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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and INSTEEL INDUSTRIES INC (IIIN). 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 $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -26.8%, a 31.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -6.0%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-86.8M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
AHT vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $159.9M |
| Net Profit | $-69.3M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -2.6% | 6.0% |
| Net Margin | -26.8% | 4.7% |
| Revenue YoY | -6.0% | 23.3% |
| Net Profit YoY | 44.2% | 602.4% |
| EPS (diluted) | $-12.85 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $266.1M | $177.4M | ||
| Q2 25 | $302.0M | $179.9M | ||
| Q1 25 | $277.4M | $160.7M | ||
| Q4 24 | $275.5M | $129.7M | ||
| Q3 24 | $276.6M | $134.3M | ||
| Q2 24 | $316.5M | $145.8M | ||
| Q1 24 | $303.9M | $127.4M |
| Q4 25 | $-69.3M | $7.6M | ||
| Q3 25 | $-60.1M | $14.6M | ||
| Q2 25 | $-30.4M | $15.2M | ||
| Q1 25 | $-20.0M | $10.2M | ||
| Q4 24 | $-124.2M | $1.1M | ||
| Q3 24 | $-57.9M | $4.7M | ||
| Q2 24 | $50.3M | $6.6M | ||
| Q1 24 | $71.6M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | -2.6% | 6.0% | ||
| Q3 25 | 4.6% | 10.8% | ||
| Q2 25 | 16.3% | 11.0% | ||
| Q1 25 | 22.2% | 8.3% | ||
| Q4 24 | -17.8% | 1.1% | ||
| Q3 24 | 7.3% | 4.5% | ||
| Q2 24 | 42.8% | 6.0% | ||
| Q1 24 | 50.2% | 7.0% |
| Q4 25 | -26.8% | 4.7% | ||
| Q3 25 | -22.6% | 8.2% | ||
| Q2 25 | -10.1% | 8.4% | ||
| Q1 25 | -7.2% | 6.4% | ||
| Q4 24 | -45.1% | 0.8% | ||
| Q3 24 | -20.9% | 3.5% | ||
| Q2 24 | 15.9% | 4.5% | ||
| Q1 24 | 23.5% | 5.4% |
| Q4 25 | $-12.85 | $0.39 | ||
| Q3 25 | $-11.35 | $0.74 | ||
| Q2 25 | $-6.88 | $0.78 | ||
| Q1 25 | $-4.91 | $0.52 | ||
| Q4 24 | $-13.64 | $0.06 | ||
| Q3 24 | $-12.39 | $0.24 | ||
| Q2 24 | $2.50 | $0.34 | ||
| Q1 24 | $5.99 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $358.8M |
| Total Assets | $2.8B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $15.6M | ||
| Q3 25 | $81.9M | $38.6M | ||
| Q2 25 | $100.0M | $53.7M | ||
| Q1 25 | $85.8M | $28.4M | ||
| Q4 24 | $112.9M | $36.0M | ||
| Q3 24 | $119.7M | $111.5M | ||
| Q2 24 | $121.8M | $97.7M | ||
| Q1 24 | $111.1M | $83.9M |
| 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 | $358.8M | ||
| Q3 25 | $-548.7M | $371.5M | ||
| Q2 25 | $-485.5M | $356.2M | ||
| Q1 25 | $-446.1M | $341.4M | ||
| Q4 24 | $-419.2M | $331.6M | ||
| Q3 24 | $-288.4M | $350.9M | ||
| Q2 24 | $-225.9M | $346.0M | ||
| Q1 24 | $-276.8M | $340.6M |
| Q4 25 | $2.8B | $456.1M | ||
| Q3 25 | $3.0B | $462.6M | ||
| Q2 25 | $3.1B | $471.9M | ||
| Q1 25 | $3.1B | $421.9M | ||
| Q4 24 | $3.2B | $404.7M | ||
| Q3 24 | $3.3B | $422.6M | ||
| Q2 24 | $3.3B | $414.6M | ||
| Q1 24 | $3.5B | $397.2M |
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 | $-701.0K |
| Free Cash FlowOCF − Capex | $-86.8M | $-2.2M |
| FCF MarginFCF / Revenue | -33.5% | -1.4% |
| Capex IntensityCapex / Revenue | 27.5% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $-701.0K | ||
| Q3 25 | $5.5M | $-17.0M | ||
| Q2 25 | $16.3M | $28.5M | ||
| Q1 25 | $-25.0M | $-3.3M | ||
| Q4 24 | $-23.6M | $19.0M | ||
| Q3 24 | $795.0K | $16.2M | ||
| Q2 24 | $8.0M | $18.8M | ||
| Q1 24 | $-46.5M | $1.4M |
| Q4 25 | $-86.8M | $-2.2M | ||
| Q3 25 | $-226.0K | $-18.7M | ||
| Q2 25 | $-3.6M | $26.9M | ||
| Q1 25 | $-44.8M | $-5.5M | ||
| Q4 24 | $-131.6M | $16.3M | ||
| Q3 24 | $-21.8M | $14.5M | ||
| Q2 24 | $-22.9M | $15.5M | ||
| Q1 24 | $-80.4M | $-580.0K |
| Q4 25 | -33.5% | -1.4% | ||
| Q3 25 | -0.1% | -10.6% | ||
| Q2 25 | -1.2% | 15.0% | ||
| Q1 25 | -16.2% | -3.5% | ||
| Q4 24 | -47.8% | 12.6% | ||
| Q3 24 | -7.9% | 10.8% | ||
| Q2 24 | -7.2% | 10.7% | ||
| Q1 24 | -26.5% | -0.5% |
| Q4 25 | 27.5% | 0.9% | ||
| Q3 25 | 2.1% | 1.0% | ||
| Q2 25 | 6.6% | 0.9% | ||
| Q1 25 | 7.2% | 1.4% | ||
| Q4 24 | 39.2% | 2.1% | ||
| Q3 24 | 8.2% | 1.3% | ||
| Q2 24 | 9.8% | 2.2% | ||
| Q1 24 | 11.2% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | 0.16× | 2.86× | ||
| Q1 24 | -0.65× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
