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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $259.0M, roughly 1.7× ASHFORD HOSPITALITY TRUST INC). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -26.8%, a 54.6% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -6.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (0.9% 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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
AHT vs NJR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $440.9M |
| Net Profit | $-69.3M | $122.5M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 40.6% |
| Net Margin | -26.8% | 27.8% |
| Revenue YoY | -6.0% | 22.8% |
| Net Profit YoY | 44.2% | -6.7% |
| EPS (diluted) | $-12.85 | $1.21 |
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 | $440.9M | ||
| Q3 25 | $266.1M | $188.3M | ||
| Q2 25 | $302.0M | $234.8M | ||
| Q1 25 | $277.4M | $569.2M | ||
| Q4 24 | $275.5M | $359.0M | ||
| Q3 24 | $276.6M | $265.7M | ||
| Q2 24 | $316.5M | $209.9M | ||
| Q1 24 | $303.9M | $433.2M |
| Q4 25 | $-69.3M | $122.5M | ||
| Q3 25 | $-60.1M | $15.1M | ||
| Q2 25 | $-30.4M | $-15.1M | ||
| Q1 25 | $-20.0M | $204.3M | ||
| Q4 24 | $-124.2M | $131.3M | ||
| Q3 24 | $-57.9M | $91.1M | ||
| Q2 24 | $50.3M | $-11.6M | ||
| Q1 24 | $71.6M | $120.8M |
| Q4 25 | -2.6% | 40.6% | ||
| Q3 25 | 4.6% | 21.5% | ||
| Q2 25 | 16.3% | -0.5% | ||
| Q1 25 | 22.2% | 49.2% | ||
| Q4 24 | -17.8% | 52.8% | ||
| Q3 24 | 7.3% | 55.0% | ||
| Q2 24 | 42.8% | 2.8% | ||
| Q1 24 | 50.2% | 39.3% |
| Q4 25 | -26.8% | 27.8% | ||
| Q3 25 | -22.6% | 8.0% | ||
| Q2 25 | -10.1% | -6.4% | ||
| Q1 25 | -7.2% | 35.9% | ||
| Q4 24 | -45.1% | 36.6% | ||
| Q3 24 | -20.9% | 34.3% | ||
| Q2 24 | 15.9% | -5.5% | ||
| Q1 24 | 23.5% | 27.9% |
| Q4 25 | $-12.85 | $1.21 | ||
| Q3 25 | $-11.35 | $0.15 | ||
| Q2 25 | $-6.88 | $-0.15 | ||
| Q1 25 | $-4.91 | $2.02 | ||
| Q4 24 | $-13.64 | $1.31 | ||
| Q3 24 | $-12.39 | $0.91 | ||
| Q2 24 | $2.50 | $-0.12 | ||
| Q1 24 | $5.99 | $1.22 |
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 | $2.4M |
| Total DebtLower is stronger | $2.5B | $3.3B |
| Stockholders' EquityBook value | $-626.4M | $2.5B |
| Total Assets | $2.8B | $7.9B |
| Debt / EquityLower = less leverage | — | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $2.4M | ||
| Q3 25 | $81.9M | $591.0K | ||
| Q2 25 | $100.0M | $931.0K | ||
| Q1 25 | $85.8M | $83.7M | ||
| Q4 24 | $112.9M | $1.9M | ||
| Q3 24 | $119.7M | $1.0M | ||
| Q2 24 | $121.8M | $22.4M | ||
| Q1 24 | $111.1M | $5.0M |
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.6B | $3.3B | ||
| Q2 25 | $2.6B | $3.0B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.6B | $3.0B | ||
| Q3 24 | $2.7B | $2.9B | ||
| Q2 24 | $2.8B | $2.8B | ||
| Q1 24 | $2.9B | $2.7B |
| Q4 25 | $-626.4M | $2.5B | ||
| Q3 25 | $-548.7M | $2.4B | ||
| Q2 25 | $-485.5M | $2.4B | ||
| Q1 25 | $-446.1M | $2.5B | ||
| Q4 24 | $-419.2M | $2.3B | ||
| Q3 24 | $-288.4M | $2.2B | ||
| Q2 24 | $-225.9M | $2.1B | ||
| Q1 24 | $-276.8M | $2.2B |
| Q4 25 | $2.8B | $7.9B | ||
| Q3 25 | $3.0B | $7.6B | ||
| Q2 25 | $3.1B | $7.3B | ||
| Q1 25 | $3.1B | $7.3B | ||
| Q4 24 | $3.2B | $7.2B | ||
| Q3 24 | $3.3B | $7.0B | ||
| Q2 24 | $3.3B | $6.8B | ||
| Q1 24 | $3.5B | $6.6B |
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.25× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | $-86.8M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 27.5% | — |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $26.7M | ||
| Q3 25 | $5.5M | $81.2M | ||
| Q2 25 | $16.3M | $-28.9M | ||
| Q1 25 | $-25.0M | $423.0M | ||
| Q4 24 | $-23.6M | $-9.0M | ||
| Q3 24 | $795.0K | $64.5M | ||
| Q2 24 | $8.0M | $24.3M | ||
| Q1 24 | $-46.5M | $292.2M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 5.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | — | -0.07× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | 0.16× | — | ||
| 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% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
