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Side-by-side financial comparison of Medpace Holdings, Inc. (MEDP) and Ryman Hospitality Properties, Inc. (RHP). Click either name above to swap in a different company.

Ryman Hospitality Properties, Inc. is the larger business by last-quarter revenue ($737.8M vs $708.5M, roughly 1.0× Medpace Holdings, Inc.). Medpace Holdings, Inc. runs the higher net margin — 19.1% vs 10.1%, a 9.0% gap on every dollar of revenue. On growth, Medpace Holdings, Inc. posted the faster year-over-year revenue change (32.0% vs 13.9%). Medpace Holdings, Inc. produced more free cash flow last quarter ($188.1M vs $58.5M). Over the past eight quarters, Ryman Hospitality Properties, Inc.'s revenue compounded faster (18.2% CAGR vs 17.7%).

Medpace Holdings, Inc. is a global clinical research organization (CRO) based in Cincinnati, Ohio, employing approximately 6,000 people. Operating under a full-service model, the company also offers global central laboratory, imaging core laboratory, and bioanalytical laboratory services, as well as a Phase I unit located on its headquarters and clinical research campus in Cincinnati, Ohio.

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...

MEDP vs RHP — Head-to-Head

Bigger by revenue
RHP
RHP
1.0× larger
RHP
$737.8M
$708.5M
MEDP
Growing faster (revenue YoY)
MEDP
MEDP
+18.1% gap
MEDP
32.0%
13.9%
RHP
Higher net margin
MEDP
MEDP
9.0% more per $
MEDP
19.1%
10.1%
RHP
More free cash flow
MEDP
MEDP
$129.6M more FCF
MEDP
$188.1M
$58.5M
RHP
Faster 2-yr revenue CAGR
RHP
RHP
Annualised
RHP
18.2%
17.7%
MEDP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEDP
MEDP
RHP
RHP
Revenue
$708.5M
$737.8M
Net Profit
$135.1M
$74.5M
Gross Margin
41.4%
Operating Margin
21.6%
19.4%
Net Margin
19.1%
10.1%
Revenue YoY
32.0%
13.9%
Net Profit YoY
15.5%
3.0%
EPS (diluted)
$4.65
$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
MEDP
MEDP
RHP
RHP
Q4 25
$708.5M
$737.8M
Q3 25
$659.9M
$592.5M
Q2 25
$603.3M
$659.5M
Q1 25
$558.6M
$587.3M
Q4 24
$536.6M
$647.6M
Q3 24
$533.3M
$550.0M
Q2 24
$528.1M
$613.3M
Q1 24
$511.0M
$528.3M
Net Profit
MEDP
MEDP
RHP
RHP
Q4 25
$135.1M
$74.5M
Q3 25
$111.1M
$34.9M
Q2 25
$90.3M
$71.8M
Q1 25
$114.6M
$63.0M
Q4 24
$117.0M
$72.3M
Q3 24
$96.4M
$59.0M
Q2 24
$88.4M
$100.8M
Q1 24
$102.6M
$42.8M
Gross Margin
MEDP
MEDP
RHP
RHP
Q4 25
41.4%
Q3 25
40.9%
Q2 25
49.7%
Q1 25
44.4%
Q4 24
40.4%
Q3 24
43.1%
Q2 24
48.4%
Q1 24
41.5%
Operating Margin
MEDP
MEDP
RHP
RHP
Q4 25
21.6%
19.4%
Q3 25
21.5%
15.0%
Q2 25
20.9%
21.1%
Q1 25
20.3%
19.8%
Q4 24
23.4%
18.6%
Q3 24
21.1%
19.3%
Q2 24
19.9%
27.4%
Q1 24
20.4%
18.2%
Net Margin
MEDP
MEDP
RHP
RHP
Q4 25
19.1%
10.1%
Q3 25
16.8%
5.9%
Q2 25
15.0%
10.9%
Q1 25
20.5%
10.7%
Q4 24
21.8%
11.2%
Q3 24
18.1%
10.7%
Q2 24
16.7%
16.4%
Q1 24
20.1%
8.1%
EPS (diluted)
MEDP
MEDP
RHP
RHP
Q4 25
$4.65
$1.12
Q3 25
$3.86
$0.53
Q2 25
$3.10
$1.12
Q1 25
$3.67
$1.00
Q4 24
$3.67
$1.12
Q3 24
$3.01
$0.94
Q2 24
$2.75
$1.65
Q1 24
$3.20
$0.67

Balance Sheet & Financial Strength

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

Metric
MEDP
MEDP
RHP
RHP
Cash + ST InvestmentsLiquidity on hand
$497.0M
$471.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$459.1M
$750.2M
Total Assets
$2.0B
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEDP
MEDP
RHP
RHP
Q4 25
$497.0M
$471.4M
Q3 25
$285.4M
$483.3M
Q2 25
$46.3M
$420.6M
Q1 25
$441.4M
$413.9M
Q4 24
$669.4M
$477.7M
Q3 24
$656.9M
$534.9M
Q2 24
$510.9M
$498.4M
Q1 24
$407.0M
$465.3M
Stockholders' Equity
MEDP
MEDP
RHP
RHP
Q4 25
$459.1M
$750.2M
Q3 25
$293.6M
$758.5M
Q2 25
$172.4M
$800.4M
Q1 25
$593.6M
$531.5M
Q4 24
$825.5M
$549.0M
Q3 24
$881.4M
$551.9M
Q2 24
$763.6M
$562.6M
Q1 24
$671.5M
$529.9M
Total Assets
MEDP
MEDP
RHP
RHP
Q4 25
$2.0B
$6.2B
Q3 25
$1.8B
$6.2B
Q2 25
$1.6B
$6.1B
Q1 25
$1.9B
$5.2B
Q4 24
$2.1B
$5.2B
Q3 24
$2.1B
$5.2B
Q2 24
$1.9B
$5.1B
Q1 24
$1.8B
$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
MEDP
MEDP
RHP
RHP
Operating Cash FlowLast quarter
$192.7M
$164.7M
Free Cash FlowOCF − Capex
$188.1M
$58.5M
FCF MarginFCF / Revenue
26.6%
7.9%
Capex IntensityCapex / Revenue
0.6%
14.4%
Cash ConversionOCF / Net Profit
1.43×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$681.9M
$232.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEDP
MEDP
RHP
RHP
Q4 25
$192.7M
$164.7M
Q3 25
$246.2M
$205.2M
Q2 25
$148.5M
$122.5M
Q1 25
$125.8M
$98.2M
Q4 24
$190.7M
$166.6M
Q3 24
$149.1M
$218.1M
Q2 24
$116.4M
$184.3M
Q1 24
$152.7M
$7.5M
Free Cash Flow
MEDP
MEDP
RHP
RHP
Q4 25
$188.1M
$58.5M
Q3 25
$235.5M
$135.4M
Q2 25
$142.4M
$53.0M
Q1 25
$115.8M
$-14.5M
Q4 24
$183.0M
$76.0M
Q3 24
$138.5M
$85.7M
Q2 24
$103.5M
$78.8M
Q1 24
$147.2M
$-72.0M
FCF Margin
MEDP
MEDP
RHP
RHP
Q4 25
26.6%
7.9%
Q3 25
35.7%
22.9%
Q2 25
23.6%
8.0%
Q1 25
20.7%
-2.5%
Q4 24
34.1%
11.7%
Q3 24
26.0%
15.6%
Q2 24
19.6%
12.9%
Q1 24
28.8%
-13.6%
Capex Intensity
MEDP
MEDP
RHP
RHP
Q4 25
0.6%
14.4%
Q3 25
1.6%
11.8%
Q2 25
1.0%
10.5%
Q1 25
1.8%
19.2%
Q4 24
1.4%
14.0%
Q3 24
2.0%
24.1%
Q2 24
2.4%
17.2%
Q1 24
1.1%
15.0%
Cash Conversion
MEDP
MEDP
RHP
RHP
Q4 25
1.43×
2.21×
Q3 25
2.22×
5.88×
Q2 25
1.65×
1.71×
Q1 25
1.10×
1.56×
Q4 24
1.63×
2.30×
Q3 24
1.55×
3.70×
Q2 24
1.32×
1.83×
Q1 24
1.49×
0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MEDP
MEDP

Metabolic$249.8M35%
Oncology$195.9M28%
Other$88.3M12%
Central Nervous System$73.2M10%
Cardiology$63.0M9%
Antiviral And Anti Infective$38.3M5%
Related Party$10.3M1%

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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