HST vs RHP: Host Hotels & Resorts and Ryman Hospitality Properties compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Host Hotels & Resorts is the larger company, worth $15.9B, about 2.0 times Ryman Hospitality Properties.
- Ryman Hospitality Properties grew revenue faster over the last year (+13.6% vs +3.4%).
- Ryman Hospitality Properties keeps more of each dollar of revenue as operating profit (19.8% vs 14.6%).
- On earnings, Host Hotels & Resorts is the cheaper stock (15.6x vs 33.3x).
- Ryman Hospitality Properties's price assumes faster free cash flow growth: about 12% a year, against -1% for Host Hotels & Resorts (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HST | RHP |
|---|---|---|
| Market cap | $15.9B | $8.0B |
| Share price | $22.65 | $120.28 |
| Revenue (last fiscal year) | $6.1B | $2.6B |
| Free cash flow (last fiscal year) | $1.2B | $232M |
| Revenue growth, last year | +3.4% | +13.6% |
| Revenue growth per year, last 5 fiscal years | +20.6% | +28.7% |
| Operating margin | 14.6% | 19.8% |
| Net margin | 16.5% | 9.9% |
| Return on equity | 16.1% | 36.3% |
| P/E (trailing) | 15.6x | 33.3x |
| Price / free cash flow | 18.5x | 34.4x |
| EV / EBITDA | 9.14x | 13.6x |
| FCF growth the price implies | -0.73% | 12.1% |
| Dividend yield | 3.5% | 3.8% |
| Debt / equity | 1.04x | 6.62x |
| Fundamental grade | C | C |
| Superinvestors holding it | 3 | 5 |
| Insider purchases, last 12 months | 2 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Host Hotels & Resorts
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.9B | -$1M | -8.7% |
| 2022 | $4.9B | $1.1B | 15.8% |
| 2023 | $5.3B | $1.2B | 15.6% |
| 2024 | $5.7B | $1.2B | 15.4% |
| 2025 | $6.1B | $1.2B | 14.0% |
Ryman Hospitality Properties
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $939M | $34M | -6.2% |
| 2022 | $1.8B | $330M | 18.1% |
| 2023 | $2.2B | $350M | 21.0% |
| 2024 | $2.3B | $169M | 21.0% |
| 2025 | $2.6B | $232M | 18.9% |
Where the revenue comes from
Host Hotels & Resorts · by products, 2025
Rooms$3.6B59%
Food and beverage$1.8B29%
Other$604M10%
Condominium sales$99M2%
Ryman Hospitality Properties · by segments, 2025
Hospitality$2.1B83%
Entertainment$434M17%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HST in InvestinglyQuestions
Which is bigger, Host Hotels & Resorts or Ryman Hospitality Properties?
Host Hotels & Resorts (HST), at $15.9B against $8.0B.
Is HST or RHP cheaper?
By trailing P/E, Host Hotels & Resorts (15.6x) is cheaper than Ryman Hospitality Properties (33.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, HST or RHP?
Ryman Hospitality Properties: revenue grew +13.6% over the last year, against +3.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.