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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Loar Holdings Inc. (LOAR). 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 $131.8M, roughly 2.0× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -26.8%, a 36.3% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -6.0%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
AHT vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $131.8M |
| Net Profit | $-69.3M | $12.5M |
| Gross Margin | — | 52.1% |
| Operating Margin | -2.6% | 18.0% |
| Net Margin | -26.8% | 9.5% |
| Revenue YoY | -6.0% | 19.3% |
| Net Profit YoY | 44.2% | 239.5% |
| EPS (diluted) | $-12.85 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $266.1M | $126.8M | ||
| Q2 25 | $302.0M | $123.1M | ||
| Q1 25 | $277.4M | $114.7M | ||
| Q4 24 | $275.5M | $110.4M | ||
| Q3 24 | $276.6M | $103.5M | ||
| Q2 24 | $316.5M | $97.0M | ||
| Q1 24 | $303.9M | $91.8M |
| Q4 25 | $-69.3M | $12.5M | ||
| Q3 25 | $-60.1M | $27.6M | ||
| Q2 25 | $-30.4M | $16.7M | ||
| Q1 25 | $-20.0M | $15.3M | ||
| Q4 24 | $-124.2M | $3.7M | ||
| Q3 24 | $-57.9M | $8.7M | ||
| Q2 24 | $50.3M | $7.6M | ||
| Q1 24 | $71.6M | $2.2M |
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | -2.6% | 18.0% | ||
| Q3 25 | 4.6% | 22.9% | ||
| Q2 25 | 16.3% | 22.2% | ||
| Q1 25 | 22.2% | 22.8% | ||
| Q4 24 | -17.8% | 19.2% | ||
| Q3 24 | 7.3% | 22.1% | ||
| Q2 24 | 42.8% | 22.9% | ||
| Q1 24 | 50.2% | 23.3% |
| Q4 25 | -26.8% | 9.5% | ||
| Q3 25 | -22.6% | 21.8% | ||
| Q2 25 | -10.1% | 13.6% | ||
| Q1 25 | -7.2% | 13.4% | ||
| Q4 24 | -45.1% | 3.3% | ||
| Q3 24 | -20.9% | 8.4% | ||
| Q2 24 | 15.9% | 7.9% | ||
| Q1 24 | 23.5% | 2.4% |
| Q4 25 | $-12.85 | $0.13 | ||
| Q3 25 | $-11.35 | $0.29 | ||
| Q2 25 | $-6.88 | $0.17 | ||
| Q1 25 | $-4.91 | $0.16 | ||
| Q4 24 | $-13.64 | $-11023.48 | ||
| Q3 24 | $-12.39 | $0.09 | ||
| Q2 24 | $2.50 | $0.09 | ||
| Q1 24 | $5.99 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | $2.5B | $715.7M |
| Stockholders' EquityBook value | $-626.4M | $1.2B |
| Total Assets | $2.8B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $84.8M | ||
| Q3 25 | $81.9M | $99.0M | ||
| Q2 25 | $100.0M | $103.3M | ||
| Q1 25 | $85.8M | $80.5M | ||
| Q4 24 | $112.9M | $54.1M | ||
| Q3 24 | $119.7M | $55.2M | ||
| Q2 24 | $121.8M | $73.2M | ||
| Q1 24 | $111.1M | $28.2M |
| Q4 25 | $2.5B | $715.7M | ||
| Q3 25 | $2.6B | $279.4M | ||
| Q2 25 | $2.6B | $277.7M | ||
| Q1 25 | $2.7B | $277.5M | ||
| Q4 24 | $2.6B | $277.3M | ||
| Q3 24 | $2.7B | $602.1M | ||
| Q2 24 | $2.8B | $250.7M | ||
| Q1 24 | $2.9B | $534.2M |
| Q4 25 | $-626.4M | $1.2B | ||
| Q3 25 | $-548.7M | $1.2B | ||
| Q2 25 | $-485.5M | $1.1B | ||
| Q1 25 | $-446.1M | $1.1B | ||
| Q4 24 | $-419.2M | $1.1B | ||
| Q3 24 | $-288.4M | $769.8M | ||
| Q2 24 | $-225.9M | $758.4M | ||
| Q1 24 | $-276.8M | $420.6M |
| Q4 25 | $2.8B | $2.0B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.3B | $1.1B | ||
| Q1 24 | $3.5B | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $-86.8M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 27.5% | — |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $30.4M | ||
| Q3 25 | $5.5M | $29.7M | ||
| Q2 25 | $16.3M | $23.8M | ||
| Q1 25 | $-25.0M | $28.4M | ||
| Q4 24 | $-23.6M | $20.7M | ||
| Q3 24 | $795.0K | $16.3M | ||
| Q2 24 | $8.0M | $7.1M | ||
| Q1 24 | $-46.5M | $10.8M |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | — | ||
| Q2 25 | $-3.6M | — | ||
| Q1 25 | $-44.8M | — | ||
| Q4 24 | $-131.6M | — | ||
| Q3 24 | $-21.8M | — | ||
| Q2 24 | $-22.9M | — | ||
| Q1 24 | $-80.4M | — |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -16.2% | — | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -7.2% | — | ||
| Q1 24 | -26.5% | — |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 11.2% | — |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | 0.16× | 0.93× | ||
| Q1 24 | -0.65× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
