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Choice Hotels International Inc (CHH) stock

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NYSE: CHH NYSE Hotels, Resorts & Cruise Lines Next results ~February 18, 2027

C Fundamentals grade

Choice Hotels International Inc is a US-listed company in the hotels, resorts & cruise lines industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 42% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 42% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Choice Hotels International Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 14 sales by directors and officers, last 12 monthsInsider trades
  • Funds137 adding, 165 cuttingOf 45 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Choice Hotels International files

10-Q filed November 2: Choice Hotels International

Choice Hotels International reported revenue of $1.63bn for the twelve months to September 2026, up 2.1% on a year earlier. That pace has eased from the 2.6% growth recorded a quarter earlier, leaving the company 22nd of 25 in our hotels, resorts and cruise lines coverage for top-line growth. Profitability has also softened: free-cash-flow margin fell to 10.4%, down from 14.7% a year earlier, while operating margin narrowed to 22.8% from 29.2%. One offsetting factor is the diluted share count, which is down 2.6% on a year earlier, giving each remaining share a slightly larger claim on earnings. Taken together, these shifts have pulled Choice Hotels' fundamentals grade down from C+ to C.

Our model value for Choice Hotels International is under review, so past values are not shown until it is resolved.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Choice Hotels International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.62bn, up 2.6% on a year earlier, faster than 1.2% a quarter earlier. Free-cash-flow margin fell to 11.3% from 18.2% a year earlier. Operating margin narrowed to 25.2% from 30.2%. The diluted share count is down 2.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 0 of our 7 financial-health checks. At that price, our model says the market is pricing in about 14.5% a year of cash-flow growth for five years, faster than the 8.6% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 18, 2027 (estimated)

Choice Hotels International Inc's trailing-twelve-month revenue grew 2.1% year on year, with a free-cash-flow margin of 10.4%. Where it lags: revenue growth of 2.1% ranks 22 of 25 hotels, resorts & cruise lines companies we cover.

Our discounted-cash-flow model values the business at ~$52 per share in the base case (~$28–$84 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 27.7% while net income fell 46.0%: a 18pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.

Things to watch

  • Margins narrowing. Operating margin is down 6.4 points on a year ago.
  • Below peers: revenue growth. Revenue growth of 2.1% ranks 22 of 25 hotels, resorts & cruise lines companies we cover (median 9.7%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 69.4% ranks 21 of 24 hotels, resorts & cruise lines companies we cover (median 41.9%).
  • Heavily shorted. 31.7% of the shares available to trade are sold short (11.5 days of average volume to cover).

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$2.33 against an average estimate of $2.29: beat by 1.8%
Revenue
$458m, up 2.5% on a year earlier
Guidance given
net income $230m to $241m (Full-Year 2026); adjusted net income $312m to $323m (Full-Year 2026)
Next report
November 2, 2026; average EPS estimate $1.60

Choice Hotels International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.7%
  • 1 week+8.9%
  • 1 month+15.7%
  • This year+25.9%
  • 1 year+29.0%
  • 5 years-12.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.6B
Operating margin
22.8%
Net margin
12.7%
EPS (TTM, diluted)
$4.52

Growth

Revenue growth
+2.1%
Change in growth rate
−0.6 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$170M
FCF margin
10.4%
Stock pay % of revenue
1.3%

Earnings

Last results
November 2, 2026
Next results (est.)
February 18, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Announcement
  4. Announcement
  5. Leadership
  6. Deal
  7. Announcement
  8. Dividend
  9. Leadership
  10. Agreement
  11. Announcement
  12. Announcement
  13. Results
  14. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Choice Hotels International Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 42% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Choice Hotels International Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$110 ~$92–$160 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$91–$130 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Choice Hotels International Inc with Hotels, Resorts & Cruise Lines in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$45.40$51.34$71.99$67.15$97.99$101.48$148.86$108.53$110.24$139.11$94.19$118.61
Market value$2.6bn$2.9bn$4.1bn$3.8bn$5.5bn$5.6bn$8.3bn$6.0bn$5.6bn$6.7bn$4.4bn$5.4bn
+ Net debt (− = net cash)$621m$638m$491m$728m$818m$824m$549m$1.2bn$1.5bn$1.7bn$1.9bn$2.0bn
Enterprise value$3.2bn$3.5bn$4.6bn$4.5bn$6.3bn$6.5bn$8.9bn$7.1bn$7.1bn$8.4bn$6.2bn$7.4bn
Multiples
Price / sales 3.0x3.6x4.3x3.6x4.9x7.3x7.8x4.3x3.6x4.2x2.7x3.3x
Price / earnings 20.3x27.0x33.3x17.6x24.5x74.8x28.8x18.0x21.6x22.3x11.9x26.3x
Price / free cash flow 18.9x22.7x17.4x19.5x25.6x73.7x26.9x17.4x22.5x23.9x19.0x31.9x
EV / EBITDA 13.6x18.1x15.4x13.6x18.6x43.8x19.5x14.0x17.0x16.3x12.3x16.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

99 /100

Strong moat

How hard Choice Hotels International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 13.0% of total assets over 10 years.

  • Durability 19 / 20

    Operating margin has been a median 28.4%; its worst year was 20.5%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 20.0% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 18.2% over five years; stock-based pay has been a median 2.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.01 +1% $1.6bn +3%
Next $7.54 +8% $1.7bn +3%

Next year's EPS estimate has moved −0.9% in 90 days, across 18 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.5% on 90 days ago. In the last 30 days, 0 analysts raised Choice Hotels International Inc's forecast and 1 cut it.

Consensus EPS forecast Choice Hotels International Inc, last 90 days
$7.00 $7.20 $7.40 $7.60 $7.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.12 Current fiscal year, 60 days ago: $7.02 Current fiscal year, 30 days ago: $7.01 Current fiscal year, 7 days ago: $7.00 Current fiscal year, Now: $7.01 $7.01 Next fiscal year, 90 days ago: $7.61 Next fiscal year, 60 days ago: $7.52 Next fiscal year, 30 days ago: $7.54 Next fiscal year, 7 days ago: $7.52 Next fiscal year, Now: $7.54 $7.54

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.12$7.61
60 days ago $7.02$7.52
30 days ago $7.01$7.54
7 days ago $7.00$7.52
Now $7.01$7.54

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.29 $2.33 +1.8%
Jun 2026 $1.97 $2.02 +2.8%
Mar 2026 $1.32 $1.07 −18.8%
Dec 2025 $1.54 $1.60 +3.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Diluted EPS Full-Year 2026 $5.07 to $5.31 GAAP
    “Diluted EPS $5.07 to $5.31 $5.72 to $5.94” source
  • Adjusted diluted EPS Full-Year 2026 $6.86 to $7.10 Non-GAAP
    “Adjusted diluted EPS $6.86 to $7.10 $6.92 to $7.14” source
  • Net income Full-Year 2026 $230m to $241m GAAP
    “Net income $230 to $241 million $265 to $275 million” source
  • Adjusted net income Full-Year 2026 $312m to $323m Non-GAAP
    “Adjusted net income $312 to $323 million $320 to $330 million” source
  • Adjusted EBITDA Full-Year 2026 $635m to $650m Non-GAAP Raised
    “Adjusted EBITDA $635 to $650 million $632 to $647 million” source
  • Effective tax rate Full-Year 2026 about 26%
    “Effective tax rate 26% 25%” source
Show 5 more items
  • Global RevPAR growth Full-Year 2026 vs. 2025 0% growth to 1% growth
    “Global RevPAR growth 0% to 1% -2% to 1%” source
  • U.S. RevPAR growth Full-Year 2026 vs. 2025 0% growth to 1.25% growth
    “U.S. RevPAR growth 0% to 1.25% -2% to 1%” source
  • U.S. royalty rate growth Full-Year 2026 vs. 2025 7 to 9
    “U.S. royalty rate growth 7 bps to 9 bps Mid-single digits” source
  • Global net system rooms growth Full-Year 2026 vs. 2025 about 1.5% growth
    “Global net system rooms growth Approximately 1.5% Approximately 1%” source
  • Net capital outlays for hotel development-related activities 2026 $20m to $45m
    “Net capital outlays for hotel development-related activities are expected to decline from $103.4 million in 2025 to a range of $20 million to $45 million in 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

18 analysts, Nov 2026
Buy317%
Hold1161%
Sell422%

Monthly trend

  1. Nov 20262112218
  2. Oct 20262112218
  3. Sep 2026292216
  4. Aug 20262102217

Counts of recommendations published by analysts covering Choice Hotels International Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
31.7%
of tradable shares
Days to cover
11.48
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
77%
of shares
Held by insiders
39.1%
of shares
Employees
1,754
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +29.0%

$91.92 on October 31, 2025 to $118.61

ThenNowEffect
Revenue (last 12 months) $1.6bn $1.6bn +2.6%
Net margin 19.5% 20.3% +3.9%
P/E multiple 14.1x 16.6x +18.2%
Share count 47m 46m +2.3%

Biggest factor: p/e multiple.

Last 3 years +6.2%

$111.70 on November 3, 2023 to $118.61

ThenNowEffect
Revenue (last 12 months) $1.5bn $1.6bn +5.4%
Net margin 19.3% 20.3% +5.2%
P/E multiple 19.9x 16.6x −16.5%
Share count 53m 46m +14.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CHH+47%−27%+2%+26%−32%+26%
Industry peers (median)+26%−23%+46%+24%+10%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CHH75%25%42%67%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CHH−10%−33%−18%−15%−46%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 51% from February 19, 2020 to March 23, 2020. Getting back needed a 102% gain, reached on December 4, 2020, 256 days after the low.

Price behaviour

52-week range
$83.46 – $121.42
From 52-week high
−2.3%
vs 50-day average
+13.7%
vs 200-day average
+11.3%
Volatility (1 year)
38%
Beta vs S&P 500
0.43

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 6 down
typical move ±3.7%
After a week
3 up, 8 down
typical move ±3.5%
After a month
3 up, 8 down
typical move ±7.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +1.0% −0.4% −2.8% −8.5%
April 30, 2026 −14.2% +1.3% −9.2% −5.0%
February 19, 2026 +0.7% +0.5% −1.3% −10.8%
November 5, 2025 +9.7% −0.7% +6.8% −6.3%
August 6, 2025 −1.5% +0.7% −0.8% −6.6%
May 8, 2025 −1.7% +0.6% +2.0% +1.7%
February 20, 2025 +1.8% −2.1% −3.0% −12.3%
November 4, 2024 +0.5% +1.0% +4.5% +8.7%
August 8, 2024 −2.0% +2.8% −0.3% −1.1%
May 8, 2024 −5.0% +0.6% −3.1% −6.6%
February 20, 2024 −2.9% −0.5% −4.4% +10.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Choice Hotels International Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Choice Hotels International Inc
$1.5B $1.6B $1.6B $1.7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q1: $1.5B Revenue (TTM), FY24 Q2: $1.6B Revenue (TTM), FY24 Q3: $1.6B Revenue (TTM), FY24 Q4: $1.6B Revenue (TTM), FY25 Q1: $1.6B Revenue (TTM), FY25 Q2: $1.6B Revenue (TTM), FY25 Q3: $1.6B Revenue (TTM), FY25 Q4: $1.6B Revenue (TTM), FY26 Q1: $1.6B Revenue (TTM), FY26 Q2: $1.6B Revenue (TTM), FY26 Q3: $1.6B $1.6B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.5B
FY24 Q1 $1.5B
FY24 Q2 $1.6B
FY24 Q3 $1.6B
FY24 Q4 $1.6B
FY25 Q1 $1.6B
FY25 Q2 $1.6B
FY25 Q3 $1.6B
FY25 Q4 $1.6B
FY26 Q1 $1.6B
FY26 Q2 $1.6B
FY26 Q3 $1.6B
Revenue growth, TTM YoY Choice Hotels International Inc
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 10.1% Revenue growth, TTM YoY, FY24 Q1: 4.5% Revenue growth, TTM YoY, FY24 Q2: 1.0% Revenue growth, TTM YoY, FY24 Q3: 0.4% Revenue growth, TTM YoY, FY24 Q4: 2.6% Revenue growth, TTM YoY, FY25 Q1: 2.7% Revenue growth, TTM YoY, FY25 Q2: 1.7% Revenue growth, TTM YoY, FY25 Q3: 2.8% Revenue growth, TTM YoY, FY25 Q4: 0.8% Revenue growth, TTM YoY, FY26 Q1: 1.2% Revenue growth, TTM YoY, FY26 Q2: 2.6% Revenue growth, TTM YoY, FY26 Q3: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 10.1%
FY24 Q1 4.5%
FY24 Q2 1.0%
FY24 Q3 0.4%
FY24 Q4 2.6%
FY25 Q1 2.7%
FY25 Q2 1.7%
FY25 Q3 2.8%
FY25 Q4 0.8%
FY26 Q1 1.2%
FY26 Q2 2.6%
FY26 Q3 2.1%
Operating margin (TTM) Choice Hotels International Inc
22% 24% 26% 28% 30% 32% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 24.3% Operating margin (TTM), FY24 Q1: 23.2% Operating margin (TTM), FY24 Q2: 23.6% Operating margin (TTM), FY24 Q3: 24.6% Operating margin (TTM), FY24 Q4: 29.3% Operating margin (TTM), FY25 Q1: 30.5% Operating margin (TTM), FY25 Q2: 30.2% Operating margin (TTM), FY25 Q3: 29.2% Operating margin (TTM), FY25 Q4: 28.1% Operating margin (TTM), FY26 Q1: 26.7% Operating margin (TTM), FY26 Q2: 25.2% Operating margin (TTM), FY26 Q3: 22.8% 22.8%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 24.3%
FY24 Q1 23.2%
FY24 Q2 23.6%
FY24 Q3 24.6%
FY24 Q4 29.3%
FY25 Q1 30.5%
FY25 Q2 30.2%
FY25 Q3 29.2%
FY25 Q4 28.1%
FY26 Q1 26.7%
FY26 Q2 25.2%
FY26 Q3 22.8%
FCF margin (TTM) Choice Hotels International Inc
10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 16.1% FCF margin (TTM), FY24 Q1: 16.3% FCF margin (TTM), FY24 Q2: 16.7% FCF margin (TTM), FY24 Q3: 15.5% FCF margin (TTM), FY24 Q4: 17.7% FCF margin (TTM), FY25 Q1: 18.6% FCF margin (TTM), FY25 Q2: 18.2% FCF margin (TTM), FY25 Q3: 14.7% FCF margin (TTM), FY25 Q4: 14.5% FCF margin (TTM), FY26 Q1: 11.7% FCF margin (TTM), FY26 Q2: 11.3% FCF margin (TTM), FY26 Q3: 10.4% 10.4%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 16.1%
FY24 Q1 16.3%
FY24 Q2 16.7%
FY24 Q3 15.5%
FY24 Q4 17.7%
FY25 Q1 18.6%
FY25 Q2 18.2%
FY25 Q3 14.7%
FY25 Q4 14.5%
FY26 Q1 11.7%
FY26 Q2 11.3%
FY26 Q3 10.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Choice Hotels International took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.6B
  2. Other income $8.5M · 0.5%
  3. Selling, general and admin $329M · 20.6%
  4. Other operating costs $819M · 51.3%
  5. Operating income $448M · 28.1%
  6. Income tax $86.9M · 5.4%
  7. Net income $370M · 23.2%

Shares of revenue. Source: Choice Hotels International's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 564 596 641 693 725 758 860 808 941 1,041 1,115 774 1,069 1,402 1,544 1,585 1,597 1,630
EBITDA 156 169 181 201 205 224 237 194 296 333 337 147 454 509 420 516 508 439
Operating income 148 161 173 193 196 215 225 187 290 318 319 122 429 479 375 464 448 372
Net income 98 107 111 122 114 123 128 107 122 216 223 75 289 332 259 300 370 206
Diluted EPS $1.63 $1.80 $1.87 $2.09 $1.93 $2.10 $2.22 $2.46 — — $3.98 $1.35 $5.15 $5.99 $5.07 $6.20 $7.90 $4.52
Growth (year on year)
Revenue −12.1% +5.7% +7.5% +8.1% +4.6% +4.6% +13.4% −6.0% +16.5% +10.6% +7.1% −30.6% +38.1% +31.1% +10.1% +2.6% +0.8% +2.1%
EBITDA −14.4% +8.1% +6.8% +11.4% +2.1% +9.1% +5.8% −18.1% +52.7% +12.3% +1.4% −56.3% +207.6% +12.2% −17.5% +22.8% −1.5% −15.9%
Operating income −15.2% +8.6% +7.3% +12.2% +1.4% +9.3% +5.0% −17.0% +54.8% +10.0% +0.0% −61.8% +252.5% +11.6% −21.6% +23.7% −3.3% −20.2%
Net income −2.0% +9.4% +3.4% +9.5% −6.5% +8.3% +4.0% −16.7% +14.6% +76.9% +3.0% −66.2% +283.3% +14.9% −22.2% +15.9% +23.5% −46.0%
Diluted EPS +2.5% +10.4% +3.9% +11.8% −7.7% +8.8% +5.7% +10.8% — — — −66.1% +281.5% +16.3% −15.4% +22.3% +27.4% −44.6%
Margins
EBITDA margin 27.7% 28.4% 28.2% 29.0% 28.3% 29.5% 27.5% 24.0% 31.5% 32.0% 30.3% 19.1% 42.4% 36.3% 27.2% 32.5% 31.8% 27.0%
Operating margin 26.2% 27.0% 26.9% 27.9% 27.1% 28.3% 26.2% 23.2% 30.8% 30.6% 28.6% 15.7% 40.1% 34.1% 24.3% 29.3% 28.1% 22.8%
Net margin 17.4% 18.0% 17.3% 17.6% 15.7% 16.2% 14.9% 13.2% 13.0% 20.8% 20.0% 9.7% 27.0% 23.7% 16.7% 18.9% 23.2% 12.7%
Free-cash-flow margin 17.9% 20.2% 18.8% 19.4% 16.6% 22.0% 16.0% 15.7% 24.9% 18.7% 19.1% 9.9% 28.9% 24.5% 16.1% 17.7% 14.5% 10.4%
Cash flow
Cash from operations 112 145 131 150 154 188 165 152 257 243 271 110 384 367 297 319 270 208
Capital spending 11 24 11 15 33 21 28 25 23 48 57 34 74 24 48 39 39 38
Free cash flow 101 121 120 135 121 167 137 127 234 195 213 76 309 343 249 280 232 170
Stock-based pay 9 9 11 11 12 9 12 15 25 15 17 7 23 40 41 38 38 21
Free cash flow after stock pay 92 112 109 123 109 157 125 112 209 180 197 69 286 302 208 242 193 149
Balance sheet
Cash 68 91 107 134 168 215 193 202 235 27 34 235 512 42 27 40 45 171
Total debt 278 252 253 856 794 795 814 841 727 755 852 1,059 1,060 1,204 1,568 1,769 1,906 2,177
Net debt (negative = net cash) 210 161 146 722 627 580 621 638 491 728 818 824 549 1,162 1,541 1,728 1,861 2,007
Diluted shares 60m 59m 59m 58m 58m 58m 57m 56m 57m 57m 56m 56m 56m 55m 51m 48m 47m 46m
Returned to shareholders
Dividends 44 44 44 654 33 44 45 46 49 49 48 25 25 53 56 55 53 53
Buybacks 59 11 54 23 4 78 73 36 10 149 51 55 13 435 363 381 138 192
Total returned 103 55 97 677 37 122 118 82 58 197 99 81 38 487 419 436 192 244

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · September 30, 2026
What it owns · $3.1bn
Short-term assets $576mLonger-term assets $2.6bn
What it owes, and who funded it · $3.1bn
Short-term liabilities $458mLonger-term liabilities $2.5bnShareholders' equity $132m
  • Short-term assets cover short-term liabilities $576m of assets due within a year against $458m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $576m short-term assets against $2.5bn of longer-dated liabilities.
  • More cash than debt $171m of cash against $2.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 1652% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 268% to 1652% over five years.
  • A year's operating cash flow covers at least 20% of debt $208m of operating cash flow against $2.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $372m against $97m of interest.

From Choice Hotels International Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$192M
Dividends (TTM)
$52.6M
Returned to shareholders
144%
of free cash flow
Buybacks, last 3 fiscal years
$882M
Diluted share count
−2.6%
year over year
Total shareholder yield
4.6%
dividends 1.0% + buybacks 3.6% of market value
Dividend payout ratio
26%
of net income paid out
Sales & admin spending
20.9%
of revenue
Days sales outstanding
64 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in hotels, resorts & cruise lines
Last 12 months unless stated CHH WH ATAT MMYT LIND HTHT Median
Revenue, last 12 months $1.6bn $1.4bn $1.4bn $1.0bn $831m $3.5bn $5.2bn
Revenue growth, last 12 months 2.1% 0.7% 35.2% 6.7% 18.3% 6.1% 9.7%
Revenue growth, 3-year average 1.7% 0.8% — 26.8% 16.1% 90.3% 8.0%
Revenue growth, latest quarter 2.5% 7.3% — 11.8% 18.6% — 8.1%
Gross margin — — — 73.8% 46.6% — 47.7%
Operating margin 22.8% 29.3% 23.6% 14.9% 7.0% 26.9% 16.0%
Operating margin, 3-year average 25.5% 34.3% — −12.2% 4.4% 15.2% 15.3%
Net margin 12.7% 14.0% 16.6% 5.0% −2.1% 20.1% 11.4%
Cash from operations / revenue 12.7% 26.1% 20.4% 17.5% 17.2% 33.1% 20.4%
Free-cash-flow margin 10.4% 22.8% 19.5% 17.1% 13.1% 28.1% 12.1%
Free-cash-flow margin, 3-year average 13.5% 20.3% — −0.4% 9.4% 15.6% 10.3%
Stock pay / revenue 1.3% 2.9% 1.3% 2.2% 1.0% 1.7% 1.3%
Change in share count −2.6% −3.4% 0.5% −4.2% 9.0% −0.9% −3.4%

Median of all 25 companies we cover in hotels, resorts & cruise lines. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 hotels, resorts & cruise lines companies
Measure Company Peer median Rank
Revenue growth Growth 2.1% 9.7% 22 of 25
Change in growth rate Growth -0.6pp -0.5pp 14 of 25
Operating margin Profitability 22.8% 16.0% 9 of 22
Net margin Profitability 12.7% 11.4% 12 of 25
Free-cash-flow margin Cash generation 10.4% 12.7% 14 of 24
Stock pay as % of revenue Cash generation 1.3% 1.4% 11 of 24
Long-term debt as % of assets Balance sheet 69.4% 41.9% 21 of 24
Change in share count Balance sheet -2.6% -3.5% 15 of 23
Days sales outstanding Balance sheet 64 days 52 days 13 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Franchise and Management Fees $673M 42.2% ▲ 0.5%
Revenue For Reimbursable Costs From Franchised and Managed Properties $616M 38.6% ▼ 3.4%
Owned Hotels $121M 7.6% ▲ 7.0%
Partnership Services and Fees $114M 7.1% ▲ 14.4%
Other Revenue Topic606 and Not Topic606 $72.2M 4.5% ▲ 12.8%

From Choice Hotels International Inc's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.8B
Institutions reporting
332
Shares held vs prior quarter
▼ 3.9%
Positions opened / closed
37 / 40

Top buyers and sellers, Q2 2026: 137 institutions bought and 165 sold ; the biggest buyer was BAMCO Inc (+1.6M shares) and the biggest seller Kayne Anderson Rudnick Investment Management LLC (−2.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
BAMCO Inc $1B 9.3M 27.1% ▲ 21.3%
Morgan Stanley $319M 2.9M 8.4% ▼ 10.6%
Blackrock, Inc. $250M 2.3M 6.6% ▲ 5.3%
Vanguard Portfolio Management LLC $121M 1.1M 3.2% ▲ 2.6%
Balyasny Asset Management L.P. $121M 1.1M 3.2% ▼ 6.7%
Vanguard Capital Management LLC $118M 1.1M 3.1% ▼ 1.7%
Kayne Anderson Rudnick Investment Management LLC $101M 917K 2.7% ▼ 71.5%
Voss Capital, LP $100M 910K 2.6% ▼ 5.9%
Boston Trust Walden Corp $99.1M 899K 2.6% ▼ 3.4%
State Street Corp $82.3M 747K 2.2% ▲ 1.8%
Citadel Advisors LLC $81.8M 742K 2.2% ▲ 98.7%
UBS Group AG $79.8M 723K 2.1% ▼ 19.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Choice Hotels International Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $4.8M 14 trades by 4 insiders · 89% under pre-set plans
Net ▼ $4.8M net selling
Insider Date Trade Shares Price Value
Dragisich Dominic President & CEO October 20, 2026 Sell pre-set plan 1,227 $112.00 $137,424
Jews William L Director August 18, 2026 Sell 5,057 $106.98 $540,998
Oaksmith Scott E SVP, Chief Financial Officer June 16, 2026 Sell pre-set plan 2,000 $115.00 $230,000
Oaksmith Scott E SVP, Chief Financial Officer June 12, 2026 Sell pre-set plan 2,000 $110.00 $220,000
Dragisich Dominic Interim CEO May 26, 2026 Sell pre-set plan 5,024 $113.56 $570,525
Dragisich Dominic Interim CEO May 26, 2026 Sell pre-set plan 13,521 $114.65 $1.6M
Dragisich Dominic Interim CEO May 26, 2026 Sell pre-set plan 1,972 $115.15 $227,076
Dragisich Dominic Interim CEO May 26, 2026 Sell pre-set plan 2,104 $112.50 $236,700
Oaksmith Scott E SVP, Chief Financial Officer March 18, 2026 Sell pre-set plan 1,603 $100.00 $160,300
Oaksmith Scott E SVP, Chief Financial Officer March 17, 2026 Sell pre-set plan 600 $100.07 $60,042
Wu Simone Senior Vice President February 2, 2026 Sell pre-set plan 400 $103.99 $41,596
Wu Simone Senior Vice President February 2, 2026 Sell pre-set plan 4,234 $101.01 $427,676

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Choice Hotels International Inc disclosed in the last 12 months; 1 earlier trade on record.

  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 24, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 18, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 5, 2026
  • April 30, 2026
  • February 19, 2026
  • November 5, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Choice Hotels International Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Choice Hotels International Inc in brief

What does Choice Hotels International Inc do?
Choice Hotels International Inc is a US-listed company in the hotels, resorts & cruise lines industry. Its financial year ends in December.
What is Choice Hotels International Inc's stock ticker?
Choice Hotels International Inc trades under the ticker CHH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Choice Hotels International Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Choice Hotels International Inc reported revenue of $1.6B, 2.1% higher than a year earlier, according to its SEC filings.
What is Choice Hotels International Inc's free cash flow?
Choice Hotels International Inc's free-cash-flow margin is 10.4% of revenue over the trailing twelve months, ranking 14 of the 24 hotels, resorts & cruise lines companies we cover.
Who are Choice Hotels International Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are BAMCO Inc, Morgan Stanley and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Choice Hotels International Inc buying back stock, and does it pay a dividend?
Choice Hotels International Inc spent $192M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is Choice Hotels International Inc's market cap?
On November 2, 2026, Choice Hotels International Inc's market capitalisation was about $5.4B, with a price-to-earnings ratio of 26.3 and net debt of $2B. Market figures come from third-party market data and may be delayed.
Does Choice Hotels International Inc pay a dividend?
Yes: Choice Hotels International Inc paid $52.6M in dividends over the trailing twelve months, a dividend yield of 0.99% and a payout ratio of 25.5%.
How much debt does Choice Hotels International Inc have?
Choice Hotels International Inc's debt-to-equity ratio is 1652.4%, from its latest balance sheet (268.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Choice Hotels International Inc's competitors?
In our Hotels, Resorts & Cruise Lines peer group, the companies closest to Choice Hotels International Inc are Wyndham Hotels & Resorts, Inc., Atour Lifestyle Holdings Ltd, Makemytrip Ltd, Lindblad Expeditions Holdings, Inc. and H World Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against Choice Hotels International Inc's.
Are insiders buying or selling Choice Hotels International Inc stock?
Over the last 12 months, Choice Hotels International Inc's directors and officers reported 0 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is Choice Hotels International Inc's next earnings date?
Around February 18, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Choice Hotels International Inc announces its own schedule.