.00M | ||
| Other Unusual Items | -49.00M | -51.00M | -49.00M | -15.00M | -3.00M | -21.00M |
| Pretax Income | 280.00M | 263.00M | 368.00M | 398.00M | 476.00M | 335.00M |
| Income Tax Expense | 78.00M | 70.00M | 79.00M | 109.00M | 121.00M | 91.00M |
| Net Income | 202.00M | 193.00M | 289.00M | 289.00M | 355.00M | 244.00M |
| Net Income to Common | 202.00M | 193.00M | 289.00M | 289.00M | 355.00M | 244.00M |
| Shares Outstanding (Basic) | 75.08M | 76.80M | 79.50M | 84.40M | 90.30M | 93.40M |
| Shares Outstanding (Diluted) | 75.33M | 77.20M | 80.10M | 84.90M | 90.80M | 93.90M |
| EPS (Basic) | 2.69 | 2.51 | 3.64 | 3.42 | 3.93 | 2.61 |
| EPS (Diluted) | 2.68 | 2.50 | 3.61 | 3.41 | 3.91 | 2.60 |
| Free Cash Flow | 330.00M | 321.00M | 241.00M | 339.00M | 360.00M | 389.00M |
| Free Cash Flow Per Share | 4.38 | 4.16 | 3.01 | 3.99 | 3.96 | 4.14 |
| Dividend Per Share | 1.70 | 1.64 | 1.52 | 1.40 | 1.28 | 0.88 |
| Gross Margin | 61.83% | 60.46% | 59.83% | 58.89% | 61.30% | 70.68% |
| Operating Margin | 36.38% | 35.62% | 39.74% | 37.21% | 38.70% | 36.55% |
| Profit Margin | 13.97% | 13.51% | 20.58% | 20.88% | 26.22% | 19.60% |
| Free Cash Flow Margin | 22.82% | 22.46% | 17.16% | 24.49% | 26.59% | 31.25% |
| EBITDA | 555.00M | 539.00M | 593.00M | 551.00M | 564.00M | 550.00M |
| EBITDA Margin | 38.38% | 37.72% | 42.24% | 39.81% | 41.65% | 44.18% |
| D&A For EBITDA | 29.00M | 30.00M | 35.00M | 36.00M | 40.00M | 95.00M |
| EBIT | 526.00M | 509.00M | 558.00M | 515.00M | 524.00M | 455.00M |
| EBIT Margin | 36.38% | 35.62% | 39.74% | 37.21% | 38.70% | 36.55% |
| Effective Tax Rate | 27.86% | 26.62% | 21.47% | 27.39% | 25.42% | 27.16% |
| Revenue as Reported | 1.45B | 1.43B | 1.41B | 1.40B | 1.50B | 1.56B |
| Advertising Expenses | 78.00M | 110.00M | 127.00M | 124.00M | 85.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 71.00M | 64.00M | 103.00M | 66.00M | 161.00M | 171.00M |
| Cash & Short-Term Investments | 71.00M | 64.00M | 103.00M | 66.00M | 161.00M | 171.00M |
| Accounts Receivable | 336.00M | 291.00M | 271.00M | 241.00M | 234.00M | 246.00M |
| Other Receivables | 4.00M | 6.00M | 51.00M | |||
| Receivables | 340.00M | 317.00M | 290.00M | 260.00M | 240.00M | 297.00M |
| Prepaid Expenses | 43.00M | 33.00M | 44.00M | 27.00M | 59.00M | 51.00M |
| Other Current Assets | 50.00M | 21.00M | 30.00M | 20.00M | 85.00M | 201.00M |
| Total Current Assets | 504.00M | 435.00M | 467.00M | 373.00M | 545.00M | 720.00M |
| Property, Plant & Equipment | 150.00M | 57.00M | 54.00M | 51.00M | 54.00M | 68.00M |
| Long-Term Investments | 23.00M | 18.00M | 13.00M | 53.00M | ||
| Goodwill | 1.52B | 1.52B | 1.52B | 1.52B | 1.52B | 1.52B |
| Other Intangible Assets | 1.47B | 1.54B | 1.60B | 1.63B | 1.66B | 1.73B |
| Long-Term Deferred Tax Assets | 15.00M | 13.00M | 12.00M | 5.00M | 5.00M | |
| Long-Term Deferred Charges | 86.00M | 83.00M | 73.00M | 67.00M | 34.00M | 30.00M |
| Other Long-Term Assets | 188.00M | 149.00M | 136.00M | 138.00M | 101.00M | 86.00M |
| Total Assets | 4.36B | 4.18B | 4.22B | 4.03B | 4.12B | 4.27B |
| Accounts Payable | 67.00M | 38.00M | 37.00M | 32.00M | 39.00M | 31.00M |
| Accrued Expenses | 266.00M | 157.00M | 167.00M | 186.00M | 196.00M | 195.00M |
| Current Portion of Long-Term Debt | 23.00M | 45.00M | 43.00M | 31.00M | 15.00M | 16.00M |
| Current Portion of Leases | 3.00M | 3.00M | 10.00M | 9.00M | 9.00M | |
| Current Income Taxes Payable | 107.00M | 66.00M | 64.00M | 38.00M | 33.00M | |
| Current Unearned Revenue | 135.00M | 134.00M | 121.00M | 91.00M | 83.00M | 70.00M |
| Other Current Liabilities | 7.00M | 23.00M | 29.00M | 45.00M | 26.00M | 43.00M |
| Total Current Liabilities | 498.00M | 507.00M | 466.00M | 459.00M | 406.00M | 397.00M |
| Long-Term Debt | 2.70B | 2.52B | 2.42B | 2.13B | 2.02B | 2.04B |
| Long-Term Leases | 3.00M | 6.00M | 39.00M | 47.00M | 55.00M | |
| Long-Term Unearned Revenue | 219.00M | 220.00M | 169.00M | 167.00M | 164.00M | 165.00M |
| Long-Term Deferred Tax Liabilities | 270.00M | 271.00M | 332.00M | 325.00M | 345.00M | 366.00M |
| Other Long-Term Liabilities | 194.00M | 188.00M | 180.00M | 166.00M | 182.00M | 156.00M |
| Total Liabilities | 3.88B | 3.71B | 3.57B | 3.29B | 3.16B | 3.18B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 33.00M | 14.00M | 1.65B | 1.60B | 1.57B | 1.54B |
| Retained Earnings | 635.00M | 471.00M | 654.00M | 488.00M | 318.00M | 79.00M |
| Treasury Stock | -217.00M | -21.00M | -1.67B | -1.36B | -964.00M | -519.00M |
| Comprehensive Income & Other | 23.00M | 3.00M | 17.00M | 19.00M | 38.00M | -15.00M |
| Shareholders' Equity | 475.00M | 468.00M | 650.00M | 746.00M | 962.00M | 1.09B |
| Total Liabilities & Equity | 4.36B | 4.18B | 4.22B | 4.03B | 4.12B | 4.27B |
| Total Debt | 2.73B | 2.58B | 2.47B | 2.21B | 2.09B | 2.12B |
| Net Cash (Debt) | -2.66B | -2.51B | -2.37B | -2.15B | -1.93B | -1.95B |
| Net Cash Per Share | -35.26 | -32.54 | -29.58 | -25.27 | -21.22 | -20.77 |
| Filing Date Shares Outstanding | 72.90M | 75.15M | 77.75M | 81.00M | 86.36M | 92.31M |
| Total Common Shares Outstanding | 73.00M | 75.40M | 78.00M | 81.00M | 86.40M | 92.30M |
| Working Capital | 6.00M | -72.00M | 1.00M | -86.00M | 139.00M | 323.00M |
| Book Value Per Share | 6.51 | 6.21 | 8.33 | 9.21 | 11.13 | 11.80 |
| Tangible Book Value | -2.52B | -2.60B | -2.47B | -2.40B | -2.23B | -2.16B |
| Tangible Book Value Per Share | -34.53 | -34.48 | -31.71 | -29.69 | -25.75 | -23.43 |
| Land | 17.00M | 7.00M | 7.00M | |||
| Buildings | 53.00M | 28.00M | 28.00M | |||
| Machinery | 11.00M | 9.00M | 16.00M | 24.00M | 24.00M | 32.00M |
| Construction In Progress | 33.00M | 15.00M | 7.00M | 13.00M | 9.00M | 12.00M |
| Leasehold Improvements | 2.00M | 2.00M | 1.00M | 29.00M | 30.00M | 30.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 202.00M | 193.00M | 289.00M | 289.00M | 355.00M | 244.00M |
| Depreciation & Amortization | 29.00M | 30.00M | 35.00M | 36.00M | 40.00M | 95.00M |
| Other Amortization | 32.00M | 32.00M | 36.00M | 40.00M | 37.00M | |
| Loss (Gain) From Sale of Assets | -35.00M | |||||
| Asset Writedown & Restructuring Costs | 86.00M | 86.00M | 12.00M | 6.00M | ||
| Stock-Based Compensation | 42.00M | 43.00M | 45.00M | 39.00M | 33.00M | 28.00M |
| Provision & Write-off of Bad Debts | 88.00M | 87.00M | 4.00M | 3.00M | -2.00M | 21.00M |
| Other Operating Activities | -26.00M | -25.00M | 31.00M | 1.00M | -37.00M | 17.00M |
| Change in Accounts Receivable | -44.00M | -48.00M | -39.00M | -10.00M | 16.00M | 25.00M |
| Change in Accounts Payable | 13.00M | 38.00M | -33.00M | -4.00M | 14.00M | 39.00M |
| Change in Unearned Revenue | 23.00M | 62.00M | 36.00M | 10.00M | 22.00M | 16.00M |
| Change in Other Net Operating Assets | -67.00M | -131.00M | -126.00M | -28.00M | -44.00M | -65.00M |
| Operating Cash Flow | 378.00M | 367.00M | 290.00M | 376.00M | 399.00M | 426.00M |
| Capital Expenditures | -48.00M | -46.00M | -49.00M | -37.00M | -39.00M | -37.00M |
| Sale of Property, Plant & Equipment | 263.00M | |||||
| Cash Acquisitions | -44.00M | |||||
| Other Investing Activities | -1.00M | |||||
| Investing Cash Flow | -63.00M | -103.00M | -65.00M | -66.00M | 179.00M | -34.00M |
| Long-Term Debt Issued | 405.00M | 1.83B | 1.38B | 400.00M | 45.00M | |
| Long-Term Debt Repaid | -312.00M | -1.58B | -1.25B | -409.00M | -579.00M | |
| Net Debt Issued (Repaid) | 92.00M | 93.00M | 257.00M | 128.00M | -9.00M | -534.00M |
| Issuance of Common Stock | 11.00M | 12.00M | 22.00M | 4.00M | 17.00M | |
| Repurchase of Common Stock | -258.00M | -289.00M | -330.00M | -402.00M | -459.00M | -114.00M |
| Common Dividends Paid | -129.00M | -127.00M | -122.00M | -118.00M | -116.00M | -82.00M |
| Other Financing Activities | -11.00M | -3.00M | -2.00M | -10.00M | -4.00M | |
| Financing Cash Flow | -295.00M | -314.00M | -175.00M | -402.00M | -584.00M | -713.00M |
| Foreign Exchange Rate Adjustments | 1.00M | -3.00M | -3.00M | -4.00M | -1.00M | |
| Net Cash Flow | 20.00M | -49.00M | 47.00M | -95.00M | -10.00M | -322.00M |
| Free Cash Flow | 330.00M | 321.00M | 241.00M | 339.00M | 360.00M | 389.00M |
| Free Cash Flow Margin | 22.82% | 22.46% | 17.16% | 24.49% | 26.59% | 31.25% |
| Free Cash Flow Per Share | 4.38 | 4.16 | 3.01 | 3.99 | 3.96 | 4.14 |
| Levered Free Cash Flow | 379.75M | 322.25M | 283.25M | 449.12M | 523.50M | 220.62M |
| Unlevered Free Cash Flow | 469.75M | 409.12M | 360.75M | 512.88M | 573.50M | 279.38M |
| Cash Interest Paid | 104.00M | 142.00M | 126.00M | 103.00M | 82.00M | 96.00M |
| Cash Income Tax Paid | 107.00M | 73.00M | 95.00M | 95.00M | 123.00M | 114.00M |
| Change in Working Capital | -75.00M | -79.00M | -162.00M | -32.00M | 8.00M | 15.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.48B | 5.71B | 7.84B | 6.54B | 6.30B | 8.35B |
| Enterprise Value | 8.14B | 8.28B | 10.26B | 8.62B | 8.09B | 10.29B |
| Last Close Price | 75.20 | 74.28 | 97.14 | 76.07 | 66.19 | 81.77 |
| PE Ratio | 28.02 | 29.58 | 27.13 | 22.63 | 17.74 | 34.23 |
| Forward PE | 14.71 | 15.81 | 21.67 | 19.02 | 18.40 | 26.88 |
| PS Ratio | 3.79 | 4.00 | 5.58 | 4.73 | 4.65 | 6.71 |
| PB Ratio | 11.56 | 12.20 | 12.06 | 8.77 | 6.55 | 7.67 |
| P/FCF Ratio | 16.61 | 17.78 | 32.53 | 19.29 | 17.50 | 21.47 |
| P/OCF Ratio | 14.50 | 15.55 | 27.04 | 17.39 | 15.79 | 19.61 |
| PEG Ratio | 1.38 | 1.46 | 2.18 | 0.68 | 0.68 | 0.68 |
| EV/Sales Ratio | 5.63 | 5.79 | 7.30 | 6.23 | 5.97 | 8.27 |
| EV/EBITDA Ratio | 14.66 | 15.35 | 17.29 | 15.65 | 14.35 | 18.71 |
| EV/EBIT Ratio | 15.47 | 16.26 | 18.38 | 16.74 | 15.44 | 22.62 |
| EV/FCF Ratio | 24.66 | 25.78 | 42.55 | 25.43 | 22.47 | 26.45 |
| Debt / Equity Ratio | 5.74 | 5.50 | 3.80 | 2.96 | 2.17 | 1.95 |
| Debt / EBITDA Ratio | 4.88 | 4.74 | 4.13 | 3.98 | 3.68 | 3.83 |
| Debt / FCF Ratio | 8.26 | 8.03 | 10.26 | 6.52 | 5.80 | 5.45 |
| Net Debt / Equity Ratio | 5.59 | 5.37 | 3.65 | 2.88 | 2.00 | 1.79 |
| Net Debt / EBITDA Ratio | 4.79 | 4.66 | 4.00 | 3.89 | 3.42 | 3.54 |
| Net Debt / FCF Ratio | 8.05 | 7.83 | 9.83 | 6.33 | 5.35 | 5.01 |
| Asset Turnover | 0.33 | 0.34 | 0.34 | 0.34 | 0.32 | 0.28 |
| Quick Ratio | 0.82 | 0.70 | 0.80 | 0.68 | 0.99 | 1.18 |
| Current Ratio | 1.01 | 0.86 | 1.00 | 0.81 | 1.34 | 1.81 |
| Return on Equity (ROE) | 38.19% | 34.53% | 41.40% | 33.84% | 34.62% | 23.78% |
| Return on Assets (ROA) | 7.55% | 7.57% | 8.45% | 7.89% | 7.80% | 6.38% |
| Return on Invested Capital (ROIC) | 12.21% | 12.45% | 14.83% | 12.94% | 13.18% | 10.70% |
| Return on Capital Employed (ROCE) | 13.60% | 13.90% | 14.90% | 14.40% | 14.10% | 11.80% |
| Earnings Yield | 3.57% | 3.38% | 3.69% | 4.42% | 5.64% | 2.92% |
| FCF Yield | 6.02% | 5.62% | 3.07% | 5.18% | 5.72% | 4.66% |
| Dividend Yield | 2.29% | 2.17% | 1.51% | 1.73% | 1.76% | 0.97% |
| Payout Ratio | 64.10% | 65.80% | 42.22% | 40.83% | 32.68% | 33.61% |
| Buyback Yield / Dilution | 3.34% | 3.62% | 5.65% | 6.50% | 3.30% | -0.53% |
| Total Shareholder Return | 5.62% | 5.79% | 7.17% | 8.23% | 5.06% | 0.44% |