Ryman Hospitality Properties, Inc. (RHP)
Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the Grande Lakes Orlando Resort, the JW Marriott Phoenix Desert Ridge Resort & Spa and the JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to the Company's Gaylord Hotels properties. The Company's hotel portfolio is managed by Marriott International and includes a combined total of 13,956 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry, Ryman Auditorium, WSM 650 AM, Ole Red, Category 10, Nashville-area attractions, and Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. OEG manages select outdoor live music venues, including Ascend Federal Credit Union Amphitheater in Nashville and CCNB Amphitheatre in Simpsonville, South Carolina. OEG also owns a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company's financial results. Ryman Hospitality Properties, Inc. was established in 1991 and was incorporated in Delaware.
- Symbol
- RHP
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Hotel & Motel
- Market cap
- $7.67B
- 52 week range
- 83.82 - 137.46
Valuation
- Share price
- $120.74 (close of 2026-09-23)
- P/E (TTM)
- 28.20x
- Price to book
- 9.70x
- Price to free cash flow
- 11.09x
- Enterprise value
- $11.44B
- Book value per share
- $12.53
Price performance
| Period | Change |
|---|
| 1 day | -0.77% |
| 5 days | +0.02% |
| 1 month | -6.04% |
| 3 months | -2.81% |
| 6 months | +31.41% |
| Year to date | +27.61% |
| 1 year | +27.92% |
| 3 years | +47.73% |
| 5 years | +42.80% |
| 10 years | +135.96% |
| All time | +944.46% |
Profitability and growth
- Return on equity
- 30.85%
- Return on invested capital
- 10.77%
- Return on assets
- 3.94%
- Gross margin
- 44.08%
- Net margin
- 9.45%
- EBITDA margin
- 29.69%
- Revenue growth
- 10.17%
- Net income growth
- -10.39%
- Free cash flow growth
- 2.45%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.02%
- Net debt to EBITDA
- 4.43x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.58B
- Cost of revenue
- $1.44B
- Gross profit
- $1.14B
- EBITDA
- $765.11M
- Net income
- $243.43M
- Earnings per share
- $3.94
- Shares outstanding
- 61.83M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.58B | $1.14B | $243.43M | $3.94 |
| 2024-12-31 | $2.34B | $1.01B | $271.64M | $4.54 |
| 2023-12-31 | $2.16B | $932.67M | $311.22M | $5.39 |
| 2022-12-31 | $1.81B | $768.29M | $134.95M | $2.34 |
| 2021-12-31 | $939.37M | $318.45M | $-194.80M | $-3.21 |
| 2020-12-31 | $524.48M | $51.63M | $-460.82M | $-7.59 |
| 2019-12-31 | $1.60B | $647.39M | $128.29M | $2.82 |
| 2018-12-31 | $1.28B | $503.88M | $264.67M | $5.16 |
| 2017-12-31 | $1.18B | $451.12M | $176.10M | $3.44 |
| 2016-12-31 | $1.15B | $426.77M | $159.37M | $3.12 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 44.08% | 9.45% | 30.85% | 10.77% |
| 2024-12-31 | 43.37% | 11.61% | 49.15% | 13.29% |
| 2023-12-31 | 43.22% | 14.42% | 54.33% | 13.01% |
| 2022-12-31 | 42.54% | 7.47% | 140.72% | 10.49% |
| 2021-12-31 | 33.90% | -20.74% | 869.92% | - |
| 2020-12-31 | 9.85% | -87.86% | -209.64% | -111.79% |
| 2019-12-31 | 40.35% | 8.00% | 19.90% | 63.87% |
| 2018-12-31 | 39.52% | 20.76% | 56.36% | 43.31% |
| 2017-12-31 | 38.08% | 14.86% | 46.57% | 9.59% |
| 2016-12-31 | 37.14% | 13.87% | 43.31% | 11.58% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $471.42M | - |
| 2024-12-31 | $477.69M | - |
| 2023-12-31 | $591.83M | - |
| 2022-12-31 | $334.19M | - |
| 2021-12-31 | $140.69M | - |
| 2020-12-31 | $56.70M | - |
| 2019-12-31 | $362.43M | - |
| 2018-12-31 | $103.44M | - |
| 2017-12-31 | $57.56M | $1.62B |
| 2016-12-31 | $59.13M | $1.52B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $590.63M | $14.06M |
| 2024-12-31 | $576.51M | $13.89M |
| 2023-12-31 | $557.06M | $15.42M |
| 2022-12-31 | $419.93M | $14.98M |
| 2021-12-31 | $111.25M | $12.10M |
| 2020-12-31 | $-161.52M | $8.73M |
| 2019-12-31 | $354.69M | $7.83M |
| 2018-12-31 | $321.92M | $7.66M |
| 2017-12-31 | $295.83M | $6.64M |
| 2016-12-31 | $293.60M | $6.13M |
Dividend history
- Most recent payment
- 2026-06-30
- Paid in the last twelve months
- $4.75
| Payment date | Dividend per share |
|---|
| 2026-06-30 | $1.20 |
| 2026-03-31 | $1.20 |
| 2025-12-31 | $1.20 |
| 2025-09-30 | $1.15 |
| 2025-06-30 | $1.15 |
| 2025-03-31 | $1.15 |
| 2024-12-31 | $1.15 |
| 2024-09-30 | $1.10 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
- Consensus EPS estimate
- $1.68
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $2.56 |
| 2026-04-30 | - | - |
| 2026-02-23 | - | - |
| 2025-11-03 | - | - |
| 2025-08-04 | - | - |
| 2025-05-01 | - | - |
| 2025-02-20 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- rymanhp.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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