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Intercontinental Hotels Group vs Penn Entertainment: IHG and PENN compared
Intercontinental Hotels Group is the larger company: $2.7B of revenue in its latest quarter (H1 2026) against $1.8B for Penn Entertainment (Q3 2026). Penn Entertainment is growing faster (+7% against +6% a year earlier). Intercontinental Hotels Group is more profitable, with an operating margin of 25.2% against 6.9%.
Where the money goes: IHG and PENN
Intercontinental Hotels Group (IHG) · H1 2026
Intercontinental Hotels Group, H1 2026: revenue $2.7B (+6% year over year), operating margin 25.2%, net earnings $425M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
Penn Entertainment (PENN) · Q3 2026
Penn Entertainment, Q3 2026: revenue $1.8B (+7% year over year), operating margin 6.9%, net earnings $32.6M, operating cash flow $263M. The chart follows the revenue to costs, profit and cash.
| Intercontinental Hotels Group (IHG) | Penn Entertainment (PENN) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $2.7B | $1.8B |
| Revenue growth, Y/Y | +6% | +7% |
| Operating margin | 25.2% | 6.9% |
| Net earnings | $425M | $32.6M |
| Net margin | 16.0% | 1.8% |
| Operating cash flow | $355M | $263M |
| Free cash flow | $345M | $204M |
| Market value | — | $2.3B |
| Analysts’ mean target | — | $23.37 |
Where the revenue comes from
Intercontinental Hotels Group
- System Fund and reimbursable revenues: $1.4B (53%)
- Revenue from reportable segments c: $1.3B (47%)
Penn Entertainment
- Gaming: $1.4B (75%)
- Food, beverage, hotel, and other: $469M (25%)
Questions
Which is bigger, Intercontinental Hotels Group or Penn Entertainment?
Intercontinental Hotels Group is the larger company: $2.7B of revenue in its latest quarter (H1 2026) against $1.8B for Penn Entertainment (Q3 2026).
Is Intercontinental Hotels Group or Penn Entertainment growing faster?
Penn Entertainment is growing faster (+7% against +6% a year earlier).
Which is more profitable, Intercontinental Hotels Group or Penn Entertainment?
Intercontinental Hotels Group is more profitable, with an operating margin of 25.2% against 6.9%.
More: Intercontinental Hotels Group earnings · how Intercontinental Hotels Group makes money · Penn Entertainment earnings · how Penn Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Aug 11, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.