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Side-by-side financial comparison of GreenTree Hospitality Group Ltd. (GHG) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $286.9M, roughly 1.2× GreenTree Hospitality Group Ltd.). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($136.0M vs $16.2M).

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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

GHG vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.2× larger
WH
$334.0M
$286.9M
GHG
More free cash flow
WH
WH
$119.8M more FCF
WH
$136.0M
$16.2M
GHG

Income Statement — Q3 2024 vs Q4 2025

Metric
GHG
GHG
WH
WH
Revenue
$286.9M
$334.0M
Net Profit
$-60.0M
Gross Margin
Operating Margin
-11.4%
Net Margin
-18.0%
Revenue YoY
-0.6%
Net Profit YoY
-170.6%
EPS (diluted)
$-0.77

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
WH
WH
Q4 25
$334.0M
Q3 25
$382.0M
Q2 25
$397.0M
Q1 25
$316.0M
Q4 24
$336.0M
Q3 24
$286.9M
$396.0M
Q2 24
$367.0M
Q1 24
$305.0M
Net Profit
GHG
GHG
WH
WH
Q4 25
$-60.0M
Q3 25
$105.0M
Q2 25
$87.0M
Q1 25
$61.0M
Q4 24
$85.0M
Q3 24
$102.0M
Q2 24
$86.0M
Q1 24
$16.0M
Operating Margin
GHG
GHG
WH
WH
Q4 25
-11.4%
Q3 25
46.6%
Q2 25
37.8%
Q1 25
35.4%
Q4 24
38.4%
Q3 24
43.2%
Q2 24
39.5%
Q1 24
16.4%
Net Margin
GHG
GHG
WH
WH
Q4 25
-18.0%
Q3 25
27.5%
Q2 25
21.9%
Q1 25
19.3%
Q4 24
25.3%
Q3 24
25.8%
Q2 24
23.4%
Q1 24
5.2%
EPS (diluted)
GHG
GHG
WH
WH
Q4 25
$-0.77
Q3 25
$1.36
Q2 25
$1.13
Q1 25
$0.78
Q4 24
$1.06
Q3 24
$1.29
Q2 24
$1.07
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
GHG
GHG
WH
WH
Cash + ST InvestmentsLiquidity on hand
$64.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$468.0M
Total Assets
$4.2B
Debt / EquityLower = less leverage
5.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHG
GHG
WH
WH
Q4 25
$64.0M
Q3 25
$70.0M
Q2 25
$50.0M
Q1 25
$48.0M
Q4 24
$103.0M
Q3 24
$72.0M
Q2 24
$70.0M
Q1 24
$50.0M
Total Debt
GHG
GHG
WH
WH
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.2B
Stockholders' Equity
GHG
GHG
WH
WH
Q4 25
$468.0M
Q3 25
$583.0M
Q2 25
$570.0M
Q1 25
$579.0M
Q4 24
$650.0M
Q3 24
$583.0M
Q2 24
$623.0M
Q1 24
$674.0M
Total Assets
GHG
GHG
WH
WH
Q4 25
$4.2B
Q3 25
$4.3B
Q2 25
$4.3B
Q1 25
$4.2B
Q4 24
$4.2B
Q3 24
$4.2B
Q2 24
$4.2B
Q1 24
$4.1B
Debt / Equity
GHG
GHG
WH
WH
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×
Q1 24
3.27×

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
WH
WH
Operating Cash FlowLast quarter
$20.3M
$152.0M
Free Cash FlowOCF − Capex
$16.2M
$136.0M
FCF MarginFCF / Revenue
5.6%
40.7%
Capex IntensityCapex / Revenue
1.4%
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$321.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHG
GHG
WH
WH
Q4 25
$152.0M
Q3 25
$86.0M
Q2 25
$70.0M
Q1 25
$59.0M
Q4 24
$134.0M
Q3 24
$20.3M
$79.0M
Q2 24
$1.0M
Q1 24
$76.0M
Free Cash Flow
GHG
GHG
WH
WH
Q4 25
$136.0M
Q3 25
$75.0M
Q2 25
$58.0M
Q1 25
$52.0M
Q4 24
$109.0M
Q3 24
$16.2M
$71.0M
Q2 24
$-6.0M
Q1 24
$67.0M
FCF Margin
GHG
GHG
WH
WH
Q4 25
40.7%
Q3 25
19.6%
Q2 25
14.6%
Q1 25
16.5%
Q4 24
32.4%
Q3 24
5.6%
17.9%
Q2 24
-1.6%
Q1 24
22.0%
Capex Intensity
GHG
GHG
WH
WH
Q4 25
4.8%
Q3 25
2.9%
Q2 25
3.0%
Q1 25
2.2%
Q4 24
7.4%
Q3 24
1.4%
2.0%
Q2 24
1.9%
Q1 24
3.0%
Cash Conversion
GHG
GHG
WH
WH
Q4 25
Q3 25
0.82×
Q2 25
0.80×
Q1 25
0.97×
Q4 24
1.58×
Q3 24
0.77×
Q2 24
0.01×
Q1 24
4.75×

Financial Flow Comparison

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

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