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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Arhaus, Inc. (ARHS). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $259.0M, roughly 1.4× ASHFORD HOSPITALITY TRUST INC). Arhaus, Inc. runs the higher net margin — 4.1% vs -26.8%, a 30.9% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -6.0%). Arhaus, Inc. produced more free cash flow last quarter ($-8.8M vs $-86.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% 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.
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
AHT vs ARHS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $364.8M |
| Net Profit | $-69.3M | $15.1M |
| Gross Margin | — | 38.1% |
| Operating Margin | -2.6% | 5.6% |
| Net Margin | -26.8% | 4.1% |
| Revenue YoY | -6.0% | 5.1% |
| Net Profit YoY | 44.2% | -29.1% |
| EPS (diluted) | $-12.85 | $0.11 |
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 | $364.8M | ||
| Q3 25 | $266.1M | $344.6M | ||
| Q2 25 | $302.0M | $358.4M | ||
| Q1 25 | $277.4M | $311.4M | ||
| Q4 24 | $275.5M | $347.0M | ||
| Q3 24 | $276.6M | $319.1M | ||
| Q2 24 | $316.5M | $309.8M | ||
| Q1 24 | $303.9M | $295.2M |
| Q4 25 | $-69.3M | $15.1M | ||
| Q3 25 | $-60.1M | $12.2M | ||
| Q2 25 | $-30.4M | $35.1M | ||
| Q1 25 | $-20.0M | $4.9M | ||
| Q4 24 | $-124.2M | $21.3M | ||
| Q3 24 | $-57.9M | $9.9M | ||
| Q2 24 | $50.3M | $22.2M | ||
| Q1 24 | $71.6M | $15.1M |
| Q4 25 | — | 38.1% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 41.4% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 40.0% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 40.1% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -2.6% | 5.6% | ||
| Q3 25 | 4.6% | 4.8% | ||
| Q2 25 | 16.3% | 13.0% | ||
| Q1 25 | 22.2% | 1.7% | ||
| Q4 24 | -17.8% | 8.2% | ||
| Q3 24 | 7.3% | 3.3% | ||
| Q2 24 | 42.8% | 9.5% | ||
| Q1 24 | 50.2% | 6.2% |
| Q4 25 | -26.8% | 4.1% | ||
| Q3 25 | -22.6% | 3.5% | ||
| Q2 25 | -10.1% | 9.8% | ||
| Q1 25 | -7.2% | 1.6% | ||
| Q4 24 | -45.1% | 6.1% | ||
| Q3 24 | -20.9% | 3.1% | ||
| Q2 24 | 15.9% | 7.2% | ||
| Q1 24 | 23.5% | 5.1% |
| Q4 25 | $-12.85 | $0.11 | ||
| Q3 25 | $-11.35 | $0.09 | ||
| Q2 25 | $-6.88 | $0.25 | ||
| Q1 25 | $-4.91 | $0.03 | ||
| Q4 24 | $-13.64 | $0.15 | ||
| Q3 24 | $-12.39 | $0.07 | ||
| Q2 24 | $2.50 | $0.16 | ||
| Q1 24 | $5.99 | $0.11 |
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 | $253.4M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $418.2M |
| Total Assets | $2.8B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $253.4M | ||
| Q3 25 | $81.9M | $262.2M | ||
| Q2 25 | $100.0M | $234.8M | ||
| Q1 25 | $85.8M | $214.4M | ||
| Q4 24 | $112.9M | $197.5M | ||
| Q3 24 | $119.7M | $177.7M | ||
| Q2 24 | $121.8M | $174.2M | ||
| Q1 24 | $111.1M | $233.2M |
| 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 | $-626.4M | $418.2M | ||
| Q3 25 | $-548.7M | $400.4M | ||
| Q2 25 | $-485.5M | $385.6M | ||
| Q1 25 | $-446.1M | $348.8M | ||
| Q4 24 | $-419.2M | $343.7M | ||
| Q3 24 | $-288.4M | $320.6M | ||
| Q2 24 | $-225.9M | $309.3M | ||
| Q1 24 | $-276.8M | $285.6M |
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.5B | $1.2B |
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 | $9.3M |
| Free Cash FlowOCF − Capex | $-86.8M | $-8.8M |
| FCF MarginFCF / Revenue | -33.5% | -2.4% |
| Capex IntensityCapex / Revenue | 27.5% | 5.0% |
| Cash ConversionOCF / Net Profit | — | 0.62× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $59.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $9.3M | ||
| Q3 25 | $5.5M | $46.1M | ||
| Q2 25 | $16.3M | $34.9M | ||
| Q1 25 | $-25.0M | $46.5M | ||
| Q4 24 | $-23.6M | $31.7M | ||
| Q3 24 | $795.0K | $31.1M | ||
| Q2 24 | $8.0M | $47.5M | ||
| Q1 24 | $-46.5M | $36.8M |
| Q4 25 | $-86.8M | $-8.8M | ||
| Q3 25 | $-226.0K | $28.0M | ||
| Q2 25 | $-3.6M | $20.9M | ||
| Q1 25 | $-44.8M | $18.9M | ||
| Q4 24 | $-131.6M | $13.0M | ||
| Q3 24 | $-21.8M | $4.6M | ||
| Q2 24 | $-22.9M | $11.3M | ||
| Q1 24 | $-80.4M | $10.9M |
| Q4 25 | -33.5% | -2.4% | ||
| Q3 25 | -0.1% | 8.1% | ||
| Q2 25 | -1.2% | 5.8% | ||
| Q1 25 | -16.2% | 6.1% | ||
| Q4 24 | -47.8% | 3.7% | ||
| Q3 24 | -7.9% | 1.4% | ||
| Q2 24 | -7.2% | 3.6% | ||
| Q1 24 | -26.5% | 3.7% |
| Q4 25 | 27.5% | 5.0% | ||
| Q3 25 | 2.1% | 5.3% | ||
| Q2 25 | 6.6% | 3.9% | ||
| Q1 25 | 7.2% | 8.9% | ||
| Q4 24 | 39.2% | 5.4% | ||
| Q3 24 | 8.2% | 8.3% | ||
| Q2 24 | 9.8% | 11.7% | ||
| Q1 24 | 11.2% | 8.8% |
| Q4 25 | — | 0.62× | ||
| Q3 25 | — | 3.77× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 9.53× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 3.14× | ||
| Q2 24 | 0.16× | 2.14× | ||
| Q1 24 | -0.65× | 2.44× |
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% |
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
