InterContinental Hotels Group PLC ADR (IHG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 16	—	$0.89	—	—	—	—
Q4 13	—	$0.89	—	—	—	—
Q3 13	—	$0.15	—	—	—	—
Q2 13	$0.6	$0.51	-15.0%	—	—	—
Q4 12	$0.51	$0.45	-11.8%	—	$484M	—
Q3 12	$0.52	$0.57	+9.6%	—	$473M	—
Q2 12	$0.57	$0.57	0.0%	—	$469M	—
Q1 12	$0.39	$0.39	0.0%	—	$409M	—
Q4 11	$0.43	$0.51	+18.6%	—	$451M	—
Q3 11	$0.48	$0.55	+14.6%	—	$467M	—
Q2 11	$0.47	$0.53	+12.8%	—	$454M	—
Q1 11	$0.3	$0.36	+20.0%	—	$396M	—
Q4 10	$0.31	$0.37	+19.4%	—	$435M	—
Q3 10	$0.4	$0.4	0.0%	—	$421M	—
Q2 10	$0.34	$0.44	+29.4%	—	$410M	—
Q1 10	$0.16	$0.26	+62.5%	—	$362M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.91	—	—	$5.2B	—
FY24	—	$3.9	—	—	$4.9B	—
FY23	—	$4.44	—	—	$4.6B	—
FY22	—	$2.07	—	—	$3.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.9B	$4.1B	$4.3B	$4.6B	$2.4B	$2.9B	$3.9B	$4.6B	$4.9B	$5.2B
YoY change	+117%	+4.17%	+6.43%	+6.69%	-48.3%	+21.4%	+33.9%	+18.8%	+6.47%	+5.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.9B	4.1B	4.3B	4.6B	2.4B	2.9B	3.9B	4.6B	4.9B	5.2B
Cost of revenue	2.8B	2.9B	3.2B	3.4B	1.9B	2B	2.8B	3.2B	3.5B	3.6B
Gross profit	1.2B	1.1B	1.1B	1.3B	536M	885M	1.1B	1.4B	1.5B	1.6B
Gross margin	29.5%	28%	25.7%	27.1%	22.4%	30.4%	27.7%	30.7%	29.6%	31.3%
Research & development	0	0	—	—	—	—	—	—	—	—
Selling, general & administrative	345M	355M	415M	385M	267M	292M	353M	338M	359M	354M
Operating expenses	336M	344M	415M	385M	267M	292M	353M	338M	359M	354M
Operating income	743M	759M	600M	772M	175M	506M	687M	1B	1B	1.2B
Operating margin	19%	18.6%	13.8%	16.7%	7.31%	17.4%	17.7%	22.4%	21.1%	23.4%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	632M	653M	482M	542M	-280M	361M	540M	1B	897M	1.1B
Income tax	173M	118M	132M	156M	-20M	96M	164M	260M	269M	315M
Net income	459M	535M	350M	386M	-260M	265M	376M	750M	628M	759M
Net margin	11.7%	13.1%	8.07%	8.34%	-10.9%	9.12%	9.66%	16.2%	12.8%	14.6%
EBITDA	853M	915M	763M	890M	332M	690M	807M	1.3B	1.2B	1.4B
EPS	2.15	2.95	1.94	2.1	-1.43	1.45	2.07	4.44	3.9	4.91
Diluted EPS	2.13	2.93	1.92	2.09	-1.43	1.45	2.06	4.41	3.85	4.87

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 11	Q1 12	Q2 12	Q3 12	Q4 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Revenue	451M	409M	469M	473M	484M	—	—	—	—	—	—	—
Cost of revenue	205M	182M	195M	188M	207M	—	—	—	—	—	—	—
Gross profit	246M	227M	274M	285M	277M	—	—	—	—	—	—	—
Gross margin	54.5%	55.5%	58.4%	60.3%	57.2%	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	66M	87M	86M	101M	89M	—	—	—	—	—	—	—
Operating expenses	66M	86M	86M	99M	89M	—	—	—	—	—	—	—
Operating income	102M	118M	165M	163M	142M	—	—	—	—	—	—	—
Operating margin	22.6%	28.9%	35.2%	34.5%	29.3%	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	155M	106M	178M	150M	122M	—	—	—	—	—	—	—
Income tax	16M	-48M	57M	-25M	27M	—	—	—	—	—	—	—
Net income	139M	154M	121M	175M	95M	—	—	—	—	—	—	—
Net margin	30.8%	37.7%	25.8%	37%	19.6%	—	—	—	—	—	—	—
EBITDA	125M	142M	189M	186M	163M	—	—	—	—	—	—	—
EPS	—	0.82	0.64	0.85	—	0	0	0	0	0	0	0
Diluted EPS	—	0.8	0.63	0.84	—	0	0	0	0	0	0	0

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	9.4B	12.3B	10.4B	12.6B	11.9B	11.9B	10.6B	15.4B	20.1B	21.7B	21.7B
Enterprise value	10.9B	14.5B	12.4B	15.2B	14.4B	13.8B	12.5B	17.7B	22.8B	25.2B	25.2B
Shares outstanding	192.8M	183.3M	180.5M	183M	182M	183M	181M	169M	161.2M	154.4M	154.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.5	22.9	29.7	32.6	—	45	28.1	20.5	32.1	28.6	28.6
P/S	2.41	3.01	2.39	2.72	4.95	4.11	2.71	3.33	4.09	4.19	4.19
P/B	-8.21	-9.06	-9.18	-8.58	-6.41	-8.1	-6.57	-7.92	-8.72	-7.95	-7.95
EV/EBITDA	12.8	15.9	16.2	17.1	43.5	20	15.4	14.1	18.8	17.5	17.5
EV/Sales	2.79	3.56	2.85	3.29	6.03	4.76	3.2	3.83	4.64	4.87	4.87
Earnings yield	4.88%	4.36%	3.37%	3.07%	—	2.22%	3.56%	4.87%	3.12%	3.49%	3.49%
FCF yield	5.77%	3.26%	5.31%	3.77%	0.51%	4.89%	5.18%	5.26%	3.21%	3.78%	3.78%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	29.5%	28%	25.7%	27.1%	22.4%	30.4%	27.7%	30.7%	29.6%	31.3%	31.3%
Operating margin	19%	18.6%	13.8%	16.7%	7.31%	17.4%	17.7%	22.4%	21.1%	23.4%	23.4%
Net margin	11.7%	13.1%	8.07%	8.34%	-10.9%	9.12%	9.66%	16.2%	12.8%	14.6%	14.6%
ROE	-40.1%	-39.5%	-30.9%	-26.3%	14.1%	-18%	-23.4%	-38.5%	-27.2%	-27.7%	-27.7%
ROA	16.6%	16.1%	8.17%	9.2%	-5.16%	5.62%	8.92%	15.6%	13.2%	14.2%	14.2%
ROIC	158.7%	70.4%	51.4%	46.5%	23.6%	87.6%	167.3%	205.9%	188.3%	112.1%	112.1%
Return on tangible assets	43.9%	38.5%	17.5%	26.8%	-10.6%	11.4%	19.5%	28.7%	16.9%	25%	25%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.69	0.66	0.98	0.67	1.2	1.27	1.09	0.97	0.97	0.98	0.98
Quick ratio	0.69	0.66	0.97	0.67	1.2	1.27	1.08	0.97	0.97	0.97	0.97
Debt / equity	-1.49	-1.79	-2.37	-1.93	-2.28	-2.21	-1.76	-1.85	-1.6	-1.68	-1.68
Debt / assets	0.62	0.73	0.63	0.67	0.84	0.69	0.67	0.75	0.78	0.86	0.86
Net debt / EBITDA	1.74	2.44	2.59	2.98	7.8	2.75	2.35	1.85	2.21	2.42	2.42
Interest coverage	8.35	8.18	6.02	5.71	-1.01	3.6	5.46	9.57	6.83	6.51	6.51
Effective tax rate	27.4%	18.1%	27.4%	28.8%	0%	26.6%	30.4%	25.7%	30%	29.3%	29.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.3	22.2	24	25.3	13.2	15.9	21.5	27.4	30.5	33.6	33.6
EPS (basic)	2.15	2.95	1.94	2.1	-1.43	1.45	2.07	4.44	3.9	4.91	4.91
EPS (diluted)	2.13	2.93	1.92	2.09	-1.43	1.45	2.06	4.41	3.85	4.87	4.87
Book value per share	-5.94	-7.38	-6.27	-8.01	-10.2	-8.05	-8.88	-11.5	-14.3	-17.7	-17.7
FCF per share	2.82	2.18	3.05	2.59	0.34	3.19	3.02	4.8	4.01	5.32	5.32
Cash per share	1.17	1	3.91	0.97	8.94	7.46	5.13	7.53	6.16	7.16	7.16
Capex per share	0.19	0.24	0.25	0.41	0.14	0.15	0.28	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.95%	1.08%	1.06%	1.62%	1.04%	0.93%	1.31%	—	—	—	—
Capex / operating cash flow	5.56%	7.1%	5.99%	12.4%	2.5K%	5.87%	8.1%	—	—	—	—
Payout ratio	368.8%	110.8%	56.9%	186.8%	—	—	62%	—	—	—	—
Dividend yield	18%	4.83%	1.92%	5.74%	—	—	2.21%	—	—	—	—

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.645

ex-dividend Aug 21, 2026

Payout ratio

—

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.645
Apr 10, 2026	$1.259
Aug 22, 2025	$0.586
Apr 4, 2025	$1.144
Aug 30, 2024	$0.532

Period	Q4 11	Q1 12	Q2 12	Q3 12	Q4 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Revenue	$451M	$409M	$469M	$473M	$484M	—	—	—	—	—	—	—
YoY change	+3.68%	+3.28%	+3.3%	+1.28%	+7.32%	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	226M	184M	705M	177M	1.6B	1.4B	929M	1.3B	993M	1.1B
Receivables	469M	549M	610M	515M	309M	399M	493M	580M	651M	698M
Inventory	3M	3M	5M	6M	5M	4M	4M	5M	4M	5M
Total current assets	796M	861M	1.4B	935M	2.2B	2.1B	1.7B	2.1B	1.9B	2B
Property, plant & equipment	419M	-4M	1.6B	-23M	-113M	-196M	-137M	-111M	521M	-140M
Goodwill & intangibles	1.7B	1.9B	2.3B	2.8B	2.6B	2.4B	2.3B	2.2B	1B	2.3B
Total assets	2.8B	3.3B	4.3B	4.2B	5B	4.7B	4.2B	4.8B	4.7B	5.3B
Accounts payable	526M	595M	616M	90M	80M	109M	152M	127M	111M	103M
Short-term debt	106M	154M	159M	152M	903M	327M	81M	629M	424M	506M
Total current liabilities	1.1B	1.3B	1.4B	1.4B	1.9B	1.6B	1.5B	2.2B	1.9B	2.1B
Long-term debt	1.6B	2.3B	2.5B	2.7B	3.3B	2.9B	2.7B	3B	3.3B	4.1B
Total liabilities	3.9B	4.7B	5.4B	5.7B	6.9B	6.2B	5.8B	6.8B	7.1B	8.1B
Shareholders' equity	-1.1B	-1.4B	-1.1B	-1.5B	-1.8B	-1.5B	-1.6B	-1.9B	-2.3B	-2.7B
Total debt	1.7B	2.4B	2.7B	2.8B	4.2B	3.3B	2.8B	3.6B	3.7B	4.6B
Net debt	1.5B	2.3B	2B	2.7B	2.6B	1.9B	1.9B	2.3B	2.7B	3.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 11	Q1 12	Q2 12	Q3 12	Q4 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Cash & short-term investments	182M	155M	70M	170M	201M	401M	356M	205M	215M	181M	233M	192M
Receivables	299M	444M	465M	509M	344M	518M	523M	617M	542M	595M	675M	772M
Inventory	4M	4M	4M	4M	4M	4M	3M	3M	3M	3M	3M	6M
Total current assets	578M	609M	548M	692M	1.2B	1.2B	899M	1.1B	766M	828M	939M	1B
Property, plant & equipment	1.4B	—	—	—	1.1B	1.1B	1.1B	459M	425M	422M	417M	824M
Goodwill & intangibles	800M	814M	868M	896M	894M	982M	1.2B	2.2B	2.5B	2.7B	2B	2.9B
Total assets	3B	3.1B	3B	3.3B	3.3B	3.3B	3B	3.2B	2.9B	3.1B	3.1B	4.1B
Accounts payable	126M	670M	671M	741M	117M	691M	719M	821M	585M	641M	502M	494M
Short-term debt	21M	21M	21M	21M	16M	16M	16M	525M	475M	116M	89M	121M
Total current liabilities	920M	765M	770M	834M	841M	816M	773M	1.4B	1.4B	1.1B	1.2B	1.3B
Long-term debt	670M	691M	588M	610M	1.2B	1.2B	1.3B	1.4B	1.6B	2.1B	1.9B	2.9B
Total liabilities	2.4B	2.3B	2.3B	2.4B	2.9B	2.9B	3.1B	3.7B	4B	4.2B	4.3B	5.6B
Shareholders' equity	555M	733M	708M	877M	317M	416M	-89M	-495M	-1B	-1.1B	-1.2B	-1.4B
Total debt	691M	712M	609M	631M	1.3B	1.2B	1.3B	1.9B	2B	2.2B	2B	3B
Net debt	509M	562M	539M	461M	1.1B	826M	1B	1.7B	1.8B	2.1B	1.8B	2.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	459M	535M	350M	386M	-260M	265M	376M	750M	628M	759M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	23M	27M	38M	42M	32M	41M	46M	56M	67M	72M
Change in working capital	78M	-33M	106M	-14M	42M	-43M	-20M	48M	-50M	61M
Operating cash flow	666M	620M	768M	606M	1M	460M	630M	893M	724M	898M
Capital expenditure	-37M	-44M	-46M	-75M	-25M	27M	-51M	—	—	—
Investing cash flow	-39M	-42M	-112M	-384M	-15M	23M	-33M	-55M	-30M	-113M
Dividends paid	-1.7B	-593M	-199M	-721M	—	—	-233M	—	—	—
Share repurchases	0	-3M	-3M	-5M	0	0	-482M	-790M	-804M	-897M
Financing cash flow	-1.5B	-446M	84M	-605M	1.4B	-1.7B	-925M	-141M	-589M	-314M
Net change in cash	-824M	132M	740M	-383M	1.4B	-1.2B	-328M	697M	105M	471M
Free cash flow	543M	400M	551M	474M	61M	584M	547M	811M	646M	821M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 10	Q2 10	Q3 10	Q4 10	Q1 11	Q2 11	Q3 11	Q4 11	Q1 12	Q2 12	Q3 12	Q4 12
Net income	54M	87M	103M	36M	69M	87M	178M	—	—	—	179M	95M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	6M	—	—	—	6M	5M	—	—
Change in working capital	-45M	9M	4M	42M	-108M	-46M	16M	204M	-112M	-96M	131M	—
Operating cash flow	38M	145M	-15M	157M	-54M	140M	69M	301M	-109M	53M	115M	285M
Capital expenditure	-5M	-28M	96M	-18M	-9M	-9M	-17M	-162M	-9M	-3M	-11M	-17M
Investing cash flow	2M	-19M	104M	4M	-28M	0	90M	-8M	-9M	-6M	-8M	-25M
Dividends paid	—	—	0	-37M	—	—	0	-46M	—	—	-61M	-505M
Share repurchases	-23M	0	0	-30M	-57M	0	0	-18M	-39M	39M	-45M	-62M
Financing cash flow	-27M	-32M	-481M	-64M	17M	2M	-217M	-70M	-34M	-103M	-59M	-650M
Net change in cash	13M	94M	-392M	97M	-65M	142M	-58M	223M	-152M	-56M	48M	-390M
Free cash flow	20M	117M	124M	110M	-21M	98M	151M	148M	0	137M	159M	48M

Date	Ratio
Jan 14, 2019	949:1000
May 8, 2017	957:1000
May 9, 2016	833:1000
Jul 1, 2014	923:1000
Oct 9, 2012	14:15
Jun 4, 2007	47:56
Jun 12, 2006	7:8

InterContinental Hotels Group PLC ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history