Ryman Hospitality Properties, Inc. (RHP) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

Ryman Hospitality Properties, Inc. (RHP) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Ryman Hospitality Properties, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Ownership and management of upscale group-oriented hotels and resorts anchored by large convention centers
  • Notable financing activities: Issuance of multiple senior notes with rates from 4.5% to 7.25% due 2027-2033 indicating active debt management
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Management Discussion & Analysis

  • Revenue $2.577B, up 10.2% YoY ($237.8M increase) driven by Hospitality ($146M) and Entertainment ($91.8M) segments
  • Operating income $487M, down 0.8% YoY; Hospitality operating margin approx. 21.6% in 2025 vs 23.4% in 2024 (hospitality op. income $462M on $2.143B revenue)
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Risk Factors

  • Regulatory risk: Compliance with California Consumer Privacy Act (CCPA) and potential new AI privacy laws raising operating costs and exposure to fines and litigation
  • Macroeconomic threat: Geographic concentration of hotels increases risk from local economic downturns and declines in tourism or convention business in Nashville, Orlando, Dallas, San Antonio, Washington D.C., Denver, Phoenix
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Ryman Hospitality Properties, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$2.6B

+10.2% YoY

Net Income

$243M

-10.4% YoY

Operating Margin

18.9%

-208bp YoY

Net Margin

9.4%

-217bp YoY

ROE

32.5%

-1703bp YoY

Total Assets

$6.2B

+18.5% YoY

EPS (Diluted)

$3.77

-13.9% YoY

Operating Cash Flow

$591M

+2.4% YoY

Source: XBRL data from Ryman Hospitality Properties, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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