IHGNYSEHotels & MotelsFiscal year ends December 31Also trades as ICHGF
INTERCONTINENTAL HOTELS GROUP PLC /NEW/
Financials through fiscal 2025, year ended Dec 31, 2025
$168.92+1.15 (+0.69%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 34.7
- Dividend yield
- 1.02%
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
85.3%+0.1 pts over 5 years
Operating margin
23.1%+29.5 pts over 5 years
Net margin
14.6%+25.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.4% | +10.1% | +16.7% | +11.1% | |
| Gross profit | +5.9% | +10.9% | +16.7% | +14.3% | |
| Operating income | +15.1% | +24.0% | – | -2.2% | |
| Net income | +20.7% | +26.4% | – | -4.7% | |
| EPS, diluted | +26.3% | +33.2% | – | -37.2% | |
| Free cash flow | +25.2% | +13.7% | +51.0% | +4.0% | |
| Dividend per share | +10.1% | +10.1% | – | +8.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 15.6% | -30.0% | |
| Return on assets | – | -5.6% | 15.0% | |
| Current ratio | 0.69 | 1.20 | 0.98 | |
| Debt to equity | -1.48 | -2.03 | -1.53 | |
| Net debt to EBITDA | 1.91× | -48.65× | 2.43× | |
| Interest coverage | 8.3× | -1.1× | 5.9× | |
| Inventory turnover | – | 64.4× | 169.8× | |
| Capex to revenue | 0.8% | 1.1% | 0.5% | |
| Diluted shares | 214M | 182M | 156M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Intercontinental Hotels generated $3.80B from operations and spent $4.14B on capital expenditure, dividends and share buybacks. 4% of that went back into the business.
Generated
$3.80B
Used
$4.14B
Capital expenditure$156.00M4%Dividends$1.01B24%Share buybacks$2.97B72%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.6%
×Asset turnover1.03×
×Equity multiplier-2.00×
=Return on equity, FY2025-30.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.6% | 1.03× | -2.00× | -30.0% |
| FY2024 | 12.8% | 1.03× | -2.24× | -29.5% |
| FY2023 | 16.2% | 1.02× | -2.53× | -42.1% |
| FY2022 | 9.6% | 0.87× | -2.89× | -24.2% |
| FY2021 | 9.2% | 0.60× | -2.92× | -15.9% |
| FY2020 | -10.9% | 0.52× | -2.77× | 15.6% |
| FY2019 | 8.3% | 1.09× | -3.25× | -29.5% |
| FY2018 | 8.0% | 1.14× | -3.04× | -27.9% |
| FY2017 | 13.1% | 1.34× | -2.42× | -42.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$758.00M
- Cash generatingOperating cash flow above zero$898.00M
- Return on assets improvedROA up on the prior year13.0% → 16.0%
- Earnings backed by cashOperating cash flow above net income$898.00M vs $758.00M
- Less leverageLong-term debt to assets fell60.6% → 69.7%
- Better liquidityCurrent ratio rose0.97 → 0.98
- No dilutionShare count did not rise163M → 156M
- Gross margin improvedGross margin up on the prior year84.87% → 85.28%
- More efficientAsset turnover rose1.02 → 1.09