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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $259.0M, roughly 1.9× ASHFORD HOSPITALITY TRUST INC). National Vision Holdings, Inc. runs the higher net margin — 0.7% vs -26.8%, a 27.5% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -6.0%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-86.8M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% 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.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
AHT vs EYE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $487.3M |
| Net Profit | $-69.3M | $3.4M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 2.0% |
| Net Margin | -26.8% | 0.7% |
| Revenue YoY | -6.0% | 7.9% |
| Net Profit YoY | 44.2% | 139.8% |
| EPS (diluted) | $-12.85 | $0.04 |
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 | — | ||
| Q3 25 | $266.1M | $487.3M | ||
| Q2 25 | $302.0M | $486.4M | ||
| Q1 25 | $277.4M | $510.3M | ||
| Q4 24 | $275.5M | $437.3M | ||
| Q3 24 | $276.6M | $451.5M | ||
| Q2 24 | $316.5M | $451.7M | ||
| Q1 24 | $303.9M | $482.8M |
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $3.4M | ||
| Q2 25 | $-30.4M | $8.7M | ||
| Q1 25 | $-20.0M | $14.2M | ||
| Q4 24 | $-124.2M | $-28.6M | ||
| Q3 24 | $-57.9M | $-8.5M | ||
| Q2 24 | $50.3M | $-3.1M | ||
| Q1 24 | $71.6M | $11.7M |
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | 2.0% | ||
| Q2 25 | 16.3% | 3.4% | ||
| Q1 25 | 22.2% | 5.1% | ||
| Q4 24 | -17.8% | -5.8% | ||
| Q3 24 | 7.3% | -2.0% | ||
| Q2 24 | 42.8% | 0.1% | ||
| Q1 24 | 50.2% | 4.9% |
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | 0.7% | ||
| Q2 25 | -10.1% | 1.8% | ||
| Q1 25 | -7.2% | 2.8% | ||
| Q4 24 | -45.1% | -6.5% | ||
| Q3 24 | -20.9% | -1.9% | ||
| Q2 24 | 15.9% | -0.7% | ||
| Q1 24 | 23.5% | 2.4% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | $0.04 | ||
| Q2 25 | $-6.88 | $0.11 | ||
| Q1 25 | $-4.91 | $0.18 | ||
| Q4 24 | $-13.64 | $-0.36 | ||
| Q3 24 | $-12.39 | $-0.11 | ||
| Q2 24 | $2.50 | $-0.04 | ||
| Q1 24 | $5.99 | $0.15 |
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 | $56.0M |
| Total DebtLower is stronger | $2.5B | $236.5M |
| Stockholders' EquityBook value | $-626.4M | $858.8M |
| Total Assets | $2.8B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | $56.0M | ||
| Q2 25 | $100.0M | $48.5M | ||
| Q1 25 | $85.8M | $80.0M | ||
| Q4 24 | $112.9M | $73.9M | ||
| Q3 24 | $119.7M | $81.2M | ||
| Q2 24 | $121.8M | $179.5M | ||
| Q1 24 | $111.1M | $150.1M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $236.5M | ||
| Q2 25 | $2.6B | $255.6M | ||
| Q1 25 | $2.7B | $244.7M | ||
| Q4 24 | $2.6B | $248.6M | ||
| Q3 24 | $2.7B | $252.8M | ||
| Q2 24 | $2.8B | $143.9M | ||
| Q1 24 | $2.9B | $448.6M |
| Q4 25 | $-626.4M | — | ||
| Q3 25 | $-548.7M | $858.8M | ||
| Q2 25 | $-485.5M | $850.6M | ||
| Q1 25 | $-446.1M | $836.2M | ||
| Q4 24 | $-419.2M | $816.3M | ||
| Q3 24 | $-288.4M | $840.0M | ||
| Q2 24 | $-225.9M | $843.4M | ||
| Q1 24 | $-276.8M | $841.3M |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $3.5B | $2.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 0.53× |
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 | $46.6M |
| Free Cash FlowOCF − Capex | $-86.8M | $30.3M |
| FCF MarginFCF / Revenue | -33.5% | 6.2% |
| Capex IntensityCapex / Revenue | 27.5% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | $46.6M | ||
| Q2 25 | $16.3M | $54.3M | ||
| Q1 25 | $-25.0M | $32.2M | ||
| Q4 24 | $-23.6M | $30.3M | ||
| Q3 24 | $795.0K | $27.9M | ||
| Q2 24 | $8.0M | $51.5M | ||
| Q1 24 | $-46.5M | $24.0M |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | $30.3M | ||
| Q2 25 | $-3.6M | $42.4M | ||
| Q1 25 | $-44.8M | $12.0M | ||
| Q4 24 | $-131.6M | $-1.7M | ||
| Q3 24 | $-21.8M | $4.1M | ||
| Q2 24 | $-22.9M | $31.9M | ||
| Q1 24 | $-80.4M | $4.0M |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | 6.2% | ||
| Q2 25 | -1.2% | 8.7% | ||
| Q1 25 | -16.2% | 2.4% | ||
| Q4 24 | -47.8% | -0.4% | ||
| Q3 24 | -7.9% | 0.9% | ||
| Q2 24 | -7.2% | 7.1% | ||
| Q1 24 | -26.5% | 0.8% |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 6.6% | 2.4% | ||
| Q1 25 | 7.2% | 4.0% | ||
| Q4 24 | 39.2% | 7.3% | ||
| Q3 24 | 8.2% | 5.3% | ||
| Q2 24 | 9.8% | 4.3% | ||
| Q1 24 | 11.2% | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 13.83× | ||
| Q2 25 | — | 6.22× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | -0.65× | 2.05× |
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% |
EYE
Segment breakdown not available.
