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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Iridium Communications Inc. (IRDM). 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 $219.1M, roughly 1.2× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -26.8%, a 36.6% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -6.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% 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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
AHT vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $219.1M |
| Net Profit | $-69.3M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 23.2% |
| Net Margin | -26.8% | 9.9% |
| Revenue YoY | -6.0% | 1.9% |
| Net Profit YoY | 44.2% | — |
| EPS (diluted) | $-12.85 | — |
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 | — | $219.1M | ||
| Q4 25 | $259.0M | $212.9M | ||
| Q3 25 | $266.1M | $226.9M | ||
| Q2 25 | $302.0M | $216.9M | ||
| Q1 25 | $277.4M | $214.9M | ||
| Q4 24 | $275.5M | $213.0M | ||
| Q3 24 | $276.6M | $212.8M | ||
| Q2 24 | $316.5M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-69.3M | $24.9M | ||
| Q3 25 | $-60.1M | $37.1M | ||
| Q2 25 | $-30.4M | $22.0M | ||
| Q1 25 | $-20.0M | $30.4M | ||
| Q4 24 | $-124.2M | $36.3M | ||
| Q3 24 | $-57.9M | $24.4M | ||
| Q2 24 | $50.3M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -2.6% | 25.9% | ||
| Q3 25 | 4.6% | 30.9% | ||
| Q2 25 | 16.3% | 23.2% | ||
| Q1 25 | 22.2% | 28.1% | ||
| Q4 24 | -17.8% | 24.5% | ||
| Q3 24 | 7.3% | 25.8% | ||
| Q2 24 | 42.8% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -26.8% | 11.7% | ||
| Q3 25 | -22.6% | 16.4% | ||
| Q2 25 | -10.1% | 10.1% | ||
| Q1 25 | -7.2% | 14.2% | ||
| Q4 24 | -45.1% | 17.1% | ||
| Q3 24 | -20.9% | 11.5% | ||
| Q2 24 | 15.9% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-12.85 | $0.24 | ||
| Q3 25 | $-11.35 | $0.35 | ||
| Q2 25 | $-6.88 | $0.20 | ||
| Q1 25 | $-4.91 | $0.27 | ||
| Q4 24 | $-13.64 | $0.30 | ||
| Q3 24 | $-12.39 | $0.21 | ||
| Q2 24 | $2.50 | $0.27 |
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 | — |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | — |
| Total Assets | $2.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $66.1M | $96.5M | ||
| Q3 25 | $81.9M | $88.5M | ||
| Q2 25 | $100.0M | $79.3M | ||
| Q1 25 | $85.8M | $50.9M | ||
| Q4 24 | $112.9M | $93.5M | ||
| Q3 24 | $119.7M | $159.6M | ||
| Q2 24 | $121.8M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $-626.4M | $462.6M | ||
| Q3 25 | $-548.7M | $450.5M | ||
| Q2 25 | $-485.5M | $473.6M | ||
| Q1 25 | $-446.1M | $518.4M | ||
| Q4 24 | $-419.2M | $576.6M | ||
| Q3 24 | $-288.4M | $663.8M | ||
| Q2 24 | $-225.9M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $3.2B | $2.7B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| 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% | 13.7% |
| 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 | $108.6M | ||
| Q3 25 | $5.5M | $100.8M | ||
| Q2 25 | $16.3M | $129.6M | ||
| Q1 25 | $-25.0M | $61.1M | ||
| Q4 24 | $-23.6M | $104.8M | ||
| Q3 24 | $795.0K | $118.6M | ||
| Q2 24 | $8.0M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $75.1M | ||
| Q3 25 | $-226.0K | $79.2M | ||
| Q2 25 | $-3.6M | $108.9M | ||
| Q1 25 | $-44.8M | $36.5M | ||
| Q4 24 | $-131.6M | $80.5M | ||
| Q3 24 | $-21.8M | $100.0M | ||
| Q2 24 | $-22.9M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | 35.3% | ||
| Q3 25 | -0.1% | 34.9% | ||
| Q2 25 | -1.2% | 50.2% | ||
| Q1 25 | -16.2% | 17.0% | ||
| Q4 24 | -47.8% | 37.8% | ||
| Q3 24 | -7.9% | 47.0% | ||
| Q2 24 | -7.2% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 27.5% | 15.7% | ||
| Q3 25 | 2.1% | 9.5% | ||
| Q2 25 | 6.6% | 9.5% | ||
| Q1 25 | 7.2% | 11.4% | ||
| Q4 24 | 39.2% | 11.4% | ||
| Q3 24 | 8.2% | 8.7% | ||
| Q2 24 | 9.8% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | 0.16× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
