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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and ARROWHEAD PHARMACEUTICALS, INC. (ARWR). Click either name above to swap in a different company.

ARROWHEAD PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($264.0M vs $259.0M, roughly 1.0× ASHFORD HOSPITALITY TRUST INC). ARROWHEAD PHARMACEUTICALS, INC. runs the higher net margin — 11.7% vs -26.8%, a 38.4% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs -6.0%). ARROWHEAD PHARMACEUTICALS, INC. produced more free cash flow last quarter ($11.3M vs $-86.8M).

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.

Arrowhead Pharmaceuticals, Inc. is a publicly traded biopharmaceutical company based in Pasadena, California. Arrowhead's products in development act through RNA interference (RNAi) mechanisms of action. The company focuses on treatments for hepatitis B, liver disease associated with alpha 1-antitrypsin deficiency and cardiovascular disease.

AHT vs ARWR — Head-to-Head

Bigger by revenue
ARWR
ARWR
1.0× larger
ARWR
$264.0M
$259.0M
AHT
Growing faster (revenue YoY)
ARWR
ARWR
+10467.3% gap
ARWR
10461.3%
-6.0%
AHT
Higher net margin
ARWR
ARWR
38.4% more per $
ARWR
11.7%
-26.8%
AHT
More free cash flow
ARWR
ARWR
$98.2M more FCF
ARWR
$11.3M
$-86.8M
AHT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AHT
AHT
ARWR
ARWR
Revenue
$259.0M
$264.0M
Net Profit
$-69.3M
$30.8M
Gross Margin
Operating Margin
-2.6%
15.5%
Net Margin
-26.8%
11.7%
Revenue YoY
-6.0%
10461.3%
Net Profit YoY
44.2%
117.8%
EPS (diluted)
$-12.85
$0.22

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.

Revenue
AHT
AHT
ARWR
ARWR
Q4 25
$259.0M
$264.0M
Q3 25
$266.1M
Q2 25
$302.0M
Q1 25
$277.4M
Q4 24
$275.5M
Q3 24
$276.6M
Q2 24
$316.5M
Q1 24
$303.9M
Net Profit
AHT
AHT
ARWR
ARWR
Q4 25
$-69.3M
$30.8M
Q3 25
$-60.1M
Q2 25
$-30.4M
Q1 25
$-20.0M
Q4 24
$-124.2M
Q3 24
$-57.9M
Q2 24
$50.3M
Q1 24
$71.6M
Operating Margin
AHT
AHT
ARWR
ARWR
Q4 25
-2.6%
15.5%
Q3 25
4.6%
Q2 25
16.3%
Q1 25
22.2%
Q4 24
-17.8%
Q3 24
7.3%
Q2 24
42.8%
Q1 24
50.2%
Net Margin
AHT
AHT
ARWR
ARWR
Q4 25
-26.8%
11.7%
Q3 25
-22.6%
Q2 25
-10.1%
Q1 25
-7.2%
Q4 24
-45.1%
Q3 24
-20.9%
Q2 24
15.9%
Q1 24
23.5%
EPS (diluted)
AHT
AHT
ARWR
ARWR
Q4 25
$-12.85
$0.22
Q3 25
$-11.35
Q2 25
$-6.88
Q1 25
$-4.91
Q4 24
$-13.64
Q3 24
$-12.39
Q2 24
$2.50
Q1 24
$5.99

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHT
AHT
ARWR
ARWR
Cash + ST InvestmentsLiquidity on hand
$66.1M
$715.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$-626.4M
$568.4M
Total Assets
$2.8B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
ARWR
ARWR
Q4 25
$66.1M
$715.0M
Q3 25
$81.9M
Q2 25
$100.0M
Q1 25
$85.8M
Q4 24
$112.9M
Q3 24
$119.7M
Q2 24
$121.8M
Q1 24
$111.1M
Total Debt
AHT
AHT
ARWR
ARWR
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
Stockholders' Equity
AHT
AHT
ARWR
ARWR
Q4 25
$-626.4M
$568.4M
Q3 25
$-548.7M
Q2 25
$-485.5M
Q1 25
$-446.1M
Q4 24
$-419.2M
Q3 24
$-288.4M
Q2 24
$-225.9M
Q1 24
$-276.8M
Total Assets
AHT
AHT
ARWR
ARWR
Q4 25
$2.8B
$1.6B
Q3 25
$3.0B
Q2 25
$3.1B
Q1 25
$3.1B
Q4 24
$3.2B
Q3 24
$3.3B
Q2 24
$3.3B
Q1 24
$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
AHT
AHT
ARWR
ARWR
Operating Cash FlowLast quarter
$-15.7M
$13.5M
Free Cash FlowOCF − Capex
$-86.8M
$11.3M
FCF MarginFCF / Revenue
-33.5%
4.3%
Capex IntensityCapex / Revenue
27.5%
0.8%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$-135.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
ARWR
ARWR
Q4 25
$-15.7M
$13.5M
Q3 25
$5.5M
Q2 25
$16.3M
Q1 25
$-25.0M
Q4 24
$-23.6M
Q3 24
$795.0K
Q2 24
$8.0M
Q1 24
$-46.5M
Free Cash Flow
AHT
AHT
ARWR
ARWR
Q4 25
$-86.8M
$11.3M
Q3 25
$-226.0K
Q2 25
$-3.6M
Q1 25
$-44.8M
Q4 24
$-131.6M
Q3 24
$-21.8M
Q2 24
$-22.9M
Q1 24
$-80.4M
FCF Margin
AHT
AHT
ARWR
ARWR
Q4 25
-33.5%
4.3%
Q3 25
-0.1%
Q2 25
-1.2%
Q1 25
-16.2%
Q4 24
-47.8%
Q3 24
-7.9%
Q2 24
-7.2%
Q1 24
-26.5%
Capex Intensity
AHT
AHT
ARWR
ARWR
Q4 25
27.5%
0.8%
Q3 25
2.1%
Q2 25
6.6%
Q1 25
7.2%
Q4 24
39.2%
Q3 24
8.2%
Q2 24
9.8%
Q1 24
11.2%
Cash Conversion
AHT
AHT
ARWR
ARWR
Q4 25
0.44×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.16×
Q1 24
-0.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHT
AHT

Occupancy$190.2M73%
Food And Beverage$51.8M20%
Hotel Other$16.6M6%

ARWR
ARWR

Segment breakdown not available.

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