H World Group Ltd (HWLDF) balance sheet

HWLDFOTCHotels & MotelsFiscal year ends December 31Also trades as HTHT

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026Score 13/30

$4.25+0.52 (+13.94%)

Close on Oct 19, 2026Market cap $14.64BP/E 19.9Yield –

H World Group Ltd balance sheet

Annual Quarterly

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	Q2 2026 2026-06-30	Q4 2025 2025-12-31	Q2 2025 2025-06-30	Q4 2024 2024-12-31	Q2 2024 2024-06-30	Q4 2023 2023-12-31	Q2 2023 2023-06-30	Q4 2022 2022-12-31	Q3 2022 2022-09-30	Q2 2022 2022-06-30	Q4 2021 2021-12-31	Q3 2021 2021-09-30	Q4 2020 2020-12-31	Q4 2019 2019-12-31	Q4 2018 2018-12-31	Q4 2017 2017-12-31	Q2 2017 2017-06-30	Q4 2016 2016-12-31	Q2 2016 2016-06-30	Q4 2015 2015-12-31	Q4 2014 2014-12-31	Q4 2013 2013-12-31	Q4 2012 2012-12-31	Q4 2011 2011-12-31	Q4 2010 2010-12-31	Q4 2009 2009-12-31	Q4 2008 2008-12-31
Cash & Equivalents	14,249	10,386	10,145	7,524	7,801	6,946	7,316	5,086	5,177	4,642	5,141	5,385	7,090	13,999	4,884	3,956	2,980	3,236	2,466	1,598	809	397	450	782	1,060	271	183
Short-Term Investments	1,315	4,894	2,305	3,603	1,112	2,189	749	1,788	–	–	–	–	–	–	–	130	–	–	–	533	27	–	8.07	–	100	–	–
Cash & Short-Term Investments	15,564	15,280	12,450	11,127	8,913	9,135	8,065	6,874	5,177	4,642	5,141	5,385	7,090	13,999	4,884	4,086	2,980	3,236	2,466	2,131	835	397	458	782	1,160	271	183
Receivables	839	723	846	817	840	755	933	1,113	1,231	–	521	–	404	218	195	163	164	142	–	94	89	75	51	37	22	–	–
Inventory	52	57	62	60	61	59	65	70	83	–	88	–	89	57	41	24	33	22	–	25	30	34	38	31	18	–	–
Other Current Assets	986	870	1,582	800	868	949	725	809	779	–	847	–	914	699	540	329	240	209	–	168	161	117	83	54	40	–	–
Total Current Assets	17,761	17,435	15,668	13,215	11,467	12,056	10,565	9,178	9,563	–	9,553	–	12,882	18,256	6,974	5,761	4,578	4,175	–	2,864	1,597	1,042	997	1,174	1,415	–	–
Property, Plant & Equipment	4,989	5,230	5,524	5,682	5,882	6,097	6,403	6,784	6,804	–	7,056	–	6,682	5,854	5,018	4,523	4,463	3,710	–	3,806	3,907	3,634	2,952	2,096	1,422	–	–
Gross Property, Plant & Equipment	–	–	–	–	–	14,294	14,452	14,318	13,451	–	13,123	–	11,798	9,932	8,799	7,735	7,612	6,745	–	6,206	5,672	4,823	3,713	2,575	–	–	–
Accumulated Depreciation	-9,178	-9,121	-9,186	-8,769	-8,551	-8,456	-8,279	-7,727	-7,500	–	-6,845	–	-5,764	-4,918	-4,344	-3,707	-3,427	-3,196	–	-2,582	-2,009	-1,464	-1,014	-663	–	–	–
Construction in Progress	221	204	212	108	266	259	230	193	853	–	778	–	648	840	563	495	278	162	–	182	244	275	252	184	–	–	–
Long-Term Investments	1,352	1,369	2,301	2,316	2,499	2,564	2,199	1,945	1,865	–	1,965	–	1,923	1,929	6,152	2,362	1,283	1,064	–	344	229	91	28	–	–	–	–
Equity Method Investments	1,097	1,095	1,105	1,113	1,264	1,289	1,345	1,392	–	–	1,452	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Right-of-Use Assets	24,922	24,983	25,073	24,992	25,814	25,658	28,865	28,970	28,610	–	29,942	–	28,980	20,875	–	–	–	–	–	–	–	–	–	–	–	–	–
Goodwill	5,291	5,428	5,476	5,221	5,261	5,318	5,327	5,195	5,069	–	5,132	–	4,988	2,657	2,630	2,265	2,137	172	–	109	65	65	64	43	41	18	–
Intangible Assets	4,821	5,028	5,113	4,776	5,174	5,280	5,475	5,278	5,240	–	5,385	–	5,945	0	1,834	1,644	1,806	343	–	145	105	102	101	70	57	–	–
Deferred Tax Assets	1,143	1,157	1,068	1,054	1,035	1,043	1,082	1,093	846	–	862	–	623	548	–	–	–	–	–	120	83	67	55	41	28	–	–
Other Long-Term Assets	761	752	716	668	672	663	664	688	696	–	834	–	743	707	471	365	346	200	–	195	197	184	134	102	80	–	–
Total Assets	63,615	64,774	64,779	62,552	62,452	63,532	63,112	61,507	61,387	–	63,269	–	65,155	52,983	23,993	17,508	15,003	9,993	–	7,694	6,183	5,185	4,330	3,525	3,044	–	–
Accounts Payable	1,040	1,020	841	983	865	1,019	935	1,171	810	–	968	–	1,241	1,176	890	766	600	585	–	585	641	677	625	418	283	–	–
Short-Term Debt	911	5,337	6,633	880	315	4,049	4,765	3,288	5,144	–	6,232	–	1,142	8,499	948	131	163	298	–	325	0	–	–	–	–	–	–
Current Portion of Long-Term Debt	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14	–	–	–	–	–	–	–	–	–	–
Current Debt	911	5,337	6,633	880	315	4,049	4,765	3,288	5,144	–	6,232	–	1,142	8,499	948	131	163	298	–	325	0	–	–	–	–	–	–
Current Portion of Leases	3,563	3,478	3,375	3,492	3,531	3,609	3,832	3,773	3,732	–	3,628	–	3,406	3,082	–	–	–	–	–	–	–	–	–	–	–	–	–
Current Income Taxes Payable	1,122	1,191	874	813	782	562	618	500	126	–	418	–	339	231	265	218	195	152	–	103	60	26	23	14	15	–	–
Deferred Revenue (Current)	2,004	1,823	1,885	1,822	1,760	1,637	1,413	1,308	1,280	–	1,366	–	1,272	1,179	1,005	943	799	750	–	706	514	297	201	138	69	–	–
Other Current Liabilities	96	129	86	74	119	77	89	71	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total Current Liabilities	14,701	19,127	19,381	13,321	11,859	17,411	15,745	13,146	13,735	–	15,279	–	10,529	17,287	5,969	3,771	3,079	2,966	–	2,789	1,721	1,403	1,155	793	574	–	–
Long-Term Debt	3,315	479	777	4,546	5,220	1,265	1,065	6,635	6,091	–	3,565	–	10,856	8,084	8,812	4,922	3,658	–	–	–	–	–	–	–	–	–	–
Long-Term Leases	23,452	23,653	23,775	23,634	24,334	24,215	27,520	27,637	27,216	–	28,012	–	27,048	18,496	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	27,015	27,131	27,150	27,126	27,865	27,824	31,352	31,410	30,948	–	31,640	–	30,454	22,055	–	–	–	–	–	–	–	–	–	–	–	–	–
Deferred Tax Liabilities	1,125	1,187	961	919	818	845	868	858	798	–	853	–	1,181	491	475	422	459	96	–	61	38	26	22	13	12	–	–
Other Long-Term Liabilities	2,082	1,925	1,750	1,472	1,215	1,118	1,057	977	967	–	903	–	771	566	453	381	350	324	–	276	216	148	92	62	47	–	–
Total Liabilities	49,380	51,816	52,486	50,281	49,735	51,283	50,010	52,704	52,624	–	52,225	–	53,723	45,483	17,674	11,274	8,956	4,577	–	4,253	2,964	2,357	1,840	1,269	919	–	–
Total Debt	4,226	5,816	7,410	5,426	5,535	5,314	5,830	9,923	11,235	–	9,797	–	11,998	16,583	9,760	5,053	3,821	298	–	325	0	–	–	–	–	–	–
Common Stock	0	0	0	0	0	0	0	0	0	–	0	–	0	0	0	0	0.20	0.20	–	0.19	0.18	0.18	0.18	0.18	0.18	–	–
Additional Paid-In Capital	13,132	9,653	9,770	9,620	11,300	11,861	12,163	10,138	10,127	–	9,964	–	9,808	3,834	3,713	3,624	3,754	3,699	–	2,470	2,382	2,315	2,243	2,200	2,168	–	–
Retained Earnings	3,133	3,614	2,751	2,449	2,520	794	805	-1,200	-1,076	–	1,037	–	1,502	3,701	2,610	2,513	2,350	1,812	–	1,008	847	540	260	85	-30	–	–
Treasury Stock	-2,303	-662	-630	-274	-1,569	-906	-441	-441	-441	–	-107	–	-107	-107	-107	-107	-107	-107	–	-107	0	–	–	–	–	–	–
Comprehensive Income & Other	118	199	262	382	331	386	474	232	70	–	41	–	127	-49	-42	168	33	-4.50	–	60	-12	-39	-38	-39	-23	–	–
Shareholders' Equity	14,080	12,804	12,153	12,177	12,582	12,135	13,001	8,729	8,680	–	10,935	–	11,330	7,379	6,174	6,198	6,029	5,400	–	3,430	3,217	2,816	2,465	2,246	2,116	–	–
Noncontrolling Interest	155	154	140	94	135	114	101	74	83	–	109	–	102	121	145	36	19	17	–	11	1.75	12	25	9.79	9.18	–	–
Total Equity	14,235	12,958	12,293	12,271	12,717	12,249	13,102	8,803	8,763	9,437	11,044	11,464	11,432	7,493	6,319	6,234	6,048	5,184	–	3,441	3,219	2,828	2,491	2,256	2,125	105	-29
Total Liabilities & Equity	63,615	64,774	64,779	62,552	62,452	63,532	63,112	61,507	61,387	–	63,269	–	65,155	52,983	23,993	17,508	15,003	9,993	–	7,694	6,183	5,185	4,330	3,525	3,044	–	–
Shares Outstanding(shares)	3,154	3,072	3,077	3,084	3,133	3,159	3,188	3,112	3,109	–	3,121	–	3,108	2,859	2,831	2,805	2,792	2,783	–	2,509	2,507	2,476	2,445	2,426	2,412	–	–
Allowance for Credit Losses	–	–	–	–	–	–	–	–	–	–	–	–	–	4.00	0	0	–	0	–	0	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: –
Operating margin: 26.9%
Net margin: 20.1%
Return on equity, FY2025: 40.7%

Financial strength

Current ratio: 1.21
Debt to equity: 0.30
Debt to assets: 6.6%
Cash to current liabilities: 96.9%

Valuation

P/E ratio: 19.9
Price to sales: 3.86
Price to book: 6.94
Dividend yield: –