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.
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. "·" marks a figure not available in our data.
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 6.7B |
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 |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 24,209,646,607 | HTHT |
| FY2024 | −CNY 22,547,559,804 | HTHT |
| FY2023 | −CNY 20,254,742,311 | HTHT |
| FY2022 | −CNY 12,392,925,725 | HTHT |
| FY2021 | −CNY 10,817,184,981 | HTHT |
| FY2020 | −CNY 9,265,989,904 | HTHT |
| FY2019 | −CNY 10,120,206,865 | HTHT |
| FY2018 | −CNY 9,157,385,331 | HTHT |
| FY2017 | −CNY 7,485,824,601 | HTHT |
| FY2016 | −CNY 6,041,211,393 | HTHT |
HTHT has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 16 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.3 pp | HTHT |
| FY2024 | −5.0 pp | HTHT |
| FY2023 | −2.9 pp | HTHT |
| FY2022 | −18.1 pp | HTHT |
| FY2021 | +8.0 pp | GHG |
| FY2020 | +47.9 pp | GHG |
| FY2019 | +24.4 pp | GHG |
| FY2018 | +33.8 pp | GHG |
| FY2017 | +21.8 pp | GHG |
| FY2016 | +29.5 pp | GHG |
The higher net margin has changed hands between GHG and HTHT over this period.
10 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GHG's net margin has been more volatile than HTHT's over the 10 comparable fiscal years — 21.6 percentage points of standard deviation against 13.6.
10 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GHG and HTHT over these 10 fiscal years — GHG led in 6 and HTHT in 4.
10 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTHT's return on equity has been more volatile than GHG's over the 10 comparable fiscal years — 21.1 percentage points of standard deviation against 15.8.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GHG and HTHT over these 10 fiscal years — GHG led in 5 and HTHT in 5.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.