CHH vs IHG: Choice Hotels International and InterContinental Hotels Group PLC ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- InterContinental Hotels Group PLC ADR is the larger company, worth $23.9B, about 5.0 times Choice Hotels International.
- InterContinental Hotels Group PLC ADR grew revenue faster over the last year (+5.4% vs +3.4%).
- Choice Hotels International keeps more of each dollar of revenue as operating profit (25.2% vs 23.1%).
- On earnings, Choice Hotels International is the cheaper stock (14.3x vs 33.0x).
- Choice Hotels International's price assumes faster free cash flow growth: about 10% a year, against 9% for InterContinental Hotels Group PLC ADR (reverse DCF).
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 | IHG |
|---|---|---|
| Market cap | $4.8B | $23.9B |
| Share price | $105.64 | $160.68 |
| Revenue (last fiscal year) | $1.6B | $5.2B |
| Free cash flow (last fiscal year) | $164M | $870M |
| Revenue growth, last year | +3.4% | +5.4% |
| Revenue growth per year, last 5 fiscal years | +10.6% | +15.6% |
| Operating margin | 25.2% | 23.1% |
| Net margin | 20.3% | 14.6% |
| Return on equity | 230.9% | — |
| P/E (trailing) | 14.3x | 33.0x |
| Price / free cash flow | 38.5x | 27.4x |
| EV / EBITDA | 12.1x | 20.5x |
| FCF growth the price implies | 10.0% | 9.1% |
| Dividend yield | 1.1% | 1.1% |
| Debt / equity | 20.0x | — |
| Fundamental grade | C | C |
| Superinvestors holding it | 4 | 0 |
| 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% |
InterContinental Hotels Group PLC ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.9B | $584M | 17.0% |
| 2022 | $3.9B | $547M | 16.1% |
| 2023 | $4.6B | $811M | 23.1% |
| 2024 | $4.9B | $646M | 21.1% |
| 2025 | $5.2B | $870M | 23.1% |
Where the revenue comes from
Choice Hotels International · by products, 2025
InterContinental Hotels Group PLC ADR · by segments, 2025
Questions
Which is bigger, Choice Hotels International or InterContinental Hotels Group PLC ADR?
InterContinental Hotels Group PLC ADR (IHG), at $23.9B against $4.8B.
Is CHH or IHG cheaper?
By trailing P/E, Choice Hotels International (14.3x) is cheaper than InterContinental Hotels Group PLC ADR (33.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, CHH or IHG?
InterContinental Hotels Group PLC ADR: revenue grew +5.4% 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.