PK vs RHP: Park 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.
- Ryman Hospitality Properties is the larger company, worth $8.0B, about 2.5 times Park Hotels & Resorts.
- Ryman Hospitality Properties grew revenue faster over the last year (+13.6% vs +1.2%).
- Ryman Hospitality Properties keeps more of each dollar of revenue as operating profit (19.8% vs 2.0%).
- Ryman Hospitality Properties's price assumes faster free cash flow growth: about 12% a year, against 11% for Park 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 | PK | RHP |
|---|---|---|
| Market cap | $3.1B | $8.0B |
| Share price | $15.17 | $120.28 |
| Revenue (last fiscal year) | $2.5B | $2.6B |
| Free cash flow (last fiscal year) | $102M | $232M |
| Revenue growth, last year | +1.2% | +13.6% |
| Revenue growth per year, last 5 fiscal years | +16.9% | +28.7% |
| Operating margin | 2.0% | 19.8% |
| Net margin | -6.4% | 9.9% |
| Return on equity | -5.3% | 36.3% |
| P/E (trailing) | — | 33.3x |
| Price / free cash flow | 30.8x | 34.4x |
| EV / EBITDA | 20.8x | 13.6x |
| FCF growth the price implies | 10.6% | 12.1% |
| Dividend yield | 6.5% | 3.8% |
| Debt / equity | 1.51x | 6.62x |
| Fundamental grade | F | C |
| Superinvestors holding it | 4 | 5 |
| Insider purchases, last 12 months | 1 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Park Hotels & Resorts
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.4B | -$191M | -13.1% |
| 2022 | $2.5B | $241M | 11.8% |
| 2023 | $2.7B | $218M | 12.7% |
| 2024 | $2.6B | $202M | 15.0% |
| 2025 | $2.5B | $102M | -1.3% |
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
Park Hotels & Resorts · by segments, 2023
Total consolidated hotel revenues$2.6B97%
Other revenues$85M3%
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 PK in InvestinglyQuestions
Which is bigger, Park Hotels & Resorts or Ryman Hospitality Properties?
Ryman Hospitality Properties (RHP), at $8.0B against $3.1B.
Which grows faster, PK or RHP?
Ryman Hospitality Properties: revenue grew +13.6% over the last year, against +1.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.