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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and ASHFORD HOSPITALITY TRUST INC (AHT). Click either name above to swap in a different company.
ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $259.0M, roughly 1.4× ASHFORD HOSPITALITY TRUST INC). ALLIANCE ENTERTAINMENT HOLDING CORP runs the higher net margin — 2.5% vs -26.8%, a 29.3% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -6.3%). ALLIANCE ENTERTAINMENT HOLDING CORP produced more free cash flow last quarter ($-16.9M vs $-86.8M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs -7.7%).
Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.
Ashford Hospitality Trust Inc is a U.S.-headquartered real estate investment trust focused on upper-upscale full-service hotel properties across key U.S. urban, suburban and resort markets. Its portfolio holds assets under top global hospitality brands, serving business and leisure travelers, with a focus on long-term value growth and stable shareholder returns.
AENT vs AHT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $259.0M |
| Net Profit | $9.4M | $-69.3M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | -2.6% |
| Net Margin | 2.5% | -26.8% |
| Revenue YoY | -6.3% | -6.0% |
| Net Profit YoY | 32.8% | 44.2% |
| EPS (diluted) | $0.18 | $-12.85 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $368.7M | $259.0M | ||
| Q3 25 | $254.0M | $266.1M | ||
| Q2 25 | $227.8M | $302.0M | ||
| Q1 25 | $213.0M | $277.4M | ||
| Q4 24 | $393.7M | $275.5M | ||
| Q3 24 | $229.0M | $276.6M | ||
| Q2 24 | $236.9M | $316.5M | ||
| Q1 24 | $211.2M | $303.9M |
| Q4 25 | $9.4M | $-69.3M | ||
| Q3 25 | $4.9M | $-60.1M | ||
| Q2 25 | $5.8M | $-30.4M | ||
| Q1 25 | $1.9M | $-20.0M | ||
| Q4 24 | $7.1M | $-124.2M | ||
| Q3 24 | $397.0K | $-57.9M | ||
| Q2 24 | $2.5M | $50.3M | ||
| Q1 24 | $-3.4M | $71.6M |
| Q4 25 | 4.7% | -2.6% | ||
| Q3 25 | 4.2% | 4.6% | ||
| Q2 25 | 4.3% | 16.3% | ||
| Q1 25 | 1.7% | 22.2% | ||
| Q4 24 | 3.8% | -17.8% | ||
| Q3 24 | 0.9% | 7.3% | ||
| Q2 24 | 0.2% | 42.8% | ||
| Q1 24 | -0.3% | 50.2% |
| Q4 25 | 2.5% | -26.8% | ||
| Q3 25 | 1.9% | -22.6% | ||
| Q2 25 | 2.5% | -10.1% | ||
| Q1 25 | 0.9% | -7.2% | ||
| Q4 24 | 1.8% | -45.1% | ||
| Q3 24 | 0.2% | -20.9% | ||
| Q2 24 | 1.1% | 15.9% | ||
| Q1 24 | -1.6% | 23.5% |
| Q4 25 | $0.18 | $-12.85 | ||
| Q3 25 | $0.10 | $-11.35 | ||
| Q2 25 | $0.11 | $-6.88 | ||
| Q1 25 | $0.04 | $-4.91 | ||
| Q4 24 | $0.14 | $-13.64 | ||
| Q3 24 | $0.01 | $-12.39 | ||
| Q2 24 | $0.05 | $2.50 | ||
| Q1 24 | $-0.07 | $5.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $66.1M |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | $117.6M | $-626.4M |
| Total Assets | $434.1M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.1M | ||
| Q3 25 | — | $81.9M | ||
| Q2 25 | — | $100.0M | ||
| Q1 25 | — | $85.8M | ||
| Q4 24 | — | $112.9M | ||
| Q3 24 | $4.3M | $119.7M | ||
| Q2 24 | $1.1M | $121.8M | ||
| Q1 24 | $1.6M | $111.1M |
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $117.6M | $-626.4M | ||
| Q3 25 | $108.1M | $-548.7M | ||
| Q2 25 | $103.2M | $-485.5M | ||
| Q1 25 | $97.4M | $-446.1M | ||
| Q4 24 | $95.6M | $-419.2M | ||
| Q3 24 | $88.0M | $-288.4M | ||
| Q2 24 | $87.6M | $-225.9M | ||
| Q1 24 | $85.1M | $-276.8M |
| Q4 25 | $434.1M | $2.8B | ||
| Q3 25 | $383.0M | $3.0B | ||
| Q2 25 | $361.2M | $3.1B | ||
| Q1 25 | $349.4M | $3.1B | ||
| Q4 24 | $401.7M | $3.2B | ||
| Q3 24 | $395.7M | $3.3B | ||
| Q2 24 | $340.8M | $3.3B | ||
| Q1 24 | $324.0M | $3.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $-15.7M |
| Free Cash FlowOCF − Capex | $-16.9M | $-86.8M |
| FCF MarginFCF / Revenue | -4.6% | -33.5% |
| Capex IntensityCapex / Revenue | 0.1% | 27.5% |
| Cash ConversionOCF / Net Profit | -1.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4M | $-135.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $-15.7M | ||
| Q3 25 | $2.7M | $5.5M | ||
| Q2 25 | $10.7M | $16.3M | ||
| Q1 25 | $2.5M | $-25.0M | ||
| Q4 24 | $25.3M | $-23.6M | ||
| Q3 24 | $-11.6M | $795.0K | ||
| Q2 24 | $9.7M | $8.0M | ||
| Q1 24 | $20.0M | $-46.5M |
| Q4 25 | $-16.9M | $-86.8M | ||
| Q3 25 | $2.4M | $-226.0K | ||
| Q2 25 | $10.7M | $-3.6M | ||
| Q1 25 | $2.4M | $-44.8M | ||
| Q4 24 | — | $-131.6M | ||
| Q3 24 | $-11.6M | $-21.8M | ||
| Q2 24 | — | $-22.9M | ||
| Q1 24 | $20.0M | $-80.4M |
| Q4 25 | -4.6% | -33.5% | ||
| Q3 25 | 0.9% | -0.1% | ||
| Q2 25 | 4.7% | -1.2% | ||
| Q1 25 | 1.1% | -16.2% | ||
| Q4 24 | — | -47.8% | ||
| Q3 24 | -5.1% | -7.9% | ||
| Q2 24 | — | -7.2% | ||
| Q1 24 | 9.4% | -26.5% |
| Q4 25 | 0.1% | 27.5% | ||
| Q3 25 | 0.1% | 2.1% | ||
| Q2 25 | 0.0% | 6.6% | ||
| Q1 25 | 0.0% | 7.2% | ||
| Q4 24 | 0.0% | 39.2% | ||
| Q3 24 | 0.0% | 8.2% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | 0.0% | 11.2% |
| Q4 25 | -1.76× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 3.57× | — | ||
| Q3 24 | -29.31× | — | ||
| Q2 24 | 3.85× | 0.16× | ||
| Q1 24 | — | -0.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AENT
Segment breakdown not available.
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
