GHG Financials GreenTree Hospitality Group Ltd.

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Oct 16, 2026, 09:56 UTC Overview →

Growth & profitability

Revenue has grown 3.4% per year over the past 5 years.
Net income has grown slower than revenue (-8.6% vs 3.4% per year).
Operating margin has contracted, at 5.2% in the latest year.
Free cash flow has declined 35.7% per year over the past 5 years.

Financial health

The company holds more cash (CN¥1.7B) than total debt (CN¥256M).
Total debt has grown slower than revenue (-22.4% vs 3.4% per year).
Operating income covered interest expense 7.4× in the latest year, down from 92× 5 years ago.
Total debt is 1.9× EBITDA.

Shareholder returns

Dividends have been paid for 2 consecutive years, consuming 25.8% of earnings and 213.8% of free cash flow.
The dividend has declined 39.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	CN¥1.1B	CN¥167M	34.9%	5.2%	10.6%	3.5%	CN¥20M	CN¥256M	CN¥1.7B
2024	CN¥1.3B	CN¥110M	38.8%	12.1%	7.5%	2.2%	CN¥294M	CN¥257M	CN¥1.5B
2023	CN¥1.6B	CN¥269M	41.8%	20.6%	18.7%	5.3%	CN¥367M	CN¥174M	CN¥766M
2022	CN¥1.5B	-CN¥425M	27.4%	-33.1%	-26.4%	-7.5%	CN¥211M	CN¥458M	CN¥699M
2021	CN¥2.0B	CN¥89M	33.3%	6.6%	4.8%	1.9%	CN¥19M	CN¥708M	CN¥330M
2020	CN¥930M	CN¥261M	56.8%	34.3%	12.4%	6.4%	CN¥183M	—	CN¥611M
2019	CN¥1.1B	CN¥443M	69.0%	46.2%	23.8%	11.6%	CN¥301M	—	CN¥320M
2018	CN¥906M	CN¥372M	69.7%	55.8%	22.5%	12.1%	CN¥416M	—	CN¥1.3B
2017	CN¥743M	CN¥274M	69.5%	50.0%	37.4%	15.6%	CN¥453M	—	CN¥162M
2016	CN¥648M	CN¥266M	62.9%	48.2%	—	—	CN¥438M	—	—

Frequently asked questions

Is GHG growing its revenue and profit?

Over the past 5 years, GreenTree Hospitality Group Ltd.'s revenue has grown 3.4% per year, and net income declined 8.6% per year. These are computed facts, not advice.

How much debt does GHG have?

As of FY2025, GreenTree Hospitality Group Ltd. reported CN¥256M of total debt against CN¥1.7B of cash; operating income covered interest expense 7.4×.

What is GHG's profit margin?

In FY2025, gross margin was 34.9%, operating margin 5.2%, and net margin 15.2%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.