HTHTNasdaqHotels & MotelsFiscal year ends December 31Also trades as HWLDF

H World Group Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026

$46.45−0.05 (-0.11%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

26.9%+43.5 pts over 5 years

20.1%+41.6 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+5.9%	+22.2%	+19.9%	+15.9%
Operating income	+31.1%	–	–	+27.5%
Net income	+66.7%	–	–	+27.8%
EPS, diluted	+66.7%	–	–	+25.1%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	17.7%	-23.4%	40.7%
Return on assets	8.8%	-3.7%	8.0%
Current ratio	1.41	1.22	0.91
Debt to equity	–	1.06	0.45
Net debt to EBITDA	–	-15.15×	-0.57×
Interest coverage	76.5×	-3.2×	20.2×
Diluted shares	2.83B	2.93B	3.25B

Return on equity split into margin, efficiency and leverage

Net margin20.1%

Asset turnover0.40×

Equity multiplier5.10×

Return on equity, FY202540.7%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	20.1%	0.40×	5.10×	40.7%
FY2024	12.8%	0.38×	5.19×	25.1%
FY2023	18.7%	0.35×	5.99×	39.2%
FY2022	-13.1%	0.22×	6.35×	-18.5%
FY2021	-3.6%	0.20×	5.77×	-4.2%
FY2020	-21.5%	0.17×	6.31×	-23.4%
FY2019	15.8%	0.29×	5.68×	26.1%
FY2018	7.1%	0.48×	3.35×	11.6%
FY2017	14.9%	0.60×	2.37×	21.2%
FY2016	11.9%	0.74×	2.00×	17.7%

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is HTHT.

Revenue growth5.9% · median 8.7%

Operating margin26.9% · median 19.8%

Net margin20.1% · median 12.7%

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