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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and Ryman Hospitality Properties, Inc. (RHP). Click either name above to swap in a different company.

Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $737.8M, roughly 1.4× Ryman Hospitality Properties, Inc.). Ryman Hospitality Properties, Inc. runs the higher net margin — 10.1% vs 1.6%, a 8.5% gap on every dollar of revenue. On growth, Ryman Hospitality Properties, Inc. posted the faster year-over-year revenue change (13.9% vs 11.4%). Over the past eight quarters, Ryman Hospitality Properties, Inc.'s revenue compounded faster (18.2% CAGR vs 5.3%).

Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.

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...

CHEF vs RHP — Head-to-Head

Bigger by revenue
CHEF
CHEF
1.4× larger
CHEF
$1.1B
$737.8M
RHP
Growing faster (revenue YoY)
RHP
RHP
+2.5% gap
RHP
13.9%
11.4%
CHEF
Higher net margin
RHP
RHP
8.5% more per $
RHP
10.1%
1.6%
CHEF
Faster 2-yr revenue CAGR
RHP
RHP
Annualised
RHP
18.2%
5.3%
CHEF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CHEF
CHEF
RHP
RHP
Revenue
$1.1B
$737.8M
Net Profit
$17.4M
$74.5M
Gross Margin
24.3%
41.4%
Operating Margin
3.1%
19.4%
Net Margin
1.6%
10.1%
Revenue YoY
11.4%
13.9%
Net Profit YoY
68.8%
3.0%
EPS (diluted)
$0.40
$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
CHEF
CHEF
RHP
RHP
Q1 26
$1.1B
Q4 25
$1.1B
$737.8M
Q3 25
$1.0B
$592.5M
Q2 25
$1.0B
$659.5M
Q1 25
$950.7M
$587.3M
Q4 24
$1.0B
$647.6M
Q3 24
$931.5M
$550.0M
Q2 24
$954.7M
$613.3M
Net Profit
CHEF
CHEF
RHP
RHP
Q1 26
$17.4M
Q4 25
$21.7M
$74.5M
Q3 25
$19.1M
$34.9M
Q2 25
$21.2M
$71.8M
Q1 25
$10.3M
$63.0M
Q4 24
$23.9M
$72.3M
Q3 24
$14.1M
$59.0M
Q2 24
$15.5M
$100.8M
Gross Margin
CHEF
CHEF
RHP
RHP
Q1 26
24.3%
Q4 25
24.2%
41.4%
Q3 25
24.2%
40.9%
Q2 25
24.6%
49.7%
Q1 25
23.8%
44.4%
Q4 24
24.3%
40.4%
Q3 24
24.1%
43.1%
Q2 24
24.0%
48.4%
Operating Margin
CHEF
CHEF
RHP
RHP
Q1 26
3.1%
Q4 25
3.8%
19.4%
Q3 25
3.8%
15.0%
Q2 25
3.9%
21.1%
Q1 25
2.4%
19.8%
Q4 24
4.5%
18.6%
Q3 24
3.4%
19.3%
Q2 24
3.5%
27.4%
Net Margin
CHEF
CHEF
RHP
RHP
Q1 26
1.6%
Q4 25
1.9%
10.1%
Q3 25
1.9%
5.9%
Q2 25
2.1%
10.9%
Q1 25
1.1%
10.7%
Q4 24
2.3%
11.2%
Q3 24
1.5%
10.7%
Q2 24
1.6%
16.4%
EPS (diluted)
CHEF
CHEF
RHP
RHP
Q1 26
$0.40
Q4 25
$0.50
$1.12
Q3 25
$0.44
$0.53
Q2 25
$0.49
$1.12
Q1 25
$0.25
$1.00
Q4 24
$0.56
$1.12
Q3 24
$0.34
$0.94
Q2 24
$0.37
$1.65

Balance Sheet & Financial Strength

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

Metric
CHEF
CHEF
RHP
RHP
Cash + ST InvestmentsLiquidity on hand
$122.7M
$471.4M
Total DebtLower is stronger
$750.4M
Stockholders' EquityBook value
$608.6M
$750.2M
Total Assets
$2.0B
$6.2B
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHEF
CHEF
RHP
RHP
Q1 26
$122.7M
Q4 25
$121.0M
$471.4M
Q3 25
$65.1M
$483.3M
Q2 25
$96.9M
$420.6M
Q1 25
$116.5M
$413.9M
Q4 24
$114.7M
$477.7M
Q3 24
$50.7M
$534.9M
Q2 24
$38.3M
$498.4M
Total Debt
CHEF
CHEF
RHP
RHP
Q1 26
$750.4M
Q4 25
$720.3M
Q3 25
$711.7M
Q2 25
$690.2M
Q1 25
$681.1M
Q4 24
$688.7M
Q3 24
$666.6M
Q2 24
$660.8M
Stockholders' Equity
CHEF
CHEF
RHP
RHP
Q1 26
$608.6M
Q4 25
$604.3M
$750.2M
Q3 25
$576.6M
$758.5M
Q2 25
$557.7M
$800.4M
Q1 25
$541.6M
$531.5M
Q4 24
$537.6M
$549.0M
Q3 24
$480.3M
$551.9M
Q2 24
$461.9M
$562.6M
Total Assets
CHEF
CHEF
RHP
RHP
Q1 26
$2.0B
Q4 25
$2.0B
$6.2B
Q3 25
$1.9B
$6.2B
Q2 25
$1.9B
$6.1B
Q1 25
$1.8B
$5.2B
Q4 24
$1.9B
$5.2B
Q3 24
$1.8B
$5.2B
Q2 24
$1.7B
$5.1B
Debt / Equity
CHEF
CHEF
RHP
RHP
Q1 26
1.23×
Q4 25
1.19×
Q3 25
1.23×
Q2 25
1.24×
Q1 25
1.26×
Q4 24
1.28×
Q3 24
1.39×
Q2 24
1.43×

Cash Flow & Capital Efficiency

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

Metric
CHEF
CHEF
RHP
RHP
Operating Cash FlowLast quarter
$38.3M
$164.7M
Free Cash FlowOCF − Capex
$58.5M
FCF MarginFCF / Revenue
7.9%
Capex IntensityCapex / Revenue
0.7%
14.4%
Cash ConversionOCF / Net Profit
2.20×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$232.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHEF
CHEF
RHP
RHP
Q1 26
$38.3M
Q4 25
$73.9M
$164.7M
Q3 25
$-8.7M
$205.2M
Q2 25
$14.5M
$122.5M
Q1 25
$49.6M
$98.2M
Q4 24
$73.0M
$166.6M
Q3 24
$19.8M
$218.1M
Q2 24
$29.3M
$184.3M
Free Cash Flow
CHEF
CHEF
RHP
RHP
Q1 26
Q4 25
$65.8M
$58.5M
Q3 25
$-19.7M
$135.4M
Q2 25
$4.5M
$53.0M
Q1 25
$37.2M
$-14.5M
Q4 24
$64.6M
$76.0M
Q3 24
$11.8M
$85.7M
Q2 24
$13.3M
$78.8M
FCF Margin
CHEF
CHEF
RHP
RHP
Q1 26
Q4 25
5.8%
7.9%
Q3 25
-1.9%
22.9%
Q2 25
0.4%
8.0%
Q1 25
3.9%
-2.5%
Q4 24
6.3%
11.7%
Q3 24
1.3%
15.6%
Q2 24
1.4%
12.9%
Capex Intensity
CHEF
CHEF
RHP
RHP
Q1 26
0.7%
Q4 25
0.7%
14.4%
Q3 25
1.1%
11.8%
Q2 25
1.0%
10.5%
Q1 25
1.3%
19.2%
Q4 24
0.8%
14.0%
Q3 24
0.9%
24.1%
Q2 24
1.7%
17.2%
Cash Conversion
CHEF
CHEF
RHP
RHP
Q1 26
2.20×
Q4 25
3.41×
2.21×
Q3 25
-0.46×
5.88×
Q2 25
0.68×
1.71×
Q1 25
4.82×
1.56×
Q4 24
3.05×
2.30×
Q3 24
1.41×
3.70×
Q2 24
1.89×
1.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHEF
CHEF

Segment breakdown not available.

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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