GreenTree Hospitality Group Ltd. (GHG) Revenue History
Annual and quarterly revenue from 2015 to present
GHG Revenue Over Time (2015–2025)
GHG Revenue Growth History
6 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +2.1%
- FY2017 revenue growth
- +20.1%
- FY2018 revenue growth
- +21.4%
- FY2019 revenue growth
- +15.5%
- FY2020 revenue growth
- -14.8%
- FY2021 revenue growth
- +111.6%
- FY2022 revenue growth
- -52.0%
- FY2023 revenue growth
- +72.2%
- FY2024 revenue growth
- -17.4%
- FY2025 revenue growth
- -18.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $214.7M | -29.5% |
| Q3 2025 | $303.6M | -15.0% |
| Q2 2025 | $292.5M | -11.3% |
| Q1 2025 | $292.5M | -16.9% |
| Q4 2024 | $304.5M | -18.2% |
| Q3 2024 | $357.0M | -10.7% |
| Q2 2024 | $329.7M | -20.5% |
| Q1 2024 | $352.2M | -7.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
GHG's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
GHG Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 28, 2026, GreenTree Hospitality Group Ltd. (GHG) generated trailing twelve-month (TTM) revenue of $1.10 billion, reflecting significant decline in growth of -29.5% year-over-year. The most recent quarter (Q4 2025) recorded $214.7 million in revenue, down 29.3% sequentially.
Historical Growth Trajectory
GHG's 5-year compound annual growth rate (CAGR) stands at +3.4%, indicating moderate growth over time. The 3-year CAGR of +5.1% exceeds the 5-year average, indicating an acceleration in the most recent period. GreenTree Hospitality Group Ltd.'s highest annual revenue of $1.97 billion was recorded in 2021.
Revenue by Segment
GHG's revenue is primarily driven by Initial Franchise Fee (43%), Membership Fees (32%), and Greentree Reward Membership Program (15%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Consumer Cyclical sector peers — including H (+93.6% YoY), HLT (+8.7% YoY), and MAR (+4.7% YoY) — GHG has underperformed the peer group in revenue growth. Compare GHG vs H →
GHG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GHGCurrent | $1.1B | -29.5% | +3.4% | 12.8% | |
 H | $7.2B | +93.6% | +55.8% | 7.8% | |
 HLT | $12.0B | +8.7% | +22.8% | 22.4% | |
 MAR | $26.2B | +4.7% | +19.9% | 15.8% | |
 WH | $1.4B | +1.6% | +1.9% | 28.4% | |
 CHH | $1.6B | +1.2% | +15.6% | 28.4% |
GHG Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.10B | -18.3% | $383.0M | 34.9% | $140.5M | 12.8% |
| 2024 | $1.34B | -17.4% | $520.9M | 38.8% | $161.9M | 12.1% |
| 2023 | $1.63B | +72.2% | $679.8M | 41.8% | $335.6M | 20.6% |
| 2022 | $945.1M | -52.0% | $351.1M | 37.2% | $-486,529,830 | -51.5% |
| 2021 | $1.97B | +111.6% | $554.8M | 28.2% | $129.2M | 6.6% |
| 2020 | $930.0M | -14.8% | $537.5M | 57.8% | $319.3M | 34.3% |
| 2019 | $1.09B | +15.5% | $753.0M | 69.0% | $504.6M | 46.2% |
| 2018 | $945.0M | +21.4% | $664.1M | 70.3% | $535.0M | 56.6% |
| 2017 | $778.1M | +20.1% | $544.5M | 70.0% | $387.5M | 49.8% |
| 2016 | $647.8M | +2.1% | $407.7M | 62.9% | $312.3M | 48.2% |
| 2015 | $634.7M | - | $370.4M | 58.4% | $287.8M | 45.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
GHG — Frequently Asked Questions
Quick answers to the most common questions about buying GHG stock.
Is GHG's revenue growth accelerating or slowing?
GHG revenue is declining -29.5% year-over-year. TTM revenue fell to $1.1B, contrasting with the 5-year CAGR of +3.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is GHG's revenue history from 2015 to 2026?
GreenTree Hospitality Group Ltd. (GHG) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $1.1B, growing at -29.5% YoY. The 5-year CAGR is +3.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GHG's long-term revenue growth rate (CAGR)?
GreenTree Hospitality Group Ltd.'s 5-year revenue CAGR of +3.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -29.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GHG.
Why does GHG's quarterly revenue fluctuate?
GHG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. GreenTree Hospitality Group Ltd.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is GHG's revenue distributed by segment?
GHG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GHG's revenue compare to industry peers?
GreenTree Hospitality Group Ltd. (GHG) with TTM revenue of $1.1B and -29.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.