InterContinental Hotels Group PLC vs MELCO RESORTS & ENTERTAINMENT LIMITED, two Hotels & Resorts stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
InterContinental franchises hotels around the world, Melco owns and runs Macau casinos, and while their earnings multiples nearly match, 35.22 times against 34.87, the businesses behind them do not. IHG's fee model yields a 14.63% net margin, well above Melco's 3.58%. Melco answers with cash, a 12.68% free cash yield against IHG's 3.26%, and a 1.02% dividend. Scale tilts hard to IHG, a $26.7B cap versus Melco's $6.5B, roughly four to one. Same price tag on earnings, but IHG runs a light global fee network and Melco runs heavy casino assets concentrated in Macau.
Comparison updated 2026-07-11.
| Metric | IHG | MLCO |
|---|---|---|
| Price | $165.03 | $5.49 |
| Market cap | $25.5B | $6.6B |
| Sector | Hotels & Resorts | Hotels & Resorts |
| Stage | Growth | Growth |
| Implied growth (priced in) | +16.8% | +7.9% |
| P/E | 33.6 | 35.6 |
| P/S | 4.91 | 1.28 |
| EV/EBITDA | 19.3 | 10.8 |
| Revenue growth | +16.1% | +45.2% |
| Operating margin | 23.1% | 11.6% |
| Net margin | 14.6% | 3.6% |
| Return on assets | 14.2% | 2.4% |
| Return on invested capital | — | 10.7% |
| FCF yield | 3.4% | 12.4% |
| Dividend yield | — | 1.0% |
| Current ratio | 0.98 | 1.07 |
| Altman Z (solvency) | 3.59 | 0.71 |
| Piotroski F (quality) | 7 / 9 | 8 / 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.