Pricing Log in Create free account
Friday 6 November 2026 Export IHG’s income statement to Excel — free account

Intercontinental Hotels Group

IHG Consumer Cyclical Lodging

Intercontinental Hotels Group’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, up 5.40% from fiscal 2024.

175.71 0.29 −0.16%
Market cap
$25.6B
P/E
29.7×
Fwd P/E
28.4×
Dividend yield
1.08%
F-score
7/9
Altman Z
3.23
Beneish M
−2.55
Dividend safety
62/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 22.68%

Capital & Financial Ratios $m

Size
Market Cap 25,630.00
Revenue ttm 7,818.81
Net income ttm 2,281.00
Free cash flow ttm 2,010.00
Net debt Q 3,322.00
Valuation
P/E 29.73
Forward P/E 28.40
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 0.66 (below 1: weak)
Debt / equity Q (1.39) (negative: negative equity)
Interest coverage Q —
Growth
Revenue growth Q +93.76% (above 0%: growing)
Operating income growth Q −4.17% (below 0%: shrinking)
EPS, this year +15.82% (at or above 15%: strong)
EPS, next year A +11.63%
Revenue, next year A −49.05% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +13.22%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.4×, against a ten-year median of 0.3×; over the ten years it ranged from 0.2× in 2023 to 0.5× in 2019.
P/E against its own 10 years 85.92%
10-year low 10-year high
EV/Sales against its own 10 years 93.57%
10-year low 10-year high
EV/FCF against its own 10 years 76.90%
10-year low 10-year high

Dividends raised 5 years running

Yield
1.08%
Annual rate
1.90
Payout ratio
—
Growth, 2018–26
+1.74%/yr
  1. 1.66 ’18
  2. 6.69 ’19 +303
  3. 0.86 ’20 −87
  4. 0.00 ’21 −100
  5. 0.44 ’22
  6. 1.43 ’23 +225
  7. 1.57 ’24 +10
  8. 1.73 ’25 +10
  9. 1.90 ’26 +10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,322 1,008 1,129 825
Receivables 755 807 860 984
Inventory 5 4 5 4
Other 47 50 55 63
2,129 1,869 2,049 1,876
2023 2024 2025 Q'26
Payables 711 650 676 769
ST’ Debt 599 398 478 1,046
Other 47 36 37 41
2,190 1,928 2,100 2,824

Compound Annual Growth %

10y 5y 3y
Sales 11.15% 16.73% 10.06%
Cash Flow 3.64% 45.65% 11.60%
Earnings (4.66%) 0.00% 26.44%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Dec 2012 Estimate 0.53 Actual 0.54

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2012 0.53 0.57 Beat by 0.04
Dec 2012 0.53 0.54 Beat by 0.01

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 4.87
’24 — — — — 3.85
’23 — — — — 4.41
’22 — — — — 2.08
’21 — — — — 1.45
’20 — — — — (1.43)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 5,189
’24 — — — — 4,923
’23 — — — — 4,624
’22 — — — — 3,892
’21 — — — — 2,907
’20 — — — — 2,394
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 898
’24 — — — — 724
’23 — — — — 893
’22 — — — — 646
’21 — — — — 636
’20 — — — — 137
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 322 — — —
’25 — 160 — 870 701
’24 — 126 — 704 655
’23 — 280 — 865 811
’22 — 145 — 595 550
’21 — 157 — 663 628
’20 — (34) — 112 62
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,715 4,075 4,337 4,627 2,394 2,907 3,892 4,624 4,923 5,189 7,819 +13.1% 2,644 2,804 2,981 (16.9%)
Gross margin, % 66.18 85.99 84.14 83.10 85.21 83.28 83.35 83.95 84.87 85.28 20.69 +19.1 pt
EBT 591 656 482 542 (280) 361 540 1,010 897 1,074 1,438 +6.9%
EBT margin, % 34.46 16.10 11.11 11.71 (11.70) 12.42 13.87 21.84 18.22 20.70 18.40 (13.8) pt
Net income 417 541 350 386 (260) 265 376 750 628 759 2,281 +6.9%
Per share, $
Per share, $ Revenue 8.52 21.11 22.83 25.28 13.15 15.89 21.50 27.36 30.54 33.61 0.00 +16.5%
Earnings 2.14 2.80 1.83 2.10 (1.43) 1.45 2.08 4.44 3.90 4.91 5.91 +9.6%
Cash flow 3.73 2.99 3.73 3.57 0.75 3.48 3.57 5.28 4.49 5.82 0.00 +5.0%
Capex (1.04) (1.12) (0.83) (0.98) (0.41) (0.04) (0.53) (0.49) (0.43) (1.28) 0.00 +2.3%
Free cash flow 2.70 1.87 2.90 2.59 0.34 3.43 3.04 4.80 4.06 4.54 0.00 +6.0%
Book value (3.77) (6.74) (5.95) (8.01) (10.16) (8.05) (8.88) (11.51) (14.32) (17.72) 0.00 +18.8%
Shares, m 201 193 190 183 182 183 181 169 161 154 — (2.9%)
Valuation, ×
Valuation, × P/E 17.67 23.90 21.76 21.24 97.21 4,050.31 16.96 15.36 21.14 23.83 29.73 430.9
P/S 5.12 6.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.2
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 0.00 0.00 0.37 0.27 0.29 0.26 0.21 0.24 0.29 0.39 0.42 0.2
EV/FCF 0.44 0.54 0.78 1.21 2.55 1.53 0.89 0.96 1.17 1.69 1.65 1.2
Cash, $m
Cash, $m Operating cash flow 752 577 709 653 137 636 646 893 724 898 2,289 +2.0%
Capex (209) (216) (158) (179) (75) (8) (96) (82) (69) (197) (279) (0.7%)
Free cash flow 543 361 551 474 62 628 550 811 655 701 2,010 +2.9%
Balance, $m
Balance, $m Working capital (356) (417) (34) (449) 376 442 134 (61) (59) (51) (948) (19.4%)
Net debt 1,506 1,851 1,310 1,970 2,092 1,395 1,420 1,844 2,266 3,072 3,322 +8.2%
Shareholders’ equity (759) (1,301) (1,131) (1,465) (1,849) (1,474) (1,608) (1,946) (2,308) (2,736) (2,974) +15.3%
Returns, %
Returns, % ROA 12.37 18.19 9.83 9.29 (5.63) 5.45 8.40 16.61 13.14 15.02 0.00 +2.6 pt
ROIC 58.07 82.73 203.21 77.97 (39.35) 0.00 0.00 0.00 0.00 222.84 0.00 +164.8 pt
ROE (188.18) (52.43) (28.70) (29.66) 15.69 (16.01) (24.33) (42.21) (29.53) (30.06) 0.00 +158.1 pt
People
People Employees 6,587 6,658 12,812 14,436 12,832 11,161 12,899 13,462 12,587 13,049 — +7.9%
Revenue/emp, $m 0.26 0.61 0.34 0.32 0.19 0.26 0.30 0.34 0.39 0.40 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Dec 2012 · fundamentals updated 26 Oct 2026

Intercontinental Hotels Group vs peers in Lodging (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAR Marriott International, Inc. $107.5B 41.5× 35.7× +7.95% (above 0%: growing) +13.69% (above 0%: growing) +113.91% (above 0%: growing) 22.03% 18.19% Compare
HLT Hilton Worldwide Holdings Inc. $82.3B 49.4× 42.3× +6.57% (above 0%: growing) +33.68% (above 0%: growing) −11.11% (below 0%: shrinking) 91.85% 27.34% Compare
IHG Intercontinental Hotels Group $25.6B 29.7× 28.4× +93.76% (above 0%: growing) +931.26% (above 0%: growing) +155.56% (above 0%: growing) 25.15% 0.00%
H Hyatt Hotels Corporation $17.2B 93.0× 59.2× −2.41% (below 0%: shrinking) n/m −135.82% (below 0%: shrinking) 21.57% 11.59% Compare
HTHT H World Group Limited Sponsored ADR $15.2B 21.3× 18.0× +17.06% (above 0%: growing) +5.71% (above 0%: growing) +917.02% (above 0%: growing) 43.43% 31.05% Compare
WH Wyndham Hotels & Resorts $5.7B 28.7× 16.8× +7.33% (above 0%: growing) −2.19% (below 0%: shrinking) +9.33% (above 0%: growing) 92.93% 41.95% Compare
CHH Choice Hotels International, Inc. $5.2B 25.9× 21.1× +2.46% (above 0%: growing) −66.73% (below 0%: shrinking) −60.42% (below 0%: shrinking) 94.04% 23.23% Compare
ATAT Atour Lifestyle Holdings Limited Sponsored ADR $4.0B 16.9× 14.7× +49.28% (above 0%: growing) +42.86% (above 0%: growing) +19.35% (above 0%: growing) 43.60% 22.15% Compare
CVEO Civeo Corporation $337.8M — (loss-making) — (loss-making) +13.26% (above 0%: growing) n/m +139.23% (above 0%: growing) 23.97% 6.89% Compare
Median of peers $10.4B 28.7× 21.1× +7.64% +9.70% +14.34% 43.52% 22.69%

All 12 Lodging stocks →

Intercontinental Hotels Group (IHG) Latest News

28 Oct

Impact 4 · · hotelmanagement-network.com
Impact 3 · · ACCESS Newswire

26 Oct

Impact 3 · · ACCESS Newswire

23 Oct

Impact 3 · · ACCESS Newswire

22 Oct

Impact 4 · · hoteldive.com
Impact 4 · · MarketBeat

21 Oct

Impact 4 · · CNN

19 Oct

Impact 4 · · hotelmanagement-network.com

16 Oct

Impact 3 · · Simply Wall St.

14 Oct

Impact 4 · · hotelmanagement-network.com

12 Oct

Impact 3 · · hotelmanagement-network.com

8 Oct

Impact 4 · · hoteldive.com

7 Oct

Impact 3 · · PR Newswire

6 Oct

Impact 3 · · hotelmanagement-network.com

2 Oct

Impact 4 · · qz.com

1 Oct

Impact 4 · · travelandleisure.com
Impact 4 · · Business Wire
Impact 3 · · Business Wire

30 Sep

Impact 4 · · hotelmanagement-network.com

28 Sep

Impact 3 · · PR Newswire

22 Sep

Impact 3 · · hotelmanagement-network.com

21 Sep

Impact 3 · · PR Newswire

24 Aug

Impact 3 ·

18 Aug

Impact 4 · · The Motley Fool transcript

11 Aug

Impact 4 · transcript
Impact 3 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·

28 Jul

Impact 3 ·

19 May

Impact 3 · · PR Newswire

IHG metrics, ten years each

stockrow.com/IHG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com