Expedia Group Inc

Expedia Group maintains a capital structure with a debt-to-equity ratio of 4.8, indicating a high reliance on debt financing relative to equity [doc:EXPE_O_ValuationSnapshot]. The company holds $5.41 billion in cash and equivalents but also carries $6.16 billion in long-term debt, resulting in a net cash position of -$747 million [doc:EXPE_O_FinancialSnapshot]. Free cash flow of $1.22 billion in the latest period suggests strong operating cash generation, though capital expenditures of -$770 million indicate a net reduction in capital assets [doc:EXPE_O_FinancialSnapshot]. Profitability metrics show a return on equity (ROE) of 100.78% and a return on assets (ROA) of 5.29%, both exceeding the typical thresholds for the Leisure & Recreation industry [doc:EXPE_O_ValuationSnapshot]. However, operating income of $1.87 billion and net income of $1.29 billion represent a 13.4% and 8.8% margin on $14.73 billion in revenue, respectively, which may be below the industry median for high-margin travel services [doc:EXPE_O_FinancialSnapshot]. The company's revenue is distributed across three segments: B2C, B2B, and trivago. The B2C segment includes major brands like Expedia.com, Vrbo, and Orbitz, while the B2B segment serves travel and non-travel companies through technology solutions [doc:EXPE_O_Description]. The trivago segment generates advertising revenue through hotel metasearch [doc:EXPE_O_Description]. No specific revenue concentration by segment or geography is disclosed, but the global nature of its brands suggests broad geographic exposure [doc:EXPE_O_Description]. Outlook data indicates a positive revenue trajectory, with the current fiscal year (FY) expected to show growth and the next FY projected to maintain or accelerate this trend [doc:EXPE_O_Outlook]. Analysts have assigned a mean price target of $284.64, with a median of $276.50, reflecting a generally positive sentiment despite a "Hold" recommendation from 21 out of 37 analysts [doc:EXPE_O_IRObservations]. Risk factors include a medium liquidity risk due to the company's net cash position being negative after subtracting total debt [doc:EXPE_O_RiskAssessment]. Dilution risk is assessed as low, with no significant dilution potential in the basic shares outstanding [doc:EXPE_O_RiskAssessment]. The company has not disclosed any recent events in filings or transcripts that would materially affect its operations or financial position [doc:EXPE_O_FinancialSnapshot]. Recent investor relations data shows a mean recommendation of 2.42, indicating a "Buy" to "Hold" consensus among analysts [doc:EXPE_O_IRObservations]. The high price target of $387.00 and low of $225.00 suggest a wide range of expectations, with 7 strong-buy and 9 buy ratings [doc:EXPE_O_IRObservations].