GreenTree Hospitality (GHG) Operating Expenses (2017 - 2025)

GreenTree Hospitality (GHG) recorded quarterly Operating Expenses of -$50.4 million in Q4 2025, down 48.95% quarter-over-quarter from -$33.9 million in Q3 2025, and up 10.74% on a YoY basis from -$45.5 million in Q4 2024.

GreenTree Hospitality (GHG) Operating Expenses (2017 - 2025) Analysis & Trends

GreenTree Hospitality's Operating Expenses history runs 9 years deep, the most recent figure standing at -$50.4 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 10.74% year-over-year to -$50.4 million; the TTM figure through Dec 2025 stood at -$140.8 million (up 18.22% YoY), while the FY2025 annual figure was -$159.9 million, down 2623.03% from the prior year.
  • Operating Expenses was -$50.4 million for Q4 2025 at GreenTree Hospitality, down from -$33.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$30.2 million in Q1 2021 to a low of -$70.1 million in Q4 2022.
  • Historically, Operating Expenses has averaged -$45.6 million across 5 years, with a median of -$43.8 million in 2021.
  • The sharpest annual moves came in 2021 and 2023: Operating Expenses sank 83.39% in 2021, then climbed 27.55% in 2023.
  • A 5-year view of Operating Expenses shows it stood at -$43.2 million in 2021, then tumbled by 62.35% to -$70.1 million in 2022, then gained by 27.55% to -$50.8 million in 2023, then fell by 11.28% to -$56.5 million in 2024, then advanced by 10.74% to -$50.4 million in 2025.
  • The last three Operating Expenses figures came in at -$50.4 million (Q4 2025), -$33.9 million (Q3 2025), and -$56.5 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marriott International 106.28 Bn 105.82 Bn 6.38 Bn 5.59 Bn
2 Hilton Worldwide Holdings 80.50 Bn 79.97 Bn - 2.26 Bn
3 Intercontinental Hotels 26.35 Bn 25.21 Bn - -
4 Hyatt Hotels 18.67 Bn 18.32 Bn 1.75 Bn 1.63 Bn
5 Wyndham Hotels & Resorts 6.42 Bn 6.34 Bn 302.00 Mn 213.00 Mn
6 Choice Hotels International 5.30 Bn 5.26 Bn 316.92 Mn 280.54 Mn
7 Atour Lifestyle Holdings 2.06 Bn -359.74 Bn 241.80 Mn -324.67 Mn
8 Civeo 370.36 Mn 353.81 Mn 40.16 Mn 169.54 Mn
9 GreenTree Hospitality 5.49 Mn -227.74 Mn 26.57 Mn -50.43 Mn
10 H World 1,693.88 -1.44 Bn 824.36 Mn -656.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -50.43 Mn
Sep 30, 2025 -33.86 Mn
Dec 31, 2024 -56.50 Mn
Sep 30, 2024 -37.80 Mn
Jun 30, 2024 -38.78 Mn
Mar 31, 2024 -39.08 Mn
Dec 31, 2023 -50.77 Mn
Sep 30, 2023 -44.44 Mn
Jun 30, 2023 -46.81 Mn
Mar 31, 2023 -48.25 Mn
Dec 31, 2022 -70.08 Mn
Sep 30, 2022 -59.61 Mn
Dec 31, 2021 -43.16 Mn
Sep 30, 2021 -40.16 Mn
Jun 30, 2021 -40.26 Mn
Mar 31, 2021 -30.17 Mn
Dec 31, 2020 -26.83 Mn
Sep 30, 2020 -25.70 Mn
Jun 30, 2020 -21.95 Mn
Mar 31, 2020 -19.42 Mn