RHP vs SHO: Ryman Hospitality Properties and Sunstone Hotel Investors 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 3.6 times Sunstone Hotel Investors.
- Ryman Hospitality Properties grew revenue faster over the last year (+13.6% vs +6.7%).
- On earnings, Ryman Hospitality Properties is the cheaper stock (33.3x vs 107.5x).
- Ryman Hospitality Properties's price assumes faster free cash flow growth: about 12% a year, against 9% for Sunstone Hotel Investors (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 | RHP | SHO |
|---|---|---|
| Market cap | $8.0B | $2.2B |
| Share price | $120.28 | $11.31 |
| Revenue (last fiscal year) | $2.6B | $960M |
| Free cash flow (last fiscal year) | $232M | $79M |
| Revenue growth, last year | +13.6% | +6.7% |
| Revenue growth per year, last 5 fiscal years | +28.7% | +17.2% |
| Operating margin | 19.8% | — |
| Net margin | 9.9% | 5.3% |
| Return on equity | 36.3% | 2.8% |
| P/E (trailing) | 33.3x | 107.5x |
| Price / free cash flow | 34.4x | 28.0x |
| EV / EBITDA | 13.6x | 13.7x |
| FCF growth the price implies | 12.1% | 9.4% |
| Dividend yield | 3.8% | 3.1% |
| Debt / equity | 6.62x | 0.61x |
| Fundamental grade | C | D |
| Superinvestors holding it | 5 | 1 |
| Insider purchases, last 12 months | 4 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
Sunstone Hotel Investors
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $509M | -$35M | — |
| 2022 | $912M | $81M | — |
| 2023 | $986M | $88M | — |
| 2024 | $906M | $13M | — |
| 2025 | $960M | $79M | — |
Where the revenue comes from
Ryman Hospitality Properties · by segments, 2025
Hospitality$2.1B83%
Entertainment$434M17%
Sunstone Hotel Investors · by products, 2025
Room$583M61%
Food and beverage$279M29%
Other operating$99M10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open RHP in InvestinglyQuestions
Which is bigger, Ryman Hospitality Properties or Sunstone Hotel Investors?
Ryman Hospitality Properties (RHP), at $8.0B against $2.2B.
Is RHP or SHO cheaper?
By trailing P/E, Ryman Hospitality Properties (33.3x) is cheaper than Sunstone Hotel Investors (107.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, RHP or SHO?
Ryman Hospitality Properties: revenue grew +13.6% over the last year, against +6.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.