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Side-by-side financial comparison of CrossAmerica Partners LP (CAPL) and Ryman Hospitality Properties, Inc. (RHP). Click either name above to swap in a different company.

CrossAmerica Partners LP is the larger business by last-quarter revenue ($866.3M vs $737.8M, roughly 1.2× Ryman Hospitality Properties, Inc.). Ryman Hospitality Properties, Inc. runs the higher net margin — 10.1% vs 1.2%, a 8.9% gap on every dollar of revenue. On growth, Ryman Hospitality Properties, Inc. posted the faster year-over-year revenue change (13.9% vs -8.3%). Ryman Hospitality Properties, Inc. produced more free cash flow last quarter ($58.5M vs $22.4M). Over the past eight quarters, Ryman Hospitality Properties, Inc.'s revenue compounded faster (18.2% CAGR vs -4.1%).

TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $25+ billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 110 investments on its website as of 2025.

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...

CAPL vs RHP — Head-to-Head

Bigger by revenue
CAPL
CAPL
1.2× larger
CAPL
$866.3M
$737.8M
RHP
Growing faster (revenue YoY)
RHP
RHP
+22.2% gap
RHP
13.9%
-8.3%
CAPL
Higher net margin
RHP
RHP
8.9% more per $
RHP
10.1%
1.2%
CAPL
More free cash flow
RHP
RHP
$36.2M more FCF
RHP
$58.5M
$22.4M
CAPL
Faster 2-yr revenue CAGR
RHP
RHP
Annualised
RHP
18.2%
-4.1%
CAPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CAPL
CAPL
RHP
RHP
Revenue
$866.3M
$737.8M
Net Profit
$10.2M
$74.5M
Gross Margin
12.4%
41.4%
Operating Margin
3.0%
19.4%
Net Margin
1.2%
10.1%
Revenue YoY
-8.3%
13.9%
Net Profit YoY
-39.6%
3.0%
EPS (diluted)
$0.24
$1.12

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
CAPL
CAPL
RHP
RHP
Q4 25
$866.3M
$737.8M
Q3 25
$971.8M
$592.5M
Q2 25
$961.9M
$659.5M
Q1 25
$862.5M
$587.3M
Q4 24
$944.2M
$647.6M
Q3 24
$1.1B
$550.0M
Q2 24
$1.1B
$613.3M
Q1 24
$941.5M
$528.3M
Net Profit
CAPL
CAPL
RHP
RHP
Q4 25
$10.2M
$74.5M
Q3 25
$13.6M
$34.9M
Q2 25
$25.2M
$71.8M
Q1 25
$-7.1M
$63.0M
Q4 24
$16.9M
$72.3M
Q3 24
$10.7M
$59.0M
Q2 24
$12.4M
$100.8M
Q1 24
$-17.5M
$42.8M
Gross Margin
CAPL
CAPL
RHP
RHP
Q4 25
12.4%
41.4%
Q3 25
10.8%
40.9%
Q2 25
10.5%
49.7%
Q1 25
10.4%
44.4%
Q4 24
10.7%
40.4%
Q3 24
10.3%
43.1%
Q2 24
9.2%
48.4%
Q1 24
8.6%
41.5%
Operating Margin
CAPL
CAPL
RHP
RHP
Q4 25
3.0%
19.4%
Q3 25
2.9%
15.0%
Q2 25
4.3%
21.1%
Q1 25
0.2%
19.8%
Q4 24
3.0%
18.6%
Q3 24
2.5%
19.3%
Q2 24
2.5%
27.4%
Q1 24
-1.4%
18.2%
Net Margin
CAPL
CAPL
RHP
RHP
Q4 25
1.2%
10.1%
Q3 25
1.4%
5.9%
Q2 25
2.6%
10.9%
Q1 25
-0.8%
10.7%
Q4 24
1.8%
11.2%
Q3 24
1.0%
10.7%
Q2 24
1.1%
16.4%
Q1 24
-1.9%
8.1%
EPS (diluted)
CAPL
CAPL
RHP
RHP
Q4 25
$0.24
$1.12
Q3 25
$0.34
$0.53
Q2 25
$0.64
$1.12
Q1 25
$-0.20
$1.00
Q4 24
$0.42
$1.12
Q3 24
$0.27
$0.94
Q2 24
$0.31
$1.65
Q1 24
$-0.48
$0.67

Balance Sheet & Financial Strength

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

Metric
CAPL
CAPL
RHP
RHP
Cash + ST InvestmentsLiquidity on hand
$3.1M
$471.4M
Total DebtLower is stronger
$687.2M
Stockholders' EquityBook value
$750.2M
Total Assets
$964.7M
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPL
CAPL
RHP
RHP
Q4 25
$3.1M
$471.4M
Q3 25
$5.8M
$483.3M
Q2 25
$9.7M
$420.6M
Q1 25
$6.7M
$413.9M
Q4 24
$3.4M
$477.7M
Q3 24
$7.8M
$534.9M
Q2 24
$5.5M
$498.4M
Q1 24
$6.3M
$465.3M
Total Debt
CAPL
CAPL
RHP
RHP
Q4 25
$687.2M
Q3 25
$700.8M
Q2 25
$722.7M
Q1 25
$774.1M
Q4 24
$763.9M
Q3 24
$769.2M
Q2 24
$786.7M
Q1 24
$795.8M
Stockholders' Equity
CAPL
CAPL
RHP
RHP
Q4 25
$750.2M
Q3 25
$758.5M
Q2 25
$800.4M
Q1 25
$531.5M
Q4 24
$549.0M
Q3 24
$551.9M
Q2 24
$562.6M
Q1 24
$529.9M
Total Assets
CAPL
CAPL
RHP
RHP
Q4 25
$964.7M
$6.2B
Q3 25
$998.9M
$6.2B
Q2 25
$1.0B
$6.1B
Q1 25
$1.1B
$5.2B
Q4 24
$1.1B
$5.2B
Q3 24
$1.1B
$5.2B
Q2 24
$1.2B
$5.1B
Q1 24
$1.2B
$5.1B

Cash Flow & Capital Efficiency

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

Metric
CAPL
CAPL
RHP
RHP
Operating Cash FlowLast quarter
$29.4M
$164.7M
Free Cash FlowOCF − Capex
$22.4M
$58.5M
FCF MarginFCF / Revenue
2.6%
7.9%
Capex IntensityCapex / Revenue
0.8%
14.4%
Cash ConversionOCF / Net Profit
2.89×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$55.8M
$232.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPL
CAPL
RHP
RHP
Q4 25
$29.4M
$164.7M
Q3 25
$24.4M
$205.2M
Q2 25
$22.6M
$122.5M
Q1 25
$15.0M
$98.2M
Q4 24
$11.1M
$166.6M
Q3 24
$41.9M
$218.1M
Q2 24
$28.9M
$184.3M
Q1 24
$5.8M
$7.5M
Free Cash Flow
CAPL
CAPL
RHP
RHP
Q4 25
$22.4M
$58.5M
Q3 25
$17.7M
$135.4M
Q2 25
$10.8M
$53.0M
Q1 25
$4.9M
$-14.5M
Q4 24
$3.9M
$76.0M
Q3 24
$34.2M
$85.7M
Q2 24
$23.6M
$78.8M
Q1 24
$-289.0K
$-72.0M
FCF Margin
CAPL
CAPL
RHP
RHP
Q4 25
2.6%
7.9%
Q3 25
1.8%
22.9%
Q2 25
1.1%
8.0%
Q1 25
0.6%
-2.5%
Q4 24
0.4%
11.7%
Q3 24
3.2%
15.6%
Q2 24
2.1%
12.9%
Q1 24
-0.0%
-13.6%
Capex Intensity
CAPL
CAPL
RHP
RHP
Q4 25
0.8%
14.4%
Q3 25
0.7%
11.8%
Q2 25
1.2%
10.5%
Q1 25
1.2%
19.2%
Q4 24
0.8%
14.0%
Q3 24
0.7%
24.1%
Q2 24
0.5%
17.2%
Q1 24
0.6%
15.0%
Cash Conversion
CAPL
CAPL
RHP
RHP
Q4 25
2.89×
2.21×
Q3 25
1.79×
5.88×
Q2 25
0.90×
1.71×
Q1 25
1.56×
Q4 24
0.66×
2.30×
Q3 24
3.92×
3.70×
Q2 24
2.33×
1.83×
Q1 24
0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAPL
CAPL

Retail Segment$505.3M58%
Wholesale$360.9M42%
Other$1.2M0%

RHP
RHP

Hotel Other$157.7M21%
Gaylord Opryland$147.4M20%
Hotel Transient Rooms$93.6M13%
Hotel Food And Beverage Outlets$92.2M12%
Gaylord Palms$88.2M12%
Jw Marriott Hill Country$53.7M7%
Entertainment Admissions And Ticketing$43.1M6%
Entertainment Food And Beverage$38.1M5%
Entertainment Retail And Other$28.3M4%
Ac Hotel$2.4M0%

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