Recent News
Nov. 18, 2025 — Tripadvisor announced CFO-led investor meetings at the UBS Global Tech & AI Conference; Nov. 14–19, 2025 filings show 13D Management opened a new ~300,000-share position; Jan. 13, 2026 — Tripadvisor published its Travelers’ Choice destinations list for 2026; Jan. 26, 2026 — the company scheduled its fourth-quarter and full-year 2025 results and conference call for Feb. 12, 2026; Jan. 15, 2026 — coverage summary published showing an average analyst recommendation of “Reduce” from the recent panel of brokers.
Technical Analysis
ADX sits at 19.53, below 20, indicating no dominant trend in price strength and an elevated probability of range-bound movement over the near term.
Directional indicators show DI+ at 17.34 with a peak-and-reversal (bearish) signal and DI− at 26.49 with a peak-and-reversal (bullish) signal; the current DI− reading exceeds DI+, implying recent downside pressure despite the directional trend reversals.
MACD registered a dip-and-reversal pattern (bullish momentum signal) while remaining slightly negative (MACD −0.36 vs signal −0.33), indicating early bullish momentum that lacks confirmation until MACD moves above the signal line.
MRO stands at 4.02 (positive), which indicates price sits modestly above the model target and implies potential mean reversion pressure on price.
RSI at 43.12 with a dip-and-reversal trend suggests momentum attempting a recovery from weaker readings but still below neutral, consistent with range-bound upside potential rather than a strong breakout.
Price trades below the 200-day average ($15.39) and near short-term averages (20-day $13.46, 50-day $14.36); the 12-day EMA trend decreases, and Ichimoku components (Tenkan $13.95, Kijun $14.02) sit above the close ($13.31), together indicating short-term resistance around the $14.00–$14.50 area and a lack of sustained bullish confirmation while averages realign.
Fundamental Analysis
Revenue totaled $553,000,000 with YoY revenue growth of −35.57% and QoQ revenue contraction of −86.22%, indicating pronounced top-line pressure versus year-ago levels. Gross margin remains very high at 92.59% and increased modestly YoY (+1.56%).
Operating margin stands at 12.75% and EBIT margin at 14.47%. The EBIT margin compares below the industry peer mean of 41.15% and below the industry peer median of 24.84% but remains well inside the industry peer range from −49.64% to 49.71%.
Net income reached $53,000,000 and EPS came in at $0.43 versus an estimate of $0.33, producing an EPS surprise ratio of 30.30% and signaling earnings beat momentum despite weaker revenue.
Earnings growth YoY ran +46.44% while QoQ earnings growth declined −81.93%; earnings growth exceeds the industry peer mean (−1.77%) and industry peer median (11.76%), showing stronger profitability progression versus peers despite quarter-to-quarter volatility.
Leverage metrics show total debt $1,257,000,000, debt-to-equity 177.79% and debt-to-EBITDA ~12.09x; debt-to-equity exceeds the industry peer high of 148.90% and therefore sits outside the industry peer range. Interest coverage equals 4.71x, above breakeven territory but lower than many peer central tendencies.
Cash and short-term investments total $1,218,000,000 and operating cash flow reached $44,000,000 with free cash flow $25,000,000 (free cash flow yield 1.31%), which ranks above the industry peer mean of 0.81% and supports the current valuation thesis.
Key efficiency: asset turnover 0.1936 (near the industry peer mean of 0.1893) and cash conversion cycle −118.49 days (well inside the industry peer low-to-high range), reflecting strong working-capital dynamics and cash generation mechanics.
Valuation context: price-to-earnings at 25.19 and price-to-sales 3.46 appear modest versus the industry peer means (P/E mean ~80.91; P/S mean ~29.28). The current valuation as determined by WMDST: under-valued, driven by cash reserves, earnings beat history, and low market multiples relative to peer averages.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-06 |
| NEXT REPORT DATE: | 2026-02-05 |
| CASH FLOW | Begin Period Cash Flow | $ 1.2 B |
| Operating Cash Flow | $ 44.0 M | |
| Capital Expenditures | $ -19.00 M | |
| Change In Working Capital | $ -57.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 6.0 M | |
| End Period Cash Flow | $ 1.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 553.0 M | |
| Forward Revenue | $ 134.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 41.0 M | |
| Depreciation | $ 23.3 M | |
| Depreciation and Amortization | $ 24.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 482.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 512.0 M | |
| EBITDA | $ 104.0 M | |
| EBIT | $ 80.0 M | |
| Operating Income | $ 70.5 M | |
| Interest Income | $ 10.0 M | |
| Interest Expense | $ 17.0 M | |
| Net Interest Income | $ -7.00 M | |
| Income Before Tax | $ 63.0 M | |
| Tax Provision | $ 10.0 M | |
| Tax Rate | 16.0 % | |
| Net Income | $ 53.0 M | |
| Net Income From Continuing Operations | $ 53.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.33 | |
| EPS Actual | $ 0.43 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 30.303 % | |
| Forward EPS | $ 0.44 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.8 B | |
| Intangible Assets | $ 877.0 M | |
| Net Tangible Assets | $ -170.00 M | |
| Total Current Assets | $ 1.5 B | |
| Cash and Short-Term Investments | $ 1.2 B | |
| Cash | $ 1.2 B | |
| Net Receivables | $ 226.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 44.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 65.0 M | |
| Short-Term Debt | $ 353.0 M | |
| Total Current Liabilities | $ 1.1 B | |
| Net Debt | — | |
| Total Debt | $ 1.3 B | |
| Total Liabilities | $ 2.1 B | |
| EQUITY | ||
| Total Equity | $ 707.0 M | |
| Retained Earnings | $ 354.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.05 | |
| Shares Outstanding | 116.803 M | |
| Revenue Per-Share | $ 4.73 | |
| VALUATION | Market Capitalization | $ 1.9 B |
| Enterprise Value | $ 2.0 B | |
| Enterprise Multiple | 18.764 | |
| Enterprise Multiple QoQ | -31.328 % | |
| Enterprise Multiple YoY | 80.32 % | |
| Enterprise Multiple IPRWA | high: 279.681 mean: 59.41 median: 55.385 TRIP: 18.764 low: -157.057 |
|
| EV/R | 3.529 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.024 | |
| Asset To Liability | 1.331 | |
| Debt To Capital | 0.64 | |
| Debt To Assets | 0.442 | |
| Debt To Assets QoQ | 0.375 % | |
| Debt To Assets YoY | 24043.716 % | |
| Debt To Assets IPRWA | high: 0.89 TRIP: 0.442 mean: 0.095 median: 0.057 low: 0.001 |
|
| Debt To Equity | 1.778 | |
| Debt To Equity QoQ | -11.667 % | |
| Debt To Equity YoY | 33445.849 % | |
| Debt To Equity IPRWA | TRIP: 1.778 high: 1.489 mean: 0.144 median: 0.064 low: -0.923 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.705 | |
| Price To Book QoQ | -27.12 % | |
| Price To Book YoY | 18.901 % | |
| Price To Book IPRWA | high: 11.238 mean: 7.742 median: 7.289 TRIP: 2.705 low: -1.614 |
|
| Price To Earnings (P/E) | 25.189 | |
| Price To Earnings QoQ | -26.377 % | |
| Price To Earnings YoY | -18.356 % | |
| Price To Earnings IPRWA | high: 247.775 mean: 80.909 median: 69.381 TRIP: 25.189 low: -128.849 |
|
| PE/G Ratio | 0.61 | |
| Price To Sales (P/S) | 3.458 | |
| Price To Sales QoQ | -21.388 % | |
| Price To Sales YoY | -14.331 % | |
| Price To Sales IPRWA | high: 54.08 mean: 29.278 median: 27.551 TRIP: 3.458 low: 0.003 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 50.227 | |
| Forward PE/G | 1.216 | |
| Forward P/S | 18.461 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.51 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.194 | |
| Asset Turnover Ratio QoQ | 2.907 % | |
| Asset Turnover Ratio YoY | 0.311 % | |
| Asset Turnover Ratio IPRWA | high: 0.5 TRIP: 0.194 mean: 0.189 median: 0.179 low: 0.003 |
|
| Receivables Turnover | 2.338 | |
| Receivables Turnover Ratio QoQ | 5.2 % | |
| Receivables Turnover Ratio YoY | -1.766 % | |
| Receivables Turnover Ratio IPRWA | high: 11.52 TRIP: 2.338 mean: 2.135 median: 1.643 low: 0.143 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 39.025 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -118.49 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 125.332 median: 15.557 mean: 3.886 TRIP: -118.49 low: -343.916 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.479 | |
| CapEx To Revenue | -0.034 | |
| CapEx To Depreciation | -0.815 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.9 B | |
| Invested Capital | $ 1.9 B | |
| Net Tangible Assets | $ -170.00 M | |
| Net Working Capital | $ 374.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.059 | |
| Current Ratio | 1.325 | |
| Current Ratio QoQ | 6.994 % | |
| Current Ratio YoY | -28.259 % | |
| Current Ratio IPRWA | high: 8.871 mean: 1.816 median: 1.611 TRIP: 1.325 low: 0.217 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 12.087 | |
| Cost Of Debt | 1.134 % | |
| Interest Coverage Ratio | 4.706 | |
| Interest Coverage Ratio QoQ | 25.0 % | |
| Interest Coverage Ratio YoY | -22.561 % | |
| Interest Coverage Ratio IPRWA | high: 197.383 mean: 82.791 median: 8.431 TRIP: 4.706 low: -113.554 |
|
| Operating Cash Flow Ratio | 0.072 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 157.515 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.767 % | |
| Revenue Growth | 4.537 % | |
| Revenue Growth QoQ | -86.216 % | |
| Revenue Growth YoY | -35.572 % | |
| Revenue Growth IPRWA | high: 25.814 % mean: 6.719 % median: 4.74 % TRIP: 4.537 % low: -28.624 % |
|
| Earnings Growth | 41.304 % | |
| Earnings Growth QoQ | -81.929 % | |
| Earnings Growth YoY | 46.442 % | |
| Earnings Growth IPRWA | high: 177.966 % TRIP: 41.304 % median: 11.765 % mean: -1.773 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 92.586 % | |
| Gross Margin QoQ | 0.571 % | |
| Gross Margin YoY | 1.559 % | |
| Gross Margin IPRWA | high: 97.596 % TRIP: 92.586 % mean: 65.052 % median: 54.61 % low: -1.845 % |
|
| EBIT Margin | 14.467 % | |
| EBIT Margin QoQ | 19.582 % | |
| EBIT Margin YoY | -2.579 % | |
| EBIT Margin IPRWA | high: 49.713 % mean: 41.147 % median: 24.838 % TRIP: 14.467 % low: -49.635 % |
|
| Return On Sales (ROS) | 12.749 % | |
| Return On Sales QoQ | 14.31 % | |
| Return On Sales YoY | -14.148 % | |
| Return On Sales IPRWA | high: 49.713 % mean: 31.418 % median: 15.318 % TRIP: 12.749 % low: -59.443 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 25.0 M | |
| Free Cash Flow Yield | 1.307 % | |
| Free Cash Flow Yield QoQ | -82.816 % | |
| Free Cash Flow Yield YoY | -144.547 % | |
| Free Cash Flow Yield IPRWA | high: 14.053 % TRIP: 1.307 % median: 0.868 % mean: 0.813 % low: -14.281 % |
|
| Free Cash Growth | -85.876 % | |
| Free Cash Growth QoQ | -175.827 % | |
| Free Cash Growth YoY | -68.772 % | |
| Free Cash Growth IPRWA | high: 483.929 % mean: 266.005 % median: 164.246 % TRIP: -85.876 % low: -537.101 % |
|
| Free Cash To Net Income | 0.472 | |
| Cash Flow Margin | 15.009 % | |
| Cash Flow To Earnings | 1.566 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.856 % | |
| Return On Assets QoQ | 45.0 % | |
| Return On Assets YoY | 31.166 % | |
| Return On Assets IPRWA | high: 8.647 % mean: 5.054 % median: 3.291 % TRIP: 1.856 % low: -11.927 % |
|
| Return On Capital Employed (ROCE) | 4.72 % | |
| Return On Equity (ROE) | 0.075 | |
| Return On Equity QoQ | 30.547 % | |
| Return On Equity YoY | 81.457 % | |
| Return On Equity IPRWA | high: 0.135 TRIP: 0.075 mean: 0.069 median: 0.035 low: -0.144 |
|
| DuPont ROE | 7.946 % | |
| Return On Invested Capital (ROIC) | 3.573 % | |
| Return On Invested Capital QoQ | 31.36 % | |
| Return On Invested Capital YoY | -163.374 % | |
| Return On Invested Capital IPRWA | high: 16.42 % mean: 7.879 % median: 3.592 % TRIP: 3.573 % low: -14.369 % |
|