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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Freshworks Inc. (FRSH). 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 $222.7M, roughly 1.2× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs -26.8%, a 112.7% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -6.0%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-86.8M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% 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.
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
AHT vs FRSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $222.7M |
| Net Profit | $-69.3M | $191.4M |
| Gross Margin | — | 85.6% |
| Operating Margin | -2.6% | 17.8% |
| Net Margin | -26.8% | 86.0% |
| Revenue YoY | -6.0% | 14.5% |
| Net Profit YoY | 44.2% | 974.2% |
| EPS (diluted) | $-12.85 | $0.66 |
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 | $222.7M | ||
| Q3 25 | $266.1M | $215.1M | ||
| Q2 25 | $302.0M | $204.7M | ||
| Q1 25 | $277.4M | $196.3M | ||
| Q4 24 | $275.5M | $194.6M | ||
| Q3 24 | $276.6M | $186.6M | ||
| Q2 24 | $316.5M | $174.1M | ||
| Q1 24 | $303.9M | $165.1M |
| Q4 25 | $-69.3M | $191.4M | ||
| Q3 25 | $-60.1M | $-4.7M | ||
| Q2 25 | $-30.4M | $-1.7M | ||
| Q1 25 | $-20.0M | $-1.3M | ||
| Q4 24 | $-124.2M | $-21.9M | ||
| Q3 24 | $-57.9M | $-30.0M | ||
| Q2 24 | $50.3M | $-20.2M | ||
| Q1 24 | $71.6M | $-23.3M |
| Q4 25 | — | 85.6% | ||
| Q3 25 | — | 84.7% | ||
| Q2 25 | — | 84.8% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 84.9% | ||
| Q3 24 | — | 84.0% | ||
| Q2 24 | — | 83.8% | ||
| Q1 24 | — | 84.3% |
| Q4 25 | -2.6% | 17.8% | ||
| Q3 25 | 4.6% | -3.5% | ||
| Q2 25 | 16.3% | -4.2% | ||
| Q1 25 | 22.2% | -5.3% | ||
| Q4 24 | -17.8% | -12.2% | ||
| Q3 24 | 7.3% | -20.8% | ||
| Q2 24 | 42.8% | -25.1% | ||
| Q1 24 | 50.2% | -19.5% |
| Q4 25 | -26.8% | 86.0% | ||
| Q3 25 | -22.6% | -2.2% | ||
| Q2 25 | -10.1% | -0.8% | ||
| Q1 25 | -7.2% | -0.7% | ||
| Q4 24 | -45.1% | -11.3% | ||
| Q3 24 | -20.9% | -16.1% | ||
| Q2 24 | 15.9% | -11.6% | ||
| Q1 24 | 23.5% | -14.1% |
| Q4 25 | $-12.85 | $0.66 | ||
| Q3 25 | $-11.35 | $-0.02 | ||
| Q2 25 | $-6.88 | $-0.01 | ||
| Q1 25 | $-4.91 | $0.00 | ||
| Q4 24 | $-13.64 | $-0.07 | ||
| Q3 24 | $-12.39 | $-0.10 | ||
| Q2 24 | $2.50 | $-0.07 | ||
| 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 | $781.4M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $1.0B |
| Total Assets | $2.8B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $781.4M | ||
| Q3 25 | $81.9M | $813.2M | ||
| Q2 25 | $100.0M | $926.2M | ||
| Q1 25 | $85.8M | $995.3M | ||
| Q4 24 | $112.9M | $1.1B | ||
| Q3 24 | $119.7M | $1.1B | ||
| Q2 24 | $121.8M | $1.0B | ||
| Q1 24 | $111.1M | $1.2B |
| 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 | $1.0B | ||
| Q3 25 | $-548.7M | $851.5M | ||
| Q2 25 | $-485.5M | $984.6M | ||
| Q1 25 | $-446.1M | $1.1B | ||
| Q4 24 | $-419.2M | $1.1B | ||
| Q3 24 | $-288.4M | $1.1B | ||
| Q2 24 | $-225.9M | $1.1B | ||
| Q1 24 | $-276.8M | $1.1B |
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.3B | $1.5B | ||
| Q1 24 | $3.5B | $1.5B |
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 | $62.3M |
| Free Cash FlowOCF − Capex | $-86.8M | $60.1M |
| FCF MarginFCF / Revenue | -33.5% | 27.0% |
| Capex IntensityCapex / Revenue | 27.5% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $236.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $62.3M | ||
| Q3 25 | $5.5M | $63.5M | ||
| Q2 25 | $16.3M | $58.6M | ||
| Q1 25 | $-25.0M | $58.0M | ||
| Q4 24 | $-23.6M | $41.4M | ||
| Q3 24 | $795.0K | $42.3M | ||
| Q2 24 | $8.0M | $36.3M | ||
| Q1 24 | $-46.5M | $40.6M |
| Q4 25 | $-86.8M | $60.1M | ||
| Q3 25 | $-226.0K | $61.7M | ||
| Q2 25 | $-3.6M | $58.2M | ||
| Q1 25 | $-44.8M | $56.7M | ||
| Q4 24 | $-131.6M | $36.3M | ||
| Q3 24 | $-21.8M | $41.3M | ||
| Q2 24 | $-22.9M | $34.0M | ||
| Q1 24 | $-80.4M | $39.9M |
| Q4 25 | -33.5% | 27.0% | ||
| Q3 25 | -0.1% | 28.7% | ||
| Q2 25 | -1.2% | 28.4% | ||
| Q1 25 | -16.2% | 28.9% | ||
| Q4 24 | -47.8% | 18.7% | ||
| Q3 24 | -7.9% | 22.1% | ||
| Q2 24 | -7.2% | 19.5% | ||
| Q1 24 | -26.5% | 24.1% |
| Q4 25 | 27.5% | 1.0% | ||
| Q3 25 | 2.1% | 0.8% | ||
| Q2 25 | 6.6% | 0.2% | ||
| Q1 25 | 7.2% | 0.7% | ||
| Q4 24 | 39.2% | 2.6% | ||
| Q3 24 | 8.2% | 0.6% | ||
| Q2 24 | 9.8% | 1.3% | ||
| Q1 24 | 11.2% | 0.4% |
| Q4 25 | — | 0.33× | ||
| 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% |
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
