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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $259.0M, roughly 1.3× ASHFORD HOSPITALITY TRUST INC). ASHFORD HOSPITALITY TRUST INC runs the higher net margin — -26.8% vs -259.7%, a 232.9% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -7.0%). ASHFORD HOSPITALITY TRUST INC produced more free cash flow last quarter ($-86.8M vs $-134.8M). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
AHT vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $326.2M |
| Net Profit | $-69.3M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | -2.6% | -193.0% |
| Net Margin | -26.8% | -259.7% |
| Revenue YoY | -6.0% | -7.0% |
| Net Profit YoY | 44.2% | -277.4% |
| EPS (diluted) | $-12.85 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $266.1M | $240.3M | ||
| Q2 25 | $302.0M | $228.1M | ||
| Q1 25 | $277.4M | $384.9M | ||
| Q4 24 | $275.5M | $350.7M | ||
| Q3 24 | $276.6M | $446.0M | ||
| Q2 24 | $316.5M | $291.2M | ||
| Q1 24 | $303.9M | $609.5M |
| Q4 25 | $-69.3M | $-847.1M | ||
| Q3 25 | $-60.1M | $-263.0M | ||
| Q2 25 | $-30.4M | $-546.5M | ||
| Q1 25 | $-20.0M | $-175.4M | ||
| Q4 24 | $-124.2M | $-224.4M | ||
| Q3 24 | $-57.9M | $9.3M | ||
| Q2 24 | $50.3M | $-88.9M | ||
| Q1 24 | $71.6M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | -2.6% | -193.0% | ||
| Q3 25 | 4.6% | -37.4% | ||
| Q2 25 | 16.3% | -170.3% | ||
| Q1 25 | 22.2% | -3.3% | ||
| Q4 24 | -17.8% | 65.0% | ||
| Q3 24 | 7.3% | 17.8% | ||
| Q2 24 | 42.8% | 12.3% | ||
| Q1 24 | 50.2% | 30.4% |
| Q4 25 | -26.8% | -259.7% | ||
| Q3 25 | -22.6% | -109.4% | ||
| Q2 25 | -10.1% | -239.6% | ||
| Q1 25 | -7.2% | -45.6% | ||
| Q4 24 | -45.1% | -64.0% | ||
| Q3 24 | -20.9% | 2.1% | ||
| Q2 24 | 15.9% | -30.5% | ||
| Q1 24 | 23.5% | 8.9% |
| Q4 25 | $-12.85 | $-3.03 | ||
| Q3 25 | $-11.35 | $-0.96 | ||
| Q2 25 | $-6.88 | $-1.99 | ||
| Q1 25 | $-4.91 | $-0.65 | ||
| Q4 24 | $-13.64 | $-1.10 | ||
| Q3 24 | $-12.39 | $0.03 | ||
| Q2 24 | $2.50 | $-0.42 | ||
| Q1 24 | $5.99 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $2.5B | $8.2B |
| Stockholders' EquityBook value | $-626.4M | $182.6M |
| Total Assets | $2.8B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $226.5M | ||
| Q3 25 | $81.9M | $145.2M | ||
| Q2 25 | $100.0M | $551.1M | ||
| Q1 25 | $85.8M | $447.9M | ||
| Q4 24 | $112.9M | $492.9M | ||
| Q3 24 | $119.7M | $90.8M | ||
| Q2 24 | $121.8M | $133.0M | ||
| Q1 24 | $111.1M | $143.5M |
| Q4 25 | $2.5B | $8.2B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $8.9B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $182.6M | ||
| Q3 25 | $-548.7M | $1.1B | ||
| Q2 25 | $-485.5M | $1.3B | ||
| Q1 25 | $-446.1M | $1.8B | ||
| Q4 24 | $-419.2M | $1.9B | ||
| Q3 24 | $-288.4M | $1.6B | ||
| Q2 24 | $-225.9M | $1.6B | ||
| Q1 24 | $-276.8M | $1.7B |
| Q4 25 | $2.8B | $10.6B | ||
| Q3 25 | $3.0B | $12.0B | ||
| Q2 25 | $3.1B | $12.0B | ||
| Q1 25 | $3.1B | $13.1B | ||
| Q4 24 | $3.2B | $12.9B | ||
| Q3 24 | $3.3B | $12.0B | ||
| Q2 24 | $3.3B | $11.4B | ||
| Q1 24 | $3.5B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.7M | $-76.2M |
| Free Cash FlowOCF − Capex | $-86.8M | $-134.8M |
| FCF MarginFCF / Revenue | -33.5% | -41.3% |
| Capex IntensityCapex / Revenue | 27.5% | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $-76.2M | ||
| Q3 25 | $5.5M | $-171.0M | ||
| Q2 25 | $16.3M | $-329.0M | ||
| Q1 25 | $-25.0M | $-7.2M | ||
| Q4 24 | $-23.6M | $445.3M | ||
| Q3 24 | $795.0K | $-20.0M | ||
| Q2 24 | $8.0M | $113.9M | ||
| Q1 24 | $-46.5M | $63.0M |
| Q4 25 | $-86.8M | $-134.8M | ||
| Q3 25 | $-226.0K | $-231.6M | ||
| Q2 25 | $-3.6M | $-726.7M | ||
| Q1 25 | $-44.8M | $-262.3M | ||
| Q4 24 | $-131.6M | $-210.3M | ||
| Q3 24 | $-21.8M | $-367.0M | ||
| Q2 24 | $-22.9M | $-493.2M | ||
| Q1 24 | $-80.4M | $-457.9M |
| Q4 25 | -33.5% | -41.3% | ||
| Q3 25 | -0.1% | -96.4% | ||
| Q2 25 | -1.2% | -318.6% | ||
| Q1 25 | -16.2% | -68.2% | ||
| Q4 24 | -47.8% | -60.0% | ||
| Q3 24 | -7.9% | -82.3% | ||
| Q2 24 | -7.2% | -169.3% | ||
| Q1 24 | -26.5% | -75.1% |
| Q4 25 | 27.5% | 18.0% | ||
| Q3 25 | 2.1% | 25.2% | ||
| Q2 25 | 6.6% | 174.4% | ||
| Q1 25 | 7.2% | 66.3% | ||
| Q4 24 | 39.2% | 187.0% | ||
| Q3 24 | 8.2% | 77.8% | ||
| Q2 24 | 9.8% | 208.4% | ||
| Q1 24 | 11.2% | 85.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | -0.65× | 1.16× |
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% |
NFE
Segment breakdown not available.
