Filing Flows › Ryman Hospitality Properties (RHP) › Q1 2026
Ryman Hospitality Properties (RHP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Ryman Hospitality Properties (RHP) reported revenue of $665M for the first quarter 2026 (Q1 2026), +13% from a year earlier and -10% from the quarter before. Operating margin was 20.7%, net earnings $70.5M (10.6% of revenue).
Ryman Hospitality Properties, Q1 2026: revenue $665M (+13% year over year), operating margin 20.7%, net earnings $70.5M, operating cash flow $169M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $665M | -10% | +13% |
| Operating profit | $138M | -4% | +19% |
| Net earnings | $70.5M | -5% | +12% |
| Operating cash flow | $169M | +3% | +72% |
| Free cash flow | $55.6M | -5% | — |
What changed
Revenue was $664.6M in Q1 2026, up 13% year over year and down 10% from the previous quarter. Hotel Food and Beverage Banquets was the largest line at 32% of revenue. Hotel Food and Beverage Banquets added $28.0M year over year (up 15%), 36% of the total change. Entertainment Admissions and Ticketing declined 19%.
Operating profit was $137.8M, a 20.7% margin (up 1.0 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 20% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+15%). Net earnings were $70.5M, up 12% year over year ($69.4M including minority interests, which bore $1.1M of losses). The effective tax rate was 9.0%.
Operating cash flow was $169.2M (up 72% year over year), 244% of net earnings. Non-cash charges added back $75.7M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $20.3M. Capital expenditures of $113.7M left free cash flow of $55.6M.
Questions
What was Ryman Hospitality Properties' revenue in the first quarter 2026?
Ryman Hospitality Properties (RHP) reported revenue of $665M for the first quarter 2026 (Q1 2026), +13% from a year earlier and -10% from the quarter before.
Was Ryman Hospitality Properties profitable in the first quarter 2026?
Operating profit was $138M (20.7% of revenue) and net earnings $70.5M.