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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Ascendis Pharma A/S (ASND). Click either name above to swap in a different company.

Ascendis Pharma A/S is the larger business by last-quarter revenue ($267.3M vs $259.0M, roughly 1.0× ASHFORD HOSPITALITY TRUST INC). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs -6.0%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% 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.

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

AHT vs ASND — Head-to-Head

Bigger by revenue
ASND
ASND
1.0× larger
ASND
$267.3M
$259.0M
AHT
Growing faster (revenue YoY)
ASND
ASND
+48.3% gap
ASND
42.3%
-6.0%
AHT
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
-7.7%
AHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHT
AHT
ASND
ASND
Revenue
$259.0M
$267.3M
Net Profit
$-69.3M
Gross Margin
90.5%
Operating Margin
-2.6%
Net Margin
-26.8%
Revenue YoY
-6.0%
42.3%
Net Profit YoY
44.2%
EPS (diluted)
$-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.

Revenue
AHT
AHT
ASND
ASND
Q4 25
$259.0M
$267.3M
Q3 25
$266.1M
$230.7M
Q2 25
$302.0M
$170.7M
Q1 25
$277.4M
$109.0M
Q4 24
$275.5M
$187.8M
Q3 24
$276.6M
$62.5M
Q2 24
$316.5M
$38.9M
Q1 24
$303.9M
$103.6M
Net Profit
AHT
AHT
ASND
ASND
Q4 25
$-69.3M
Q3 25
$-60.1M
$-65.9M
Q2 25
$-30.4M
$-42.0M
Q1 25
$-20.0M
$-102.2M
Q4 24
$-124.2M
Q3 24
$-57.9M
$-107.1M
Q2 24
$50.3M
$-118.1M
Q1 24
$71.6M
$-141.5M
Gross Margin
AHT
AHT
ASND
ASND
Q4 25
90.5%
Q3 25
89.5%
Q2 25
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
Q1 24
92.1%
Operating Margin
AHT
AHT
ASND
ASND
Q4 25
-2.6%
Q3 25
4.6%
5.1%
Q2 25
16.3%
-33.5%
Q1 25
22.2%
-103.2%
Q4 24
-17.8%
Q3 24
7.3%
-167.3%
Q2 24
42.8%
-370.2%
Q1 24
50.2%
-51.2%
Net Margin
AHT
AHT
ASND
ASND
Q4 25
-26.8%
Q3 25
-22.6%
-28.5%
Q2 25
-10.1%
-24.6%
Q1 25
-7.2%
-93.7%
Q4 24
-45.1%
Q3 24
-20.9%
-171.5%
Q2 24
15.9%
-303.9%
Q1 24
23.5%
-136.6%
EPS (diluted)
AHT
AHT
ASND
ASND
Q4 25
$-12.85
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
ASND
ASND
Cash + ST InvestmentsLiquidity on hand
$66.1M
$665.3M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$-626.4M
$-175.8M
Total Assets
$2.8B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
ASND
ASND
Q4 25
$66.1M
$665.3M
Q3 25
$81.9M
$582.2M
Q2 25
$100.0M
$533.6M
Q1 25
$85.8M
$559.4M
Q4 24
$112.9M
$604.3M
Q3 24
$119.7M
$675.6M
Q2 24
$121.8M
$279.4M
Q1 24
$111.1M
$345.9M
Total Debt
AHT
AHT
ASND
ASND
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
ASND
ASND
Q4 25
$-626.4M
$-175.8M
Q3 25
$-548.7M
$-188.0M
Q2 25
$-485.5M
$-202.6M
Q1 25
$-446.1M
$-205.0M
Q4 24
$-419.2M
$-114.2M
Q3 24
$-288.4M
$-105.1M
Q2 24
$-225.9M
$-346.8M
Q1 24
$-276.8M
$-257.2M
Total Assets
AHT
AHT
ASND
ASND
Q4 25
$2.8B
$1.4B
Q3 25
$3.0B
$1.2B
Q2 25
$3.1B
$1.2B
Q1 25
$3.1B
$1.1B
Q4 24
$3.2B
$1.3B
Q3 24
$3.3B
$1.2B
Q2 24
$3.3B
$819.0M
Q1 24
$3.5B
$866.7M

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
ASND
ASND
Operating Cash FlowLast quarter
$-15.7M
$58.2M
Free Cash FlowOCF − Capex
$-86.8M
FCF MarginFCF / Revenue
-33.5%
Capex IntensityCapex / Revenue
27.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-135.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
ASND
ASND
Q4 25
$-15.7M
$58.2M
Q3 25
$5.5M
Q2 25
$16.3M
Q1 25
$-25.0M
$-15.5M
Q4 24
$-23.6M
$-330.7M
Q3 24
$795.0K
Q2 24
$8.0M
Q1 24
$-46.5M
$-109.7M
Free Cash Flow
AHT
AHT
ASND
ASND
Q4 25
$-86.8M
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
ASND
ASND
Q4 25
-33.5%
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
ASND
ASND
Q4 25
27.5%
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
ASND
ASND
Q4 25
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%

ASND
ASND

Segment breakdown not available.

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