Filing Flows › Ryman Hospitality Properties (RHP) › Q3 2026
Ryman Hospitality Properties (RHP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Ryman Hospitality Properties (RHP) reported revenue of $656M for the third quarter 2026 (Q3 2026), +11% from a year earlier and -12% from the quarter before. Operating margin was 14.4%, net earnings $40.2M (6.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $656M | -12% | +11% |
| Operating profit | $94.3M | -46% | +6% |
| Net earnings | $40.2M | -57% | +15% |
| Operating cash flow | $194M | +27% | -6% |
| Free cash flow | $72.0M | +186% | -47% |
What changed
Revenue was $655.8M in Q3 2026, up 11% year over year and down 12% from the previous quarter. Hotel Food and Beverage Banquets was the largest line at 28% of revenue. Hotel Food and Beverage Banquets added $28.0M year over year (up 18%), 44% of the total change. Entertainment Admissions and Ticketing declined 11%.
Operating profit was $94.3M, a 14.4% margin (down 0.6 points year over year). Of the extra revenue versus Q3 2025, 9% reached operating profit, below the 15% margin then. Total costs grew 11% against revenue growth of 11%. The fastest-growing cost line was General & admin (+23%). Net earnings were $40.2M, up 15% year over year. The effective tax rate was -19.4%.
Operating cash flow was $193.7M (down 6% year over year), 488% of net earnings. Non-cash charges added back $83.2M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $66.7M. Capital expenditures of $121.7M left free cash flow of $72.0M.
Questions
What was Ryman Hospitality Properties' revenue in the third quarter 2026?
Ryman Hospitality Properties (RHP) reported revenue of $656M for the third quarter 2026 (Q3 2026), +11% from a year earlier and -12% from the quarter before.
Was Ryman Hospitality Properties profitable in the third quarter 2026?
Operating profit was $94.3M (14.4% of revenue) and net earnings $40.2M.