InterContinental Hotels Group PLC(IHG)Earnings, Financials & Key Ratios

IHG•NYSE

35.1× P/E·Price updated Jun 19, 2026

SectorConsumer Cyclical IndustryHotels & Lodging Sub-IndustryHotel franchisors and brand managers

AboutInterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza. It also provides IHG Rewards loyalty program. As of December 31, 2021, the company operated 5,991 hotels and 880,327 rooms in approximately 100 countries. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Denham, the United Kingdom.Show more

Revenue$5.19B+5.4%
EBITDA$1.34B+13.3%
Net Income$758M+20.7%
EPS (Diluted)4.87+26.5%
Gross Margin31.95%+8.1%
EBITDA Margin25.9%+7.5%
Operating Margin23.09%+9.2%
Net Margin14.61%+14.5%

IHG Key Insights

InterContinental Hotels Group PLC (IHG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 16.8% free cash flow margin
✓Momentum leader: RS Rating 82 (top 18%)
✓Strong 5Y sales CAGR of 16.7%
✓Share count reduced 4.5% through buybacks
✓Healthy 5Y average net margin of 13.3%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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IHG Price & Volume

InterContinental Hotels Group PLC (IHG) stock price & volume — 10-year historical chart

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IHG Growth Metrics

InterContinental Hotels Group PLC (IHG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.15%

5 Years16.73%

3 Years10.06%

TTM40.08%

Profit CAGR

10 Years-4.66%

5 Years-

3 Years26.44%

TTM23.56%

EPS CAGR

10 Years-3.24%

5 Years-

3 Years33.65%

TTM35.4%

Return on Capital

10 Years28.78%

5 Years31.12%

3 Years39.34%

Last Year39.51%

IHG Recent Earnings

InterContinental Hotels Group PLC (IHG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 11/12 qtrs (92%)

Q1 2026Latest

Feb 17, 2026

Metric

Actual

Est

EPS

$2.59+0.8%

$2.57

Rev

$2.7B-4.9%

$2.8B

Q3 2025

Aug 4, 2025

Metric

Actual

Est

EPS

$3.00+24.0%

$2.42

Rev

$2.5B+116.2%

$1.2B

Q1 2025

Feb 18, 2025

Metric

Actual

Est

EPS

$1.74-24.0%

$2.29

Rev

$2.6B+114.0%

$1.2B

Q4 2024

Oct 22, 2024

Metric

Actual

Est

EPS

$2.10+6.1%

$1.98

Rev

$2.3B+110.0%

$1.1B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 17, 2026	$2.59vs $2.57+0.8%	$2.7Bvs $2.8B-4.9%
Q3 2025	Aug 4, 2025	$3.00vs $2.42+24.0%	$2.5Bvs $1.2B+116.2%
Q1 2025	Feb 18, 2025	$1.74vs $2.29-24.0%	$2.6Bvs $1.2B+114.0%
Q4 2024	Oct 22, 2024	$2.10vs $1.98+6.1%	$2.3Bvs $1.1B+110.0%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
MARMarriott International, Inc.Direct Competitor	104.47B	396.20	41.75	4.33%	9.72%
HLTHilton Worldwide Holdings Inc.Direct Competitor	79.41B	348.84	57	7.74%	12.56%
HHyatt Hotels CorporationDirect Competitor	19.3B	202.09	-374.24	116.96%	-0.55%	-0.91%	1.31
WHWyndham Hotels & Resorts, Inc.Direct Competitor	6.33B	84.20	34.09	1.49%	13.4%	37.33%	6.53
CHHChoice Hotels International, Inc.Direct Competitor	5.26B	115.00	14.56	0.75%	21.55%	312.73%	11.76
RHPRyman Hospitality Properties, Inc.Product Competitor	7.9B	125.15	33.20	10.15%	9.93%	23.77%	3.54
SHOSunstone Hotel Investors, Inc.Product Competitor	2.22B	11.91	281.56	6%	3.84%	1.94%	0.48
PKPark Hotels & Resorts Inc.Product Competitor	2.96B	14.72	-10.37	-2.23%	-8.49%	-6.71%	1.38

Compare IHG vs Peers

InterContinental Hotels Group PLC (IHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MAR

Most directly comparable listed peer for IHG.

Scale Benchmark

vs BKNG

Larger-name benchmark to compare IHG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MAR, HLT, H, WH

IHG Income Statement

InterContinental Hotels Group PLC (IHG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	4.08B	4.34B	4.63B	2.39B	2.91B	3.89B	3.73B	4.92B	5.19B
Revenue Growth %	137.61%	6.43%	6.69%	-48.26%	21.43%	33.88%	-4.21%	32.05%	5.4%
Cost of Goods Sold	2.95B	3.26B	3.38B	1.86B	2.01B	2.8B	1.79B	3.47B	3.53B
COGS % of Revenue	72.39%	75.07%	73.11%	77.61%	69.28%	71.99%	47.99%	70.44%	68.05%
Gross Profit	1.13B▲ 0%	1.08B▼ 3.9%	1.24B▲ 15.1%	536M▼ 56.9%	893M▲ 66.6%	1.09B▲ 22.1%	1.94B▲ 77.9%	1.46B▼ 25.0%	1.66B▲ 14.0%
Gross Margin %	27.61%	24.93%	26.89%	22.39%	30.72%	28.01%	52.01%	29.56%	31.95%
Gross Profit Growth %	-0.88%	-3.91%	15.08%	-56.91%	66.6%	22.06%	77.89%	-24.96%	13.95%
Operating Expenses	404M	410M	480M	361M	387M	403M	352M	414M	460M
OpEx % of Revenue	9.91%	9.45%	10.37%	15.08%	13.31%	10.35%	9.44%	8.41%	8.86%
Selling, General & Admin	709M	738M	791M	351M	292M	353M	338M	359M	381M
SG&A % of Revenue	17.4%	17.02%	17.1%	14.66%	10.04%	9.07%	9.07%	7.29%	7.34%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	92M	66M	95M	94M	87M	39M	14M	55M	79M
Operating Income	728M▲ 0%	566M▼ 22.3%	630M▲ 11.3%	165M▼ 73.8%	494M▲ 199.4%	628M▲ 27.1%	1.07B▲ 69.7%	1.04B▼ 2.3%	1.2B▲ 15.1%
Operating Margin %	17.87%	13.05%	13.62%	6.89%	16.99%	16.14%	28.59%	21.15%	23.09%
Operating Income Growth %	7.37%	-22.25%	11.31%	-73.81%	199.39%	27.13%	69.75%	-2.35%	15.08%
EBITDA	806M	691M	800M	337M	686M	782M	1.22B	1.19B	1.34B
EBITDA Margin %	19.78%	15.93%	17.29%	14.08%	23.6%	20.09%	32.62%	24.09%	25.9%
EBITDA Growth %	0.12%	-14.27%	15.77%	-57.88%	103.56%	13.99%	55.5%	-2.47%	13.32%
D&A (Non-Cash Add-back)	78M	125M	170M	172M	192M	154M	150M	145M	146M
EBIT	744M	578M	657M	-141M	500M	661M	1.13B	1.1B	1.2B
Net Interest Income	-72M	-95M	-115M	-140M	-139M	-106M	-52M	-140M	-153M
Interest Income	4M	5M	6M	4M	8M	22M	39M	63M	0
Interest Expense	76M	100M	121M	144M	147M	128M	91M	203M	0
Other Income/Expense	-91M	-100M	-88M	-127M	-133M	-88M	-56M	-144M	-124M
Pretax Income	656M▲ 0%	485M▼ 26.1%	542M▲ 11.8%	-280M▼ 151.7%	361M▲ 228.9%	540M▲ 49.6%	1.01B▲ 87.0%	897M▼ 11.2%	1.07B▲ 19.7%
Pretax Margin %	16.1%	11.18%	11.71%	-11.7%	12.42%	13.87%	27.09%	18.22%	20.7%
Income Tax	115M	133M	156M	-20M	96M	164M	260M	269M	315M
Effective Tax Rate %	17.53%	27.42%	28.78%	7.14%	26.59%	30.37%	25.74%	29.99%	29.33%
Net Income	540M▲ 0%	351M▼ 35.0%	385M▲ 9.7%	-260M▼ 167.5%	266M▲ 202.3%	375M▲ 41.0%	750M▲ 100.0%	628M▼ 16.3%	758M▲ 20.7%
Net Margin %	13.25%	8.09%	8.32%	-10.86%	9.15%	9.64%	20.12%	12.76%	14.61%
Net Income Growth %	30.43%	-35%	9.69%	-167.53%	202.31%	40.98%	100%	-16.27%	20.7%
Net Income (Continuing)	535M	350M	386M	-260M	265M	376M	750M	628M	759M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	7M	8M	8M	8M	7M	7M	4M	4M	5M
EPS (Diluted)	2.93▲ 0%	1.92▼ 34.5%	2.09▲ 8.9%	-1.43▼ 168.4%	1.45▲ 201.4%	2.04▲ 40.7%	4.41▲ 116.2%	3.85▼ 12.7%	4.87▲ 26.5%
EPS Growth %	37.56%	-34.47%	8.85%	-168.42%	201.4%	40.69%	116.18%	-12.7%	26.49%
EPS (Basic)	2.95	1.94	2.10	-1.43	1.45	2.05	4.41	3.90	4.91
Diluted Shares Outstanding	184.3M	182.4M	184M	182M	184M	184M	170M	163.12M	155.8M
Basic Shares Outstanding	183.35M	180.5M	183M	181.95M	183M	181M	169.99M	161.03M	155.81M
Dividend Payout Ratio	109.81%	56.7%	187.27%	-	-	62.13%	32.67%	41.24%	35.62%

IHG Balance Sheet

InterContinental Hotels Group PLC (IHG) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	863M	1.38B	935M	2.24B	2.07B	1.68B	2.13B	1.87B	2.05B
Cash & Short-Term Investments	184M	705M	199M	1.63B	1.45B	976M	1.33B	1.01B	1.13B
Cash Only	168M	704M	195M	1.63B	1.45B	976M	1.27B	1.01B	1.13B
Short-Term Investments	16M	1M	4M	1M	2M	0	7M	7M	3M
Accounts Receivable	0	0	575M	334M	429M	524M	615M	752M	880M
Days Sales Outstanding	-	-	45.36	50.92	53.86	49.14	60.21	55.75	61.9
Inventory	3M	5M	6M	5M	4M	4M	5M	4M	5M
Days Inventory Outstanding	0.37	0.56	0.65	0.98	0.72	0.52	1.02	0.42	0.52
Other Current Assets	108M	33M	78M	152M	108M	70M	88M	27M	32M
Total Non-Current Assets	2.15B	2.38B	3.04B	2.8B	2.65B	2.54B	2.68B	2.88B	3.3B
Property, Plant & Equipment	425M	447M	799M	504M	411M	437M	423M	422M	417M
Fixed Asset Turnover	9.59x	9.70x	5.79x	4.75x	7.07x	8.91x	8.81x	11.67x	12.44x
Goodwill	237M	313M	339M	346M	341M	335M	336M	331M	0
Intangible Assets	1.23B	830M	1.04B	947M	854M	809M	763M	711M	1.16B
Long-Term Investments	353M	363M	390M	248M	248M	192M	233M	256M	266M
Other Non-Current Assets	327M	364M	410M	638M	649M	639M	926M	1.04B	1.46B
Total Assets	3.01B▲ 0%	3.75B▲ 24.7%	3.98B▲ 5.9%	5.04B▲ 26.7%	4.72B▼ 6.4%	4.22B▼ 10.6%	4.81B▲ 14.2%	4.75B▼ 1.4%	5.34B▲ 12.6%
Asset Turnover	1.35x	1.16x	1.16x	0.48x	0.62x	0.92x	0.77x	1.04x	0.97x
Asset Growth %	2.84%	24.68%	5.94%	26.74%	-6.41%	-10.6%	14.16%	-1.35%	12.57%
Total Current Liabilities	1.28B	1.37B	1.39B	1.87B	1.62B	1.54B	2.19B	1.93B	2.1B
Accounts Payable	595M	616M	90M	80M	109M	152M	127M	650M	676M
Days Payables Outstanding	73.62	69.05	9.71	15.72	19.75	19.8	25.91	68.41	69.88
Short-Term Debt	110M	104M	87M	869M	292M	55M	624M	398M	478M
Deferred Revenue (Current)	67M	94M	666M	485M	0	0	0	0	0
Other Current Liabilities	464M	501M	934M	657M	837M	939M	973M	802M	918M
Current Ratio	0.67x	1.00x	0.67x	1.20x	1.27x	1.09x	0.97x	0.97x	0.98x
Quick Ratio	0.67x	1.00x	0.67x	1.20x	1.27x	1.08x	0.97x	0.97x	0.97x
Cash Conversion Cycle	-	-	36.3	36.19	34.84	29.86	35.32	-12.24	-7.46
Total Non-Current Liabilities	3.03B	3.46B	4.05B	5.02B	4.57B	4.28B	4.57B	5.13B	5.98B
Long-Term Debt	1.68B	1.91B	2.08B	2.92B	2.62B	2.35B	2.57B	2.88B	3.73B
Capital Lease Obligations	589M	615M	595M	416M	384M	401M	396M	388M	378M
Deferred Tax Liabilities	101M	131M	118M	95M	93M	78M	0	18M	0
Other Non-Current Liabilities	764M	935M	494M	495M	1.57B	417M	1.61B	552M	1.87B
Total Liabilities	4.31B	4.83B	5.44B	6.89B	6.19B	5.82B	6.76B	7.06B	8.08B
Total Debt	2.02B	2.25B	2.83B	4.22B	3.26B	2.82B	3.59B	3.69B	4.62B
Net Debt	1.85B	1.54B	2.63B	2.59B	1.81B	1.85B	2.33B	2.68B	3.49B
Debt / Equity	-	-	-	-	-	-	-	-	-
Debt / EBITDA	2.50x	3.25x	3.53x	12.51x	4.76x	3.61x	2.95x	3.11x	3.44x
Net Debt / EBITDA	2.30x	2.24x	3.29x	7.69x	2.64x	2.36x	1.91x	2.26x	2.60x
Interest Coverage	9.58x	5.66x	5.21x	1.15x	3.36x	4.91x	11.71x	5.13x	-
Total Equity	-1.3B▲ 0%	-1.08B▲ 17.2%	-1.47B▼ 36.0%	-1.85B▼ 26.2%	-1.47B▲ 20.3%	-1.61B▼ 9.1%	-1.95B▼ 21.0%	-2.31B▼ 18.6%	-2.74B▼ 18.5%
Equity Growth %	-71.41%	17.22%	-36.03%	-26.21%	20.28%	-9.09%	-21.02%	-18.6%	-18.54%
Book Value per Share	-7.06	-5.90	-7.96	-10.16	-8.01	-8.74	-11.45	-14.15	-17.56
Total Shareholders' Equity	-1.31B	-1.08B	-1.47B	-1.86B	-1.48B	-1.61B	-1.95B	-2.31B	-2.74B
Common Stock	154M	146M	52M	53M	53M	137M	141M	137M	145M
Retained Earnings	951M	1.17B	809M	568M	904M	607M	396M	34M	-302M
Treasury Stock	0	0	0	0	0	-37M	0	0	0
Accumulated OCI	-2.41B	-2.4B	-2.43B	-2.58B	-2.54B	-2.36B	-2.49B	0	-2.58B
Minority Interest	7M	8M	8M	8M	7M	7M	4M	4M	5M

IHG Cash Flow Statement

InterContinental Hotels Group PLC (IHG) cash flow — operating, investing & free cash flow history

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	634M	666M	653M	137M	636M	646M	893M	724M	898M
Operating CF Margin %	15.56%	15.36%	14.11%	5.72%	21.88%	16.6%	23.95%	14.71%	17.31%
Operating CF Growth %	-15.69%	5.05%	-1.95%	-79.02%	364.23%	1.57%	38.24%	-18.93%	24.03%
Net Income	593M	352M	386M	-260M	265M	376M	750M	628M	758M
Depreciation & Amortization	139M	125M	170M	172M	192M	154M	150M	145M	146M
Stock-Based Compensation	21M	38M	42M	32M	41M	46M	56M	67M	72M
Deferred Taxes	-160M	-199M	-79M	62M	-165M	0	0	0	0
Other Non-Cash Items	68M	255M	194M	169M	193M	-31M	-142M	-172M	-2M
Working Capital Changes	-27M	95M	-60M	-38M	110M	101M	79M	56M	-76M
Change in Receivables	-71M	-43M	-70M	38M	-75M	-132M	-70M	0	0
Change in Inventory	0	0	0	1M	1M	0	0	0	0
Change in Payables	0	0	0	0	75M	0	0	0	0
Cash from Investing	-263M	-189M	-493M	-61M	-12M	-78M	-137M	-99M	-190M
Capital Expenditures	-273M	-158M	-179M	-76M	-52M	-99M	-28M	-29M	-28M
CapEx % of Revenue	6.7%	3.64%	3.87%	3.17%	1.79%	2.54%	0.75%	0.59%	0.54%
Acquisitions	-47M	-39M	-304M	-2M	-13M	-1M	-3M	-16M	0
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-8M	33M	-5M	5M	44M	9M	-54M	-33M	-162M
Cash from Financing	-446M	86M	-660M	1.35B	-860M	-961M	-417M	-894M	-614M
Debt Issued (Net)	128M	286M	68M	613M	-32M	-209M	657M	287M	557M
Equity Issued (Net)	-1000K	-1000K	-1000K	0	0	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-593M	-199M	-721M	0	0	-233M	-245M	-259M	-270M
Share Repurchases	-3M	-3M	-5M	0	0	-482M	-790M	-804M	-907M
Other Financing	22M	-33M	-2M	741M	-828M	-36M	-31M	-91M	6M
Net Change in Cash	-59M▲ 0%	542M▲ 1018.6%	-492M▼ 190.8%	1.52B▲ 408.1%	-233M▼ 115.4%	-470M▼ 101.7%	357M▲ 176.0%	-287M▼ 180.4%	135M▲ 147.0%
Free Cash Flow	361M▲ 0%	508M▲ 40.7%	474M▼ 6.7%	61M▼ 87.1%	584M▲ 857.4%	547M▼ 6.3%	811M▲ 48.3%	646M▼ 20.3%	870M▲ 34.7%
FCF Margin %	8.86%	11.71%	10.24%	2.55%	20.09%	14.05%	21.75%	13.12%	16.77%
FCF Growth %	-33.15%	40.72%	-6.69%	-87.13%	857.38%	-6.34%	48.26%	-20.35%	34.67%
FCF per Share	1.96	2.79	2.58	0.34	3.17	2.97	4.77	3.96	5.58
FCF Conversion (FCF/Net Income)	1.17x	1.90x	1.70x	-0.53x	2.39x	1.72x	1.19x	1.15x	1.18x
Interest Paid	0	0	0	0	0	0	0	0	202M
Taxes Paid	0	0	0	0	0	0	0	0	0

IHG Key Ratios

InterContinental Hotels Group PLC (IHG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Invested Capital (ROIC)	63.76%	84.19%	83.4%	57.87%	12.98%	68.48%	162.69%	258.32%	207.65%	159.59%
Gross Margin	66.18%	27.61%	24.93%	26.89%	22.39%	30.72%	28.01%	52.01%	29.56%	31.95%
Net Margin	24.14%	13.25%	8.09%	8.32%	-10.86%	9.15%	9.64%	20.12%	12.76%	14.61%
Interest Coverage	7.88x	9.58x	5.66x	5.21x	1.15x	3.36x	4.91x	11.71x	5.13x	-
FCF Conversion	1.82x	1.17x	1.90x	1.70x	-0.53x	2.39x	1.72x	1.19x	1.15x	1.18x
Revenue Growth	-4.88%	137.61%	6.43%	6.69%	-48.26%	21.43%	33.88%	-4.21%	32.05%	5.4%

IHG Frequently Asked Questions

InterContinental Hotels Group PLC (IHG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

InterContinental Hotels Group PLC (IHG) reported $10.13B in revenue for fiscal year 2025. This represents a 87% increase from $5.41B in 2000.

InterContinental Hotels Group PLC (IHG) grew revenue by 5.4% over the past year. This is steady growth.

Yes, InterContinental Hotels Group PLC (IHG) is profitable, generating $1.39B in net income for fiscal year 2025 (14.6% net margin).

Dividend & Returns

Yes, InterContinental Hotels Group PLC (IHG) pays a dividend with a yield of 1.01%. This makes it attractive for income-focused investors.

InterContinental Hotels Group PLC (IHG) generated $1.56B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in IHG back in 2000?

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How much would $100/month in IHG be worth today?

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InterContinental Hotels Group PLC(IHG)Earnings, Financials & Key Ratios

IHG•NYSE

35.1× P/E·Price updated Jun 19, 2026

SectorConsumer Cyclical IndustryHotels & Lodging Sub-IndustryHotel franchisors and brand managers

Revenue$5.19B+5.4%
EBITDA$1.34B+13.3%
Net Income$758M+20.7%
EPS (Diluted)4.87+26.5%
Gross Margin31.95%+8.1%
EBITDA Margin25.9%+7.5%
Operating Margin23.09%+9.2%
Net Margin14.61%+14.5%