Saturday 17 October 2026 Export GHG’s income statement to Excel — free account

GreenTree Hospitality Group Ltd. Sponsored ADR

GreenTree Hospitality Group Ltd. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $156.9 million, down 14.7% from fiscal 2024. In the quarter to June 2026, revenue fell 31.9%, EPS fell 66.7%, free cash flow grew 78.4% and total debt rose 26.4%, each against the same quarter a year earlier.

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Market cap: $62.8M
P/E: 31.7×
Fwd P/E: —
Dividend yield: 0.00%
F-score: 7/9
Altman Z: 0.59
Beneish M: −2.64
Dividend safety: 45/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 34.47%

Capital & Financial Ratios $m

Market Cap 62.82

Revenue 149.34

Net Income 35.55

Free Cash Flow 8.29

Net Debt (247.57)

Current Ratio 1.70

Debt/Equity 0.18

P/E ratio 31.67

Fwd P/E —

P/S ratio 0.64

P/B ratio 0.39

Past 5Y EPS Growth (9.25%)

This Y EPS Growth 10.18%

Next Y EPS Growth 25.89%

Next Y revenue growth —

Next 5Y EPS Growth 3.63%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 81.44%

10-year low 10-year high

P/S against its own 10 years 0.26%

10-year low 10-year high

P/B against its own 10 years 0.23%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2021	0.55	0.55
2019	0.25	0.30 0.25

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	171	206	237	292
Receivables	20	17	14	13
Inventory	3	1	1	1
Other	16	16	13	15
	229	251	271	327

	2023	2024	2025	Q'26
Payables	10	8	6	7
ST’ Debt	16	0	8	38
Other	3	4	3	3
	189	160	169	192

Compound Annual Growth %

	10y	5y	3y
Sales	4.87%	1.94%	4.93%
Cash Flow	(5.16%)	(2.33%)	(1.72%)
Earnings	(5.05%)	(9.85%)	0.00%
Book Value	4.53%	(7.78%)	2.13%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	33	35	—	—	—
’25	—	—	43	—	157
’24	49	45	51	39	184
’23	—	59	63	—	229
’22	—	71	—	69	136
’21	37	54	48	51	189
’20	22	31	39	50	143

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	4	—	—	—
’25	—	15	20	—	40
’24	13	9	21	9	51
’23	—	43	21	—	64
’22	—	20	—	19	42
’21	0	7	18	32	57
’20	(7)	8	25	19	45

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	2	—	—	—
’25	—	8	(3)	—	3
’24	11	27	20	1	59
’23	—	35	21	—	52
’22	—	15	—	19	33
’22	—	—	—	—	43
’21	(16)	(34)	4	15	(31)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.02	0.03	—	—	—
’25	—	—	0.08	—	0.24
’24	0.08	0.08	0.09	(0.10)	0.15
’23	—	0.17	0.16	—	0.37
’22	—	(0.49)	—	(0.08)	(0.58)
’21	0.10	0.36	0.05	0.04	0.17
’20	(0.02)	0.14	0.12	0.13	0.39

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	9.50	9.38	9.79	7.00	2.32	3.37	2.31	1.66	Analyst estimates 2026–2028 Powerpack
	High	—	—	25.10	15.99	15.17	16.50	8.71	6.78	3.69	3.25
People
People	Employees	—	2,259	2,394	2,657	2,565	2,892	2,063	2,523	2,339	2,287
	Revenue/emp, $m	0.00	0.05	0.06	0.06	0.06	0.07	0.07	0.09	0.08	0.07
Income, $m
Income, $m	Revenue	98	120	137	157	143	189	136	229	184	157
	Gross margin, %	62.80	69.97	70.27	68.97	57.79	46.00	36.59	41.78	38.77	34.90
	EBT	54	73	82	90	54	35	(67)	54	27	29
	EBT margin, %	55.60	60.74	59.48	57.34	38.09	18.42	(49.00)	23.38	14.68	18.69
	Net income	40	44	57	63	38	18	(60)	37	15	23
	Depreciation	5	4	4	6	10	15	16	16	16	13
Per share, $
Per share, $	Revenue	0.95	2.46	1.39	1.54	1.38	1.84	1.32	2.25	1.81	1.55
	Earnings	0.39	0.90	0.58	0.62	0.39	0.17	(0.58)	0.37	0.15	0.24
	Cash flow	0.66	1.51	0.81	0.72	0.44	0.55	0.41	0.63	0.50	0.40
	Capex	0.00	(0.04)	(0.21)	(0.30)	(0.17)	(0.85)	(0.09)	(0.12)	0.08	(0.37)
	Free cash flow	0.66	1.46	0.61	0.42	0.27	(0.30)	0.32	0.51	0.59	0.03
	Book value	1.43	2.32	2.73	2.84	3.35	3.11	2.10	2.04	2.01	2.27
	Shares, m	103	49	99	102	103	103	103	102	102	101
Valuation, ×
Valuation, ×	P/E	0.04	0.25	17.97	15.11	36.22	21.29	0.00	0.00	16.55	10.92
	P/S	0.00	0.00	9.37	7.16	9.69	4.31	1.50	1.43	1.41	1.01
	P/B	0.00	0.00	4.75	3.87	4.00	2.55	1.71	1.77	1.27	0.74
	EV/Sales	0.00	0.00	7.05	6.33	8.61	4.06	2.22	1.56	0.48	(0.09)
	EV/FCF	0.00	0.00	15.98	23.30	44.37	(24.32)	44.99	5.57	1.49	(0.59)
Cash, $m
Cash, $m	Operating cash flow	68	73	81	74	45	57	42	64	51	40
	Capex	(1)	(2)	(21)	(31)	(17)	(88)	(10)	(12)	8	(37)
	Free cash flow	68	71	60	43	28	(31)	33	52	59	3
Balance, $m
Balance, $m	Working capital	160	126	258	68	110	91	68	40	92	102
	Total debt	—	—	9	9	23	111	58	24	35	37
	Net debt	(196)	(192)	(320)	(130)	(154)	(49)	(68)	(147)	(171)	(201)
	Shareholders’ equity	148	113	271	290	345	321	216	208	204	230
Returns, %
Returns, %	ROA	14.84	16.26	16.18	12.89	6.81	2.71	(7.53)	5.22	2.17	3.50
	ROIC	0.00	0.00	0.00	28.32	16.04	5.55	(27.21)	47.90	41.67	17.29
	ROE	30.78	38.98	29.89	22.68	12.62	5.54	(20.66)	17.88	7.30	10.98

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HTHT H World Group Limited Sponsored ADR	$14.1B	19.8×	17.7×	+17.06% (above 0%: growing)	+5.71% (above 0%: growing)	+917.02% (above 0%: growing)	43.43%	31.05%	Compare
WH Wyndham Hotels & Resorts	$5.6B	27.6×	18.3×	−5.54% (below 0%: shrinking)	+21.24% (above 0%: growing)	+32.76% (above 0%: growing)	93.07%	46.40%	Compare
CHH Choice Hotels International, Inc.	$4.8B	15.2×	18.6×	+3.36% (above 0%: growing)	−19.32% (below 0%: shrinking)	+25.40% (above 0%: growing)	94.22%	23.63%	Compare
ATAT Atour Lifestyle Holdings Limited Sponsored ADR	$3.8B	16.1×	15.4×	+49.28% (above 0%: growing)	+42.86% (above 0%: growing)	+19.35% (above 0%: growing)	43.60%	22.15%	Compare
CVEO Civeo Corporation	$318.3M	— (loss-making)	— (loss-making)	+10.65% (above 0%: growing)	n/m	+233.36% (above 0%: growing)	23.00%	2.83%	Compare
INTG The Intergroup Corporation	$69.9M	50.6×	— (loss-making)	+13.32% (above 0%: growing)	n/m	−96.48% (below 0%: shrinking)	28.23%	15.57%	Compare
GHG GreenTree Hospitality Group Ltd. Sponsored ADR	$62.8M	31.7×	—	−31.88% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	+78.37% (above 0%: growing)	37.67%	20.52%
UOKAF MDJM Ltd.	$18.0M	— (loss-making)	— (loss-making)	−98.73% (below 0%: shrinking)	−800.00% (below 0%: shrinking)	−105.91% (below 0%: shrinking)	0.00%	0.00%	Compare
SONDQ Sonder Holdings Inc.	$1.7M	— (loss-making)	— (loss-making)	−10.64% (below 0%: shrinking)	n/m	+39.13% (above 0%: growing)	44.95%	(4.68%)	Compare
Median of peers	$2.0B	19.8×	18.0×	+7.01%	+5.71%	+29.08%	43.52%	18.86%

All 13 Lodging stocks →

GreenTree Hospitality Group Ltd. Sponsored ADR (GHG) key facts

Concern: GreenTree Hospitality Group Ltd. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $156.9 million, down 14.7% from fiscal 2024.
GreenTree Hospitality Group Ltd. Sponsored ADR (GHG) is a Lodging company in the Consumer Cyclical sector, traded in the US as an ADR.
As of October 16, 2026, GHG traded at $0.95, a market capitalization of $62.8 million.
Return on equity was 11.0% and debt-to-equity 0.18.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 0.59 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.