H vs IHG: Hyatt Hotels 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 1.6 times Hyatt Hotels.
- InterContinental Hotels Group PLC ADR grew revenue faster over the last year (+5.4% vs +1.2%).
- Hyatt Hotels's price assumes faster free cash flow growth: about 26% 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 | H | IHG |
|---|---|---|
| Market cap | $15.0B | $23.9B |
| Share price | $161.94 | $160.68 |
| Revenue (last fiscal year) | $7.1B | $5.2B |
| Free cash flow (last fiscal year) | $159M | $870M |
| Revenue growth, last year | +1.2% | +5.4% |
| Revenue growth per year, last 5 fiscal years | +23.7% | +15.6% |
| Operating margin | — | 23.1% |
| Net margin | 1.1% | 14.6% |
| Return on equity | 2.4% | — |
| P/E (trailing) | — | 33.0x |
| Price / free cash flow | 94.3x | 27.4x |
| EV / EBITDA | 22.6x | 20.5x |
| FCF growth the price implies | 25.6% | 9.1% |
| Dividend yield | 0.36% | 1.1% |
| Debt / equity | 3.13x | — |
| Fundamental grade | F | C |
| Superinvestors holding it | 5 | 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.
Hyatt Hotels
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.0B | $204M | — |
| 2022 | $5.9B | $473M | — |
| 2023 | $6.7B | $602M | — |
| 2024 | $6.6B | $463M | — |
| 2025 | $7.1B | $159M | — |
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
Hyatt Hotels · by segments, 2025
Management and franchising$4.8B67%
Owned and leased$1.4B19%
Distribution$946M13%
InterContinental Hotels Group PLC ADR · by segments, 2025
Americas$1.1B46%
EMEAA$811M33%
Central$363M15%
Greater China$165M7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open H in InvestinglyQuestions
Which is bigger, Hyatt Hotels or InterContinental Hotels Group PLC ADR?
InterContinental Hotels Group PLC ADR (IHG), at $23.9B against $15.0B.
Which grows faster, H or IHG?
InterContinental Hotels Group PLC ADR: revenue grew +5.4% over the last year, against +1.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.