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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $259.0M, roughly 1.7× ASHFORD HOSPITALITY TRUST INC). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -26.8%, a 33.6% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $-86.8M). Over the past eight quarters, Koppers Holdings Inc.'s revenue compounded faster (-6.7% 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.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
AHT vs KOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $432.7M |
| Net Profit | $-69.3M | $29.7M |
| Gross Margin | — | 25.6% |
| Operating Margin | -2.6% | 11.5% |
| Net Margin | -26.8% | 6.9% |
| Revenue YoY | -6.0% | -9.3% |
| Net Profit YoY | 44.2% | 391.2% |
| EPS (diluted) | $-12.85 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $266.1M | $485.3M | ||
| Q2 25 | $302.0M | $504.8M | ||
| Q1 25 | $277.4M | $456.5M | ||
| Q4 24 | $275.5M | $477.0M | ||
| Q3 24 | $276.6M | $554.3M | ||
| Q2 24 | $316.5M | $563.2M | ||
| Q1 24 | $303.9M | $497.6M |
| Q4 25 | $-69.3M | $29.7M | ||
| Q3 25 | $-60.1M | $23.8M | ||
| Q2 25 | $-30.4M | $16.4M | ||
| Q1 25 | $-20.0M | $-13.9M | ||
| Q4 24 | $-124.2M | $-10.2M | ||
| Q3 24 | $-57.9M | $22.8M | ||
| Q2 24 | $50.3M | $26.8M | ||
| Q1 24 | $71.6M | $13.0M |
| Q4 25 | — | 25.6% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 19.3% |
| Q4 25 | -2.6% | 11.5% | ||
| Q3 25 | 4.6% | 10.7% | ||
| Q2 25 | 16.3% | 7.7% | ||
| Q1 25 | 22.2% | 5.9% | ||
| Q4 24 | -17.8% | 1.3% | ||
| Q3 24 | 7.3% | 9.0% | ||
| Q2 24 | 42.8% | 10.2% | ||
| Q1 24 | 50.2% | 7.0% |
| Q4 25 | -26.8% | 6.9% | ||
| Q3 25 | -22.6% | 4.9% | ||
| Q2 25 | -10.1% | 3.2% | ||
| Q1 25 | -7.2% | -3.0% | ||
| Q4 24 | -45.1% | -2.1% | ||
| Q3 24 | -20.9% | 4.1% | ||
| Q2 24 | 15.9% | 4.8% | ||
| Q1 24 | 23.5% | 2.6% |
| Q4 25 | $-12.85 | $1.44 | ||
| Q3 25 | $-11.35 | $1.17 | ||
| Q2 25 | $-6.88 | $0.81 | ||
| Q1 25 | $-4.91 | $-0.68 | ||
| Q4 24 | $-13.64 | $-0.47 | ||
| Q3 24 | $-12.39 | $1.09 | ||
| Q2 24 | $2.50 | $1.25 | ||
| Q1 24 | $5.99 | $0.59 |
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 | $928.3M |
| Stockholders' EquityBook value | $-626.4M | $574.0M |
| Total Assets | $2.8B | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
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 | — | ||
| Q2 24 | $121.8M | — | ||
| Q1 24 | $111.1M | — |
| Q4 25 | $2.5B | $928.3M | ||
| Q3 25 | $2.6B | $932.9M | ||
| Q2 25 | $2.6B | $977.5M | ||
| Q1 25 | $2.7B | $989.0M | ||
| Q4 24 | $2.6B | $939.5M | ||
| Q3 24 | $2.7B | $989.4M | ||
| Q2 24 | $2.8B | $1.0B | ||
| Q1 24 | $2.9B | $877.6M |
| Q4 25 | $-626.4M | $574.0M | ||
| Q3 25 | $-548.7M | $545.6M | ||
| Q2 25 | $-485.5M | $526.8M | ||
| Q1 25 | $-446.1M | $498.0M | ||
| Q4 24 | $-419.2M | $488.7M | ||
| Q3 24 | $-288.4M | $532.3M | ||
| Q2 24 | $-225.9M | $509.2M | ||
| Q1 24 | $-276.8M | $505.8M |
| Q4 25 | $2.8B | $1.9B | ||
| Q3 25 | $3.0B | $1.9B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.2B | $1.9B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.3B | $1.9B | ||
| Q1 24 | $3.5B | $1.8B |
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.74× |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $-86.8M | $28.5M |
| FCF MarginFCF / Revenue | -33.5% | 6.6% |
| Capex IntensityCapex / Revenue | 27.5% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $45.1M | ||
| Q3 25 | $5.5M | $49.6M | ||
| Q2 25 | $16.3M | $50.5M | ||
| Q1 25 | $-25.0M | $-22.7M | ||
| Q4 24 | $-23.6M | $74.7M | ||
| Q3 24 | $795.0K | $29.8M | ||
| Q2 24 | $8.0M | $27.2M | ||
| Q1 24 | $-46.5M | $-12.3M |
| Q4 25 | $-86.8M | $28.5M | ||
| Q3 25 | $-226.0K | $37.6M | ||
| Q2 25 | $-3.6M | $38.4M | ||
| Q1 25 | $-44.8M | $-37.0M | ||
| Q4 24 | $-131.6M | $56.1M | ||
| Q3 24 | $-21.8M | $14.4M | ||
| Q2 24 | $-22.9M | $10.1M | ||
| Q1 24 | $-80.4M | $-38.6M |
| Q4 25 | -33.5% | 6.6% | ||
| Q3 25 | -0.1% | 7.7% | ||
| Q2 25 | -1.2% | 7.6% | ||
| Q1 25 | -16.2% | -8.1% | ||
| Q4 24 | -47.8% | 11.8% | ||
| Q3 24 | -7.9% | 2.6% | ||
| Q2 24 | -7.2% | 1.8% | ||
| Q1 24 | -26.5% | -7.8% |
| Q4 25 | 27.5% | 3.8% | ||
| Q3 25 | 2.1% | 2.5% | ||
| Q2 25 | 6.6% | 2.4% | ||
| Q1 25 | 7.2% | 3.1% | ||
| Q4 24 | 39.2% | 3.9% | ||
| Q3 24 | 8.2% | 2.8% | ||
| Q2 24 | 9.8% | 3.0% | ||
| Q1 24 | 11.2% | 5.3% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | — | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 0.16× | 1.01× | ||
| Q1 24 | -0.65× | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
