WYNDHAM HOTELS & RESORTS, INC. WH
Wyndham Hotels & Resorts, Inc. ("Wyndham Hotels", the "Company", "we", "our" or "us") is the world's largest hotel franchising company by number of franchised properties, with over 8,300 affiliated hotels and approximately 869,000 rooms located in approximately 100 countries and welcoming approximately 138 million guests annually worldwide. We operate a hotel portfolio of 25 brands. Our 25 brands are primarily located in secondary and tertiary cities and approximately 80% of the U.S. population lives within ten miles of at least one of our affiliated hotels. Our mission is to make hotel travel possible
for all. Wherever people go, Wyndham will be there to welcome them. We boast a remarkably asset-light business model dramatically limiting our capital needs.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.40B | $1.38B | $1.35B | $1.25B | $950.0M | $1.43B | $1.87B | $1.28B | $1.27B |
| SG&A | $125.0M | $130.0M | $130.0M | $123.0M | $113.0M | $116.0M | $130.0M | $119.0M | $88.0M | $83.0M |
| Operating income | $402.0M | $495.0M | $503.0M | $558.0M | $446.0M | -$46.0M | $307.0M | $283.0M | $249.0M | $295.0M |
| Interest expense | $139.0M | $124.0M | $102.0M | $80.0M | $93.0M | $112.0M | $100.0M | $60.0M | $6.0M | $1.0M |
| Pre-tax income | $263.0M | $368.0M | $398.0M | $476.0M | $335.0M | -$158.0M | $207.0M | $223.0M | $243.0M | $294.0M |
| Income tax | $70.0M | $79.0M | $109.0M | $121.0M | $91.0M | $26.0M | $50.0M | $61.0M | $13.0M | $118.0M |
| Net income | $193.0M | $289.0M | $289.0M | $355.0M | $244.0M | -$132.0M | $157.0M | $162.0M | $230.0M | $176.0M |
| EPS, basic | 2.51 | 3.64 | 3.43 | 3.93 | 2.61 | -1.42 | 1.63 | 1.62 | 2.31 | 1.76 |
| EPS, diluted | 2.50 | 3.61 | 3.41 | 3.91 | 2.60 | -1.42 | 1.62 | 1.62 | 2.31 | 1.76 |
| Shares, diluted (wtd. avg.) | $77.2M | $80.1M | $84.9M | $90.8M | $93.9M | $93.4M | $96.6M | $99.8M | $99.8M | $99.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.0M | $103.0M | $66.0M | $161.0M | $171.0M | $493.0M | $94.0M | $366.0M | $59.0M | $30.0M |
| Receivables | $291.0M | $271.0M | $241.0M | $234.0M | $246.0M | $295.0M | $304.0M | $293.0M | $194.0M | — |
| Total current assets | $435.0M | $467.0M | $373.0M | $545.0M | $720.0M | $900.0M | $499.0M | $851.0M | $334.0M | — |
| Property, plant and equipment | $104.0M | $94.0M | $88.0M | $99.0M | $106.0M | $278.0M | $307.0M | $326.0M | $250.0M | — |
| Goodwill | $1.52B | $1.52B | $1.52B | $1.52B | $1.52B | $1.52B | $1.54B | $1.55B | $423.0M | $377.0M |
| Other intangibles | $282.0M | $318.0M | $347.0M | $375.0M | $474.0M | $513.0M | $553.0M | $594.0M | $260.0M | — |
| Total assets | $4.18B | $4.22B | $4.03B | $4.12B | $4.27B | $4.64B | $4.53B | $4.98B | $2.14B | $2.00B |
| Accounts payable | $38.0M | $37.0M | $32.0M | $39.0M | $31.0M | $28.0M | $30.0M | $61.0M | $38.0M | — |
| Total current liabilities | $507.0M | $466.0M | $459.0M | $406.0M | $397.0M | $346.0M | $462.0M | $693.0M | $411.0M | — |
| Total liabilities | $3.71B | $3.57B | $3.29B | $3.16B | $3.18B | $3.68B | $3.32B | $3.56B | $875.0M | — |
| Retained earnings | $471.0M | $654.0M | $488.0M | $318.0M | $79.0M | -$82.0M | $113.0M | $69.0M | $0 | — |
| Total equity | $468.0M | $650.0M | $746.0M | $962.0M | $1.09B | $963.0M | $1.21B | $1.42B | $1.26B | $1.09B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $367.0M | $290.0M | $376.0M | $399.0M | $426.0M | $67.0M | $100.0M | $231.0M | $278.0M | $264.0M |
| Depreciation and amortisation | $35.0M | $44.0M | $49.0M | $46.0M | $57.0M | $61.0M | $71.0M | $68.0M | $55.0M | $55.0M |
| Stock-based compensation | $43.0M | $45.0M | $39.0M | $33.0M | $28.0M | $21.0M | $20.0M | $9.0M | $11.0M | $10.0M |
| Capital expenditure | $46.0M | $49.0M | $37.0M | $39.0M | $37.0M | $33.0M | $50.0M | $73.0M | $46.0M | $42.0M |
| Investing cash flow | -$103.0M | -$65.0M | -$66.0M | $179.0M | -$34.0M | -$31.0M | -$53.0M | -$1.73B | -$197.0M | -$114.0M |
| Financing cash flow | -$314.0M | -$175.0M | -$402.0M | -$584.0M | -$713.0M | $363.0M | -$320.0M | $1.81B | -$51.0M | -$161.0M |
| Dividends paid | $127.0M | $122.0M | $118.0M | $116.0M | $82.0M | $53.0M | $112.0M | $77.0M | $0 | $0 |
| Buybacks | $266.0M | $310.0M | $393.0M | $448.0M | $107.0M | $50.0M | $242.0M | $117.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001722684-26-000007.
Others in SIC 7011
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|---|---|---|---|---|
| MAR | MARRIOTT INTERNATIONAL INC /MD/ | $87.75B | 35.4x | 4.3% |
| HLT | Hilton Worldwide Holdings Inc. | $70.04B | 50.8x | 7.7% |
| LVS | LAS VEGAS SANDS CORP | $28.74B | 18.9x | 15.2% |
| H | Hyatt Hotels Corp | $15.64B | — | 6.8% |
| MGM | MGM Resorts International | $10.37B | 54.2x | 1.7% |
| WYNN | WYNN RESORTS LTD | $9.43B | 29.2x | 0.1% |
| CZR | Caesars Entertainment, Inc. | $6.05B | — | 2.1% |
| BYD | BOYD GAMING CORP | $5.67B | 3.5x | 4.1% |