Ryman Hospitality Properties, Inc. (RHP) Income Statement
RHP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRHP revenue and net income
Where RHP's revenue goes
2025Each bar shows an amount and its share of revenue. RHP kept 9.4% of revenue as net income.
RHP profit margins
RHP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.2% | +12.6% | +37.5% | +9.0% |
| Gross profit | −69.7% | −23.9% | — | −2.4% |
| Operating income | −0.5% | +14.3% | — | +11.7% |
| Net income | −10.4% | +23.6% | — | +8.1% |
| EPS (diluted) | −13.8% | +16.7% | — | +5.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RHP quarterly EPS vs estimates
Ryman Hospitality Properties beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.66).
RHP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.58B | $2.34B | $2.16B | $1.81B | $939.4M | $524.5M | $1.60B | $1.28B | $1.18B | $1.15B |
| Cost of revenue | $2.32B | $1.50B | $1.45B | $1.23B | $738.7M | $551.1M | $1.08B | $880.5M | $817.3M | $796.4M |
| Gross profit | $255.9M | $844.3M | $709.0M | $579.7M | $200.7M | −$26.7M | $520.8M | $394.6M | $367.4M | $352.8M |
| Research & development | — | — | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $45.7M | $113.2M | $107.8M | $98.1M | $74.8M | $51.8M | $89.5M | $72.0M | $71.9M | $65.8M |
| Total operating expenses | −$232.4M | $353.5M | $255.3M | $252.6M | $259.4M | $277.2M | $253.3M | $151.7M | $145.5M | $139.0M |
| Operating income | $488.3M | $490.8M | $453.7M | $327.1M | −$58.7M | −$303.8M | $267.5M | $214.3M | $184.7M | $213.8M |
| Interest income | $20.3M | $28.0M | $15.6M | $153.6M | $128.6M | $7.3M | $11.8M | $10.5M | $11.8M | $11.5M |
| Interest expense | $241.3M | $225.4M | $211.4M | $148.4M | $125.3M | $115.8M | $131.6M | $75.0M | $66.1M | $63.9M |
| Income before taxes | $254.6M | $294.0M | $248.1M | $173.7M | −$189.8M | −$433.7M | $146.8M | $276.4M | $126.9M | $162.8M |
| Income taxes | $7.3M | $13.8M | −$93.7M | $38.8M | $5.0M | $27.1M | $18.5M | $11.7M | −$49.2M | $3.4M |
| Net income | $243.4M | $271.6M | $311.2M | $129.0M | −$177.0M | −$417.4M | $145.8M | $264.7M | $176.1M | $159.4M |
| EBITDA | $774.0M | $725.6M | $670.7M | $530.7M | $155.9M | −$102.9M | $492.2M | $472.3M | $305.0M | $336.5M |
| EPS (diluted) | $3.86 | $4.48 | $5.38 | $2.43 | −$3.04 | −$6.52 | $3.18 | $3.40 | $3.21 | $3.11 |
| Gross margin | 9.9% | 36.1% | 32.9% | 32.1% | 21.4% | −5.1% | 32.5% | 30.9% | 31.0% | 30.7% |
| Operating margin | 18.9% | 21.0% | 21.0% | 18.1% | −6.2% | −57.9% | 16.7% | 16.8% | 15.6% | 18.6% |
| Net margin | 9.4% | 11.6% | 14.4% | 7.1% | −18.8% | −79.6% | 9.1% | 20.8% | 14.9% | 13.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $749.0M | $664.6M | $737.8M | $592.5M | $659.5M | $587.3M | $647.6M | $550.0M | $613.3M | $528.3M | $633.1M | $528.5M |
| Cost of revenue | $639.8M | $590.8M | $656.6M | $418.0M | $442.3M | $396.6M | $454.3M | $374.4M | $376.2M | $361.6M | $496.1M | $358.2M |
| Gross profit | $109.1M | $73.8M | $81.2M | $174.5M | $217.2M | $190.7M | $193.3M | $175.5M | $237.1M | $166.7M | $137.0M | $170.3M |
| Sales, general & admin | $11.2M | — | $12.6M | $21.5M | $10.9M | $10.9M | $10.7M | $10.6M | $10.5M | $13.4M | $20.5M | $10.3M |
| Total operating expenses | −$65.4M | −$64.0M | −$61.6M | $85.8M | $77.8M | $74.6M | $72.8M | $69.6M | $69.0M | $70.3M | $13.1M | $68.4M |
| Operating income | $174.5M | $137.8M | $142.9M | $88.6M | $139.4M | $116.1M | $120.5M | $105.9M | $168.1M | $96.4M | $123.9M | $101.9M |
| Interest income | $3.7M | $5.2M | $4.4M | $4.8M | $5.6M | $5.5M | $6.2M | $7.2M | $7.1M | $7.5M | $7.4M | $65.0M |
| Interest expense | $63.9M | $64.1M | $63.6M | $64.9M | $58.5M | $54.3M | $53.8M | $54.5M | $56.6M | $60.4M | $61.1M | $58.5M |
| Income before taxes | $114.1M | $76.3M | $73.4M | $30.3M | $83.7M | $67.2M | $72.5M | $61.3M | $116.9M | $43.3M | $68.8M | $42.9M |
| Income taxes | $12.1M | $6.9M | −$1.1M | −$3.6M | $7.8M | $4.2M | $184,000 | $922,000 | $12.2M | $530,000 | −$101.0M | $2.2M |
| Net income | $92.8M | $70.5M | $73.8M | $34.9M | $71.8M | $63.0M | $68.8M | $59.0M | $100.8M | $43.1M | $142.1M | $41.2M |
| EBITDA | $255.1M | $216.1M | $211.2M | $168.4M | $209.2M | $185.2M | $187.1M | $174.9M | $232.1M | $160.9M | $186.5M | $159.5M |
| EPS (diluted) | $2.77 | $1.10 | $1.09 | $0.59 | $1.16 | $1.02 | $1.15 | $0.94 | $1.66 | $0.73 | $2.37 | $0.69 |
| Gross margin | 14.6% | 11.1% | 11.0% | 29.4% | 32.9% | 32.5% | 29.8% | 31.9% | 38.7% | 31.6% | 21.6% | 32.2% |
| Operating margin | 23.3% | 20.7% | 19.4% | 15.0% | 21.1% | 19.8% | 18.6% | 19.3% | 27.4% | 18.2% | 19.6% | 19.3% |
| Net margin | 12.4% | 10.6% | 10.0% | 5.9% | 10.9% | 10.7% | 10.6% | 10.7% | 16.4% | 8.1% | 22.5% | 7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RHP's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RHP financial results
In fiscal year 2025 (ended December 31, 2025), Ryman Hospitality Properties reported revenue of $2.6 billion, up 10.2% from the year before. It had net income of $243.4 million (down 10.4%), a net profit margin of 9.4%. Diluted earnings per share came to $3.86. Over five years revenue grew at an average rate of 37.5% a year.
See the RHP stock overview for the latest quote and news, or the RHP chart for price history and technical indicators.
RHP income statement FAQ
What is Ryman Hospitality Properties's annual revenue?
Ryman Hospitality Properties reported total revenue of $2.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.2% from $2.3 billion the previous year.
Is Ryman Hospitality Properties profitable?
Yes. Ryman Hospitality Properties reported net income of $243.4 million in fiscal 2025, a net profit margin of 9.4%; its operating margin was 18.9%.
What is Ryman Hospitality Properties's gross margin?
Ryman Hospitality Properties's gross margin was 9.9% in fiscal 2025: for every $100 of revenue, Ryman Hospitality Properties kept $10 after the direct cost of its products and services.
How fast is Ryman Hospitality Properties growing?
Revenue grew 37.5% a year on average over the last five fiscal years, from $524.5 million to $2.6 billion.
What are Ryman Hospitality Properties's earnings per share?
Ryman Hospitality Properties earned $3.86 per diluted share in fiscal 2025, compared with $4.48 a year earlier.
When will Ryman Hospitality Properties report its next earnings?
Ryman Hospitality Properties is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Ryman Hospitality Properties's fiscal year end?
Ryman Hospitality Properties's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.