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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Clearwater Paper Corp (CLW). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $259.0M, roughly 1.4× ASHFORD HOSPITALITY TRUST INC). Clearwater Paper Corp runs the higher net margin — -3.6% vs -26.8%, a 23.2% gap on every dollar of revenue. On growth, Clearwater Paper Corp posted the faster year-over-year revenue change (-4.7% vs -6.0%). Over the past eight quarters, Clearwater Paper Corp's revenue compounded faster (2.3% 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.
Clearwater Paper Corporation is an American pulp and paperboard manufacturer. The company was created on December 9, 2008, via a spin-off from Potlatch Corporation and is headquartered in Spokane, Washington.
AHT vs CLW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $360.3M |
| Net Profit | $-69.3M | $-12.8M |
| Gross Margin | — | -0.2% |
| Operating Margin | -2.6% | — |
| Net Margin | -26.8% | -3.6% |
| Revenue YoY | -6.0% | -4.7% |
| Net Profit YoY | 44.2% | -103.2% |
| 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.
| Q1 26 | — | $360.3M | ||
| Q4 25 | $259.0M | $386.4M | ||
| Q3 25 | $266.1M | $399.0M | ||
| Q2 25 | $302.0M | $391.8M | ||
| Q1 25 | $277.4M | $378.2M | ||
| Q4 24 | $275.5M | $387.1M | ||
| Q3 24 | $276.6M | $393.3M | ||
| Q2 24 | $316.5M | $344.4M |
| Q1 26 | — | $-12.8M | ||
| Q4 25 | $-69.3M | $38.3M | ||
| Q3 25 | $-60.1M | $-53.3M | ||
| Q2 25 | $-30.4M | $2.7M | ||
| Q1 25 | $-20.0M | $-6.3M | ||
| Q4 24 | $-124.2M | $199.1M | ||
| Q3 24 | $-57.9M | $5.8M | ||
| Q2 24 | $50.3M | $-25.8M |
| Q1 26 | — | -0.2% | ||
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | -0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 1.9% | ||
| Q3 25 | 4.6% | -13.9% | ||
| Q2 25 | 16.3% | 2.5% | ||
| Q1 25 | 22.2% | -1.1% | ||
| Q4 24 | -17.8% | -4.0% | ||
| Q3 24 | 7.3% | -0.3% | ||
| Q2 24 | 42.8% | -13.6% |
| Q1 26 | — | -3.6% | ||
| Q4 25 | -26.8% | 9.9% | ||
| Q3 25 | -22.6% | -13.4% | ||
| Q2 25 | -10.1% | 0.7% | ||
| Q1 25 | -7.2% | -1.7% | ||
| Q4 24 | -45.1% | 51.4% | ||
| Q3 24 | -20.9% | 1.5% | ||
| Q2 24 | 15.9% | -7.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-12.85 | $2.36 | ||
| Q3 25 | $-11.35 | $-3.30 | ||
| Q2 25 | $-6.88 | $0.17 | ||
| Q1 25 | $-4.91 | $-0.38 | ||
| Q4 24 | $-13.64 | $11.87 | ||
| Q3 24 | $-12.39 | $0.35 | ||
| Q2 24 | $2.50 | $-1.55 |
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 | $36.5M |
| Total DebtLower is stronger | $2.5B | $361.1M |
| Stockholders' EquityBook value | $-626.4M | $813.8M |
| Total Assets | $2.8B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $36.5M | ||
| Q4 25 | $66.1M | $30.7M | ||
| Q3 25 | $81.9M | $34.4M | ||
| Q2 25 | $100.0M | $46.7M | ||
| Q1 25 | $85.8M | $44.0M | ||
| Q4 24 | $112.9M | $79.6M | ||
| Q3 24 | $119.7M | $35.5M | ||
| Q2 24 | $121.8M | $39.6M |
| Q1 26 | — | $361.1M | ||
| Q4 25 | $2.5B | $346.8M | ||
| Q3 25 | $2.6B | $337.0M | ||
| Q2 25 | $2.6B | $330.1M | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $283.4M | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.1B |
| Q1 26 | — | $813.8M | ||
| Q4 25 | $-626.4M | $825.3M | ||
| Q3 25 | $-548.7M | $783.0M | ||
| Q2 25 | $-485.5M | $836.8M | ||
| Q1 25 | $-446.1M | $836.6M | ||
| Q4 24 | $-419.2M | $854.6M | ||
| Q3 24 | $-288.4M | $664.6M | ||
| Q2 24 | $-225.9M | $658.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.3B | $2.5B | ||
| Q2 24 | $3.3B | $2.5B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.74× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $5.0M | ||
| Q3 25 | $5.5M | $34.0M | ||
| Q2 25 | $16.3M | $-28.2M | ||
| Q1 25 | $-25.0M | $1.5M | ||
| Q4 24 | $-23.6M | $-35.1M | ||
| Q3 24 | $795.0K | $16.2M | ||
| Q2 24 | $8.0M | $21.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $-9.9M | ||
| Q3 25 | $-226.0K | $15.7M | ||
| Q2 25 | $-3.6M | $-51.1M | ||
| Q1 25 | $-44.8M | $-31.2M | ||
| Q4 24 | $-131.6M | $-68.1M | ||
| Q3 24 | $-21.8M | $-30.8M | ||
| Q2 24 | $-22.9M | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | -2.6% | ||
| Q3 25 | -0.1% | 3.9% | ||
| Q2 25 | -1.2% | -13.0% | ||
| Q1 25 | -16.2% | -8.2% | ||
| Q4 24 | -47.8% | -17.6% | ||
| Q3 24 | -7.9% | -7.8% | ||
| Q2 24 | -7.2% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 27.5% | 3.9% | ||
| Q3 25 | 2.1% | 4.6% | ||
| Q2 25 | 6.6% | 5.8% | ||
| Q1 25 | 7.2% | 8.6% | ||
| Q4 24 | 39.2% | 8.5% | ||
| Q3 24 | 8.2% | 12.0% | ||
| Q2 24 | 9.8% | 5.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -10.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.18× | ||
| Q3 24 | — | 2.79× | ||
| Q2 24 | 0.16× | — |
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% |
CLW
Segment breakdown not available.
