H World Group Financials

HTHT

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 73/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

H World Group has an operating margin of 21.8%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 21.5% the prior year.

Growth

H World Group's revenue grew 6.2% year-over-year to $3.3B, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

H World Group carries a low D/E ratio of 0.37, meaning only $0.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

H World Group's current ratio of 0.99 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.

Returns

100

H World Group earns a strong 25.1% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 33.7% the prior year.

Altman Z-Score Grey Zone

2.12

H World Group scores 2.12, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($16.2B) relative to total liabilities ($6.9B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

6/9

H World Group passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.46x

For every $1 of reported earnings, H World Group generates $2.46 in operating cash flow ($1.0B OCF vs $418.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

16.2x

H World Group earns $16.2 in operating income for every $1 of interest expense ($713.0M vs $44.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows H World Group (HTHT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$3.3B

YoY+6.2%

5Y CAGR+15.2%

H World Group generated $3.3B in revenue in fiscal year 2024. This represents an increase of 6.2% from the prior year.

EBITDA

$896.0M

YoY+4.1%

5Y CAGR+15.0%

10Y CAGR+19.2%

H World Group's EBITDA was $896.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.1% from the prior year.

Free Cash Flow

N/A

Net Income

$418.0M

YoY-27.3%

5Y CAGR+10.5%

10Y CAGR+23.8%

H World Group reported $418.0M in net income in fiscal year 2024. This represents a decrease of 27.3% from the prior year.

EPS (Diluted)

$0.13

YoY-27.8%

H World Group earned $0.13 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 27.8% from the prior year.

Cash & Debt

$1.0B

YoY+4.7%

5Y CAGR+17.1%

10Y CAGR+23.4%

H World Group held $1.0B in cash against $623.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

3.08B

YoY-2.4%

H World Group had 3.08B shares outstanding in fiscal year 2024. This represents a decrease of 2.4% from the prior year.

Gross Margin

N/A

Operating Margin

21.8%

YoY+0.3pp

5Y CAGR+2.9pp

H World Group's operating margin was 21.8% in fiscal year 2024, reflecting core business profitability. This is up 0.3 percentage points from the prior year.

Net Margin

12.8%

YoY-5.9pp

5Y CAGR-3.0pp

H World Group's net profit margin was 12.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

25.1%

YoY-8.6pp

5Y CAGR+1.1pp

10Y CAGR+15.5pp

H World Group's ROE was 25.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$161.0M

YoY+35.3%

H World Group spent $161.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 35.3% from the prior year.

Capital Expenditures

N/A

HTHT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.3B+6.2%	$3.1B+53.3%	$2.0B+0.2%	$2.0B+28.3%	$1.6B-3.0%	$1.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$344.0M+17.0%	$294.0M+21.0%	$243.0M+0.4%	$242.0M+25.4%	$193.0M+27.0%	$152.0M
Operating Income	$713.0M+7.7%	$662.0M+1639.5%	-$43.0M-265.4%	$26.0M+110.1%	-$257.0M-184.5%	$304.0M
Interest Expense	$44.0M-18.5%	$54.0M-8.5%	$59.0M-7.8%	$64.0M-22.0%	$82.0M+82.2%	$45.0M
Income Tax	$228.0M+35.7%	$168.0M+460.0%	$30.0M+1400.0%	$2.0M+106.1%	-$33.0M-135.9%	$92.0M
Net Income	$418.0M-27.3%	$575.0M+317.8%	-$264.0M-261.6%	-$73.0M+78.3%	-$336.0M-232.3%	$254.0M
EPS (Diluted)	$0.13-27.8%	$0.18+325.0%	$-0.08-300.0%	$-0.02	$-1.15-235.3%	$0.85

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q3'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HTHT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$8.6B-4.2%	$8.9B+0.3%	$8.9B-10.2%	$9.9B-0.6%	$10.0B+31.2%	$7.6B
Current Assets	$1.8B+6.6%	$1.7B+27.7%	$1.3B-11.3%	$1.5B-24.1%	$2.0B-24.7%	$2.6B
Cash & Equivalents	$1.0B+4.7%	$978.0M+88.1%	$520.0M-35.2%	$803.0M-25.4%	$1.1B+131.6%	$465.0M
Inventory	$8.0M0.0%	$8.0M-20.0%	$10.0M-28.6%	$14.0M0.0%	$14.0M+75.0%	$8.0M
Accounts Receivable	$112.0M+5.7%	$106.0M-34.2%	$161.0M+96.3%	$82.0M+32.3%	$62.0M+100.0%	$31.0M
Goodwill	$715.0M-4.5%	$749.0M-0.5%	$753.0M-6.5%	$805.0M+5.4%	$764.0M+100.0%	$382.0M
Total Liabilities	$6.9B-4.6%	$7.2B-5.5%	$7.6B-6.8%	$8.2B-0.5%	$8.2B+26.0%	$6.5B
Current Liabilities	$1.8B-25.5%	$2.5B+28.5%	$1.9B-20.5%	$2.4B+48.5%	$1.6B-35.0%	$2.5B
Long-Term Debt	$623.0M+248.0%	$179.0M-81.4%	$962.0M+72.1%	$559.0M-66.4%	$1.7B+43.3%	$1.2B
Total Equity	$1.7B-2.4%	$1.7B+35.0%	$1.3B-26.2%	$1.7B-1.2%	$1.7B+63.6%	$1.1B
Retained Earnings	$336.0M+200.0%	$112.0M+164.4%	-$174.0M-206.7%	$163.0M-29.1%	$230.0M-56.8%	$532.0M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q3'22	Q4'21
Total Assets	$9.0B+5.5%	$8.6B-0.3%	$8.6B-4.0%	$8.9B+2.8%	$8.7B-2.4%	$8.9B+3.3%	$8.6B-13.1%	$9.9B
Current Assets	$2.2B+20.8%	$1.8B+14.7%	$1.6B-7.1%	$1.7B+16.5%	$1.5B+9.5%	$1.3B-1.1%	$1.3B-10.3%	$1.5B
Cash & Equivalents	$1.4B+38.3%	$1.0B-4.6%	$1.1B+9.7%	$978.0M-3.1%	$1.0B+94.0%	$520.0M-28.6%	$728.0M-9.3%	$803.0M
Inventory	$9.0M+12.5%	$8.0M0.0%	$8.0M0.0%	$8.0M-11.1%	$9.0M-10.0%	$10.0M-16.7%	$12.0M-14.3%	$14.0M
Accounts Receivable	$118.0M+5.4%	$112.0M-3.4%	$116.0M+9.4%	$106.0M-17.8%	$129.0M-19.9%	$161.0M-6.9%	$173.0M+111.0%	$82.0M
Goodwill	$764.0M+6.9%	$715.0M-1.2%	$724.0M-3.3%	$749.0M+1.9%	$735.0M-2.4%	$753.0M+5.6%	$713.0M-11.4%	$805.0M
Total Liabilities	$7.3B+6.3%	$6.9B+0.7%	$6.8B-5.3%	$7.2B+4.7%	$6.9B-9.7%	$7.6B+3.3%	$7.4B-9.7%	$8.2B
Current Liabilities	$2.7B+48.2%	$1.8B+11.9%	$1.6B-33.4%	$2.5B+12.9%	$2.2B+13.9%	$1.9B-1.3%	$1.9B-19.4%	$2.4B
Long-Term Debt	$108.0M-82.7%	$623.0M-13.2%	$718.0M+301.1%	$179.0M+21.8%	$147.0M-84.7%	$962.0M+12.4%	$856.0M+53.1%	$559.0M
Total Equity	$1.7B+1.7%	$1.7B-3.7%	$1.7B+1.3%	$1.7B-4.6%	$1.8B+41.5%	$1.3B+3.7%	$1.2B-28.8%	$1.7B
Retained Earnings	$384.0M+14.3%	$336.0M-3.2%	$347.0M+209.8%	$112.0M+0.9%	$111.0M+163.8%	-$174.0M-15.2%	-$151.0M-192.6%	$163.0M

HTHT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.0B-4.6%	$1.1B+375.8%	$227.0M+8.1%	$210.0M+125.8%	$93.0M-80.3%	$473.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$307.0M-48.3%	-$207.0M-172.4%	-$76.0M+65.3%	-$219.0M+82.3%	-$1.2B-2924.4%	-$41.0M
Financing Cash Flow	-$754.0M-44.2%	-$523.0M-160.2%	-$201.0M+29.0%	-$283.0M-311.2%	$134.0M-84.6%	$868.0M
Dividends Paid	$477.0M	N/A	$60.0M	N/A	$104.0M+9.5%	$95.0M
Share Buybacks	$161.0M+35.3%	$119.0M+147.9%	$48.0M	$0	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q3'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	$155.0M	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	$18.0M	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	-$203.0M	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$2.0M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$1.0M	N/A	N/A

HTHT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	21.8%+0.3pp	21.5%+23.6pp	-2.1%-3.4pp	1.3%+17.7pp	-16.4%-35.3pp	18.9%
Net Margin	12.8%-5.9pp	18.7%+31.8pp	-13.1%-9.5pp	-3.6%+17.9pp	-21.5%-37.3pp	15.8%
Return on Equity	25.1%-8.6pp	33.7%	N/A	N/A	N/A	23.9%
Return on Assets	4.9%-1.5pp	6.4%+9.4pp	-3.0%-2.2pp	-0.7%+2.6pp	-3.4%-6.7pp	3.3%
Current Ratio	0.99+0.3	0.690.0	0.70+0.1	0.63-0.6	1.22+0.2	1.06
Debt-to-Equity	0.37+0.3	0.10-0.7	0.76+0.4	0.33-0.6	0.96-0.1	1.09
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q3'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.81-0.2	0.99+0.0	0.97+0.3	0.69+0.0	0.67-0.0	0.700.0	0.70+0.1	0.63
Debt-to-Equity	0.06-0.3	0.37-0.0	0.41+0.3	0.10+0.0	0.08-0.7	0.76+0.1	0.70+0.4	0.33
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is H World Group's annual revenue?

H World Group (HTHT) reported $3.3B in total revenue for fiscal year 2024. This represents a 6.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is H World Group's revenue growing?

H World Group (HTHT) revenue grew by 6.2% year-over-year, from $3.1B to $3.3B in fiscal year 2024.

Is H World Group profitable?

Yes, H World Group (HTHT) reported a net income of $418.0M in fiscal year 2024, with a net profit margin of 12.8%.

What is H World Group's earnings per share (EPS)?

H World Group (HTHT) reported diluted earnings per share of $0.13 for fiscal year 2024. This represents a -27.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is H World Group's EBITDA?

H World Group (HTHT) had EBITDA of $896.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does H World Group have?

As of fiscal year 2024, H World Group (HTHT) had $1.0B in cash and equivalents against $623.0M in long-term debt.

What is H World Group's operating margin?

H World Group (HTHT) had an operating margin of 21.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is H World Group's net profit margin?

H World Group (HTHT) had a net profit margin of 12.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is H World Group's return on equity (ROE)?

H World Group (HTHT) has a return on equity of 25.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is H World Group's operating cash flow?

H World Group (HTHT) generated $1.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are H World Group's total assets?

H World Group (HTHT) had $8.6B in total assets as of fiscal year 2024, including both current and long-term assets.

Does H World Group buy back shares?

Yes, H World Group (HTHT) spent $161.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does H World Group have outstanding?

H World Group (HTHT) had 3.08B shares outstanding as of fiscal year 2024.

What is H World Group's current ratio?

H World Group (HTHT) had a current ratio of 0.99 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is H World Group's debt-to-equity ratio?

H World Group (HTHT) had a debt-to-equity ratio of 0.37 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is H World Group's return on assets (ROA)?

H World Group (HTHT) had a return on assets of 4.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is H World Group's Altman Z-Score?

H World Group (HTHT) has an Altman Z-Score of 2.12, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is H World Group's Piotroski F-Score?

H World Group (HTHT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are H World Group's earnings high quality?

H World Group (HTHT) has an earnings quality ratio of 2.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can H World Group cover its interest payments?

H World Group (HTHT) has an interest coverage ratio of 16.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is H World Group?

H World Group (HTHT) scores 73 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.