IHG Consumer Cyclical

InterContinental Hotels Group PLC

$170.20-0.83%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Lodging
Country: United Kingdom
Market cap: 24.9B USD
Enterprise value: 30.7B USD
Full-time employees: 13,049

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.02 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.98 vs a peer median of 1.48)higher risk: bigger price swings (beta 1.02 vs peers 0.63) and less liquidity (current ratio 0.98 vs peers 1.48)

Ranks #837 of 1,502 consumer cyclical companies (bottom 45%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
InterContinental Hotels's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Returning more cash than it generates. Paid out $3.3B vs $2.4B of free cash flow over the 3 fiscal years to 2025.
InterContinental Hotels returned $3.3B to shareholders over three years, 134% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Profits growing faster than sales. Since 2022: revenue +33%, operating profit +91%.
Since 2022, InterContinental Hotels's revenue grew 33% while operating profit grew 91%: each extra dollar of sales is adding more profit.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

49/ 100

Oct 5 49 → Nov 4 49

Valuation

Is the price right?

25/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value30% base weight · Z-score -0.51Sector median: 0.0439 · MAD: 0.0329

EBITDA yield4.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value50% base weight · Z-score -1.01Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield3.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.56Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield-9.8%

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

66/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 5.4%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth20.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.65Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth10.1%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 0.91Sector median: 0.0425 · MAD: 0.0636

Revenue growth5.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.26Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

99/100

Strong

3/3 inputs reported · High confidence

Since last year: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin23.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 3.62Sector median: 0.0638 · MAD: 0.0461

Return on assets14.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.06Sector median: 0.0331 · MAD: 0.0254

Return on invested capital285.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.21Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin85.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: Changed: worth a look

Debt up 28%

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.02

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.31Sector median: 0.6345 · MAD: 0.2980

Current ratio0.98×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.91Sector median: 1.4800 · MAD: 0.5570

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -9.02Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about InterContinental Hotels

Is InterContinental Hotels getting weaker?: Its latest SEC filing (Feb 26, 2026) showed no major changes: debt up 28%. Its overall score is unchanged at 49/100 since Oct 28, 2026.
How is InterContinental Hotels valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 25/100 against 1,612 consumer cyclical peers. EBITDA yield 4.1% vs a peer median of 8.8% (weaker than 77% of peers).EBITDA yield 4.1% vs peers 8.8% (weaker than 77% of peers).
Is InterContinental Hotels growing?: Yes, faster than most of its peers. Growth scores 66/100 against 1,612 consumer cyclical peers. 3-year revenue growth 10.1% vs a peer median of 4.3% (stronger than 72% of peers).3-year revenue growth 10.1% vs peers 4.3% (stronger than 72% of peers).
How profitable is InterContinental Hotels?: More profitable than most of its peers. Profitability scores 99/100 against 1,612 consumer cyclical peers. Return on assets 14.2% vs a peer median of 3.3% (stronger than 95% of peers).Return on assets 14.2% vs peers 3.3% (stronger than 95% of peers).
How risky is InterContinental Hotels?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.98× vs a peer median of 1.48× (weaker than 78% of peers).Current ratio 0.98× vs peers 1.48× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Feb 26, 2026 · compared with the year ended Dec 31, 2024

No major changes

Debt up 28%

	Previous year	Latest year	Change
Revenue (12 months)	4.9B USD	5.2B USD	+5.4%
Net income (12 months)	628.0M USD	758.0M USD	+20.7%
Operating margin	21.1%	23.1%	+1.9 pts
Free cash flow (12 months)	695.0M USD	870.0M USD	+25.2%
Debt	3.3B USD	4.2B USD	+28.3%
Cash	1.0B USD	1.1B USD	+12.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	83.3%	83.4%	84.0%	84.9%	85.3%	▲ 0.4 pts
Operating margin	17.0%	16.1%	23.1%	21.1%	23.1%	▲ 1.9 pts
Net margin	9.2%	9.6%	16.2%	12.8%	14.6%	▲ 1.9 pts
Return on assets (ROA)	5.6%	8.9%	15.6%	13.2%	14.2%	▲ 1.0 pts
Free cash flow margin	21.3%	15.2%	18.7%	14.1%	16.8%	▲ 2.6 pts
Current ratio	1.27×	1.09×	0.97×	0.97×	0.98×	▲ 0.7%
Quick ratio	1.27×	1.08×	0.97×	0.97×	0.97×	▲ 0.6%
Interest coverage	3.36×	5.32×	8.46×	5.85×	5.93×	▲ 1.4%

IHG price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.02 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.98 vs a peer median of 1.48)higher risk: bigger price swings (beta 1.02 vs peers 0.63) and less liquidity (current ratio 0.98 vs peers 1.48)

Ranks #837 of 1,502 consumer cyclical companies (bottom 45%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

InterContinental Hotels's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Returning more cash than it generates. Paid out $3.3B vs $2.4B of free cash flow over the 3 fiscal years to 2025.

InterContinental Hotels returned $3.3B to shareholders over three years, 134% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Profits growing faster than sales. Since 2022: revenue +33%, operating profit +91%.

Since 2022, InterContinental Hotels's revenue grew 33% while operating profit grew 91%: each extra dollar of sales is adding more profit.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about InterContinental Hotels

Is InterContinental Hotels getting weaker?

Its latest SEC filing (Feb 26, 2026) showed no major changes: debt up 28%. Its overall score is unchanged at 49/100 since Oct 28, 2026.

How is InterContinental Hotels valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 25/100 against 1,612 consumer cyclical peers. EBITDA yield 4.1% vs a peer median of 8.8% (weaker than 77% of peers).EBITDA yield 4.1% vs peers 8.8% (weaker than 77% of peers).

Is InterContinental Hotels growing?

Yes, faster than most of its peers. Growth scores 66/100 against 1,612 consumer cyclical peers. 3-year revenue growth 10.1% vs a peer median of 4.3% (stronger than 72% of peers).3-year revenue growth 10.1% vs peers 4.3% (stronger than 72% of peers).

How profitable is InterContinental Hotels?

More profitable than most of its peers. Profitability scores 99/100 against 1,612 consumer cyclical peers. Return on assets 14.2% vs a peer median of 3.3% (stronger than 95% of peers).Return on assets 14.2% vs peers 3.3% (stronger than 95% of peers).

How risky is InterContinental Hotels?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.98× vs a peer median of 1.48× (weaker than 78% of peers).Current ratio 0.98× vs peers 1.48× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

4.9B USD

5.2B USD

+5.4%

Net income (12 months)

628.0M USD

758.0M USD

+20.7%

Operating margin

21.1%

23.1%

+1.9 pts

Free cash flow (12 months)

695.0M USD

870.0M USD

+25.2%

Debt

3.3B USD

4.2B USD

+28.3%

Cash

1.0B USD

1.1B USD

+12.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

83.3%

83.4%

84.0%

84.9%

85.3%

▲ 0.4 pts

Operating margin

17.0%

16.1%

23.1%

21.1%

23.1%

▲ 1.9 pts

Net margin

9.2%

9.6%

16.2%

12.8%

14.6%

▲ 1.9 pts

Return on assets (ROA)

5.6%

8.9%

15.6%

13.2%

14.2%

▲ 1.0 pts

Free cash flow margin

21.3%

15.2%

18.7%

14.1%

16.8%

▲ 2.6 pts

Current ratio

1.27×

1.09×

0.97×

0.98×

▲ 0.7%

Quick ratio

1.27×

1.08×

0.97×

▲ 0.6%

Interest coverage

3.36×

5.32×

8.46×

5.85×

5.93×

▲ 1.4%