Saturday 17 October 2026 Export IHG’s income statement to Excel — free account

Intercontinental Hotels Group

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

167.77 1.62 +0.98%

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Market cap: $24.3B
P/E: 28.4×
Fwd P/E: 27.9×
Dividend yield: 1.13%
F-score: 7/9
Altman Z: 3.23
Beneish M: −2.55
Dividend safety: 62/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 22.56%

Capital & Financial Ratios $m

Market Cap 24,300.00

Revenue 7,818.81

Net Income 2,281.00

Free Cash Flow 2,010.00

Net Debt 3,322.00

Current Ratio 0.66

Debt/Equity (1.39)

P/E ratio 28.39

Fwd P/E 27.90

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 15.23%

Next Y EPS Growth 13.36%

Next Y revenue growth (49.30%)

Next 5Y EPS Growth 13.55%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 84.99%

10-year low 10-year high

EV/Sales against its own 10 years 93.52%

10-year low 10-year high

EV/FCF against its own 10 years 76.78%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 1.90

Annual Dividend Yield 1.13%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.90	1.26 0.65
2025	1.73	1.14 0.59
2024	1.57	1.04 0.53
2023	1.43	0.95 0.48
2022	0.44	0.86 0.44
2021	Powerpack
2020	0.86	0.86
2019	6.69	2.76 2.75 0.78 0.40
2018	1.66	0.53 0.75 0.38
2017	4.48	2.23 2.23 1.65 0.35 0.26
2016	10.20	0.74 0.53 8.35 8.37 0.33 0.25

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	38.13	49.49	53.57	55.14	25.39	58.74	47.06	58.37	89.02	94.78	Analyst estimates 2026–2028 Powerpack
	High	55.64	67.39	72.95	71.02	69.04	75.20	71.71	91.63	131.68	144.96
People
People	Employees	6,587	6,658	12,812	14,436	12,832	11,161	12,899	13,462	12,587	13,049
	Revenue/emp, $m	0.26	0.61	0.34	0.32	0.19	0.26	0.30	0.34	0.39	0.40
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
	Gross margin, %	66.18	85.99	84.14	83.10	85.21	83.28	83.35	83.95	84.87	85.28
	EBT	591	656	482	542	(280)	361	540	1,010	897	1,074
	EBT margin, %	34.46	16.10	11.11	11.71	(11.70)	12.42	13.87	21.84	18.22	20.70
	Net income	417	541	350	386	(260)	265	376	750	628	759
	Depreciation	127	114	164	170	172	192	154	150	145	146
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
	Earnings	2.14	3.23	1.83	2.10	(1.43)	1.45	2.08	4.44	3.90	4.91
	Cash flow	3.73	2.99	3.73	3.57	0.75	3.48	3.57	5.28	4.49	5.82
	Capex	(1.04)	(1.12)	(0.83)	(0.98)	(0.41)	(0.04)	(0.53)	(0.49)	(0.43)	(1.28)
	Free cash flow	2.70	1.87	2.90	2.59	0.34	3.43	3.04	4.80	4.06	4.54
	Book value	(3.77)	(6.74)	(5.95)	(8.01)	(10.16)	(8.05)	(8.88)	(11.51)	(14.32)	(17.72)
	Shares, m	201	193	190	183	182	183	181	169	161	154
Valuation, ×
Valuation, ×	P/E	17.67	23.90	21.78	21.24	97.21	4,050.31	16.96	15.36	21.14	23.83
	P/S	5.12	6.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	0.00	0.00	0.37	0.27	0.29	0.26	0.21	0.24	0.29	0.39
	EV/FCF	0.44	0.54	0.78	1.21	2.55	1.53	0.89	0.96	1.17	1.69
Cash, $m
Cash, $m	Operating cash flow	752	577	709	653	137	636	646	893	724	898
	Capex	(209)	(216)	(158)	(179)	(75)	(8)	(96)	(82)	(69)	(197)
	Free cash flow	543	361	551	474	62	628	550	811	655	701
Balance, $m
Balance, $m	Working capital	(356)	(417)	(34)	(449)	376	442	134	(61)	(59)	(51)
	Total debt	1,712	2,019	2,014	2,165	3,767	2,845	2,396	3,166	3,274	4,201
	Net debt	1,506	1,851	1,310	1,970	2,092	1,395	1,420	1,844	2,266	3,072
	Shareholders’ equity	(759)	(1,301)	(1,131)	(1,465)	(1,849)	(1,474)	(1,608)	(1,946)	(2,308)	(2,736)
Returns, %
Returns, %	ROA	12.37	18.19	9.83	9.29	(5.63)	5.45	8.40	16.61	13.14	15.02
	ROIC	58.07	82.73	203.21	77.97	(39.35)	0.00	0.00	0.00	0.00	222.84
	ROE	(188.18)	(52.43)	(28.70)	(29.66)	15.69	(16.01)	(24.33)	(42.21)	(29.53)	(30.06)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Dec 2012

Charts ten years each

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.	$100.6B	40.1×	35.1×	+4.85% (above 0%: growing)	+4.32% (above 0%: growing)	+81.76% (above 0%: growing)	21.98%	17.38%	Compare
HLT Hilton Worldwide Holdings Inc.	$77.2B	50.2×	41.0×	+6.50% (above 0%: growing)	+14.59% (above 0%: growing)	−29.27% (below 0%: shrinking)	92.04%	25.68%	Compare
IHG Intercontinental Hotels Group	$24.3B	28.4×	27.9×	+93.76% (above 0%: growing)	+931.26% (above 0%: growing)	+155.56% (above 0%: growing)	25.15%	0.00%
H Hyatt Hotels Corporation	$15.9B	197×	62.6×	+1.16% (above 0%: growing)	n/m	+125.23% (above 0%: growing)	20.78%	6.94%	Compare
HTHT H World Group Limited Sponsored ADR	$14.1B	19.8×	17.7×	+17.06% (above 0%: growing)	+5.71% (above 0%: growing)	+917.02% (above 0%: growing)	43.43%	31.05%	Compare
WH Wyndham Hotels & Resorts	$5.6B	27.6×	18.3×	−5.54% (below 0%: shrinking)	+21.24% (above 0%: growing)	+32.76% (above 0%: growing)	93.07%	46.40%	Compare
CHH Choice Hotels International, Inc.	$4.8B	15.2×	18.6×	+3.36% (above 0%: growing)	−19.32% (below 0%: shrinking)	+25.40% (above 0%: growing)	94.22%	23.63%	Compare
ATAT Atour Lifestyle Holdings Limited Sponsored ADR	$3.8B	16.1×	15.4×	+49.28% (above 0%: growing)	+42.86% (above 0%: growing)	+19.35% (above 0%: growing)	43.60%	22.15%	Compare
CVEO Civeo Corporation	$318.3M	— (loss-making)	— (loss-making)	+10.65% (above 0%: growing)	n/m	+233.36% (above 0%: growing)	23.00%	2.83%	Compare
Median of peers	$9.9B	27.6×	18.6×	+5.68%	+10.15%	+57.26%	43.52%	22.89%

All 13 Lodging stocks →

Intercontinental Hotels Group (IHG) key facts

Strength: Intercontinental Hotels Group’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, up 5.40% from fiscal 2024.
Intercontinental Hotels Group (IHG) is a Lodging company in the Consumer Cyclical sector, traded in the US as an ADR.
As of October 16, 2026, IHG traded at $167.77, a market capitalization of $24.3 billion.
Intercontinental Hotels Group pays an annual dividend of $1.90 per share, a yield of 1.13%.
Return on equity was −30.1% and debt-to-equity -1.39.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.23 (safe zone) for fiscal 2025.