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

GreenTree Hospitality Group Ltd. is the larger business by last-quarter revenue ($286.9M vs $151.7M, roughly 1.9× Tarsus Pharmaceuticals, Inc.). GreenTree Hospitality Group Ltd. produced more free cash flow last quarter ($16.2M vs $13.0M).

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.

Tarsus Pharmaceuticals, Inc. is a late-stage clinical biopharmaceutical company focused on developing and commercializing innovative therapeutic candidates for unmet medical needs in ophthalmology, dermatology, and other specialty care areas. It operates primarily in the United States, with lead product candidates targeting common, underdiagnosed conditions including demodex blepharitis and rosacea.

GHG vs TARS — Head-to-Head

Bigger by revenue
GHG
GHG
1.9× larger
GHG
$286.9M
$151.7M
TARS
More free cash flow
GHG
GHG
$3.2M more FCF
GHG
$16.2M
$13.0M
TARS

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
GHG
GHG
TARS
TARS
Revenue
$286.9M
$151.7M
Net Profit
$-8.4M
Gross Margin
Operating Margin
-5.3%
Net Margin
-5.5%
Revenue YoY
128.4%
Net Profit YoY
63.8%
EPS (diluted)
$-0.17

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
TARS
TARS
Q4 25
$151.7M
Q3 25
$118.7M
Q2 25
$102.7M
Q1 25
$78.3M
Q4 24
$66.4M
Q3 24
$286.9M
$48.1M
Q2 24
$40.8M
Q1 24
$27.6M
Net Profit
GHG
GHG
TARS
TARS
Q4 25
$-8.4M
Q3 25
$-12.6M
Q2 25
$-20.3M
Q1 25
$-25.1M
Q4 24
$-23.1M
Q3 24
$-23.4M
Q2 24
$-33.3M
Q1 24
$-35.7M
Operating Margin
GHG
GHG
TARS
TARS
Q4 25
-5.3%
Q3 25
-12.2%
Q2 25
-21.6%
Q1 25
-33.5%
Q4 24
-36.8%
Q3 24
-52.3%
Q2 24
-81.6%
Q1 24
-136.5%
Net Margin
GHG
GHG
TARS
TARS
Q4 25
-5.5%
Q3 25
-10.6%
Q2 25
-19.8%
Q1 25
-32.1%
Q4 24
-34.8%
Q3 24
-48.7%
Q2 24
-81.6%
Q1 24
-129.4%
EPS (diluted)
GHG
GHG
TARS
TARS
Q4 25
$-0.17
Q3 25
$-0.30
Q2 25
$-0.48
Q1 25
$-0.64
Q4 24
$-0.57
Q3 24
$-0.61
Q2 24
$-0.88
Q1 24
$-1.01

Balance Sheet & Financial Strength

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

Metric
GHG
GHG
TARS
TARS
Cash + ST InvestmentsLiquidity on hand
$417.3M
Total DebtLower is stronger
$72.4M
Stockholders' EquityBook value
$343.4M
Total Assets
$562.2M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHG
GHG
TARS
TARS
Q4 25
$417.3M
Q3 25
$401.8M
Q2 25
$381.1M
Q1 25
$407.9M
Q4 24
$291.4M
Q3 24
$317.0M
Q2 24
$323.6M
Q1 24
$298.5M
Total Debt
GHG
GHG
TARS
TARS
Q4 25
$72.4M
Q3 25
$72.3M
Q2 25
$72.1M
Q1 25
$72.0M
Q4 24
$71.8M
Q3 24
$71.7M
Q2 24
$71.6M
Q1 24
$29.9M
Stockholders' Equity
GHG
GHG
TARS
TARS
Q4 25
$343.4M
Q3 25
$335.1M
Q2 25
$332.6M
Q1 25
$342.5M
Q4 24
$224.5M
Q3 24
$237.5M
Q2 24
$252.2M
Q1 24
$275.2M
Total Assets
GHG
GHG
TARS
TARS
Q4 25
$562.2M
Q3 25
$534.6M
Q2 25
$495.0M
Q1 25
$500.8M
Q4 24
$377.0M
Q3 24
$376.3M
Q2 24
$376.8M
Q1 24
$349.3M
Debt / Equity
GHG
GHG
TARS
TARS
Q4 25
0.21×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.21×
Q4 24
0.32×
Q3 24
0.30×
Q2 24
0.28×
Q1 24
0.11×

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
TARS
TARS
Operating Cash FlowLast quarter
$20.3M
$19.3M
Free Cash FlowOCF − Capex
$16.2M
$13.0M
FCF MarginFCF / Revenue
5.6%
8.6%
Capex IntensityCapex / Revenue
1.4%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHG
GHG
TARS
TARS
Q4 25
$19.3M
Q3 25
$18.3M
Q2 25
$-29.4M
Q1 25
$-20.7M
Q4 24
$-22.2M
Q3 24
$20.3M
$-8.7M
Q2 24
$-14.4M
Q1 24
$-37.8M
Free Cash Flow
GHG
GHG
TARS
TARS
Q4 25
$13.0M
Q3 25
$16.3M
Q2 25
$-30.4M
Q1 25
$-21.2M
Q4 24
$-22.3M
Q3 24
$16.2M
$-8.9M
Q2 24
$-15.4M
Q1 24
$-38.0M
FCF Margin
GHG
GHG
TARS
TARS
Q4 25
8.6%
Q3 25
13.8%
Q2 25
-29.6%
Q1 25
-27.1%
Q4 24
-33.5%
Q3 24
5.6%
-18.6%
Q2 24
-37.8%
Q1 24
-137.5%
Capex Intensity
GHG
GHG
TARS
TARS
Q4 25
4.2%
Q3 25
1.6%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.1%
Q3 24
1.4%
0.6%
Q2 24
2.5%
Q1 24
0.6%

Financial Flow Comparison

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

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