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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and MARINEMAX INC (HZO). Click either name above to swap in a different company.
MARINEMAX INC is the larger business by last-quarter revenue ($527.4M vs $259.0M, roughly 2.0× ASHFORD HOSPITALITY TRUST INC). On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -16.5%). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -16.6%).
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.
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
AHT vs HZO — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $527.4M |
| Net Profit | $-69.3M | — |
| Gross Margin | — | 34.4% |
| Operating Margin | -2.6% | 2.1% |
| Net Margin | -26.8% | — |
| Revenue YoY | -6.0% | -16.5% |
| Net Profit YoY | 44.2% | — |
| EPS (diluted) | $-12.85 | $0.14 |
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 | — | $527.4M | ||
| Q4 25 | $259.0M | $505.2M | ||
| Q3 25 | $266.1M | $552.2M | ||
| Q2 25 | $302.0M | $657.2M | ||
| Q1 25 | $277.4M | $631.5M | ||
| Q4 24 | $275.5M | $468.5M | ||
| Q3 24 | $276.6M | $563.1M | ||
| Q2 24 | $316.5M | $757.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-69.3M | $-7.9M | ||
| Q3 25 | $-60.1M | $-851.0K | ||
| Q2 25 | $-30.4M | $-52.1M | ||
| Q1 25 | $-20.0M | $3.3M | ||
| Q4 24 | $-124.2M | $18.1M | ||
| Q3 24 | $-57.9M | $4.0M | ||
| Q2 24 | $50.3M | $31.6M |
| Q1 26 | — | 34.4% | ||
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 36.2% | ||
| Q3 24 | — | 34.3% | ||
| Q2 24 | — | 32.0% |
| Q1 26 | — | 2.1% | ||
| Q4 25 | -2.6% | 1.0% | ||
| Q3 25 | 4.6% | 2.5% | ||
| Q2 25 | 16.3% | -6.3% | ||
| Q1 25 | 22.2% | 3.6% | ||
| Q4 24 | -17.8% | 8.3% | ||
| Q3 24 | 7.3% | 4.8% | ||
| Q2 24 | 42.8% | 8.1% |
| Q1 26 | — | — | ||
| Q4 25 | -26.8% | -1.6% | ||
| Q3 25 | -22.6% | -0.2% | ||
| Q2 25 | -10.1% | -7.9% | ||
| Q1 25 | -7.2% | 0.5% | ||
| Q4 24 | -45.1% | 3.9% | ||
| Q3 24 | -20.9% | 0.7% | ||
| Q2 24 | 15.9% | 4.2% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-12.85 | $-0.36 | ||
| Q3 25 | $-11.35 | $0.08 | ||
| Q2 25 | $-6.88 | $-2.42 | ||
| Q1 25 | $-4.91 | $0.14 | ||
| Q4 24 | $-13.64 | $0.77 | ||
| Q3 24 | $-12.39 | $0.17 | ||
| Q2 24 | $2.50 | $1.37 |
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 | $189.1M |
| Total DebtLower is stronger | $2.5B | $338.7M |
| Stockholders' EquityBook value | $-626.4M | — |
| Total Assets | $2.8B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $189.1M | ||
| Q4 25 | $66.1M | $164.6M | ||
| Q3 25 | $81.9M | $170.4M | ||
| Q2 25 | $100.0M | $151.0M | ||
| Q1 25 | $85.8M | $203.5M | ||
| Q4 24 | $112.9M | $145.0M | ||
| Q3 24 | $119.7M | $224.3M | ||
| Q2 24 | $121.8M | $242.4M |
| Q1 26 | — | $338.7M | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $393.2M | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | $391.2M | ||
| Q2 24 | $2.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $-626.4M | $932.8M | ||
| Q3 25 | $-548.7M | $937.2M | ||
| Q2 25 | $-485.5M | $940.5M | ||
| Q1 25 | $-446.1M | $993.4M | ||
| Q4 24 | $-419.2M | $993.5M | ||
| Q3 24 | $-288.4M | $975.8M | ||
| Q2 24 | $-225.9M | $967.6M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.8B | $2.4B | ||
| Q3 25 | $3.0B | $2.5B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.3B | $2.6B | ||
| Q2 24 | $3.3B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $16.9M | ||
| Q3 25 | $5.5M | $61.5M | ||
| Q2 25 | $16.3M | $84.9M | ||
| Q1 25 | $-25.0M | $72.5M | ||
| Q4 24 | $-23.6M | $-146.1M | ||
| Q3 24 | $795.0K | $-782.0K | ||
| Q2 24 | $8.0M | $86.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $8.3M | ||
| Q3 25 | $-226.0K | $48.0M | ||
| Q2 25 | $-3.6M | $68.5M | ||
| Q1 25 | $-44.8M | $59.8M | ||
| Q4 24 | $-131.6M | $-164.4M | ||
| Q3 24 | $-21.8M | $-17.5M | ||
| Q2 24 | $-22.9M | $71.1M |
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | 1.7% | ||
| Q3 25 | -0.1% | 8.7% | ||
| Q2 25 | -1.2% | 10.4% | ||
| Q1 25 | -16.2% | 9.5% | ||
| Q4 24 | -47.8% | -35.1% | ||
| Q3 24 | -7.9% | -3.1% | ||
| Q2 24 | -7.2% | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | 27.5% | 1.7% | ||
| Q3 25 | 2.1% | 2.4% | ||
| Q2 25 | 6.6% | 2.5% | ||
| Q1 25 | 7.2% | 2.0% | ||
| Q4 24 | 39.2% | 3.9% | ||
| Q3 24 | 8.2% | 3.0% | ||
| Q2 24 | 9.8% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 21.97× | ||
| Q4 24 | — | -8.09× | ||
| Q3 24 | — | -0.20× | ||
| Q2 24 | 0.16× | 2.74× |
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% |
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
