Filing Flows › Ryman Hospitality Properties (RHP) › Q3 2026 › vs Q2 2026
Ryman Hospitality Properties (RHP) Q3 2026 vs Q2 2026 (quarter over quarter)
Ryman Hospitality Properties's revenue fell $93.2M (-12%) from $749M in Q2 2026 to $656M in Q3 2026. The biggest changes: Entertainment Segment −$51.0M (-35%); Food and Beverage −$26.2M (-9%); Rooms −$13.0M (-6%). Operating margin 14.4% against 23.3% (-8.9 pts).
Ryman Hospitality Properties, Q3 2026: revenue $656M (+11% year over year), operating margin 14.4%, net earnings $40.2M, operating cash flow $194M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.4% | 23.3% | -8.9 pts |
| Net margin | 6.1% | 12.4% | -6.3 pts |
| Free cash flow margin | 11.0% | 3.4% | +7.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Hotel Food and Beverage Banquets | $182M | $213M | −$30.9M | -14% |
| Hotel Group Rooms | $143M | $168M | −$25.3M | -15% |
| Hotel Food and Beverage Outlets | $88.0M | $83.2M | $4.8M | +6% |
| Hotel Transient Rooms | $76.4M | $64.1M | $12.3M | +19% |
| Entertainment Food and Beverage | $37.2M | $49.2M | −$12.0M | -24% |
| Entertainment Admissions and Ticketing | $30.2M | $61.2M | −$31.0M | -51% |
| Entertainment Retail and Other | $25.6M | $33.6M | −$8.1M | -24% |
| Food and Beverage | $270M | $296M | −$26.2M | -9% |
| Rooms | $219M | $232M | −$13.0M | -6% |
| Entertainment Segment | $93.0M | $144M | −$51.0M | -35% |
| Hotel, Other | $73.1M | $76.2M | −$3.0M | -4% |
| Revenue | $656M | $749M | −$93.2M | -12% |
| Operating profit | $94.3M | $175M | −$80.2M | -46% |
| Costs & expenses | $561M | $574M | −$13.0M | -2% |
| Pre-tax earnings | $33.2M | $114M | −$80.9M | -71% |
| Other expense, net | $61.1M | $60.4M | $702K | +1% |
| Cost of revenue | $389M | $384M | $5.3M | +1% |
| General & admin | $12.4M | $11.2M | $1.1M | +10% |
| Other operating costs | $160M | $179M | −$19.4M | -11% |
| Income tax benefit | $6.4M | −$12.1M | $18.5M | — |
| Loss borne by minority interests | $531K | −$9.3M | $9.9M | — |
| Net earnings | $40.2M | $92.8M | −$52.5M | -57% |
| Depreciation & amortization | $83.2M | $77.1M | $6.1M | +8% |
| Share-based compensation | $4.1M | $3.8M | $286K | +7% |
| Working capital & other | $66.2M | −$21.0M | $87.1M | — |
| Operating cash flow | $194M | $153M | $41.0M | +27% |
| Free cash flow (OCF − capex) | $72.0M | $25.2M | $46.8M | +186% |
| Capital expenditures | $122M | $128M | −$5.9M | -5% |
Questions
How much did Ryman Hospitality Properties's revenue grow quarter over quarter in Q3 2026?
Ryman Hospitality Properties's revenue fell $93.2M (-12%) from $749M in Q2 2026 to $656M in Q3 2026.
What drove Ryman Hospitality Properties's revenue change in Q3 2026?
Entertainment Segment −$51.0M (-35%); Food and Beverage −$26.2M (-9%); Rooms −$13.0M (-6%).