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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and AeroVironment Inc (AVAV). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $259.0M, roughly 1.8× ASHFORD HOSPITALITY TRUST INC). AeroVironment Inc runs the higher net margin — -3.6% vs -26.8%, a 23.1% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs -6.0%). AeroVironment Inc produced more free cash flow last quarter ($-55.9M vs $-86.8M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% 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.
AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
AHT vs AVAV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $472.5M |
| Net Profit | $-69.3M | $-17.1M |
| Gross Margin | — | 22.0% |
| Operating Margin | -2.6% | -6.4% |
| Net Margin | -26.8% | -3.6% |
| Revenue YoY | -6.0% | 181.9% |
| Net Profit YoY | 44.2% | -875.1% |
| EPS (diluted) | $-12.85 | $-0.34 |
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 | $472.5M | ||
| Q3 25 | $266.1M | $454.7M | ||
| Q2 25 | $302.0M | $275.1M | ||
| Q1 25 | $277.4M | $167.6M | ||
| Q4 24 | $275.5M | $188.5M | ||
| Q3 24 | $276.6M | $189.5M | ||
| Q2 24 | $316.5M | $197.0M | ||
| Q1 24 | $303.9M | $186.6M |
| Q4 25 | $-69.3M | $-17.1M | ||
| Q3 25 | $-60.1M | $-67.4M | ||
| Q2 25 | $-30.4M | $16.7M | ||
| Q1 25 | $-20.0M | $-1.8M | ||
| Q4 24 | $-124.2M | $7.5M | ||
| Q3 24 | $-57.9M | $21.2M | ||
| Q2 24 | $50.3M | $6.0M | ||
| Q1 24 | $71.6M | $13.9M |
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 39.1% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 38.4% | ||
| Q1 24 | — | 36.1% |
| Q4 25 | -2.6% | -6.4% | ||
| Q3 25 | 4.6% | -15.2% | ||
| Q2 25 | 16.3% | 5.0% | ||
| Q1 25 | 22.2% | -1.8% | ||
| Q4 24 | -17.8% | 3.7% | ||
| Q3 24 | 7.3% | 12.2% | ||
| Q2 24 | 42.8% | 3.0% | ||
| Q1 24 | 50.2% | 7.7% |
| Q4 25 | -26.8% | -3.6% | ||
| Q3 25 | -22.6% | -14.8% | ||
| Q2 25 | -10.1% | 6.1% | ||
| Q1 25 | -7.2% | -1.0% | ||
| Q4 24 | -45.1% | 4.0% | ||
| Q3 24 | -20.9% | 11.2% | ||
| Q2 24 | 15.9% | 3.1% | ||
| Q1 24 | 23.5% | 7.4% |
| Q4 25 | $-12.85 | $-0.34 | ||
| Q3 25 | $-11.35 | $-1.44 | ||
| Q2 25 | $-6.88 | $0.59 | ||
| Q1 25 | $-4.91 | $-0.06 | ||
| Q4 24 | $-13.64 | $0.27 | ||
| Q3 24 | $-12.39 | $0.75 | ||
| Q2 24 | $2.50 | $0.18 | ||
| Q1 24 | $5.99 | $0.50 |
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 | $588.5M |
| Total DebtLower is stronger | $2.5B | $747.5M |
| Stockholders' EquityBook value | $-626.4M | $4.4B |
| Total Assets | $2.8B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $588.5M | ||
| Q3 25 | $81.9M | $685.8M | ||
| Q2 25 | $100.0M | $40.9M | ||
| Q1 25 | $85.8M | $47.0M | ||
| Q4 24 | $112.9M | $69.0M | ||
| Q3 24 | $119.7M | $81.2M | ||
| Q2 24 | $121.8M | $73.3M | ||
| Q1 24 | $111.1M | $107.7M |
| Q4 25 | $2.5B | $747.5M | ||
| Q3 25 | $2.6B | $747.5M | ||
| Q2 25 | $2.6B | $30.0M | ||
| Q1 25 | $2.7B | $25.0M | ||
| Q4 24 | $2.6B | $15.0M | ||
| Q3 24 | $2.7B | $17.5M | ||
| Q2 24 | $2.8B | $28.0M | ||
| Q1 24 | $2.9B | $40.0M |
| Q4 25 | $-626.4M | $4.4B | ||
| Q3 25 | $-548.7M | $4.4B | ||
| Q2 25 | $-485.5M | $886.5M | ||
| Q1 25 | $-446.1M | $861.1M | ||
| Q4 24 | $-419.2M | $858.4M | ||
| Q3 24 | $-288.4M | $845.5M | ||
| Q2 24 | $-225.9M | $822.7M | ||
| Q1 24 | $-276.8M | $813.0M |
| Q4 25 | $2.8B | $5.6B | ||
| Q3 25 | $3.0B | $5.6B | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.3B | $999.2M | ||
| Q2 24 | $3.3B | $1.0B | ||
| Q1 24 | $3.5B | $980.3M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.05× |
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 | $-45.1M |
| Free Cash FlowOCF − Capex | $-86.8M | $-55.9M |
| FCF MarginFCF / Revenue | -33.5% | -11.8% |
| Capex IntensityCapex / Revenue | 27.5% | 2.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $-240.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $-45.1M | ||
| Q3 25 | $5.5M | $-123.7M | ||
| Q2 25 | $16.3M | $-264.0K | ||
| Q1 25 | $-25.0M | $-25.8M | ||
| Q4 24 | $-23.6M | $-3.6M | ||
| Q3 24 | $795.0K | $28.4M | ||
| Q2 24 | $8.0M | $-11.7M | ||
| Q1 24 | $-46.5M | $52.6M |
| Q4 25 | $-86.8M | $-55.9M | ||
| Q3 25 | $-226.0K | $-146.5M | ||
| Q2 25 | $-3.6M | $-8.8M | ||
| Q1 25 | $-44.8M | $-29.6M | ||
| Q4 24 | $-131.6M | $-8.7M | ||
| Q3 24 | $-21.8M | $22.9M | ||
| Q2 24 | $-22.9M | $-20.8M | ||
| Q1 24 | $-80.4M | $48.8M |
| Q4 25 | -33.5% | -11.8% | ||
| Q3 25 | -0.1% | -32.2% | ||
| Q2 25 | -1.2% | -3.2% | ||
| Q1 25 | -16.2% | -17.7% | ||
| Q4 24 | -47.8% | -4.6% | ||
| Q3 24 | -7.9% | 12.1% | ||
| Q2 24 | -7.2% | -10.5% | ||
| Q1 24 | -26.5% | 26.1% |
| Q4 25 | 27.5% | 2.3% | ||
| Q3 25 | 2.1% | 5.0% | ||
| Q2 25 | 6.6% | 3.1% | ||
| Q1 25 | 7.2% | 2.3% | ||
| Q4 24 | 39.2% | 2.7% | ||
| Q3 24 | 8.2% | 2.9% | ||
| Q2 24 | 9.8% | 4.6% | ||
| Q1 24 | 11.2% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.48× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | 0.16× | -1.93× | ||
| Q1 24 | -0.65× | 3.79× |
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% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
