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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and MASIMO CORP (MASI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $259.0M, roughly 1.4× ASHFORD HOSPITALITY TRUST INC). ASHFORD HOSPITALITY TRUST INC runs the higher net margin — -26.8% vs -27.0%, a 0.3% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-86.8M). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -17.7%).
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.
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
AHT vs MASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $371.5M |
| Net Profit | $-69.3M | $-100.4M |
| Gross Margin | — | 62.1% |
| Operating Margin | -2.6% | 22.5% |
| Net Margin | -26.8% | -27.0% |
| Revenue YoY | -6.0% | -26.4% |
| Net Profit YoY | 44.2% | -1124.5% |
| EPS (diluted) | $-12.85 | $-1.84 |
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 | $371.5M | ||
| Q2 25 | $302.0M | $370.9M | ||
| Q1 25 | $277.4M | $372.0M | ||
| Q4 24 | $275.5M | $600.7M | ||
| Q3 24 | $276.6M | $504.6M | ||
| Q2 24 | $316.5M | $496.3M | ||
| Q1 24 | $303.9M | $492.8M |
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $-100.4M | ||
| Q2 25 | $-30.4M | $51.3M | ||
| Q1 25 | $-20.0M | $-170.7M | ||
| Q4 24 | $-124.2M | $-349.6M | ||
| Q3 24 | $-57.9M | $9.8M | ||
| Q2 24 | $50.3M | $16.0M | ||
| Q1 24 | $71.6M | $18.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 49.0% |
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | 22.5% | ||
| Q2 25 | 16.3% | 17.4% | ||
| Q1 25 | 22.2% | 21.0% | ||
| Q4 24 | -17.8% | -59.8% | ||
| Q3 24 | 7.3% | 6.0% | ||
| Q2 24 | 42.8% | 5.7% | ||
| Q1 24 | 50.2% | 6.9% |
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | -27.0% | ||
| Q2 25 | -10.1% | 13.8% | ||
| Q1 25 | -7.2% | -45.9% | ||
| Q4 24 | -45.1% | -58.2% | ||
| Q3 24 | -20.9% | 1.9% | ||
| Q2 24 | 15.9% | 3.2% | ||
| Q1 24 | 23.5% | 3.8% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | $-1.84 | ||
| Q2 25 | $-6.88 | $0.94 | ||
| Q1 25 | $-4.91 | $-3.12 | ||
| Q4 24 | $-13.64 | $-6.54 | ||
| Q3 24 | $-12.39 | $0.18 | ||
| Q2 24 | $2.50 | $0.29 | ||
| Q1 24 | $5.99 | $0.35 |
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 | $312.3M |
| Total DebtLower is stronger | $2.5B | $559.1M |
| Stockholders' EquityBook value | $-626.4M | $810.0M |
| Total Assets | $2.8B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | $312.3M | ||
| Q2 25 | $100.0M | $149.6M | ||
| Q1 25 | $85.8M | $130.8M | ||
| Q4 24 | $112.9M | $177.6M | ||
| Q3 24 | $119.7M | $158.5M | ||
| Q2 24 | $121.8M | $129.6M | ||
| Q1 24 | $111.1M | $157.6M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $559.1M | ||
| Q2 25 | $2.6B | $613.7M | ||
| Q1 25 | $2.7B | $651.0M | ||
| Q4 24 | $2.6B | $765.2M | ||
| Q3 24 | $2.7B | $772.6M | ||
| Q2 24 | $2.8B | $781.6M | ||
| Q1 24 | $2.9B | $876.0M |
| Q4 25 | $-626.4M | — | ||
| Q3 25 | $-548.7M | $810.0M | ||
| Q2 25 | $-485.5M | $1.0B | ||
| Q1 25 | $-446.1M | $946.4M | ||
| Q4 24 | $-419.2M | $1.1B | ||
| Q3 24 | $-288.4M | $1.5B | ||
| Q2 24 | $-225.9M | $1.4B | ||
| Q1 24 | $-276.8M | $1.4B |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.0B | $1.8B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.5B | $3.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| Free Cash FlowOCF − Capex | $-86.8M | $50.9M |
| FCF MarginFCF / Revenue | -33.5% | 13.7% |
| Capex IntensityCapex / Revenue | 27.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | $56.8M | ||
| Q2 25 | $16.3M | $69.4M | ||
| Q1 25 | $-25.0M | $31.1M | ||
| Q4 24 | $-23.6M | $50.5M | ||
| Q3 24 | $795.0K | $25.6M | ||
| Q2 24 | $8.0M | $74.5M | ||
| Q1 24 | $-46.5M | $45.8M |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | $50.9M | ||
| Q2 25 | $-3.6M | $65.6M | ||
| Q1 25 | $-44.8M | $28.5M | ||
| Q4 24 | $-131.6M | $46.0M | ||
| Q3 24 | $-21.8M | $16.9M | ||
| Q2 24 | $-22.9M | $66.9M | ||
| Q1 24 | $-80.4M | $37.6M |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | 13.7% | ||
| Q2 25 | -1.2% | 17.7% | ||
| Q1 25 | -16.2% | 7.7% | ||
| Q4 24 | -47.8% | 7.7% | ||
| Q3 24 | -7.9% | 3.3% | ||
| Q2 24 | -7.2% | 13.5% | ||
| Q1 24 | -26.5% | 7.6% |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 6.6% | 1.0% | ||
| Q1 25 | 7.2% | 0.7% | ||
| Q4 24 | 39.2% | 0.7% | ||
| Q3 24 | 8.2% | 1.7% | ||
| Q2 24 | 9.8% | 1.5% | ||
| Q1 24 | 11.2% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | 0.16× | 4.66× | ||
| Q1 24 | -0.65× | 2.42× |
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% |
MASI
Segment breakdown not available.
