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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and JFrog Ltd (FROG). 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 $145.3M, roughly 1.8× JFrog Ltd). JFrog Ltd runs the higher net margin — -10.5% vs -26.8%, a 16.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -6.0%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-86.8M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% 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.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
AHT vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $145.3M |
| Net Profit | $-69.3M | $-15.2M |
| Gross Margin | — | 77.9% |
| Operating Margin | -2.6% | -14.7% |
| Net Margin | -26.8% | -10.5% |
| Revenue YoY | -6.0% | 25.2% |
| Net Profit YoY | 44.2% | 34.4% |
| EPS (diluted) | $-12.85 | $-0.13 |
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 | $145.3M | ||
| Q3 25 | $266.1M | $136.9M | ||
| Q2 25 | $302.0M | $127.2M | ||
| Q1 25 | $277.4M | $122.4M | ||
| Q4 24 | $275.5M | $116.1M | ||
| Q3 24 | $276.6M | $109.1M | ||
| Q2 24 | $316.5M | $103.0M | ||
| Q1 24 | $303.9M | $100.3M |
| Q4 25 | $-69.3M | $-15.2M | ||
| Q3 25 | $-60.1M | $-16.4M | ||
| Q2 25 | $-30.4M | $-21.7M | ||
| Q1 25 | $-20.0M | $-18.5M | ||
| Q4 24 | $-124.2M | $-23.2M | ||
| Q3 24 | $-57.9M | $-22.9M | ||
| Q2 24 | $50.3M | $-14.3M | ||
| Q1 24 | $71.6M | $-8.8M |
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.4% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.3% | ||
| Q4 24 | — | 75.4% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 78.8% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | -2.6% | -14.7% | ||
| Q3 25 | 4.6% | -15.8% | ||
| Q2 25 | 16.3% | -20.4% | ||
| Q1 25 | 22.2% | -18.8% | ||
| Q4 24 | -17.8% | -21.9% | ||
| Q3 24 | 7.3% | -27.4% | ||
| Q2 24 | 42.8% | -18.6% | ||
| Q1 24 | 50.2% | -16.6% |
| Q4 25 | -26.8% | -10.5% | ||
| Q3 25 | -22.6% | -12.0% | ||
| Q2 25 | -10.1% | -17.0% | ||
| Q1 25 | -7.2% | -15.1% | ||
| Q4 24 | -45.1% | -20.0% | ||
| Q3 24 | -20.9% | -21.0% | ||
| Q2 24 | 15.9% | -13.9% | ||
| Q1 24 | 23.5% | -8.8% |
| Q4 25 | $-12.85 | $-0.13 | ||
| Q3 25 | $-11.35 | $-0.14 | ||
| Q2 25 | $-6.88 | $-0.19 | ||
| Q1 25 | $-4.91 | $-0.16 | ||
| Q4 24 | $-13.64 | $-0.21 | ||
| Q3 24 | $-12.39 | $-0.21 | ||
| Q2 24 | $2.50 | $-0.13 | ||
| Q1 24 | $5.99 | $-0.08 |
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 | $704.4M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $887.4M |
| Total Assets | $2.8B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $704.4M | ||
| Q3 25 | $81.9M | $651.1M | ||
| Q2 25 | $100.0M | $611.7M | ||
| Q1 25 | $85.8M | $563.5M | ||
| Q4 24 | $112.9M | $522.0M | ||
| Q3 24 | $119.7M | $467.8M | ||
| Q2 24 | $121.8M | $591.3M | ||
| Q1 24 | $111.1M | $579.6M |
| 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 | — |
| Q4 25 | $-626.4M | $887.4M | ||
| Q3 25 | $-548.7M | $859.4M | ||
| Q2 25 | $-485.5M | $826.5M | ||
| Q1 25 | $-446.1M | $800.0M | ||
| Q4 24 | $-419.2M | $773.5M | ||
| Q3 24 | $-288.4M | $756.2M | ||
| Q2 24 | $-225.9M | $721.4M | ||
| Q1 24 | $-276.8M | $707.8M |
| Q4 25 | $2.8B | $1.3B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $3.3B | $1.1B | ||
| Q2 24 | $3.3B | $1.0B | ||
| Q1 24 | $3.5B | $997.1M |
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 | $50.7M |
| Free Cash FlowOCF − Capex | $-86.8M | $49.9M |
| FCF MarginFCF / Revenue | -33.5% | 34.3% |
| Capex IntensityCapex / Revenue | 27.5% | 0.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $50.7M | ||
| Q3 25 | $5.5M | $30.2M | ||
| Q2 25 | $16.3M | $36.1M | ||
| Q1 25 | $-25.0M | $28.8M | ||
| Q4 24 | $-23.6M | $49.1M | ||
| Q3 24 | $795.0K | $27.6M | ||
| Q2 24 | $8.0M | $16.7M | ||
| Q1 24 | $-46.5M | $17.5M |
| Q4 25 | $-86.8M | $49.9M | ||
| Q3 25 | $-226.0K | $28.8M | ||
| Q2 25 | $-3.6M | $35.5M | ||
| Q1 25 | $-44.8M | $28.1M | ||
| Q4 24 | $-131.6M | $48.5M | ||
| Q3 24 | $-21.8M | $26.7M | ||
| Q2 24 | $-22.9M | $16.0M | ||
| Q1 24 | $-80.4M | $16.6M |
| Q4 25 | -33.5% | 34.3% | ||
| Q3 25 | -0.1% | 21.0% | ||
| Q2 25 | -1.2% | 27.9% | ||
| Q1 25 | -16.2% | 23.0% | ||
| Q4 24 | -47.8% | 41.8% | ||
| Q3 24 | -7.9% | 24.5% | ||
| Q2 24 | -7.2% | 15.5% | ||
| Q1 24 | -26.5% | 16.6% |
| Q4 25 | 27.5% | 0.6% | ||
| Q3 25 | 2.1% | 1.0% | ||
| Q2 25 | 6.6% | 0.5% | ||
| Q1 25 | 7.2% | 0.5% | ||
| Q4 24 | 39.2% | 0.5% | ||
| Q3 24 | 8.2% | 0.9% | ||
| Q2 24 | 9.8% | 0.7% | ||
| Q1 24 | 11.2% | 0.8% |
| 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
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
FROG
Segment breakdown not available.
