Wyndham Hotels & Resorts (WH) financial statements
Wyndham Hotels & Resorts reported revenue of $1.4B in fiscal 2025, up 1.3% a year over 9 years.
Net income was $193M and the operating margin 28.1%, against 23.2% in 2016.
Free cash flow was $321M, and the company returned $127M in dividends and $266M in net buybacks.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Wyndham Hotels & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.9B | $1.4B | $950M | $1.2B | $1.4B | $1.4B | $1.4B | $1.4B |
| Selling, general and admin | $83M | $88M | $119M | $130M | $116M | $113M | $123M | $130M | $130M | $125M |
| Operating income | $295M | $249M | $283M | $307M | -$46M | $446M | $558M | $503M | $495M | $402M |
| Interest expense | $1M | $6M | $60M | $100M | $112M | $93M | $80M | $102M | $124M | $139M |
| Pre-tax income | $294M | $243M | $223M | $207M | -$158M | $335M | $476M | $398M | $368M | $263M |
| Income tax | $118M | $13M | $61M | $50M | -$26M | $91M | $121M | $109M | $79M | $70M |
| Net income | $176M | $230M | $162M | $157M | -$132M | $244M | $355M | $289M | $289M | $193M |
| EPS (diluted) | $1.76 | $2.31 | $1.62 | $1.62 | -$1.42 | $2.60 | $3.91 | $3.41 | $3.61 | $2.50 |
| Diluted shares | 100M | 100M | 100M | 97M | 93M | 94M | 91M | 85M | 80M | 77M |
| Operating margin | 23.2% | 19.5% | 15.1% | 21.5% | -4.8% | 35.8% | 41.2% | 36.3% | 35.3% | 28.1% |
| Net margin | 13.9% | 18.0% | 8.7% | 11.0% | -13.9% | 19.6% | 26.2% | 20.9% | 20.6% | 13.5% |
Balance sheet
Fiscal years, from Wyndham Hotels & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $30M | $57M | $366M | $94M | $493M | $171M | $161M | $66M | $103M | $64M |
| Receivables | — | $194M | $293M | $304M | $295M | $246M | $234M | $241M | $271M | $291M |
| Total current assets | — | $334M | $851M | $499M | $900M | $720M | $545M | $373M | $467M | $435M |
| Property, plant and equipment | — | $250M | $326M | $307M | $278M | $106M | $99M | $88M | $94M | $104M |
| Goodwill | $377M | $423M | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B |
| Total assets | $2.0B | $2.1B | $5.0B | $4.5B | $4.6B | $4.3B | $4.1B | $4.0B | $4.2B | $4.2B |
| Total current liabilities | — | $411M | $693M | $462M | $346M | $397M | $406M | $459M | $466M | $507M |
| Long-term debt | — | $0 | $2.1B | $2.1B | $2.6B | $2.1B | $2.1B | $2.2B | $2.4B | $2.5B |
| Total liabilities | — | $875M | $3.6B | $3.3B | $3.7B | $3.2B | $3.2B | $3.3B | $3.6B | $3.7B |
| Shareholders' equity | $1.1B | $1.3B | $1.4B | $1.2B | $963M | $1.1B | $962M | $746M | $650M | $468M |
| Net debt | -$30M | -$57M | $1.8B | $2.0B | $2.1B | $1.9B | $1.9B | $2.1B | $2.3B | $2.5B |
Cash flow
Fiscal years, from Wyndham Hotels & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $264M | $278M | $231M | $100M | $67M | $426M | $399M | $376M | $290M | $367M |
| Capital spending | $42M | $46M | $73M | $50M | $33M | $37M | $39M | $37M | $49M | $46M |
| Free cash flow | $222M | $232M | $158M | $50M | $34M | $389M | $360M | $339M | $241M | $321M |
| Stock-based compensation | $10M | $11M | $9M | $20M | $21M | $28M | $33M | $39M | $45M | $43M |
| Dividends paid | $0 | $0 | $77M | $112M | $53M | $82M | $116M | $118M | $122M | $127M |
| Share buybacks (net) | $0 | $0 | -$117M | -$242M | -$50M | -$107M | -$448M | -$393M | -$310M | -$266M |
| Net borrowing | $0 | $0 | $2.1B | -$16M | $484M | -$529M | -$4M | $133M | $296M | $93M |
| Free cash flow margin | 17.5% | 18.1% | 8.5% | 3.5% | 3.6% | 31.2% | 26.6% | 24.5% | 17.2% | 22.5% |
| Dividends per share | — | — | $0.77 | $1.16 | $0.57 | $0.87 | $1.28 | $1.39 | $1.52 | $1.65 |
Questions
What was Wyndham Hotels & Resorts's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Wyndham Hotels & Resorts generate?
$321M in fiscal 2025 (operating cash flow minus capital spending).
From Wyndham Hotels & Resorts's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.