Forensic Analysis · Hotels & Casinos · as of Nov 9, 2026
Wyndham Hotels & Resorts, Inc. (WH)
A forensic read on Wyndham Hotels & Resorts, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
1.0
Distress distance
Clean
Earnings quality
2
Forensic signals
34.5%
ROE
1.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Wyndham Hotels & Resorts, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 1.0, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by shareholder returns.
What the filings flag
122% of FCF
FY2025
Shareholder returns.Returned $393M to shareholders (buybacks + dividends) in FY2025 — 122% of free cash flow. That is $72M (22%) more than free cash flow covered, and more than operating cash flow as well. The balance sheet covered it: cash fell $39M and total debt rose $97M over FY2025. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $43M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 136%.
8.0%
FY2025
Return on invested capital.Return on invested capital is 8.0% in the latest fiscal year and slipping across FY2023–FY2025 from 10.3%. After-tax operating profit was $365M in FY2023 and $295M in FY2025, with operating income at 36.0% of revenue in FY2023, 35.2% in FY2024 and 28.1% in FY2025. The capital base behind it went from $3.5B in FY2023 to $3.7B in FY2025 (+4%), while the revenue it carried went from $1.4B to $1.4B. FY2025's operating profit carried a $86M asset write-down and a $18M restructuring charge that alone took about 2.1 points off that year's return, so about 2.1 of the 2.3-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. A non-cash write-down lowers the reported return in the year it lands.
Key fundamentals
Latest Revenue$1.43B
Revenue Growth YoY+1.5%
Revenue CAGR (2yr)+1.1%
Net Margin13.5%
Free Cash Flow$321.0M
Return on Equity34.5%
Debt / Equity5.47x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Wyndham Hotels & Resorts, Inc.'s actual 10-K/10-Q/8-K filings?