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Side-by-side financial comparison of Apple Hospitality REIT, Inc. (APLE) and GreenTree Hospitality Group Ltd. (GHG). Click either name above to swap in a different company.

Apple Hospitality REIT, Inc. is the larger business by last-quarter revenue ($337.7M vs $286.9M, roughly 1.2× GreenTree Hospitality Group Ltd.).

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

GreenTree Hospitality Group Ltd. is a pure play franchised hotel operator, headquartered in Shanghai, China, with the majority of its hotels both franchised-and-managed. In 2017, GreenTree was the fourth largest economy to mid-scale hotel group in China based on the number of hotel rooms according to China Hospitality Association.

APLE vs GHG — Head-to-Head

Bigger by revenue
APLE
APLE
1.2× larger
APLE
$337.7M
$286.9M
GHG

Income Statement — Q1 FY2026 vs Q3 FY2024

Metric
APLE
APLE
GHG
GHG
Revenue
$337.7M
$286.9M
Net Profit
$27.7M
Gross Margin
Operating Margin
14.2%
Net Margin
8.2%
Revenue YoY
3.1%
Net Profit YoY
12.7%
EPS (diluted)
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APLE
APLE
GHG
GHG
Q1 26
$337.7M
Q4 25
$326.4M
Q3 25
$373.9M
Q2 25
$384.4M
Q1 25
$327.7M
Q4 24
$333.0M
Q3 24
$378.8M
$286.9M
Q2 24
$390.1M
Net Profit
APLE
APLE
GHG
GHG
Q1 26
$27.7M
Q4 25
$29.6M
Q3 25
$50.9M
Q2 25
$63.6M
Q1 25
$31.2M
Q4 24
$29.8M
Q3 24
$56.3M
Q2 24
$73.9M
Gross Margin
APLE
APLE
GHG
GHG
Q1 26
Q4 25
37.2%
Q3 25
40.6%
Q2 25
42.6%
Q1 25
39.0%
Q4 24
38.6%
Q3 24
41.9%
Q2 24
44.6%
Operating Margin
APLE
APLE
GHG
GHG
Q1 26
14.2%
Q4 25
15.2%
Q3 25
19.4%
Q2 25
22.1%
Q1 25
15.5%
Q4 24
15.0%
Q3 24
20.5%
Q2 24
24.0%
Net Margin
APLE
APLE
GHG
GHG
Q1 26
8.2%
Q4 25
9.1%
Q3 25
13.6%
Q2 25
16.6%
Q1 25
9.5%
Q4 24
9.0%
Q3 24
14.9%
Q2 24
19.0%
EPS (diluted)
APLE
APLE
GHG
GHG
Q1 26
$0.12
Q4 25
$0.13
Q3 25
$0.21
Q2 25
$0.27
Q1 25
$0.13
Q4 24
$0.13
Q3 24
$0.23
Q2 24
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLE
APLE
GHG
GHG
Cash + ST InvestmentsLiquidity on hand
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
Total Assets
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLE
APLE
GHG
GHG
Q1 26
$7.8M
Q4 25
$8.5M
Q3 25
$50.3M
Q2 25
$7.9M
Q1 25
$14.9M
Q4 24
$10.3M
Q3 24
$6.1M
Q2 24
$7.2M
Total Debt
APLE
APLE
GHG
GHG
Q1 26
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Stockholders' Equity
APLE
APLE
GHG
GHG
Q1 26
$3.1B
Q4 25
$3.1B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.3B
Total Assets
APLE
APLE
GHG
GHG
Q1 26
$4.9B
Q4 25
$4.9B
Q3 25
$4.9B
Q2 25
$4.9B
Q1 25
$4.9B
Q4 24
$5.0B
Q3 24
$5.0B
Q2 24
$5.1B
Debt / Equity
APLE
APLE
GHG
GHG
Q1 26
Q4 25
0.49×
Q3 25
0.47×
Q2 25
0.48×
Q1 25
0.48×
Q4 24
0.45×
Q3 24
0.46×
Q2 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APLE
APLE
GHG
GHG
Operating Cash FlowLast quarter
$20.3M
Free Cash FlowOCF − Capex
$16.2M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLE
APLE
GHG
GHG
Q1 26
Q4 25
$370.2M
Q3 25
$126.4M
Q2 25
$108.8M
Q1 25
$49.1M
Q4 24
$405.4M
Q3 24
$128.2M
$20.3M
Q2 24
$127.3M
Free Cash Flow
APLE
APLE
GHG
GHG
Q1 26
Q4 25
$282.0M
Q3 25
$109.0M
Q2 25
$96.2M
Q1 25
$29.5M
Q4 24
$327.1M
Q3 24
$113.1M
$16.2M
Q2 24
$115.0M
FCF Margin
APLE
APLE
GHG
GHG
Q1 26
Q4 25
86.4%
Q3 25
29.2%
Q2 25
25.0%
Q1 25
9.0%
Q4 24
98.2%
Q3 24
29.9%
5.6%
Q2 24
29.5%
Capex Intensity
APLE
APLE
GHG
GHG
Q1 26
Q4 25
27.0%
Q3 25
4.7%
Q2 25
3.3%
Q1 25
6.0%
Q4 24
23.5%
Q3 24
4.0%
1.4%
Q2 24
3.2%
Cash Conversion
APLE
APLE
GHG
GHG
Q1 26
Q4 25
12.50×
Q3 25
2.49×
Q2 25
1.71×
Q1 25
1.57×
Q4 24
13.59×
Q3 24
2.28×
Q2 24
1.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLE
APLE

Comparable Hotels Total Revenue$336.9M100%
RevPAR (Comparable Hotels)$114.6K0%

GHG
GHG

Segment breakdown not available.

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