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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and N-able, Inc. (NABL). 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 $130.3M, roughly 2.0× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -6.0%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $-86.8M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% 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.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
AHT vs NABL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $130.3M |
| Net Profit | $-69.3M | — |
| Gross Margin | — | 76.2% |
| Operating Margin | -2.6% | 10.2% |
| Net Margin | -26.8% | — |
| Revenue YoY | -6.0% | 11.8% |
| Net Profit YoY | 44.2% | — |
| EPS (diluted) | $-12.85 | $-0.04 |
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 | $130.3M | ||
| Q3 25 | $266.1M | $131.7M | ||
| Q2 25 | $302.0M | $131.2M | ||
| Q1 25 | $277.4M | $118.2M | ||
| Q4 24 | $275.5M | $116.5M | ||
| Q3 24 | $276.6M | $116.4M | ||
| Q2 24 | $316.5M | $119.4M | ||
| Q1 24 | $303.9M | $113.7M |
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $1.4M | ||
| Q2 25 | $-30.4M | $-4.0M | ||
| Q1 25 | $-20.0M | $-7.2M | ||
| Q4 24 | $-124.2M | — | ||
| Q3 24 | $-57.9M | $10.8M | ||
| Q2 24 | $50.3M | $9.5M | ||
| Q1 24 | $71.6M | $7.5M |
| Q4 25 | — | 76.2% | ||
| Q3 25 | — | 77.5% | ||
| Q2 25 | — | 78.1% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 80.0% | ||
| Q3 24 | — | 82.9% | ||
| Q2 24 | — | 84.0% | ||
| Q1 24 | — | 83.9% |
| Q4 25 | -2.6% | 10.2% | ||
| Q3 25 | 4.6% | 8.8% | ||
| Q2 25 | 16.3% | 7.7% | ||
| Q1 25 | 22.2% | 1.5% | ||
| Q4 24 | -17.8% | 13.7% | ||
| Q3 24 | 7.3% | 20.5% | ||
| Q2 24 | 42.8% | 18.4% | ||
| Q1 24 | 50.2% | 18.0% |
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | 1.1% | ||
| Q2 25 | -10.1% | -3.1% | ||
| Q1 25 | -7.2% | -6.1% | ||
| Q4 24 | -45.1% | — | ||
| Q3 24 | -20.9% | 9.2% | ||
| Q2 24 | 15.9% | 7.9% | ||
| Q1 24 | 23.5% | 6.6% |
| Q4 25 | $-12.85 | $-0.04 | ||
| Q3 25 | $-11.35 | $0.01 | ||
| Q2 25 | $-6.88 | $-0.02 | ||
| Q1 25 | $-4.91 | $-0.04 | ||
| Q4 24 | $-13.64 | $0.01 | ||
| Q3 24 | $-12.39 | $0.06 | ||
| Q2 24 | $2.50 | $0.05 | ||
| Q1 24 | $5.99 | $0.04 |
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 | $111.8M |
| Total DebtLower is stronger | $2.5B | $393.9M |
| Stockholders' EquityBook value | $-626.4M | $804.7M |
| Total Assets | $2.8B | $1.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $111.8M | ||
| Q3 25 | $81.9M | $101.4M | ||
| Q2 25 | $100.0M | $93.9M | ||
| Q1 25 | $85.8M | $94.1M | ||
| Q4 24 | $112.9M | $85.2M | ||
| Q3 24 | $119.7M | $174.4M | ||
| Q2 24 | $121.8M | $157.5M | ||
| Q1 24 | $111.1M | $139.2M |
| Q4 25 | $2.5B | $393.9M | ||
| Q3 25 | $2.6B | $331.7M | ||
| Q2 25 | $2.6B | $332.1M | ||
| Q1 25 | $2.7B | $332.6M | ||
| Q4 24 | $2.6B | $333.1M | ||
| Q3 24 | $2.7B | $333.6M | ||
| Q2 24 | $2.8B | $334.1M | ||
| Q1 24 | $2.9B | $334.5M |
| Q4 25 | $-626.4M | $804.7M | ||
| Q3 25 | $-548.7M | $813.4M | ||
| Q2 25 | $-485.5M | $809.4M | ||
| Q1 25 | $-446.1M | $775.1M | ||
| Q4 24 | $-419.2M | $759.3M | ||
| Q3 24 | $-288.4M | $765.0M | ||
| Q2 24 | $-225.9M | $724.4M | ||
| Q1 24 | $-276.8M | $709.1M |
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.5B | $1.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $-86.8M | $20.9M |
| FCF MarginFCF / Revenue | -33.5% | 16.0% |
| Capex IntensityCapex / Revenue | 27.5% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $25.3M | ||
| Q3 25 | $5.5M | $24.0M | ||
| Q2 25 | $16.3M | $24.2M | ||
| Q1 25 | $-25.0M | $19.7M | ||
| Q4 24 | $-23.6M | $26.0M | ||
| Q3 24 | $795.0K | $22.0M | ||
| Q2 24 | $8.0M | $27.3M | ||
| Q1 24 | $-46.5M | $4.2M |
| Q4 25 | $-86.8M | $20.9M | ||
| Q3 25 | $-226.0K | $17.4M | ||
| Q2 25 | $-3.6M | $20.4M | ||
| Q1 25 | $-44.8M | $16.4M | ||
| Q4 24 | $-131.6M | $18.8M | ||
| Q3 24 | $-21.8M | $18.2M | ||
| Q2 24 | $-22.9M | $24.0M | ||
| Q1 24 | $-80.4M | $746.0K |
| Q4 25 | -33.5% | 16.0% | ||
| Q3 25 | -0.1% | 13.2% | ||
| Q2 25 | -1.2% | 15.5% | ||
| Q1 25 | -16.2% | 13.9% | ||
| Q4 24 | -47.8% | 16.2% | ||
| Q3 24 | -7.9% | 15.7% | ||
| Q2 24 | -7.2% | 20.1% | ||
| Q1 24 | -26.5% | 0.7% |
| Q4 25 | 27.5% | 3.4% | ||
| Q3 25 | 2.1% | 5.0% | ||
| Q2 25 | 6.6% | 2.9% | ||
| Q1 25 | 7.2% | 2.8% | ||
| Q4 24 | 39.2% | 6.1% | ||
| Q3 24 | 8.2% | 3.2% | ||
| Q2 24 | 9.8% | 2.7% | ||
| Q1 24 | 11.2% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 17.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | 0.16× | 2.89× | ||
| Q1 24 | -0.65× | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
