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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and ALBANY INTERNATIONAL CORP (AIN). Click either name above to swap in a different company.
ALBANY INTERNATIONAL CORP is the larger business by last-quarter revenue ($321.2M vs $259.0M, roughly 1.2× ASHFORD HOSPITALITY TRUST INC). ALBANY INTERNATIONAL CORP runs the higher net margin — 4.3% vs -26.8%, a 31.1% gap on every dollar of revenue. On growth, ALBANY INTERNATIONAL CORP posted the faster year-over-year revenue change (12.0% vs -6.0%). ALBANY INTERNATIONAL CORP produced more free cash flow last quarter ($51.4M vs $-86.8M). Over the past eight quarters, ALBANY INTERNATIONAL CORP's revenue compounded faster (1.2% CAGR vs -7.7%).
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.
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
AHT vs AIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $321.2M |
| Net Profit | $-69.3M | $13.9M |
| Gross Margin | — | 31.1% |
| Operating Margin | -2.6% | 9.3% |
| Net Margin | -26.8% | 4.3% |
| Revenue YoY | -6.0% | 12.0% |
| Net Profit YoY | 44.2% | -21.5% |
| EPS (diluted) | $-12.85 | $0.56 |
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 | $259.0M | $321.2M | ||
| Q3 25 | $266.1M | $261.4M | ||
| Q2 25 | $302.0M | $311.4M | ||
| Q1 25 | $277.4M | $288.8M | ||
| Q4 24 | $275.5M | $286.9M | ||
| Q3 24 | $276.6M | $298.4M | ||
| Q2 24 | $316.5M | $332.0M | ||
| Q1 24 | $303.9M | $313.3M |
| Q4 25 | $-69.3M | $13.9M | ||
| Q3 25 | $-60.1M | $-97.8M | ||
| Q2 25 | $-30.4M | $9.2M | ||
| Q1 25 | $-20.0M | $17.4M | ||
| Q4 24 | $-124.2M | $17.7M | ||
| Q3 24 | $-57.9M | $18.0M | ||
| Q2 24 | $50.3M | $24.6M | ||
| Q1 24 | $71.6M | $27.3M |
| Q4 25 | — | 31.1% | ||
| Q3 25 | — | -19.1% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 33.4% | ||
| Q4 24 | — | 31.5% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 33.9% | ||
| Q1 24 | — | 34.7% |
| Q4 25 | -2.6% | 9.3% | ||
| Q3 25 | 4.6% | -44.6% | ||
| Q2 25 | 16.3% | 7.2% | ||
| Q1 25 | 22.2% | 9.8% | ||
| Q4 24 | -17.8% | 8.5% | ||
| Q3 24 | 7.3% | 8.4% | ||
| Q2 24 | 42.8% | 12.9% | ||
| Q1 24 | 50.2% | 12.4% |
| Q4 25 | -26.8% | 4.3% | ||
| Q3 25 | -22.6% | -37.4% | ||
| Q2 25 | -10.1% | 2.9% | ||
| Q1 25 | -7.2% | 6.0% | ||
| Q4 24 | -45.1% | 6.2% | ||
| Q3 24 | -20.9% | 6.0% | ||
| Q2 24 | 15.9% | 7.4% | ||
| Q1 24 | 23.5% | 8.7% |
| Q4 25 | $-12.85 | $0.56 | ||
| Q3 25 | $-11.35 | $-3.37 | ||
| Q2 25 | $-6.88 | $0.31 | ||
| Q1 25 | $-4.91 | $0.56 | ||
| Q4 24 | $-13.64 | $0.57 | ||
| Q3 24 | $-12.39 | $0.57 | ||
| Q2 24 | $2.50 | $0.79 | ||
| Q1 24 | $5.99 | $0.87 |
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 | $112.3M |
| Total DebtLower is stronger | $2.5B | $455.7M |
| Stockholders' EquityBook value | $-626.4M | $726.2M |
| Total Assets | $2.8B | $1.7B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $112.3M | ||
| Q3 25 | $81.9M | $108.3M | ||
| Q2 25 | $100.0M | $106.7M | ||
| Q1 25 | $85.8M | $119.4M | ||
| Q4 24 | $112.9M | $115.3M | ||
| Q3 24 | $119.7M | $127.2M | ||
| Q2 24 | $121.8M | $116.4M | ||
| Q1 24 | $111.1M | $125.4M |
| Q4 25 | $2.5B | $455.7M | ||
| Q3 25 | $2.6B | $480.6M | ||
| Q2 25 | $2.6B | $444.7M | ||
| Q1 25 | $2.7B | $416.4M | ||
| Q4 24 | $2.6B | $318.5M | ||
| Q3 24 | $2.7B | $362.2M | ||
| Q2 24 | $2.8B | $377.1M | ||
| Q1 24 | $2.9B | $439.1M |
| Q4 25 | $-626.4M | $726.2M | ||
| Q3 25 | $-548.7M | $739.3M | ||
| Q2 25 | $-485.5M | $888.6M | ||
| Q1 25 | $-446.1M | $900.0M | ||
| Q4 24 | $-419.2M | $943.5M | ||
| Q3 24 | $-288.4M | $991.0M | ||
| Q2 24 | $-225.9M | $967.5M | ||
| Q1 24 | $-276.8M | $967.5M |
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $3.0B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.3B | $1.8B | ||
| Q1 24 | $3.5B | $1.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.45× |
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 | $-15.7M | $73.7M |
| Free Cash FlowOCF − Capex | $-86.8M | $51.4M |
| FCF MarginFCF / Revenue | -33.5% | 16.0% |
| Capex IntensityCapex / Revenue | 27.5% | 6.9% |
| Cash ConversionOCF / Net Profit | — | 5.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $82.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $73.7M | ||
| Q3 25 | $5.5M | $43.9M | ||
| Q2 25 | $16.3M | $32.7M | ||
| Q1 25 | $-25.0M | $2.1M | ||
| Q4 24 | $-23.6M | $78.5M | ||
| Q3 24 | $795.0K | $47.0M | ||
| Q2 24 | $8.0M | $83.4M | ||
| Q1 24 | $-46.5M | $9.6M |
| Q4 25 | $-86.8M | $51.4M | ||
| Q3 25 | $-226.0K | $25.9M | ||
| Q2 25 | $-3.6M | $18.8M | ||
| Q1 25 | $-44.8M | $-13.5M | ||
| Q4 24 | $-131.6M | $60.2M | ||
| Q3 24 | $-21.8M | $31.6M | ||
| Q2 24 | $-22.9M | $63.6M | ||
| Q1 24 | $-80.4M | $-17.3M |
| Q4 25 | -33.5% | 16.0% | ||
| Q3 25 | -0.1% | 9.9% | ||
| Q2 25 | -1.2% | 6.0% | ||
| Q1 25 | -16.2% | -4.7% | ||
| Q4 24 | -47.8% | 21.0% | ||
| Q3 24 | -7.9% | 10.6% | ||
| Q2 24 | -7.2% | 19.2% | ||
| Q1 24 | -26.5% | -5.5% |
| Q4 25 | 27.5% | 6.9% | ||
| Q3 25 | 2.1% | 6.9% | ||
| Q2 25 | 6.6% | 4.5% | ||
| Q1 25 | 7.2% | 5.4% | ||
| Q4 24 | 39.2% | 6.4% | ||
| Q3 24 | 8.2% | 5.2% | ||
| Q2 24 | 9.8% | 6.0% | ||
| Q1 24 | 11.2% | 8.6% |
| Q4 25 | — | 5.31× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.56× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 4.44× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | 0.16× | 3.39× | ||
| Q1 24 | -0.65× | 0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
