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Travel & Leisure vs Bally's: TNL and BALY compared
Travel & Leisure is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $792M for Bally's (Q2 2026). Bally's is growing faster (+20% against +6% a year earlier). Travel & Leisure is more profitable, with an operating margin of 17.7% against -4.3%.
Where the money goes: TNL and BALY
Travel & Leisure (TNL) · Q3 2026
Travel & Leisure, Q3 2026: revenue $1.1B (+6% year over year), operating margin 17.7%, net earnings $108M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
Bally's (BALY) · Q2 2026
Bally's, Q2 2026: revenue $792M (+20% year over year), operating margin -4.3%, net loss $164M, operating cash flow −$121M. The chart follows the revenue to costs, profit and cash.
| Travel & Leisure (TNL) | Bally's (BALY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $792M |
| Revenue growth, Y/Y | +6% | +20% |
| Operating margin | 17.7% | -4.3% |
| Net earnings | $108M | −$164M |
| Net margin | 9.8% | -20.7% |
| Operating cash flow | $130M | −$121M |
| Free cash flow | $111M | — |
| Market value | $4.7B | $750M |
| P/E | 20.1× | — |
| Analysts’ mean target | $87.23 | $9.67 |
Where the revenue comes from
Travel & Leisure
- Vacation ownership interest sales: $545M (50%)
- Service and membership fees: $408M (37%)
- Consumer financing: $118M (11%)
- Other: $30.0M (3%)
Bally's
- Gaming: $608M (77%)
- Non-gaming: $184M (23%)
Questions
Which is bigger, Travel & Leisure or Bally's?
Travel & Leisure is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $792M for Bally's (Q2 2026).
Is Travel & Leisure or Bally's growing faster?
Bally's is growing faster (+20% against +6% a year earlier).
Which is more profitable, Travel & Leisure or Bally's?
Travel & Leisure is more profitable, with an operating margin of 17.7% against -4.3%.
More: Travel & Leisure earnings · how Travel & Leisure makes money · Bally's earnings · how Bally's makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.