Atour Lifestyle Holdings Limited vs InterContinental Hotels Group PLC, two Hotels & Resorts stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both Atour and InterContinental earn most of their money from franchise and management fees rather than owning bricks, but Atour concentrates on China while IHG spans brands worldwide. The market pays more for Atour's growth, 58.35 times earnings against IHG's 35.22. Margins land close, 16.56% net for Atour and 14.63% for IHG. IHG converts a bit more to free cash at 3.26% versus 2.03%. Scale separates them plainly, IHG carrying a $26.7B cap, nearly double Atour's $13.5B. Atour's balance sheet runs almost debt-free at 0.07 times equity. Investors here are choosing between a fast Chinese operator and an established global fee machine.
Comparison updated 2026-07-11.
| Metric | ATAT | IHG |
|---|---|---|
| Price | $32.19 | $165.03 |
| Market cap | $13.5B | $25.5B |
| Sector | Hotels & Resorts | Hotels & Resorts |
| Stage | Growth | Growth |
| Implied growth (priced in) | +31.1% | +16.8% |
| P/E | 58.5 | 33.6 |
| P/B | 26.27 | — |
| P/S | 9.64 | 4.91 |
| EV/EBITDA | 38.7 | 19.3 |
| Revenue growth | +67.2% | +16.1% |
| Operating margin | 23.6% | 23.1% |
| Net margin | 16.6% | 14.6% |
| Return on equity | 45.1% | — |
| Return on assets | 17.7% | 14.2% |
| Return on invested capital | 41.2% | — |
| FCF yield | 2.0% | 3.4% |
| Debt / equity | 0.07 | — |
| Current ratio | 1.97 | 0.98 |
| Altman Z (solvency) | 8.71 | 3.59 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.