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Ryman Hospitality Properties (RHP) Financials

Ryman Hospitality Properties logo
$123.68 +1.61 (+1.32%)
As of 11:22 AM 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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 142 43 101 59 69 63 72 35 74 70 93
Consolidated Net Income / (Loss)		 170 43 105 60 72 63 76 34 74 69 102
Net Income / (Loss) Continuing Operations		 170 43 105 60 72 63 76 34 74 69 102
Total Pre-Tax Income 		69 43 117 61 72 67 84 30 73 76 114
Total Operating Income		 124 96 168 106 121 116 139 89 143 138 175
Total Gross Profit		 252 219 297 237 261 260 328 242 306 290 365
Total Revenue		 633 528 613 550 648 587 660 592 738 665 749
Operating Revenue		 633 528 613 550 648 587 660 592 738 665 749
Total Cost of Revenue		 381 309 317 313 386 327 332 350 432 374 384
Operating Cost of Revenue		 381 309 317 313 386 327 332 350 432 374 384
Total Operating Expenses		 129 123 129 131 141 144 188 154 163 152 190
Selling, General & Admin Expense		 12 12 9.40 9.72 11 11 11 10 11 11 11
Depreciation Expense		 57 57 59 59 61 64 67 73 74 76 77
Other Operating Expenses / (Income)		 59 53 60 62 68 70 110 68 76 65 102
Other Special Charges / (Income)		 0.88 1.17 1.06 0.87 1.26 0.09 0.10 2.59 1.41 0.39 0.44
Total Other Income / (Expense), net		 -55 -53 -51 -45 -48 -49 -56 -58 -69 -61 -60
Interest Expense		 61 61 58 55 54 54 61 65 64 66 64
Interest & Investment Income		 7.66 7.55 7.25 7.23 6.22 5.44 5.57 4.80 -5.54 5.19 3.73
Other Income / (Expense), net		 -1.55 0.32 -0.00 2.76 -0.26 -0.11 -0.20 2.17 -0.32 -0.36 -0.26
Income Tax Expense		 -101 0.53 12 0.92 0.18 4.16 7.85 -3.63 -1.05 6.90 12
Net Income / (Loss) Attributable to Noncontrolling Interest		 27 -0.58 3.27 1.00 3.07 0.05 4.12 -0.93 1.67 -0.59 9.33
Basic Earnings per Share		 $2.41 $0.72 $1.68 $0.99 $1.15 $1.05 $1.17 $0.55 $1.17 $1.12 $1.47
Weighted Average Basic Shares Outstanding		 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M 63.12M
Diluted Earnings per Share		 $2.55 $0.67 $1.65 $0.94 $1.12 $1.00 $1.12 $0.53 $1.12 $1.03 $1.42
Weighted Average Diluted Shares Outstanding		 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M 63.12M
Weighted Average Basic & Diluted Shares Outstanding		 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M 63.12M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 44 -154 3.40 21 5.30 -115 -11 66 -16 -49 -53
Net Cash From Operating Activities		 187 7.47 184 218 167 98 123 205 165 169 153
Net Cash From Continuing Operating Activities		 187 7.47 184 218 167 98 123 205 165 169 153
Net Income / (Loss) Continuing Operations		 170 43 105 60 72 63 76 34 74 69 102
Consolidated Net Income / (Loss)		 170 43 105 60 72 63 76 34 74 69 102
Depreciation Expense		 57 57 59 59 61 64 67 73 74 76 77
Amortization Expense		 2.67 2.72 2.63 2.65 2.66 2.71 2.90 3.16 3.16 3.25 3.11
Non-Cash Adjustments To Reconcile Net Income		 3.72 3.83 3.20 14 -7.60 3.64 0.58 3.70 13 3.80 20
Changes in Operating Assets and Liabilities, net		 -46 -99 15 82 38 -35 -24 91 -0.42 17 -50
Net Cash From Investing Activities		 -85 -79 -106 -129 -97 -131 -932 -65 -106 -114 -128
Net Cash From Continuing Investing Activities		 -83 -79 -106 -129 -97 -131 -932 -65 -106 -114 -128
Purchase of Property, Plant & Equipment		 -85 -79 -106 -132 -91 -113 -70 -70 -106 -114 -128
Other Investing Activities, net		 2.08 0.18 -0.14 -0.20 -6.40 -18 -0.21 0.49 -0.04 -0.41 -0.44
Net Cash From Financing Activities		 -58 -82 -75 -69 -64 -82 799 -74 -75 -104 -78
Net Cash From Continuing Financing Activities		 -60 -82 -75 -67 -67 -82 798 -74 -75 -104 -78
Repayment of Debt		 4.93 -1,019 -348 -5.83 -8.08 -11 -32 -1.42 -1.93 -721 -1.94
Payment of Dividends		 -60 -67 -66 -66 -66 -70 -69 -73 -73 -78 -76
Other Financing Activities, net		 -0.14 -12 -0.01 -0.03 -0.17 -5.44 -0.03 -0.07 - -5.39 -0.04

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 1,027 849 856
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
Note & Lease Receivable		 153 153 111 122 110 72 - 68 62 - 54
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 93 143 287 233 167 198 106 206 245 354
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
Capital Lease Obligations		 - - - 0.00 106 108 - 126 129 - 159
Other Noncurrent Operating Liabilities		 146 151 156 448 286 194 186 377 412 438 74
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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 4,035 4,991 5,064 5,089 5,140 5,204 5,239 6,111 6,197 6,194 6,192
Total Current Assets		 766 931 1,008 897 903 924 762 770 855 778 785
Cash & Equivalents		 319 508 543 465 498 535 414 421 483 424 366
Restricted Cash		 95 106 113 82 52 36 47 30 33 27 32
Note & Lease Receivable		 64 66 61 61 62 57 - - - - 54
Accounts Receivable		 147 105 118 126 127 107 133 132 111 139 122
Prepaid Expenses		 141 146 174 164 164 189 168 188 228 188 211
Plant, Property, & Equipment, net		 3,164 3,931 3,929 3,988 4,045 4,092 4,170 4,926 4,933 5,019 5,078
Total Noncurrent Assets		 105 129 126 204 191 188 308 414 408 397 329
Goodwill		 - - - - - - 183 295 291 282 278
Noncurrent Deferred & Refundable Income Taxes		 - - - 82 71 70 68 61 65 62 51
Total Liabilities & Shareholders' Equity		 4,035 4,991 5,064 5,089 5,140 5,204 5,239 6,111 6,197 6,194 6,192
Total Liabilities		 3,615 4,164 4,253 4,202 4,211 4,277 4,277 4,867 4,987 4,990 4,957
Total Current Liabilities		 374 408 500 462 474 541 463 436 541 622 584
Accounts Payable		 332 347 438 394 406 473 463 436 541 544 506
Dividends Payable		 42 61 61 67 68 68 - - - 78 78
Total Noncurrent Liabilities		 3,560 4,084 4,090 4,094 4,100 4,108 3,814 4,431 4,446 4,367 4,373
Long-Term Debt		 2,867 3,380 3,375 3,378 3,373 3,373 3,375 3,975 3,976 3,968 3,969
Capital Lease Obligations		 126 128 129 130 130 130 - - - - 163
Other Noncurrent Operating Liabilities		 387 394 403 421 431 440 439 456 470 236 78
Other Noncurrent Nonoperating Liabilities		 167 166 166 165 165 165 - - - 163 163
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		 - - - - - - 392 401 412 433 444
Total Equity & Noncontrolling Interests		 100 499 474 533 566 556 570 842 798 771 791
Total Preferred & Common Equity		 100 498 471 530 563 552 532 800 758 733 748
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		 100 498 471 530 563 552 532 800 758 733 748
Common Stock		 1,094 1,489 1,481 1,486 1,484 1,479 1,465 1,735 1,729 1,710 1,708
Treasury Stock		 -18 -18 -18 -21 -22 -23 -24 -25 -26 -28 -28
Accumulated Other Comprehensive Income / (Loss)		 -17 -20 -20 -18 -18 -16 -15 -15 -13 -12 -9.86
Other Equity Adjustments		 - - - - - -888 -894 -894 -931 -938 -922
Noncontrolling Interest		 0.77 0.84 3.12 3.47 3.70 3.66 39 42 40 38 43

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 63,109,272.00 63,109,272.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 63,109,272.00 63,109,272.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.12 1.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.28% 7.45% 21.48% 4.06% 2.30% 11.15% 7.54% 7.73% 13.92% 13.16% 13.57%
EBITDA Growth		 9.10% 0.12% 32.63% 0.98% 1.21% 16.48% -8.79% -1.88% 19.70% 18.61% 21.70%
EBIT Growth		 5.61% -8.26% 37.81% 0.67% -1.70% 19.97% -17.16% -16.44% 18.54% 18.46% 25.18%
NOPAT Growth		 210.05% -7.48% 29.37% 7.73% -60.68% 14.42% -16.06% -4.85% 20.55% 15.06% 23.54%
Net Income Growth		 176.81% -29.89% 49.32% 48.09% -57.45% 47.36% -27.56% -43.77% 3.00% 10.14% 34.54%
EPS Growth		 136.11% -34.31% 43.48% 46.88% -56.08% 49.25% -32.12% -43.62% 0.00% 3.00% 26.79%
Operating Cash Flow Growth		 7.57% -76.43% 0.29% 41.22% -10.96% 1,214.32% -33.54% -5.89% -1.18% 72.31% 24.65%
Free Cash Flow Firm Growth		 -342.83% -391.72% 102.98% 88.04% 101.19% 94.65% -5,236.97% -1,148.85% -16,161.04% -2,317.71% 67.79%
Invested Capital Growth		 28.00% 29.02% 3.68% 4.85% 3.17% 3.99% 27.06% 25.49% 25.47% 28.02% 9.28%
Revenue Q/Q Growth		 19.78% -16.54% 16.08% -10.33% 17.76% -9.32% 12.30% -10.17% 24.53% -9.93% 12.70%
EBITDA Q/Q Growth		 7.61% -13.72% 46.37% -25.70% 7.86% -0.70% 14.61% -20.07% 31.58% -1.61% 17.60%
EBIT Q/Q Growth		 13.35% -20.94% 73.80% -35.36% 10.68% -3.52% 20.01% -34.80% 57.01% -3.58% 26.81%
NOPAT Q/Q Growth		 215.75% -68.85% 58.13% -30.72% 15.25% -9.37% 16.00% -21.47% 46.03% -13.50% 24.54%
Net Income Q/Q Growth		 316.52% -74.83% 144.94% -42.34% 19.69% -12.83% 20.41% -55.24% 119.27% -6.80% 47.08%
EPS Q/Q Growth		 298.44% -73.73% 146.27% -43.03% 19.15% -10.71% 12.00% -52.68% 111.32% -8.04% 37.86%
Operating Cash Flow Q/Q Growth		 21.18% -96.01% 2,366.49% 18.32% -23.60% -41.05% 24.72% 67.55% -19.77% 2.78% -9.78%
Free Cash Flow Firm Q/Q Growth		 14.81% -53.42% 102.33% -492.82% 108.48% -789.40% -2,137.66% 4.50% 4.98% -19.07% 70.19%
Invested Capital Q/Q Growth		 1.77% 3.20% 0.69% -0.84% 0.13% 4.02% 23.03% -2.07% 0.41% 5.83% 5.02%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 39.87% 41.51% 48.37% 43.13% 40.36% 44.35% 49.68% 40.91% 41.41% 43.68% 48.72%
EBITDA Margin		 28.67% 29.64% 37.38% 30.97% 28.37% 31.06% 31.70% 28.21% 29.81% 32.56% 33.98%
Operating Margin		 19.57% 18.24% 27.40% 19.25% 18.61% 19.77% 21.14% 14.96% 19.36% 20.73% 23.30%
EBIT Margin		 19.32% 18.30% 27.40% 19.75% 18.57% 19.75% 21.11% 15.32% 19.32% 20.68% 23.27%
Profit (Net Income) Margin		 26.83% 8.09% 17.08% 10.98% 11.16% 10.73% 11.50% 5.73% 10.09% 10.44% 13.63%
Tax Burden Percent		 246.76% 98.78% 89.57% 98.50% 99.75% 93.81% 90.63% 111.98% 101.43% 90.96% 89.43%
Interest Burden Percent		 56.28% 44.77% 69.58% 56.44% 60.27% 57.90% 60.13% 33.41% 51.51% 55.52% 65.49%
Effective Tax Rate		 -146.76% 1.22% 10.43% 1.50% 0.25% 6.19% 9.37% -11.98% -1.43% 9.04% 10.57%
Return on Invested Capital (ROIC)		 32.40% 11.96% 15.34% 12.13% 11.83% 11.70% 10.99% 9.93% 12.01% 11.33% 11.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 27.68% 10.20% 13.88% 10.72% 10.29% 10.20% 9.49% 7.96% 9.77% 9.65% 10.02%
Return on Net Nonoperating Assets (RNNOA)		 238.66% 96.31% 82.23% 64.98% 56.81% 41.65% 35.18% 29.86% 28.58% 29.73% 30.32%
Return on Equity (ROE)		 271.05% 108.26% 97.56% 77.10% 68.64% 53.35% 46.17% 39.79% 40.60% 41.06% 41.78%
Cash Return on Invested Capital (CROIC)		 -5.13% -6.34% 13.90% 12.95% 9.63% 8.78% -13.05% -11.90% -11.36% -13.51% 1.50%
Operating Return on Assets (OROA)		 9.04% 8.81% 12.46% 8.94% 8.35% 9.17% 9.17% 6.68% 8.73% 9.60% 10.38%
Return on Assets (ROA)		 12.55% 3.89% 7.77% 4.97% 5.02% 4.98% 5.00% 2.50% 4.56% 4.85% 6.08%
Return on Common Equity (ROCE)		 269.33% 107.54% 97.15% 76.60% 68.20% 37.87% 34.77% 29.53% 24.57% 23.96% 26.10%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 61.06% 63.66% 68.45% 0.00% 56.52% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 306 95 151 104 120 109 126 99 145 125 156
NOPAT Margin		 48.28% 18.02% 24.55% 18.96% 18.56% 18.55% 19.16% 16.75% 19.64% 18.86% 20.84%
Net Nonoperating Expense Percent (NNEP)		 4.71% 1.75% 1.45% 1.41% 1.54% 1.50% 1.50% 1.97% 2.24% 1.68% 1.44%
Return On Investment Capital (ROIC_SIMPLE)		 7.49% - - - 2.96% 2.76% 2.62% 2.08% 3.04% 2.64% 3.17%
Cost of Revenue to Revenue		 60.13% 58.49% 51.63% 56.87% 59.64% 55.65% 50.32% 59.09% 58.59% 56.32% 51.28%
SG&A Expenses to Revenue		 1.93% 2.26% 1.53% 1.77% 1.66% 1.83% 1.63% 1.70% 1.52% 1.70% 1.50%
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		 20.30% 23.26% 20.96% 23.88% 21.75% 24.58% 28.54% 25.96% 22.05% 22.94% 25.41%
Earnings before Interest and Taxes (EBIT)		 122 97 168 109 120 116 139 91 143 137 174
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 182 157 229 170 184 182 209 167 220 216 254
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.07 12.88 10.63 11.64 11.38 10.31 7.40 7.44 7.95 7.93 10.84
Price to Tangible Book Value (P/TBV)		 14.16 16.74 13.52 14.81 14.45 15.73 11.71 12.07 12.86 12.90 17.23
Price to Revenue (P/Rev)		 2.92 3.11 2.60 2.76 2.67 2.28 2.42 2.27 2.31 2.19 2.96
Price to Earnings (P/E)		 20.25 23.30 18.28 18.62 23.01 18.79 22.55 23.68 24.49 23.17 29.83
Dividend Yield		 3.65% 3.67% 4.31% 4.10% 4.26% 4.92% 4.61% 5.13% 4.91% 5.09% 3.70%
Earnings Yield		 4.94% 4.29% 5.47% 5.37% 4.35% 5.32% 4.43% 4.22% 4.08% 4.32% 3.35%
Enterprise Value to Invested Capital (EV/IC)		 2.52 2.63 2.38 2.52 2.47 2.28 2.07 2.05 2.11 1.98 2.37
Enterprise Value to Revenue (EV/Rev)		 4.22 4.46 3.88 4.03 3.93 3.68 4.05 3.84 3.84 3.69 4.50
Enterprise Value to EBITDA (EV/EBITDA)		 13.41 14.40 12.14 12.69 12.42 11.52 13.26 12.87 12.72 12.06 14.38
Enterprise Value to EBIT (EV/EBIT)		 19.91 21.81 18.06 18.88 18.62 17.20 20.42 20.49 20.26 19.22 22.63
Enterprise Value to NOPAT (EV/NOPAT)		 14.58 15.57 13.85 14.56 19.65 18.28 21.51 21.28 20.93 20.03 23.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.35 18.37 16.76 15.68 15.94 13.22 16.33 16.12 16.76 14.81 17.83
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 17.45 19.89 26.01 26.42 0.00 0.00 0.00 0.00 164.66
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 6.12 6.58 6.19 6.31 6.36 3.51 3.20 3.29 3.28 3.30 3.35
Long-Term Debt to Equity		 6.12 6.58 6.19 6.31 6.36 3.51 3.20 3.29 3.28 3.30 3.35
Financial Leverage		 8.62 9.44 5.92 6.06 5.52 4.08 3.71 3.75 2.93 3.08 3.03
Leverage Ratio		 13.80 14.40 9.51 9.97 9.25 6.91 6.22 6.46 5.31 5.28 4.96
Compound Leverage Factor		 7.77 6.45 6.62 5.63 5.57 4.00 3.74 2.16 2.74 2.93 3.25
Debt to Total Capital		 85.96% 86.80% 86.09% 86.31% 86.41% 77.82% 76.17% 76.67% 76.65% 76.72% 76.99%
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		 85.96% 86.80% 86.09% 86.31% 86.41% 77.82% 76.17% 76.67% 76.65% 76.72% 76.99%
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		 0.09% 0.09% 0.09% 0.09% 0.09% 9.92% 8.49% 8.71% 8.90% 9.11% 9.07%
Common Equity to Total Capital		 13.95% 13.11% 13.82% 13.60% 13.50% 12.26% 15.34% 14.63% 14.46% 14.17% 13.94%
Debt to EBITDA		 5.16 5.16 4.76 4.75 4.75 4.41 5.33 5.36 5.11 4.88 4.82
Net Debt to EBITDA		 4.13 4.36 4.01 3.98 3.97 3.81 4.73 4.66 4.47 4.33 4.35
Long-Term Debt to EBITDA		 5.16 5.16 4.76 4.75 4.75 4.41 5.33 5.36 5.11 4.88 4.82
Debt to NOPAT		 5.61 5.58 5.43 5.45 7.51 6.99 8.65 8.86 8.41 8.11 7.99
Net Debt to NOPAT		 4.49 4.71 4.58 4.56 6.28 6.04 7.67 7.71 7.35 7.19 7.22
Long-Term Debt to NOPAT		 5.61 5.58 5.43 5.45 7.51 6.99 8.65 8.86 8.41 8.11 7.99
Altman Z-Score		 1.49 1.32 1.27 1.51 1.48 1.37 1.27 1.19 1.27 1.23 1.56
Noncontrolling Interest Sharing Ratio		 0.64% 0.67% 0.43% 0.66% 0.65% 29.02% 24.70% 25.79% 39.47% 41.63% 37.52%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.93 1.94 1.91 1.71 1.68 1.64 1.77 1.58 1.55 1.25 1.34
Quick Ratio		 1.43 1.41 1.45 1.29 1.17 1.18 1.27 1.10 1.12 0.91 0.93
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -484 -743 17 -68 5.76 -40 -889 -849 -807 -961 -286
Operating Cash Flow to CapEx		 221.12% 9.41% 174.70% 164.73% 183.95% 87.13% 176.23% 293.77% 155.15% 148.90% 119.74%
Free Cash Flow to Firm to Interest Expense		 -7.92 -12.19 0.30 -1.25 0.11 -0.73 -14.56 -13.01 -12.69 -14.49 -4.48
Operating Cash Flow to Interest Expense		 3.06 0.12 3.16 4.00 3.09 1.81 2.01 3.15 2.59 2.55 2.39
Operating Cash Flow Less CapEx to Interest Expense		 1.68 -1.18 1.35 1.57 1.41 -0.27 0.87 2.07 0.92 0.84 0.39
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.47 0.48 0.45 0.45 0.45 0.46 0.43 0.44 0.45 0.46 0.45
Accounts Receivable Turnover		 19.03 16.09 19.81 20.60 22.91 18.54 18.86 22.77 25.76 19.49 21.60
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		 0.61 0.61 0.58 0.58 0.58 0.59 0.54 0.55 0.57 0.58 0.55
Accounts Payable Turnover		 2.88 3.47 3.47 2.90 2.85 3.13 3.23 2.75 2.93 2.95 3.27
Days Sales Outstanding (DSO)		 19.18 22.69 18.42 17.71 15.93 19.68 19.36 16.03 14.17 18.73 16.90
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)		 126.57 105.29 105.08 126.03 128.30 116.57 113.15 132.59 124.65 123.55 111.47
Cash Conversion Cycle (CCC)		 -107.38 -82.60 -86.66 -108.32 -112.36 -96.89 -93.79 -116.56 -110.48 -104.83 -94.57
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,612 3,727 3,753 3,721 3,726 3,876 4,768 4,670 4,689 4,962 5,211
Invested Capital Turnover		 0.67 0.66 0.62 0.64 0.64 0.63 0.57 0.59 0.61 0.60 0.55
Increase / (Decrease) in Invested Capital		 790 838 133 172 114 149 1,016 948 952 1,086 443
Enterprise Value (EV)		 9,111 9,790 8,938 9,360 9,191 8,822 9,888 9,555 9,900 9,802 12,334
Market Capitalization		 6,301 6,825 5,981 6,424 6,250 5,478 5,920 5,644 5,961 5,814 8,113
Book Value per Share		 $9.53 $8.85 $9.39 $9.21 $9.16 $8.87 $13.34 $12.04 $11.91 $11.63 $11.86
Tangible Book Value per Share		 $7.45 $6.81 $7.39 $7.24 $7.22 $5.81 $8.43 $7.42 $7.36 $7.15 $7.46
Total Capital		 4,079 4,041 4,070 4,059 4,066 4,337 5,219 5,186 5,189 5,173 5,368
Total Debt		 3,506 3,508 3,504 3,504 3,514 3,375 3,975 3,976 3,977 3,968 4,133
Total Long-Term Debt		 3,506 3,508 3,504 3,504 3,514 3,375 3,975 3,976 3,977 3,968 4,133
Net Debt		 2,806 2,961 2,954 2,933 2,937 2,914 3,525 3,459 3,477 3,517 3,735
Capital Expenditures (CapEx)		 85 79 106 132 91 113 70 70 106 114 128
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -206 -112 -121 -188 -208 -163 -116 -202 -215 -295 -197
Debt-free Net Working Capital (DFNWC)		 494 435 429 383 368 299 335 315 285 156 201
Net Working Capital (NWC)		 494 435 429 383 368 299 335 315 285 156 201
Net Nonoperating Expense (NNE)		 136 52 46 44 48 46 50 65 70 56 54
Net Nonoperating Obligations (NNO)		 3,039 3,194 3,186 3,166 3,173 2,914 3,525 3,459 3,477 3,758 3,976
Total Depreciation and Amortization (D&A)		 59 60 61 62 63 66 70 76 77 79 80
Debt-free, Cash-free Net Working Capital to Revenue		 -9.55% -5.10% -5.25% -8.07% -8.89% -6.78% -4.74% -8.12% -8.34% -11.13% -7.17%
Debt-free Net Working Capital to Revenue		 22.91% 19.82% 18.64% 16.49% 15.74% 12.45% 13.70% 12.65% 11.07% 5.87% 7.33%
Net Working Capital to Revenue		 22.91% 19.82% 18.64% 16.49% 15.74% 12.45% 13.70% 12.65% 11.07% 5.87% 7.33%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.41 $0.72 $1.68 $0.99 $1.15 $1.05 $1.17 $0.55 $1.17 $1.12 $1.47
Adjusted Weighted Average Basic Shares Outstanding		 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M 63.12M
Adjusted Diluted Earnings per Share		 $2.55 $0.67 $1.65 $0.94 $1.12 $1.00 $1.12 $0.53 $1.12 $1.03 $1.42
Adjusted Weighted Average Diluted Shares Outstanding		 59.71M 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M 63.12M
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 59.89M 59.90M 59.90M 59.90M 60.00M 63.00M 63.00M 63.01M 63.11M 63.12M
Normalized Net Operating Profit after Tax (NOPAT)		 87 96 151 105 121 109 126 64 101 126 156
Normalized NOPAT Margin		 13.79% 18.24% 24.70% 19.12% 18.75% 18.56% 19.17% 10.78% 13.69% 18.91% 20.89%
Pre Tax Income Margin		 10.87% 8.19% 19.07% 11.15% 11.19% 11.44% 12.69% 5.12% 9.95% 11.48% 15.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.00 1.59 2.88 1.99 2.23 2.14 2.28 1.39 2.24 2.07 2.73
NOPAT to Interest Expense		 5.00 1.56 2.58 1.91 2.23 2.01 2.07 1.52 2.28 1.89 2.44
EBIT Less CapEx to Interest Expense		 0.62 0.28 1.07 -0.44 0.55 0.06 1.14 0.32 0.57 0.36 0.73
NOPAT Less CapEx to Interest Expense		 3.62 0.26 0.77 -0.52 0.55 -0.07 0.93 0.45 0.61 0.18 0.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 51.49% 70.81% 70.83% 68.80% 94.98% 89.61% 100.30% 113.81% 115.47% 115.43% 107.03%
Augmented Payout Ratio		 51.49% 70.81% 70.83% 68.80% 94.98% 89.61% 100.30% 113.81% 115.47% 115.43% 107.03%

Financials Breakdown Chart

Key Financial Trends

Ryman Hospitality Properties (NYSE: RHP) delivered a solid start to 2026, with strong operating income and continued positive operating cash flow, but the quarter also highlighted a heavy debt load and substantial financing needs.

  • Revenue growth remained positive year over year. Q1 2026 revenue rose to $664.6 million from $587.3 million in Q1 2025, showing the business is still growing on the top line.
  • Operating profit improved modestly. Operating income increased to $137.8 million from $116.1 million a year ago, suggesting better core profitability despite higher expenses.
  • Cash flow from operations was strong. RHP generated $169.2 million in operating cash flow in Q1 2026, up from $98.2 million in Q1 2025.
  • Cash balance remained healthy. The company ended Q1 2026 with $424.0 million in cash and equivalents, which gives it some liquidity flexibility.
  • Common equity increased year over year. Total common equity rose to $732.8 million from $531.5 million in Q1 2025, reflecting improved retained value on the balance sheet.
  • Net income was strong in absolute terms. RHP reported $69.4 million of net income in Q1 2026, still a profitable quarter despite lower earnings than the prior year period.
  • Capital spending stayed elevated. The company spent $113.7 million on property, plant and equipment in Q1 2026, indicating continued investment in the asset base.
  • Dividend payout remains meaningful. Cash dividends to common shareholders were $1.20 per share in Q1 2026, which supports income investors but also consumes cash.
  • Interest expense remains a large drag on earnings. Interest expense was $66.3 million in Q1 2026, keeping financing costs high relative to operating profit.
  • Debt remains very high. Long-term debt stood at $3.97 billion at the end of Q1 2026, a major leverage risk for shareholders.
  • RHP used substantial financing to manage the balance sheet. In Q1 2026, the company issued $700.0 million of debt while repaying $721.2 million, showing ongoing refinancing activity rather than a clean reduction in leverage.
  • Financing and investing cash flows were negative. Net cash from investing activities was negative $114.1 million and net cash from financing activities was negative $104.1 million, which led to a $48.9 million decline in cash and equivalents during the quarter.
  • Margin pressure is still visible below revenue. Cost of revenue and depreciation remain large, and other operating expenses were also significant, limiting how much revenue growth flows through to the bottom line.

Overall: RHP continues to produce strong cash from operations and has posted year-over-year revenue and operating income growth, which is encouraging. However, the company is still highly leveraged and depends on ongoing debt management, so the stock likely remains sensitive to interest rates, refinancing conditions, and travel demand.

08/12/26 11:40 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' financial year ends in December. Their financial 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. Find out what analysts predict for Ryman Hospitality Properties in the coming months.

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 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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