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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Fastly, Inc. (FSLY). 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 $172.6M, roughly 1.5× Fastly, Inc.). Fastly, Inc. runs the higher net margin — -9.0% vs -26.8%, a 17.8% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs -6.0%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $-86.8M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% 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.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
AHT vs FSLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $172.6M |
| Net Profit | $-69.3M | $-15.5M |
| Gross Margin | — | 61.4% |
| Operating Margin | -2.6% | -8.7% |
| Net Margin | -26.8% | -9.0% |
| Revenue YoY | -6.0% | 22.8% |
| Net Profit YoY | 44.2% | 52.9% |
| EPS (diluted) | $-12.85 | $-0.10 |
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 | $172.6M | ||
| Q3 25 | $266.1M | $158.2M | ||
| Q2 25 | $302.0M | $148.7M | ||
| Q1 25 | $277.4M | $144.5M | ||
| Q4 24 | $275.5M | $140.6M | ||
| Q3 24 | $276.6M | $137.2M | ||
| Q2 24 | $316.5M | $132.4M | ||
| Q1 24 | $303.9M | $133.5M |
| Q4 25 | $-69.3M | $-15.5M | ||
| Q3 25 | $-60.1M | $-29.5M | ||
| Q2 25 | $-30.4M | $-37.5M | ||
| Q1 25 | $-20.0M | $-39.1M | ||
| Q4 24 | $-124.2M | $-32.9M | ||
| Q3 24 | $-57.9M | $-38.0M | ||
| Q2 24 | $50.3M | $-43.7M | ||
| Q1 24 | $71.6M | $-43.4M |
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 53.4% | ||
| Q3 24 | — | 54.5% | ||
| Q2 24 | — | 55.1% | ||
| Q1 24 | — | 54.8% |
| Q4 25 | -2.6% | -8.7% | ||
| Q3 25 | 4.6% | -18.2% | ||
| Q2 25 | 16.3% | -24.8% | ||
| Q1 25 | 22.2% | -26.4% | ||
| Q4 24 | -17.8% | -24.4% | ||
| Q3 24 | 7.3% | -29.6% | ||
| Q2 24 | 42.8% | -35.3% | ||
| Q1 24 | 50.2% | -34.6% |
| Q4 25 | -26.8% | -9.0% | ||
| Q3 25 | -22.6% | -18.6% | ||
| Q2 25 | -10.1% | -25.2% | ||
| Q1 25 | -7.2% | -27.1% | ||
| Q4 24 | -45.1% | -23.4% | ||
| Q3 24 | -20.9% | -27.7% | ||
| Q2 24 | 15.9% | -33.0% | ||
| Q1 24 | 23.5% | -32.5% |
| Q4 25 | $-12.85 | $-0.10 | ||
| Q3 25 | $-11.35 | $-0.20 | ||
| Q2 25 | $-6.88 | $-0.26 | ||
| Q1 25 | $-4.91 | $-0.27 | ||
| Q4 24 | $-13.64 | $-0.23 | ||
| Q3 24 | $-12.39 | $-0.27 | ||
| Q2 24 | $2.50 | $-0.32 | ||
| Q1 24 | $5.99 | $-0.32 |
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 | $361.8M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $929.6M |
| Total Assets | $2.8B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $361.8M | ||
| Q3 25 | $81.9M | $342.9M | ||
| Q2 25 | $100.0M | $321.2M | ||
| Q1 25 | $85.8M | $307.3M | ||
| Q4 24 | $112.9M | $295.9M | ||
| Q3 24 | $119.7M | $308.2M | ||
| Q2 24 | $121.8M | $311.8M | ||
| Q1 24 | $111.1M | $329.5M |
| 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 | $929.6M | ||
| Q3 25 | $-548.7M | $937.0M | ||
| Q2 25 | $-485.5M | $942.6M | ||
| Q1 25 | $-446.1M | $957.0M | ||
| Q4 24 | $-419.2M | $965.3M | ||
| Q3 24 | $-288.4M | $969.5M | ||
| Q2 24 | $-225.9M | $981.2M | ||
| Q1 24 | $-276.8M | $991.8M |
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.3B | $1.5B | ||
| 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 | $22.4M |
| Free Cash FlowOCF − Capex | $-86.8M | $12.2M |
| FCF MarginFCF / Revenue | -33.5% | 7.1% |
| Capex IntensityCapex / Revenue | 27.5% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $22.4M | ||
| Q3 25 | $5.5M | $28.9M | ||
| Q2 25 | $16.3M | $25.8M | ||
| Q1 25 | $-25.0M | $17.3M | ||
| Q4 24 | $-23.6M | $5.2M | ||
| Q3 24 | $795.0K | $5.0M | ||
| Q2 24 | $8.0M | $-4.9M | ||
| Q1 24 | $-46.5M | $11.1M |
| Q4 25 | $-86.8M | $12.2M | ||
| Q3 25 | $-226.0K | $22.9M | ||
| Q2 25 | $-3.6M | $15.9M | ||
| Q1 25 | $-44.8M | $14.7M | ||
| Q4 24 | $-131.6M | $251.0K | ||
| Q3 24 | $-21.8M | $3.0M | ||
| Q2 24 | $-22.9M | $-6.7M | ||
| Q1 24 | $-80.4M | $9.5M |
| Q4 25 | -33.5% | 7.1% | ||
| Q3 25 | -0.1% | 14.5% | ||
| Q2 25 | -1.2% | 10.7% | ||
| Q1 25 | -16.2% | 10.2% | ||
| Q4 24 | -47.8% | 0.2% | ||
| Q3 24 | -7.9% | 2.2% | ||
| Q2 24 | -7.2% | -5.1% | ||
| Q1 24 | -26.5% | 7.1% |
| Q4 25 | 27.5% | 5.9% | ||
| Q3 25 | 2.1% | 3.8% | ||
| Q2 25 | 6.6% | 6.6% | ||
| Q1 25 | 7.2% | 1.8% | ||
| Q4 24 | 39.2% | 3.5% | ||
| Q3 24 | 8.2% | 1.5% | ||
| Q2 24 | 9.8% | 1.3% | ||
| Q1 24 | 11.2% | 1.2% |
| 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% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
