GreenTree Hospitality Group Ltd. (GHG)

GHG Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,080	1,097	1,343	1,627	1,469	1,968
Revenue Growth	-13.99%	-18.32%	-17.44%	10.77%	-25.35%	111.59%
Gross Profit Gross Profit Growth	402.72	382.96	520.85	679.82	402.56	655.3
Operating Income Operating Income Growth	114.01	56.66	161.92	335.65	-486.53	129.2
Net Income Net Income Growth	213.46	166.79	110	269.32	-421.96	88.71
Earnings Per Share EPS Growth	2.10	1.65	1.08	2.64	-4.13	0.86
EPS Growth	223.08%	52.78%	-59.09%	-	-	-66.14%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Restaurant Restaurant Growth	173.47	186.25	278.44	441.64	533.79	765.19
Hotel Hotel Growth	888.07	912.35	1,067	1,192	936.8	1,206
Elimination Elimination Growth	-	-1.24	-1.71	-6.28	-1.51	-3.52
Total Total Growth	1,060	1,097	1,343	1,627	1,469	1,968

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,991	1,660	1,506	1,216	934.57	1,017
Total Debt Total Debt Growth	1,522	1,473	1,714	1,833	2,247	708
Net Cash (Debt) Net Cash Growth	469.06	186.23	-207.4	-617.33	-1,313	309.18
Net Cash Growth	-	-	-	-	-	-69.26%
Net Cash Per Share Net Cash Per Share Growth	7.08	2.81	-3.11	-9.17	-19.24	4.53

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	281.71	281.27	373.38	455.05	294.54	379.25
Capital Expenditures CapEx Growth	-51.64	-261.15	-79.58	-87.76	-83.72	-360.71
Free Cash Flow Free Cash Flow Growth	230.07	20.12	293.8	367.29	210.82	18.54
Free Cash Flow Growth	-6.61%	-93.15%	-20.01%	74.22%	1036.95%	-89.89%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	37.28%	34.90%	38.77%	41.78%	27.40%	33.30%
Operating Margin	10.55%	5.16%	12.05%	20.63%	-33.12%	6.57%
Pretax Margin	23.92%	18.69%	14.68%	23.38%	-34.32%	9.93%
Profit Margin	19.16%	14.51%	8.07%	16.10%	-31.32%	4.23%
FCF Margin	21.30%	1.83%	21.87%	22.57%	14.35%	0.94%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.060	-	0.438	0.709	-	3.494
Dividend Per Share Growth	0%	-	-38.25%	-	-	-
Dividend Yield	5.41%	5.48%	5.69%	0.00%	2.35%	9.32%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	4.46	7.17	17.30	10.08	-	58.53
Forward PE	-	5.69	5.69	7.15	11.50	12.20
P/FCF Ratio	-	59.29	6.46	7.36	12.40	279.76
PS Ratio	0.73	1.09	1.41	1.66	1.78	2.64

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error