Is the business good?
How good a business is WH?
Wyndham Hotels & Resorts, Inc. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 2.0 points above what the capital costs: growth creates value
- Operating margin
- 30%
Operating margin · Lodging median 24% · 12 months to Q2 2026
- Cash conversion
- 1.55×
Cash conversion · 0.90× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −2.8%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −4.8% |
| FY2021 | 36% |
| FY2022 | 41% |
| FY2023 | 36% |
| FY2024 | 35% |
| FY2025 | 28% |
Details›
- Operating margin12 months to Q2 2026
- 30%
- Net margin12 months to Q2 2026
- 15%
- Free cash flow margin
- 23%
- Revenue, trailing twelve months
- $1.42B
- Free cash flow, trailing twelve months
- $323M
- Net income, trailing twelve months
- $208M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.