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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Clear Channel Outdoor Holdings, Inc. (CCO). Click either name above to swap in a different company.
Clear Channel Outdoor Holdings, Inc. is the larger business by last-quarter revenue ($461.5M vs $259.0M, roughly 1.8× ASHFORD HOSPITALITY TRUST INC). Clear Channel Outdoor Holdings, Inc. runs the higher net margin — 1.7% vs -26.8%, a 28.5% gap on every dollar of revenue. On growth, Clear Channel Outdoor Holdings, Inc. posted the faster year-over-year revenue change (8.2% vs -6.0%). Clear Channel Outdoor Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-86.8M). Over the past eight quarters, Clear Channel Outdoor Holdings, Inc.'s revenue compounded faster (18.8% 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.
Clear Channel Outdoor Holdings, Inc. is a multinational corporation focused on outdoor advertising. The company is based in San Antonio, Texas.
AHT vs CCO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $461.5M |
| Net Profit | $-69.3M | $8.0M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 23.3% |
| Net Margin | -26.8% | 1.7% |
| Revenue YoY | -6.0% | 8.2% |
| Net Profit YoY | 44.2% | 144.8% |
| EPS (diluted) | $-12.85 | $0.01 |
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 | $461.5M | ||
| Q3 25 | $266.1M | $405.6M | ||
| Q2 25 | $302.0M | $402.8M | ||
| Q1 25 | $277.4M | $334.2M | ||
| Q4 24 | $275.5M | $426.7M | ||
| Q3 24 | $276.6M | $375.2M | ||
| Q2 24 | $316.5M | $376.5M | ||
| Q1 24 | $303.9M | $326.8M |
| Q4 25 | $-69.3M | $8.0M | ||
| Q3 25 | $-60.1M | $-60.1M | ||
| Q2 25 | $-30.4M | $9.5M | ||
| Q1 25 | $-20.0M | $62.5M | ||
| Q4 24 | $-124.2M | $-17.9M | ||
| Q3 24 | $-57.9M | $-32.5M | ||
| Q2 24 | $50.3M | $-39.2M | ||
| Q1 24 | $71.6M | $-89.7M |
| Q4 25 | -2.6% | 23.3% | ||
| Q3 25 | 4.6% | 19.9% | ||
| Q2 25 | 16.3% | 19.2% | ||
| Q1 25 | 22.2% | 13.5% | ||
| Q4 24 | -17.8% | 23.5% | ||
| Q3 24 | 7.3% | 17.8% | ||
| Q2 24 | 42.8% | 18.2% | ||
| Q1 24 | 50.2% | 13.4% |
| Q4 25 | -26.8% | 1.7% | ||
| Q3 25 | -22.6% | -14.8% | ||
| Q2 25 | -10.1% | 2.4% | ||
| Q1 25 | -7.2% | 18.7% | ||
| Q4 24 | -45.1% | -4.2% | ||
| Q3 24 | -20.9% | -8.7% | ||
| Q2 24 | 15.9% | -10.4% | ||
| Q1 24 | 23.5% | -27.4% |
| Q4 25 | $-12.85 | $0.01 | ||
| Q3 25 | $-11.35 | $-0.12 | ||
| Q2 25 | $-6.88 | $0.02 | ||
| Q1 25 | $-4.91 | $0.13 | ||
| Q4 24 | $-13.64 | $-0.03 | ||
| Q3 24 | $-12.39 | $-0.07 | ||
| Q2 24 | $2.50 | $-0.08 | ||
| Q1 24 | $5.99 | $-0.19 |
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 | $190.0M |
| Total DebtLower is stronger | $2.5B | $5.1B |
| Stockholders' EquityBook value | $-626.4M | $-3.4B |
| Total Assets | $2.8B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $190.0M | ||
| Q3 25 | $81.9M | $155.0M | ||
| Q2 25 | $100.0M | $138.6M | ||
| Q1 25 | $85.8M | $395.8M | ||
| Q4 24 | $112.9M | $109.7M | ||
| Q3 24 | $119.7M | $201.1M | ||
| Q2 24 | $121.8M | $189.3M | ||
| Q1 24 | $111.1M | $193.2M |
| Q4 25 | $2.5B | $5.1B | ||
| Q3 25 | $2.6B | $5.1B | ||
| Q2 25 | $2.6B | $5.1B | ||
| Q1 25 | $2.7B | $5.3B | ||
| Q4 24 | $2.6B | $5.7B | ||
| Q3 24 | $2.7B | $5.7B | ||
| Q2 24 | $2.8B | $5.7B | ||
| Q1 24 | $2.9B | $5.7B |
| Q4 25 | $-626.4M | $-3.4B | ||
| Q3 25 | $-548.7M | $-3.5B | ||
| Q2 25 | $-485.5M | $-3.4B | ||
| Q1 25 | $-446.1M | $-3.4B | ||
| Q4 24 | $-419.2M | $-3.6B | ||
| Q3 24 | $-288.4M | $-3.6B | ||
| Q2 24 | $-225.9M | $-3.6B | ||
| Q1 24 | $-276.8M | $-3.5B |
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $3.0B | $3.8B | ||
| Q2 25 | $3.1B | $3.8B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $3.2B | $4.8B | ||
| Q3 24 | $3.3B | $4.6B | ||
| Q2 24 | $3.3B | $4.5B | ||
| Q1 24 | $3.5B | $4.6B |
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 | $56.3M |
| Free Cash FlowOCF − Capex | $-86.8M | $30.3M |
| FCF MarginFCF / Revenue | -33.5% | 6.6% |
| Capex IntensityCapex / Revenue | 27.5% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 7.04× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $32.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $56.3M | ||
| Q3 25 | $5.5M | $56.2M | ||
| Q2 25 | $16.3M | $-12.6M | ||
| Q1 25 | $-25.0M | $14.9M | ||
| Q4 24 | $-23.6M | $29.3M | ||
| Q3 24 | $795.0K | $54.5M | ||
| Q2 24 | $8.0M | $30.8M | ||
| Q1 24 | $-46.5M | $-34.8M |
| Q4 25 | $-86.8M | $30.3M | ||
| Q3 25 | $-226.0K | $41.4M | ||
| Q2 25 | $-3.6M | $-29.2M | ||
| Q1 25 | $-44.8M | $-10.6M | ||
| Q4 24 | $-131.6M | $-27.8M | ||
| Q3 24 | $-21.8M | $21.0M | ||
| Q2 24 | $-22.9M | $5.2M | ||
| Q1 24 | $-80.4M | $-61.0M |
| Q4 25 | -33.5% | 6.6% | ||
| Q3 25 | -0.1% | 10.2% | ||
| Q2 25 | -1.2% | -7.2% | ||
| Q1 25 | -16.2% | -3.2% | ||
| Q4 24 | -47.8% | -6.5% | ||
| Q3 24 | -7.9% | 5.6% | ||
| Q2 24 | -7.2% | 1.4% | ||
| Q1 24 | -26.5% | -18.7% |
| Q4 25 | 27.5% | 5.6% | ||
| Q3 25 | 2.1% | 3.7% | ||
| Q2 25 | 6.6% | 4.1% | ||
| Q1 25 | 7.2% | 7.6% | ||
| Q4 24 | 39.2% | 13.4% | ||
| Q3 24 | 8.2% | 8.9% | ||
| Q2 24 | 9.8% | 6.8% | ||
| Q1 24 | 11.2% | 8.0% |
| Q4 25 | — | 7.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | 0.24× | ||
| 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
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
CCO
Segment breakdown not available.
