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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and iRhythm Holdings, Inc. (IRTC). 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 $208.9M, roughly 1.2× iRhythm Holdings, Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -26.8%, a 29.4% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -6.0%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-86.8M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% 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.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
AHT vs IRTC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $208.9M |
| Net Profit | $-69.3M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | -2.6% | 1.1% |
| Net Margin | -26.8% | 2.7% |
| Revenue YoY | -6.0% | 27.1% |
| Net Profit YoY | 44.2% | 518.5% |
| EPS (diluted) | $-12.85 | $0.18 |
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 | $208.9M | ||
| Q3 25 | $266.1M | $192.9M | ||
| Q2 25 | $302.0M | $186.7M | ||
| Q1 25 | $277.4M | $158.7M | ||
| Q4 24 | $275.5M | $164.3M | ||
| Q3 24 | $276.6M | $147.5M | ||
| Q2 24 | $316.5M | $148.0M | ||
| Q1 24 | $303.9M | $131.9M |
| Q4 25 | $-69.3M | $5.6M | ||
| Q3 25 | $-60.1M | $-5.2M | ||
| Q2 25 | $-30.4M | $-14.2M | ||
| Q1 25 | $-20.0M | $-30.7M | ||
| Q4 24 | $-124.2M | $-1.3M | ||
| Q3 24 | $-57.9M | $-46.2M | ||
| Q2 24 | $50.3M | $-20.1M | ||
| Q1 24 | $71.6M | $-45.7M |
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% | ||
| Q1 24 | — | 66.3% |
| Q4 25 | -2.6% | 1.1% | ||
| Q3 25 | 4.6% | -4.4% | ||
| Q2 25 | 16.3% | -10.0% | ||
| Q1 25 | 22.2% | -20.5% | ||
| Q4 24 | -17.8% | -2.5% | ||
| Q3 24 | 7.3% | -34.1% | ||
| Q2 24 | 42.8% | -15.5% | ||
| Q1 24 | 50.2% | -28.9% |
| Q4 25 | -26.8% | 2.7% | ||
| Q3 25 | -22.6% | -2.7% | ||
| Q2 25 | -10.1% | -7.6% | ||
| Q1 25 | -7.2% | -19.3% | ||
| Q4 24 | -45.1% | -0.8% | ||
| Q3 24 | -20.9% | -31.3% | ||
| Q2 24 | 15.9% | -13.6% | ||
| Q1 24 | 23.5% | -34.6% |
| Q4 25 | $-12.85 | $0.18 | ||
| Q3 25 | $-11.35 | $-0.16 | ||
| Q2 25 | $-6.88 | $-0.44 | ||
| Q1 25 | $-4.91 | $-0.97 | ||
| Q4 24 | $-13.64 | $-0.03 | ||
| Q3 24 | $-12.39 | $-1.48 | ||
| Q2 24 | $2.50 | $-0.65 | ||
| Q1 24 | $5.99 | $-1.47 |
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 | $583.8M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $152.7M |
| Total Assets | $2.8B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $583.8M | ||
| Q3 25 | $81.9M | $565.2M | ||
| Q2 25 | $100.0M | $545.5M | ||
| Q1 25 | $85.8M | $520.6M | ||
| Q4 24 | $112.9M | $535.6M | ||
| Q3 24 | $119.7M | $522.0M | ||
| Q2 24 | $121.8M | $561.5M | ||
| Q1 24 | $111.1M | $569.1M |
| 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 | $152.7M | ||
| Q3 25 | $-548.7M | $121.9M | ||
| Q2 25 | $-485.5M | $103.7M | ||
| Q1 25 | $-446.1M | $86.7M | ||
| Q4 24 | $-419.2M | $90.9M | ||
| Q3 24 | $-288.4M | $71.8M | ||
| Q2 24 | $-225.9M | $99.2M | ||
| Q1 24 | $-276.8M | $90.3M |
| Q4 25 | $2.8B | $1.0B | ||
| Q3 25 | $3.0B | $995.2M | ||
| Q2 25 | $3.1B | $964.0M | ||
| Q1 25 | $3.1B | $926.1M | ||
| Q4 24 | $3.2B | $931.4M | ||
| Q3 24 | $3.3B | $909.7M | ||
| Q2 24 | $3.3B | $919.2M | ||
| Q1 24 | $3.5B | $909.8M |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $-86.8M | $14.5M |
| FCF MarginFCF / Revenue | -33.5% | 6.9% |
| Capex IntensityCapex / Revenue | 27.5% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $26.2M | ||
| Q3 25 | $5.5M | $34.9M | ||
| Q2 25 | $16.3M | $27.7M | ||
| Q1 25 | $-25.0M | $-7.9M | ||
| Q4 24 | $-23.6M | $19.2M | ||
| Q3 24 | $795.0K | $24.3M | ||
| Q2 24 | $8.0M | $11.8M | ||
| Q1 24 | $-46.5M | $-52.0M |
| Q4 25 | $-86.8M | $14.5M | ||
| Q3 25 | $-226.0K | $20.1M | ||
| Q2 25 | $-3.6M | $17.3M | ||
| Q1 25 | $-44.8M | $-17.3M | ||
| Q4 24 | $-131.6M | $12.4M | ||
| Q3 24 | $-21.8M | $15.5M | ||
| Q2 24 | $-22.9M | $3.4M | ||
| Q1 24 | $-80.4M | $-61.8M |
| Q4 25 | -33.5% | 6.9% | ||
| Q3 25 | -0.1% | 10.4% | ||
| Q2 25 | -1.2% | 9.3% | ||
| Q1 25 | -16.2% | -10.9% | ||
| Q4 24 | -47.8% | 7.5% | ||
| Q3 24 | -7.9% | 10.5% | ||
| Q2 24 | -7.2% | 2.3% | ||
| Q1 24 | -26.5% | -46.8% |
| Q4 25 | 27.5% | 5.6% | ||
| Q3 25 | 2.1% | 7.7% | ||
| Q2 25 | 6.6% | 5.6% | ||
| Q1 25 | 7.2% | 5.9% | ||
| Q4 24 | 39.2% | 4.2% | ||
| Q3 24 | 8.2% | 6.0% | ||
| Q2 24 | 9.8% | 5.7% | ||
| Q1 24 | 11.2% | 7.4% |
| Q4 25 | — | 4.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | -0.65× | — |
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% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
