H World (HTHT) Change in Working Capital (2018 - 2026)
H World (HTHT) posted quarterly Change in Working Capital of -$162.0 million for Q1 2026, down 305.0% year-over-year from $79.0 million in Q1 2025, and down 167.22% quarter-over-quarter from $241.0 million in Q4 2025.
H World (HTHT) Change in Working Capital (2018 - 2026) Analysis & Trends
H World (HTHT) has reported Change in Working Capital for 9 consecutive years, with -$162.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Working Capital fell 305.0% year-over-year to -$162.0 million; the TTM figure through Mar 2026 stood at $175.0 million (down 30.28% YoY), while the FY2025 annual figure was $297.0, down 100.0% from the prior year.
- Change in Working Capital eased to -$162.0 million in Q1 2026 per HTHT's latest filing, from $241.0 million in the prior quarter.
- Across five years, Change in Working Capital topped out at $241.0 million in Q4 2025 and bottomed at -$162.0 million in Q1 2026.
- Historically, Change in Working Capital has averaged $45.1 million across 5 years, with a median of $26.0 million in 2022.
- Annual changes were most pronounced in 2023 — Change in Working Capital jumped 610.0% — and 2025, when it tumbled 666.67%.
- H World's Change in Working Capital stood at $146.0 million in 2022, then surged by 30.82% to $191.0 million in 2023, then dropped by 4.71% to $182.0 million in 2024, then soared by 32.42% to $241.0 million in 2025, then tumbled by 167.22% to -$162.0 million in 2026.
- Business Quant data shows HTHT's Change in Working Capital at -$162.0 million in Q1 2026, $241.0 million in Q4 2025, and -$34.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.02 Bn | 92.56 Bn | 1.97 Bn | -42.00 Mn |
| 2 | Hilton Worldwide Holdings | 73.87 Bn | 72.89 Bn | 3.08 Bn | - |
| 3 | Hyatt Hotels | 17.07 Bn | 16.78 Bn | 809.00 Mn | - |
| 4 | H World | 12.87 Bn | 11.09 Bn | 337.97 Mn | -12.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.56 Bn | -826.02 Bn | 242.81 Mn | - |
| 6 | Wyndham Hotels & Resorts | 5.47 Bn | 5.40 Bn | 349.00 Mn | - |
| 7 | Choice Hotels International | 4.72 Bn | 4.68 Bn | 243.10 Mn | - |
| 8 | Civeo | 364.78 Mn | 344.17 Mn | 41.41 Mn | - |
| 9 | Intercontinental Hotels | 115.49 Mn | -4.73 Bn | - | -76.00 Mn |
| 10 | GreenTree Hospitality | 112.00 Mn | 4,368.01 Bn | 32.55 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -162.00 Mn |
| Mar 31, 2026 | -162.00 Mn |
| Dec 31, 2025 | 241.00 Mn |
| Dec 31, 2025 | 241.00 Mn |
| Sep 30, 2025 | -34.00 Mn |
| Sep 30, 2025 | -34.00 Mn |
| Jun 30, 2025 | 130.00 Mn |
| Jun 30, 2025 | 130.00 Mn |
| Mar 31, 2025 | -40.00 Mn |
| Mar 31, 2025 | -40.00 Mn |
| Dec 31, 2024 | 182.00 Mn |
| Dec 31, 2024 | 182.00 Mn |
| Sep 30, 2024 | 6.00 Mn |
| Sep 30, 2024 | 6.00 Mn |
| Jun 30, 2024 | 103.00 Mn |
| Jun 30, 2024 | 103.00 Mn |
| Mar 31, 2024 | -32.00 Mn |
| Mar 31, 2024 | -32.00 Mn |
| Dec 31, 2023 | 191.00 Mn |
| Dec 31, 2023 | 191.00 Mn |