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IHGInterContinental Hotels Group PLC
$166.63$25.1B
Overview & Verdict
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IHG logoInterContinental Hotels Group PLC(IHG)Earnings, Financials & Key Ratios

IHG•NYSE
$166.63
34.2× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryHotels & LodgingSub-IndustryHotel franchisors and brand managers
AboutInterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza. It also provides IHG Rewards loyalty program. As of December 31, 2021, the company operated 5,991 hotels and 880,327 rooms in approximately 100 countries. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Denham, the United Kingdom.Show more
  • Revenue$5.19B+5.4%
  • EBITDA$1.34B+13.3%
  • Net Income$758M+20.7%
  • EPS (Diluted)4.87+26.5%
  • Gross Margin31.95%+8.1%
  • EBITDA Margin25.9%+7.5%
  • Operating Margin23.09%+9.2%
  • Net Margin14.61%+14.5%

IHG Price & Volume

InterContinental Hotels Group PLC (IHG) stock price & volume — 10-year historical chart

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Asset Light Model Masks Persistent Equity Erosion

Investment Thesis • Updated 2025Q4

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Robust
Primary Risk:Negative equity and leverage

Key Thesis Takeaways

  • IHG leverages a highly efficient, asset-light franchise model that consistently generates robust free cash flow, as evidenced by a 21.1% FCF margin in 2025Q4.
  • However, the company's aggressive capital return strategy has resulted in a deteriorating balance sheet, with equity falling to -$2.7B and total debt rising to $4.6B.
  • Investors should monitor whether this reliance on debt-funded buybacks remains sustainable given the inherent volatility in revenue growth, which recently slowed to 2.7% in 2025Q4.

Verdict Logic

while the asset-light model maintains minimal capital intensity with a 0.6% CapEx/Revenue ratio, the persistent erosion of retained earnings to a -$302.0M deficit warrants significant caution regarding long-term solvency.

IHG Growth Metrics

InterContinental Hotels Group PLC (IHG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.15%
5 Years16.73%
3 Years10.06%
TTM40.08%

Profit CAGR

10 Years-4.66%
5 Years-
3 Years26.44%
TTM23.56%

EPS CAGR

10 Years-3.24%
5 Years-
3 Years33.65%
TTM35.4%

Return on Capital

10 Years28.78%
5 Years31.12%
3 Years39.34%
Last Year39.51%

IHG Recent Earnings

InterContinental Hotels Group PLC (IHG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 17, 2026
Metric
Actual
Est
EPS
$2.59+0.8%
$2.57
Rev
$2.7B-4.9%
$2.8B
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$3.00+24.0%
$2.42
Rev
$2.5B+116.2%
$1.2B
Q1 2025
Feb 18, 2025
Metric
Actual
Est
EPS
$1.74-24.0%
$2.29
Rev
$2.6B+114.0%
$1.2B
Q4 2024
Oct 22, 2024
Metric
Actual
Est
EPS
$2.10+6.1%
$1.98
Rev
$2.3B+110.0%
$1.1B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 17, 2026
$2.59vs $2.57+0.8%
$2.7Bvs $2.8B-4.9%
Q3 2025Aug 4, 2025
$3.00vs $2.42+24.0%
$2.5Bvs $1.2B+116.2%
Q1 2025Feb 18, 2025
$1.74vs $2.29-24.0%
$2.6Bvs $1.2B+114.0%
Q4 2024Oct 22, 2024
$2.10vs $1.98+6.1%
$2.3Bvs $1.1B+110.0%
Based on last 12 quarters of dataView full earnings history →

Latest IHG News

Recent stock market news and headlines for InterContinental Hotels Group PLC (IHG)

Accesswire·Jun 26, 2026
InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 26

InterContinental Hotels Group PLC (the "Company") Purchase of own shares LONDON, UK / ACCESS Newswire / June 26, 2026 / The Company announces that on 25 June 2026 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 17 February 2026, as announced on 17 February 2026.

Accesswire·Jun 25, 2026
InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 25

LONDON, UK / ACCESS Newswire / June 25, 2026 / The Company announces that on 24 June 2026 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 17 February 2026, as announced on 17 February 2026.

Accesswire·Jun 24, 2026
InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 24

LONDON, UK / ACCESS Newswire / June 24, 2026 / The Company announces that on 23 June 2026 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 17 February 2026, as announced on 17 February 2026.

Accesswire·Jun 23, 2026
InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 23

LONDON, UK / ACCESS Newswire / June 23, 2026 / The Company announces that on 22 June 2026 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 17 February 2026, as announced on 17 February 2026.

Accesswire·Jun 22, 2026
InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 22

Purchase of own shares LONDON, UK / ACCESS Newswire / June 22, 2026 / The Company announces that on 19 June 2026 it purchased the following number of its ordinary shares of 20340/399 pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 17 February 2026, as announced on 17 February 2026.

Peers Comparison

Key metrics vs top competitors for InterContinental Hotels Group PLC (IHG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IHG logoIHGInterContinental Hotels Group PLCCurrent
$166.63$25.08B34.225.4%14.61%—1.04%
MAR logoMARMarriott International, Inc.
$380.75$100.4B40.124.33%9.72%——
HLT logoHLTHilton Worldwide Holdings Inc.
$341.12$77.66B55.747.74%12.56%——
H logoHHyatt Hotels Corporation
$193.16$18.45B-357.70116.96%-0.55%-0.91%—
WH logoWHWyndham Hotels & Resorts, Inc.
$81.60$6.13B33.041.49%13.4%37.33%—
CHH logoCHHChoice Hotels International, Inc.
$110.95$5.08B14.040.75%21.55%312.73%—

Compare IHG vs Peers

InterContinental Hotels Group PLC (IHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MAR

Most directly comparable listed peer for IHG.

Scale Benchmark

vs BKNG

Larger-name benchmark to compare IHG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MAR, HLT, H, WH

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IHG Frequently Asked Questions

InterContinental Hotels Group PLC (IHG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is InterContinental Hotels Group PLC's revenue?

InterContinental Hotels Group PLC (IHG) reported $10.13B in revenue for fiscal year 2025. This represents a 87% increase from $5.41B in 2000.

How fast is InterContinental Hotels Group PLC growing?

InterContinental Hotels Group PLC (IHG) grew revenue by 5.4% over the past year. This is steady growth.

Is IHG profitable?

Yes, InterContinental Hotels Group PLC (IHG) is profitable, generating $1.39B in net income for fiscal year 2025 (14.6% net margin).

Dividend & Returns
Does IHG pay dividends?

Yes, InterContinental Hotels Group PLC (IHG) pays a dividend with a yield of 1.04%. This makes it attractive for income-focused investors.

What is InterContinental Hotels Group PLC's free cash flow?

InterContinental Hotels Group PLC (IHG) generated $1.56B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in IHG back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →