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Friday 6 November 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.
175.71
0.29
−0.16%
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Intercontinental Hotels Group (IHG) Gross margin
Intercontinental Hotels Group's gross margin over the twelve months to 30 June 2023 was 20.7%. Over the past ten years it has ranged from 64.5% (fiscal 2015) to 86.0% (fiscal 2017); the current reading is higher than 91% of that period. That is below the Lodging industry median of 37.0% and below the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 85.3% | 0.41 |
| FY2024 | 84.9% | 0.92 |
| FY2023 | 84.0% | 0.60 |
| FY2022 | 83.4% | 0.07 |
| FY2021 | 83.3% | (1.93) |
| FY2020 | 85.2% | 2.11 |
| FY2019 | 83.1% | (1.04) |
| FY2018 | 84.1% | (1.85) |
| FY2017 | 86.0% | 19.81 |
| FY2016 | 66.2% | 1.68 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2023 | 25.2% | 9.59 |
| Dec 2022 | 15.6% | (5.10) |
| Jun 2022 | 20.7% | (0.55) |
| Dec 2021 | 21.2% | 8.25 |
| 6 more quarters | Free account |
Against its own ten years
Low 64.5%
High 86.0%
Ten-year median
84.0%
Current reading's percentile
91
Gross margin against peers
| Company | Gross margin |
|---|---|
| CHH Choice Hotels International, Inc. compare | 93.8% |
| HLT Hilton Worldwide Holdings Inc. compare | 91.6% |
| WH Wyndham Hotels & Resorts compare | 87.9% |
| ATAT Atour Lifestyle Holdings Limited Sponsored ADR compare | 43.1% |
| HTHT H World Group Limited Sponsored ADR compare | 41.1% |
| CVEO Civeo Corporation compare | 23.3% |
| IHG Intercontinental Hotels Group | 20.7% |
| MAR Marriott International, Inc. compare | 20.2% |
| H Hyatt Hotels Corporation compare | 19.5% |
| Lodging industry median | 37.0% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on IHG
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement