Filing Flows › Ryman Hospitality Properties (RHP) › Q2 2025
Ryman Hospitality Properties (RHP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ryman Hospitality Properties (RHP) reported revenue of $660M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +12% from the quarter before. Operating margin was 21.1%, net earnings $71.8M (10.9% of revenue).
Ryman Hospitality Properties, Q2 2025: revenue $660M (+8% year over year), operating margin 21.1%, net earnings $71.8M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $660M | +12% | +8% |
| Operating profit | $139M | +20% | -17% |
| Net earnings | $71.8M | +14% | -29% |
| Operating cash flow | $122M | +25% | -34% |
| Free cash flow | $53.0M | — | -33% |
What changed
Revenue was $659.5M in Q2 2025, up 8% year over year and up 12% from the previous quarter. Hotel Food and Beverage Banquets was the largest line at 26% of revenue. Entertainment Admissions and Ticketing added $31.1M year over year (up 90%), 67% of the total change. Hotel Food and Beverage Banquets declined 8%.
Operating profit was $139.4M, a 21.1% margin (down 6.3 points year over year). Operating profit fell $28.6M even though revenue rose $46.2M versus a year earlier, so costs grew faster than sales. Total costs grew 17% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+49%). Net earnings were $71.8M, down 29% year over year. The effective tax rate was 9.4%.
Operating cash flow was $122.5M (down 34% year over year), 161% of net income including minority interests. Non-cash charges added back $67.0M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $23.8M. Capital expenditures of $69.5M left free cash flow of $53.0M.
Questions
What was Ryman Hospitality Properties' revenue in the second quarter 2025?
Ryman Hospitality Properties (RHP) reported revenue of $660M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +12% from the quarter before.
Was Ryman Hospitality Properties profitable in the second quarter 2025?
Operating profit was $139M (21.1% of revenue) and net earnings $71.8M.