WH
Wyndham Hotels & Resorts, Inc.
WH's fundamentals are mixed, but it looks expensive: trading at 29x earnings, above its usual 24x. Analysts expect earnings growth.
WH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
WH's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
WH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $78.93 | — |
| Cheap | 19x | $51.65 | -35% |
| Fair | 24x | $64.08 | -19% |
| Current | 29x | $78.93 | — |
| Expensive | 33x | $90.42 | +15% |
Historical ranges are pointers, not guarantees.
WH's PE is in its expensive range at 29x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.
WH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WH, with profitability improving.
WH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.11 | +88% |
| Q3 2026 | $2.72 | -37% |
| Q2 2026 | $2.75 | -35% |
| Q1 2026 | $2.52 | -40% |
| Q4 2025 | $2.50 | -31% |
| Q3 2025 | $4.33 | +37% |
| Q2 2025 | $4.26 | +38% |
| Q1 2025 | $4.20 | +48% |
| Q4 2024 | $3.61 | +5.9% |
WH's earnings per share have fallen from their peak: $2.72 over the past year, against $4.33 in late 2025.
WH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $410M | +7.3% |
| Q2 2026 | $375M | -5.5% |
| Q1 2026 | $327M | +3.5% |
| Q4 2025 | $334M | -0.9% |
| Q3 2025 | $382M | -3.5% |
| Q2 2025 | $397M | +8.2% |
| Q1 2025 | $316M | +3.6% |
| Q4 2024 | $337M | +9.4% |
WH's revenue is recovering but still below its 2019 peak: $410M last quarter, up 7.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 42% | -4.6 points |
| Q2 2026 | 46% | +8.6 points |
| Q1 2026 | 35% | -0.6 points |
| Q4 2025 | -11% | -49 points |
| Q3 2025 | 47% | +3.4 points |
| Q2 2025 | 38% | -1.7 points |
| Q1 2025 | 35% | +19 points |
| Q4 2024 | 38% | +4.5 points |
WH's operating margin was 42% last quarter, down 4.6 points from the same quarter a year ago.
WH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $82M | +9.3% |
| Q2 2026 | $77M | +33% |
| Q1 2026 | $35M | -33% |
| Q4 2025 | $136M | +25% |
| Q3 2025 | $75M | +5.6% |
| Q2 2025 | $58M | +$64M |
| Q1 2025 | $52M | -22% |
| Q4 2024 | $109M | -4.4% |
WH generated $330M in free cash flow over the past year, up 12% from the year before.
WH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -900K shares |
| 1 year | -3.4% | -2.6M shares |
| 3 years | -12% | -10.2M shares |
| 5 years | -21% | -19.8M shares |
| Available history | -22% | -20.7M shares |
WH has 74M diluted shares, down 3.4% from a year ago, with $239M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $89M |
| Q2 2026 | $56M |
| Q1 2026 | $51M |
| Q4 2025 | $43M |
| Q3 2025 | $70M |
| Q2 2025 | $79M |
| Q1 2025 | $74M |
| Q4 2024 | $27M |
WH spent $239M buying back its own shares over the past year, down 4.4% from the year before.
WH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.5x | High |
| Q2 2026 | 5.3x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 5.4x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 4.0x | High |
| Q1 2025 | 4.0x | Elevated |
| Q4 2024 | 4.2x | High |
WH's net debt is about 5.5 years of its operating earnings (EBITDA), up from 4.0 years a year ago.
WH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.1 | Neutral |
| Stochastic | 72.0 | Neutral |
WH's weekly RSI is 55 (neutral) and its Stochastic is 72 (neutral).
WH PE vs Consumer Cyclical Sector
| Metric | WH | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 18x | 61% above |
| PE % | 70 | 47 | 23 pts above |
WH is trading at 29x earnings, a 61% premium to the Consumer Cyclical sector's median of 18x.
WH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $74.4 | 6.1% above |
| 20 week MA | $74.4 | 6.1% above |
| 50 week MA | $77.7 | 1.6% above |
| 100 week MA | $82.9 | 4.8% below |
| 200 week MA | $79.5 | 0.7% below |
WH has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 0.7% below its 200-week average.
WH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $63.2 | $56.3 | -11% |
| 2021 | $56.3 | $88.3 | +57% |
| 2022 | $88.3 | $70.2 | -21% |
| 2023 | $70.2 | $80.4 | +15% |
| 2024 | $80.4 | $101.7 | +26% |
| 2025 | $101.7 | $76.7 | -25% |
| 2026 YTD | $76.7 | $78.9 | +3% |
WH has finished lower in three of the last six years. It's up 3% so far in 2026.