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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Hillman Solutions Corp. (HLMN). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $259.0M, roughly 1.4× ASHFORD HOSPITALITY TRUST INC). Hillman Solutions Corp. runs the higher net margin — -1.3% vs -26.8%, a 25.5% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs -6.0%). Hillman Solutions Corp. produced more free cash flow last quarter ($-34.3M vs $-86.8M). Over the past eight quarters, Hillman Solutions Corp.'s revenue compounded faster (-1.2% 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.
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
AHT vs HLMN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $370.1M |
| Net Profit | $-69.3M | $-4.7M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 1.9% |
| Net Margin | -26.8% | -1.3% |
| Revenue YoY | -6.0% | 3.0% |
| Net Profit YoY | 44.2% | — |
| EPS (diluted) | $-12.85 | $-0.02 |
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.
| Q1 26 | — | $370.1M | ||
| Q4 25 | $259.0M | $365.1M | ||
| Q3 25 | $266.1M | $424.9M | ||
| Q2 25 | $302.0M | $402.8M | ||
| Q1 25 | $277.4M | $359.3M | ||
| Q4 24 | $275.5M | $349.6M | ||
| Q3 24 | $276.6M | $393.3M | ||
| Q2 24 | $316.5M | $379.4M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $-69.3M | $1.6M | ||
| Q3 25 | $-60.1M | $23.2M | ||
| Q2 25 | $-30.4M | $15.8M | ||
| Q1 25 | $-20.0M | $-317.0K | ||
| Q4 24 | $-124.2M | $-1.2M | ||
| Q3 24 | $-57.9M | $7.4M | ||
| Q2 24 | $50.3M | $12.5M |
| Q1 26 | — | 1.9% | ||
| Q4 25 | -2.6% | 4.6% | ||
| Q3 25 | 4.6% | 10.8% | ||
| Q2 25 | 16.3% | 9.0% | ||
| Q1 25 | 22.2% | 4.2% | ||
| Q4 24 | -17.8% | 4.0% | ||
| Q3 24 | 7.3% | 6.8% | ||
| Q2 24 | 42.8% | 8.3% |
| Q1 26 | — | -1.3% | ||
| Q4 25 | -26.8% | 0.4% | ||
| Q3 25 | -22.6% | 5.5% | ||
| Q2 25 | -10.1% | 3.9% | ||
| Q1 25 | -7.2% | -0.1% | ||
| Q4 24 | -45.1% | -0.3% | ||
| Q3 24 | -20.9% | 1.9% | ||
| Q2 24 | 15.9% | 3.3% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-12.85 | $0.00 | ||
| Q3 25 | $-11.35 | $0.12 | ||
| Q2 25 | $-6.88 | $0.08 | ||
| Q1 25 | $-4.91 | $0.00 | ||
| Q4 24 | $-13.64 | $-0.00 | ||
| Q3 24 | $-12.39 | $0.04 | ||
| Q2 24 | $2.50 | $0.06 |
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 | $27.7M |
| Total DebtLower is stronger | $2.5B | $714.1M |
| Stockholders' EquityBook value | $-626.4M | $1.2B |
| Total Assets | $2.8B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $27.7M | ||
| Q4 25 | $66.1M | $27.3M | ||
| Q3 25 | $81.9M | $37.7M | ||
| Q2 25 | $100.0M | $34.2M | ||
| Q1 25 | $85.8M | $36.3M | ||
| Q4 24 | $112.9M | $44.5M | ||
| Q3 24 | $119.7M | $59.8M | ||
| Q2 24 | $121.8M | $54.0M |
| Q1 26 | — | $714.1M | ||
| Q4 25 | $2.5B | $668.3M | ||
| Q3 25 | $2.6B | $683.2M | ||
| Q2 25 | $2.6B | $683.1M | ||
| Q1 25 | $2.7B | $713.5M | ||
| Q4 24 | $2.6B | $691.7M | ||
| Q3 24 | $2.7B | $730.7M | ||
| Q2 24 | $2.8B | $732.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $-626.4M | $1.2B | ||
| Q3 25 | $-548.7M | $1.2B | ||
| Q2 25 | $-485.5M | $1.2B | ||
| Q1 25 | $-446.1M | $1.2B | ||
| Q4 24 | $-419.2M | $1.2B | ||
| Q3 24 | $-288.4M | $1.2B | ||
| Q2 24 | $-225.9M | $1.2B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.8B | $2.4B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.2B | $2.3B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.3B | $2.4B |
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | — |
| Free Cash FlowOCF − Capex | $-86.8M | $-34.3M |
| FCF MarginFCF / Revenue | -33.5% | -9.3% |
| Capex IntensityCapex / Revenue | 27.5% | 4.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $30.9M | ||
| Q3 25 | $5.5M | $26.2M | ||
| Q2 25 | $16.3M | $48.7M | ||
| Q1 25 | $-25.0M | $-655.0K | ||
| Q4 24 | $-23.6M | $43.1M | ||
| Q3 24 | $795.0K | $63.7M | ||
| Q2 24 | $8.0M | $64.8M |
| Q1 26 | — | $-34.3M | ||
| Q4 25 | $-86.8M | $16.1M | ||
| Q3 25 | $-226.0K | $9.1M | ||
| Q2 25 | $-3.6M | $31.2M | ||
| Q1 25 | $-44.8M | $-21.3M | ||
| Q4 24 | $-131.6M | $22.1M | ||
| Q3 24 | $-21.8M | $39.6M | ||
| Q2 24 | $-22.9M | $42.5M |
| Q1 26 | — | -9.3% | ||
| Q4 25 | -33.5% | 4.4% | ||
| Q3 25 | -0.1% | 2.1% | ||
| Q2 25 | -1.2% | 7.7% | ||
| Q1 25 | -16.2% | -5.9% | ||
| Q4 24 | -47.8% | 6.3% | ||
| Q3 24 | -7.9% | 10.1% | ||
| Q2 24 | -7.2% | 11.2% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 27.5% | 4.0% | ||
| Q3 25 | 2.1% | 4.0% | ||
| Q2 25 | 6.6% | 4.3% | ||
| Q1 25 | 7.2% | 5.7% | ||
| Q4 24 | 39.2% | 6.0% | ||
| Q3 24 | 8.2% | 6.1% | ||
| Q2 24 | 9.8% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.33× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.57× | ||
| Q2 24 | 0.16× | 5.17× |
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% |
HLMN
Segment breakdown not available.
