NYSE · Financial Statements

GreenTree Hospitality Group Ltd. (GHG) Financial Statements

$1.18 NYSE: GHG Market Cap $119.15M

GreenTree Hospitality Group Ltd. most recently reported annual revenue of $1.1B, net profit of $167.0M. Revenue grew at an average annual rate of 3.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

GreenTree Hospitality Group Ltd.: Revenue rose from $648.0M in 2016 to $1.1B in 2025, a change of +69.3% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 48.2% to 12.8%, a shift of -35.4 percentage points; the most recent year shows net profit of $167.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$648.0M$778.0M$945.0M$1.1B$930.0M$2.0B$945.0M$1.6B$1.3B$1.1B
Operating Expenses$336.0M$391.0M$410.0M$587.0M$611.0M$1.8B$1.4B$1.3B$1.2B$957.0M
Operating Profit$312.0M$387.0M$535.0M$505.0M$319.0M$129.0M$-487.0M$336.0M$162.0M$140.0M
Operating Margin48.2%49.8%56.6%46.2%34.3%6.6%-51.5%20.6%12.1%12.8%
Other Income$37.0M$84.0M$27.0M$123.0M$36.0M$66.0M$-19.0M$43.0M$34.0M$69.0M
Interest$0$1.0M$1.0M$3.0M$3.0M$15.0M$28.0M$14.0M$6.0M$8.0M
Depreciation$35.0M$25.0M$26.0M$40.0M$66.0M$119.0M$125.0M$117.0M$116.0M$89.0M
Profit Before Tax$360.0M$473.0M$562.0M$626.0M$355.0M$195.0M$-506.0M$379.0M$196.0M$209.0M
Tax$23.3M$39.5M$28.5M$30.3M$31.1M$57.4M$8.7M$31.3M$45.3M$21.9M
Net Profit$266.0M$285.0M$394.0M$443.0M$261.0M$89.0M$-425.0M$269.0M$110.0M$167.0M
EPS$1.31$1.41$3.97$4.34$2.54$0.86$-4.13$2.64$1.08$1.65
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$415.0M$400.0M$372.0M$352.0M$330.0M$357.0M$305.0M$293.0M$293.0M$304.0M$215.0M$228.0M
Operating Expenses$316.0M$396.0M$325.0M$280.0M$245.0M$251.0M$406.0M$247.0M$247.0M$234.0M$230.0M$199.0M
Operating Profit$99.0M$4.0M$47.0M$72.0M$84.0M$106.0M$-101.0M$46.0M$46.0M$70.0M$-15.0M$29.0M
Operating Margin23.8%0.9%12.6%20.5%25.6%29.8%-33.2%15.6%15.6%23.1%-7.0%12.6%
Interest$4.0M$4.0M$1.0M$2.0M$3.0M$0$2.0M$0$0$2.0M$2.0M$2.0M
Profit Before Tax$181.0M$-30.0M$35.0M$84.0M$89.0M$90.0M$-66.0M$114.0M$114.0M$79.0M$-93.0M$24.0M
Tax$32.0M$-108.2M$75.2M$31.6M$30.0M$27.2M$-16.9M$13.2M$13.2M$23.9M$3.5M$40.9M
Net Profit$103.0M$-60.0M$-31.0M$59.0M$62.0M$66.0M$-76.0M$101.0M$101.0M$61.0M$-89.0M$16.0M
EPS$1.22$-0.59$-0.30$0.58$0.61$0.65$-0.75$0.99$0.99$0.60$-0.54$0.15

Over the 10 years reported for GreenTree Hospitality Group Ltd., cash stood at $1.7B in the latest year, shareholders' equity was $338.0M, current assets covered current liabilities 1.61 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.9B$1.8B$3.0B$3.8B$4.1B$4.7B$5.7B$5.1B$4.9B$4.8B
Current Assets$1.6B$1.5B$2.5B$1.3B$1.6B$1.8B$1.8B$1.6B$1.8B$1.9B
Cash$897.0M$162.0M$1.3B$320.0M$611.0M$298.0M$699.0M$766.0M$1.5B$1.7B
Inventory$2.0M$2.0M$3.0M$3.0M$4.0M$2.0M$22.0M$20.0M$7.0M$5.0M
Receivables$36.0M$54.0M$65.0M$103.0M$142.0M$762.0M$787.0M$138.0M$259.0M$139.0M
Fixed Assets$110.0M$97.0M$222.0M$615.0M$669.0M$1.0B$2.6B$2.4B$2.0B$1.7B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$309.0M$1.2B$1.1B$1.6B$1.4B$1.1B$534.0M$692.0M$470.0M$474.0M
Other Assets$3.0M$3.0M$6.0M$100.0M$100.0M$121.0M$177.0M$177.0M$96.0M$26.0M
Total Liabilities$849.0M$1.2B$1.2B$1.9B$1.8B$2.6B$4.0B$3.6B$3.5B$3.2B
Current Liabilities$492.0M$813.0M$675.0M$859.0M$870.0M$1.3B$1.5B$1.3B$1.2B$1.2B
Borrowings$0$0$60.0M$60.0M$150.0M$708.0M$2.2B$1.8B$1.7B$1.5B
Other Liabilities$849.0M$1.2B$1.1B$1.8B$1.7B$1.9B$1.8B$1.8B$1.7B$1.7B
Equity$301.0M$301.0M$333.0M$335.0M$338.0M$338.0M$338.0M$338.0M$338.0M$338.0M
Reserves$1.0B$583.0M$1.9B$1.8B$2.1B$1.9B$1.6B$1.4B$1.5B$1.6B

For GreenTree Hospitality Group Ltd., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $20.0M; free cash flow was positive in 9 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$444.0M$477.0M$555.0M$514.0M$297.0M$361.0M$282.0M$455.0M$373.0M$274.0M
Investing Cash Flow$68.0M$-761.0M$-324.0M$-1.3B$-228.0M$-1.5B$370.0M$-182.0M$266.0M$-315.0M
Financing Cash Flow$-115.0M$115.0M$-34.0M$15.0M$28.0M$18.0M$-1.0M$-19.0M$-1.0M$0
Net Cash Flow$391.0M$-735.0M$1.1B$-925.0M$292.0M$-313.0M$380.0M$58.0M$734.0M$218.0M
Free Cash Flow$437.0M$460.0M$413.0M$414.0M$184.0M$-200.0M$213.0M$367.0M$294.0M$20.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.33
EV / EBITDA2.45
FCF Yield-0.31%
Quick Ratio1.61
Interest Coverage22.76
Return 1Y-48.71%
Return 3Y-77.38%
Return 5Y-86.86%

GreenTree Hospitality Group Ltd. (GHG) financials — frequently asked questions

What is GreenTree Hospitality Group Ltd.'s annual revenue?

GreenTree Hospitality Group Ltd. (GHG) reported annual revenue of $1.1B in its most recent fiscal year.

What is GreenTree Hospitality Group Ltd.'s net profit?

GreenTree Hospitality Group Ltd. (GHG) reported net profit of $167.0M in its most recent fiscal year.

What is GHG EV/EBITDA?

GreenTree Hospitality Group Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 2.45.

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