InterContinental Hotels Group PLC

IHGNYSEConsumer Cyclical● Active

$163.83

+$1.68(+1.03%)

Market Cap$24.3B

P/E Ratio—

52W High$164.4

52W Low$109.79

Avg Volume227K

Open$162.15

Beta1.04

Free Cash Flow Financials Revenue

InterContinental Hotels Group PLC (IHG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

IHG · free cash flow · updated Jun 8, 2026

Core FCF metrics

IHG · FCF · TTM · margin & CAGR

Free cash flow was $870.0M for FY2025 (fiscal year ending 2025-12-31), up 34.7% year-over-year The FCF margin was 16.8%. Five-year CAGR stands at +70.2%.

FY2025 Free Cash Flow$870.0M▲ +34.7% YoY

Trailing 12M (TTM)$1.56Btrailing 4 quarters sum

FCF Margin16.8%$870.0M ÷ revenue

3-Year CAGR+16.7%FY2022 → FY2025

5-Year CAGR+70.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

IHG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$898.0M(28M)$870.0M▲ +34.7%16.8%

FY2024$724.0M(78M)$646.0M▼ 20.3%13.1%

FY2023$893.0M(82M)$811.0M▲ +48.3%21.8%

FY2022$646.0M(99M)$547.0M▼ 6.3%14.1%

FY2021$636.0M(52M)$584.0M▲ +857.4%20.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

IHG · P/FCF · FCF yield · FCF per share

InterContinental Hotels Group PLC (IHG) trades at a FCF yield of 3.26% and a price-to-free-cash-flow ratio of 16.3x. FCF per share stands at $10.02, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.26%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.02

TTM FCF ÷ Shares Outstanding

Price / FCF

x16.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x35.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

IHG · cash flow statement · operating / investing / financing

For FY2025, InterContinental Hotels Group PLC generated $898.0M in operating cash flow and spent 28M in capital expenditures, yielding $870.0M in free cash flow.

Operating Activities

+$898.0M

Cash from core business operations

2025-12-31

Investing Activities

−$190.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$614.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($898.0M) − |CapEx| (28M) = FCF ($870.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

IHG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

InterContinental Hotels Group PLCYOU

IHG

$870.0M+34.7%16.8%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

InterContinental Hotels Group PLC (IHG) reported free cash flow of $870.0M for FY2025 (fiscal year ending 2025-12-31), up 34.7% year-over-year. The FCF margin was 16.8%.

Based on available data, InterContinental Hotels Group PLC has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $870.0M in FY2025. The 5-year CAGR stands at +70.2%.

InterContinental Hotels Group PLC's FCF yield is 3.26% and price-to-FCF ratio is 16.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

IHG free cash flow · 8 questions

InterContinental Hotels Group PLC free cash flow was $870.0M for FY2025, up 34.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.56B.

IHG free cash flowIHG FCFIHG FCF 2025IHG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · InterContinental Hotels Group PLC · InterContinental Hotels Group PLC SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026