IHG vs MAR: InterContinental Hotels Group PLC ADR and Marriott International compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Marriott International is the larger company, worth $102.1B, about 4.3 times InterContinental Hotels Group PLC ADR.
- InterContinental Hotels Group PLC ADR grew revenue faster over the last year (+5.4% vs +4.8%).
- InterContinental Hotels Group PLC ADR keeps more of each dollar of revenue as operating profit (23.1% vs 15.8%).
- On earnings, InterContinental Hotels Group PLC ADR is the cheaper stock (33.0x vs 40.5x).
- Marriott International's price assumes faster free cash flow growth: about 14% 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 | IHG | MAR |
|---|---|---|
| Market cap | $23.9B | $102.1B |
| Share price | $160.68 | $365.88 |
| Revenue (last fiscal year) | $5.2B | $26.2B |
| Free cash flow (last fiscal year) | $870M | $2.6B |
| Revenue growth, last year | +5.4% | +4.8% |
| Revenue growth per year, last 5 fiscal years | +15.6% | +17.2% |
| Operating margin | 23.1% | 15.8% |
| Net margin | 14.6% | 9.6% |
| Return on equity | — | — |
| P/E (trailing) | 33.0x | 40.5x |
| Price / free cash flow | 27.4x | 39.1x |
| EV / EBITDA | 20.5x | 23.7x |
| FCF growth the price implies | 9.1% | 13.8% |
| Dividend yield | 1.1% | 0.69% |
| Debt / equity | — | — |
| Fundamental grade | C | D |
| Superinvestors holding it | 0 | 10 |
| Insider purchases, last 12 months | 0 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
Marriott International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.9B | $994M | 12.6% |
| 2022 | $20.8B | $2.0B | 16.7% |
| 2023 | $23.7B | $2.7B | 16.3% |
| 2024 | $25.1B | $2.0B | 15.0% |
| 2025 | $26.2B | $2.6B | 15.8% |
Where the revenue comes from
InterContinental Hotels Group PLC ADR · by segments, 2025
Americas$1.1B46%
EMEAA$811M33%
Central$363M15%
Greater China$165M7%
Marriott International · by segments, 2025
U.S. & Canada$19.3B83%
EMEA$2.4B10%
APEC$1.1B5%
Greater China$590M3%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open IHG in InvestinglyQuestions
Which is bigger, InterContinental Hotels Group PLC ADR or Marriott International?
Marriott International (MAR), at $102.1B against $23.9B.
Is IHG or MAR cheaper?
By trailing P/E, InterContinental Hotels Group PLC ADR (33.0x) is cheaper than Marriott International (40.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, IHG or MAR?
InterContinental Hotels Group PLC ADR: revenue grew +5.4% over the last year, against +4.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.