F
Ford Motor Company
F has the edge over TNL overall, supported by stronger valuation and stronger modeled upside.
TNL
Travel + Leisure Co.
TNL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
F Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
F's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
TNL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
TNL's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
F PE Valuation
F has no meaningful PE right now: it lost money over the past year.
TNL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.1x | $30.55 | -61% |
| Forward | 9.2x | $78.24 | — |
| Fair | 9.6x | $35.89 | -54% |
| Expensive | 19x | $72.44 | -7.4% |
| Current | 21x | $78.24 | — |
Historical ranges are pointers, not guarantees.
TNL's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 9.2x next year's earnings, in its fair range.
F Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect F's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
TNL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TNL, but weaker profitability.
F Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | — |
| Q3 2026 | -$1.97 | -270% |
| Q2 2026 | -$1.87 | -340% |
| Q1 2026 | -$1.55 | -224% |
| Q4 2025 | -$2.06 | -241% |
| Q3 2025 | $1.16 | +32% |
| Q2 2025 | $0.78 | -19% |
| Q1 2025 | $1.25 | +29% |
| Q4 2024 | $1.46 | +35% |
F has swung to a loss: it lost $1.97 per share over the past year, after a profit the year before.
TNL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.52 | +127% |
| Q3 2026 | $3.75 | -38% |
| Q2 2026 | $3.69 | -36% |
| Q1 2026 | $3.59 | -40% |
| Q4 2025 | $3.44 | -41% |
| Q3 2025 | $6.06 | +3.6% |
| Q2 2025 | $5.78 | -2.9% |
| Q1 2025 | $5.97 | +11% |
| Q4 2024 | $5.82 | +10% |
TNL has the edge over F on earnings quality, reporting a profit while its opponent remains loss making.
F Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $49.5B | -2% |
| Q2 2026 | $48.3B | -3.8% |
| Q1 2026 | $43.3B | +6.4% |
| Q4 2025 | $45.9B | -4.8% |
| Q3 2025 | $50.5B | +9.4% |
| Q2 2025 | $50.2B | +5% |
| Q1 2025 | $40.7B | -5% |
| Q4 2024 | $48.2B | +4.9% |
F's revenue grew through 2023 and has held roughly level since: $49.5B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.9% | -0.1 points |
| Q2 2026 | 1.3% | +0.3 points |
| Q1 2026 | 5.4% | +4.6 points |
| Q4 2025 | -25% | -28 points |
| Q3 2025 | 3.1% | +1.2 points |
| Q2 2025 | 1% | -2.9 points |
| Q1 2025 | 0.8% | -2.1 points |
| Q4 2024 | 2.5% | +3.1 points |
F's operating margin was 2.9% last quarter, about level with the same quarter a year ago.
TNL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +5.5% |
| Q2 2026 | $1.1B | +4.4% |
| Q1 2026 | $961M | +2.9% |
| Q4 2025 | $1B | +5.6% |
| Q3 2025 | $1B | +5.1% |
| Q2 2025 | $1B | +3.4% |
| Q1 2025 | $934M | +2% |
| Q4 2024 | $971M | +3.7% |
TNL has the edge over F on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | -2.8 points |
| Q2 2026 | 20% | -0.5 points |
| Q1 2026 | 17% | -0.1 points |
| Q4 2025 | -2.2% | -24 points |
| Q3 2025 | 21% | +1.5 points |
| Q2 2025 | 20% | +1 points |
| Q1 2025 | 17% | +0.3 points |
| Q4 2024 | 21% | +0.8 points |
TNL has the edge over F on profitability, with a higher operating margin.
F Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -40% |
| Q2 2026 | $2B | -54% |
| Q1 2026 | -$1.1B | -157% |
| Q4 2025 | $1.1B | +108% |
| Q3 2025 | $5.3B | +50% |
| Q2 2025 | $4.2B | +24% |
| Q1 2025 | $1.9B | +$2.6B |
| Q4 2024 | $530M | +169% |
F has the edge over TNL on cash flow, with more consistent year-over-year improvement.
TNL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $111M | -18% |
| Q2 2026 | $195M | 0% |
| Q1 2026 | $19M | -81% |
| Q4 2025 | $92M | +23% |
| Q3 2025 | $136M | +8.8% |
| Q2 2025 | $195M | +27% |
| Q1 2025 | $100M | +233% |
| Q4 2024 | $75M | -38% |
TNL generated $417M in free cash flow over the past year, down 18% from the year before.
F Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +89M shares |
| 1 year | +0.7% | +28M shares |
| 3 years | +0.6% | +26M shares |
| 5 years | +1% | +40M shares |
| Available history | +1.8% | +72M shares |
F has 4.1B diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $311M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $150M |
F spent $311M buying back its own shares over the past year, up 107% from the year before.
TNL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -800K shares |
| 1 year | -5.3% | -3.5M shares |
| 3 years | -15% | -11M shares |
| 5 years | -28% | -24.8M shares |
| Available history | -30% | -27.2M shares |
TNL has the edge over F on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $75M |
| Q2 2026 | $88M |
| Q1 2026 | $87M |
| Q4 2025 | $90M |
| Q3 2025 | $71M |
| Q2 2025 | $70M |
| Q1 2025 | $70M |
| Q4 2024 | $72M |
TNL spent $340M buying back its own shares over the past year, up 20% from the year before.
F Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
F has the edge over TNL on leverage, with a lower net debt burden relative to earnings.
TNL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 8.6x | High |
| Q2 2026 | 7.9x | High |
| Q1 2026 | 8.1x | High |
| Q4 2025 | 7.9x | High |
| Q3 2025 | 5.9x | High |
| Q2 2025 | 6.1x | High |
| Q1 2025 | 6.4x | High |
| Q4 2024 | 6.4x | High |
TNL's net debt is about 8.6 years of its operating earnings (EBITDA), up from 5.9 years a year ago.
F Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 19.6 | Oversold |
F's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
TNL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 73.9 | Neutral |
TNL's weekly RSI is 64 (neutral) and its Stochastic is 74 (neutral).
F PE vs Consumer Cyclical Sector
| Metric | F | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
F has no meaningful PE right now: it lost money over the past year.
TNL PE vs Consumer Cyclical Sector
| Metric | TNL | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 16% above |
| PE % | 88 | 47 | 41 pts above |
TNL is trading at 21x earnings, a 16% premium to the Consumer Cyclical sector's median of 18x.
F Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.2 | 2.5% below |
| 20 week MA | $13.3 | 11% below |
| 50 week MA | $13.4 | 11% below |
| 100 week MA | $12.1 | 2% below |
| 200 week MA | $12.1 | 1.4% below |
F is in a downtrend: it's below all five of its weekly moving averages, and 1.4% below its 200-week average.
TNL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $68.0 | 15% above |
| 20 week MA | $70.5 | 11% above |
| 50 week MA | $70.9 | 10% above |
| 100 week MA | $62.8 | 25% above |
| 200 week MA | $52.5 | 49% above |
TNL has the edge over F on trend strength, trading above more of its moving averages.
F Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.36 | $8.86 | -5.3% |
| 2021 | $8.86 | $20.3 | +129% |
| 2022 | $20.3 | $11.4 | -44% |
| 2023 | $11.4 | $12.2 | +7.3% |
| 2024 | $12.2 | $10.0 | -18% |
| 2025 | $10.0 | $13.3 | +33% |
| 2026 YTD | $13.3 | $11.9 | -11% |
F's yearly returns have swung widely, from +129% in 2021 to −44% in 2022. It's down 11% so far in 2026.
TNL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.9 | $43.0 | -17% |
| 2021 | $43.0 | $53.9 | +25% |
| 2022 | $53.9 | $36.1 | -33% |
| 2023 | $36.1 | $39.1 | +8.2% |
| 2024 | $39.1 | $50.6 | +29% |
| 2025 | $50.6 | $72.5 | +44% |
| 2026 YTD | $72.5 | $78.2 | +7.9% |
TNL has the edge over F on returns for 2026, with the stronger performance.