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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $259.0M, roughly 1.5× ASHFORD HOSPITALITY TRUST INC). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -26.8%, a 29.8% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -6.0%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-86.8M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% 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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
AHT vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $382.2M |
| Net Profit | $-69.3M | $11.7M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 4.7% |
| Net Margin | -26.8% | 3.1% |
| Revenue YoY | -6.0% | 17.4% |
| Net Profit YoY | 44.2% | 264.1% |
| 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.
| Q4 25 | $259.0M | $382.2M | ||
| Q3 25 | $266.1M | $363.8M | ||
| Q2 25 | $302.0M | $345.3M | ||
| Q1 25 | $277.4M | $333.0M | ||
| Q4 24 | $275.5M | $325.5M | ||
| Q3 24 | $276.6M | $312.7M | ||
| Q2 24 | $316.5M | $312.3M | ||
| Q1 24 | $303.9M | $300.4M |
| Q4 25 | $-69.3M | $11.7M | ||
| Q3 25 | $-60.1M | $1.1M | ||
| Q2 25 | $-30.4M | $-3.8M | ||
| Q1 25 | $-20.0M | $709.0K | ||
| Q4 24 | $-124.2M | $-7.1M | ||
| Q3 24 | $-57.9M | $-6.0M | ||
| Q2 24 | $50.3M | $-23.3M | ||
| Q1 24 | $71.6M | $-21.1M |
| Q4 25 | -2.6% | 4.7% | ||
| Q3 25 | 4.6% | 2.0% | ||
| Q2 25 | 16.3% | -0.9% | ||
| Q1 25 | 22.2% | 0.5% | ||
| Q4 24 | -17.8% | 0.3% | ||
| Q3 24 | 7.3% | 0.0% | ||
| Q2 24 | 42.8% | -5.1% | ||
| Q1 24 | 50.2% | -5.6% |
| Q4 25 | -26.8% | 3.1% | ||
| Q3 25 | -22.6% | 0.3% | ||
| Q2 25 | -10.1% | -1.1% | ||
| Q1 25 | -7.2% | 0.2% | ||
| Q4 24 | -45.1% | -2.2% | ||
| Q3 24 | -20.9% | -1.9% | ||
| Q2 24 | 15.9% | -7.5% | ||
| Q1 24 | 23.5% | -7.0% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | — | ||
| Q2 25 | $-6.88 | — | ||
| Q1 25 | $-4.91 | — | ||
| Q4 24 | $-13.64 | — | ||
| Q3 24 | $-12.39 | — | ||
| Q2 24 | $2.50 | — | ||
| Q1 24 | $5.99 | — |
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 | $248.6M |
| Total DebtLower is stronger | $2.5B | $282.8M |
| Stockholders' EquityBook value | $-626.4M | $1.5B |
| Total Assets | $2.8B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $248.6M | ||
| Q3 25 | $81.9M | $203.9M | ||
| Q2 25 | $100.0M | $188.9M | ||
| Q1 25 | $85.8M | $134.3M | ||
| Q4 24 | $112.9M | $154.6M | ||
| Q3 24 | $119.7M | $102.6M | ||
| Q2 24 | $121.8M | $87.0M | ||
| Q1 24 | $111.1M | $49.5M |
| Q4 25 | $2.5B | $282.8M | ||
| Q3 25 | $2.6B | $284.6M | ||
| Q2 25 | $2.6B | $286.4M | ||
| Q1 25 | $2.7B | $288.2M | ||
| Q4 24 | $2.6B | $290.0M | ||
| Q3 24 | $2.7B | $287.3M | ||
| Q2 24 | $2.8B | $288.0M | ||
| Q1 24 | $2.9B | $288.8M |
| Q4 25 | $-626.4M | $1.5B | ||
| Q3 25 | $-548.7M | $1.5B | ||
| Q2 25 | $-485.5M | $1.5B | ||
| Q1 25 | $-446.1M | $1.5B | ||
| Q4 24 | $-419.2M | $1.4B | ||
| Q3 24 | $-288.4M | $1.4B | ||
| Q2 24 | $-225.9M | $1.4B | ||
| Q1 24 | $-276.8M | $1.4B |
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $3.5B | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $-86.8M | $46.6M |
| FCF MarginFCF / Revenue | -33.5% | 12.2% |
| Capex IntensityCapex / Revenue | 27.5% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $57.6M | ||
| Q3 25 | $5.5M | $27.3M | ||
| Q2 25 | $16.3M | $64.4M | ||
| Q1 25 | $-25.0M | $-3.1M | ||
| Q4 24 | $-23.6M | $62.3M | ||
| Q3 24 | $795.0K | $22.7M | ||
| Q2 24 | $8.0M | $44.1M | ||
| Q1 24 | $-46.5M | $-21.8M |
| Q4 25 | $-86.8M | $46.6M | ||
| Q3 25 | $-226.0K | $17.0M | ||
| Q2 25 | $-3.6M | $56.6M | ||
| Q1 25 | $-44.8M | $-10.3M | ||
| Q4 24 | $-131.6M | $56.0M | ||
| Q3 24 | $-21.8M | $17.7M | ||
| Q2 24 | $-22.9M | $39.0M | ||
| Q1 24 | $-80.4M | $-26.9M |
| Q4 25 | -33.5% | 12.2% | ||
| Q3 25 | -0.1% | 4.7% | ||
| Q2 25 | -1.2% | 16.4% | ||
| Q1 25 | -16.2% | -3.1% | ||
| Q4 24 | -47.8% | 17.2% | ||
| Q3 24 | -7.9% | 5.7% | ||
| Q2 24 | -7.2% | 12.5% | ||
| Q1 24 | -26.5% | -9.0% |
| Q4 25 | 27.5% | 2.9% | ||
| Q3 25 | 2.1% | 2.8% | ||
| Q2 25 | 6.6% | 2.2% | ||
| Q1 25 | 7.2% | 2.2% | ||
| Q4 24 | 39.2% | 1.9% | ||
| Q3 24 | 8.2% | 1.6% | ||
| Q2 24 | 9.8% | 1.6% | ||
| Q1 24 | 11.2% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| 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% |
LFST
Segment breakdown not available.
