H World Group Ltd HTHT
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.23
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.62B | $3.27B | $3.08B | $2.01B | $2.01B | $1.56B | $1.61B | $1.46B | $1.26B | $941.8M |
| SG&A | $321.0M | $344.0M | $294.0M | $243.0M | $242.0M | $193.0M | $152.0M | $124.0M | $106.2M | $70.9M |
| Total operating expenses | $2.71B | $2.61B | $2.48B | $2.13B | $2.13B | $1.83B | $1.33B | $1.16B | $1.05B | $813.8M |
| Operating income | $975.0M | $713.0M | $662.0M | -$43.0M | $26.0M | -$257.0M | $304.0M | $341.0M | $220.9M | $125.4M |
| Interest expense | $48.0M | $44.0M | $54.0M | $59.0M | $64.0M | $82.0M | $45.0M | $35.0M | $13.4M | $1.6M |
| Pre-tax income | $1.04B | $659.0M | $752.0M | -$233.0M | -$64.0M | -$350.0M | $369.0M | $203.0M | $247.2M | $155.2M |
| Income tax | $309.0M | $228.0M | $168.0M | $30.0M | $2.0M | $33.0M | $92.0M | $83.0M | $55.3M | $41.4M |
| Net income | $726.0M | $418.0M | $575.0M | -$264.0M | -$73.0M | -$336.0M | $254.0M | $104.0M | $190.2M | $115.9M |
| EPS, basic | 0.24 | 0.13 | 0.18 | -0.08 | -0.02 | -1.15 | 0.89 | 0.37 | 0.68 | 0.42 |
| EPS, diluted | 0.23 | 0.13 | 0.18 | -0.08 | -0.02 | -1.15 | 0.85 | 0.36 | 0.65 | 0.41 |
| Shares, diluted (wtd. avg.) | $3.25B | $3.28B | $3.35B | $3.11B | $3.11B | $2.93B | $3.04B | $303.6M | $293.1M | $282.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.49B | $1.08B | $1.06B | $716.0M | $745.0M | $1.11B | $2.15B | $702.0M | $575.0M | $497.2M |
| Short-term investments | $700.0M | $494.0M | $308.0M | — | — | — | — | — | $20.0M | — |
| Receivables | $104.0M | $112.0M | $106.0M | $161.0M | $82.0M | $62.0M | $31.0M | $28.0M | $25.0M | $20.4M |
| Inventory | $8.0M | $8.0M | $8.0M | $10.0M | $14.0M | $14.0M | $8.0M | $6.0M | $3.7M | $3.1M |
| Total current assets | $2.49B | $1.81B | $1.70B | $1.33B | $1.50B | $1.98B | $2.62B | $1.01B | $885.5M | $601.3M |
| Property, plant and equipment | $748.0M | $778.0M | $859.0M | $984.0M | $1.11B | $1.02B | $841.0M | $730.0M | $695.2M | $534.4M |
| Goodwill | $776.0M | $715.0M | $749.0M | $753.0M | $805.0M | $764.0M | $382.0M | $383.0M | $348.1M | $24.7M |
| Other intangibles | $719.0M | $654.0M | $744.0M | $765.0M | $845.0M | $911.0M | $239.0M | $267.0M | $252.7M | $49.4M |
| Total assets | $9.26B | $8.57B | $8.95B | $8.92B | $9.93B | $9.98B | $7.61B | $3.49B | $2.68B | $1.44B |
| Accounts payable | $146.0M | $135.0M | $143.0M | $170.0M | $152.0M | $190.0M | $169.0M | $129.0M | $117.8M | $84.2M |
| Short-term debt | $763.0M | $120.0M | $570.0M | $477.0M | $978.0M | $175.0M | $1.22B | $138.0M | $20.1M | $43.0M |
| Total current liabilities | $2.73B | $1.82B | $2.45B | $1.91B | $2.40B | $1.61B | $2.48B | $868.0M | $565.1M | $427.2M |
| Long-term debt | $68.0M | $623.0M | $179.0M | $962.0M | $559.0M | $1.66B | $1.16B | $1.28B | $756.5M | — |
| Total liabilities | $7.41B | $6.89B | $7.22B | $7.64B | $8.20B | $8.23B | $6.53B | $2.57B | $1.68B | $659.3M |
| Retained earnings | $517.0M | $336.0M | $112.0M | -$174.0M | $163.0M | $230.0M | $532.0M | $380.0M | $423.2M | $261.0M |
| Total equity | $1.83B | $1.67B | $1.71B | $1.27B | $1.72B | $1.74B | $1.06B | $898.0M | $989.6M | $777.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.20B | $1.03B | $1.08B | $227.0M | $210.0M | $93.0M | $473.0M | $444.0M | $377.0M | $294.9M |
| Depreciation and amortisation | $180.0M | $183.0M | $199.0M | $211.0M | $236.0M | $208.0M | $142.0M | $130.0M | $121.3M | $100.1M |
| Stock-based compensation | $60.0M | $44.0M | $20.0M | $13.0M | $17.0M | $19.0M | $15.0M | $12.0M | $10.2M | $8.0M |
| Investing cash flow | -$149.0M | -$307.0M | -$207.0M | -$76.0M | -$219.0M | -$1.24B | -$41.0M | -$923.0M | -$1.03B | $26.5M |
| Financing cash flow | -$616.0M | -$754.0M | -$523.0M | -$201.0M | -$283.0M | $134.0M | $868.0M | $618.0M | $697.2M | -$35.7M |
| Dividends paid | $559.0M | $477.0M | — | $60.0M | — | $104.0M | $95.0M | — | $47.1M | $39.8M |
| Buybacks | $112.0M | $161.0M | $119.0M | $48.0M | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-048058.
Others in SIC 7011
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MAR | MARRIOTT INTERNATIONAL INC /MD/ | $87.75B | 35.4x | 4.3% |
| HLT | Hilton Worldwide Holdings Inc. | $70.04B | 50.8x | 7.7% |
| LVS | LAS VEGAS SANDS CORP | $28.74B | 18.9x | 15.2% |
| H | Hyatt Hotels Corp | $15.64B | — | 6.8% |
| MGM | MGM Resorts International | $10.37B | 54.2x | 1.7% |
| WYNN | WYNN RESORTS LTD | $9.43B | 29.2x | 0.1% |
| CZR | Caesars Entertainment, Inc. | $6.05B | — | 2.1% |
| BYD | BOYD GAMING CORP | $5.67B | 3.5x | 4.1% |