H World Group Limited

H World Group Limited

HTHT
H World Group LimitedUS flagNASDAQ Global Select
44.33
USD
-0.04
- -
13.62BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
17
19.94
23.05
23.89
29.47
35.72
39.44
34.83
41.05
44.56
68.74
76.69
82.41
84.32
Basic EPS, GAAP
1.14
1.23
1.74
2.84
4.4
2.54
6.22
-7.49
-1.49
-5.85
12.83
9.78
16.54
16.28
Free Cash Flow per Basic Share
-0.03
2.06
4.44
5.63
5.82
6.58
6.18
-3.99
-1.07
1.64
21.28
21.25
24.56
26.14
Dividend per Share
- -
- -
- -
1
1.1
- -
2.31
2.32
- -
1.34
- -
11.17
12.72
12.72
Book Value per Share
2.2
3.4
4.02
6.59
9
9.26
13.02
5.13
3.33
-3.86
2.49
7.86
11.77
5.45
Tangible Book Value per Share
10.85
12.25
12.72
17.82
8.33
5.8
10.43
0.98
1.03
-6.01
4.62
6.74
7.64
2.32
Basic Weighted Avg Shares
245
249
251
275
279
282
284
293
311
311
318
312
307
307
Sales/Revenue/Turnover
4,169
4,965
5,775
6,573
8,229
10,063
11,212
10,196
12,785
13,862
21,882
23,891
25,307
25,908
Operating Margin (%)
9.13
7.84
10.41
12.79
17.33
23.29
18.8
-12.25
1.28
-2.12
21.56
21.77
26.95
27.89
Depreciation Expense
463
571
661
695
789
891
991
1,362
1,503
1,456
1,414
1,332
1,257
1,230
Net Income, GAAP
280
307
437
782
1,228
716
1,769
-2,192
-465
-1,821
4,085
3,048
5,080
5,003
Effective Tax Rate (%)
26.98
27.34
30.77
26.65
22.35
40.85
24.95
- -
- -
- -
22.51
34.59
29.59
30.96
Profit Margin (%)
6.71
6.19
7.56
11.9
14.92
7.12
15.78
-21.5
-3.64
-13.14
18.67
12.76
20.07
19.31
Working Capital
-360
-124
74
1,209
1,990
1,005
969
2,353
-5,726
-3,968
-5,355
-106
-1,692
-1,270
LT Debt
- -
- -
- -
- -
4,922
8,812
26,580
40,401
34,261
36,785
28,177
31,023
27,195
28,484
Total Equity
2,828
3,219
3,441
5,416
6,234
6,319
7,500
11,432
11,044
8,803
12,249
12,271
12,958
11,101
Return on Invested Capital (%)
10.2
9.09
11.46
12.6
12.76
9.94
5.07
- -
- -
- -
7.14
6.95
9.66
10.61
Return on Capital (%)
66.04
44.73
39.82
45.99
26.63
8.44
7.39
- -
- -
- -
10.9
8.56
13.57
14.06
Return on Common Equity (%)
69.94
44.3
47.07
55.46
56.78
27.95
56.06
-84.26
-36.63
- -
- -
187.97
167.57
347.19

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
9,379
8,874
7,275
LT Borrowings
722
479
2,438
LT Finance Leases
27,060
26,716
26,046
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,077
3,072
3,075
Market Capitalization
85,616
101,068
106,611

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
15,521
17,435
17,801
Cash, Cash Equivalents & STI
13,156
15,280
15,670
Accounts Receivable, Net
972
723
787
Inventories
61
57
52
Total Current Liabilities
18,299
19,127
19,071
Payables & Accruals
7,052
8,430
9,952
ST Debt
9,379
8,874
7,275
Deferred Revenue
1,868
1,823
1,844

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.62%
4.25%
5.6%
Free Cash Flow
79.87%
182.43%
13.91%
Net Income, GAAP
-5.26%
-14.05%
66.67%
Sales/Revenue/Turnover
17.05%
21.36%
5.93%
Total Cash Common Dividend
- -
- -
12.27%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,278
6,148
6,442
6,023
23,891
2025
5,395
6,426
6,961
6,525
25,307
2026
5,996
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.1
3.4
4.1
0.16
9.78
2025
2.92
5.03
4.77
3.82
16.54
2026
2.66
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.66
- -
4.48
- -
11.17
2025
- -
6.95
5.76
- -
12.72
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Hui Jin
Full Time Employees
28,502
Sector
Consumer Cyclical
Industry
Travel Lodging
Address
No. 699 Wuzhong Road Shanghai People's Republic of China 201103
IPO Date
Mar 26, 2010
Business
H World Group Limited is a global hotel operator and franchisor headquartered in Jiading District, Shanghai, China, founded in 2005. The company develops and operates leased, manachised, franchised, and owned hotels under multiple brands including HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, IntercityHotel, Hi Inn, Ni Hao Hotel, Elan Hotel, Steigenberger, Steigenberger Icons, MAXX by Steigenberger, IntercityHotel, and Zleep Hotels. It offers hotel leasing, direct hotel operation, co-development services, and asset-light franchise management mainly across China and Europe. H World Group operates more than 12,700 hotels with over 1.2 million rooms globally, making it one of the largest hotel chains worldwide. Recent major developments include the group's accelerated network expansion with over 2,000 new hotel openings in 2025 and plans to open 2,300 hotels in the year, alongside strategic closures of 500-600 underperforming properties. The company has strengthened its international presence by expanding the JI Hotel brand in Southeast Asia, including Malaysia and Cambodia, and continues to develop its asset-light portfolio focusing on operational efficiency and cost reduction. Strategic moves also involve a long-term partnership with Accor under franchise agreements and the 2020 acquisition of Deutsche Hospitality, which operates leading European brands such as Steigenberger and IntercityHotel. H World Group has dual listings on NASDAQ and the Hong Kong Stock Exchange and continuously pursues quality network growth, enhanced brand positioning, and digital capability advancements to sustain its leadership in the hospitality industry. The company targets a broad customer base ranging from economy travelers to upscale guests across China and international markets, leveraging more than 20 hotel brands to cater to diverse traveler needs. Its operations and investment arms include subsidiaries like China Lodging Holdings (HK) Ltd. and Huazhu Investment entities in Hong Kong. H World Group remains focused on expanding its hotel count significantly by 2030, aiming to double its properties in China and strengthen its global footprint while maintaining strong financial performance and growth momentum. This comprehensive profile reflects H World Group Limited’s multifaceted hotel service offerings, geographic diversification, and recent strategic expansions and investments within the hospitality sector.

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