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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and HighPeak Energy, Inc. (HPK). 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 $216.6M, roughly 1.2× HighPeak Energy, Inc.). HighPeak Energy, Inc. runs the higher net margin — -11.6% vs -26.8%, a 15.1% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -23.3%). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -13.2%).
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.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
AHT vs HPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $216.6M |
| Net Profit | $-69.3M | $-25.2M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | -7.6% |
| Net Margin | -26.8% | -11.6% |
| Revenue YoY | -6.0% | -23.3% |
| Net Profit YoY | 44.2% | -380.7% |
| EPS (diluted) | $-12.85 | $-0.16 |
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 | $216.6M | ||
| Q3 25 | $266.1M | $188.9M | ||
| Q2 25 | $302.0M | $200.4M | ||
| Q1 25 | $277.4M | $257.4M | ||
| Q4 24 | $275.5M | $282.6M | ||
| Q3 24 | $276.6M | $271.6M | ||
| Q2 24 | $316.5M | $275.3M | ||
| Q1 24 | $303.9M | $287.8M |
| Q4 25 | $-69.3M | $-25.2M | ||
| Q3 25 | $-60.1M | $-18.3M | ||
| Q2 25 | $-30.4M | $26.2M | ||
| Q1 25 | $-20.0M | $36.3M | ||
| Q4 24 | $-124.2M | $9.0M | ||
| Q3 24 | $-57.9M | $49.9M | ||
| Q2 24 | $50.3M | $29.7M | ||
| Q1 24 | $71.6M | $6.4M |
| Q4 25 | -2.6% | -7.6% | ||
| Q3 25 | 4.6% | 17.3% | ||
| Q2 25 | 16.3% | 21.7% | ||
| Q1 25 | 22.2% | 35.1% | ||
| Q4 24 | -17.8% | 26.1% | ||
| Q3 24 | 7.3% | 27.0% | ||
| Q2 24 | 42.8% | 31.7% | ||
| Q1 24 | 50.2% | 35.8% |
| Q4 25 | -26.8% | -11.6% | ||
| Q3 25 | -22.6% | -9.7% | ||
| Q2 25 | -10.1% | 13.1% | ||
| Q1 25 | -7.2% | 14.1% | ||
| Q4 24 | -45.1% | 3.2% | ||
| Q3 24 | -20.9% | 18.4% | ||
| Q2 24 | 15.9% | 10.8% | ||
| Q1 24 | 23.5% | 2.2% |
| Q4 25 | $-12.85 | $-0.16 | ||
| Q3 25 | $-11.35 | $-0.15 | ||
| Q2 25 | $-6.88 | $0.19 | ||
| Q1 25 | $-4.91 | $0.26 | ||
| Q4 24 | $-13.64 | $0.06 | ||
| Q3 24 | $-12.39 | $0.35 | ||
| Q2 24 | $2.50 | $0.21 | ||
| Q1 24 | $5.99 | $0.05 |
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 | $162.1M |
| Total DebtLower is stronger | $2.5B | $1.2B |
| Stockholders' EquityBook value | $-626.4M | $1.6B |
| Total Assets | $2.8B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $162.1M | ||
| Q3 25 | $81.9M | $164.9M | ||
| Q2 25 | $100.0M | $21.9M | ||
| Q1 25 | $85.8M | $51.6M | ||
| Q4 24 | $112.9M | $86.6M | ||
| Q3 24 | $119.7M | $135.6M | ||
| Q2 24 | $121.8M | $157.9M | ||
| Q1 24 | $111.1M | $173.4M |
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.7B | $1.0B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $2.7B | $1.1B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.9B | $1.1B |
| Q4 25 | $-626.4M | $1.6B | ||
| Q3 25 | $-548.7M | $1.6B | ||
| Q2 25 | $-485.5M | $1.7B | ||
| Q1 25 | $-446.1M | $1.6B | ||
| Q4 24 | $-419.2M | $1.6B | ||
| Q3 24 | $-288.4M | $1.6B | ||
| Q2 24 | $-225.9M | $1.6B | ||
| Q1 24 | $-276.8M | $1.5B |
| Q4 25 | $2.8B | $3.2B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.3B | $3.1B | ||
| Q1 24 | $3.5B | $3.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.73× |
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 | $93.1M |
| Free Cash FlowOCF − Capex | $-86.8M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 27.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $93.1M | ||
| Q3 25 | $5.5M | $120.2M | ||
| Q2 25 | $16.3M | $141.2M | ||
| Q1 25 | $-25.0M | $157.1M | ||
| Q4 24 | $-23.6M | $139.5M | ||
| Q3 24 | $795.0K | $177.1M | ||
| Q2 24 | $8.0M | $202.3M | ||
| Q1 24 | $-46.5M | $171.4M |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | — | ||
| Q2 25 | $-3.6M | — | ||
| Q1 25 | $-44.8M | — | ||
| Q4 24 | $-131.6M | — | ||
| Q3 24 | $-21.8M | — | ||
| Q2 24 | $-22.9M | — | ||
| Q1 24 | $-80.4M | — |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -16.2% | — | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -7.2% | — | ||
| Q1 24 | -26.5% | — |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 11.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.39× | ||
| Q1 25 | — | 4.32× | ||
| Q4 24 | — | 15.53× | ||
| Q3 24 | — | 3.55× | ||
| Q2 24 | 0.16× | 6.81× | ||
| Q1 24 | -0.65× | 26.63× |
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% |
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
