Choice Hotels vs Travel + Leisure
Travel + Leisure reported revenue of $4.0 billion in fiscal 2025, 2.5 times Choice Hotels' $1.6 billion in fiscal 2025. Choice Hotels' revenue grew 0.8% in its latest year, and Travel + Leisure's grew 4.1%. Choice Hotels had an operating margin of 28.1%, against 13.8% at Travel + Leisure. Free cash flow was $164 million at Choice Hotels and $523 million at Travel + Leisure.
Side by side
| Choice Hotels | Travel + Leisure | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.6B | $4.0B |
| Revenue growth | 0.8% | 4.1% |
| Revenue growth a year, last 5 years | 15.6% | 13.2% |
| Gross margin | — | — |
| Operating margin | 28.1% | 13.8% |
| Net margin | 23.2% | 5.7% |
| Free cash flow | $164M | $523M |
| Free cash flow margin | 10.2% | 13.0% |
| Return on capital | 19.5% | 8.5% |
| Net debt to EBITDA | 3.7x | 7.9x |
| Dividends and buybacks | $192M | $450M |
| Change in diluted share count | −3.1% | −5.4% |
| Last close | $108.95 | $65.62 |
| P/E at the last close | 15.4× | 17.7× |
| Insider trades, last 12 months | sold $4.8 million | bought $65,670, sold $37.0 million |
| Piotroski F-score | 6 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Choice HotelsTravel + Leisure
Operating margin
Percent of revenue
Choice HotelsTravel + Leisure
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Choice HotelsTravel + Leisure
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Choice Hotels and Travel + Leisure pages.