InterContinental Hotels Group PLC vs MGM Resorts International, two Hotels & Resorts stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Fee income drives InterContinental, casino floors drive MGM Resorts, and the two sit at opposite ends of hospitality economics. IHG's 14.63% net margin dwarfs MGM's 1.03%, yet IHG trades cheaper at 35.22 times earnings against MGM's 67.34. MGM's counterweight is cash, a 12.22% free cash yield versus IHG's 3.26%, plus a 5.51% return on equity. IHG is the larger company at $26.7B against $12.7B and carries an asset-light balance sheet, while MGM runs 1.93 times equity in debt. Owning and running property is the harder way to a profit, and MGM's thin margin against IHG's fat one shows it.
Comparison updated 2026-07-11.
| Metric | IHG | MGM |
|---|---|---|
| Price | $165.03 | $46.87 |
| Market cap | $25.5B | $12.1B |
| Sector | Hotels & Resorts | Hotels & Resorts |
| Stage | Growth | Mature |
| Implied growth (priced in) | +16.8% | — |
| P/E | 33.6 | 64.2 |
| P/B | — | 3.66 |
| P/S | 4.91 | 0.68 |
| EV/EBITDA | 19.3 | 8.3 |
| Revenue growth | +16.1% | +3.4% |
| Operating margin | 23.1% | 6.8% |
| Net margin | 14.6% | 1.0% |
| Return on equity | — | 5.5% |
| Return on assets | 14.2% | 0.4% |
| Return on invested capital | — | 8.2% |
| FCF yield | 3.4% | 12.8% |
| Dividend yield | — | 0.0% |
| Debt / equity | — | 1.93 |
| Current ratio | 0.98 | 1.33 |
| Altman Z (solvency) | 3.59 | 0.75 |
| Piotroski F (quality) | 7 / 9 | 4 / 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.