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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Coursera, Inc. (COUR). Click either name above to swap in a different company.

ASHFORD HOSPITALITY TRUST INC is the larger business by last-quarter revenue ($259.0M vs $196.9M, roughly 1.3× Coursera, Inc.). Coursera, Inc. runs the higher net margin — -13.6% vs -26.8%, a 13.2% gap on every dollar of revenue. On growth, Coursera, Inc. posted the faster year-over-year revenue change (9.9% vs -6.0%). Coursera, Inc. produced more free cash flow last quarter ($5.4M vs $-86.8M). Over the past eight quarters, Coursera, Inc.'s revenue compounded faster (7.9% 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.

Coursera Inc. is an American for-profit online university, earlier operating as a global massive open online course provider from 2012 until 2021. It was founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, certifications, and degrees in a variety of subjects.

AHT vs COUR — Head-to-Head

Bigger by revenue
AHT
AHT
1.3× larger
AHT
$259.0M
$196.9M
COUR
Growing faster (revenue YoY)
COUR
COUR
+15.9% gap
COUR
9.9%
-6.0%
AHT
Higher net margin
COUR
COUR
13.2% more per $
COUR
-13.6%
-26.8%
AHT
More free cash flow
COUR
COUR
$92.2M more FCF
COUR
$5.4M
$-86.8M
AHT
Faster 2-yr revenue CAGR
COUR
COUR
Annualised
COUR
7.9%
-7.7%
AHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHT
AHT
COUR
COUR
Revenue
$259.0M
$196.9M
Net Profit
$-69.3M
$-26.8M
Gross Margin
54.2%
Operating Margin
-2.6%
-16.4%
Net Margin
-26.8%
-13.6%
Revenue YoY
-6.0%
9.9%
Net Profit YoY
44.2%
-24.1%
EPS (diluted)
$-12.85
$-0.16

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
COUR
COUR
Q4 25
$259.0M
$196.9M
Q3 25
$266.1M
$194.2M
Q2 25
$302.0M
$187.1M
Q1 25
$277.4M
$179.3M
Q4 24
$275.5M
$179.2M
Q3 24
$276.6M
$176.1M
Q2 24
$316.5M
$170.3M
Q1 24
$303.9M
$169.1M
Net Profit
AHT
AHT
COUR
COUR
Q4 25
$-69.3M
$-26.8M
Q3 25
$-60.1M
$-8.6M
Q2 25
$-30.4M
$-7.8M
Q1 25
$-20.0M
$-7.8M
Q4 24
$-124.2M
$-21.6M
Q3 24
$-57.9M
$-13.7M
Q2 24
$50.3M
$-22.9M
Q1 24
$71.6M
$-21.3M
Gross Margin
AHT
AHT
COUR
COUR
Q4 25
54.2%
Q3 25
54.6%
Q2 25
54.9%
Q1 25
54.6%
Q4 24
53.3%
Q3 24
54.6%
Q2 24
53.0%
Q1 24
52.9%
Operating Margin
AHT
AHT
COUR
COUR
Q4 25
-2.6%
-16.4%
Q3 25
4.6%
-8.0%
Q2 25
16.3%
-8.1%
Q1 25
22.2%
-8.0%
Q4 24
-17.8%
-17.0%
Q3 24
7.3%
-12.3%
Q2 24
42.8%
-18.3%
Q1 24
50.2%
-17.6%
Net Margin
AHT
AHT
COUR
COUR
Q4 25
-26.8%
-13.6%
Q3 25
-22.6%
-4.4%
Q2 25
-10.1%
-4.2%
Q1 25
-7.2%
-4.4%
Q4 24
-45.1%
-12.1%
Q3 24
-20.9%
-7.8%
Q2 24
15.9%
-13.4%
Q1 24
23.5%
-12.6%
EPS (diluted)
AHT
AHT
COUR
COUR
Q4 25
$-12.85
$-0.16
Q3 25
$-11.35
$-0.05
Q2 25
$-6.88
$-0.05
Q1 25
$-4.91
$-0.05
Q4 24
$-13.64
$-0.13
Q3 24
$-12.39
$-0.09
Q2 24
$2.50
$-0.15
Q1 24
$5.99
$-0.14

Balance Sheet & Financial Strength

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

Metric
AHT
AHT
COUR
COUR
Cash + ST InvestmentsLiquidity on hand
$66.1M
$792.6M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$-626.4M
$635.7M
Total Assets
$2.8B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
COUR
COUR
Q4 25
$66.1M
$792.6M
Q3 25
$81.9M
$797.7M
Q2 25
$100.0M
$775.1M
Q1 25
$85.8M
$748.0M
Q4 24
$112.9M
$726.1M
Q3 24
$119.7M
$719.4M
Q2 24
$121.8M
$708.8M
Q1 24
$111.1M
$725.4M
Total Debt
AHT
AHT
COUR
COUR
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
COUR
COUR
Q4 25
$-626.4M
$635.7M
Q3 25
$-548.7M
$639.5M
Q2 25
$-485.5M
$627.0M
Q1 25
$-446.1M
$610.5M
Q4 24
$-419.2M
$597.4M
Q3 24
$-288.4M
$593.3M
Q2 24
$-225.9M
$585.2M
Q1 24
$-276.8M
$609.1M
Total Assets
AHT
AHT
COUR
COUR
Q4 25
$2.8B
$1.0B
Q3 25
$3.0B
$995.3M
Q2 25
$3.1B
$979.9M
Q1 25
$3.1B
$951.2M
Q4 24
$3.2B
$930.3M
Q3 24
$3.3B
$914.1M
Q2 24
$3.3B
$904.4M
Q1 24
$3.5B
$916.3M

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
COUR
COUR
Operating Cash FlowLast quarter
$-15.7M
$5.8M
Free Cash FlowOCF − Capex
$-86.8M
$5.4M
FCF MarginFCF / Revenue
-33.5%
2.7%
Capex IntensityCapex / Revenue
27.5%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-135.5M
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
COUR
COUR
Q4 25
$-15.7M
$5.8M
Q3 25
$5.5M
$33.9M
Q2 25
$16.3M
$35.5M
Q1 25
$-25.0M
$33.5M
Q4 24
$-23.6M
$19.2M
Q3 24
$795.0K
$27.9M
Q2 24
$8.0M
$23.8M
Q1 24
$-46.5M
$24.5M
Free Cash Flow
AHT
AHT
COUR
COUR
Q4 25
$-86.8M
$5.4M
Q3 25
$-226.0K
$33.7M
Q2 25
$-3.6M
$35.1M
Q1 25
$-44.8M
$33.0M
Q4 24
$-131.6M
$18.1M
Q3 24
$-21.8M
$27.7M
Q2 24
$-22.9M
$23.6M
Q1 24
$-80.4M
$24.4M
FCF Margin
AHT
AHT
COUR
COUR
Q4 25
-33.5%
2.7%
Q3 25
-0.1%
17.4%
Q2 25
-1.2%
18.8%
Q1 25
-16.2%
18.4%
Q4 24
-47.8%
10.1%
Q3 24
-7.9%
15.7%
Q2 24
-7.2%
13.9%
Q1 24
-26.5%
14.4%
Capex Intensity
AHT
AHT
COUR
COUR
Q4 25
27.5%
0.2%
Q3 25
2.1%
0.1%
Q2 25
6.6%
0.2%
Q1 25
7.2%
0.3%
Q4 24
39.2%
0.6%
Q3 24
8.2%
0.1%
Q2 24
9.8%
0.1%
Q1 24
11.2%
0.1%
Cash Conversion
AHT
AHT
COUR
COUR
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%

COUR
COUR

Consumer Segment$131.5M67%
Enterprise Segment$65.4M33%

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