H World (HTHT) Change in Working Capital (2018 - 2026)
H World's Change in Working Capital was $182 million in the quarter ended Jun 30, 2026, up 40.0% from $130 million a year earlier.
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Analysis
H World (HTHT) Change in Working Capital (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, H World's Change in Working Capital was $227 million through Jun 30, 2026, down 18.3% year-over-year; for the year ended Dec 31, 2025, it came in at $297 million, up 14.7% from the prior year.
- Change in Working Capital shows a five-year compound annual growth rate of 6.4% (years ended Dec 2020 to Dec 2025).
- In earlier years, Change in Working Capital was $259 million in the year ended Dec 31, 2024 (-26.4%), $352 million in the year ended Dec 31, 2023, $24 million in the year ended Dec 31, 2022 (-94.0%) and $403 million in the year ended Dec 31, 2021 (+84.9%).
- Quarterly Change in Working Capital has moved between -$162 million (the quarter ended Mar 31, 2026) and $241 million (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, Change in Working Capital was higher in three of the last four quarters, with growth averaging 23.5%.
- The best year-over-year quarter for Change in Working Capital over five years was the quarter ended Dec 31, 2022 (growth of 102.8%); the worst was the quarter ended Dec 31, 2024 (a decline of 4.7%).
- Per Business Quant data, HTHT's Change in Working Capital in the three quarters before the quarter ended Jun 30, 2026 was -$162 million (quarter ended Mar 31, 2026), $241 million (quarter ended Dec 31, 2025) and -$34 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | -42.00 Mn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | - |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | - |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 5.59 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | - |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 182.00 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 182.00 Mn |
| Mar 31, 2026 | -162.00 Mn |
| Dec 31, 2025 | 241.00 Mn |
| Sep 30, 2025 | -34.00 Mn |
| Jun 30, 2025 | 130.00 Mn |
| Mar 31, 2025 | -40.00 Mn |
| Dec 31, 2024 | 182.00 Mn |
| Sep 30, 2024 | 6.00 Mn |
| Jun 30, 2024 | 103.00 Mn |
| Mar 31, 2024 | -32.00 Mn |
| Dec 31, 2023 | 191.00 Mn |
| Sep 30, 2023 | -80.00 Mn |
| Jun 30, 2023 | 102.00 Mn |
| Mar 31, 2023 | 147.00 Mn |
| Dec 31, 2022 | 146.00 Mn |
| Sep 30, 2022 | 26.00 Mn |
| Jun 30, 2022 | -20.00 Mn |
| Mar 31, 2022 | -140.00 Mn |
| Dec 31, 2021 | 72.00 Mn |
| Sep 30, 2021 | -47.15 Mn |
API Access
H World Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=HTHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "HTHT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=HTHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();