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Side-by-side financial comparison of Apple Hospitality REIT, Inc. (APLE) and MACH NATURAL RESOURCES LP (MNR). Click either name above to swap in a different company.

MACH NATURAL RESOURCES LP is the larger business by last-quarter revenue ($387.5M vs $337.7M, roughly 1.1× Apple Hospitality REIT, Inc.). MACH NATURAL RESOURCES LP runs the higher net margin — 18.9% vs 8.2%, a 10.7% gap on every dollar of revenue. On growth, MACH NATURAL RESOURCES LP posted the faster year-over-year revenue change (65.0% vs 3.1%). Over the past eight quarters, MACH NATURAL RESOURCES LP's revenue compounded faster (27.3% CAGR vs -6.9%).

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...

Mach Natural Resources LP is a US-based upstream energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. Its core operations are located in onshore US hydrocarbon basins including the Permian Basin, prioritizing low-cost, high-yield assets to drive sustainable returns for stakeholders.

APLE vs MNR — Head-to-Head

Bigger by revenue
MNR
MNR
1.1× larger
MNR
$387.5M
$337.7M
APLE
Growing faster (revenue YoY)
MNR
MNR
+61.9% gap
MNR
65.0%
3.1%
APLE
Higher net margin
MNR
MNR
10.7% more per $
MNR
18.9%
8.2%
APLE
Faster 2-yr revenue CAGR
MNR
MNR
Annualised
MNR
27.3%
-6.9%
APLE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
APLE
APLE
MNR
MNR
Revenue
$337.7M
$387.5M
Net Profit
$27.7M
$73.1M
Gross Margin
Operating Margin
14.2%
26.1%
Net Margin
8.2%
18.9%
Revenue YoY
3.1%
65.0%
Net Profit YoY
12.7%
100.2%
EPS (diluted)
$0.12
$0.47

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
MNR
MNR
Q1 26
$337.7M
Q4 25
$326.4M
$387.5M
Q3 25
$373.9M
$272.6M
Q2 25
$384.4M
$288.5M
Q1 25
$327.7M
$226.8M
Q4 24
$333.0M
$234.9M
Q3 24
$378.8M
$255.5M
Q2 24
$390.1M
$240.0M
Net Profit
APLE
APLE
MNR
MNR
Q1 26
$27.7M
Q4 25
$29.6M
$73.1M
Q3 25
$50.9M
$-35.7M
Q2 25
$63.6M
$89.7M
Q1 25
$31.2M
$15.9M
Q4 24
$29.8M
$36.5M
Q3 24
$56.3M
$67.4M
Q2 24
$73.9M
$39.5M
Gross Margin
APLE
APLE
MNR
MNR
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
MNR
MNR
Q1 26
14.2%
Q4 25
15.2%
26.1%
Q3 25
19.4%
-7.0%
Q2 25
22.1%
38.6%
Q1 25
15.5%
22.8%
Q4 24
15.0%
24.9%
Q3 24
20.5%
37.1%
Q2 24
24.0%
29.4%
Net Margin
APLE
APLE
MNR
MNR
Q1 26
8.2%
Q4 25
9.1%
18.9%
Q3 25
13.6%
-13.1%
Q2 25
16.6%
31.1%
Q1 25
9.5%
7.0%
Q4 24
9.0%
15.5%
Q3 24
14.9%
26.4%
Q2 24
19.0%
16.5%
EPS (diluted)
APLE
APLE
MNR
MNR
Q1 26
$0.12
Q4 25
$0.13
$0.47
Q3 25
$0.21
$-0.28
Q2 25
$0.27
$0.76
Q1 25
$0.13
$0.14
Q4 24
$0.13
$0.34
Q3 24
$0.23
$0.70
Q2 24
$0.31
$0.42

Balance Sheet & Financial Strength

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

Metric
APLE
APLE
MNR
MNR
Cash + ST InvestmentsLiquidity on hand
$7.8M
$42.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
Total Assets
$4.9B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLE
APLE
MNR
MNR
Q1 26
$7.8M
Q4 25
$8.5M
$42.6M
Q3 25
$50.3M
$53.6M
Q2 25
$7.9M
$13.8M
Q1 25
$14.9M
$7.8M
Q4 24
$10.3M
$105.8M
Q3 24
$6.1M
$184.5M
Q2 24
$7.2M
$144.6M
Total Debt
APLE
APLE
MNR
MNR
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
MNR
MNR
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
MNR
MNR
Q1 26
$4.9B
Q4 25
$4.9B
$3.8B
Q3 25
$4.9B
$3.8B
Q2 25
$4.9B
$2.3B
Q1 25
$4.9B
$2.2B
Q4 24
$5.0B
$2.3B
Q3 24
$5.0B
$2.3B
Q2 24
$5.1B
$2.2B
Debt / Equity
APLE
APLE
MNR
MNR
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
MNR
MNR
Operating Cash FlowLast quarter
$128.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLE
APLE
MNR
MNR
Q1 26
Q4 25
$370.2M
$128.7M
Q3 25
$126.4M
$105.5M
Q2 25
$108.8M
$130.1M
Q1 25
$49.1M
$142.5M
Q4 24
$405.4M
$133.7M
Q3 24
$128.2M
$110.8M
Q2 24
$127.3M
$116.8M
Free Cash Flow
APLE
APLE
MNR
MNR
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
Q2 24
$115.0M
FCF Margin
APLE
APLE
MNR
MNR
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%
Q2 24
29.5%
Capex Intensity
APLE
APLE
MNR
MNR
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%
Q2 24
3.2%
Cash Conversion
APLE
APLE
MNR
MNR
Q1 26
Q4 25
12.50×
1.76×
Q3 25
2.49×
Q2 25
1.71×
1.45×
Q1 25
1.57×
8.97×
Q4 24
13.59×
3.66×
Q3 24
2.28×
1.64×
Q2 24
1.72×
2.96×

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%

MNR
MNR

Oil Gas And Natural Gas Liquids Net$331.0M85%
Natural Gas Liquids Reserves$44.8M12%
Natural Gas Midstream$8.6M2%
Products$6.3M2%

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