H World (HWLDF) Gross Margin (2009 - 2026)
H World (HWLDF) reported Gross Margin of 94.75% for Q1 2026, down 51.0% year-over-year from 193.37% in Q1 2025, and up 0.57% quarter-over-quarter from 94.21% in Q4 2025.
H World (HWLDF) Gross Margin (2009 - 2026) Analysis & Trends
H World (HWLDF) has 18 years of Gross Margin data on file, last reported at 94.75% in Q1 2026.
- Gross Margin for Q1 2026 came in at 94.75%, down 51.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 94.82% (down 32.0% YoY), and the FY2025 annual result was 39.36%, down 5572.0% from the prior year.
- Gross Margin advanced to 94.75% in Q1 2026 per HWLDF's latest filing, from 94.21% in the prior quarter.
- Over five years, Gross Margin peaked at 96.32% in Q3 2023 and troughed at 94.15% in Q4 2023.
- A 5-year average of 95.25% and a median of 95.27% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 120 bps in 2023, then jumped 100 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 95.34% in 2022, then declined by 1 bps to 94.15% in 2023, then advanced by 1 bps to 95.15% in 2024, then declined by 1 bps to 94.21% in 2025, then advanced by 1 bps to 94.75% in 2026.
- Business Quant data shows HWLDF's Gross Margin at 94.75% in Q1 2026, 94.21% in Q4 2025, and 95.09% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 106.28 Bn | 105.82 Bn | 6.38 Bn | 95.81% |
| 2 | Hilton Worldwide Holdings | 80.50 Bn | 79.97 Bn | - | - |
| 3 | Intercontinental Hotels | 26.35 Bn | 25.21 Bn | - | - |
| 4 | Hyatt Hotels | 18.67 Bn | 18.32 Bn | 1.75 Bn | 100.00% |
| 5 | Wyndham Hotels & Resorts | 6.42 Bn | 6.34 Bn | 302.00 Mn | 92.35% |
| 6 | Choice Hotels International | 5.30 Bn | 5.26 Bn | 316.92 Mn | 93.06% |
| 7 | Atour Lifestyle Holdings | 2.06 Bn | -359.74 Bn | 241.80 Mn | 59.33% |
| 8 | Civeo | 370.36 Mn | 353.81 Mn | 40.16 Mn | 23.26% |
| 9 | GreenTree Hospitality | 5.49 Mn | -227.74 Mn | 26.57 Mn | 81.27% |
| 10 | H World | - | - | 824.36 Mn | 94.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.75% |
| Dec 31, 2025 | 94.21% |
| Sep 30, 2025 | 95.09% |
| Jun 30, 2025 | 95.21% |
| Mar 31, 2025 | 95.26% |
| Dec 31, 2024 | 95.15% |
| Sep 30, 2024 | 95.32% |
| Jun 30, 2024 | 94.80% |
| Mar 31, 2024 | 96.00% |
| Dec 31, 2023 | 94.15% |
| Sep 30, 2023 | 96.32% |
| Jun 30, 2023 | 95.28% |
| Mar 31, 2023 | 95.71% |
| Dec 31, 2022 | 95.34% |
| Sep 30, 2022 | 95.48% |
| Jun 30, 2022 | 95.83% |
| Mar 31, 2022 | 95.27% |
| Dec 31, 2021 | 94.49% |
| Sep 30, 2021 | 94.64% |
| Jun 30, 2021 | 95.50% |