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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and BARRETT BUSINESS SERVICES INC (BBSI). Click either name above to swap in a different company.

BARRETT BUSINESS SERVICES INC is the larger business by last-quarter revenue ($321.1M vs $259.0M, roughly 1.2× ASHFORD HOSPITALITY TRUST INC). BARRETT BUSINESS SERVICES INC runs the higher net margin — 5.1% vs -26.8%, a 31.9% gap on every dollar of revenue. On growth, BARRETT BUSINESS SERVICES INC posted the faster year-over-year revenue change (5.3% vs -6.0%). BARRETT BUSINESS SERVICES INC produced more free cash flow last quarter ($70.6M vs $-86.8M). Over the past eight quarters, BARRETT BUSINESS SERVICES INC's revenue compounded faster (9.9% 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.

Barrett Firearms Manufacturing is an Australian-owned, American manufacturer of firearms and ammunition located in Christiana, Tennessee. It was founded in 1982 by Ronnie G. Barrett for the purpose of building semi-automatic rifles chambered for the .50 BMG ammunition, originally developed for and used in M2 Browning machine guns. Barrett began this work in the early 1980s, and the first working rifles were available in 1982, hence the designation M82. Barrett personally designed every part o...

AHT vs BBSI — Head-to-Head

Bigger by revenue
BBSI
BBSI
1.2× larger
BBSI
$321.1M
$259.0M
AHT
Growing faster (revenue YoY)
BBSI
BBSI
+11.3% gap
BBSI
5.3%
-6.0%
AHT
Higher net margin
BBSI
BBSI
31.9% more per $
BBSI
5.1%
-26.8%
AHT
More free cash flow
BBSI
BBSI
$157.5M more FCF
BBSI
$70.6M
$-86.8M
AHT
Faster 2-yr revenue CAGR
BBSI
BBSI
Annualised
BBSI
9.9%
-7.7%
AHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHT
AHT
BBSI
BBSI
Revenue
$259.0M
$321.1M
Net Profit
$-69.3M
$16.4M
Gross Margin
21.3%
Operating Margin
-2.6%
5.8%
Net Margin
-26.8%
5.1%
Revenue YoY
-6.0%
5.3%
Net Profit YoY
44.2%
-2.4%
EPS (diluted)
$-12.85
$0.63

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
BBSI
BBSI
Q4 25
$259.0M
$321.1M
Q3 25
$266.1M
$318.9M
Q2 25
$302.0M
$307.7M
Q1 25
$277.4M
$292.6M
Q4 24
$275.5M
$304.8M
Q3 24
$276.6M
$294.3M
Q2 24
$316.5M
$279.7M
Q1 24
$303.9M
$265.8M
Net Profit
AHT
AHT
BBSI
BBSI
Q4 25
$-69.3M
$16.4M
Q3 25
$-60.1M
$20.6M
Q2 25
$-30.4M
$18.5M
Q1 25
$-20.0M
$-1.0M
Q4 24
$-124.2M
$16.8M
Q3 24
$-57.9M
$19.6M
Q2 24
$50.3M
$16.7M
Q1 24
$71.6M
$-136.0K
Gross Margin
AHT
AHT
BBSI
BBSI
Q4 25
21.3%
Q3 25
24.1%
Q2 25
23.8%
Q1 25
14.6%
Q4 24
23.4%
Q3 24
25.3%
Q2 24
24.3%
Q1 24
14.9%
Operating Margin
AHT
AHT
BBSI
BBSI
Q4 25
-2.6%
5.8%
Q3 25
4.6%
7.8%
Q2 25
16.3%
7.5%
Q1 25
22.2%
-1.4%
Q4 24
-17.8%
6.8%
Q3 24
7.3%
8.0%
Q2 24
42.8%
7.3%
Q1 24
50.2%
-1.8%
Net Margin
AHT
AHT
BBSI
BBSI
Q4 25
-26.8%
5.1%
Q3 25
-22.6%
6.5%
Q2 25
-10.1%
6.0%
Q1 25
-7.2%
-0.3%
Q4 24
-45.1%
5.5%
Q3 24
-20.9%
6.7%
Q2 24
15.9%
6.0%
Q1 24
23.5%
-0.1%
EPS (diluted)
AHT
AHT
BBSI
BBSI
Q4 25
$-12.85
$0.63
Q3 25
$-11.35
$0.79
Q2 25
$-6.88
$0.70
Q1 25
$-4.91
$-0.04
Q4 24
$-13.64
$0.63
Q3 24
$-12.39
$0.74
Q2 24
$2.50
$0.62
Q1 24
$5.99
$-0.01

Balance Sheet & Financial Strength

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

Metric
AHT
AHT
BBSI
BBSI
Cash + ST InvestmentsLiquidity on hand
$66.1M
$157.2M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$-626.4M
$241.0M
Total Assets
$2.8B
$779.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
BBSI
BBSI
Q4 25
$66.1M
$157.2M
Q3 25
$81.9M
$109.8M
Q2 25
$100.0M
$90.4M
Q1 25
$85.8M
$99.1M
Q4 24
$112.9M
$121.9M
Q3 24
$119.7M
$14.4M
Q2 24
$121.8M
$40.3M
Q1 24
$111.1M
$51.3M
Total Debt
AHT
AHT
BBSI
BBSI
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
BBSI
BBSI
Q4 25
$-626.4M
$241.0M
Q3 25
$-548.7M
$240.1M
Q2 25
$-485.5M
$225.8M
Q1 25
$-446.1M
$213.4M
Q4 24
$-419.2M
$221.4M
Q3 24
$-288.4M
$215.4M
Q2 24
$-225.9M
$199.0M
Q1 24
$-276.8M
$189.6M
Total Assets
AHT
AHT
BBSI
BBSI
Q4 25
$2.8B
$779.1M
Q3 25
$3.0B
$777.9M
Q2 25
$3.1B
$713.6M
Q1 25
$3.1B
$778.6M
Q4 24
$3.2B
$745.5M
Q3 24
$3.3B
$725.8M
Q2 24
$3.3B
$688.6M
Q1 24
$3.5B
$747.8M

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
BBSI
BBSI
Operating Cash FlowLast quarter
$-15.7M
$76.1M
Free Cash FlowOCF − Capex
$-86.8M
$70.6M
FCF MarginFCF / Revenue
-33.5%
22.0%
Capex IntensityCapex / Revenue
27.5%
1.7%
Cash ConversionOCF / Net Profit
4.64×
TTM Free Cash FlowTrailing 4 quarters
$-135.5M
$47.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
BBSI
BBSI
Q4 25
$-15.7M
$76.1M
Q3 25
$5.5M
$38.4M
Q2 25
$16.3M
$-53.8M
Q1 25
$-25.0M
$5.2M
Q4 24
$-23.6M
$53.4M
Q3 24
$795.0K
$-935.0K
Q2 24
$8.0M
$-51.3M
Q1 24
$-46.5M
$9.0M
Free Cash Flow
AHT
AHT
BBSI
BBSI
Q4 25
$-86.8M
$70.6M
Q3 25
$-226.0K
$34.1M
Q2 25
$-3.6M
$-58.2M
Q1 25
$-44.8M
$697.0K
Q4 24
$-131.6M
$50.2M
Q3 24
$-21.8M
$-4.2M
Q2 24
$-22.9M
$-56.3M
Q1 24
$-80.4M
$6.2M
FCF Margin
AHT
AHT
BBSI
BBSI
Q4 25
-33.5%
22.0%
Q3 25
-0.1%
10.7%
Q2 25
-1.2%
-18.9%
Q1 25
-16.2%
0.2%
Q4 24
-47.8%
16.5%
Q3 24
-7.9%
-1.4%
Q2 24
-7.2%
-20.1%
Q1 24
-26.5%
2.3%
Capex Intensity
AHT
AHT
BBSI
BBSI
Q4 25
27.5%
1.7%
Q3 25
2.1%
1.4%
Q2 25
6.6%
1.4%
Q1 25
7.2%
1.5%
Q4 24
39.2%
1.0%
Q3 24
8.2%
1.1%
Q2 24
9.8%
1.8%
Q1 24
11.2%
1.0%
Cash Conversion
AHT
AHT
BBSI
BBSI
Q4 25
4.64×
Q3 25
1.86×
Q2 25
-2.92×
Q1 25
Q4 24
3.18×
Q3 24
-0.05×
Q2 24
0.16×
-3.07×
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%

BBSI
BBSI

Professional Employer Services$303.6M95%
Staffing Services$17.6M5%

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