GHG vs HTHT
GreenTree Hospitality Group Ltd. and H World Group Ltd., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | GHG | HTHT |
|---|---|---|
| Revenue | CNY 1.1B | CNY 25.3B |
| Net income | CNY 166.8M | CNY 5.1B |
| Gross margin | 34.9% | — |
| Net margin | 14.9% | 20.2% |
| Return on equity | 11.0% | 40.7% |
| Diluted EPS | — | CNY 1.60 |
| Dividend / share | — | — |
| Payout ratio | 25.8% | 76.9% |
| Free cash flow | CNY 20.1M | — |
| Equity | CNY 1.6B | CNY 12.8B |
| Net debt / equity | −0.85× | −0.36× |
| Current ratio | 1.61× | 0.91× |
| Revenue CAGR 5y | 3.4% | 19.9% |
| Profit CAGR 5y | −8.6% | — |
HTHT bills 23.1× the revenue of GHG, and keeps more of each dollar of revenue as profit (20.2% against 14.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
10 years side by side
| Fiscal year | GHG | HTHT |
|---|---|---|
| FY2025 | CNY 1.1B | CNY 25.3B |
| FY2024 | CNY 1.3B | CNY 23.9B |
| FY2023 | CNY 1.6B | CNY 21.9B |
| FY2022 | CNY 1.5B | CNY 13.9B |
| FY2021 | CNY 2.0B | CNY 12.8B |
| FY2020 | CNY 930.0M | CNY 10.2B |
| FY2019 | CNY 1.1B | CNY 11.2B |
| FY2018 | CNY 905.6M | CNY 10.1B |
| FY2017 | CNY 743.2M | CNY 8.2B |
| FY2016 | CNY 647.8M | CNY 6.6B |
Net income by year
Bottom line
| Fiscal year | GHG | HTHT |
|---|---|---|
| FY2025 | CNY 166.8M | CNY 5.1B |
| FY2024 | CNY 110.0M | CNY 3.0B |
| FY2023 | CNY 269.3M | CNY 4.1B |
| FY2022 | CNY -425.2M | CNY -1.8B |
| FY2021 | CNY 88.7M | CNY -465.0M |
| FY2020 | CNY 261.3M | CNY -2.2B |
| FY2019 | CNY 442.7M | CNY 1.8B |
| FY2018 | CNY 371.7M | CNY 716.0M |
| FY2017 | CNY 273.5M | CNY 1.2B |
| FY2016 | CNY 266.0M | CNY 782.0M |