# InterContinental Hotels Group share price today (InterContinental Hotels Group PLC, IHG)

> InterContinental Hotels Group PLC's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. IHG · Consumer Discretionary · Lodging · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ihg

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $170.20 (+40.1% in a year)
- P/E: 35.9×, over 8.3 years
- Revenue (Jun 2026): $2.7 B (+5.6% on a year ago)
- Profit (Jun 2026): $425 M (−9.4% on a year ago)
- Operating margin: 25.1% (+0.5 points on a year ago)
- ROE: −28%, FY25
- ROIC: 36.8%, against a 8.9% cost of capital: +27.9 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the InterContinental Hotels Group share price today? InterContinental Hotels Group PLC's share price was $170.20 at the close on 3 November 2026. It has been rising for 66 weeks. That is 11.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between $129 and $173, and at that close it sat 94% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 4 weeks in a row. Over the last 10 years the share price moved +316% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does InterContinental Hotels Group pay? InterContinental Hotels Group PLC paid $3.63 per share over the last four reported quarters. The most recent declaration was $0.65 for Jun 2026. At today's price of $170.20 that is a yield of 2.13%, based on dividends already paid, not a forecast. ## Which stock lists is InterContinental Hotels Group on? InterContinental Hotels Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is InterContinental Hotels Group profitable? InterContinental Hotels Group PLC earned $425 M of net profit in the Jun 2026 quarter, −9.4% on the same quarter a year earlier. Full-year FY25 profit was $758 M. Over 4 years profit has grown 29.9% a year on average. That is 16.0% of the quarter's revenue. The same quarter a year earlier earned $347 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $758 M (+20.7% on the year before). Why profit moved: revenue changed +5.6% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +6.3% and revenue +6.3%. Profit and revenue are moving at about the same pace. ## How much revenue does InterContinental Hotels Group make, and is it growing? InterContinental Hotels Group PLC reported $2.7 B of revenue in the Jun 2026 quarter, +5.6% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 4 years it has grown 22.3% a year on average. The last full year, FY25, came in at $5.2 B. FY25 revenue was $5.2 B, +5.4% on the year before. Recent pace: the last four quarters grew +6.3% on average, against 22.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +21.3%, against +46.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +16.6%, against +84.1% a year (rolling over). ## How much of every $100 of sales does InterContinental Hotels Group keep? InterContinental Hotels Group PLC's operating margin was 25.1% in the Jun 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +2.6 percentage points. Across 5 years it has been between 18.0% and 23.4%. The latest quarter is above every full year in that period. Across 5 years it has been between 18.0% and 23.4%, and FY25's 23.4% is the highest of them. Why the margin moved: operating margin changed +2.6 percentage points on the year while gross margin changed +2.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is InterContinental Hotels Group's profit turning into cash? Over the last 3 years, 118% of InterContinental Hotels Group PLC's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $898 M of operating cash against $758 M of profit. After $28.0 M of spending on assets, $870 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does InterContinental Hotels Group's cash go? InterContinental Hotels Group PLC does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $85.0 M on assets over the last 3 years. Averaged over those years that is 0.5% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $85.0 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is InterContinental Hotels Group's P/E ratio, and how does it compare with its own history? InterContinental Hotels Group PLC's P/E is 35.9×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +26.3% while the price moved +40.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +18.5% a year; about +253.7% a year came from earnings growth and about −235.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the InterContinental Hotels Group business getting better or worse? InterContinental Hotels Group PLC's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +77.3% at its peak to +21.3%, but the business is still expanding. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does InterContinental Hotels Group earn on its capital? InterContinental Hotels Group PLC earned a ROE of −28% in FY25. That is up from a low of −39% in FY23. Its return on capital used (ROIC) is 27.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.6% net margin and 0.97× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 14.6% net margin × 0.97× asset turnover × −1.95× leverage (assets divided by equity) ≈ −27.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 36.8% − 8.9% = +27.9 percentage points. The 8.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 36.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 28.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does InterContinental Hotels Group have too much debt? InterContinental Hotels Group PLC's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −2.26 in FY21 to −1.69 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the InterContinental Hotels Group shareholding pattern? We have no ownership or short-position figures for InterContinental Hotels Group PLC, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 1.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is InterContinental Hotels Group from balance-sheet trouble? For InterContinental Hotels Group PLC, the Z-score is 2.91. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.91 is in the grey area, neither clearly safe nor clearly in trouble. ## How does InterContinental Hotels Group rank in its industry? 60.7 out of 100, rank 2 of 7 in Lodging, with 51% of the evidence available. InterContinental Hotels Group PLC scores 60.7 out of 100 against the 7 companies it is compared with in Lodging, ranking 2. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 20.5 + 20.6 + 10 + 9.6 = 60.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is InterContinental Hotels Group compared with? InterContinental Hotels Group ranks 2 of 7 Lodging companies on the 4-Factor Sector Score, with 60.7 out of 100. 1. [Hilton Worldwide Holdings Inc.](https://www.sectoralpha.in/us/stocks/hlt) HLT · turning · Most evidence points up · 81% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 8.7% · Profit -0.4% · Operating margin change 0.9 points · 83% evidence Capital efficiency 19.8/25 · ROCE 24.4% · Operating margin 25.6% · 76% evidence Valuation 12.5/20 · P/E 47.5× · PEG 0.76 · 65% evidence Relative strength 13.5/20 · Lead over its industry 5% · Lead over S&P 500 10.1% · 1 year 33.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.6 + 19.8 + 12.5 + 13.5 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. InterContinental Hotels Group PLC this page IHG · turning · Too little evidence to rank firmly · 51% evidence 60.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue n/a · Profit n/a · Operating margin change 0.5 points · 26% evidence Capital efficiency 20.6/25 · ROCE 52.5% · Operating margin 25.1% · 76% evidence Valuation 10.0/20 · P/E 35.8× · PEG n/a · 15% evidence Relative strength 9.6/20 · Lead over its industry 3.3% · Lead over S&P 500 8.5% · 1 year 30.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.5 + 20.6 + 10 + 9.6 = 60.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Civeo Corporation](https://www.sectoralpha.in/us/stocks/cveo) CVEO · turning · Evidence leans up · 64% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 8% · Profit n/a · Operating margin change 1.1 points · 62% evidence Capital efficiency 3.0/25 · ROCE 3.7% · Operating margin 2.8% · 76% evidence Valuation 11.5/20 · P/E 10.4× · PEG n/a · 15% evidence Relative strength 17.9/20 · Lead over its industry 13.7% · Lead over S&P 500 19.4% · 1 year 66.9% · 100% evidence · 3 of 12 weeks ahead Exact sum: 22.3 + 3 + 11.5 + 17.9 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Marriott International, Inc.](https://www.sectoralpha.in/us/stocks/mar) MAR · turning · Evidence leans up · 81% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 4.7% · Profit 4.9% · Operating margin change 0.2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 21.4% · Operating margin 18.6% · 76% evidence Valuation 4.5/20 · P/E 37.8× · PEG 4.24 · 65% evidence Relative strength 15.7/20 · Lead over its industry 8.8% · Lead over S&P 500 14.1% · 1 year 43% · 100% evidence · 2 of 12 weeks ahead Exact sum: 14.1 + 17 + 4.5 + 15.7 = 51.3 · What this means: Relative strength against the index is 14.1%, and revenue and profit growth are weak. 5. [Choice Hotels International, Inc.](https://www.sectoralpha.in/us/stocks/chh) CHH · turning · Evidence leans down · 81% evidence 45.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue 2.7% · Profit 6.9% · Operating margin change -5.6 points · 83% evidence Capital efficiency 14.8/25 · ROCE 16.4% · Operating margin 23.7% · 76% evidence Valuation 10.0/20 · P/E 15.2× · PEG 1.7 · 65% evidence Relative strength 13.1/20 · Lead over its industry 3% · Lead over S&P 500 7.8% · 1 year 20.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 7.8 + 14.8 + 10 + 13.1 = 45.7 · What this means: Relative strength against the index is 7.8%, and revenue and profit growth are weak. 6. [Hyatt Hotels Corporation](https://www.sectoralpha.in/us/stocks/h) H · turning · Evidence leans down · 74% evidence 38.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 5.8% · Profit -81.7% · Operating margin change -0.3 points · 62% evidence Capital efficiency 5.8/25 · ROCE 4.9% · Operating margin 7.4% · 76% evidence Valuation 12.0/20 · P/E 231× · PEG 0.76 · 65% evidence Relative strength 4.8/20 · Lead over its industry 0% · Lead over S&P 500 4.8% · 1 year 19.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.1 + 5.8 + 12 + 4.8 = 38.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Wyndham Hotels & Resorts, Inc.](https://www.sectoralpha.in/us/stocks/wh) WH · turning · Evidence leans down · 85% evidence 38.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.7/35 · Revenue 0.7% · Profit -40.2% · Operating margin change -5 points · 95% evidence Capital efficiency 12.9/25 · ROCE 13.6% · Operating margin 42.4% · 76% evidence Valuation 15.5/20 · P/E 26.4× · PEG 0.48 · 65% evidence Relative strength 5.1/20 · Lead over its industry -7.1% · Lead over S&P 500 -2.9% · 1 year 7.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 4.7 + 12.9 + 15.5 + 5.1 = 38.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Lodging](https://www.sectoralpha.in/us/sectors/lodging), all 7 compared on one page. ## Which companies are close to InterContinental Hotels Group in size? InterContinental Hotels Group is the 3rd largest of 9 Lodging companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Marriott International, Inc. and Hilton Worldwide Holdings Inc. Just below it: Hyatt Hotels Corporation, H World Group, Wyndham Hotels & Resorts, Inc. and Choice Hotels International, Inc. ### Lodging companies close in size

1. [Marriott International, Inc.](https://www.sectoralpha.in/us/stocks/mar) $108.6 billion
2. [Hilton Worldwide Holdings Inc.](https://www.sectoralpha.in/us/stocks/hlt) $81 billion
3. InterContinental Hotels Group PLC $25.1 billion
4. [Hyatt Hotels Corporation](https://www.sectoralpha.in/us/stocks/h) $17.3 billion
5. [H World Group Limited](https://www.sectoralpha.in/us/stocks/htht) $15 billion
6. [Wyndham Hotels & Resorts, Inc.](https://www.sectoralpha.in/us/stocks/wh) $5.8 billion
7. [Choice Hotels International, Inc.](https://www.sectoralpha.in/us/stocks/chh) $5.3 billion

[All 9 Lodging companies, largest first](https://www.sectoralpha.in/us/sectors/lodging#all-companies)

### Companies close in size in other industries

1. [United Therapeutics Corporation](https://www.sectoralpha.in/us/stocks/uthr) $25.6 billion · Drug Manufacturers - Specialty & Generic
2. [Baidu, Inc.](https://www.sectoralpha.in/us/stocks/bidu) $25.4 billion · Internet Content & Information
3. InterContinental Hotels Group PLC $25.3 billion
4. [Restaurant Brands International Inc.](https://www.sectoralpha.in/us/stocks/qsr) $25.2 billion · Restaurants
5. [Darden Restaurants, Inc.](https://www.sectoralpha.in/us/stocks/dri) $25.2 billion · Restaurants

## What else do people ask about InterContinental Hotels Group? ### What were InterContinental Hotels Group's latest quarterly results? InterContinental Hotels Group PLC reported revenue of $2.7 B and net profit of $425 M for the Jun 2026 quarter. Revenue rose 5.6% and profit fell 9.4% compared with a year earlier. Earnings per share were $2.81. The operating margin was 25.1%, 0.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is InterContinental Hotels Group's market cap? InterContinental Hotels Group PLC's market capitalisation is $25.1 B at a stock price of $170.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is InterContinental Hotels Group performing? InterContinental Hotels Group PLC's share price has been rising for 66 weeks. In its latest quarter, revenue rose 5.6% and profit fell 9.4% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 4 weeks running (as of 3 November 2026). ### Will InterContinental Hotels Group's stock price go up? This page does not forecast InterContinental Hotels Group PLC's stock price. What it shows instead: the stock price is $170.20, and it has been rising for 66 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is InterContinental Hotels Group in its business cycle? InterContinental Hotels Group PLC's FY25 operating margin was 23.4%, against a 5-year range of 18.0% to 23.4%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 25.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the InterContinental Hotels Group story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is InterContinental Hotels Group a stock worth studying right now? What the numbers show: InterContinental Hotels Group PLC's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.