vs
Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Mistras Group, Inc. (MG). 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 $181.5M, roughly 1.4× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -26.8%, a 28.8% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -6.0%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-86.8M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% 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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
AHT vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $181.5M |
| Net Profit | $-69.3M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | -2.6% | 7.0% |
| Net Margin | -26.8% | 2.1% |
| Revenue YoY | -6.0% | 5.1% |
| Net Profit YoY | 44.2% | -27.4% |
| EPS (diluted) | $-12.85 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $266.1M | $195.5M | ||
| Q2 25 | $302.0M | $185.4M | ||
| Q1 25 | $277.4M | $161.6M | ||
| Q4 24 | $275.5M | $172.7M | ||
| Q3 24 | $276.6M | $182.7M | ||
| Q2 24 | $316.5M | $189.8M | ||
| Q1 24 | $303.9M | $184.4M |
| Q4 25 | $-69.3M | $3.8M | ||
| Q3 25 | $-60.1M | $13.1M | ||
| Q2 25 | $-30.4M | $3.0M | ||
| Q1 25 | $-20.0M | $-3.2M | ||
| Q4 24 | $-124.2M | $5.2M | ||
| Q3 24 | $-57.9M | $6.4M | ||
| Q2 24 | $50.3M | $6.4M | ||
| Q1 24 | $71.6M | $995.0K |
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 25.0% |
| Q4 25 | -2.6% | 7.0% | ||
| Q3 25 | 4.6% | 10.4% | ||
| Q2 25 | 16.3% | 4.5% | ||
| Q1 25 | 22.2% | -0.6% | ||
| Q4 24 | -17.8% | 6.1% | ||
| Q3 24 | 7.3% | 6.5% | ||
| Q2 24 | 42.8% | 6.3% | ||
| Q1 24 | 50.2% | 3.0% |
| Q4 25 | -26.8% | 2.1% | ||
| Q3 25 | -22.6% | 6.7% | ||
| Q2 25 | -10.1% | 1.6% | ||
| Q1 25 | -7.2% | -2.0% | ||
| Q4 24 | -45.1% | 3.0% | ||
| Q3 24 | -20.9% | 3.5% | ||
| Q2 24 | 15.9% | 3.4% | ||
| Q1 24 | 23.5% | 0.5% |
| Q4 25 | $-12.85 | $0.12 | ||
| Q3 25 | $-11.35 | $0.41 | ||
| Q2 25 | $-6.88 | $0.10 | ||
| Q1 25 | $-4.91 | $-0.10 | ||
| Q4 24 | $-13.64 | $0.17 | ||
| Q3 24 | $-12.39 | $0.20 | ||
| Q2 24 | $2.50 | $0.20 | ||
| Q1 24 | $5.99 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | $2.5B | $178.0M |
| Stockholders' EquityBook value | $-626.4M | $235.1M |
| Total Assets | $2.8B | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $28.0M | ||
| Q3 25 | $81.9M | $27.8M | ||
| Q2 25 | $100.0M | $20.0M | ||
| Q1 25 | $85.8M | $18.5M | ||
| Q4 24 | $112.9M | $18.3M | ||
| Q3 24 | $119.7M | $20.4M | ||
| Q2 24 | $121.8M | $17.2M | ||
| Q1 24 | $111.1M | $16.9M |
| Q4 25 | $2.5B | $178.0M | ||
| Q3 25 | $2.6B | $202.3M | ||
| Q2 25 | $2.6B | $189.4M | ||
| Q1 25 | $2.7B | $171.9M | ||
| Q4 24 | $2.6B | $169.6M | ||
| Q3 24 | $2.7B | $189.7M | ||
| Q2 24 | $2.8B | $199.7M | ||
| Q1 24 | $2.9B | $198.4M |
| Q4 25 | $-626.4M | $235.1M | ||
| Q3 25 | $-548.7M | $227.4M | ||
| Q2 25 | $-485.5M | $215.8M | ||
| Q1 25 | $-446.1M | $198.7M | ||
| Q4 24 | $-419.2M | $198.6M | ||
| Q3 24 | $-288.4M | $205.2M | ||
| Q2 24 | $-225.9M | $193.2M | ||
| Q1 24 | $-276.8M | $187.1M |
| Q4 25 | $2.8B | $578.8M | ||
| Q3 25 | $3.0B | $596.3M | ||
| Q2 25 | $3.1B | $571.0M | ||
| Q1 25 | $3.1B | $526.8M | ||
| Q4 24 | $3.2B | $523.0M | ||
| Q3 24 | $3.3B | $551.7M | ||
| Q2 24 | $3.3B | $548.1M | ||
| Q1 24 | $3.5B | $542.1M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $-86.8M | $26.0M |
| FCF MarginFCF / Revenue | -33.5% | 14.3% |
| Capex IntensityCapex / Revenue | 27.5% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $32.1M | ||
| Q3 25 | $5.5M | $4.5M | ||
| Q2 25 | $16.3M | $-9.3M | ||
| Q1 25 | $-25.0M | $5.6M | ||
| Q4 24 | $-23.6M | $25.7M | ||
| Q3 24 | $795.0K | $19.4M | ||
| Q2 24 | $8.0M | $4.5M | ||
| Q1 24 | $-46.5M | $604.0K |
| Q4 25 | $-86.8M | $26.0M | ||
| Q3 25 | $-226.0K | $-4.1M | ||
| Q2 25 | $-3.6M | $-14.7M | ||
| Q1 25 | $-44.8M | $1.1M | ||
| Q4 24 | $-131.6M | $22.1M | ||
| Q3 24 | $-21.8M | $14.6M | ||
| Q2 24 | $-22.9M | $-284.0K | ||
| Q1 24 | $-80.4M | $-4.2M |
| Q4 25 | -33.5% | 14.3% | ||
| Q3 25 | -0.1% | -2.1% | ||
| Q2 25 | -1.2% | -7.9% | ||
| Q1 25 | -16.2% | 0.7% | ||
| Q4 24 | -47.8% | 12.8% | ||
| Q3 24 | -7.9% | 8.0% | ||
| Q2 24 | -7.2% | -0.1% | ||
| Q1 24 | -26.5% | -2.3% |
| Q4 25 | 27.5% | 3.4% | ||
| Q3 25 | 2.1% | 4.4% | ||
| Q2 25 | 6.6% | 2.9% | ||
| Q1 25 | 7.2% | 2.8% | ||
| Q4 24 | 39.2% | 2.1% | ||
| Q3 24 | 8.2% | 2.6% | ||
| Q2 24 | 9.8% | 2.5% | ||
| Q1 24 | 11.2% | 2.6% |
| Q4 25 | — | 8.55× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | -3.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.96× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | 0.16× | 0.71× | ||
| Q1 24 | -0.65× | 0.61× |
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% |
MG
Segment breakdown not available.
