Wyndham Hotels & Resorts, Inc. key statistics and ratios

In fiscal 2025, Wyndham Hotels & Resorts, Inc. had return on equity of 34.5%, an operating margin of 28.1%, debt equal to 547.0% of equity and a current ratio of 0.86. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Wyndham Hotels & Resorts, Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Operating margin	23.2%	19.5%	15.1%	15.0%	−3.5%	28.5%	37.2%	36.0%	35.2%	28.1%	29.3%
Net margin	13.9%	18.0%	8.7%	7.6%	−10.2%	15.6%	23.7%	20.7%	20.5%	13.5%	14.0%
Free-cash-flow margin	17.5%	18.1%	8.5%	2.4%	2.6%	24.9%	24.0%	24.3%	17.1%	22.5%	22.8%
Return on equity	16.2%	19.6%	12.1%	11.9%	−12.1%	23.8%	34.6%	33.8%	41.4%	34.5%	42.8%
Return on assets	8.8%	11.1%	4.6%	3.3%	−2.9%	5.5%	8.5%	7.1%	7.0%	4.6%	4.7%
Asset turnover	0.64	0.62	0.53	0.43	0.28	0.35	0.36	0.34	0.34	0.34	0.34
Current ratio	—	0.81	1.23	1.08	2.60	1.81	1.34	0.81	1.00	0.86	1.01
Debt to equity	0.0%	14.6%	151.0%	175.1%	269.7%	191.4%	215.9%	295.0%	378.9%	547.0%	574.1%
Interest cover (operating income ÷ interest)	—	41.5x	4.7x	3.1x	n/m	4.8x	7.0x	4.9x	4.0x	2.9x	3.0x
Effective tax rate	40.1%	5.3%	27.4%	24.2%	—	27.2%	25.4%	27.4%	21.5%	26.6%	28.1%
Capital spending as % of revenue	3.3%	3.6%	3.9%	2.4%	2.5%	2.4%	2.6%	2.6%	3.5%	3.2%	3.3%
Free cash flow ÷ net income	126.1%	100.9%	97.5%	31.8%	—	159.4%	101.4%	117.3%	83.4%	166.3%	163.4%
Dividends ÷ net income	0.0%	0.0%	47.5%	71.3%	—	33.6%	32.7%	40.8%	42.2%	65.8%	63.9%
Dividends and buybacks ÷ free cash flow	0.0%	0.0%	122.8%	708.0%	302.9%	48.6%	156.7%	150.7%	179.3%	122.4%	111.5%

US$ thousands unless shown otherwise. Fiscal quarters.

Wyndham Hotels & Resorts, Inc.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	37.8%	35.4%	37.8%	46.6%	−10.8%	34.9%	46.4%	42.0%
Net margin	24.9%	19.3%	21.9%	27.5%	−18.0%	18.7%	27.2%	24.1%
Free-cash-flow margin	32.0%	16.5%	14.6%	19.6%	40.7%	10.7%	20.5%	20.0%
Current ratio	1.00	0.96	1.03	1.16	0.86	0.98	0.99	1.01
Debt to equity	372.3%	428.8%	444.2%	442.9%	537.4%	587.7%	552.5%	569.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 7 checks passed · September 30, 2026

What it owns · $4.4bn

Short-term assets $504mLonger-term assets $3.9bn

What it owes, and who funded it · $4.4bn

Short-term liabilities $498mLonger-term liabilities $3.4bnShareholders' equity $475m

Short-term assets cover short-term liabilities $504m of assets due within a year against $498m of liabilities due within a year.
Short-term assets cover long-term liabilities $504m short-term assets against $3.4bn of longer-dated liabilities.
More cash than debt $71m of cash against $2.7bn of debt.
Debt below 40% of shareholders' equity Debt is 569% of equity.
Debt burden no higher than five years ago Debt to equity moved from 178% to 569% over five years.
A year's operating cash flow covers at least 20% of debt $378m of operating cash flow against $2.7bn of debt.
Operating profit covers interest at least five times over Operating income of $424m against $143m of interest.

From Wyndham Hotels & Resorts, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

69 /100

Moderate moat

How hard Wyndham Hotels & Resorts's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 5 / 20

Net income has been a median 4.6% of total assets over 9 years.
Durability 11 / 20

Operating margin has been a median 29.3%; its worst year was 2.4%.
Cash conversion 19 / 20

Free cash flow was positive in 9 of 9 years, at a median 18.7% of revenue.
Discipline 20 / 20

The diluted share count fell 19.8% over five years; stock-based pay has been a median 2.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Wyndham Hotels & Resorts, Inc.'s SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Wyndham Hotels & Resorts, Inc.