Tearsheet

Tripadvisor (TRIP)

Market Price (12/4/2025): $15.05 | Market Cap: $1.7 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Tripadvisor (TRIP)

Market Price (12/4/2025): $15.05
Market Cap: $1.7 Bil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%	Weak multi-year price returns 2Y Excs Rtn is -65%, 3Y Excs Rtn is -94%	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%
1	Attractive yield FCF Yield is 14%
2	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, and Travel & Leisure Tech.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
1	Attractive yield FCF Yield is 14%
2	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, and Travel & Leisure Tech.
3	Weak multi-year price returns 2Y Excs Rtn is -65%, 3Y Excs Rtn is -94%
4	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$15.05	$14.77	$21.53	$17.98	$27.26
Market Cap CYE ($ Bil)	1.7	2.1	2.9	2.5	3.7
Total Debt ($ Bil)	1.3	0.9	0.9	0.9	1.0
Total Cash ($ Bil)	1.2	1.1	1.1	1.0	0.7
Enterprise Value ($ Bil)	1.8	3.0	3.8	3.4	4.7
Valuation Ratios
P/S TTM	1.0	1.1	1.7	1.7	4.1
P/EBIT TTM	12.7	15.4	17.7	22.7	-26.7
P/E TTM	23.6	410.6	299.3	125.9	-25.2
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8

	12/4/25	2024	2023
Share Price CYE	$15.05	$14.77	$21.53
Market Cap CYE ($ Bil)	1.7	2.1	2.9
Total Debt ($ Bil)	1.3	0.9	0.9
Total Cash ($ Bil)	1.2	1.1	1.1
Enterprise Value ($ Bil)	1.8	3.0	3.8
Valuation Ratios
P/S TTM	1.0	1.1	1.7
P/EBIT TTM	12.7	15.4	17.7
P/E TTM	23.6	410.6	299.3
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.6	8.0	7.8
P/E TTM (Sector)	10.4	11.1	10.7

	TRIP	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	1.9
Rev Chg Q	3.9%	7.1%
Rev Chg LTM	4.2%	6.1%
Rev Chg 3Y Avg	11.6%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	7.7%	18.8%
CFO/Rev LTM	18.2%	20.5%
Net Inc Mgn	4.2%	13.1%
VALUATION	LOW
P/S	1.0	3.2
P/CFO	5.4	15.8
P/FCF	7.2	20.5
P/E	23.5	23.5
STABILITY	GOOD
Debt/Equity	0.68	0.20
Cash/Assets	0.43	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Average Monthly Unique Visitors	463 million	9302019	Link
Reviews and Opinions	over 1 billion	12312023	Link
Listed Accommodations, Restaurants, Experiences, Airlines and Cruises	8.6 million	12312019	Link
Viator Experiences Bookable	400000	9082025	Link
Viator Operators	65000	9082025	Link
Annual Unique Users	294 million	12312023	Link
App Downloads	6.6 million	12312023	Link

Recent
11/06/2025	Earnings Release	Rev: $553 Mil (A) vs. $412 Mil (E) EPS: 0.65 (A) vs. $0.58 (E)
Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

TRIP Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for the movement of Tripadvisor's stock (TRIP) for the approximate time period from August 31, 2025, to December 4, 2025: 1. Tripadvisor's Q3 2025 Revenue Fell Short of Expectations. The company reported third-quarter 2025 revenue of $553 million, which missed the consensus forecast of $562.5 million. This revenue shortfall, despite beating adjusted profit expectations, likely contributed to negative market sentiment.

2. Significant Revenue Decline in the Core Brand Tripadvisor Segment. The core Brand Tripadvisor segment experienced an 8% decrease in revenue during Q3 2025, primarily due to weaker media and advertising sales. This decline in a key segment suggests underlying business challenges.

Stock Movement Drivers

Fundamental Drivers

The -11.2% change in TRIP stock from 9/3/2025 to 12/3/2025 was primarily driven by a -32.2% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	17.18	15.26	-11.18%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1870.00	1891.00	1.12%
Net Income Margin (%)	3.48%	4.18%	20.19%
P/E Multiple	33.04	22.41	-32.18%
Shares Outstanding (Mil)	125.00	116.00	7.20%
Cumulative Contribution			-11.64%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
TRIP	-11.2%
Market (SPY)	6.2%	50.9%
Sector (XLY)	3.5%	37.6%

Fundamental Drivers

The 5.7% change in TRIP stock from 6/4/2025 to 12/3/2025 was primarily driven by a 44.9% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	14.44	15.26	5.68%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1838.00	1891.00	2.88%
Net Income Margin (%)	2.88%	4.18%	44.88%
P/E Multiple	38.41	22.41	-41.66%
Shares Outstanding (Mil)	140.97	116.00	17.71%
Cumulative Contribution			2.36%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
TRIP	5.7%
Market (SPY)	15.1%	42.3%
Sector (XLY)	11.5%	34.5%

Fundamental Drivers

The 7.8% change in TRIP stock from 12/3/2024 to 12/3/2025 was primarily driven by a 110.5% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	14.15	15.26	7.84%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1814.00	1891.00	4.24%
Net Income Margin (%)	1.98%	4.18%	110.51%
P/E Multiple	54.63	22.41	-58.99%
Shares Outstanding (Mil)	139.00	116.00	16.55%
Cumulative Contribution			4.89%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
TRIP	7.8%
Market (SPY)	14.3%	59.1%
Sector (XLY)	7.4%	54.2%

Fundamental Drivers

The -24.9% change in TRIP stock from 12/4/2022 to 12/3/2025 was primarily driven by a -54.6% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	20.31	15.26	-24.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1379.00	1891.00	37.13%
P/S Multiple	2.06	0.94	-54.60%
Shares Outstanding (Mil)	140.00	116.00	17.14%
Cumulative Contribution			-27.07%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
TRIP	-15.7%
Market (SPY)	53.2%	46.9%
Sector (XLY)	42.3%	43.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
TRIP Return	-5%	-5%	-34%	20%	-31%	2%	-50%
Peers Return	10%	25%	-42%	76%	41%	8%	114%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
TRIP Win Rate	42%	33%	33%	50%	42%	30%
Peers Win Rate	56%	60%	37%	63%	60%	54%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
TRIP Max Drawdown	-52%	-16%	-37%	-21%	-40%	-28%
Peers Max Drawdown	-39%	-8%	-47%	-1%	-16%	-30%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GOOGL, BKNG, ABNB, EXPE, TZOO. See TRIP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	TRIP	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-76.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	327.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-54.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	118.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	295 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-53.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	117.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to GOOGL, BKNG, ABNB, EXPE, TZOO

In The Past

Tripadvisor's stock fell -76.6% during the 2022 Inflation Shock from a high on 3/17/2021. A -76.6% loss requires a 327.1% gain to breakeven.

Preserve Wealth

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Asset Allocation

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About Tripadvisor (TRIP)

TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as bokun.io, cruisecritic.com, flipkey.com, thefork.com, helloreco.com, holidaylettings.co.uk, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, seatguru.com, singleplatform.com, vacationhomerentals.com, and viator.com. In addition, the company provides information and services for consumers to research and book restaurants reservation in travel destinations; and vacation and short-term rental properties, including full home, condominiums, villas, beach properties, cabins, and cottages. As of December 31, 2020, it featured 1 billion reviews and opinions on 1 billion hotels and other accommodations, restaurants, experiences, airlines, and cruises. TripAdvisor, Inc. was founded in 2000 and is headquartered in Needham, Massachusetts.

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Yelp for travel
The Amazon of travel planning and reviews
Yelp meets Expedia for travel planning

AI Generated Analysis | Feedback

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User-Generated Content & Information Platform: Provides a global database of user-submitted reviews, ratings, and photos for hotels, restaurants, attractions, and flights. (Category: Information and community platform service)
Online Travel Agency (OTA) for Hotels: Facilitates price comparison and booking of hotel accommodations directly or through partner sites. (Category: Online booking service)
Experiences & Attractions Booking (Viator): Offers discovery and booking of tours, activities, and local experiences worldwide. (Category: Online booking service)
Restaurant Reservations (TheFork): Enables users to find restaurants, view menus, and make table reservations online. (Category: Online booking service)
Advertising & Business Solutions: Provides marketing tools and advertising placements for hospitality businesses to connect with travelers. (Category: Marketing and advertising service)

```

AI Generated Analysis | Feedback

Tripadvisor (symbol: TRIP) primarily sells its services to other companies rather than directly to individuals. Its business model revolves around connecting travelers with businesses in the hospitality and travel industry through advertising, referral fees, and subscription services.

Its major customers are companies that seek to reach Tripadvisor's large audience of travelers. These include:

Online Travel Agencies (OTAs): These companies are significant advertisers on Tripadvisor, paying for click-based advertising that redirects users to their booking platforms for hotels, flights, and other travel services.
- Booking Holdings Inc. (NASDAQ: BKNG)
- Expedia Group, Inc. (NASDAQ: EXPE)
Hotels, Restaurants, and Attraction Operators: This broad category includes independent businesses as well as large chains. They pay Tripadvisor for various services such as:
- Direct advertising campaigns on the platform.
- Subscription services (e.g., Business Advantage for hotels and restaurants) for enhanced profiles, analytics, and direct communication tools.
- Commission-based booking services (e.g., through Tripadvisor's subsidiaries like Viator for experiences and TheFork for restaurant reservations).

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Amazon.com, Inc. (AMZN)

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Matt Goldberg President & CEO

Matt Goldberg has over 20 years of leadership experience across sectors including travel, digital media, e-commerce, and data, where he has driven innovation and expansion. Prior to joining Tripadvisor in July 2022, he served as Executive Vice President, North America and Global Operations for The Trade Desk, a global media buying and advertising platform. He was also the CEO of Lonely Planet, a travel guide publisher. Additionally, he served as Global Head of M&A and Strategic Alliances and Head of India for News Corp, and Senior Vice President, Global Market Development and Head of Corporate Development for Qurate (formerly QVC). Matt Goldberg is also the founding director of Dataphilanthropy, a non-profit focused on applying data to address economic disparity. He previously served on the board of directors of Blue Ocean Acquisition Corp.

Michael Noonan Chief Financial Officer

Michael Noonan brings over 30 years of experience in capital markets, marketplace, and digital subscription models, as well as consumer-focused brands. Before joining Tripadvisor in October 2022, he served as the Chief Financial Officer of Noom, Inc., a consumer-focused digital health company, since October 2020. Prior to Noom, he was the Senior Vice President of Finance for Booking Holdings, Inc., where he oversaw corporate finance activities including financial planning, capital budgeting, and investor relations. His career also includes capital markets roles at RBC Capital Markets, NYSE Euronex, J.P. Morgan, and Bear Stearns & Co.

Seth Kalvert Chief Legal Officer and Secretary

Seth Kalvert is responsible for all legal activities of the Tripadvisor Group. He joined Tripadvisor as General Counsel in August 2011. Before Tripadvisor, he held various legal positions at Expedia, Inc. from 2005 to 2011, most recently as Vice President, Associate General Counsel, where he focused on mergers and acquisitions and transactional work, and managed legal support for various Expedia brands. He also held legal roles at IAC/InterActiveCorp, which he joined in July 2001, and had a business development role at a privately-held online social networking and e-commerce company. He started his legal career practicing law at Debevoise & Plimpton, LLP.

Sanjay Raman Chief Product Officer

Sanjay Raman joined Tripadvisor in January 2023 as Chief Product Officer, where he drives innovation, development, and improvements within the company's suite of products and services for travelers, diners, and partners. Prior to Tripadvisor, he held key product roles at companies such as Airbnb and Houzz. He also has experience in venture capital, having worked with and led investments in early-stage consumer marketplaces at Greylock. Raman began his product career at Google, where he led teams on Google Video and Google Apps products.

Almir Ambeskovic CEO, TheFork

Almir Ambeskovic was appointed CEO of TheFork group worldwide. He joined TheFork in 2014 as Italy Country Manager following Tripadvisor's acquisition of RestOpolis, an online restaurant reservation startup he founded and led since 2011. Prior to his CEO appointment, he served as Vice President Sales and Marketing for TheFork, responsible for business growth across its markets. Born in Sarajevo in 1977, Almir began his career as a consultant and entrepreneur in the IT sector, founding three companies. He has been an active mentor for innovation in Italy and in 2012, created and hosted the first Italian television program on startups and innovation.

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The rise of AI-powered travel planning and discovery tools: Generative AI models (e.g., Google's AI Overviews, ChatGPT with travel-specific plugins, Microsoft Copilot) are increasingly capable of synthesizing information from vast data sets, including reviews and pricing, to provide personalized travel recommendations, generate itineraries, and even facilitate direct bookings through conversational interfaces. This emerging trend threatens Tripadvisor's traditional model where users manually browse reviews, compare prices, and research destinations across its platform. As AI solutions become more sophisticated and integrated into broader search and operating systems, they could bypass the need for dedicated travel planning websites by offering a streamlined, all-in-one planning experience.
Short-form video platforms as primary sources of travel inspiration and discovery: Platforms such as TikTok, Instagram Reels, and YouTube Shorts have become dominant channels for users, particularly younger demographics, to discover travel destinations, hotels, restaurants, and activities through highly visual and immersive video content. This shift means that the initial phase of travel inspiration and destination research is increasingly happening on these social media platforms, rather than through text-based reviews or curated lists on sites like Tripadvisor. This could lead to a reduction in Tripadvisor's top-of-funnel traffic and diminish its role as the go-to source for initial travel discovery.

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Tripadvisor (TRIP) operates in several large addressable markets within the global travel and leisure industry, primarily through its online travel agency (OTA) platform, experiences and attractions booking services, restaurant reservation services, and vacation rentals.

Here are the addressable market sizes for Tripadvisor's main products and services:

Online Travel Agency (OTA) / Travel Planning and Booking Platform: Tripadvisor's core business functions as an online travel agency and travel guidance platform, offering hotel and flight booking, price comparison tools, and comprehensive travel information. The global online travel agencies market was estimated at approximately USD 612.95 billion in 2024 and is projected to reach USD 1,003.13 billion by 2030. Another estimate places the global online travel agent market at nearly USD 907.69 billion in 2024, with an expected growth to USD 1.18 trillion in 2029. The broader global online travel market, encompassing OTAs, was valued at USD 354.2 billion in 2021 and is projected to grow to USD 1,835.6 billion by 2030.
Experiences & Attractions (Tours, Activities, and Attractions): Through brands like Viator, Tripadvisor provides marketplaces for booking tours, activities, and attractions. The total global travel experience market, including tours, attractions, and activities, is estimated to be more than USD 3 trillion. Of this, destination visitors contribute approximately USD 1.1 trillion to USD 1.3 trillion annually, representing the total addressable market for travel experiences. More specifically, paid, structured tourist activities account for roughly 25% of global experience spending, totaling about USD 250 billion to USD 310 billion per year. The global tours and activities reservations market was valued at US$179 billion in 2024 and is projected to reach US$264.4 billion by 2030.
Restaurant Reservations / Dining Experiences: Tripadvisor operates TheFork, a platform specializing in online restaurant reservations. The global online restaurant reservation system market size is valued at USD 2.43 billion in 2025 and is projected to reach USD 6.71 billion by 2035. The global Restaurant Reservations Software market grew to USD 6,597.72 million in 2024 and is anticipated to reach USD 16,413.09 million by 2032.
Vacation Rentals: Tripadvisor offers booking services for various short-term rental properties, including through brands like FlipKey and Holiday Lettings. The global vacation rental market size was estimated at USD 88.26 billion in 2024 and is expected to reach USD 138.57 billion by 2032. Another report indicates that the global vacation rental market is projected to generate USD 105.71 billion in revenue in 2025, with an anticipated increase to USD 125.58 billion by 2029.

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Here are 3-5 expected drivers of future revenue growth for Tripadvisor (TRIP) over the next 2-3 years:

Continued Growth of Viator (Experiences Segment): Tripadvisor is strategically focused on its Viator platform, which has consistently demonstrated strong growth in experiences booked and revenue. The company is balancing investment and growth in Viator to increase its contribution to overall revenue and profit, positioning it as a high-growth marketplace.
Expansion and Profitability of TheFork (Dining Segment): TheFork segment has shown impressive revenue growth and improving profitability, nearly doubling its adjusted EBITDA margin in some periods. This makes it a significant contributor to Tripadvisor's financial success and a key part of its diversified portfolio.
Leveraging Artificial Intelligence (AI) for Enhanced Offerings: Tripadvisor plans to launch an AI-native Minimum Viable Product (MVP) and is actively using AI to improve the customer experience, develop new product offerings, and drive engagement and monetization across its platforms, particularly for travel planning and guidance.
Strategic Shift to an Experiences-Led Business Model: The company is undergoing a strategic realignment to become an "experiences-led" organization. This involves integrating the Viator business more closely with the core Brand Tripadvisor to streamline operations, create synergies, and emphasize the growing experiences segment over traditional hotel and media revenues, which have faced headwinds.
Expansion of Supply Catalog in Experiences: Tripadvisor is working to expand its supply catalog for experiences into secondary and tertiary markets. This initiative aims to broaden the choices available to consumers, thereby contributing to customer growth and increased bookings within the experiences category.

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Share Repurchases

Tripadvisor authorized a $250 million share repurchase program effective September 7, 2023, with a two-year term.
The company engaged in share repurchases including $24.97 million in Q4 2023, $24.98 million in Q2 2024, and a projected $476.35 million in Q2 2025.
Tripadvisor plans to effectively repurchase approximately 27 million shares, representing about 19% of its common stock, through a $435 million merger with Liberty Tripadvisor Holdings, expected to close in Q2 2025, to simplify its capital structure.

Share Issuance

As part of the merger with Liberty Tripadvisor Holdings, Tripadvisor will issue 3,037,959 shares of its common stock to Liberty's Series A preferred shareholders.
The company regularly issues stock-based compensation, contributing to ongoing share issuance.

Inbound Investments

In March 2020, private equity firm Certares made a $325 million strategic investment in preferred stock in Liberty Tripadvisor Holdings, Tripadvisor's then-controlling shareholder.
Activist investor Starboard Value holds a 9% stake in Tripadvisor, aiming to unlock value through strategic changes.

Capital Expenditures

Tripadvisor's annual capital expenditures were $40 million in 2020, $36 million in 2021, $34 million in 2022, $32 million in 2023, and $30 million in 2024.
The company's strategic realignment involves focusing resources and internal investments on its experiences business, including Viator and TheFork.

Interactive Breakdown

Tripadvisor Interactive Breakdown Analysis

Better Bets than Tripadvisor (TRIP)

	TRIP	Better Performance than TRIP
Metric	Value	INDUSTRY: Hotels, Resorts & Cruise Lines
Rev Chg LTM	4.2%	BKNG (13.0%), ABNB (10.2%), RCL (8.6%), HLT (6.7%), MAR (4.7%)
Rev Chg 3Y Avg	11.6%	CCL (45.9%), RCL (37.7%), BKNG (17.8%), ABNB (14.2%), HLT (13.1%)
Op Mgn LTM	7.7%	BKNG (34.5%), RCL (26.4%), ABNB (22.6%), HLT (22.0%), MAR (16.0%)
CFO/Rev LTM	18.2%	ABNB (38.4%), RCL (36.2%), BKNG (33.2%), CCL (21.4%), HLT (21.4%)
FCF/Rev LTM	13.7%	ABNB (38.4%), BKNG (31.9%), EXPE (20.9%), WH (20.5%), HLT (19.6%)
Total Yield	4.2%	CCL (7.2%), NCLH (6.0%), EXPE (5.8%), RCL (5.0%), MAR (4.7%)
P/S	1.0	SABR (0.2), VAC (0.5), HGV (0.7), LIND (1.0), TNL (1.0)
P/Op Inc	13.0	TNL (4.9), NCLH (7.0), CCL (8.6), WH (10.3), MTN (10.7)

	TRIP	Better Performance than TRIP
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	4.2%	MELI (36.9%), DASH (24.5%), BKNG (13.0%), AMZN (10.9%), HD (8.5%)
Rev Chg 3Y Avg	11.6%	MELI (39.5%), RCL (37.7%), DASH (27.8%), BKNG (17.8%), ABNB (14.2%)
Op Mgn LTM	7.7%	MCD (46.1%), BKNG (34.5%), HD (13.1%), AMZN (11.4%), TJX (11.2%)
CFO/Rev LTM	18.2%	MCD (39.9%), ABNB (38.4%), MELI (37.5%), BKNG (33.2%), DASH (20.0%)
FCF/Rev LTM	13.7%	ABNB (38.4%), MELI (32.9%), BKNG (31.9%), MCD (28.1%), DASH (15.8%)
Total Yield	4.2%	LOW (7.6%), HD (6.5%), MCD (6.2%), SBUX (5.1%), TJX (4.9%)
P/S	1.0	F (0.3), GM (0.3), GPC (0.8), LEN (0.9), APTV (0.9)
P/Op Inc	13.0	GM (7.1), DHI (8.0), CCL (8.6), LOW (12.0), LVS (13.0)

	TRIP	Better Performance than TRIP
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	4.2%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	11.6%	NVDA (92.0%), AVGO (24.0%), BRK-B (19.8%), META (17.3%), MSFT (13.2%)
Op Mgn LTM	7.7%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	18.2%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	13.7%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	4.2%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%)
P/S	1.0	CVS (0.2), MCK (0.2), UNH (0.7), DELL (0.8), CMCSA (0.9)
P/Op Inc	13.0	VZ (5.9), T (8.3), MRK (9.4), UNH (11.9), XOM (12.4)

		Best Bets In Consumer Discretionary Sector
	TRIP
What You Pay
P/E	23.9
P/EBIT	12.9
What You Get
Rev Chg Q	3.9%
Rev Chg LTM	4.2%
Rev Chg 3Y Avg	11.6%
FCF/Rev 3Y Avg	8.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Tripadvisor Earnings Notes
2	Why CCL May Be Better Than Tripadvisor Stock	Actionable
3	Is 20.1% Fall In Tripadvisor (TRIP) Stock A Buying Opportunity?	Actionable
4	Is 20.0% Fall In Tripadvisor (TRIP) Stock A Buying Opportunity?	Actionable
5	Can Tripadvisor Stock Recover If Markets Fall?	Return
6	Tripadvisor vs UnitedHealth: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	Tripadvisor vs Norwegian Cruise Line: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	How Does Tripadvisor Stock Stack Up Against Its Peers?	Peer Comparison
9	TRIP Dip Buy Analysis
10	Tripadvisor Total Shareholder Return (TSR): -31.4% in 2024 and -18.5% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	CCL Looks Smarter Buy Than Tripadvisor Stock		November 21st, 2025
13	Tripadvisor Stock Tumbled 20% – Opportunity or Trap?		November 21st, 2025
14	CCL Looks Smarter Buy Than Tripadvisor Stock		November 5th, 2025
15	TRIP Has Surged 30%, But Risks Loom Large		October 29th, 2025
16	CCL Looks Like a Smarter Buy Than Tripadvisor Stock: Lower Valuation, Stronger Growth		October 9th, 2025

	Title
0	DASHBOARDS
1	Tripadvisor Earnings Notes
2	Why CCL May Be Better Than Tripadvisor Stock
3	Is 20.1% Fall In Tripadvisor (TRIP) Stock A Buying Opportunity?
4	Is 20.0% Fall In Tripadvisor (TRIP) Stock A Buying Opportunity?
5	Can Tripadvisor Stock Recover If Markets Fall?
6	Tripadvisor vs UnitedHealth: Which Is A Better Investment?
7	Tripadvisor vs Norwegian Cruise Line: Which Is A Better Investment?
8	How Does Tripadvisor Stock Stack Up Against Its Peers?
9	TRIP Dip Buy Analysis
10	Tripadvisor Total Shareholder Return (TSR): -31.4% in 2024 and -18.5% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	CCL Looks Smarter Buy Than Tripadvisor Stock
13	Tripadvisor Stock Tumbled 20% – Opportunity or Trap?
14	CCL Looks Smarter Buy Than Tripadvisor Stock
15	TRIP Has Surged 30%, But Risks Loom Large
16	CCL Looks Like a Smarter Buy Than Tripadvisor Stock: Lower Valuation, Stronger Growth

Trade Ideas

Select past ideas related to TRIP. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%
TRIP_3312020_Dip_Buyer_High_CFO_Margins_ExInd_DE	03312020	TRIP	Tripadvisor	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.6%	209.3%	-10.4%
TRIP_8312019_Dip_Buyer_FCFYield	08312019	TRIP	Tripadvisor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-30.6%	-27.3%	-57.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%
TRIP_3312020_Dip_Buyer_High_CFO_Margins_ExInd_DE	03312020	TRIP	Tripadvisor	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.6%	209.3%	-10.4%
TRIP_8312019_Dip_Buyer_FCFYield	08312019	TRIP	Tripadvisor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-30.6%	-27.3%	-57.2%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Tripadvisor

Peers to compare with:

Financials

	TRIP	GOOGL	BKNG	ABNB	EXPE	TZOO	Median
Name	Tripadvi.	Alphabet	Booking	Airbnb	Expedia	Travelzoo
Mkt Price	15.26	319.63	5,047.21	120.13	262.42	7.10	191.28
Mkt Cap	1.8	3,863.0	163.4	73.4	32.5	0.1	52.9
Rev LTM	1,891	385,477	26,039	11,943	14,370	88	13,156
Op Inc LTM	145	124,077	8,981	2,705	1,977	15	2,341
FCF LTM	259	73,552	8,315	4,586	2,998	18	3,792
FCF 3Y Avg	157	68,998	8,220	4,316	2,268	10	3,292
CFO LTM	345	151,424	8,640	4,586	3,774	18	4,180
CFO 3Y Avg	229	120,990	8,586	4,328	3,056	10	3,692

Growth & Margins

	TRIP	GOOGL	BKNG	ABNB	EXPE	TZOO	Median
Name	Tripadvi.	Alphabet	Booking	Airbnb	Expedia	Travelzoo
Rev Chg LTM	4.2%	13.4%	13.0%	10.2%	7.3%	3.5%	8.7%
Rev Chg 3Y Avg	11.6%	11.0%	17.8%	14.2%	8.3%	10.4%	11.3%
Rev Chg Q	3.9%	15.9%	12.7%	9.7%	8.7%	13.1%	11.2%
QoQ Delta Rev Chg LTM	1.1%	3.8%	4.1%	3.1%	2.5%	3.3%	3.2%
Op Mgn LTM	7.7%	32.2%	34.5%	22.6%	13.8%	16.8%	19.7%
Op Mgn 3Y Avg	6.8%	29.9%	31.4%	20.4%	12.2%	17.5%	18.9%
QoQ Delta Op Mgn LTM	-0.0%	-0.5%	1.6%	0.2%	1.6%	-2.8%	0.1%
CFO/Rev LTM	18.2%	39.3%	33.2%	38.4%	26.3%	20.2%	29.7%
CFO/Rev 3Y Avg	12.5%	35.3%	37.2%	40.3%	22.6%	11.6%	29.0%
FCF/Rev LTM	13.7%	19.1%	31.9%	38.4%	20.9%	20.1%	20.5%
FCF/Rev 3Y Avg	8.6%	20.5%	35.6%	40.2%	16.7%	11.3%	18.6%

Valuation

	TRIP	GOOGL	BKNG	ABNB	EXPE	TZOO	Median
Name	Tripadvi.	Alphabet	Booking	Airbnb	Expedia	Travelzoo
Mkt Cap	1.8	3,863.0	163.4	73.4	32.5	0.1	52.9
P/S	1.0	7.6	6.7	6.2	1.8	1.6	4.0
P/EBIT	12.9	19.3	20.8	27.4	13.8	9.6	16.6
P/E	23.9	23.6	34.7	28.2	19.0	12.9	23.8
P/CFO	5.5	19.4	20.2	16.2	7.0	8.0	12.1
Total Yield	4.2%	4.6%	3.6%	3.5%	5.8%	7.7%	4.4%
Dividend Yield	0.0%	0.3%	0.7%	0.0%	0.6%	0.0%	0.2%
FCF Yield 3Y Avg	7.8%	3.3%	6.0%	5.4%	11.4%	8.2%	6.9%
D/E	0.7	0.0	0.1	0.0	0.2	0.1	0.1
Net D/E	0.0	-0.0	0.0	-0.1	0.0	-0.0	-0.0

Returns

	TRIP	GOOGL	BKNG	ABNB	EXPE	TZOO	Median
Name	Tripadvi.	Alphabet	Booking	Airbnb	Expedia	Travelzoo
1M Rtn	-0.9%	12.7%	0.3%	-5.3%	21.9%	-11.7%	-0.3%
3M Rtn	-11.2%	38.7%	-9.6%	-3.8%	23.7%	-23.7%	-6.7%
6M Rtn	5.7%	90.6%	-8.9%	-10.0%	55.1%	-46.7%	-1.6%
12M Rtn	7.8%	87.4%	-2.5%	-12.6%	44.0%	-63.6%	2.7%
3Y Rtn	-24.9%	220.4%	145.5%	18.9%	155.1%	32.2%	88.9%
1M Excs Rtn	-0.9%	12.7%	0.4%	-5.2%	21.9%	-11.7%	-0.3%
3M Excs Rtn	-20.4%	32.4%	-15.0%	-9.5%	16.1%	-30.0%	-12.3%
6M Excs Rtn	-9.0%	75.9%	-23.6%	-24.7%	40.4%	-61.4%	-16.3%
12M Excs Rtn	-7.1%	76.5%	-15.8%	-25.3%	29.7%	-78.0%	-11.4%
3Y Excs Rtn	-94.3%	162.3%	85.1%	-46.7%	92.7%	-43.7%	20.7%

Comparison Analyses

	Title
0	How Does Tripadvisor Stock Stack Up Against Its Peers?
1	TRIP Could Deliver 35% Returns And Outperform TZOO
2	With 35% Gains On The Table, TRIP May Outshine GOOG
3	TRIP or BKNG - With 41% Return Forecast, BKNG Probably Deserves Your Money
4	With 35% Gains On The Table, TRIP May Outshine EXPE
5	Tripadvisor vs. Choice Hotels: With Return Forecast Of 31%, Tripadvisor Is A Better Bet
6	Tripadvisor vs. ABIOMED: With Return Forecast Of 76%, ABIOMED Is A Better Bet
7	Tripadvisor vs. Insulet: With Return Forecast Of 71%, Insulet Is A Better Bet
8	Tripadvisor vs. Maximus: With Return Forecast Of 39%, Tripadvisor Is A Better Bet
9	Tripadvisor vs. Pegasystems: With Return Forecast Of 39%, Tripadvisor Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	2/20/2025	2/16/2024	2/17/2023	2/18/2022	2/19/2021	2/19/2020
Key Financials
Total Revenue	1,891	1,835	1,788	1,492	902	604	1,560
EBITDA	236	218	256	208	-29	-209	327
Operating Income	145	113	148	101	-131	-285	188
Net Income	79	5	10	20	-148	-289	126
EPS	0.68	0.04	0.07	0.14	-1.08	-2.14	0.91
Growth Rates
Total Revenue Growth	4.2%	2.6%	19.8%	65.4%	49.3%	-61.3%	-3.4%
EBITDA Growth	-7.0%	-14.8%	23.1%	817.2%	86.1%	-163.9%	8.6%
Operating Income Growth	13.8%	-23.6%	46.5%	177.1%	54.0%	-251.6%	2.7%
Net Income Growth	119.4%	-50.0%	-50.0%	113.5%	48.8%	-329.4%	11.5%
Margins
EBITDA Margin	12.5%	11.9%	14.3%	13.9%	-3.2%	-34.6%	21.0%
Operating Income Margin	7.7%	6.2%	8.3%	6.8%	-14.5%	-47.2%	12.1%
Net Income Margin	4.2%	0.3%	0.6%	1.3%	-16.4%	-47.8%	8.1%
Cash & Debt
Total Cash	1,218	1,064	1,067	1,021	723	418	319
Total Debt	1,257	903	912	929	953	634	167
Net Debt / (Cash)	39	-161	-155	-92	230	216	-152
Cash Flows
Net Cash from Operations	345	144	235	400	108	-194	424
Free Cash from Operations	259	70	172	344	54	-249	341
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	488
Share Repurchases	-0	25	100	-0	-0	115	60

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/7/2025	5/7/2025	2/20/2025	11/6/2024	8/6/2024	5/8/2024	2/16/2024	11/6/2023	8/2/2023	5/3/2023	2/17/2023
Key Financials Quarterly
Total Revenue	553	529	398	411	532	497	395	390	533	494	371	354
Ebitda	104	87	13	32	100	70	17	67	96	76	17	19
Operating Income	70	59	-5	20	69	36	-14	36	82	44	-14	-12
Net Income	53	36	-11	1	39	24	-59	32	27	24	-73	-2
EPS	0.46	0.29	-0.08	0.01	0.28	0.17	-0.43	0.23	0.20	0.17	-0.52	-0.02
Key Financials TTM
Total Revenue TTM	1,891	1,870	1,838	1,835	1,814	1,815	1,812	1,788	1,752	1,678	1,601	1,492
Ebitda TTM	236	232	215	219	254	250	256	256	208	208	221	208
Operating Income TTM	145	143	120	112	127	140	148	148	100	88	107	101
Net Income TTM	79	65	53	5	36	24	24	10	-24	-26	-19	20
Growth Rates Quarterly
Total Revenue Growth	3.9%	6.4%	0.8%	5.4%	-0.2%	0.6%	6.5%	10.2%	16.1%	18.5%	41.6%	46.9%
EBITDA Growth	3.9%	24.3%	-21.8%	-52.2%	4.3%	-7.9%	0.0%	252.6%	0.0%	-14.6%	325.0%	290.0%
Operating Income Growth	2.3%	63.9%	61.3%	-43.1%	-16.0%	-18.2%	2.1%	400.0%	17.1%	-30.2%	30.0%	57.1%
Net Income Growth	35.9%	50.0%	81.4%	-96.9%	44.4%	0.0%	19.2%	1700.0%	8.0%	-22.6%	-114.7%	93.1%
Margins Quarterly
EBITDA Margin	18.8%	16.4%	3.3%	7.8%	18.8%	14.1%	4.3%	17.2%	18.0%	15.4%	4.6%	5.4%
Operating Income Margin	12.7%	11.2%	-1.3%	5.0%	13.0%	7.2%	-3.5%	9.2%	15.4%	8.9%	-3.8%	-3.4%
Net Income Margin	9.6%	6.8%	-2.8%	0.2%	7.3%	4.8%	-14.9%	8.2%	5.1%	4.9%	-19.7%	-0.6%
Cash & Debt
Total Cash	1,218	1,212	1,154	1,064	1,112	1,176	1,171	1,067	1,124	1,141	1,132	1,021
Total Debt	1,257	1,262	1,268	903	909	914	917	912	917	922	925	929
Net Debt / (Cash)	39	50	114	-161	-203	-262	-254	-155	-207	-219	-207	-92
Cash Flows Quarterly
FCF from Operations	44	202	102	-3	-43	51	139	-19	14	105	135	-40
Cash Flows TTM
FCF from Operations TTM	345	258	107	144	128	185	239	235	214	260	449	400
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	25	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	67.4%	53.8%	-10.2%	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	36.5%	30.1%	67.3%	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Brand Tripadvisor	1,031	966	665
Viator	737	493	184
TheFork	154	126	85
Corporate & Eliminations	-134	-93	-32
Experiences & Dining				186	456
Hotels, Media & Platform				361	939
Other				57	165
Total	1,788	1,492	902	604	1,560

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Brand Tripadvisor	348	345	177
Corporate & Eliminations	0	0
Viator	0	-11	-31
Transaction related expenses	-3	-8
TheFork	-14	-39	-46
Restructuring and other related reorganization costs	-22			-41	-1
Depreciation and amortization	-87	-97	-111	-125	-126
Stock-based compensation	-96	-88	-120	-109	-124
Legal reserves, settlements and other		-1
Experiences & Dining				-79	5
Hotels, Media & Platform				13	378
Impairment of goodwill				-3
Other				15	55
Total	126	101	-131	-329	187

Price Behavior

Price Behavior

Market Price	$15.26
Market Cap ($ Bil)	1.8
First Trading Date	12/07/2011
Distance from 52W High	-20.3%
	50 Days	200 Days
DMA Price	$15.60	$15.32
DMA Trend	down	down
Distance from DMA	-2.2%	-0.4%
	3M	1YR
Volatility	50.3%	56.6%
Downside Capture	238.76	180.78
Upside Capture	117.47	165.24
Correlation (SPY)	50.9%	59.0%

TRIP Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.59	2.01	2.24	2.05	1.69	1.53
Up Beta	1.36	2.79	3.00	2.79	1.68	1.54
Down Beta	5.63	2.55	2.08	2.38	1.86	1.64
Up Capture	172%	109%	135%	152%	203%	203%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	10	20	29	57	121	380
Down Capture	277%	185%	244%	179%	132%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	21	32	64	121	361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of TRIP With Other Asset Classes (Last 1Y)
	TRIP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	8.2%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	56.3%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.34	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		54.2%	59.0%	2.3%	17.3%	43.6%	23.6%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of TRIP With Other Asset Classes (Last 5Y)
	TRIP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-11.1%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	53.0%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.02	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		47.2%	46.1%	0.4%	12.8%	34.1%	21.5%

Based On 10-Year Data

		Comparison of TRIP With Other Asset Classes (Last 10Y)
	TRIP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-14.6%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	51.8%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.10	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		47.4%	45.1%	-2.4%	18.3%	35.4%	13.9%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	23,886,437
Short Interest: % Change Since 10312025	-2.6%
Average Daily Volume	3,428,430
Days-to-Cover Short Interest	6.97
Basic Shares Quantity	116,000,000
Short % of Basic Shares	20.6%

Returns Analyses

	Title
0	Can Tripadvisor Stock Recover If Markets Fall?
1	Tripadvisor Stock Return Comparison
2	[10/2/2021] Tripadvisor (TRIP) Stock Price Forecast: AI Forecasts TRIP Stock Price To Be Around $37.5 In A Month (Up 1.2%)
3	Tripadvisor Total Shareholder Return (TSR): -34.0% in 2022 and -16.0% 3-yr returns (below peer average)
4	Tripadvisor (TRIP) Stock Return: AI Predicts TRIP Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2202025	10-K 12/31/2024
9302024	11062024	10-Q 9/30/2024
6302024	8062024	10-Q 6/30/2024
3312024	5082024	10-Q 3/31/2024
12312023	2162024	10-K 12/31/2023
9302023	11062023	10-Q 9/30/2023
6302023	8022023	10-Q 6/30/2023
3312023	5032023	10-Q 3/31/2023
12312022	2172023	10-K 12/31/2022
9302022	11072022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Tripadvisor (TRIP)

Market Price (12/4/2025): $15.05 | Market Cap: $1.7 BilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Tripadvisor (TRIP)

Market Price (12/4/2025): $15.05Market Cap: $1.7 BilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines

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TRIP Stock

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Market Price (12/4/2025): $15.05 | Market Cap: $1.7 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Market Price (12/4/2025): $15.05
Market Cap: $1.7 Bil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines