Filing Flows › Choice Hotels International (CHH) › Q4 2025
Choice Hotels International (CHH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Choice Hotels International (CHH) reported revenue of $390M for the fourth quarter 2025 (Q4 2025), +0.1% from a year earlier and -13% from the quarter before. Operating margin was 26.0%, net earnings $63.7M (16.3% of revenue).
Choice Hotels International, Q4 2025: revenue $390M (+0.1% year over year), operating margin 26.0%, net earnings $63.7M, operating cash flow $85.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $390M | -13% | +0.1% |
| Operating profit | $101M | -29% | -15% |
| Net earnings | $63.7M | -65% | -16% |
| Operating cash flow | $85.7M | +25% | +3% |
| Free cash flow | $64.1M | +31% | +12% |
What changed
Revenue was $390.1M in Q4 2025, roughly flat year over year and down 13% from the previous quarter. Franchise and management fees was the largest line at 40% of revenue.
Operating profit was $101.5M, a 26.0% margin (down 4.6 points year over year). Operating profit fell $17.8M even though revenue rose $380K versus a year earlier, so costs grew faster than sales. Total costs grew 7% against flat revenue. Net earnings were $63.7M, down 16% year over year. The effective tax rate was 17.9%.
Operating cash flow was $85.7M (up 3% year over year), 135% of net earnings. Non-cash charges added back $16.8M of depreciation and amortization and $5.7M of share-based compensation. Capital expenditures of $21.6M left free cash flow of $64.1M.
Questions
What was Choice Hotels International's revenue in the fourth quarter 2025?
Choice Hotels International (CHH) reported revenue of $390M for the fourth quarter 2025 (Q4 2025), +0.1% from a year earlier and -13% from the quarter before.
Was Choice Hotels International profitable in the fourth quarter 2025?
Operating profit was $101M (26.0% of revenue) and net earnings $63.7M.