Choice Hotels International
Franchises hotel brands and supplies reservations and system services to independently owned properties.
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Profile
Runs a capital-light franchising platform that supports hotel brands from economy through upper-upscale and extended-stay lodging. Its revenue model is built around franchise relationships, reservations, and system services rather than primarily owning hotels.
Built around hotel franchising, the system supplies brands, reservations, and operating services to independently owned properties rather than primarily owning hotels. It traces this model to a referral cooperative that used common standards, and its portfolio now spans economy through upper-upscale and extended-stay lodging, including WoodSpring Suites and Radisson Hotels Americas.
Most open hotels are in the United States, with the wider system extending internationally. Revenue depends on retaining and growing franchise relationships, keeping brands attractive to operators and guests, maintaining reservations and other operating technology, and operating through changes in lodging supply, travel demand, and broader economic conditions.
Company facts
Categories
Key statistics
Year to date +13.3% · Average volume (30d) 517.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | UBS | Reiterate | Neutral | $118 | $120 |
| Aug 27, 2026 | Mizuho Securities | Target | $106 | ||
| Aug 6, 2026 | Deutsche Bank | Reiterate | Hold | $114 | $124 |
| Aug 6, 2026 | Barclays | Reiterate | Underweight | $100 | $102 |
| Jul 16, 2026 | Wells Fargo | Reiterate | Underweight | $99 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.98 | $2.02 | +2.0% | $436.5M | $440.8M | +1.0% | +2.93% |
| Apr 30, 2026Q1 FY26 | $1.35 | $1.07 | −20.7% | $333.5M | $340.6M | +2.1% | +1.64% |
| Feb 19, 2026Q4 FY25 | $1.56 | $1.60 | +2.6% | $369.6M | $390.2M | +5.6% | −0.77% |
| Nov 5, 2025Q3 FY25 | $2.18 | $2.10 | −3.7% | $369.1M | $447.3M | +21.2% | +3.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $332.9M | $426.4M | $447.3M | $390.2M | $340.6M | $440.8M | |
| Gross profit | $144.5M | $203.7M | $209.6M | $179.6M | $121.5M | $217.6M | |
| Operating income | $80.0M | $124.9M | $143.9M | $104.2M | $60.0M | $104.1M | |
| Net income | $44.5M | $81.7M | $180.0M | $63.7M | $20.3M | $64.1M | |
| Diluted EPS | $0.94 | $1.75 | $3.86 | $1.37 | $0.44 | $1.41 | |
| Gross margin | 43.4% | 47.8% | 46.8% | 46.0% | 35.7% | 49.4% | |
| Operating margin | 24.0% | 29.3% | 32.2% | 26.7% | 17.6% | 23.6% |
Fiscal years (4-quarter sums)FY21 $1.07B · FY22 $1.40B · FY23 $1.54B · FY24 $1.58B · FY25 $1.60B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $42.8M · Total debt $2.11B · Total assets $2.99B · Shareholders' equity $142.2M
Dividends
Raised for 4 straight years — most recently to $0.2875 from $0.237 in Mar 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 15 | $0.2875 | |
| Apr 1, 2026 | Apr 1 | Apr 15 | $0.2875 | |
| Jan 2, 2026 | Jan 2 | Jan 15 | $0.2875 | |
| Oct 1, 2025 | Oct 1 | Oct 16 | $0.2875 | |
| Jul 1, 2025 | Jul 1 | Jul 16 | $0.2875 | |
| Apr 1, 2025 | Apr 1 | Apr 16 | $0.2875 | |
| Jan 2, 2025 | Jan 2 | Jan 16 | $0.2875 | |
| Oct 1, 2024 | Oct 1 | Oct 16 | $0.2875 |
Ownership
Shares outstanding 45.50M · Float 25.09M · 55.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bamco Inc /NY/ | 9.33M | 20.50% | 13F | Aug 14, 2026 |
| Morgan Stanley | 2.89M | 6.35% | 13F | Aug 13, 2026 |
| Stewart Jr Bainum · director, 10 percent owner, officer: Chairman | 2.56M | 5.64% | Form 4 | Mar 2, 2026 |
| BlackRock, Inc. | 2.27M | 4.98% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 1.10M | 2.41% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | William L. Jews | director | −5,057 | $106.98 |
| Jun 16, 2026 | Scott E. Oaksmith | officer: SVP, Chief Financial Officer | −2,000 | $115.00 |
| Jun 12, 2026 | Scott E. Oaksmith | officer: SVP, Chief Financial Officer | −2,000 | $110.00 |
| May 26, 2026 | Dominic Dragisich | officer: Interim CEO | −22,621 | $114.25 |
| Mar 18, 2026 | Scott E. Oaksmith | officer: SVP, Chief Financial Officer | −1,603 | $100.00 |
Peers
- Wyndham Hotels & Resorts
Direct economy and midscale hotel-franchise rival
- Marriott International
Global franchising and management platform across lodging tiers
- Hilton
Multi-brand hotel franchising across focused-service and suites
- InterContinental Hotels Group (ADR)
Global hotel-franchising platform with midscale and extended-stay overlap
- Hyatt Hotels
Hotel brands across upscale, select-service, and extended-stay lodging
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Choice Hotels International | $108.86 | +0.02% | $4.95B | 15.4 | 15.2 | 3.1 | +3.4% |
| Wyndham Hotels & Resorts | $76.02 | +0.03% | $5.64B | 27.9 | 15.5 | 4.0 | −5.5% |
| Marriott International | $351.16 | +0.01% | $91.55B | 36.7 | 28.6 | 3.4 | +4.9% |
| Hilton | $321.53 | −0.16% | $72.44B | 47.3 | 33.6 | 5.8 | +6.5% |
| InterContinental Hotels Group (ADR) | $162.38 | +0.05% | $23.99B | 34.0 | — | 4.5 | +4.7% |
| Hyatt Hotels | $171.02 | −0.73% | $16.33B | 210.1 | 44.5 | 2.6 | −0.5% |
| Median | 36.7 | 31.1 | 4.0 | +4.7% |