TZOONasdaqServices-AdvertisingFiscal year ends December 31
TRAVELZOO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$4.99−0.04 (-0.80%)
Close on Oct 19, 2026
- Market cap
- $51.49M
- P/E (TTM)
- 166.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
80.3%−0.0 pts over 5 years
Operating margin
7.5%+33.8 pts over 5 years
Net margin
5.1%+30.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.3% | +9.1% | +11.3% | -3.0% | |
| Gross profit | +0.3% | +6.7% | +11.3% | -3.6% | |
| Operating income | -62.7% | -3.0% | – | +6.1% | |
| Net income | -65.4% | -10.9% | – | -8.0% | |
| EPS, diluted | -61.3% | -8.2% | – | -5.7% | |
| Free cash flow | -73.3% | – | -34.6% | +6.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 33.6% | -210.5% | -117.8% | |
| Return on assets | 10.9% | -17.1% | 9.4% | |
| Current ratio | 1.49 | 0.85 | 0.68 | |
| Debt to equity | – | 0.43 | – | |
| Net debt to EBITDA | – | 5.41× | – | |
| Capex to revenue | 0.8% | 0.5% | 0.1% | |
| Diluted shares | 14M | 11M | 11M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Travelzoo generated $68.64M from operations and spent $56.79M on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$68.64M
Used
$56.79M
Capital expenditure$988.00K2%Dividends$00%Share buybacks$55.80M98%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.1%
×Asset turnover1.84×
×Equity multiplier-12.52×
=Return on equity, FY2025-117.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.1% | 1.84× | -12.52× | -117.8% |
| FY2024 | 16.2% | 1.52× | 29.57× | 728.5% |
| FY2023 | 14.6% | 1.38× | 14.53× | 293.0% |
| FY2022 | 9.4% | 0.85× | 6958.38× | 55283.3% |
| FY2021 | 1.5% | 0.62× | -86.34× | -77.8% |
| FY2020 | -25.0% | 0.68× | 12.31× | -210.5% |
| FY2019 | 4.0% | 2.14× | 3.93× | 33.3% |
| FY2018 | 4.2% | 2.50× | 3.28× | 34.4% |
| FY2017 | 3.3% | 2.15× | 3.19× | 22.7% |
| FY2016 | 5.8% | 1.87× | 3.10× | 33.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$4.70M
- Cash generatingOperating cash flow above zero$5.66M
- Return on assets improvedROA up on the prior year24.5% → 8.6%
- Earnings backed by cashOperating cash flow above net income$5.66M vs $4.70M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.87 → 0.68
- No dilutionShare count did not rise13M → 11M
- Gross margin improvedGross margin up on the prior year87.52% → 80.29%
- More efficientAsset turnover rose1.51 → 1.68