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Side-by-side financial comparison of Ryman Hospitality Properties, Inc. (RHP) and Spectrum Brands Holdings, Inc. (SPB). 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 $677.0M, roughly 1.1× Spectrum Brands Holdings, Inc.). Ryman Hospitality Properties, Inc. runs the higher net margin — 10.1% vs 4.2%, a 5.9% gap on every dollar of revenue. On growth, Ryman Hospitality Properties, Inc. posted the faster year-over-year revenue change (13.9% vs -3.3%). Spectrum Brands Holdings, Inc. produced more free cash flow last quarter ($59.3M vs $58.5M). Over the past eight quarters, Ryman Hospitality Properties, Inc.'s revenue compounded faster (18.2% CAGR vs -2.9%).

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...

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

RHP vs SPB — Head-to-Head

Bigger by revenue
RHP
RHP
1.1× larger
RHP
$737.8M
$677.0M
SPB
Growing faster (revenue YoY)
RHP
RHP
+17.2% gap
RHP
13.9%
-3.3%
SPB
Higher net margin
RHP
RHP
5.9% more per $
RHP
10.1%
4.2%
SPB
More free cash flow
SPB
SPB
$765.0K more FCF
SPB
$59.3M
$58.5M
RHP
Faster 2-yr revenue CAGR
RHP
RHP
Annualised
RHP
18.2%
-2.9%
SPB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
RHP
RHP
SPB
SPB
Revenue
$737.8M
$677.0M
Net Profit
$74.5M
$28.4M
Gross Margin
41.4%
35.7%
Operating Margin
19.4%
4.0%
Net Margin
10.1%
4.2%
Revenue YoY
13.9%
-3.3%
Net Profit YoY
3.0%
20.9%
EPS (diluted)
$1.12
$1.21

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
RHP
RHP
SPB
SPB
Q4 25
$737.8M
$677.0M
Q3 25
$592.5M
$733.5M
Q2 25
$659.5M
$699.6M
Q1 25
$587.3M
$675.7M
Q4 24
$647.6M
$700.2M
Q3 24
$550.0M
$773.8M
Q2 24
$613.3M
$779.4M
Q1 24
$528.3M
$718.5M
Net Profit
RHP
RHP
SPB
SPB
Q4 25
$74.5M
$28.4M
Q3 25
$34.9M
$55.6M
Q2 25
$71.8M
$19.9M
Q1 25
$63.0M
$900.0K
Q4 24
$72.3M
$23.5M
Q3 24
$59.0M
$28.5M
Q2 24
$100.8M
$6.1M
Q1 24
$42.8M
$61.1M
Gross Margin
RHP
RHP
SPB
SPB
Q4 25
41.4%
35.7%
Q3 25
40.9%
35.0%
Q2 25
49.7%
37.8%
Q1 25
44.4%
37.5%
Q4 24
40.4%
36.8%
Q3 24
43.1%
37.2%
Q2 24
48.4%
38.9%
Q1 24
41.5%
38.1%
Operating Margin
RHP
RHP
SPB
SPB
Q4 25
19.4%
4.0%
Q3 25
15.0%
4.0%
Q2 25
21.1%
4.5%
Q1 25
19.8%
2.9%
Q4 24
18.6%
6.4%
Q3 24
19.3%
2.8%
Q2 24
27.4%
6.1%
Q1 24
18.2%
10.6%
Net Margin
RHP
RHP
SPB
SPB
Q4 25
10.1%
4.2%
Q3 25
5.9%
7.6%
Q2 25
10.9%
2.8%
Q1 25
10.7%
0.1%
Q4 24
11.2%
3.4%
Q3 24
10.7%
3.7%
Q2 24
16.4%
0.8%
Q1 24
8.1%
8.5%
EPS (diluted)
RHP
RHP
SPB
SPB
Q4 25
$1.12
$1.21
Q3 25
$0.53
$2.19
Q2 25
$1.12
$0.80
Q1 25
$1.00
$0.03
Q4 24
$1.12
$0.84
Q3 24
$0.94
$1.03
Q2 24
$1.65
$0.21
Q1 24
$0.67
$2.01

Balance Sheet & Financial Strength

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

Metric
RHP
RHP
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$471.4M
$126.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$750.2M
$1.9B
Total Assets
$6.2B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RHP
RHP
SPB
SPB
Q4 25
$471.4M
$126.6M
Q3 25
$483.3M
$123.6M
Q2 25
$420.6M
$122.0M
Q1 25
$413.9M
$96.0M
Q4 24
$477.7M
$179.9M
Q3 24
$534.9M
$368.9M
Q2 24
$498.4M
$306.8M
Q1 24
$465.3M
$1.2B
Total Debt
RHP
RHP
SPB
SPB
Q4 25
Q3 25
$496.1M
Q2 25
Q1 25
Q4 24
Q3 24
$496.1M
Q2 24
Q1 24
Stockholders' Equity
RHP
RHP
SPB
SPB
Q4 25
$750.2M
$1.9B
Q3 25
$758.5M
$1.9B
Q2 25
$800.4M
$1.9B
Q1 25
$531.5M
$1.9B
Q4 24
$549.0M
$2.0B
Q3 24
$551.9M
$2.1B
Q2 24
$562.6M
$2.1B
Q1 24
$529.9M
$2.3B
Total Assets
RHP
RHP
SPB
SPB
Q4 25
$6.2B
$3.4B
Q3 25
$6.2B
$3.4B
Q2 25
$6.1B
$3.5B
Q1 25
$5.2B
$3.5B
Q4 24
$5.2B
$3.6B
Q3 24
$5.2B
$3.8B
Q2 24
$5.1B
$3.8B
Q1 24
$5.1B
$4.8B
Debt / Equity
RHP
RHP
SPB
SPB
Q4 25
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
RHP
RHP
SPB
SPB
Operating Cash FlowLast quarter
$164.7M
$67.4M
Free Cash FlowOCF − Capex
$58.5M
$59.3M
FCF MarginFCF / Revenue
7.9%
8.8%
Capex IntensityCapex / Revenue
14.4%
1.2%
Cash ConversionOCF / Net Profit
2.21×
2.37×
TTM Free Cash FlowTrailing 4 quarters
$232.4M
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RHP
RHP
SPB
SPB
Q4 25
$164.7M
$67.4M
Q3 25
$205.2M
$171.1M
Q2 25
$122.5M
$81.8M
Q1 25
$98.2M
$23.1M
Q4 24
$166.6M
$-72.4M
Q3 24
$218.1M
$80.7M
Q2 24
$184.3M
$82.7M
Q1 24
$7.5M
$3.5M
Free Cash Flow
RHP
RHP
SPB
SPB
Q4 25
$58.5M
$59.3M
Q3 25
$135.4M
$157.9M
Q2 25
$53.0M
$71.8M
Q1 25
$-14.5M
$13.9M
Q4 24
$76.0M
$-78.3M
Q3 24
$85.7M
$67.7M
Q2 24
$78.8M
$72.6M
Q1 24
$-72.0M
$-9.0M
FCF Margin
RHP
RHP
SPB
SPB
Q4 25
7.9%
8.8%
Q3 25
22.9%
21.5%
Q2 25
8.0%
10.3%
Q1 25
-2.5%
2.1%
Q4 24
11.7%
-11.2%
Q3 24
15.6%
8.7%
Q2 24
12.9%
9.3%
Q1 24
-13.6%
-1.3%
Capex Intensity
RHP
RHP
SPB
SPB
Q4 25
14.4%
1.2%
Q3 25
11.8%
1.8%
Q2 25
10.5%
1.4%
Q1 25
19.2%
1.4%
Q4 24
14.0%
0.8%
Q3 24
24.1%
1.7%
Q2 24
17.2%
1.3%
Q1 24
15.0%
1.7%
Cash Conversion
RHP
RHP
SPB
SPB
Q4 25
2.21×
2.37×
Q3 25
5.88×
3.08×
Q2 25
1.71×
4.11×
Q1 25
1.56×
25.67×
Q4 24
2.30×
-3.08×
Q3 24
3.70×
2.83×
Q2 24
1.83×
13.56×
Q1 24
0.17×
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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