vs
Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $259.0M, roughly 1.5× ASHFORD HOSPITALITY TRUST INC). IDEX Corporation runs the higher net margin — 30.1% vs -26.8%, a 56.9% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -6.0%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-86.8M). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
AHT vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $398.4M |
| Net Profit | $-69.3M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | -2.6% | 43.3% |
| Net Margin | -26.8% | 30.1% |
| Revenue YoY | -6.0% | 16.7% |
| Net Profit YoY | 44.2% | 25.7% |
| EPS (diluted) | $-12.85 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | — | $407.7M | ||
| Q4 25 | $259.0M | $899.1M | ||
| Q3 25 | $266.1M | $878.7M | ||
| Q2 25 | $302.0M | $865.4M | ||
| Q1 25 | $277.4M | $814.3M | ||
| Q4 24 | $275.5M | $862.9M | ||
| Q3 24 | $276.6M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $-69.3M | $128.3M | ||
| Q3 25 | $-60.1M | $127.8M | ||
| Q2 25 | $-30.4M | $131.6M | ||
| Q1 25 | $-20.0M | $95.5M | ||
| Q4 24 | $-124.2M | $123.2M | ||
| Q3 24 | $-57.9M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | -2.6% | 20.4% | ||
| Q3 25 | 4.6% | 21.1% | ||
| Q2 25 | 16.3% | 21.7% | ||
| Q1 25 | 22.2% | 17.4% | ||
| Q4 24 | -17.8% | 19.2% | ||
| Q3 24 | 7.3% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | -26.8% | 14.3% | ||
| Q3 25 | -22.6% | 14.5% | ||
| Q2 25 | -10.1% | 15.2% | ||
| Q1 25 | -7.2% | 11.7% | ||
| Q4 24 | -45.1% | 14.3% | ||
| Q3 24 | -20.9% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $-12.85 | $1.71 | ||
| Q3 25 | $-11.35 | $1.70 | ||
| Q2 25 | $-6.88 | $1.74 | ||
| Q1 25 | $-4.91 | $1.26 | ||
| Q4 24 | $-13.64 | $1.61 | ||
| Q3 24 | $-12.39 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $4.0B |
| Total Assets | $2.8B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $66.1M | $580.0M | ||
| Q3 25 | $81.9M | $593.8M | ||
| Q2 25 | $100.0M | $568.2M | ||
| Q1 25 | $85.8M | $594.1M | ||
| Q4 24 | $112.9M | $620.8M | ||
| Q3 24 | $119.7M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.7B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.7B | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $-626.4M | $4.0B | ||
| Q3 25 | $-548.7M | $4.0B | ||
| Q2 25 | $-485.5M | $4.0B | ||
| Q1 25 | $-446.1M | $3.9B | ||
| Q4 24 | $-419.2M | $3.8B | ||
| Q3 24 | $-288.4M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.8B | $6.9B | ||
| Q3 25 | $3.0B | $7.0B | ||
| Q2 25 | $3.1B | $6.9B | ||
| Q1 25 | $3.1B | $6.8B | ||
| Q4 24 | $3.2B | $6.7B | ||
| Q3 24 | $3.3B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | $86.0M |
| FCF MarginFCF / Revenue | -33.5% | 21.6% |
| Capex IntensityCapex / Revenue | 27.5% | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $209.5M | ||
| Q3 25 | $5.5M | $203.5M | ||
| Q2 25 | $16.3M | $161.7M | ||
| Q1 25 | $-25.0M | $105.7M | ||
| Q4 24 | $-23.6M | $172.6M | ||
| Q3 24 | $795.0K | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-86.8M | $189.8M | ||
| Q3 25 | $-226.0K | $188.7M | ||
| Q2 25 | $-3.6M | $146.9M | ||
| Q1 25 | $-44.8M | $91.4M | ||
| Q4 24 | $-131.6M | $157.1M | ||
| Q3 24 | $-21.8M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | -33.5% | 21.1% | ||
| Q3 25 | -0.1% | 21.5% | ||
| Q2 25 | -1.2% | 17.0% | ||
| Q1 25 | -16.2% | 11.2% | ||
| Q4 24 | -47.8% | 18.2% | ||
| Q3 24 | -7.9% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 27.5% | 2.2% | ||
| Q3 25 | 2.1% | 1.7% | ||
| Q2 25 | 6.6% | 1.7% | ||
| Q1 25 | 7.2% | 1.8% | ||
| Q4 24 | 39.2% | 1.8% | ||
| Q3 24 | 8.2% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.72× |
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% |
IEX
Segment breakdown not available.
