Filing Flows › Ryman Hospitality Properties (RHP) › Q1 2025
Ryman Hospitality Properties (RHP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Ryman Hospitality Properties (RHP) reported revenue of $587M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -9% from the quarter before. Operating margin was 19.8%, net earnings $63.0M (10.7% of revenue).
Ryman Hospitality Properties, Q1 2025: revenue $587M (+11% year over year), operating margin 19.8%, net earnings $63.0M, operating cash flow $98.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $587M | -9% | +11% |
| Operating profit | $116M | -4% | +20% |
| Net earnings | $63.0M | -8% | +46% |
| Operating cash flow | $98.2M | -41% | 13× |
What changed
Revenue was $587.3M in Q1 2025, up 11% year over year and down 9% from the previous quarter. Rooms was the largest line at 32% of revenue. Rooms added $15.6M year over year (up 9%), 26% of the total change.
Operating profit was $116.1M, a 19.8% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 18% margin then. Total costs grew 9% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $63.0M, up 46% year over year. The effective tax rate was 6.2%.
Operating cash flow was $98.2M (up 1214% year over year), 156% of net earnings. Non-cash charges added back $63.7M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $32.1M. Capital expenditures of $112.7M exceeded it, leaving free cash flow of −$14.5M.
Questions
What was Ryman Hospitality Properties' revenue in the first quarter 2025?
Ryman Hospitality Properties (RHP) reported revenue of $587M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -9% from the quarter before.
Was Ryman Hospitality Properties profitable in the first quarter 2025?
Operating profit was $116M (19.8% of revenue) and net earnings $63.0M.