GHG revenueFY2025CN¥1.10B
- FY YoY
- -18.3%
- 5Y CAGR
- +3.4%
GHG revenue was CN¥1.10B for fiscal 2025 (ended Dec 31, 2025), down 18.3% from fiscal 2024. Compound annual growth was +3.4% over 5 years. It rose in 5 of the last 9 fiscal years.
GreenTree Hospitality Group Ltd. (GHG) financials
For fiscal 2025 (ended Dec 31, 2025), GreenTree Hospitality Group Ltd. reported CN¥1.10B of revenue and CN¥166.79M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥1.10B
- Revenue growth, YoY
- -18.3%
- Net income, FY2025
- CN¥166.79M
- Net income growth, YoY
- +51.6%
- Net margin
- 15.2%
- Free cash flow, FY2025
- CN¥20.12M
- Cash
- CN¥1.65B
- Total debt
- CN¥256.20M
FY2016FY2025
FY2016FY2025
FY2016FY2025
GHG revenue and earnings growth
GHG net incomeFY2025CN¥166.79M
- FY YoY
- +51.6%
- 5Y CAGR
- -8.6%
GHG net income was CN¥166.79M for fiscal 2025 (ended Dec 31, 2025), up 51.6% from fiscal 2024. Compound annual growth was -8.6% over 5 years.
GHG free cash flowFY2025CN¥20.12M
- FY YoY
- -93.2%
- 5Y CAGR
- -35.7%
GHG free cash flow was CN¥20.12M for fiscal 2025 (ended Dec 31, 2025), down 93.2% from fiscal 2024. Compound annual growth was -35.7% over 5 years. It rose in 3 of the last 9 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.10B | CN¥1.34B | CN¥1.63B | CN¥1.47B | CN¥1.97B | CN¥930.01M | CN¥1.09B | CN¥905.61M | CN¥743.18M | CN¥647.79M |
| Cost of revenue | CN¥714.39M | CN¥822.59M | CN¥947.44M | CN¥1.07B | CN¥1.31B | CN¥401.66M | CN¥338.83M | CN¥274.42M | CN¥226.87M | CN¥240.13M |
| Gross profit | CN¥382.96M | CN¥520.85M | CN¥679.82M | CN¥402.56M | CN¥655.30M | CN¥528.35M | CN¥752.97M | CN¥631.20M | CN¥516.31M | CN¥407.66M |
| Selling, general and admin | CN¥130.46M | CN¥182.55M | CN¥208.43M | CN¥259.51M | CN¥318.97M | CN¥160.42M | CN¥184.99M | CN¥95.26M | CN¥121.66M | CN¥77.93M |
| Operating income | CN¥56.66M | CN¥161.92M | CN¥335.65M | -CN¥486.53M | CN¥129.20M | CN¥319.25M | CN¥504.55M | CN¥505.16M | CN¥371.50M | CN¥312.26M |
| Interest expense | CN¥7.64M | CN¥6.31M | CN¥14.05M | CN¥27.99M | CN¥15.30M | CN¥3.46M | CN¥2.51M | CN¥541.9K | CN¥1.44M | - |
| Pre-tax income | CN¥205.07M | CN¥197.21M | CN¥380.37M | -CN¥504.16M | CN¥195.48M | CN¥354.25M | CN¥626.08M | CN¥532.24M | CN¥456.65M | CN¥360.19M |
| Income tax | CN¥45.88M | CN¥88.73M | CN¥118.45M | -CN¥44.07M | CN¥112.29M | CN¥110.46M | CN¥189.57M | CN¥152.72M | CN¥182.57M | CN¥83.92M |
| Net income | CN¥166.79M | CN¥110.00M | CN¥269.32M | -CN¥425.15M | CN¥88.71M | CN¥261.34M | CN¥442.72M | CN¥371.71M | CN¥273.54M | CN¥265.97M |
| EPS, basic | - | - | - | - | - | - | - | CN¥3.75 | CN¥2.99 | - |
| EPS, diluted | - | - | - | - | - | - | - | CN¥3.75 | CN¥2.99 | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥1.65B | CN¥1.49B | CN¥765.55M | CN¥733.96M | CN¥353.12M | CN¥713.01M | CN¥319.85M | CN¥342.16M | CN¥164.96M | CN¥1.09B |
| Short-term investments | - | CN¥10.5K | CN¥417.71M | CN¥186.03M | CN¥557.46M | - | - | CN¥685.51M | CN¥781.85M | - |
| Receivables | CN¥81.34M | CN¥99.69M | CN¥123.89M | CN¥134.92M | CN¥95.59M | CN¥101.51M | CN¥99.70M | CN¥64.86M | CN¥53.88M | - |
| Inventory | CN¥4.92M | CN¥6.88M | CN¥20.46M | CN¥21.92M | CN¥2.30M | CN¥3.80M | CN¥2.54M | CN¥2.55M | CN¥2.36M | - |
| Current assets | CN¥1.90B | CN¥1.84B | CN¥1.63B | CN¥1.81B | CN¥1.83B | CN¥1.58B | CN¥1.27B | CN¥2.45B | CN¥1.49B | - |
| Goodwill | CN¥25.72M | CN¥96.07M | CN¥177.08M | CN¥177.08M | CN¥268.32M | CN¥100.23M | CN¥100.08M | CN¥5.79M | CN¥2.96M | CN¥2.96M |
| Total assets | CN¥4.79B | CN¥4.95B | CN¥5.07B | CN¥5.68B | CN¥4.67B | CN¥4.09B | CN¥3.82B | CN¥3.08B | CN¥1.76B | - |
| Current liabilities | CN¥1.18B | CN¥1.17B | CN¥1.34B | CN¥1.54B | CN¥1.25B | CN¥869.53M | CN¥795.03M | CN¥710.01M | CN¥663.03M | - |
| Short-term debt | CN¥56.80M | CN¥400.0K | CN¥200.0K | CN¥156.30M | CN¥356.00M | CN¥150.00M | CN¥60.00M | CN¥60.00M | - | - |
| Long-term debt | - | - | - | - | CN¥301.80M | - | - | - | - | - |
| Total debt | CN¥256.20M | CN¥256.60M | CN¥57.00M | CN¥301.80M | CN¥657.80M | - | - | - | - | - |
| Total liabilities | CN¥3.18B | CN¥3.45B | CN¥3.59B | CN¥4.03B | CN¥2.62B | CN¥1.85B | CN¥1.80B | CN¥1.42B | CN¥1.02B | - |
| Shareholders' equity | CN¥1.58B | CN¥1.46B | CN¥1.48B | CN¥1.66B | CN¥2.26B | CN¥2.10B | CN¥1.86B | CN¥1.65B | CN¥732.25M | CN¥1.03B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | CN¥281.27M | CN¥373.38M | CN¥455.05M | CN¥294.54M | CN¥379.25M | CN¥295.26M | CN¥513.94M | CN¥554.95M | CN¥469.47M | CN¥443.56M |
| Capital expenditures | CN¥261.15M | CN¥79.58M | CN¥87.76M | CN¥83.72M | CN¥360.71M | CN¥111.93M | CN¥213.33M | CN¥138.47M | CN¥16.55M | CN¥5.84M |
| Free cash flow | CN¥20.12M | CN¥293.80M | CN¥367.29M | CN¥210.82M | CN¥18.54M | CN¥183.33M | CN¥300.61M | CN¥416.48M | CN¥452.91M | CN¥437.72M |
| Investing cash flow | -CN¥62.78M | CN¥345.39M | -CN¥93.71M | CN¥420.45M | -CN¥978.05M | -CN¥111.55M | -CN¥1.22B | -CN¥181.76M | -CN¥744.86M | CN¥74.00M |
| Financing cash flow | -CN¥43.43M | CN¥10.53M | -CN¥303.73M | -CN¥335.40M | CN¥240.33M | CN¥115.53M | -CN¥212.23M | CN¥663.15M | -CN¥645.16M | -CN¥132.96M |
| Dividends paid | CN¥43.02M | CN¥70.94M | - | CN¥41.00M | CN¥320.25M | - | CN¥226.95M | CN¥200.53M | CN¥579.04M | CN¥17.96M |
| Share repurchases | CN¥5.3K | CN¥365.3K | CN¥19.71M | - | - | - | - | - | - | - |
| Stock-based compensation | - | - | CN¥62.6K | -CN¥62.4K | CN¥2.46M | CN¥232.6K | CN¥26.49M | CN¥16.11M | CN¥38.05M | - |
| Depreciation and amortization | CN¥79.92M | CN¥102.54M | CN¥92.99M | CN¥104.58M | CN¥119.34M | CN¥65.87M | CN¥40.37M | CN¥25.55M | CN¥24.96M | CN¥35.35M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -18.3% | -17.4% | 10.8% | -25.3% | 111.6% | -14.8% | 20.6% | 21.9% | 14.7% | - |
| Net income growth, YoY | 51.6% | -59.2% | - | - | -66.1% | -41.0% | 19.1% | 35.9% | 2.8% | - |
| EPS growth, YoY | - | - | - | - | - | - | - | 25.4% | - | - |
| Gross margin | 34.9% | 38.8% | 41.8% | 27.4% | 33.3% | 56.8% | 69.0% | 69.7% | 69.5% | 62.9% |
| Operating margin | 5.2% | 12.1% | 20.6% | -33.1% | 6.6% | 34.3% | 46.2% | 55.8% | 50.0% | 48.2% |
| Net margin | 15.2% | 8.2% | 16.6% | -28.9% | 4.5% | 28.1% | 40.5% | 41.0% | 36.8% | 41.1% |
| Free cash flow margin | 1.8% | 21.9% | 22.6% | 14.4% | 0.9% | 19.7% | 27.5% | 46.0% | 60.9% | 67.6% |
| Return on equity | 10.6% | 7.5% | 18.2% | -25.6% | 3.9% | 12.4% | 23.8% | 22.5% | 37.4% | 25.9% |
| Return on assets | 3.5% | 2.2% | 5.3% | -7.5% | 1.9% | 6.4% | 11.6% | 12.1% | 15.6% | - |
| Current ratio | 1.61 | 1.57 | 1.21 | 1.18 | 1.47 | 1.82 | 1.59 | 3.45 | 2.24 | - |
| Debt to equity | 0.16 | 0.18 | 0.04 | 0.18 | 0.29 | - | - | - | - | - |
Source: XBRL data GreenTree Hospitality Group Ltd. files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
GHG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| GHG | CN¥1.10B | -18.3% | CN¥166.79M | 15.2% | $99.9M |
| MAR | $27.42B | +5.8% | $2.65B | 9.7% | $107.42B |
| HLT | $12.69B | +8.1% | $1.70B | 13.4% | $83.05B |
| IHG | $5.19B | +5.4% | $758.00M | 14.6% | $26.54B |
| LVS | $13.60B | +10.9% | $1.61B | 11.8% | $25.19B |
| H | $7.11B | +2.8% | $188.00M | 2.6% | $17.34B |
| HTHT | CN¥25.31B | +5.9% | CN¥5.08B | 20.1% | $15.44B |
| LTH | $3.29B | +13.0% | $418.95M | 12.7% | $10.53B |
| WYNN | $7.27B | +2.2% | $377.87M | 5.2% | $8.89B |
GHG FAQ
8 questionsWhat is GHG revenue?
GreenTree Hospitality Group Ltd. (GHG) reported CN¥1.10B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 18.3% from the year before.Is GHG profitable?
Yes. GreenTree Hospitality Group Ltd. earned CN¥166.79M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 15.2%.How much cash and debt does GHG have?
GreenTree Hospitality Group Ltd. reported CN¥1.65B in cash and cash equivalents and CN¥256.20M of debt on its most recent balance sheet in SEC filings.How fast is GHG revenue growing?
GreenTree Hospitality Group Ltd.'s revenue changed -18.3% in fiscal 2025, to CN¥1.10B. Its compound annual growth rate was +3.4% over 5 years.What is GHG gross margin?
GreenTree Hospitality Group Ltd.'s gross profit was CN¥382.96M on CN¥1.10B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 34.9%.What is GHG free cash flow?
GreenTree Hospitality Group Ltd. generated CN¥20.12M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥281.27M less capital expenditures.When did GHG last report financial results?
The latest statements here come from GreenTree Hospitality Group Ltd.'s 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.Where does this GHG financial data come from?
Quantisnow builds these statements from the structured XBRL data GreenTree Hospitality Group Ltd. files with the SEC. It is provided for information only and is not investment advice.