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Ryman Hospitality Properties (RHP) Financials

Ryman Hospitality Properties logo
$107.48 +0.60 (+0.56%)
As of 01:11 PM Eastern
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Annual Income Statements for Ryman Hospitality Properties

Annual Income Statements for Ryman Hospitality Properties

This table shows Ryman Hospitality Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 112 159 176 265 146 -417 -177 129 311 272 243
Consolidated Net Income / (Loss)		 112 159 176 265 128 -461 -195 135 342 280 247
Net Income / (Loss) Continuing Operations		 112 159 176 265 128 -461 -195 135 342 280 247
Total Pre-Tax Income 		100 163 127 276 147 -434 -190 174 248 294 255
Total Operating Income		 162 215 186 214 268 -304 -59 327 454 491 487
Total Gross Profit		 407 427 451 504 647 52 318 768 933 1,014 1,136
Total Revenue		 1,092 1,149 1,185 1,275 1,605 524 939 1,806 2,158 2,339 2,577
Operating Revenue		 1,092 1,149 1,185 1,275 1,605 524 939 1,806 2,158 2,339 2,577
Total Cost of Revenue		 685 722 734 771 957 473 621 1,038 1,225 1,325 1,441
Operating Cost of Revenue		 685 722 734 771 957 473 621 1,038 1,225 1,325 1,441
Total Operating Expenses		 245 211 265 290 380 355 377 441 479 524 649
Selling, General & Admin Expense		 29 27 31 31 36 29 39 43 43 42 43
Depreciation Expense		 114 110 112 121 214 215 220 209 211 236 278
Other Operating Expenses / (Income)		 82 75 85 109 127 111 118 189 224 242 324
Other Special Charges / (Income)		 0.91 0.00 1.93 4.87 3.12 0.50 0.42 1.00 1.31 4.35 4.18
Total Other Income / (Expense), net		 -62 -53 -59 62 -120 -130 -131 -153 -206 -197 -232
Interest Expense		 64 64 66 75 132 116 128 150 214 228 244
Interest & Investment Income		 12 8.71 7.42 135 11 0.85 -3.28 -5.22 4.12 28 10
Other Income / (Expense), net		 -11 2.52 -0.34 1.63 0.69 -15 0.41 1.74 3.92 2.81 1.54
Income Tax Expense		 -12 3.40 -49 12 18 27 4.96 39 -94 14 7.32
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 0.00 -18 -43 -17 5.03 28 6.76 4.92
Basic Earnings per Share		 $2.18 $3.12 $3.44 $5.16 $2.82 ($7.59) ($3.21) $2.34 $5.39 $4.54 $3.94
Weighted Average Basic Shares Outstanding		 51.09M 51.02M 51.20M 51.34M 54.90M 54.98M 55.07M 55.17M 59.71M 59.90M 63.01M
Diluted Earnings per Share		 $2.16 $3.11 $3.43 $5.14 $2.81 ($7.59) ($3.21) $2.33 $5.36 $4.38 $3.77
Weighted Average Diluted Shares Outstanding		 51.09M 51.02M 51.20M 51.34M 54.90M 54.98M 55.07M 55.17M 59.71M 59.90M 63.01M
Weighted Average Basic & Diluted Shares Outstanding		 51.09M 51.02M 51.20M 51.34M 54.90M 54.98M 55.07M 55.17M 59.71M 59.90M 63.01M
Cash Dividends to Common per Share		 $2.70 $3.00 $3.20 $3.40 $3.60 $0.95 - $0.35 $3.85 $4.45 $4.65

Quarterly Income Statements for Ryman Hospitality Properties

This table shows Ryman Hospitality Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 41 142 43 101 59 69 63 72 35 74 70
Consolidated Net Income / (Loss)		 41 170 43 105 60 72 63 76 34 74 69
Net Income / (Loss) Continuing Operations		 41 170 43 105 60 72 63 76 34 74 69
Total Pre-Tax Income 		43 69 43 117 61 72 67 84 30 73 76
Total Operating Income		 102 124 96 168 106 121 116 139 89 143 138
Total Gross Profit		 227 252 219 297 237 261 260 328 242 306 290
Total Revenue		 529 633 528 613 550 648 587 660 592 738 665
Operating Revenue		 529 633 528 613 550 648 587 660 592 738 665
Total Cost of Revenue		 302 381 309 317 313 386 327 332 350 432 374
Operating Cost of Revenue		 302 381 309 317 313 386 327 332 350 432 374
Total Operating Expenses		 125 129 123 129 131 141 144 188 154 163 152
Selling, General & Admin Expense		 10 12 12 9.40 9.72 11 11 11 10 11 11
Depreciation Expense		 58 57 57 59 59 61 64 67 73 74 76
Other Operating Expenses / (Income)		 56 59 53 60 62 68 70 110 68 76 65
Other Special Charges / (Income)		 0.17 0.88 1.17 1.06 0.87 1.26 0.09 0.10 2.59 1.41 0.39
Total Other Income / (Expense), net		 -59 -55 -53 -51 -45 -48 -49 -56 -58 -69 -61
Interest Expense		 59 61 61 58 55 54 54 61 65 64 66
Interest & Investment Income		 -6.45 7.66 7.55 7.25 7.23 6.22 5.44 5.57 4.80 -5.54 5.19
Other Income / (Expense), net		 5.99 -1.55 0.32 -0.00 2.76 -0.26 -0.11 -0.20 2.17 -0.32 -0.36
Income Tax Expense		 2.16 -101 0.53 12 0.92 0.18 4.16 7.85 -3.63 -1.05 6.90
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.72 27 -0.58 3.27 1.00 3.07 0.05 4.12 -0.93 1.67 -0.59
Basic Earnings per Share		 $0.69 $2.41 $0.72 $1.68 $0.99 $1.15 $1.05 $1.17 $0.55 $1.17 $1.12
Weighted Average Basic Shares Outstanding		 59.71M 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M
Diluted Earnings per Share		 $0.64 $2.55 $0.67 $1.65 $0.94 $1.12 $1.00 $1.12 $0.53 $1.12 $1.03
Weighted Average Diluted Shares Outstanding		 59.71M 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M
Weighted Average Basic & Diluted Shares Outstanding		 59.71M 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M
Cash Dividends to Common per Share		 $1.00 - $1.10 $1.10 $1.10 - $1.15 $1.15 $1.15 - $1.20

Annual Cash Flow Statements for Ryman Hospitality Properties

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -20 2.54 -2.48 70 271 -341 83 281 256 -124 -76
Net Cash From Operating Activities		 238 294 296 322 355 -162 111 420 557 577 591
Net Cash From Continuing Operating Activities		 238 294 296 322 355 -162 111 420 557 577 591
Net Income / (Loss) Continuing Operations		 112 159 176 265 128 -461 -195 135 342 280 247
Consolidated Net Income / (Loss)		 112 159 176 265 128 -461 -195 135 342 280 247
Depreciation Expense		 114 110 112 121 214 215 220 209 211 236 278
Amortization Expense		 5.51 4.86 5.35 5.63 7.66 7.95 8.79 9.83 11 11 12
Non-Cash Adjustments To Reconcile Net Income		 48 8.92 47 -92 12 63 21 26 33 14 24
Changes in Operating Assets and Liabilities, net		 -41 11 -45 22 -7.14 13 56 41 -39 36 29
Net Cash From Investing Activities		 -75 -180 -215 -423 -163 -173 -290 -189 -1,013 -410 -1,234
Net Cash From Continuing Investing Activities		 -75 -180 -215 -423 -163 -173 -290 -189 -1,013 -410 -1,234
Purchase of Property, Plant & Equipment		 -80 -118 -183 -188 -153 -165 -77 -90 -207 -408 -358
Acquisitions		 0.00 -73 -26 -230 -25 -8.87 -197 -104 -802 0.00 -862
Sale and/or Maturity of Investments		 10 6.79 2.37 2.56 13 2.99 0.84 3.72 5.90 4.06 4.39
Other Investing Activities, net		 -4.82 4.30 -9.60 -7.93 1.02 -1.30 -17 0.48 -9.98 -6.56 -18
Net Cash From Financing Activities		 -184 -112 -83 172 80 -6.47 262 51 712 -290 567
Net Cash From Continuing Financing Activities		 -184 -112 -83 172 80 -6.47 262 51 712 -290 567
Repayment of Debt		 -294 -8.32 -617 -5.65 -980 -7.46 -416 -513 -405 -1,381 -46
Payment of Dividends		 -131 -151 -162 -172 -297 -103 -0.50 -5.86 -176 -266 -286
Issuance of Debt		 400 76 700 354 1,078 106 684 288 902 1,369 629
Issuance of Common Equity		 - - 0.00 0.00 283 0.00 0.00 0.00 395 0.00 276
Other Financing Activities, net		 -3.70 -3.24 -3.81 -4.16 -3.99 -1.69 -3.49 281 -4.39 -12 -5.54

Quarterly Cash Flow Statements for Ryman Hospitality Properties

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 42 44 -154 3.40 21 5.30 -115 -11 66 -16 -49
Net Cash From Operating Activities		 154 187 7.47 184 218 167 98 123 205 165 169
Net Cash From Continuing Operating Activities		 154 187 7.47 184 218 167 98 123 205 165 169
Net Income / (Loss) Continuing Operations		 41 170 43 105 60 72 63 76 34 74 69
Consolidated Net Income / (Loss)		 41 170 43 105 60 72 63 76 34 74 69
Depreciation Expense		 58 57 57 59 59 61 64 67 73 74 76
Amortization Expense		 2.68 2.67 2.72 2.63 2.65 2.66 2.71 2.90 3.16 3.16 3.25
Non-Cash Adjustments To Reconcile Net Income		 17 3.72 3.83 3.20 14 -7.60 3.64 0.58 3.70 13 3.80
Changes in Operating Assets and Liabilities, net		 36 -46 -99 15 82 38 -35 -24 91 -0.42 17
Net Cash From Investing Activities		 -43 -85 -79 -106 -129 -97 -131 -932 -65 -106 -114
Net Cash From Continuing Investing Activities		 -45 -83 -79 -106 -129 -97 -131 -932 -65 -106 -114
Purchase of Property, Plant & Equipment		 -44 -85 -79 -106 -132 -91 -113 -70 -70 -106 -114
Other Investing Activities, net		 -2.05 2.08 0.18 -0.14 -0.20 -6.40 -18 -0.21 0.49 -0.04 -0.41
Net Cash From Financing Activities		 -70 -58 -82 -75 -69 -64 -82 799 -74 -75 -104
Net Cash From Continuing Financing Activities		 -68 -60 -82 -75 -67 -67 -82 798 -74 -75 -104
Repayment of Debt		 -8.78 4.93 -1,019 -348 -5.83 -8.08 -11 -32 -1.42 -1.93 -721
Payment of Dividends		 -60 -60 -67 -66 -66 -66 -70 -69 -73 -73 -78
Issuance of Debt		 1.37 -4.77 1,016 339 5.43 8.10 4.22 624 - - 700
Issuance of Common Equity		 - - - - - - 0.00 - - - 0.00
Other Financing Activities, net		 -0.07 -0.14 -12 -0.01 -0.03 -0.17 -5.44 -0.03 -0.07 - -5.39

Annual Balance Sheets for Ryman Hospitality Properties

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,331 2,406 2,524 3,854 4,088 3,556 3,581 4,041 5,189 5,218 6,181
Total Current Assets		 349 315 315 417 725 272 351 763 1,027 849 803
Cash & Equivalents		 56 59 58 103 362 57 141 334 592 478 471
Restricted Cash		 22 - 21 46 58 23 22 110 109 99 29
Accounts Receivable		 55 48 58 68 71 20 75 117 110 94 106
Prepaid Expenses		 62 55 68 78 124 100 113 134 155 178 197
Plant, Property, & Equipment, net		 1,983 1,998 2,066 3,149 3,130 3,117 3,032 3,172 3,956 4,124 4,970
Total Noncurrent Assets		 0.00 93 143 287 233 167 198 106 206 245 408
Noncurrent Note & Lease Receivables		 - - - - - - 71 - - 58 54
Goodwill		 - - - - - - - - - 116 287
Noncurrent Deferred & Refundable Income Taxes		 - 0.00 50 41 26 - - 0.00 82 71 68
Total Liabilities & Shareholders' Equity		 2,331 2,406 2,524 3,854 4,088 3,556 3,581 4,041 5,189 5,218 6,181
Total Liabilities		 1,952 2,038 2,146 3,384 3,222 3,236 3,603 3,633 4,271 4,283 4,969
Total Current Liabilities		 373 383 399 320 316 204 305 399 533 467 597
Accounts Payable		 153 163 180 275 265 203 305 385 465 467 518
Dividends Payable		 37 39 42 45 51 0.84 0.39 14 68 - 79
Total Noncurrent Liabilities		 1,579 1,655 1,747 3,064 3,128 3,133 3,298 3,545 4,083 3,816 4,373
Long-Term Debt		 1,432 1,503 1,591 2,442 2,560 2,658 2,937 2,863 3,377 3,378 3,977
Other Noncurrent Operating Liabilities		 146 151 156 448 286 194 186 377 412 438 233
Other Noncurrent Nonoperating Liabilities		 - - - 174 175 173 171 167 165 - 163
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - - - - 382 423
Total Equity & Noncontrolling Interests		 380 368 378 470 645 220 -22 96 573 553 789
Total Preferred & Common Equity		 380 368 378 470 645 205 -22 95 569 549 750
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 380 368 378 470 645 205 -22 95 569 549 750
Common Stock		 888 894 897 901 1,186 1,193 1,113 1,103 1,503 1,476 1,723
Treasury Stock		 -10 -12 -13 -15 -17 -18 -18 -18 -21 -24 -27
Accumulated Other Comprehensive Income / (Loss)		 -25 -22 -27 -28 -28 -58 -29 -11 -19 -15 -13
Other Equity Adjustments		 - - - - - - - - -894 -888 -933
Noncontrolling Interest		 - - - - 0.00 15 -0.16 0.63 3.62 3.66 39

Quarterly Balance Sheets for Ryman Hospitality Properties

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

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 3,947 4,035 4,991 5,064 5,089 5,140 5,204 5,239 6,111 6,197 6,194
Total Current Assets		 662 766 931 1,008 897 903 924 762 770 855 778
Cash & Equivalents		 225 319 508 543 465 498 535 414 421 483 424
Restricted Cash		 96 95 106 113 82 52 36 47 30 33 27
Accounts Receivable		 131 147 105 118 126 127 107 133 132 111 139
Prepaid Expenses		 144 141 146 174 164 164 189 168 188 228 188
Plant, Property, & Equipment, net		 3,178 3,164 3,931 3,929 3,988 4,045 4,092 4,170 4,926 4,933 5,019
Total Noncurrent Assets		 107 105 129 126 204 191 188 308 414 408 397
Noncurrent Note & Lease Receivables		 - - - - - - - 57 58 52 53
Goodwill		 - - - - - - - 183 295 291 282
Noncurrent Deferred & Refundable Income Taxes		 - - - - 82 71 70 68 61 65 62
Total Liabilities & Shareholders' Equity		 3,947 4,035 4,991 5,064 5,089 5,140 5,204 5,239 6,111 6,197 6,194
Total Liabilities		 3,592 3,615 4,164 4,253 4,202 4,211 4,277 4,277 4,867 4,987 4,990
Total Current Liabilities		 370 374 408 500 462 474 541 463 436 541 622
Accounts Payable		 364 332 347 438 394 406 473 463 436 541 544
Dividends Payable		 5.69 42 61 61 67 68 68 - - - 78
Total Noncurrent Liabilities		 3,525 3,560 4,084 4,090 4,094 4,100 4,108 3,814 4,431 4,446 4,367
Long-Term Debt		 2,863 2,867 3,380 3,375 3,378 3,373 3,373 3,375 3,975 3,976 3,968
Other Noncurrent Operating Liabilities		 370 387 394 403 421 431 440 439 456 470 236
Other Noncurrent Nonoperating Liabilities		 168 167 166 166 165 165 165 - - - 163
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - - 392 401 412 433
Total Equity & Noncontrolling Interests		 52 100 499 474 533 566 556 570 842 798 771
Total Preferred & Common Equity		 52 100 498 471 530 563 552 532 800 758 733
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 52 100 498 471 530 563 552 532 800 758 733
Common Stock		 1,105 1,094 1,489 1,481 1,486 1,484 1,479 1,465 1,735 1,729 1,710
Treasury Stock		 -18 -18 -18 -18 -21 -22 -23 -24 -25 -26 -28
Accumulated Other Comprehensive Income / (Loss)		 -12 -17 -20 -20 -18 -18 -16 -15 -15 -13 -12
Other Equity Adjustments		 - - - - - - -888 -894 -894 -931 -938
Noncontrolling Interest		 0.31 0.77 0.84 3.12 3.47 3.70 3.66 39 42 40 38

Annual Metrics And Ratios for Ryman Hospitality Properties

This table displays calculated financial ratios and metrics derived from Ryman Hospitality Properties' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.91% 5.23% 3.09% 7.63% 25.84% -67.31% 79.11% 92.25% 19.50% 8.39% 10.17%
EBITDA Growth		 -10.68% 22.72% -8.95% 13.05% 43.03% -119.56% 278.41% 220.31% 24.15% 8.89% 5.22%
EBIT Growth		 -14.35% 44.18% -14.86% 16.34% 24.23% -218.86% 81.72% 664.43% 39.13% 7.88% -1.03%
NOPAT Growth		 17.07% 16.32% 22.26% -20.45% 13.98% -190.95% 80.69% 718.74% 145.95% -25.17% 1.13%
Net Income Growth		 -11.82% 42.92% 10.50% 50.30% -51.53% -459.19% 57.73% 169.27% 153.28% -18.03% -11.73%
EPS Growth		 -0.46% 43.98% 10.29% 49.85% -45.33% -370.11% 57.71% 172.59% 130.04% -18.28% -13.93%
Operating Cash Flow Growth		 -5.61% 23.33% 0.76% 8.82% 10.18% -145.54% 168.88% 277.46% 32.65% 3.49% 2.45%
Free Cash Flow Firm Growth		 -29.51% -20.58% -3.02% -580.37% 110.58% -277.69% 166.04% 206.82% -146.48% 314.10% -239.75%
Invested Capital Growth		 -3.83% 0.62% 3.59% 61.66% 4.54% -1.20% -5.09% -3.45% 28.00% 3.17% 25.47%
Revenue Q/Q Growth		 1.91% 0.67% 2.19% 1.22% 5.64% -37.88% 36.45% 11.86% 3.07% 0.63% 3.63%
EBITDA Q/Q Growth		 -10.64% 5.95% -8.08% 5.49% 9.63% -340.24% 121.37% 17.52% 2.28% 0.30% 4.88%
EBIT Q/Q Growth		 -17.96% 9.97% -12.69% 7.30% 8.28% -74.79% 60.99% 37.41% 1.44% -0.42% 4.78%
NOPAT Q/Q Growth		 3.46% 7.27% 23.96% -21.14% 0.54% -81.50% 60.75% 48.61% 51.13% -27.25% 5.35%
Net Income Q/Q Growth		 -17.58% 6.12% 15.95% 48.86% -48.48% -39.72% 30.76% 99.76% 46.51% -25.83% 0.89%
EPS Q/Q Growth		 -17.87% 6.51% 16.27% 48.13% -44.25% -43.48% 29.45% 102.61% 37.79% -24.61% 0.00%
Operating Cash Flow Q/Q Growth		 -4.63% 3.91% -4.65% 5.43% 8.21% -1,540.38% 519.46% 25.52% 2.42% -3.43% -0.33%
Free Cash Flow Firm Q/Q Growth		 4,838.28% -53.90% 2,543,716.95% -630.58% 109.37% -203.05% 175.84% -9.01% 34.48% -24.93% 4.14%
Invested Capital Q/Q Growth		 -11.58% 0.93% -6.48% 44.97% -6.74% 0.80% -5.81% -2.15% 1.77% 0.13% 0.41%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.31% 37.14% 38.08% 39.52% 40.35% 9.85% 33.90% 42.54% 43.22% 43.37% 44.08%
EBITDA Margin		 24.82% 28.95% 25.57% 26.85% 30.52% -18.26% 18.19% 30.31% 31.49% 31.63% 30.21%
Operating Margin		 14.84% 18.75% 15.69% 16.80% 16.67% -57.93% -6.25% 18.11% 21.02% 20.98% 18.90%
EBIT Margin		 13.84% 18.97% 15.66% 16.93% 16.72% -60.79% -6.20% 18.21% 21.20% 21.10% 18.96%
Profit (Net Income) Margin		 10.21% 13.87% 14.86% 20.76% 8.00% -87.86% -20.74% 7.47% 15.84% 11.98% 9.60%
Tax Burden Percent		 111.90% 97.91% 138.72% 95.75% 87.41% 106.24% 102.61% 77.68% 137.77% 95.29% 97.12%
Interest Burden Percent		 65.92% 74.67% 68.40% 128.03% 54.72% 136.05% 325.80% 52.82% 54.22% 59.56% 52.12%
Effective Tax Rate		 -11.90% 2.09% -38.72% 4.25% 12.59% 0.00% 0.00% 22.32% -37.77% 4.71% 2.88%
Return on Invested Capital (ROIC)		 10.05% 11.88% 14.23% 8.50% 7.67% -6.87% -1.37% 8.85% 19.43% 12.75% 11.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.11% 8.20% 8.55% 11.49% 3.43% -16.17% -6.67% 4.65% 9.60% 6.71% 4.04%
Return on Net Nonoperating Assets (RNNOA)		 18.51% 30.75% 32.97% 53.94% 15.36% -99.74% -195.97% 358.32% 82.80% 37.04% 11.82%
Return on Equity (ROE)		 28.56% 42.64% 47.20% 62.44% 23.03% -106.60% -197.34% 367.17% 102.23% 49.79% 23.04%
Cash Return on Invested Capital (CROIC)		 13.96% 11.27% 10.71% -38.63% 3.23% -5.66% 3.86% 12.36% -5.13% 9.63% -11.36%
Operating Return on Assets (OROA)		 6.40% 9.20% 7.53% 6.77% 6.75% -8.34% -1.63% 8.63% 9.92% 9.49% 8.57%
Return on Assets (ROA)		 4.72% 6.73% 7.14% 8.30% 3.23% -12.06% -5.46% 3.54% 7.41% 5.39% 4.34%
Return on Common Equity (ROCE)		 28.56% 42.64% 47.20% 62.44% 23.03% -104.81% -182.99% 364.84% 101.58% 49.47% 13.95%
Return on Equity Simple (ROE_SIMPLE)		 29.38% 43.31% 46.57% 56.36% 19.90% -224.46% 876.14% 141.64% 60.05% 51.04% 0.00%
Net Operating Profit after Tax (NOPAT)		 181 211 258 205 234 -213 -41 254 625 468 473
NOPAT Margin		 16.60% 18.36% 21.77% 16.09% 14.57% -40.55% -4.37% 14.07% 28.96% 20.00% 18.35%
Net Nonoperating Expense Percent (NNEP)		 4.94% 3.68% 5.68% -2.99% 4.24% 9.31% 5.30% 4.20% 9.83% 6.04% 7.19%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 8.24% 15.32% 11.50% 9.92%
Cost of Revenue to Revenue		 62.69% 62.86% 61.92% 60.48% 59.65% 90.15% 66.10% 57.46% 56.78% 56.63% 55.92%
SG&A Expenses to Revenue		 2.65% 2.34% 2.65% 2.42% 2.26% 5.49% 4.11% 2.38% 1.98% 1.79% 1.66%
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		 22.47% 18.39% 22.39% 22.71% 23.67% 67.78% 40.15% 24.43% 22.19% 22.39% 25.18%
Earnings before Interest and Taxes (EBIT)		 151 218 186 216 268 -319 -58 329 458 494 489
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 271 333 303 342 490 -96 171 547 679 740 779
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.22 6.92 7.78 6.35 6.29 16.96 0.00 43.53 11.07 11.38 7.95
Price to Tangible Book Value (P/TBV)		 5.22 6.92 7.87 13.38 9.26 90.85 0.00 0.00 14.16 14.45 12.86
Price to Revenue (P/Rev)		 1.81 2.22 2.48 2.34 2.53 6.64 5.04 2.30 2.92 2.67 2.31
Price to Earnings (P/E)		 17.75 15.98 16.71 11.26 27.81 0.00 0.00 32.15 20.25 23.01 24.49
Dividend Yield		 6.99% 6.01% 5.57% 5.86% 4.57% 5.76% 0.00% 0.47% 3.65% 4.26% 4.91%
Earnings Yield		 5.63% 6.26% 5.98% 8.88% 3.60% 0.00% 0.00% 3.11% 4.94% 4.35% 4.08%
Enterprise Value to Invested Capital (EV/IC)		 1.88 2.20 2.37 1.77 2.02 2.01 2.57 2.37 2.52 2.47 2.11
Enterprise Value to Revenue (EV/Rev)		 3.05 3.41 3.69 4.14 3.93 11.79 7.99 3.71 4.22 3.93 3.84
Enterprise Value to EBITDA (EV/EBITDA)		 12.30 11.78 14.42 15.40 12.86 0.00 43.93 12.23 13.41 12.42 12.72
Enterprise Value to EBIT (EV/EBIT)		 22.05 17.98 23.53 24.42 23.49 0.00 0.00 20.35 19.91 18.62 20.26
Enterprise Value to NOPAT (EV/NOPAT)		 18.38 18.58 16.93 25.70 26.94 0.00 0.00 26.33 14.58 19.65 20.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.00 13.35 14.76 16.38 17.76 0.00 67.48 15.94 16.35 15.94 16.76
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.23 19.59 22.51 0.00 63.89 0.00 64.88 18.85 0.00 26.01 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.77 4.08 4.21 5.20 4.14 12.58 -131.15 31.16 6.12 6.36 3.28
Long-Term Debt to Equity		 3.77 4.08 4.21 5.20 4.14 12.58 -131.15 31.16 6.12 6.36 3.28
Financial Leverage		 3.62 3.75 3.86 4.69 4.47 6.17 29.40 77.14 8.62 5.52 2.93
Leverage Ratio		 6.05 6.34 6.61 7.52 7.13 8.84 36.15 103.68 13.80 9.25 5.31
Compound Leverage Factor		 3.99 4.73 4.52 9.63 3.90 12.03 117.78 54.76 7.48 5.51 2.77
Debt to Total Capital		 79.04% 80.33% 80.80% 83.87% 80.53% 92.64% 100.77% 96.89% 85.96% 86.41% 76.65%
Short-Term Debt 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%
Long-Term Debt to Total Capital		 79.04% 80.33% 80.80% 83.87% 80.53% 92.64% 100.77% 96.89% 85.96% 86.41% 76.65%
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% 0.49% -0.01% 0.02% 0.09% 0.09% 8.90%
Common Equity to Total Capital		 20.96% 19.67% 19.20% 16.13% 19.47% 6.88% -0.76% 3.09% 13.95% 13.50% 14.46%
Debt to EBITDA		 5.28 4.52 5.25 7.13 5.44 -28.88 17.19 5.46 5.16 4.75 5.11
Net Debt to EBITDA		 4.99 4.13 4.70 6.70 4.59 -28.04 16.23 4.65 4.13 3.97 4.47
Long-Term Debt to EBITDA		 5.28 4.52 5.25 7.13 5.44 -28.88 17.19 5.46 5.16 4.75 5.11
Debt to NOPAT		 7.90 7.12 6.17 11.90 11.40 -13.00 -71.50 11.76 5.61 7.51 8.41
Net Debt to NOPAT		 7.46 6.51 5.52 11.18 9.60 -12.63 -67.53 10.01 4.49 6.28 7.35
Long-Term Debt to NOPAT		 7.90 7.12 6.17 11.90 11.40 -13.00 -71.50 11.76 5.61 7.51 8.41
Altman Z-Score		 0.99 1.21 1.23 0.93 1.31 0.16 0.59 1.17 1.71 1.72 1.45
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 1.68% 7.27% 0.63% 0.64% 0.65% 39.47%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.93 0.82 0.79 1.30 2.30 1.33 1.15 1.91 1.93 1.68 1.55
Quick Ratio		 0.71 0.68 0.57 0.92 1.72 0.73 0.71 1.30 1.43 1.17 1.12
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 252 200 194 -932 99 -175 116 355 -165 353 -479
Operating Cash Flow to CapEx		 298.27% 248.86% 162.04% 171.04% 232.52% -97.62% 143.69% 469.09% 269.40% 141.33% 164.87%
Free Cash Flow to Firm to Interest Expense		 3.94 3.13 2.94 -12.43 0.75 -1.51 0.90 2.37 -0.77 1.55 -1.96
Operating Cash Flow to Interest Expense		 3.73 4.59 4.48 4.29 2.69 -1.40 0.87 2.80 2.61 2.53 2.42
Operating Cash Flow Less CapEx to Interest Expense		 2.48 2.75 1.71 1.78 1.54 -2.82 0.26 2.20 1.64 0.74 0.95
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.46 0.49 0.48 0.40 0.40 0.14 0.26 0.47 0.47 0.45 0.45
Accounts Receivable Turnover		 21.79 22.35 22.49 20.33 23.14 11.54 19.81 18.85 19.03 22.91 25.76
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		 0.54 0.58 0.58 0.49 0.51 0.17 0.31 0.58 0.61 0.58 0.57
Accounts Payable Turnover		 4.28 4.56 4.28 3.39 3.55 2.02 2.45 3.01 2.88 2.85 2.93
Days Sales Outstanding (DSO)		 16.75 16.33 16.23 17.95 15.77 31.62 18.43 19.36 19.18 15.93 14.17
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)		 85.36 79.98 85.29 107.56 102.92 180.65 149.26 121.33 126.57 128.30 124.65
Cash Conversion Cycle (CCC)		 -68.61 -63.64 -69.07 -89.60 -87.15 -149.02 -130.84 -101.97 -107.38 -112.36 -110.48
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,769 1,780 1,844 2,981 3,117 3,079 2,922 2,822 3,612 3,726 4,689
Invested Capital Turnover		 0.61 0.65 0.65 0.53 0.53 0.17 0.31 0.63 0.67 0.64 0.61
Increase / (Decrease) in Invested Capital		 -71 11 64 1,137 135 -37 -157 -101 790 114 952
Enterprise Value (EV)		 3,333 3,920 4,367 5,273 6,300 6,183 7,507 6,692 9,111 9,191 9,900
Market Capitalization		 1,980 2,547 2,943 2,980 4,054 3,482 4,733 4,148 6,301 6,250 5,961
Book Value per Share		 $7.40 $7.21 $7.39 $9.15 $12.53 $3.73 ($0.40) $1.73 $9.53 $9.16 $11.91
Tangible Book Value per Share		 $7.40 $7.21 $7.30 $4.34 $8.51 $0.70 ($2.71) ($0.19) $7.45 $7.22 $7.36
Total Capital		 1,811 1,871 1,970 2,911 3,311 2,985 2,914 3,084 4,079 4,066 5,189
Total Debt		 1,432 1,503 1,591 2,442 2,666 2,766 2,937 2,988 3,506 3,514 3,977
Total Long-Term Debt		 1,432 1,503 1,591 2,442 2,666 2,766 2,937 2,988 3,506 3,514 3,977
Net Debt		 1,353 1,373 1,424 2,293 2,246 2,686 2,774 2,544 2,806 2,937 3,477
Capital Expenditures (CapEx)		 80 118 183 188 153 165 77 90 207 408 358
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -103 -127 -162 -52 -11 -11 -117 -81 -206 -208 -215
Debt-free Net Working Capital (DFNWC)		 -25 -67 -83 98 410 68 46 364 494 368 285
Net Working Capital (NWC)		 -25 -67 -83 98 410 68 46 364 494 368 285
Net Nonoperating Expense (NNE)		 70 52 82 -60 106 248 154 119 283 188 226
Net Nonoperating Obligations (NNO)		 1,390 1,412 1,466 2,512 2,472 2,859 2,945 2,726 3,039 3,173 3,477
Total Depreciation and Amortization (D&A)		 120 115 117 127 222 223 229 218 222 246 290
Debt-free, Cash-free Net Working Capital to Revenue		 -9.47% -11.02% -13.68% -4.04% -0.68% -2.18% -12.50% -4.47% -9.55% -8.89% -8.34%
Debt-free Net Working Capital to Revenue		 -2.27% -5.87% -7.04% 7.65% 25.52% 13.03% 4.85% 20.14% 22.91% 15.74% 11.07%
Net Working Capital to Revenue		 -2.27% -5.87% -7.04% 7.65% 25.52% 13.03% 4.85% 20.14% 22.91% 15.74% 11.07%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.18 $3.12 $3.44 $5.16 $2.82 ($7.59) ($3.21) $2.34 $5.39 $4.54 $3.94
Adjusted Weighted Average Basic Shares Outstanding		 51.09M 51.02M 51.20M 51.34M 54.90M 54.98M 55.07M 55.17M 59.71M 59.90M 63.01M
Adjusted Diluted Earnings per Share		 $2.16 $3.11 $3.43 $5.14 $2.81 ($7.59) ($3.21) $2.33 $5.36 $4.38 $3.77
Adjusted Weighted Average Diluted Shares Outstanding		 51.09M 51.02M 51.20M 51.34M 54.90M 54.98M 55.07M 55.17M 59.71M 59.90M 63.01M
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		 51.09M 51.02M 51.20M 51.34M 54.90M 54.98M 55.07M 55.17M 59.71M 59.90M 63.01M
Normalized Net Operating Profit after Tax (NOPAT)		 128 211 156 233 237 -212 -41 255 318 472 477
Normalized NOPAT Margin		 11.68% 18.36% 13.19% 18.24% 14.74% -40.48% -4.34% 14.11% 14.76% 20.17% 18.51%
Pre Tax Income Margin		 9.13% 14.16% 10.72% 21.68% 9.15% -82.70% -20.21% 9.62% 11.50% 12.57% 9.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.37 3.41 2.81 2.88 2.04 -2.75 -0.45 2.19 2.14 2.17 2.00
NOPAT to Interest Expense		 2.84 3.30 3.90 2.74 1.78 -1.84 -0.32 1.69 2.93 2.05 1.94
EBIT Less CapEx to Interest Expense		 1.12 1.56 0.05 0.37 0.88 -4.18 -1.06 1.60 1.17 0.38 0.53
NOPAT Less CapEx to Interest Expense		 1.59 1.45 1.14 0.23 0.62 -3.27 -0.92 1.10 1.96 0.26 0.47
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 117.75% 94.85% 91.83% 65.14% 231.69% -22.42% -0.26% 4.34% 51.49% 94.98% 115.47%
Augmented Payout Ratio		 256.46% 110.42% 91.83% 65.14% 231.69% -22.42% -1.51% 4.34% 51.49% 94.98% 115.47%

Quarterly Metrics And Ratios for Ryman Hospitality Properties

This table displays calculated financial ratios and metrics derived from Ryman Hospitality Properties' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 63,109,272.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 63,109,272.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.12
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.99% 11.28% 7.45% 21.48% 4.06% 2.30% 11.15% 7.54% 7.73% 13.92% 13.16%
EBITDA Growth		 12.70% 9.10% 0.12% 32.63% 0.98% 1.21% 16.48% -8.79% -1.88% 19.70% 18.61%
EBIT Growth		 8.94% 5.61% -8.26% 37.81% 0.67% -1.70% 19.97% -17.16% -16.44% 18.54% 18.46%
NOPAT Growth		 21.20% 210.05% -7.48% 29.37% 7.73% -60.68% 14.42% -16.06% -4.85% 20.55% 15.06%
Net Income Growth		 -14.05% 176.81% -29.89% 49.32% 48.09% -57.45% 47.36% -27.56% -43.77% 3.00% 10.14%
EPS Growth		 -18.99% 136.11% -34.31% 43.48% 46.88% -56.08% 49.25% -32.12% -43.62% 0.00% 3.00%
Operating Cash Flow Growth		 30.48% 7.57% -76.43% 0.29% 41.22% -10.96% 1,214.32% -33.54% -5.89% -1.18% 72.31%
Free Cash Flow Firm Growth		 -290.14% -342.83% -391.72% 102.98% 88.04% 101.19% 94.65% -5,236.97% -1,148.85% -16,161.04% -2,317.71%
Invested Capital Growth		 23.08% 28.00% 29.02% 3.68% 4.85% 3.17% 3.99% 27.06% 25.49% 25.47% 28.02%
Revenue Q/Q Growth		 4.69% 19.78% -16.54% 16.08% -10.33% 17.76% -9.32% 12.30% -10.17% 24.53% -9.93%
EBITDA Q/Q Growth		 -2.41% 7.61% -13.72% 46.37% -25.70% 7.86% -0.70% 14.61% -20.07% 31.58% -1.61%
EBIT Q/Q Growth		 -11.51% 13.35% -20.94% 73.80% -35.36% 10.68% -3.52% 20.01% -34.80% 57.01% -3.58%
NOPAT Q/Q Growth		 -16.81% 215.75% -68.85% 58.13% -30.72% 15.25% -9.37% 16.00% -21.47% 46.03% -13.50%
Net Income Q/Q Growth		 -41.85% 316.52% -74.83% 144.94% -42.34% 19.69% -12.83% 20.41% -55.24% 119.27% -6.80%
EPS Q/Q Growth		 -44.35% 298.44% -73.73% 146.27% -43.03% 19.15% -10.71% 12.00% -52.68% 111.32% -8.04%
Operating Cash Flow Q/Q Growth		 -15.98% 21.18% -96.01% 2,366.49% 18.32% -23.60% -41.05% 24.72% 67.55% -19.77% 2.78%
Free Cash Flow Firm Q/Q Growth		 2.21% 14.81% -53.42% 102.33% -492.82% 108.48% -789.40% -2,137.66% 4.50% 4.98% -19.07%
Invested Capital Q/Q Growth		 -1.95% 1.77% 3.20% 0.69% -0.84% 0.13% 4.02% 23.03% -2.07% 0.41% 5.83%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 42.86% 39.87% 41.51% 48.37% 43.13% 40.36% 44.35% 49.68% 40.91% 41.41% 43.68%
EBITDA Margin		 31.92% 28.67% 29.64% 37.38% 30.97% 28.37% 31.06% 31.70% 28.21% 29.81% 32.56%
Operating Margin		 19.28% 19.57% 18.24% 27.40% 19.25% 18.61% 19.77% 21.14% 14.96% 19.36% 20.73%
EBIT Margin		 20.42% 19.32% 18.30% 27.40% 19.75% 18.57% 19.75% 21.11% 15.32% 19.32% 20.68%
Profit (Net Income) Margin		 7.72% 26.83% 8.09% 17.08% 10.98% 11.16% 10.73% 11.50% 5.73% 10.09% 10.44%
Tax Burden Percent		 94.98% 246.76% 98.78% 89.57% 98.50% 99.75% 93.81% 90.63% 111.98% 101.43% 90.96%
Interest Burden Percent		 39.79% 56.28% 44.77% 69.58% 56.44% 60.27% 57.90% 60.13% 33.41% 51.51% 55.52%
Effective Tax Rate		 5.02% -146.76% 1.22% 10.43% 1.50% 0.25% 6.19% 9.37% -11.98% -1.43% 9.04%
Return on Invested Capital (ROIC)		 11.93% 32.40% 11.96% 15.34% 12.13% 11.83% 11.70% 10.99% 9.93% 12.01% 11.33%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.03% 27.68% 10.20% 13.88% 10.72% 10.29% 10.20% 9.49% 7.96% 9.77% 9.65%
Return on Net Nonoperating Assets (RNNOA)		 112.62% 238.66% 96.31% 82.23% 64.98% 56.81% 41.65% 35.18% 29.86% 28.58% 29.73%
Return on Equity (ROE)		 124.55% 271.05% 108.26% 97.56% 77.10% 68.64% 53.35% 46.17% 39.79% 40.60% 41.06%
Cash Return on Invested Capital (CROIC)		 -7.83% -5.13% -6.34% 13.90% 12.95% 9.63% 8.78% -13.05% -11.90% -11.36% -13.51%
Operating Return on Assets (OROA)		 9.49% 9.04% 8.81% 12.46% 8.94% 8.35% 9.17% 9.17% 6.68% 8.73% 9.60%
Return on Assets (ROA)		 3.59% 12.55% 3.89% 7.77% 4.97% 5.02% 4.98% 5.00% 2.50% 4.56% 4.85%
Return on Common Equity (ROCE)		 123.74% 269.33% 107.54% 97.15% 76.60% 68.20% 37.87% 34.77% 29.53% 24.57% 23.96%
Return on Equity Simple (ROE_SIMPLE)		 49.54% 0.00% 61.06% 63.66% 68.45% 0.00% 56.52% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 97 306 95 151 104 120 109 126 99 145 125
NOPAT Margin		 18.32% 48.28% 18.02% 24.55% 18.96% 18.56% 18.55% 19.16% 16.75% 19.64% 18.86%
Net Nonoperating Expense Percent (NNEP)		 1.90% 4.71% 1.75% 1.45% 1.41% 1.54% 1.50% 1.50% 1.97% 2.24% 1.68%
Return On Investment Capital (ROIC_SIMPLE)		 - 7.49% - - - 2.96% 2.76% 2.62% 2.08% 3.04% 2.64%
Cost of Revenue to Revenue		 57.14% 60.13% 58.49% 51.63% 56.87% 59.64% 55.65% 50.32% 59.09% 58.59% 56.32%
SG&A Expenses to Revenue		 1.91% 1.93% 2.26% 1.53% 1.77% 1.66% 1.83% 1.63% 1.70% 1.52% 1.70%
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		 23.57% 20.30% 23.26% 20.96% 23.88% 21.75% 24.58% 28.54% 25.96% 22.05% 22.94%
Earnings before Interest and Taxes (EBIT)		 108 122 97 168 109 120 116 139 91 143 137
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 169 182 157 229 170 184 182 209 167 220 216
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 10.13 11.07 12.88 10.63 11.64 11.38 10.31 7.40 7.44 7.95 7.93
Price to Tangible Book Value (P/TBV)		 13.85 14.16 16.74 13.52 14.81 14.45 15.73 11.71 12.07 12.86 12.90
Price to Revenue (P/Rev)		 2.28 2.92 3.11 2.60 2.76 2.67 2.28 2.42 2.27 2.31 2.19
Price to Earnings (P/E)		 21.01 20.25 23.30 18.28 18.62 23.01 18.79 22.55 23.68 24.49 23.17
Dividend Yield		 3.75% 3.65% 3.67% 4.31% 4.10% 4.26% 4.92% 4.61% 5.13% 4.91% 5.09%
Earnings Yield		 4.76% 4.94% 4.29% 5.47% 5.37% 4.35% 5.32% 4.43% 4.22% 4.08% 4.32%
Enterprise Value to Invested Capital (EV/IC)		 2.15 2.52 2.63 2.38 2.52 2.47 2.28 2.07 2.05 2.11 1.98
Enterprise Value to Revenue (EV/Rev)		 3.64 4.22 4.46 3.88 4.03 3.93 3.68 4.05 3.84 3.84 3.69
Enterprise Value to EBITDA (EV/EBITDA)		 11.48 13.41 14.40 12.14 12.69 12.42 11.52 13.26 12.87 12.72 12.06
Enterprise Value to EBIT (EV/EBIT)		 16.90 19.91 21.81 18.06 18.88 18.62 17.20 20.42 20.49 20.26 19.22
Enterprise Value to NOPAT (EV/NOPAT)		 18.43 14.58 15.57 13.85 14.56 19.65 18.28 21.51 21.28 20.93 20.03
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.02 16.35 18.37 16.76 15.68 15.94 13.22 16.33 16.12 16.76 14.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 17.45 19.89 26.01 26.42 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 7.39 6.12 6.58 6.19 6.31 6.36 3.51 3.20 3.29 3.28 3.30
Long-Term Debt to Equity		 7.39 6.12 6.58 6.19 6.31 6.36 3.51 3.20 3.29 3.28 3.30
Financial Leverage		 11.23 8.62 9.44 5.92 6.06 5.52 4.08 3.71 3.75 2.93 3.08
Leverage Ratio		 17.13 13.80 14.40 9.51 9.97 9.25 6.91 6.22 6.46 5.31 5.28
Compound Leverage Factor		 6.82 7.77 6.45 6.62 5.63 5.57 4.00 3.74 2.16 2.74 2.93
Debt to Total Capital		 88.08% 85.96% 86.80% 86.09% 86.31% 86.41% 77.82% 76.17% 76.67% 76.65% 76.72%
Short-Term Debt 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%
Long-Term Debt to Total Capital		 88.08% 85.96% 86.80% 86.09% 86.31% 86.41% 77.82% 76.17% 76.67% 76.65% 76.72%
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		 0.08% 0.09% 0.09% 0.09% 0.09% 0.09% 9.92% 8.49% 8.71% 8.90% 9.11%
Common Equity to Total Capital		 11.84% 13.95% 13.11% 13.82% 13.60% 13.50% 12.26% 15.34% 14.63% 14.46% 14.17%
Debt to EBITDA		 5.27 5.16 5.16 4.76 4.75 4.75 4.41 5.33 5.36 5.11 4.88
Net Debt to EBITDA		 4.29 4.13 4.36 4.01 3.98 3.97 3.81 4.73 4.66 4.47 4.33
Long-Term Debt to EBITDA		 5.27 5.16 5.16 4.76 4.75 4.75 4.41 5.33 5.36 5.11 4.88
Debt to NOPAT		 8.47 5.61 5.58 5.43 5.45 7.51 6.99 8.65 8.86 8.41 8.11
Net Debt to NOPAT		 6.89 4.49 4.71 4.58 4.56 6.28 6.04 7.67 7.71 7.35 7.19
Long-Term Debt to NOPAT		 8.47 5.61 5.58 5.43 5.45 7.51 6.99 8.65 8.86 8.41 8.11
Altman Z-Score		 1.01 1.49 1.32 1.27 1.51 1.48 1.37 1.27 1.19 1.27 1.23
Noncontrolling Interest Sharing Ratio		 0.65% 0.64% 0.67% 0.43% 0.66% 0.65% 29.02% 24.70% 25.79% 39.47% 41.63%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.02 1.93 1.94 1.91 1.71 1.68 1.64 1.77 1.58 1.55 1.25
Quick Ratio		 1.44 1.43 1.41 1.45 1.29 1.17 1.18 1.27 1.10 1.12 0.91
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -569 -484 -743 17 -68 5.76 -40 -889 -849 -807 -961
Operating Cash Flow to CapEx		 351.15% 221.12% 9.41% 174.70% 164.73% 183.95% 87.13% 176.23% 293.77% 155.15% 148.90%
Free Cash Flow to Firm to Interest Expense		 -9.72 -7.92 -12.19 0.30 -1.25 0.11 -0.73 -14.56 -13.01 -12.69 -14.49
Operating Cash Flow to Interest Expense		 2.64 3.06 0.12 3.16 4.00 3.09 1.81 2.01 3.15 2.59 2.55
Operating Cash Flow Less CapEx to Interest Expense		 1.89 1.68 -1.18 1.35 1.57 1.41 -0.27 0.87 2.07 0.92 0.84
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.46 0.47 0.48 0.45 0.45 0.45 0.46 0.43 0.44 0.45 0.46
Accounts Receivable Turnover		 16.76 19.03 16.09 19.81 20.60 22.91 18.54 18.86 22.77 25.76 19.49
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		 0.59 0.61 0.61 0.58 0.58 0.58 0.59 0.54 0.55 0.57 0.58
Accounts Payable Turnover		 2.94 2.88 3.47 3.47 2.90 2.85 3.13 3.23 2.75 2.93 2.95
Days Sales Outstanding (DSO)		 21.78 19.18 22.69 18.42 17.71 15.93 19.68 19.36 16.03 14.17 18.73
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)		 124.02 126.57 105.29 105.08 126.03 128.30 116.57 113.15 132.59 124.65 123.55
Cash Conversion Cycle (CCC)		 -102.24 -107.38 -82.60 -86.66 -108.32 -112.36 -96.89 -93.79 -116.56 -110.48 -104.83
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,549 3,612 3,727 3,753 3,721 3,726 3,876 4,768 4,670 4,689 4,962
Invested Capital Turnover		 0.65 0.67 0.66 0.62 0.64 0.64 0.63 0.57 0.59 0.61 0.60
Increase / (Decrease) in Invested Capital		 665 790 838 133 172 114 149 1,016 948 952 1,086
Enterprise Value (EV)		 7,624 9,111 9,790 8,938 9,360 9,191 8,822 9,888 9,555 9,900 9,802
Market Capitalization		 4,773 6,301 6,825 5,981 6,424 6,250 5,478 5,920 5,644 5,961 5,814
Book Value per Share		 $7.89 $9.53 $8.85 $9.39 $9.21 $9.16 $8.87 $13.34 $12.04 $11.91 $11.63
Tangible Book Value per Share		 $5.77 $7.45 $6.81 $7.39 $7.24 $7.22 $5.81 $8.43 $7.42 $7.36 $7.15
Total Capital		 3,978 4,079 4,041 4,070 4,059 4,066 4,337 5,219 5,186 5,189 5,173
Total Debt		 3,504 3,506 3,508 3,504 3,504 3,514 3,375 3,975 3,976 3,977 3,968
Total Long-Term Debt		 3,504 3,506 3,508 3,504 3,504 3,514 3,375 3,975 3,976 3,977 3,968
Net Debt		 2,848 2,806 2,961 2,954 2,933 2,937 2,914 3,525 3,459 3,477 3,517
Capital Expenditures (CapEx)		 44 85 79 106 132 91 113 70 70 106 114
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -147 -206 -112 -121 -188 -208 -163 -116 -202 -215 -295
Debt-free Net Working Capital (DFNWC)		 509 494 435 429 383 368 299 335 315 285 156
Net Working Capital (NWC)		 509 494 435 429 383 368 299 335 315 285 156
Net Nonoperating Expense (NNE)		 56 136 52 46 44 48 46 50 65 70 56
Net Nonoperating Obligations (NNO)		 3,075 3,039 3,194 3,186 3,166 3,173 2,914 3,525 3,459 3,477 3,758
Total Depreciation and Amortization (D&A)		 61 59 60 61 62 63 66 70 76 77 79
Debt-free, Cash-free Net Working Capital to Revenue		 -7.03% -9.55% -5.10% -5.25% -8.07% -8.89% -6.78% -4.74% -8.12% -8.34% -11.13%
Debt-free Net Working Capital to Revenue		 24.30% 22.91% 19.82% 18.64% 16.49% 15.74% 12.45% 13.70% 12.65% 11.07% 5.87%
Net Working Capital to Revenue		 24.30% 22.91% 19.82% 18.64% 16.49% 15.74% 12.45% 13.70% 12.65% 11.07% 5.87%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.69 $2.41 $0.72 $1.68 $0.99 $1.15 $1.05 $1.17 $0.55 $1.17 $1.12
Adjusted Weighted Average Basic Shares Outstanding		 59.71M 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M
Adjusted Diluted Earnings per Share		 $0.64 $2.55 $0.67 $1.65 $0.94 $1.12 $1.00 $1.12 $0.53 $1.12 $1.03
Adjusted Weighted Average Diluted Shares Outstanding		 59.71M 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M
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		 59.71M 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M
Normalized Net Operating Profit after Tax (NOPAT)		 97 87 96 151 105 121 109 126 64 101 126
Normalized NOPAT Margin		 18.35% 13.79% 18.24% 24.70% 19.12% 18.75% 18.56% 19.17% 10.78% 13.69% 18.91%
Pre Tax Income Margin		 8.12% 10.87% 8.19% 19.07% 11.15% 11.19% 11.44% 12.69% 5.12% 9.95% 11.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.84 2.00 1.59 2.88 1.99 2.23 2.14 2.28 1.39 2.24 2.07
NOPAT to Interest Expense		 1.65 5.00 1.56 2.58 1.91 2.23 2.01 2.07 1.52 2.28 1.89
EBIT Less CapEx to Interest Expense		 1.09 0.62 0.28 1.07 -0.44 0.55 0.06 1.14 0.32 0.57 0.36
NOPAT Less CapEx to Interest Expense		 0.90 3.62 0.26 0.77 -0.52 0.55 -0.07 0.93 0.45 0.61 0.18
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 52.05% 51.49% 70.81% 70.83% 68.80% 94.98% 89.61% 100.30% 113.81% 115.47% 115.43%
Augmented Payout Ratio		 52.05% 51.49% 70.81% 70.83% 68.80% 94.98% 89.61% 100.30% 113.81% 115.47% 115.43%

Financials Breakdown Chart

Key Financial Trends

The following is a concise, investor-focused snapshot of Ryman Hospitality Properties (RHP) using the last four years of quarterly statements. It highlights notable trends in revenue, profitability, cash flow, and balance sheet/liquidity. Bullets are grouped to show positives first, then neutral observations, then potential negatives.

  • Q4 2025 operating revenue rose to $737,808,000, marking a seasonal peak and signaling strong late-year demand.
  • Net income attributable to common shareholders in Q4 2025 was $73,825,000, continuing profitable performance into year-end.
  • Cash flow from operations remains solid in 2025, with net cash from continuing operating activities of $164,667,000 in Q4 2025 and $205,243,000 in Q3 2025, indicating ongoing cash generation to fund activities.
  • Dividend policy is stable, with cash dividends per share reported at $1.15 in recent quarters, supporting predictable returns to investors.
  • Liquidity appears healthy: as of mid-2025, total current assets were about $0.86B against total current liabilities of about $0.541B, yielding a current ratio near 1.6x, complemented by a substantial cash balance (about $483M in Q3 2025).
  • Plant, Property, and Equipment (net) sits around $4.93B in Q3 2025, reflecting a large asset base and ongoing capacity for hospitality operations, though depreciation will temper near-term earnings.
  • Debt activity shows periodic financing moves (e.g., debt issuances in Q2 2025), with long-term debt near $3.98B and total liabilities around $4.99B, consistent with a leveraged REIT profile.
  • Seasonality drives quarterly revenue volatility; the peak in Q4 often reflects seasonal demand and may not predict longer-term quarterly trends.
  • Significant investing cash outflows occurred in several quarters, notably net cash from continuing investing activities of $-931,678,000 in Q2 2025 and $-106,175,000 in Q4 2025, pointing to sizable capex/acquisitions that weigh on near-term cash position.
  • Higher leverage remains a concern: Long-Term Debt around $3.98B and Total Liabilities near $4.99B (as of Q3 2025), which can pressure interest coverage and financial flexibility in a rising-rate environment.
05/14/26 11:03 AM ETAI Generated. May Contain Errors.

Ryman Hospitality Properties Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ryman Hospitality Properties' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Ryman Hospitality Properties' net income appears to be on an upward trend, with a most recent value of $247.31 million in 2025, rising from $111.51 million in 2015. The previous period was $280.19 million in 2024. View Ryman Hospitality Properties' forecast to see where analysts expect Ryman Hospitality Properties to go next.

Ryman Hospitality Properties' total operating income in 2025 was $487.01 million, based on the following breakdown:
  • Total Gross Profit: $1.14 billion
  • Total Operating Expenses: $649.00 million

Over the last 10 years, Ryman Hospitality Properties' total revenue changed from $1.09 billion in 2015 to $2.58 billion in 2025, a change of 136.0%.

Ryman Hospitality Properties' total liabilities were at $4.97 billion at the end of 2025, a 16.0% increase from 2024, and a 154.6% increase since 2015.

In the past 10 years, Ryman Hospitality Properties' cash and equivalents has ranged from $56.29 million in 2015 to $591.83 million in 2023, and is currently $471.42 million as of their latest financial filing in 2025.

Over the last 10 years, Ryman Hospitality Properties' book value per share changed from 7.40 in 2015 to 11.91 in 2025, a change of 60.9%.


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Financial statements for NYSE:RHP last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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