NYSE · Financial Statements

InterContinental Hotels Group PLC (IHG) Financial Statements

$165.01 NYSE: IHG Market Cap $24.44B

InterContinental Hotels Group PLC most recently reported annual revenue of $5.2B, net profit of $758.0M. Revenue grew at an average annual rate of 16.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

InterContinental Hotels Group PLC: Revenue rose from $1.7B in 2016 to $5.2B in 2025, a change of +202.6% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 39.5% to 23.1%, a shift of -16.4 percentage points; the most recent year shows net profit of $758.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$1.7B	$4.1B	$4.3B	$4.6B	$2.4B	$2.9B	$3.9B	$3.7B	$4.9B	$5.2B
Operating Expenses	$1.0B	$3.3B	$3.8B	$4.0B	$2.2B	$2.4B	$3.3B	$2.7B	$3.9B	$4.0B
Operating Profit	$678.0M	$728.0M	$566.0M	$630.0M	$165.0M	$494.0M	$628.0M	$1.1B	$1.0B	$1.2B
Operating Margin	39.5%	17.9%	13.1%	13.6%	6.9%	17.0%	16.1%	28.6%	21.1%	23.1%
Other Income	$-80.0M	$-91.0M	$-100.0M	$-88.0M	$-127.0M	$-133.0M	$-88.0M	$-56.0M	$-144.0M	$-124.0M
Interest	$86.0M	$76.0M	$100.0M	$121.0M	$144.0M	$147.0M	$128.0M	$91.0M	$203.0M	$202.0M
Depreciation	$127.0M	$78.0M	$125.0M	$170.0M	$172.0M	$192.0M	$154.0M	$150.0M	$145.0M	$146.0M
Profit Before Tax	$591.0M	$656.0M	$485.0M	$542.0M	$-280.0M	$361.0M	$540.0M	$1.0B	$897.0M	$1.1B
Tax	$29.4M	$17.5M	$27.4M	$28.8M	$7.1M	$26.6M	$30.4M	$25.7M	$30.0M	$29.3M
Net Profit	$414.0M	$540.0M	$351.0M	$385.0M	$-260.0M	$266.0M	$375.0M	$750.0M	$628.0M	$758.0M
EPS	$2.13	$2.93	$1.92	$2.09	$-1.43	$1.45	$2.04	$4.41	$3.85	$4.87
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Jun '20	Dec '20	Jun '21	Dec '21	Jun '22	Dec '22	Jun '23	Dec '23	Jun '24	Dec '24	Jun '25	Dec '25
Revenue	$873.0M	$884.0M	$943.0M	$1.4B	$1.4B	$1.7B	$2.2B	$1.9B	$2.3B	$2.6B	$2.5B	$2.7B
Operating Expenses	$867.0M	$718.0M	$796.0M	$1.0B	$1.0B	$1.3B	$1.7B	$1.5B	$1.8B	$2.1B	$1.9B	$2.1B
Operating Profit	$6.0M	$166.0M	$147.0M	$356.0M	$361.0M	$332.0M	$561.0M	$463.0M	$525.0M	$516.0M	$648.0M	$575.0M
Operating Margin	0.7%	18.8%	15.6%	25.9%	25.9%	19.9%	25.2%	23.8%	22.6%	19.8%	25.5%	21.5%
Interest	$0	$0	$0	$0	$0	$0	$0	$0	$0	$45.0M	$92.0M	$111.0M
Profit Before Tax	$-275.0M	$-5.0M	$67.0M	$294.0M	$299.0M	$241.0M	$567.0M	$443.0M	$472.0M	$425.0M	$638.0M	$441.0M
Tax	$23.6M	$-900.0M	$28.4M	$26.2M	$27.8M	$33.6M	$19.1M	$34.3M	$26.5M	$33.9M	$25.9M	$34.2M
Net Profit	$-210.0M	$-50.0M	$48.0M	$218.0M	$216.0M	$159.0M	$459.0M	$291.0M	$347.0M	$281.0M	$473.0M	$289.0M
EPS	$-1.16	$-0.28	$0.26	$1.18	$1.16	$0.88	$2.64	$1.76	$2.10	$1.74	$3.00	$1.88

Over the 10 years reported for InterContinental Hotels Group PLC, borrowings increased from $1.7B in 2016 to $4.6B in 2025, cash stood at $1.1B in the latest year, shareholders' equity was $145.0M, current assets covered current liabilities 0.98 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$2.9B	$3.0B	$3.8B	$4.0B	$5.0B	$4.7B	$4.2B	$4.8B	$4.7B	$5.3B
Current Assets	$778.0M	$863.0M	$1.4B	$935.0M	$2.2B	$2.1B	$1.7B	$2.1B	$1.9B	$2.0B
Cash	$206.0M	$168.0M	$704.0M	$195.0M	$1.6B	$1.4B	$976.0M	$1.3B	$1.0B	$1.1B
Inventory	$3.0M	$3.0M	$5.0M	$6.0M	$5.0M	$4.0M	$4.0M	$5.0M	$4.0M	$5.0M
Receivables	$0	$0	$0	$575.0M	$334.0M	$429.0M	$524.0M	$615.0M	$752.0M	$880.0M
Fixed Assets	$419.0M	$425.0M	$447.0M	$799.0M	$504.0M	$411.0M	$437.0M	$423.0M	$422.0M	$417.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$359.0M	$369.0M	$364.0M	$394.0M	$249.0M	$250.0M	$192.0M	$240.0M	$263.0M	$269.0M
Other Assets	$232.0M	$237.0M	$313.0M	$339.0M	$346.0M	$341.0M	$335.0M	$336.0M	$331.0M	$335.0M
Total Liabilities	$3.7B	$4.3B	$4.8B	$5.4B	$6.9B	$6.2B	$5.8B	$6.8B	$7.1B	$8.1B
Current Liabilities	$1.1B	$1.3B	$1.4B	$1.4B	$1.9B	$1.6B	$1.5B	$2.2B	$1.9B	$2.1B
Borrowings	$1.7B	$2.0B	$2.2B	$2.8B	$4.2B	$3.3B	$2.8B	$3.6B	$3.7B	$4.6B
Other Liabilities	$2.0B	$2.3B	$2.6B	$2.6B	$2.7B	$2.9B	$3.0B	$3.2B	$3.4B	$3.5B
Equity	$141.0M	$154.0M	$146.0M	$52.0M	$53.0M	$53.0M	$137.0M	$141.0M	$137.0M	$145.0M
Reserves	$-767.0M	$-1.3B	$-1.1B	$-1.5B	$-1.9B	$-1.5B	$-1.6B	$-1.9B	$-2.3B	$-2.7B

For InterContinental Hotels Group PLC, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $870.0M; free cash flow was positive in 10 of 10 years; financing activities used $901.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$752.0M	$634.0M	$666.0M	$653.0M	$137.0M	$636.0M	$646.0M	$893.0M	$724.0M	$898.0M
Investing Cash Flow	$-428.0M	$-536.0M	$-347.0M	$-672.0M	$-137.0M	$-64.0M	$-177.0M	$-219.0M	$-177.0M	$-218.0M
Financing Cash Flow	$-16.0M	$19.0M	$-36.0M	$-7.0M	$741.0M	$-828.0M	$-518.0M	$-821.0M	$-895.0M	$-901.0M
Net Cash Flow	$-981.0M	$-59.0M	$542.0M	$-492.0M	$1.5B	$-233.0M	$-470.0M	$357.0M	$-287.0M	$135.0M
Free Cash Flow	$540.0M	$361.0M	$508.0M	$474.0M	$61.0M	$584.0M	$547.0M	$811.0M	$646.0M	$870.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	1.25
EV / EBITDA	17.58
FCF Yield	3.22%
Quick Ratio	0.97
Interest Coverage	8.06
Return 1Y	33.71%
Return 3Y	137.11%
Return 5Y	165.29%

InterContinental Hotels Group PLC (IHG) financials — frequently asked questions

What is InterContinental Hotels Group PLC's annual revenue?

InterContinental Hotels Group PLC (IHG) reported annual revenue of $5.2B in its most recent fiscal year.

What is InterContinental Hotels Group PLC's net profit?

InterContinental Hotels Group PLC (IHG) reported net profit of $758.0M in its most recent fiscal year.

What is IHG EV/EBITDA?

InterContinental Hotels Group PLC's enterprise value to EBITDA (EV/EBITDA) ratio is 17.58.

Related stock screens

High ROE Consumer Cyclical Stocks Low P/E Consumer Cyclical Stocks High Net Margin Consumer Cyclical Stocks Dividend Consumer Cyclical Stocks Low Debt Consumer Cyclical Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks NYSE High ROE Stocks All stock screens

IHG Overview IHG Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.