Choice Hotels International (CHH) Financials

$126.89 -3.51 (-2.69%)

Closing price 03:59 PM Eastern

Extended Trading

$127.00 +0.11 (+0.08%)

As of 04:04 PM Eastern

Annual Income Statements for Choice Hotels International

This table shows Choice Hotels International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	300	259	332	289	75	1,397	216	122	107	128
Consolidated Net Income / (Loss)	300	259	332	289	75	223	216	122	107	128
Net Income / (Loss) Continuing Operations	300	259	332	289	75	1,397	216	122	107	128
Total Pre-Tax Income	396	337	437	376	53	270	273	249	148	184
Total Operating Income	464	375	479	429	122	319	318	290	187	225
Total Gross Profit	744	690	700	600	311	2,274	1,041	941	808	860
Total Revenue	1,585	1,544	1,402	1,069	774	2,289	1,041	941	808	860
Operating Revenue	1,585	1,544	1,402	1,069	774	2,289	1,041	941	782	842
Total Cost of Revenue	841	854	702	470	463	14	0.00	0.00	0.00	0.00
Operating Cost of Revenue	841	854	702	470	463	14	0.00	0.00	-	-
Total Operating Expenses	280	315	221	171	189	782	723	652	621	635
Selling, General & Admin Expense	220	216	168	146	149	169	170	166	155	134
Depreciation Expense	43	40	30	25	26	19	14	6.68	7.00	12
Other Operating Expenses / (Income)	0.00	-	-	-	-	-	0.00	0.00	-	-
Impairment Charge	0.00	3.74	0.00	0.28	15	10	4.29	0.00	0.00	-
Restructuring Charge	17	56	40	0.00	-	-	-	-	-	-
Total Other Income / (Expense), net	-68	-38	-42	-52	-69	-49	-45	-40	-39	-41
Interest Expense	87	59	44	47	66	54	46	45	44	43
Interest & Investment Income	21	11	9.02	-11	-7.60	0.42	2.13	1.37	4.03	0.68
Other Income / (Expense), net	-1.64	11	-7.02	5.13	4.53	4.97	-1.44	3.23	1.50	0.82
Income Tax Expense	96	78	105	88	-22	47	57	127	41	56
Basic Earnings per Share	$6.26	$5.11	$6.05	$5.20	$1.36	$4.00	-	-	-	-
Weighted Average Basic Shares Outstanding	46.73M	49.56M	51.45M	55.56M	55.53M	55.71M	56.13M	56.11M	55.87M	56.81M
Diluted Earnings per Share	$6.20	$5.07	$5.99	$5.15	$1.35	$3.98	-	-	-	-
Weighted Average Diluted Shares Outstanding	46.73M	49.56M	51.45M	55.56M	55.53M	55.71M	56.13M	56.11M	55.87M	56.81M
Weighted Average Basic & Diluted Shares Outstanding	46.73M	49.56M	51.45M	55.56M	55.53M	55.71M	56.13M	56.11M	55.87M	56.81M
Cash Dividends to Common per Share	$1.15	-	$0.95	-	-	$0.87	$0.86	-	-	-

This table shows Choice Hotels International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	45	76	106	87	31	29	92	85	53	56	103
Consolidated Net Income / (Loss)	45	76	106	87	31	29	92	85	53	56	103
Net Income / (Loss) Continuing Operations	45	76	106	87	31	29	92	85	53	56	103
Total Pre-Tax Income	60	102	137	117	40	36	121	113	67	70	137
Total Operating Income	80	119	152	133	60	38	135	124	78	77	145
Total Gross Profit	168	187	213	209	136	142	200	202	147	150	211
Total Revenue	333	390	428	435	332	358	426	427	333	362	414
Operating Revenue	333	390	428	435	332	358	426	427	333	362	414
Total Cost of Revenue	165	203	215	226	196	217	226	225	186	212	204
Operating Cost of Revenue	165	203	215	226	196	217	226	225	186	212	204
Total Operating Expenses	88	67	61	77	75	104	65	78	69	73	66
Selling, General & Admin Expense	74	57	49	65	49	65	44	58	49	23	70
Depreciation Expense	14	11	11	11	11	10	9.63	9.81	10	9.99	8.73
Restructuring Charge	0.10	-0.49	0.98	0.90	16	25	11	9.38	10	-	-
Total Other Income / (Expense), net	-20	-18	-15	-16	-20	-2.06	-14	-12	-10	-6.67	-8.24
Interest Expense	21	21	22	24	20	13	16	16	14	12	9.36
Interest & Investment Income	1.51	5.33	3.72	10	1.58	2.88	3.70	2.24	1.82	2.49	3.42
Other Income / (Expense), net	-0.44	-1.77	4.01	-2.54	-1.34	7.90	-1.34	2.19	1.91	2.56	-2.30
Income Tax Expense	15	26	31	29	9.20	6.73	29	28	15	15	34
Basic Earnings per Share	$0.95	$1.57	$2.24	$1.82	$0.63	$0.60	$1.83	$1.66	$1.02	$1.07	$1.87
Weighted Average Basic Shares Outstanding	46.40M	46.73M	46.91M	47.21M	48.16M	49.56M	49.80M	50.38M	50.99M	51.45M	53.30M
Diluted Earnings per Share	$0.94	$1.56	$2.22	$1.80	$0.62	$0.59	$1.81	$1.65	$1.02	$1.05	$1.85
Weighted Average Diluted Shares Outstanding	46.40M	46.73M	46.91M	47.21M	48.16M	49.56M	49.80M	50.38M	50.99M	51.45M	53.30M
Weighted Average Basic & Diluted Shares Outstanding	46.40M	46.73M	46.91M	47.21M	48.16M	49.56M	49.80M	50.38M	50.99M	51.45M	53.30M
Cash Dividends to Common per Share	$0.29	-	$0.29	$0.29	$0.29	-	$0.29	$0.29	$0.29	-	$0.24

This table details how cash moves in and out of Choice Hotels International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	13	-15	-470	277	201	6.89	-208	31	9.48	-19
Net Cash From Operating Activities	319	297	367	384	110	271	243	257	152	165
Net Cash From Continuing Operating Activities	319	297	367	384	110	271	243	257	152	165
Net Income / (Loss) Continuing Operations	300	259	332	289	75	223	216	122	107	128
Consolidated Net Income / (Loss)	300	259	332	289	75	223	216	122	107	128
Depreciation Expense	71	76	64	50	48	36	34	27	28	12
Amortization Expense	29	20	16	13	11	7.99	9.24	7.19	6.42	-
Non-Cash Adjustments To Reconcile Net Income	-78	-63	-20	8.79	13	7.34	-22	3.30	2.81	18
Changes in Operating Assets and Liabilities, net	-1.63	4.79	-25	22	-38	-3.77	5.00	97	8.43	7.01
Net Cash From Investing Activities	-85	-266	-442	-79	-24	-251	-321	-90	-98	-100
Net Cash From Continuing Investing Activities	-85	-266	-442	-79	-24	-251	-321	-90	-98	-100
Purchase of Property, Plant & Equipment	-146	-116	-90	-74	-34	-57	-51	-23	-54	-37
Acquisitions	0.00	0.00	-550	-3.57	-1.36	-176	-243	-53	-39	-38
Purchase of Investments	-53	-151	-3.15	-4.48	-8.02	-31	-2.90	-2.45	-1.66	-3.22
Sale of Property, Plant & Equipment	0.00	0.00	167	6.12	0.00	11	3.05	1.00	11	6.35
Divestitures	16	0.87	45	16	11	19	0.00	0.00	-	-
Sale and/or Maturity of Investments	140	11	0.98	2.82	8.97	16	9.25	7.47	13	8.02
Other Investing Activities, net	-42	-9.72	-11	-21	-1.27	-33	-37	-20	-29	-36
Net Cash From Financing Activities	-222	-46	-394	-28	115	-12	-129	-136	-44	-85
Net Cash From Continuing Financing Activities	-222	-46	-394	-28	115	-12	-129	-136	-44	-85
Repayment of Debt	-508	-1.55	-273	-0.37	-511	-333	-3.19	-116	-1.27	-133
Repurchase of Common Equity	-381	-363	-435	-13	-55	-51	-149	-9.81	-36	-73
Payment of Dividends	-55	-56	-53	-25	-25	-48	-49	-49	-46	-45
Issuance of Debt	705	369	360	0.00	697	422	30	0.00	26	159
Other Financing Activities, net	18	6.35	5.75	11	10	-3.00	42	38	14	7.10
Cash Interest Paid	67	61	47	44	45	48	43	42	42	40
Cash Income Taxes Paid	108	94	116	107	8.61	42	77	39	66	55

This table details how cash moves in and out of Choice Hotels International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-0.28	-18	-1.99	18	15	-9.93	0.46	4.45	-9.99	-12	-554
Net Cash From Operating Activities	20	83	123	112	1.74	49	121	114	12	102	106
Net Cash From Continuing Operating Activities	20	83	123	112	1.74	49	121	114	12	102	106
Net Income / (Loss) Continuing Operations	45	76	106	87	31	29	92	85	53	56	103
Consolidated Net Income / (Loss)	45	76	106	87	31	29	92	85	53	56	103
Depreciation Expense	19	18	17	18	18	19	19	19	19	20	17
Amortization Expense	9.79	8.12	6.59	7.81	6.19	5.41	5.24	4.74	4.64	4.11	3.94
Non-Cash Adjustments To Reconcile Net Income	-15	-19	-26	-14	-19	-22	-16	-6.44	-18	-11	-5.08
Changes in Operating Assets and Liabilities, net	-38	0.02	19	14	-34	18	21	12	-46	33	-13
Net Cash From Investing Activities	-53	-21	-1.33	-19	-43	-162	-44	-30	-29	41	-460
Net Cash From Continuing Investing Activities	-53	-21	-1.33	-19	-43	-162	-44	-30	-29	41	-460
Purchase of Property, Plant & Equipment	-46	-31	-41	-41	-33	-35	-36	-26	-20	-24	-16
Purchase of Investments	-5.42	-2.57	-29	-11	-11	-123	-9.72	-12	-6.29	4.84	-4.02
Sale and/or Maturity of Investments	1.49	28	92	17	3.71	-0.33	0.79	9.34	1.05	-1.62	0.68
Other Investing Activities, net	-3.02	-17	-23	-0.47	-1.28	-5.95	1.04	-0.38	-4.43	-7.24	-1.62
Net Cash From Financing Activities	32	-80	-124	-75	56	103	-77	-80	7.44	-155	-200
Net Cash From Continuing Financing Activities	32	-80	-124	-75	56	103	-77	-80	7.44	-155	-200
Repurchase of Common Equity	-65	-32	-56	-233	-59	-58	-70	-74	-160	-188	-231
Payment of Dividends	-13	-13	-14	-14	-15	-14	-15	-15	-13	-13	-13
Issuance of Debt	106	-43	447	175	127	177	6.50	9.00	176	45	315
Other Financing Activities, net	4.80	8.25	5.02	0.10	4.16	-0.37	1.10	0.11	5.50	1.45	1.95
Cash Interest Paid	32	11	13	23	20	16	16	15	13	10	15
Cash Income Taxes Paid	3.03	43	36	27	2.33	24	38	31	1.60	34	41

This table presents Choice Hotels International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,531	2,395	2,102	1,932	1,587	1,387	1,138	995	852	717
Total Current Assets	339	297	348	762	433	237	244	400	345	311
Cash & Equivalents	40	27	42	512	235	34	27	235	202	193
Note & Lease Receivable	76	21	52	54	24	25	37	13	7.87	5.11
Accounts Receivable	177	196	217	153	150	142	138	126	107	89
Prepaid Expenses	41	39	33	30	20	-	-	-	-	-
Current Deferred & Refundable Income Taxes	5.42	14	4.76	13	4.19	11	10	0.00	0.32	5.49
Plant, Property, & Equipment, net	604	493	427	377	335	352	128	83	84	88
Total Noncurrent Assets	1,587	1,605	1,327	793	820	799	767	511	424	318
Long-Term Investments	117	187	31	28	58	104	128	155	112	85
Noncurrent Note & Lease Receivables	33	79	56	66	96	103	83	80	111	83
Goodwill	220	220	219	159	159	159	169	81	79	79
Intangible Assets	884	811	742	312	304	290	271	100	16	12
Noncurrent Deferred & Refundable Income Taxes	108	90	88	69	68	21	31	27	53	42
Employee Benefit Assets	48	40	32	34	29	-	-	-	-	-
Other Noncurrent Operating Assets	177	178	160	124	106	122	84	68	54	17
Total Liabilities & Shareholders' Equity	2,531	2,395	2,102	1,932	1,587	1,387	1,138	995	852	717
Total Liabilities	2,576	2,359	1,948	1,666	1,593	1,410	1,322	1,254	1,164	1,113
Total Current Liabilities	463	943	436	570	256	326	318	285	264	208
Short-Term Debt	0.00	499	2.98	216	0.00	7.51	1.10	1.23	1.20	1.19
Accounts Payable	135	131	119	81	83	73	74	68	48	64
Accrued Expenses	137	109	131	104	79	90	93	84	80	71
Current Deferred Revenue	102	108	93	82	50	72	-	-	133	72
Other Current Liabilities	89	95	90	87	43	83	151	131	-	-
Total Noncurrent Liabilities	2,113	1,417	1,512	1,096	1,337	1,084	1,004	969	900	905
Long-Term Debt	1,769	1,069	1,201	844	1,059	844	754	725	839	813
Noncurrent Deferred Revenue	132	142	150	126	146	139	26	29	0.00	-
Noncurrent Employee Benefit Liabilities	53	46	37	39	34	30	24	26	22	23
Other Noncurrent Operating Liabilities	159	160	125	86	99	71	200	189	39	69
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	-45	36	155	266	-5.75	-24	-184	-259	-311	-396
Total Preferred & Common Equity	-45	36	155	266	-5.75	-24	-184	-259	-311	-396
Total Common Equity	-45	36	155	266	-5.75	-24	-184	-259	-311	-396
Common Stock	371	332	299	260	235	232	214	183	160	151
Retained Earnings	2,001	1,756	1,556	1,275	1,025	969	795	627	608	515
Treasury Stock	-2,412	-2,047	-1,695	-1,265	-1,260	-1,220	-1,188	-1,065	-1,070	-1,053
Accumulated Other Comprehensive Income / (Loss)	-6.19	-5.67	-5.21	-4.57	-4.65	-4.55	-5.45	-4.70	-8.52	-8.78

This table presents Choice Hotels International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,578	2,544	2,519	2,475	2,232	2,150	2,106	2,189
Total Current Assets	358	339	448	339	353	348	341	459
Cash & Equivalents	40	59	60	42	36	36	32	53
Note & Lease Receivable	76	22	22	22	53	53	53	52
Accounts Receivable	194	211	235	225	224	220	214	298
Prepaid Expenses	44	43	31	41	34	34	37	56
Current Deferred & Refundable Income Taxes	4.14	4.21	9.70	8.56	5.74	5.14	4.74	0.51
Plant, Property, & Equipment, net	632	580	541	518	470	449	434	417
Total Noncurrent Assets	1,588	1,625	1,530	1,619	1,410	1,353	1,331	1,312
Long-Term Investments	122	110	81	189	55	45	33	30
Noncurrent Note & Lease Receivables	33	100	78	77	50	50	56	54
Goodwill	220	220	220	220	220	220	220	228
Intangible Assets	881	864	833	821	781	764	750	724
Noncurrent Deferred & Refundable Income Taxes	108	111	92	90	92	86	81	91
Employee Benefit Assets	44	48	45	44	36	36	35	29
Other Noncurrent Operating Assets	180	174	180	178	175	151	156	157
Total Liabilities & Shareholders' Equity	2,578	2,544	2,519	2,475	2,232	2,150	2,106	2,189
Total Liabilities	2,642	2,640	2,666	2,468	2,160	2,096	2,059	1,904
Total Current Liabilities	427	479	452	920	419	407	370	426
Accounts Payable	122	153	151	135	124	121	93	130
Accrued Expenses	101	122	97	70	97	99	79	125
Current Deferred Revenue	116	103	106	116	86	87	104	86
Other Current Liabilities	89	101	98	99	108	96	90	82
Total Noncurrent Liabilities	2,214	2,161	2,214	1,549	1,741	1,689	1,690	1,478
Long-Term Debt	1,875	1,811	1,868	1,196	1,391	1,384	1,375	1,155
Noncurrent Deferred Revenue	131	132	132	186	53	55	196	199
Noncurrent Employee Benefit Liabilities	50	53	51	49	41	41	40	43
Other Noncurrent Operating Liabilities	158	165	162	118	255	208	78	81
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-64	-96	-147	6.73	72	55	47	285
Total Preferred & Common Equity	-64	-96	-147	6.73	72	55	47	285
Total Common Equity	-64	-96	-147	6.73	72	55	47	285
Common Stock	377	357	345	337	323	312	301	285
Retained Earnings	2,032	1,939	1,847	1,773	1,742	1,664	1,594	1,513
Treasury Stock	-2,467	-2,387	-2,333	-2,098	-1,987	-1,917	-1,843	-1,507
Accumulated Other Comprehensive Income / (Loss)	-6.13	-5.38	-5.91	-5.22	-4.71	-4.52	-4.82	-5.71

This table displays calculated financial ratios and metrics derived from Choice Hotels International's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.63%	10.14%	31.11%	38.14%	-66.18%	119.80%	10.62%	16.51%	-6.04%	13.44%
EBITDA Growth	16.67%	-12.65%	10.72%	167.67%	-49.41%	2.06%	10.03%	47.04%	-6.33%	6.34%
EBIT Growth	19.82%	-18.22%	8.64%	243.95%	-60.99%	2.04%	8.25%	55.33%	-16.62%	5.60%
NOPAT Growth	22.09%	-20.94%	10.55%	90.25%	-34.21%	4.31%	77.36%	5.51%	-14.06%	4.53%
Net Income Growth	15.92%	-22.17%	14.95%	283.30%	-66.18%	3.02%	76.87%	14.63%	-16.65%	3.95%
EPS Growth	22.29%	-15.36%	16.31%	281.48%	-66.08%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	7.70%	-19.21%	-4.34%	248.62%	-59.32%	11.39%	-5.63%	69.29%	-7.90%	-12.01%
Free Cash Flow Firm Growth	-4.71%	235.88%	-144.67%	192.75%	968.59%	86.17%	-130.79%	367.21%	-33.47%	-61.44%
Invested Capital Growth	12.67%	8.08%	63.45%	3.48%	10.08%	66.12%	436.34%	-63.94%	53.46%	91.23%
Revenue Q/Q Growth	2.02%	-0.23%	5.84%	9.33%	-61.73%	109.65%	2.31%	16.03%	-12.88%	3.06%
EBITDA Q/Q Growth	15.12%	-6.59%	-3.91%	21.80%	-19.42%	6.18%	-3.73%	22.26%	-9.74%	1.02%
EBIT Q/Q Growth	18.40%	-8.05%	-5.91%	25.81%	-28.50%	6.95%	-4.91%	28.25%	-19.84%	0.94%
NOPAT Q/Q Growth	19.80%	-9.47%	-5.28%	22.69%	-2.15%	3.83%	25.16%	-10.55%	-18.19%	2.57%
Net Income Q/Q Growth	18.53%	-9.32%	-2.52%	24.16%	-31.27%	5.04%	23.58%	-6.84%	-21.97%	3.16%
EPS Q/Q Growth	18.55%	-8.32%	-1.48%	24.10%	-31.12%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	11.72%	-15.04%	-9.07%	34.34%	-26.26%	-5.74%	1.55%	12.56%	1.47%	7.97%
Free Cash Flow Firm Q/Q Growth	41.77%	-39.07%	16.54%	29.62%	-11.12%	-217.99%	-99.20%	66.67%	-58.02%	11.73%
Invested Capital Q/Q Growth	1.28%	0.97%	-5.47%	-3.36%	-2.44%	-3.92%	-12.58%	-66.43%	-10.34%	-35.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.96%	44.70%	49.93%	56.07%	40.20%	99.37%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	35.44%	31.18%	39.31%	46.55%	24.02%	16.06%	34.59%	34.78%	27.56%	27.64%
Operating Margin	29.26%	24.29%	34.14%	40.11%	15.72%	13.92%	30.58%	30.77%	23.15%	26.20%
EBIT Margin	29.16%	24.98%	33.64%	40.59%	16.30%	14.13%	30.45%	31.11%	23.34%	26.30%
Profit (Net Income) Margin	18.91%	16.74%	23.69%	27.02%	9.74%	9.74%	20.78%	13.00%	13.21%	14.89%
Tax Burden Percent	75.74%	76.72%	76.04%	76.75%	142.22%	82.57%	79.18%	49.08%	72.03%	69.59%
Interest Burden Percent	85.61%	87.37%	92.63%	86.74%	42.00%	83.44%	86.19%	85.09%	78.56%	81.36%
Effective Tax Rate	24.26%	23.28%	23.96%	23.25%	-42.22%	17.43%	20.82%	50.92%	27.97%	30.41%
Return on Invested Capital (ROIC)	23.77%	21.50%	35.12%	42.56%	23.85%	47.54%	102.23%	97.21%	75.90%	146.99%
ROIC Less NNEP Spread (ROIC-NNEP)	20.29%	19.15%	31.27%	36.30%	10.66%	41.43%	94.58%	92.61%	70.62%	141.45%
Return on Net Nonoperating Assets (RNNOA)	-6,219.67%	250.24%	122.85%	179.61%	-539.09%	-262.59%	-200.05%	-140.14%	-106.08%	-178.04%
Return on Equity (ROE)	-6,195.91%	271.74%	157.96%	222.16%	-515.24%	-215.05%	-97.82%	-42.93%	-30.18%	-31.05%
Cash Return on Invested Capital (CROIC)	11.85%	13.74%	-13.05%	39.14%	14.25%	-2.15%	-34.91%	191.20%	33.71%	84.34%
Operating Return on Assets (OROA)	18.77%	17.15%	23.38%	24.67%	8.49%	25.62%	29.72%	31.70%	24.03%	33.38%
Return on Assets (ROA)	12.17%	11.50%	16.47%	16.42%	5.07%	17.65%	20.28%	13.24%	13.60%	18.90%
Return on Common Equity (ROCE)	-6,195.91%	271.74%	157.96%	222.16%	-515.24%	-215.05%	-97.82%	-42.93%	-30.18%	-31.05%
Return on Equity Simple (ROE_SIMPLE)	-661.94%	726.18%	214.76%	108.68%	-1,310.62%	-947.97%	-117.73%	-47.30%	-34.27%	-32.34%
Net Operating Profit after Tax (NOPAT)	351	288	364	329	173	263	252	142	135	157
NOPAT Margin	22.16%	18.63%	25.96%	30.79%	22.35%	11.49%	24.22%	15.10%	16.68%	18.23%
Net Nonoperating Expense Percent (NNEP)	3.48%	2.35%	3.85%	6.25%	13.19%	6.11%	7.65%	4.60%	5.28%	5.54%
Return On Investment Capital (ROIC_SIMPLE)	20.38%	17.94%	26.80%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	53.04%	55.30%	50.07%	43.93%	59.80%	0.63%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	13.87%	13.99%	11.96%	13.62%	19.24%	7.38%	16.33%	17.62%	19.15%	15.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.69%	20.42%	15.80%	15.96%	24.48%	34.16%	69.42%	69.23%	76.85%	73.80%
Earnings before Interest and Taxes (EBIT)	462	386	472	434	126	324	317	293	189	226
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	562	481	551	498	186	368	360	327	223	238
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	157.09	38.10	31.86	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.19	3.62	4.20	7.92	7.44	2.44	3.69	4.43	3.65	3.06
Price to Earnings (P/E)	22.18	21.63	17.74	29.32	76.37	4.00	17.77	34.07	27.61	20.54
Dividend Yield	0.81%	1.02%	0.86%	0.30%	0.85%	0.87%	1.25%	1.17%	1.58%	1.70%
Earnings Yield	4.51%	4.62%	5.64%	3.41%	1.31%	25.01%	5.63%	2.94%	3.62%	4.87%
Enterprise Value to Invested Capital (EV/IC)	5.27	5.00	5.46	11.43	8.58	9.12	10.69	58.10	16.15	22.60
Enterprise Value to Revenue (EV/Rev)	5.21	4.50	5.01	8.41	8.43	2.75	4.27	4.78	4.30	3.68
Enterprise Value to EBITDA (EV/EBITDA)	14.70	14.43	12.74	18.06	35.08	17.14	12.34	13.76	15.60	13.32
Enterprise Value to EBIT (EV/EBIT)	17.87	18.01	14.89	20.72	51.69	19.48	14.02	15.38	18.41	14.00
Enterprise Value to NOPAT (EV/NOPAT)	23.51	24.14	19.30	27.31	37.70	23.95	17.63	31.68	25.77	20.19
Enterprise Value to Operating Cash Flow (EV/OCF)	25.85	23.42	19.13	23.44	59.27	23.29	18.30	17.50	22.84	19.18
Enterprise Value to Free Cash Flow (EV/FCFF)	47.16	37.80	0.00	29.70	63.08	0.00	0.00	16.11	58.01	35.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-39.07	44.05	7.78	3.99	-184.06	-36.22	-4.11	-2.81	-2.70	-2.06
Long-Term Debt to Equity	-39.07	30.02	7.76	3.17	-184.06	-35.90	-4.10	-2.80	-2.70	-2.05
Financial Leverage	-306.59	13.06	3.93	4.95	-50.59	-6.34	-2.12	-1.51	-1.50	-1.26
Leverage Ratio	-509.18	23.64	9.59	13.53	-101.63	-12.18	-4.82	-3.24	-2.22	-1.64
Compound Leverage Factor	-435.93	20.65	8.89	11.73	-42.69	-10.16	-4.16	-2.76	-1.74	-1.34
Debt to Total Capital	102.63%	97.78%	88.61%	79.95%	100.55%	102.84%	132.19%	155.27%	158.83%	194.66%
Short-Term Debt to Total Capital	0.00%	31.13%	0.22%	16.31%	0.00%	0.91%	0.19%	0.26%	0.23%	0.28%
Long-Term Debt to Total Capital	102.63%	66.65%	88.39%	63.64%	100.55%	101.93%	132.00%	155.00%	158.60%	194.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-2.63%	2.22%	11.39%	20.05%	-0.55%	-2.84%	-32.19%	-55.27%	-58.83%	-94.66%
Debt to EBITDA	3.15	3.26	2.18	2.13	5.69	2.32	2.10	2.22	3.78	3.43
Net Debt to EBITDA	2.87	2.81	2.05	1.05	4.12	1.94	1.66	1.03	2.36	2.26
Long-Term Debt to EBITDA	3.15	2.22	2.18	1.70	5.69	2.30	2.09	2.22	3.77	3.42
Debt to NOPAT	5.03	5.45	3.31	3.22	6.12	3.24	2.99	5.11	6.24	5.19
Net Debt to NOPAT	4.59	4.71	3.11	1.58	4.43	2.72	2.38	2.36	3.91	3.42
Long-Term Debt to NOPAT	5.03	3.71	3.30	2.56	6.12	3.21	2.99	5.10	6.23	5.18
Altman Z-Score	3.83	3.30	4.21	5.39	3.96	5.70	4.48	4.93	4.31	4.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.31	0.80	1.34	1.69	0.73	0.77	1.41	1.31	1.49
Quick Ratio	0.63	0.26	0.71	1.26	1.60	0.62	0.63	1.32	1.20	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	175	184	-135	303	103	-12	-86	280	60	90
Operating Cash Flow to CapEx	218.99%	255.04%	0.00%	562.81%	327.53%	578.64%	508.16%	1,147.10%	359.32%	539.16%
Free Cash Flow to Firm to Interest Expense	2.00	3.10	-3.09	6.49	1.58	-0.22	-1.88	6.21	1.35	2.10
Operating Cash Flow to Interest Expense	3.65	5.00	8.38	8.22	1.68	5.01	5.29	5.71	3.42	3.85
Operating Cash Flow Less CapEx to Interest Expense	1.98	3.04	10.13	6.76	1.17	4.14	4.25	5.22	2.47	3.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.69	0.70	0.61	0.52	1.81	0.98	1.02	1.03	1.27
Accounts Receivable Turnover	8.51	7.49	7.58	7.06	5.31	16.37	7.89	8.07	8.22	9.50
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.89	3.35	3.48	3.00	2.26	9.56	9.87	11.24	9.38	10.39
Accounts Payable Turnover	6.32	6.83	7.02	5.71	5.91	0.20	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	42.90	48.75	48.13	51.73	68.72	22.29	46.25	45.21	44.43	38.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	57.78	53.46	52.01	63.92	61.81	1,856.33	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-14.88	-4.71	-3.88	-12.19	6.91	-1,834.03	46.25	45.21	44.43	38.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,566	1,390	1,286	787	760	691	416	78	215	140
Invested Capital Turnover	1.07	1.15	1.35	1.38	1.07	4.14	4.22	6.44	4.55	8.06
Increase / (Decrease) in Invested Capital	176	104	499	26	70	275	338	-137	75	67
Enterprise Value (EV)	8,258	6,946	7,023	8,992	6,523	6,300	4,445	4,504	3,472	3,166
Market Capitalization	6,646	5,592	5,892	8,471	5,757	5,586	3,845	4,168	2,946	2,630
Book Value per Share	($0.97)	$0.71	$2.90	$4.78	($0.10)	($0.42)	($3.28)	($4.57)	($5.55)	($6.99)
Tangible Book Value per Share	($24.51)	($19.99)	($15.13)	($3.70)	($8.45)	($8.49)	($11.15)	($7.77)	($7.24)	($8.60)
Total Capital	1,723	1,604	1,358	1,326	1,053	828	571	468	529	418
Total Debt	1,769	1,568	1,204	1,060	1,059	852	755	727	841	814
Total Long-Term Debt	1,769	1,069	1,201	844	1,059	844	754	725	839	813
Net Debt	1,611	1,354	1,131	521	766	714	600	336	526	536
Capital Expenditures (CapEx)	146	116	-77	68	34	47	48	22	42	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-164	-174	-127	-104	-58	-116	-100	-118	-120	-89
Debt-free Net Working Capital (DFNWC)	-124	-147	-85	408	177	-82	-74	117	82	104
Net Working Capital (NWC)	-124	-646	-88	191	177	-89	-75	116	81	103
Net Nonoperating Expense (NNE)	52	29	32	40	98	40	36	20	28	29
Net Nonoperating Obligations (NNO)	1,611	1,354	1,131	521	766	714	600	336	526	536
Total Depreciation and Amortization (D&A)	100	96	80	64	60	44	43	34	34	12
Debt-free, Cash-free Net Working Capital to Revenue	-10.34%	-11.25%	-9.03%	-9.72%	-7.46%	-5.05%	-9.62%	-12.57%	-14.86%	-10.39%
Debt-free Net Working Capital to Revenue	-7.80%	-9.51%	-6.06%	38.13%	22.87%	-3.57%	-7.06%	12.43%	10.20%	12.11%
Net Working Capital to Revenue	-7.80%	-41.85%	-6.28%	17.90%	22.87%	-3.90%	-7.17%	12.30%	10.05%	11.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.26	$5.11	$6.05	$5.20	$0.00	$0.00	$0.00	$0.00	$2.48	$2.24
Adjusted Weighted Average Basic Shares Outstanding	46.73M	49.56M	51.45M	55.56M	55.53M	55.71M	55.65M	56.92M	56.28M	56.39M
Adjusted Diluted Earnings per Share	$6.20	$5.07	$5.99	$5.15	$0.00	$0.00	$0.00	$0.00	$2.46	$2.22
Adjusted Weighted Average Diluted Shares Outstanding	46.73M	49.56M	51.45M	55.56M	55.53M	55.71M	55.65M	56.92M	56.28M	56.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.73M	49.56M	51.45M	55.56M	55.53M	55.71M	55.65M	56.92M	56.28M	56.39M
Normalized Net Operating Profit after Tax (NOPAT)	364	333	382	329	95	275	255	203	134	157
Normalized NOPAT Margin	22.99%	21.59%	27.22%	30.81%	12.34%	12.03%	24.54%	21.52%	16.62%	18.23%
Pre Tax Income Margin	24.96%	21.82%	31.16%	35.21%	6.85%	11.79%	26.24%	26.48%	18.34%	21.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.28	6.50	10.77	9.30	1.92	5.99	6.91	6.50	4.24	5.28
NOPAT to Interest Expense	4.02	4.85	8.31	7.05	2.64	4.87	5.49	3.16	3.03	3.66
EBIT Less CapEx to Interest Expense	3.62	4.54	12.52	7.84	1.41	5.13	5.86	6.00	3.29	4.56
NOPAT Less CapEx to Interest Expense	2.35	2.89	10.06	5.59	2.13	4.01	4.45	2.66	2.08	2.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.52%	21.84%	15.82%	8.67%	33.53%	21.58%	22.52%	39.77%	43.28%	35.32%
Augmented Payout Ratio	145.58%	162.17%	146.71%	13.29%	107.08%	44.30%	91.24%	47.79%	76.94%	92.23%

This table displays calculated financial ratios and metrics derived from Choice Hotels International's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.27%	8.75%	0.57%	1.81%	-0.25%	-0.99%	2.73%	16.15%	29.13%	27.17%	28.11%
EBITDA Growth	30.09%	105.76%	14.06%	3.35%	-20.00%	-32.74%	-3.95%	-10.75%	-9.71%	-17.78%	-5.91%
EBIT Growth	35.17%	157.31%	16.53%	2.77%	-26.26%	-42.51%	-6.32%	-16.61%	-18.35%	-27.18%	-10.07%
NOPAT Growth	28.41%	190.14%	14.13%	5.88%	-23.86%	-49.62%	-6.21%	-20.35%	-20.20%	-25.09%	-10.74%
Net Income Growth	43.62%	161.82%	14.88%	2.86%	-41.29%	-47.84%	-10.73%	-20.21%	-21.62%	-13.37%	-11.64%
EPS Growth	51.61%	164.41%	22.65%	9.09%	-39.22%	-43.81%	-2.16%	-12.70%	-15.00%	-7.89%	-11.06%
Operating Cash Flow Growth	1,075.59%	67.86%	1.23%	-1.63%	-85.53%	-51.54%	14.74%	19.16%	-81.18%	-26.43%	-25.89%
Free Cash Flow Firm Growth	-85.96%	-19.07%	-161.05%	93.23%	86.79%	83.28%	119.75%	-582.25%	-919.91%	-901.50%	-598.41%
Invested Capital Growth	12.07%	12.67%	12.33%	9.39%	8.07%	8.08%	1.19%	61.59%	65.97%	63.45%	67.10%
Revenue Q/Q Growth	-14.60%	-8.92%	-1.65%	31.09%	-7.38%	-15.78%	-0.44%	28.43%	-8.06%	-12.62%	12.58%
EBITDA Q/Q Growth	-24.83%	-20.10%	15.57%	87.42%	18.90%	-55.71%	4.72%	45.08%	-0.05%	-36.74%	-2.70%
EBIT Q/Q Growth	-32.31%	-24.62%	19.77%	121.17%	28.85%	-65.86%	5.63%	58.70%	0.46%	-44.37%	-5.98%
NOPAT Q/Q Growth	-32.96%	-24.05%	18.03%	113.69%	51.47%	-70.12%	9.49%	53.67%	0.22%	-44.38%	-7.02%
Net Income Q/Q Growth	-41.25%	-28.29%	21.32%	181.00%	7.10%	-68.54%	8.63%	60.37%	-4.85%	-46.15%	-2.91%
EPS Q/Q Growth	-39.74%	-29.73%	23.33%	190.32%	5.08%	-67.40%	9.70%	61.76%	-2.86%	-43.24%	-2.12%
Operating Cash Flow Q/Q Growth	-75.30%	-32.60%	9.92%	6,324.70%	-96.47%	-59.35%	6.81%	844.95%	-88.19%	-3.77%	10.93%
Free Cash Flow Firm Q/Q Growth	-35.15%	-65.66%	-82.83%	54.57%	13.46%	-184.94%	120.28%	11.37%	-9.53%	-0.32%	-595.15%
Invested Capital Q/Q Growth	5.28%	1.28%	3.76%	1.30%	5.85%	0.97%	1.05%	0.07%	5.86%	-5.47%	61.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.47%	47.87%	49.70%	48.11%	40.84%	39.49%	46.90%	47.26%	44.22%	41.47%	50.83%
EBITDA Margin	32.42%	36.83%	41.99%	35.73%	24.99%	19.47%	37.02%	35.20%	31.16%	28.66%	39.59%
Operating Margin	24.01%	30.59%	35.47%	30.48%	18.12%	10.53%	31.73%	29.10%	23.39%	21.23%	35.01%
EBIT Margin	23.88%	30.13%	36.40%	29.89%	17.72%	12.74%	31.42%	29.61%	23.97%	21.93%	34.45%
Profit (Net Income) Margin	13.38%	19.45%	24.70%	20.02%	9.34%	8.08%	21.62%	19.82%	15.87%	15.34%	24.88%
Tax Burden Percent	74.52%	74.53%	77.08%	74.74%	77.12%	81.13%	75.91%	75.27%	78.26%	79.11%	75.36%
Interest Burden Percent	75.18%	86.60%	88.03%	89.62%	68.37%	78.18%	90.67%	88.92%	84.62%	88.38%	95.84%
Effective Tax Rate	25.48%	25.47%	22.92%	25.26%	22.88%	18.87%	24.09%	24.73%	21.74%	20.89%	24.64%
Return on Invested Capital (ROIC)	18.19%	24.44%	29.06%	24.77%	15.23%	9.86%	27.24%	30.52%	24.79%	22.72%	32.14%
ROIC Less NNEP Spread (ROIC-NNEP)	17.24%	23.56%	28.29%	23.96%	14.12%	9.73%	26.36%	29.49%	23.90%	22.08%	31.40%
Return on Net Nonoperating Assets (RNNOA)	-957.71%	-7,224.73%	-3,511.98%	-766.09%	730.25%	127.09%	175.79%	108.48%	120.26%	86.74%	106.08%
Return on Equity (ROE)	-939.52%	-7,200.28%	-3,482.92%	-741.31%	745.48%	136.95%	203.04%	139.00%	145.05%	109.46%	138.22%
Cash Return on Invested Capital (CROIC)	12.00%	11.85%	8.45%	10.57%	11.53%	13.74%	22.04%	-17.66%	-17.66%	-13.05%	-14.90%
Operating Return on Assets (OROA)	14.99%	19.39%	23.68%	19.86%	11.94%	8.75%	22.00%	21.53%	17.36%	15.25%	22.51%
Return on Assets (ROA)	8.40%	12.52%	16.07%	13.30%	6.29%	5.55%	15.14%	14.41%	11.50%	10.66%	16.26%
Return on Common Equity (ROCE)	-939.52%	-7,200.28%	-3,482.92%	-741.31%	745.48%	136.95%	203.04%	139.00%	145.05%	109.46%	138.22%
Return on Equity Simple (ROE_SIMPLE)	-489.86%	0.00%	-262.93%	-162.91%	3,518.60%	0.00%	393.67%	541.45%	675.59%	0.00%	119.76%
Net Operating Profit after Tax (NOPAT)	60	89	117	99	46	31	103	94	61	61	109
NOPAT Margin	17.89%	22.80%	27.34%	22.78%	13.97%	8.55%	24.09%	21.90%	18.31%	16.79%	26.38%
Net Nonoperating Expense Percent (NNEP)	0.95%	0.88%	0.77%	0.81%	1.11%	0.13%	0.88%	1.03%	0.89%	0.64%	0.74%
Return On Investment Capital (ROIC_SIMPLE)	3.29%	5.16%	-	-	-	1.91%	-	-	-	4.48%	-
Cost of Revenue to Revenue	49.53%	52.13%	50.30%	51.89%	59.16%	60.51%	53.10%	52.74%	55.78%	58.53%	49.17%
SG&A Expenses to Revenue	22.29%	14.67%	11.47%	14.94%	14.65%	18.05%	10.35%	13.67%	14.70%	6.43%	16.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.45%	17.28%	14.24%	17.63%	22.72%	28.96%	15.17%	18.16%	20.83%	20.25%	15.82%
Earnings before Interest and Taxes (EBIT)	79	117	156	130	59	46	134	127	80	79	143
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	144	180	155	83	70	158	150	104	104	164
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	930.96	157.09	84.43	108.26	126.72	38.10	21.12
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.90	4.19	3.95	3.69	4.06	3.62	3.95	3.85	4.03	4.20	4.54
Price to Earnings (P/E)	19.77	22.18	24.28	23.91	26.46	21.63	21.45	19.99	18.76	17.74	17.63
Dividend Yield	0.87%	0.81%	0.88%	0.97%	0.91%	1.02%	0.91%	0.86%	0.86%	0.86%	0.88%
Earnings Yield	5.06%	4.51%	4.12%	4.18%	3.78%	4.62%	4.66%	5.00%	5.33%	5.64%	5.67%
Enterprise Value to Invested Capital (EV/IC)	4.79	5.27	5.03	4.94	5.25	5.00	5.39	5.31	5.34	5.46	5.21
Enterprise Value to Revenue (EV/Rev)	4.98	5.21	5.01	4.74	5.01	4.50	4.79	4.70	4.92	5.01	5.35
Enterprise Value to EBITDA (EV/EBITDA)	13.47	14.70	15.95	15.79	16.77	14.43	14.39	13.85	13.46	12.74	12.35
Enterprise Value to EBIT (EV/EBIT)	16.37	17.87	19.93	19.97	21.19	18.01	17.69	16.87	16.03	14.89	14.13
Enterprise Value to NOPAT (EV/NOPAT)	21.67	23.51	26.54	26.39	28.29	24.14	23.34	22.27	20.87	19.30	18.44
Enterprise Value to Operating Cash Flow (EV/OCF)	23.38	25.85	27.22	25.86	26.99	23.42	21.25	21.68	23.07	19.13	17.55
Enterprise Value to Free Cash Flow (EV/FCFF)	42.22	47.16	62.99	48.80	47.32	37.80	24.59	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-29.32	-39.07	-18.83	-12.73	252.00	44.05	19.27	25.39	29.34	7.78	4.07
Long-Term Debt to Equity	-29.32	-39.07	-18.83	-12.73	177.75	30.02	19.21	25.31	29.25	7.76	4.06
Financial Leverage	-55.54	-306.59	-124.13	-31.98	51.71	13.06	6.67	3.68	5.03	3.93	3.38
Leverage Ratio	-88.32	-509.18	-201.20	-50.70	85.26	23.64	12.39	8.97	11.28	9.59	8.16
Compound Leverage Factor	-66.40	-440.96	-177.12	-45.44	58.29	18.48	11.23	7.97	9.54	8.48	7.82
Debt to Total Capital	103.53%	102.63%	105.61%	108.53%	99.60%	97.78%	95.07%	96.21%	96.70%	88.61%	80.28%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	29.35%	31.13%	0.30%	0.31%	0.31%	0.22%	0.21%
Long-Term Debt to Total Capital	103.53%	102.63%	105.61%	108.53%	70.26%	66.65%	94.77%	95.91%	96.39%	88.39%	80.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-3.53%	-2.63%	-5.61%	-8.53%	0.40%	2.22%	4.93%	3.79%	3.30%	11.39%	19.72%
Debt to EBITDA	3.20	3.15	3.71	4.01	3.68	3.26	2.71	2.66	2.55	2.18	2.02
Net Debt to EBITDA	2.92	2.87	3.37	3.51	3.18	2.81	2.53	2.51	2.43	2.05	1.88
Long-Term Debt to EBITDA	3.20	3.15	3.71	4.01	2.60	2.22	2.70	2.65	2.55	2.18	2.01
Debt to NOPAT	5.14	5.03	6.18	6.71	6.21	5.45	4.39	4.28	3.96	3.31	3.01
Net Debt to NOPAT	4.70	4.59	5.60	5.87	5.36	4.71	4.10	4.03	3.77	3.11	2.80
Long-Term Debt to NOPAT	5.14	5.03	6.18	6.71	4.38	3.71	4.38	4.27	3.95	3.30	3.01
Altman Z-Score	3.19	3.38	3.21	3.10	2.95	2.83	3.65	3.65	3.61	3.59	3.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.84	0.73	0.71	0.99	0.37	0.31	0.84	0.86	0.92	0.80	1.08
Quick Ratio	0.73	0.63	0.61	0.90	0.31	0.26	0.75	0.76	0.81	0.71	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-118	-87	-53	-29	-63	-73	86	-426	-480	-438	-437
Operating Cash Flow to CapEx	44.49%	267.36%	297.54%	274.41%	5.31%	141.55%	340.02%	435.35%	61.50%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-5.55	-4.14	-2.36	-1.21	-3.14	-5.71	5.34	-26.16	-34.10	-37.43	-46.68
Operating Cash Flow to Interest Expense	0.96	3.93	5.50	4.69	0.09	3.84	7.51	6.99	0.85	8.70	11.31
Operating Cash Flow Less CapEx to Interest Expense	-1.20	2.46	3.65	2.98	-1.54	1.13	5.30	5.38	-0.53	8.88	21.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.64	0.65	0.66	0.67	0.69	0.70	0.73	0.72	0.70	0.65
Accounts Receivable Turnover	7.56	8.51	7.15	6.81	7.03	7.49	5.94	7.25	7.59	7.58	5.35
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.76	2.89	2.96	3.13	3.24	3.35	3.49	4.00	3.56	3.48	3.44
Accounts Payable Turnover	6.50	6.32	6.17	6.36	7.57	6.83	6.68	7.27	8.37	7.02	7.59
Days Sales Outstanding (DSO)	48.27	42.90	51.07	53.59	51.95	48.75	61.48	50.36	48.08	48.13	68.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	56.18	57.78	59.15	57.40	48.22	53.46	54.60	50.21	43.61	52.01	48.09
Cash Conversion Cycle (CCC)	-7.90	-14.88	-8.08	-3.80	3.73	-4.71	6.88	0.15	4.48	-3.88	20.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,649	1,566	1,546	1,490	1,471	1,390	1,377	1,362	1,361	1,286	1,360
Invested Capital Turnover	1.02	1.07	1.06	1.09	1.09	1.15	1.13	1.39	1.35	1.35	1.22
Increase / (Decrease) in Invested Capital	178	176	170	128	110	104	16	519	541	499	546
Enterprise Value (EV)	7,904	8,258	7,781	7,354	7,727	6,946	7,418	7,228	7,271	7,023	7,084
Market Capitalization	6,191	6,646	6,138	5,717	6,263	5,592	6,114	5,921	5,957	5,892	6,008
Book Value per Share	($1.37)	($0.97)	($2.04)	($3.05)	$0.14	$0.71	$1.44	$1.07	$0.91	$2.90	$5.10
Tangible Book Value per Share	($24.93)	($24.51)	($25.00)	($24.92)	($21.48)	($19.99)	($18.44)	($18.24)	($17.95)	($15.13)	($11.95)
Total Capital	1,811	1,723	1,715	1,722	1,702	1,604	1,468	1,443	1,426	1,358	1,443
Total Debt	1,875	1,769	1,811	1,868	1,695	1,568	1,396	1,389	1,379	1,204	1,158
Total Long-Term Debt	1,875	1,769	1,811	1,868	1,196	1,069	1,391	1,384	1,375	1,201	1,155
Net Debt	1,713	1,611	1,642	1,637	1,464	1,354	1,304	1,308	1,314	1,131	1,076
Capital Expenditures (CapEx)	46	31	41	41	33	35	36	26	20	-2.14	-91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-109	-164	-199	-155	-124	-174	-98	-90	-56	-127	-17
Debt-free Net Working Capital (DFNWC)	-69	-124	-140	-3.93	-82	-147	-62	-54	-24	-85	36
Net Working Capital (NWC)	-69	-124	-140	-3.93	-581	-646	-66	-59	-28	-88	33
Net Nonoperating Expense (NNE)	15	13	11	12	15	1.67	10	8.91	8.10	5.28	6.21
Net Nonoperating Obligations (NNO)	1,713	1,611	1,642	1,637	1,464	1,354	1,304	1,308	1,314	1,131	1,076
Total Depreciation and Amortization (D&A)	28	26	24	25	24	24	24	24	24	24	21
Debt-free, Cash-free Net Working Capital to Revenue	-6.89%	-10.34%	-12.79%	-9.98%	-8.01%	-11.25%	-6.34%	-5.88%	-3.77%	-9.03%	-1.27%
Debt-free Net Working Capital to Revenue	-4.36%	-7.80%	-9.02%	-0.25%	-5.28%	-9.51%	-3.99%	-3.52%	-1.63%	-6.06%	2.70%
Net Working Capital to Revenue	-4.36%	-7.80%	-9.02%	-0.25%	-37.65%	-41.85%	-4.28%	-3.81%	-1.93%	-6.28%	2.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.95	$1.57	$2.24	$1.82	$0.63	$0.60	$1.83	$1.66	$1.02	$1.07	$1.87
Adjusted Weighted Average Basic Shares Outstanding	46.40M	46.73M	46.91M	47.21M	48.16M	49.56M	49.80M	50.38M	50.99M	51.45M	53.30M
Adjusted Diluted Earnings per Share	$0.94	$1.56	$2.22	$1.80	$0.62	$0.59	$1.81	$1.65	$1.02	$1.05	$1.85
Adjusted Weighted Average Diluted Shares Outstanding	46.40M	46.73M	46.91M	47.21M	48.16M	49.56M	49.80M	50.38M	50.99M	51.45M	53.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.40M	46.73M	46.91M	47.21M	48.16M	49.56M	49.80M	50.38M	50.99M	51.45M	53.30M
Normalized Net Operating Profit after Tax (NOPAT)	60	88	118	100	59	51	111	101	69	61	109
Normalized NOPAT Margin	17.92%	22.70%	27.52%	22.93%	17.66%	14.24%	26.03%	23.56%	20.74%	16.79%	26.38%
Pre Tax Income Margin	17.95%	26.09%	32.05%	26.79%	12.11%	9.96%	28.49%	26.33%	20.28%	19.38%	33.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.74	5.57	6.96	5.46	2.91	3.55	8.27	7.78	5.66	6.78	15.24
NOPAT to Interest Expense	2.80	4.22	5.23	4.16	2.30	2.38	6.34	5.75	4.33	5.19	11.67
EBIT Less CapEx to Interest Expense	1.58	4.10	5.12	3.75	1.29	0.84	6.06	6.17	4.27	6.96	25.01
NOPAT Less CapEx to Interest Expense	0.64	2.75	3.38	2.45	0.67	-0.33	4.13	4.15	2.94	5.37	21.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.32%	18.52%	22.50%	24.16%	24.66%	21.84%	19.27%	18.11%	16.42%	15.82%	15.32%
Augmented Payout Ratio	140.54%	145.58%	183.62%	200.23%	135.24%	162.17%	192.08%	238.99%	199.20%	146.71%	88.66%

Frequently Asked Questions About Choice Hotels International's Financials

When does Choice Hotels International's financial year end?

According to the most recent income statement we have on file, Choice Hotels International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Choice Hotels International's net income changed over the last 9 years?

Choice Hotels International's net income appears to be on an upward trend, with a most recent value of $299.67 million in 2024, rising from $128.03 million in 2015. The previous period was $258.51 million in 2023. Check out Choice Hotels International's forecast to explore projected trends and price targets.

What is Choice Hotels International's operating income?

Choice Hotels International's total operating income in 2024 was $463.77 million, based on the following breakdown:

Total Gross Profit: $744.17 million
Total Operating Expenses: $280.39 million

How has Choice Hotels International revenue changed over the last 9 years?

Over the last 9 years, Choice Hotels International's total revenue changed from $859.88 million in 2015 to $1.58 billion in 2024, a change of 84.3%.

How much debt does Choice Hotels International have?

Choice Hotels International's total liabilities were at $2.58 billion at the end of 2024, a 9.2% increase from 2023, and a 131.4% increase since 2015.

How much cash does Choice Hotels International have?

In the past 9 years, Choice Hotels International's cash and equivalents has ranged from $26.64 million in 2018 to $511.61 million in 2021, and is currently $40.18 million as of their latest financial filing in 2024.

How has Choice Hotels International's book value per share changed over the last 9 years?

Over the last 9 years, Choice Hotels International's book value per share changed from -6.99 in 2015 to -0.97 in 2024, a change of -86.2%.

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This page (NYSE:CHH) was last updated on 5/29/2025 by MarketBeat.com Staff

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Choice Hotels International (CHH) Financials

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Choice Hotels International (CHH) Financials

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