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Side-by-side financial comparison of GreenTree Hospitality Group Ltd. (GHG) and RAYONIER ADVANCED MATERIALS INC. (RYAM). Click either name above to swap in a different company.

RAYONIER ADVANCED MATERIALS INC. is the larger business by last-quarter revenue ($417.5M vs $286.9M, roughly 1.5× GreenTree Hospitality Group Ltd.).

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.

Rayonier Advanced Materials recently rebranded as RYAM. RYAM is an American company recognized globally for its cellulose-based technologies. Specializing in high-purity cellulose specialties, RYAM produces natural polymers extensively used in manufacturing filters, food, pharmaceuticals, and various industrial applications. Additionally, the company produces products for the paper and packaging industries. The company is publicly traded on the New York Stock Exchange under the ticker symbol ...

GHG vs RYAM — Head-to-Head

Bigger by revenue
RYAM
RYAM
1.5× larger
RYAM
$417.5M
$286.9M
GHG

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
GHG
GHG
RYAM
RYAM
Revenue
$286.9M
$417.5M
Net Profit
$-21.1M
Gross Margin
8.9%
Operating Margin
2.6%
Net Margin
-5.0%
Revenue YoY
-1.2%
Net Profit YoY
-31.9%
EPS (diluted)
$-0.33

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
GHG
GHG
RYAM
RYAM
Q4 25
$417.5M
Q3 25
$352.8M
Q2 25
$340.0M
Q1 25
$356.0M
Q4 24
$422.5M
Q3 24
$286.9M
$401.1M
Q2 24
$419.0M
Q1 24
$387.7M
Net Profit
GHG
GHG
RYAM
RYAM
Q4 25
$-21.1M
Q3 25
$-4.5M
Q2 25
$-363.2M
Q1 25
$-32.0M
Q4 24
$-16.0M
Q3 24
$-32.6M
Q2 24
$11.4M
Q1 24
$-1.6M
Gross Margin
GHG
GHG
RYAM
RYAM
Q4 25
8.9%
Q3 25
9.7%
Q2 25
7.0%
Q1 25
6.8%
Q4 24
8.7%
Q3 24
10.9%
Q2 24
11.5%
Q1 24
9.5%
Operating Margin
GHG
GHG
RYAM
RYAM
Q4 25
2.6%
Q3 25
2.8%
Q2 25
-0.4%
Q1 25
-4.2%
Q4 24
2.6%
Q3 24
-4.2%
Q2 24
6.7%
Q1 24
4.4%
Net Margin
GHG
GHG
RYAM
RYAM
Q4 25
-5.0%
Q3 25
-1.3%
Q2 25
-106.8%
Q1 25
-9.0%
Q4 24
-3.8%
Q3 24
-8.1%
Q2 24
2.7%
Q1 24
-0.4%
EPS (diluted)
GHG
GHG
RYAM
RYAM
Q4 25
$-0.33
Q3 25
$-0.07
Q2 25
$-5.44
Q1 25
$-0.49
Q4 24
$-0.25
Q3 24
$-0.49
Q2 24
$0.17
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
GHG
GHG
RYAM
RYAM
Cash + ST InvestmentsLiquidity on hand
$75.4M
Total DebtLower is stronger
$758.1M
Stockholders' EquityBook value
$316.6M
Total Assets
$1.8B
Debt / EquityLower = less leverage
2.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHG
GHG
RYAM
RYAM
Q4 25
$75.4M
Q3 25
$77.0M
Q2 25
$70.7M
Q1 25
$129.9M
Q4 24
$125.2M
Q3 24
$136.1M
Q2 24
$114.1M
Q1 24
$54.6M
Total Debt
GHG
GHG
RYAM
RYAM
Q4 25
$758.1M
Q3 25
$763.5M
Q2 25
$720.4M
Q1 25
$707.0M
Q4 24
$706.4M
Q3 24
$747.7M
Q2 24
$752.8M
Q1 24
$755.6M
Stockholders' Equity
GHG
GHG
RYAM
RYAM
Q4 25
$316.6M
Q3 25
$338.2M
Q2 25
$342.3M
Q1 25
$688.1M
Q4 24
$713.9M
Q3 24
$732.7M
Q2 24
$755.1M
Q1 24
$741.8M
Total Assets
GHG
GHG
RYAM
RYAM
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.1B
Debt / Equity
GHG
GHG
RYAM
RYAM
Q4 25
2.39×
Q3 25
2.26×
Q2 25
2.10×
Q1 25
1.03×
Q4 24
0.99×
Q3 24
1.02×
Q2 24
1.00×
Q1 24
1.02×

Cash Flow & Capital Efficiency

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

Metric
GHG
GHG
RYAM
RYAM
Operating Cash FlowLast quarter
$20.3M
$32.3M
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
GHG
GHG
RYAM
RYAM
Q4 25
$32.3M
Q3 25
$-17.8M
Q2 25
$-30.2M
Q1 25
$39.6M
Q4 24
$54.9M
Q3 24
$20.3M
$49.8M
Q2 24
$87.6M
Q1 24
$11.3M
Free Cash Flow
GHG
GHG
RYAM
RYAM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$16.2M
Q2 24
Q1 24
FCF Margin
GHG
GHG
RYAM
RYAM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.6%
Q2 24
Q1 24
Capex Intensity
GHG
GHG
RYAM
RYAM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.4%
Q2 24
Q1 24
Cash Conversion
GHG
GHG
RYAM
RYAM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
7.69×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GHG
GHG

Segment breakdown not available.

RYAM
RYAM

Cellulose Specialties$249.6M60%
Other$86.2M21%
Paperboard$44.2M11%
High Yield Pulp$28.3M7%
Biomaterials$9.2M2%

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