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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Civeo Corp (CVEO). 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 $161.6M, roughly 1.6× Civeo Corp). Civeo Corp runs the higher net margin — -4.0% vs -26.8%, a 22.8% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -6.0%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-86.8M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% 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.
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
AHT vs CVEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $161.6M |
| Net Profit | $-69.3M | $-6.5M |
| Gross Margin | — | 22.7% |
| Operating Margin | -2.6% | -0.1% |
| Net Margin | -26.8% | -4.0% |
| Revenue YoY | -6.0% | 7.1% |
| Net Profit YoY | 44.2% | 58.1% |
| EPS (diluted) | $-12.85 | $-0.58 |
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 | $161.6M | ||
| Q3 25 | $266.1M | $170.5M | ||
| Q2 25 | $302.0M | $162.7M | ||
| Q1 25 | $277.4M | $144.0M | ||
| Q4 24 | $275.5M | $151.0M | ||
| Q3 24 | $276.6M | $176.3M | ||
| Q2 24 | $316.5M | $188.7M | ||
| Q1 24 | $303.9M | $166.1M |
| Q4 25 | $-69.3M | $-6.5M | ||
| Q3 25 | $-60.1M | $-455.0K | ||
| Q2 25 | $-30.4M | $-3.3M | ||
| Q1 25 | $-20.0M | $-9.8M | ||
| Q4 24 | $-124.2M | $-15.4M | ||
| Q3 24 | $-57.9M | $-5.1M | ||
| Q2 24 | $50.3M | $8.2M | ||
| Q1 24 | $71.6M | $-5.1M |
| Q4 25 | — | 22.7% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 21.5% |
| Q4 25 | -2.6% | -0.1% | ||
| Q3 25 | 4.6% | 4.1% | ||
| Q2 25 | 16.3% | 1.7% | ||
| Q1 25 | 22.2% | -3.8% | ||
| Q4 24 | -17.8% | -6.7% | ||
| Q3 24 | 7.3% | 0.0% | ||
| Q2 24 | 42.8% | 6.9% | ||
| Q1 24 | 50.2% | -1.1% |
| Q4 25 | -26.8% | -4.0% | ||
| Q3 25 | -22.6% | -0.3% | ||
| Q2 25 | -10.1% | -2.0% | ||
| Q1 25 | -7.2% | -6.8% | ||
| Q4 24 | -45.1% | -10.2% | ||
| Q3 24 | -20.9% | -2.9% | ||
| Q2 24 | 15.9% | 4.4% | ||
| Q1 24 | 23.5% | -3.1% |
| Q4 25 | $-12.85 | $-0.58 | ||
| Q3 25 | $-11.35 | $-0.04 | ||
| Q2 25 | $-6.88 | $-0.25 | ||
| Q1 25 | $-4.91 | $-0.72 | ||
| Q4 24 | $-13.64 | $-1.04 | ||
| Q3 24 | $-12.39 | $-0.36 | ||
| Q2 24 | $2.50 | $0.56 | ||
| Q1 24 | $5.99 | $-0.35 |
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 | $14.4M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $174.4M |
| Total Assets | $2.8B | $477.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $14.4M | ||
| Q3 25 | $81.9M | $12.0M | ||
| Q2 25 | $100.0M | $14.6M | ||
| Q1 25 | $85.8M | $28.4M | ||
| Q4 24 | $112.9M | $5.2M | ||
| Q3 24 | $119.7M | $17.9M | ||
| Q2 24 | $121.8M | $7.4M | ||
| Q1 24 | $111.1M | $16.8M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $43.3M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $174.4M | ||
| Q3 25 | $-548.7M | $182.5M | ||
| Q2 25 | $-485.5M | $209.4M | ||
| Q1 25 | $-446.1M | $220.7M | ||
| Q4 24 | $-419.2M | $236.4M | ||
| Q3 24 | $-288.4M | $282.2M | ||
| Q2 24 | $-225.9M | $297.4M | ||
| Q1 24 | $-276.8M | $297.4M |
| Q4 25 | $2.8B | $477.4M | ||
| Q3 25 | $3.0B | $491.1M | ||
| Q2 25 | $3.1B | $508.8M | ||
| Q1 25 | $3.1B | $423.8M | ||
| Q4 24 | $3.2B | $405.1M | ||
| Q3 24 | $3.3B | $477.6M | ||
| Q2 24 | $3.3B | $483.2M | ||
| Q1 24 | $3.5B | $513.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $19.3M |
| Free Cash FlowOCF − Capex | $-86.8M | $14.5M |
| FCF MarginFCF / Revenue | -33.5% | 8.9% |
| Capex IntensityCapex / Revenue | 27.5% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $19.3M | ||
| Q3 25 | $5.5M | $13.8M | ||
| Q2 25 | $16.3M | $-2.3M | ||
| Q1 25 | $-25.0M | $-8.4M | ||
| Q4 24 | $-23.6M | $9.5M | ||
| Q3 24 | $795.0K | $35.7M | ||
| Q2 24 | $8.0M | $32.4M | ||
| Q1 24 | $-46.5M | $6.0M |
| Q4 25 | $-86.8M | $14.5M | ||
| Q3 25 | $-226.0K | $8.2M | ||
| Q2 25 | $-3.6M | $-6.8M | ||
| Q1 25 | $-44.8M | $-13.7M | ||
| Q4 24 | $-131.6M | $1.8M | ||
| Q3 24 | $-21.8M | $28.2M | ||
| Q2 24 | $-22.9M | $27.0M | ||
| Q1 24 | $-80.4M | $372.0K |
| Q4 25 | -33.5% | 8.9% | ||
| Q3 25 | -0.1% | 4.8% | ||
| Q2 25 | -1.2% | -4.2% | ||
| Q1 25 | -16.2% | -9.5% | ||
| Q4 24 | -47.8% | 1.2% | ||
| Q3 24 | -7.9% | 16.0% | ||
| Q2 24 | -7.2% | 14.3% | ||
| Q1 24 | -26.5% | 0.2% |
| Q4 25 | 27.5% | 3.0% | ||
| Q3 25 | 2.1% | 3.3% | ||
| Q2 25 | 6.6% | 2.8% | ||
| Q1 25 | 7.2% | 3.7% | ||
| Q4 24 | 39.2% | 5.1% | ||
| Q3 24 | 8.2% | 4.2% | ||
| Q2 24 | 9.8% | 2.8% | ||
| Q1 24 | 11.2% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | 3.93× | ||
| 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% |
CVEO
Segment breakdown not available.
