InterContinental Hotels Group PLC ADR (IHG) financial statements
InterContinental Hotels Group PLC ADR reported revenue of $5.2B in fiscal 2025, up 13.1% a year over 9 years.
Net income was $758M and the operating margin 23.1%, against 41.5% in 2016.
Free cash flow was $870M, and the company returned $270M in dividends and $897M in net buybacks.
The diluted share count fell 27% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from InterContinental Hotels Group PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $4.3B | $4.6B | $2.4B | $2.9B | $3.9B | $4.6B | $4.9B | $5.2B |
| Cost of revenue | $548M | $554M | $671M | $782M | $354M | $486M | $648M | $742M | $745M | $764M |
| Gross profit | $1.2B | $1.2B | $3.7B | $3.8B | $2.0B | $2.4B | $3.2B | $3.9B | $4.2B | $4.4B |
| Selling, general and admin | $352M | $355M | $415M | $385M | $267M | $292M | $353M | $338M | $359M | $354M |
| Operating income | $712M | $744M | $582M | $630M | -$153M | $494M | $628M | $1.1B | $1.0B | $1.2B |
| Interest expense | $86M | $95M | $101M | $121M | $144M | $147M | $118M | $126M | $178M | $202M |
| Pre-tax income | $632M | $653M | $482M | $542M | -$280M | $361M | $540M | $1.0B | $897M | $1.1B |
| Income tax | $173M | $118M | $132M | $156M | -$20M | $96M | $164M | $260M | $269M | $315M |
| Net income | $456M | $534M | $349M | $385M | -$260M | $266M | $375M | $750M | $628M | $758M |
| EPS (diluted) | $2.13 | $2.75 | $1.82 | $2.09 | -$1.43 | $1.45 | $2.06 | $4.41 | $3.85 | $4.87 |
| Diluted shares | 214M | 194M | 192M | 184M | 182M | 184M | 182M | 170M | 163M | 156M |
| Gross margin | 68.0% | 68.9% | 84.5% | 83.1% | 85.2% | 83.3% | 83.4% | 84.0% | 84.9% | 85.3% |
| Operating margin | 41.5% | 41.7% | 13.4% | 13.6% | -6.4% | 17.0% | 16.1% | 23.1% | 21.1% | 23.1% |
| Net margin | 26.6% | 29.9% | 8.0% | 8.3% | -10.9% | 9.2% | 9.6% | 16.2% | 12.8% | 14.6% |
Balance sheet
Fiscal years, from InterContinental Hotels Group PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $206M | $168M | $704M | $195M | $1.7B | $1.4B | $976M | $1.3B | $1.0B | $1.1B |
| Receivables | $469M | $549M | $610M | $666M | $514M | $574M | $646M | $740M | $785M | $833M |
| Inventory | $3M | $3M | $5M | $6M | $5M | $4M | $4M | $5M | $4M | $5M |
| Total current assets | $796M | $861M | $1.4B | $916M | $2.2B | $2.1B | $1.7B | $2.1B | $1.9B | $2.0B |
| Property, plant and equipment | $419M | $250M | $273M | $309M | $201M | $137M | $157M | $153M | $146M | $148M |
| Goodwill | $232M | $237M | $313M | $339M | — | $341M | $335M | $336M | $331M | $335M |
| Total assets | $2.8B | $3.3B | $4.3B | $4.2B | $5.0B | $4.7B | $4.2B | $4.8B | $4.7B | $5.3B |
| Total current liabilities | $1.1B | $1.3B | $1.4B | $1.4B | $1.9B | $1.6B | $1.5B | $2.2B | $1.9B | $2.1B |
| Long-term debt | $1.6B | $1.7B | $1.9B | $2.1B | $2.9B | $2.6B | $2.3B | $2.6B | $2.9B | $3.7B |
| Total liabilities | $3.9B | $4.7B | $5.4B | $5.7B | $6.9B | $6.2B | $5.8B | $6.8B | $7.1B | $8.1B |
| Shareholders' equity | -$1.2B | -$1.4B | -$1.1B | -$1.5B | -$1.9B | -$1.5B | -$1.6B | -$1.9B | -$2.3B | -$2.7B |
| Net debt | $1.5B | $1.6B | $1.3B | $2.0B | $2.1B | $1.4B | $1.4B | $1.8B | $2.3B | $3.1B |
Cash flow
Fiscal years, from InterContinental Hotels Group PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $710M | $616M | $709M | $653M | $137M | $636M | $646M | $893M | $724M | $898M |
| Capital spending | $162M | $216M | $158M | $179M | $76M | $52M | $99M | $82M | $78M | $28M |
| Free cash flow | $548M | $400M | $551M | $474M | $61M | $584M | $547M | $811M | $646M | $870M |
| Stock-based compensation | $23M | $27M | $38M | $30M | $21M | $28M | $30M | $36M | $44M | $47M |
| Dividends paid | $1.7B | $593M | $199M | $721M | — | — | $233M | $245M | $259M | $270M |
| Share buybacks (net) | -$10M | -$3M | -$3M | -$5M | — | — | -$482M | -$790M | -$804M | -$897M |
| Net borrowing | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Free cash flow margin | 32.0% | 22.4% | 12.7% | 10.2% | 2.5% | 20.1% | 14.1% | 17.5% | 13.1% | 16.8% |
| Dividends per share | $7.91 | $3.06 | $1.04 | $3.92 | — | — | $1.28 | $1.44 | $1.59 | $1.73 |
Questions
What was InterContinental Hotels Group PLC ADR's revenue in 2025?
$5.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does InterContinental Hotels Group PLC ADR generate?
$870M in fiscal 2025 (operating cash flow minus capital spending).
From InterContinental Hotels Group PLC ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.