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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Janus International Group, Inc. (JBI). 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 $219.3M, roughly 1.2× Janus International Group, Inc.). Janus International Group, Inc. runs the higher net margin — 6.9% vs -26.8%, a 33.7% gap on every dollar of revenue. On growth, Janus International Group, Inc. posted the faster year-over-year revenue change (-4.7% vs -6.0%). Janus International Group, Inc. produced more free cash flow last quarter ($8.3M vs $-86.8M). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
AHT vs JBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $219.3M |
| Net Profit | $-69.3M | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | -2.6% | 13.4% |
| Net Margin | -26.8% | 6.9% |
| Revenue YoY | -6.0% | -4.7% |
| Net Profit YoY | 44.2% | 28.8% |
| EPS (diluted) | $-12.85 | $0.11 |
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 | — | ||
| Q3 25 | $266.1M | $219.3M | ||
| Q2 25 | $302.0M | $228.1M | ||
| Q1 25 | $277.4M | $210.5M | ||
| Q4 24 | $275.5M | $230.8M | ||
| Q3 24 | $276.6M | $230.1M | ||
| Q2 24 | $316.5M | $248.4M | ||
| Q1 24 | $303.9M | $254.5M |
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $15.2M | ||
| Q2 25 | $-30.4M | $20.7M | ||
| Q1 25 | $-20.0M | $10.8M | ||
| Q4 24 | $-124.2M | $300.0K | ||
| Q3 24 | $-57.9M | $11.8M | ||
| Q2 24 | $50.3M | $27.6M | ||
| Q1 24 | $71.6M | $30.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 43.4% |
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | 13.4% | ||
| Q2 25 | 16.3% | 15.8% | ||
| Q1 25 | 22.2% | 12.0% | ||
| Q4 24 | -17.8% | 5.5% | ||
| Q3 24 | 7.3% | 11.6% | ||
| Q2 24 | 42.8% | 20.8% | ||
| Q1 24 | 50.2% | 21.8% |
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | 6.9% | ||
| Q2 25 | -10.1% | 9.1% | ||
| Q1 25 | -7.2% | 5.1% | ||
| Q4 24 | -45.1% | 0.1% | ||
| Q3 24 | -20.9% | 5.1% | ||
| Q2 24 | 15.9% | 11.1% | ||
| Q1 24 | 23.5% | 12.1% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | $0.11 | ||
| Q2 25 | $-6.88 | $0.15 | ||
| Q1 25 | $-4.91 | $0.08 | ||
| Q4 24 | $-13.64 | $0.01 | ||
| Q3 24 | $-12.39 | $0.08 | ||
| Q2 24 | $2.50 | $0.19 | ||
| Q1 24 | $5.99 | $0.21 |
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 | $560.8M |
| Total Assets | $2.8B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $85.8M | — | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $119.7M | $102.1M | ||
| Q2 24 | $121.8M | $110.1M | ||
| Q1 24 | $111.1M | — |
| 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 | — | ||
| Q3 25 | $-548.7M | $560.8M | ||
| Q2 25 | $-485.5M | $543.8M | ||
| Q1 25 | $-446.1M | $526.8M | ||
| Q4 24 | $-419.2M | $518.8M | ||
| Q3 24 | $-288.4M | $526.6M | ||
| Q2 24 | $-225.9M | $556.3M | ||
| Q1 24 | $-276.8M | $535.4M |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.3B | $1.3B | ||
| Q2 24 | $3.3B | $1.3B | ||
| Q1 24 | $3.5B | $1.4B |
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 | $15.0M |
| Free Cash FlowOCF − Capex | $-86.8M | $8.3M |
| FCF MarginFCF / Revenue | -33.5% | 3.8% |
| Capex IntensityCapex / Revenue | 27.5% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | $15.0M | ||
| Q2 25 | $16.3M | $51.4M | ||
| Q1 25 | $-25.0M | $48.3M | ||
| Q4 24 | $-23.6M | $51.4M | ||
| Q3 24 | $795.0K | $43.0M | ||
| Q2 24 | $8.0M | $31.0M | ||
| Q1 24 | $-46.5M | $28.6M |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | $8.3M | ||
| Q2 25 | $-3.6M | $44.6M | ||
| Q1 25 | $-44.8M | $41.9M | ||
| Q4 24 | $-131.6M | $45.3M | ||
| Q3 24 | $-21.8M | $39.3M | ||
| Q2 24 | $-22.9M | $25.3M | ||
| Q1 24 | $-80.4M | $24.0M |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | 3.8% | ||
| Q2 25 | -1.2% | 19.6% | ||
| Q1 25 | -16.2% | 19.9% | ||
| Q4 24 | -47.8% | 19.6% | ||
| Q3 24 | -7.9% | 17.1% | ||
| Q2 24 | -7.2% | 10.2% | ||
| Q1 24 | -26.5% | 9.4% |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | 3.1% | ||
| Q2 25 | 6.6% | 3.0% | ||
| Q1 25 | 7.2% | 3.0% | ||
| Q4 24 | 39.2% | 2.6% | ||
| Q3 24 | 8.2% | 1.6% | ||
| Q2 24 | 9.8% | 2.3% | ||
| Q1 24 | 11.2% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 2.48× | ||
| Q1 25 | — | 4.47× | ||
| Q4 24 | — | 171.33× | ||
| Q3 24 | — | 3.64× | ||
| Q2 24 | 0.16× | 1.12× | ||
| Q1 24 | -0.65× | 0.93× |
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% |
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
