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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Pediatrix Medical Group, Inc. (MD). Click either name above to swap in a different company.

Pediatrix Medical Group, Inc. is the larger business by last-quarter revenue ($493.8M vs $259.0M, roughly 1.9× ASHFORD HOSPITALITY TRUST INC). Pediatrix Medical Group, Inc. runs the higher net margin — 6.8% vs -26.8%, a 33.6% gap on every dollar of revenue. On growth, Pediatrix Medical Group, Inc. posted the faster year-over-year revenue change (-1.7% vs -6.0%). Over the past eight quarters, Pediatrix Medical Group, Inc.'s revenue compounded faster (-0.1% 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.

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

AHT vs MD — Head-to-Head

Bigger by revenue
MD
MD
1.9× larger
MD
$493.8M
$259.0M
AHT
Growing faster (revenue YoY)
MD
MD
+4.3% gap
MD
-1.7%
-6.0%
AHT
Higher net margin
MD
MD
33.6% more per $
MD
6.8%
-26.8%
AHT
Faster 2-yr revenue CAGR
MD
MD
Annualised
MD
-0.1%
-7.7%
AHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHT
AHT
MD
MD
Revenue
$259.0M
$493.8M
Net Profit
$-69.3M
$33.7M
Gross Margin
Operating Margin
-2.6%
9.9%
Net Margin
-26.8%
6.8%
Revenue YoY
-6.0%
-1.7%
Net Profit YoY
44.2%
10.5%
EPS (diluted)
$-12.85
$0.40

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.

Revenue
AHT
AHT
MD
MD
Q4 25
$259.0M
$493.8M
Q3 25
$266.1M
$492.9M
Q2 25
$302.0M
$468.8M
Q1 25
$277.4M
$458.4M
Q4 24
$275.5M
$502.4M
Q3 24
$276.6M
$511.2M
Q2 24
$316.5M
$504.3M
Q1 24
$303.9M
$495.1M
Net Profit
AHT
AHT
MD
MD
Q4 25
$-69.3M
$33.7M
Q3 25
$-60.1M
$71.7M
Q2 25
$-30.4M
$39.3M
Q1 25
$-20.0M
$20.7M
Q4 24
$-124.2M
$30.5M
Q3 24
$-57.9M
$19.4M
Q2 24
$50.3M
$-153.0M
Q1 24
$71.6M
$4.0M
Operating Margin
AHT
AHT
MD
MD
Q4 25
-2.6%
9.9%
Q3 25
4.6%
13.8%
Q2 25
16.3%
12.8%
Q1 25
22.2%
7.0%
Q4 24
-17.8%
7.8%
Q3 24
7.3%
6.6%
Q2 24
42.8%
-31.3%
Q1 24
50.2%
3.2%
Net Margin
AHT
AHT
MD
MD
Q4 25
-26.8%
6.8%
Q3 25
-22.6%
14.5%
Q2 25
-10.1%
8.4%
Q1 25
-7.2%
4.5%
Q4 24
-45.1%
6.1%
Q3 24
-20.9%
3.8%
Q2 24
15.9%
-30.3%
Q1 24
23.5%
0.8%
EPS (diluted)
AHT
AHT
MD
MD
Q4 25
$-12.85
$0.40
Q3 25
$-11.35
$0.84
Q2 25
$-6.88
$0.46
Q1 25
$-4.91
$0.24
Q4 24
$-13.64
$0.37
Q3 24
$-12.39
$0.23
Q2 24
$2.50
$-1.84
Q1 24
$5.99
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHT
AHT
MD
MD
Cash + ST InvestmentsLiquidity on hand
$66.1M
$375.2M
Total DebtLower is stronger
$2.5B
$570.5M
Stockholders' EquityBook value
$-626.4M
$865.9M
Total Assets
$2.8B
$2.2B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
MD
MD
Q4 25
$66.1M
$375.2M
Q3 25
$81.9M
$340.1M
Q2 25
$100.0M
$224.7M
Q1 25
$85.8M
$99.0M
Q4 24
$112.9M
$229.9M
Q3 24
$119.7M
$103.8M
Q2 24
$121.8M
$19.4M
Q1 24
$111.1M
$8.0M
Total Debt
AHT
AHT
MD
MD
Q4 25
$2.5B
$570.5M
Q3 25
$2.6B
$577.2M
Q2 25
$2.6B
$583.9M
Q1 25
$2.7B
$590.5M
Q4 24
$2.6B
$597.1M
Q3 24
$2.7B
Q2 24
$2.8B
Q1 24
$2.9B
Stockholders' Equity
AHT
AHT
MD
MD
Q4 25
$-626.4M
$865.9M
Q3 25
$-548.7M
$890.7M
Q2 25
$-485.5M
$833.8M
Q1 25
$-446.1M
$789.2M
Q4 24
$-419.2M
$764.9M
Q3 24
$-288.4M
$732.5M
Q2 24
$-225.9M
$706.5M
Q1 24
$-276.8M
$856.2M
Total Assets
AHT
AHT
MD
MD
Q4 25
$2.8B
$2.2B
Q3 25
$3.0B
$2.2B
Q2 25
$3.1B
$2.1B
Q1 25
$3.1B
$2.0B
Q4 24
$3.2B
$2.2B
Q3 24
$3.3B
$2.1B
Q2 24
$3.3B
$2.0B
Q1 24
$3.5B
$2.2B
Debt / Equity
AHT
AHT
MD
MD
Q4 25
0.66×
Q3 25
0.65×
Q2 25
0.70×
Q1 25
0.75×
Q4 24
0.78×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AHT
AHT
MD
MD
Operating Cash FlowLast quarter
$-15.7M
$114.1M
Free Cash FlowOCF − Capex
$-86.8M
FCF MarginFCF / Revenue
-33.5%
Capex IntensityCapex / Revenue
27.5%
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters
$-135.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
MD
MD
Q4 25
$-15.7M
$114.1M
Q3 25
$5.5M
$137.3M
Q2 25
$16.3M
$137.2M
Q1 25
$-25.0M
$-117.5M
Q4 24
$-23.6M
$133.0M
Q3 24
$795.0K
$91.8M
Q2 24
$8.0M
$107.0M
Q1 24
$-46.5M
$-125.2M
Free Cash Flow
AHT
AHT
MD
MD
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
FCF Margin
AHT
AHT
MD
MD
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%
Capex Intensity
AHT
AHT
MD
MD
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%
Cash Conversion
AHT
AHT
MD
MD
Q4 25
3.39×
Q3 25
1.91×
Q2 25
3.49×
Q1 25
-5.66×
Q4 24
4.36×
Q3 24
4.72×
Q2 24
0.16×
Q1 24
-0.65×
-31.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHT
AHT

Occupancy$190.2M73%
Food And Beverage$51.8M20%
Hotel Other$16.6M6%

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

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