CHH vs HTHT: Choice Hotels International and Huazhu Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Huazhu Group is the larger company, worth $13.4B, about 2.8 times Choice Hotels International.
- Huazhu Group grew revenue faster over the last year (+5.9% vs +3.4%).
- Huazhu Group keeps more of each dollar of revenue as operating profit (26.9% vs 25.2%).
- On earnings, Choice Hotels International is the cheaper stock (14.3x vs 18.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CHH | HTHT |
|---|---|---|
| Market cap | $4.8B | $13.4B |
| Share price | $105.64 | $44.16 |
| Revenue (last fiscal year) | $1.6B | $25.3B |
| Free cash flow (last fiscal year) | $164M | — |
| Revenue growth, last year | +3.4% | +5.9% |
| Revenue growth per year, last 5 fiscal years | +10.6% | +18.6% |
| Operating margin | 25.2% | 26.9% |
| Net margin | 20.3% | 20.1% |
| Return on equity | 230.9% | 58.2% |
| P/E (trailing) | 14.3x | 18.8x |
| Price / free cash flow | 38.5x | 1.83x |
| EV / EBITDA | 12.1x | 13.0x |
| FCF growth the price implies | 10.0% | — |
| Dividend yield | 1.1% | 4.8% |
| Debt / equity | 20.0x | 6.04x |
| Fundamental grade | C | B |
| Superinvestors holding it | 4 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Choice Hotels International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.1B | — | 40.1% |
| 2022 | $1.4B | $301M | 34.1% |
| 2023 | $1.5B | $228M | 24.3% |
| 2024 | $1.6B | $213M | 29.3% |
| 2025 | $1.6B | $164M | 28.1% |
Huazhu Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.8B | — | 1.3% |
| 2022 | $13.9B | — | -2.1% |
| 2023 | $21.9B | — | 21.5% |
| 2024 | $23.9B | — | 21.8% |
| 2025 | $25.3B | — | 26.9% |
Where the revenue comes from
Choice Hotels International · by products, 2025
Franchise and management fees$673M42%
Revenue for reimbursable costs from franchised and managed properties$616M39%
Owned hotels$121M8%
Partnership services and fees$114M7%
Other$72M5%
Huazhu Group · by segments, 2025
Legacy Huazhu$20.5B81%
Legacy DH$4.8B19%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CHH in InvestinglyQuestions
Which is bigger, Choice Hotels International or Huazhu Group?
Huazhu Group (HTHT), at $13.4B against $4.8B.
Is CHH or HTHT cheaper?
By trailing P/E, Choice Hotels International (14.3x) is cheaper than Huazhu Group (18.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, CHH or HTHT?
Huazhu Group: revenue grew +5.9% over the last year, against +3.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.