A Business at a Glance
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WYNDHAM HOTELS & RESORTS, INC.
WH
$5.7B
Mkt Cap
$73.53
+0.07%
WYNDHAM HOTELS & RESORTS, INC. (WH) has a current P/E ratio of 29.4, compared to its historical median P/E of 27.6. The stock is currently considered Fair based on its historical valuation range.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a 5-year average return on invested capital (ROIC) of 12.1%. This indicates solid capital allocation.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a market capitalization of $5.6B. It is classified as a mid-cap stock.
Yes, WYNDHAM HOTELS & RESORTS, INC. (WH) pays a dividend with a trailing twelve-month yield of 2.29%. The company also returns capital through share buybacks, with a buyback yield of 4.34%.
Based on historical P/E analysis, WYNDHAM HOTELS & RESORTS, INC. (WH) appears fair. The current P/E of 29.4 is 6% above its historical median of 27.6. The estimated fair value CAGR (P/E method) is 26.2%.
WYNDHAM HOTELS & RESORTS, INC. (WH) operates in the Hotels & Motels industry, within the Consumer Cyclical sector.
Wyndham Hotels & Resorts is the world's largest hotel franchising company by number of properties, operating a portfolio of 25 brands across approximately 8,300 affiliated hotels with roughly 869,000 rooms in approximately 100 countries, welcoming approximately 138 million guests annually. The company operates an asset-light franchise model that generates revenue primarily through franchise fees, royalties, and ancillary services including a co-branded credit card program, loyalty rewards (Wyndham Rewards), and technology-enabled services, with approximately 80% of U.S. population living within ten miles of at least one affiliated hotel. Wyndham's brands are primarily positioned in the economy, midscale, and upper midscale segments, representing approximately 19% of branded rooms in the United States, with a focus on secondary and tertiary cities that provide stable demand and lower capital requirements. The company's unit economics are characterized by high-margin fee-based revenue with minimal capital intensity, supported by a global distribution network, digital booking platforms enhanced by artificial intelligence, and a growing ancillary revenue stream that includes credit card partnerships and subscription programs like Wyndham Rewards Insider. Franchisees benefit from Wyndham's scale, technology infrastructure, and marketing platforms, while the company maintains a competitive moat through brand recognition, loyalty program engagement (with Wyndham Rewards membership growing 13% in Q4 2025 and direct occupancy reaching 54% domestically), and proprietary AI-driven marketing and reservation systems that optimize customer acquisition costs and drive incremental direct bookings.
【Strong ancillary momentum ahead】 Management expects continued acceleration in ancillary revenue growth, particularly from the co-branded credit card program and Wyndham Rewards Insider subscription service, which saw month-over-month paid membership double in both November and December following its October launch. The company is pursuing international expansion of its credit card platform, having recently signed an agreement with Mastercard to launch the first international co-branded card in Canada later in 2026, with plans to expand into additional markets. Development momentum remains robust with a record pipeline and faster construction timelines as costs moderate, supporting the company's confidence in achieving long-term net room growth targets of 3% to 5%. Management is deploying AI-driven marketing and reservation technologies that are generating hundreds of basis points of additional direct bookings while reducing franchisee labor costs, creating a durable competitive advantage expected to compound as adoption increases.
| Metric | Target | Period |
|---|---|---|
| Global net room growth | 4%-4.5% | FY2026 |
| Global RevPAR | up 1% to down 1% | FY2026 |
| Net revenues | $1.47 billion-$1.5 billion | FY2026 |
| Adjusted EBITDA | $730 million-$745 million | FY2026 |
| Adjusted net income | $351 million-$365 million | FY2026 |
| Adjusted diluted EPS | $4.62-$4.80 | FY2026 |
| Ancillary revenue growth | low- to mid-teens year-over-year | FY2026 |
| Free cash flow conversion | 55%-60% | FY2026 |
Global net room growth (FY2026): “We are reaffirming our expectation for full-year global net room growth of 4%- 4.5%, excluding any potential termination impact associated with Revo's ongoing insolvency.”
Global RevPAR (FY2026): “we're raising our global RevPAR outlook to a range of up 1% to down 1%.”
Net revenues (FY2026): “Net revenues are now expected to be $1.47 billion-$1.5 billion.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.4B | 1.4B | 1.4B | 1.5B | 1.6B |
| Net Income | 193M | 193M | 289M | 289M | 355M | 244M |
| EPS | $1.87 | $2.50 | $3.61 | $3.41 | $3.91 | $2.60 |
| Free Cash Flow | 304M | 321M | 241M | 339M | 360M | 389M |
| ROIC | 7.4% | 9.9% | 13.2% | 12.7% | 14.1% | 10.7% |
| Gross Margin | - | 55.2% | 62.5% | 74.1% | 55.9% | 47.7% |
| Debt/Equity | 8.17 | 5.48 | 3.80 | 2.96 | 2.17 | 1.93 |
| Dividends/Share | $1.68 | $1.64 | $1.52 | $1.40 | $1.28 | $0.88 |
| Operating Income | 404M | 402M | 495M | 503M | 558M | 446M |
| Operating Margin | 28.1% | 28.1% | 35.2% | 36.0% | 37.2% | 28.5% |
| ROE | 43.2% | 34.5% | 41.4% | 33.8% | 34.6% | 23.8% |
| Shares Outstanding | 76M | 77M | 80M | 85M | 91M | 94M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.3B | 1.3B | 1.9B | 2.1B | 1.3B | 1.6B | 1.5B | 1.4B | 1.4B | 1.4B | 1.4B |
| Gross Margin | 34.2% | 31.1% | 28.4% | 29.6% | 21.5% | 47.7% | 55.9% | 74.1% | 62.5% | 55.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 83M | 88M | 119M | 130M | 116M | 113M | 123M | 130M | 130M | 125M | 129M |
| EBIT | 295M | 249M | 283M | 307M | -46M | 446M | 558M | 503M | 495M | 402M | 404M |
| Op. Margin | 23.2% | 19.5% | 15.1% | 15.0% | -3.5% | 28.5% | 37.2% | 36.0% | 35.2% | 28.1% | 28.1% |
| Net Income | 176M | 230M | 162M | 157M | -132M | 244M | 355M | 289M | 289M | 193M | 193M |
| Net Margin | 13.9% | 18.0% | 8.7% | 7.6% | -10.2% | 15.6% | 23.7% | 20.7% | 20.5% | 13.5% | 13.4% |
| Non-Recurring | 2.0M | 42M | 23M | 53M | 240M | 6.0M | 35M | 1.0M | 27M | 104M | 23M |
| Returns on Capital | |||||||||||
| ROIC | 16.3% | 20.8% | 9.3% | 7.2% | -3.9% | 10.7% | 14.1% | 12.7% | 13.2% | 9.9% | 7.4% |
| ROE | 15.7% | 19.6% | 12.1% | 11.9% | -12.1% | 23.8% | 34.6% | 33.8% | 41.4% | 34.5% | 43.2% |
| ROA | 8.8% | 11.1% | 4.6% | 3.3% | -2.9% | 5.5% | 8.5% | 7.1% | 7.0% | 4.6% | 4.5% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 264M | 278M | 231M | 100M | 67M | 426M | 399M | 376M | 290M | 367M | 350M |
| Free Cash Flow | 222M | 232M | 158M | 50M | 34M | 389M | 360M | 339M | 241M | 321M | 304M |
| Owner Earnings | 199M | 212M | 154M | 9.0M | -52M | 303M | 289M | 37M | 114M | 201M | 66M |
| CapEx | 42M | 46M | 73M | 50M | 33M | 37M | 39M | 37M | 49M | 46M | 46M |
| Maint. CapEx | 55M | 55M | 68M | 71M | 98M | 95M | 77M | 300M | 131M | 123M | 241M |
| Growth CapEx | 0 | 0 | 5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 55M | 55M | 68M | 71M | 98M | 95M | 77M | 300M | 131M | 123M | 241M |
| CapEx/OCF | N/A | N/A | 31.6% | 50.0% | 49.3% | 8.7% | 9.8% | 9.8% | 16.9% | 12.5% | 13.1% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 77M | 112M | 53M | 82M | 116M | 118M | 122M | 127M | 128M |
| Dividend Yield | N/A | N/A | 1.6% | 2.4% | 1.3% | 1.3% | 1.8% | 2.0% | 2.0% | 1.9% | 2.3% |
| Share Buybacks | 0 | 0 | 117M | 242M | 50M | 107M | 448M | 393M | 310M | 266M | 243M |
| Buyback Yield | 0.0% | N/A | 2.9% | 4.4% | 1.0% | 1.4% | 7.5% | 6.0% | 3.9% | 4.5% | 4.3% |
| Stock-Based Comp | 10M | 11M | 9.0M | 20M | 21M | 28M | 33M | 39M | 45M | 43M | 43M |
| Debt Repayment | 0 | 0 | 4.0M | 16M | 760M | 574M | 404M | 1.2B | 1.5B | 312M | 312M |
| Balance Sheet | |||||||||||
| Net Debt | -30M | -57M | 1.8B | 2.1B | 2.1B | 1.9B | 1.9B | 2.1B | 2.4B | 2.5B | 3.6B |
| Cash & Equiv. | 30M | 57M | 366M | 94M | 493M | 171M | 161M | 66M | 103M | 64M | 79M |
| Long-Term Debt | 0 | 0 | 2.1B | 2.1B | 2.6B | 2.1B | 2.1B | 2.2B | 2.4B | 2.5B | 2.6B |
| Debt/Equity | 0.00 | 0.00 | 1.51 | 1.77 | 2.71 | 1.93 | 2.17 | 2.96 | 3.80 | 5.48 | 8.17 |
| Interest Coverage | 295.0 | 41.5 | 4.7 | 3.1 | -0.4 | 4.8 | 7.0 | 4.9 | 4.0 | 2.9 | 2.9 |
| Equity | 1.1B | 1.3B | 1.4B | 1.2B | 963M | 1.1B | 962M | 746M | 650M | 468M | 447M |
| Total Assets | 2.0B | 2.1B | 5.0B | 4.5B | 4.6B | 4.3B | 4.1B | 4.0B | 4.2B | 4.2B | 4.2B |
| Total Liabilities | 912M | 875M | 3.6B | 3.3B | 3.7B | 3.2B | 3.2B | 3.3B | 3.6B | 3.7B | 3.8B |
| Intangibles | N/A | 260M | 594M | 553M | 513M | 474M | 375M | 347M | 318M | 282M | 282M |
| Retained Earnings | N/A | 0 | 69M | 113M | -82M | 79M | 318M | 488M | 654M | 471M | 498M |
| Working Capital | N/A | -77M | 158M | 37M | 554M | 323M | 139M | -86M | 1.0M | -72M | -8.0M |
| Current Assets | N/A | 334M | 851M | 499M | 900M | 720M | 545M | 373M | 467M | 435M | 475M |
| Current Liabilities | N/A | 411M | 693M | 462M | 346M | 397M | 406M | 459M | 466M | 507M | 483M |
| Per Share Data | |||||||||||
| EPS | 1.76 | 2.31 | 1.62 | 1.62 | -1.42 | 2.60 | 3.91 | 3.41 | 3.61 | 2.50 | 1.87 |
| Owner EPS | 1.99 | 2.13 | 1.54 | 0.09 | -0.56 | 3.23 | 3.18 | 0.44 | 1.42 | 2.60 | 0.87 |
| Book Value | 10.86 | 12.67 | 14.18 | 12.51 | 10.36 | 11.60 | 10.60 | 8.80 | 8.12 | 6.06 | 5.87 |
| Cash Flow/Share | 2.64 | 2.79 | 2.31 | 1.03 | 0.72 | 4.54 | 4.39 | 4.44 | 3.62 | 4.75 | 5.70 |
| Dividends/Share | 0.00 | 0.00 | 0.75 | 1.16 | 0.56 | 0.88 | 1.28 | 1.40 | 1.52 | 1.64 | 1.68 |
| Shares Out. | 100.0M | 99.6M | 100.0M | 96.9M | 93.0M | 93.8M | 90.8M | 84.8M | 80.1M | 77.2M | 76.1M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | 24.6 | 35.3 | N/A | 31.8 | 16.8 | 22.8 | 27.6 | 30.7 | 39.4 |
| P/FCF | N/A | N/A | 25.3 | 110.9 | 141.5 | 20.0 | 16.5 | 19.5 | 33.1 | 18.4 | 18.4 |
| EV/EBIT | N/A | N/A | 19.2 | 24.4 | N/A | 21.4 | 13.8 | 17.3 | 20.8 | 20.9 | 22.7 |
| Price/Book | N/A | N/A | 2.8 | 4.6 | 5.0 | 7.1 | 6.2 | 8.8 | 12.3 | 12.6 | 12.5 |
| Price/Sales | N/A | N/A | 2.6 | 2.3 | 3.2 | 4.0 | 4.3 | 4.2 | 4.4 | 4.6 | 3.9 |
| FCF Yield | N/A | N/A | 4.0% | 0.9% | 0.7% | 5.0% | 6.0% | 5.1% | 3.0% | 5.4% | 5.4% |
| Market Cap | 0 | N/A | 4.0B | 5.5B | 4.8B | 7.8B | 6.0B | 6.6B | 8.0B | 5.9B | 5.6B |
| Avg. Price | 0.00 | N/A | 47.88 | 48.11 | 44.35 | 67.17 | 70.57 | 69.32 | 77.37 | 85.62 | 73.53 |
| Year-End Price | 0.00 | N/A | 39.93 | 57.24 | 51.76 | 82.78 | 65.54 | 77.82 | 99.70 | 76.65 | 73.53 |
WYNDHAM HOTELS & RESORTS, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
WYNDHAM HOTELS & RESORTS, INC. trades at 29.4x trailing earnings, compared to its 15-year median P/E of 27.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 17.2x vs a median of 19.7x. The company's 5-year average ROIC is 12.1% with a gross margin of 59.1%. Total shareholder yield (dividends + buybacks) is 6.6%. At current prices, the estimated annualized return to fair value is +32.7%.
WYNDHAM HOTELS & RESORTS, INC. (WH) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a net profit margin of 13.5%. This is a healthy margin.
WYNDHAM HOTELS & RESORTS, INC. (WH) generated $321 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a debt-to-equity ratio of 5.48. This indicates higher leverage, which may increase financial risk.
WYNDHAM HOTELS & RESORTS, INC. (WH) reported earnings per share (EPS) of $2.50 in its most recent fiscal year.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a return on equity (ROE) of 34.5%. This indicates the company generates strong returns for shareholders.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a 5-year average gross margin of 59.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for WYNDHAM HOTELS & RESORTS, INC. (WH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WYNDHAM HOTELS & RESORTS, INC. (WH) has a book value per share of $6.06, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued acceleration in ancillary revenue growth, particularly from the co-branded credit card program and Wyndham Rewards Insider subscription service, which saw month-over-month paid membership double in both November and December following its October launch. The company is pursuing international expansion of its credit card platform, having recently signed an agreement with Mastercard to launch the first international co-branded card in Canada later in 2026, with plans to expand into additional markets. Development momentum remains robust with a record pipeline and faster construction timelines as costs moderate, supporting the company's confidence in achieving long-term net room growth targets of 3% to 5%. Management is deploying AI-driven marketing and reservation technologies that are generating hundreds of basis points of additional direct bookings while reducing franchisee labor costs, creating a durable competitive advantage expected to compound as adoption increases.
Based on recent SEC filings and earnings calls, WYNDHAM HOTELS & RESORTS, INC. (WH) has provided the following forward guidance: Global net room growth: 4%-4.5% (FY2026); Global RevPAR: up 1% to down 1% (FY2026); Net revenues: $1.47 billion-$1.5 billion (FY2026); Adjusted EBITDA: $730 million-$745 million (FY2026); Adjusted net income: $351 million-$365 million (FY2026), plus 3 additional metrics.
Adjusted EBITDA (FY2026): “adjusted EBITDA outlook range of $730 million-$745 million, which therefore remains unchanged.”
Adjusted net income (FY2026): “We've updated our adjusted net income range to $351 million-$365 million to reflect the impact of increased interest expense resulting from our issuance of senior unsecured notes, which is offset in adjusted diluted EPS by the impact of share repurchases.”
Adjusted diluted EPS (FY2026): “our adjusted diluted EPS outlook range of $4.62-$4.80 remains unchanged.”
Ancillary revenue growth (FY2026): “Fee-related and other revenues are expected to be $1.46 billion-$1.49 billion, which includes low- to mid-teens year-over-year growth in our ancillary revenues.”
Free cash flow conversion (FY2026): “Free cash flow conversion before development advances is expected to range from 55%-60%.”