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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Nutex Health, Inc. (NUTX). 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 $151.7M, roughly 1.7× Nutex Health, Inc.). Nutex Health, Inc. runs the higher net margin — 7.8% vs -26.8%, a 34.6% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $-86.8M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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.
Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.
AHT vs NUTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $151.7M |
| Net Profit | $-69.3M | $11.8M |
| Gross Margin | — | 30.4% |
| Operating Margin | -2.6% | 20.4% |
| Net Margin | -26.8% | 7.8% |
| Revenue YoY | -6.0% | -41.1% |
| Net Profit YoY | 44.2% | -80.8% |
| EPS (diluted) | $-12.85 | $2.34 |
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 | $151.7M | ||
| Q3 25 | $266.1M | $267.8M | ||
| Q2 25 | $302.0M | $244.0M | ||
| Q1 25 | $277.4M | $211.8M | ||
| Q4 24 | $275.5M | $257.6M | ||
| Q3 24 | $276.6M | $78.8M | ||
| Q2 24 | $316.5M | $76.1M | ||
| Q1 24 | $303.9M | $67.5M |
| Q4 25 | $-69.3M | $11.8M | ||
| Q3 25 | $-60.1M | $55.4M | ||
| Q2 25 | $-30.4M | $-17.7M | ||
| Q1 25 | $-20.0M | $21.2M | ||
| Q4 24 | $-124.2M | $61.6M | ||
| Q3 24 | $-57.9M | $-8.8M | ||
| Q2 24 | $50.3M | $-364.0K | ||
| Q1 24 | $71.6M | $-364.0K |
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 57.8% | ||
| Q2 25 | — | 51.2% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 55.0% | ||
| Q3 24 | — | 27.8% | ||
| Q2 24 | — | 29.7% | ||
| Q1 24 | — | 15.1% |
| Q4 25 | -2.6% | 20.4% | ||
| Q3 25 | 4.6% | 48.7% | ||
| Q2 25 | 16.3% | 13.8% | ||
| Q1 25 | 22.2% | 38.1% | ||
| Q4 24 | -17.8% | 44.4% | ||
| Q3 24 | 7.3% | 12.3% | ||
| Q2 24 | 42.8% | 7.0% | ||
| Q1 24 | 50.2% | 2.1% |
| Q4 25 | -26.8% | 7.8% | ||
| Q3 25 | -22.6% | 20.7% | ||
| Q2 25 | -10.1% | -7.3% | ||
| Q1 25 | -7.2% | 10.0% | ||
| Q4 24 | -45.1% | 23.9% | ||
| Q3 24 | -20.9% | -11.2% | ||
| Q2 24 | 15.9% | -0.5% | ||
| Q1 24 | 23.5% | -0.5% |
| Q4 25 | $-12.85 | $2.34 | ||
| Q3 25 | $-11.35 | $7.76 | ||
| Q2 25 | $-6.88 | $-2.95 | ||
| Q1 25 | $-4.91 | $3.33 | ||
| Q4 24 | $-13.64 | $11.56 | ||
| Q3 24 | $-12.39 | $-1.72 | ||
| Q2 24 | $2.50 | $-0.07 | ||
| Q1 24 | $5.99 | $-0.08 |
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 | $185.6M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $329.4M |
| Total Assets | $2.8B | $918.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $185.6M | ||
| Q3 25 | $81.9M | $166.0M | ||
| Q2 25 | $100.0M | $96.7M | ||
| Q1 25 | $85.8M | $84.7M | ||
| Q4 24 | $112.9M | $40.6M | ||
| Q3 24 | $119.7M | $46.9M | ||
| Q2 24 | $121.8M | $40.8M | ||
| Q1 24 | $111.1M | $30.0M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $329.4M | ||
| Q3 25 | $-548.7M | $317.2M | ||
| Q2 25 | $-485.5M | $235.3M | ||
| Q1 25 | $-446.1M | $176.9M | ||
| Q4 24 | $-419.2M | $132.4M | ||
| Q3 24 | $-288.4M | $60.4M | ||
| Q2 24 | $-225.9M | $62.7M | ||
| Q1 24 | $-276.8M | $63.0M |
| Q4 25 | $2.8B | $918.5M | ||
| Q3 25 | $3.0B | $964.5M | ||
| Q2 25 | $3.1B | $841.0M | ||
| Q1 25 | $3.1B | $761.9M | ||
| Q4 24 | $3.2B | $655.3M | ||
| Q3 24 | $3.3B | $438.5M | ||
| Q2 24 | $3.3B | $422.4M | ||
| Q1 24 | $3.5B | $404.3M |
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 | $70.4M |
| Free Cash FlowOCF − Capex | $-86.8M | $69.0M |
| FCF MarginFCF / Revenue | -33.5% | 45.5% |
| Capex IntensityCapex / Revenue | 27.5% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $245.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $70.4M | ||
| Q3 25 | $5.5M | $99.5M | ||
| Q2 25 | $16.3M | $27.3M | ||
| Q1 25 | $-25.0M | $51.0M | ||
| Q4 24 | $-23.6M | $54.0K | ||
| Q3 24 | $795.0K | $6.8M | ||
| Q2 24 | $8.0M | $13.3M | ||
| Q1 24 | $-46.5M | $3.1M |
| Q4 25 | $-86.8M | $69.0M | ||
| Q3 25 | $-226.0K | $99.2M | ||
| Q2 25 | $-3.6M | $26.5M | ||
| Q1 25 | $-44.8M | $50.9M | ||
| Q4 24 | $-131.6M | $-341.0K | ||
| Q3 24 | $-21.8M | $6.2M | ||
| Q2 24 | $-22.9M | $12.7M | ||
| Q1 24 | $-80.4M | $2.3M |
| Q4 25 | -33.5% | 45.5% | ||
| Q3 25 | -0.1% | 37.0% | ||
| Q2 25 | -1.2% | 10.9% | ||
| Q1 25 | -16.2% | 24.0% | ||
| Q4 24 | -47.8% | -0.1% | ||
| Q3 24 | -7.9% | 7.8% | ||
| Q2 24 | -7.2% | 16.7% | ||
| Q1 24 | -26.5% | 3.4% |
| Q4 25 | 27.5% | 0.9% | ||
| Q3 25 | 2.1% | 0.1% | ||
| Q2 25 | 6.6% | 0.3% | ||
| Q1 25 | 7.2% | 0.0% | ||
| Q4 24 | 39.2% | 0.2% | ||
| Q3 24 | 8.2% | 0.8% | ||
| Q2 24 | 9.8% | 0.7% | ||
| Q1 24 | 11.2% | 1.1% |
| Q4 25 | — | 5.95× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.40× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | -0.65× | — |
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% |
NUTX
| Hospital Division | $143.7M | 95% |
| Population Health Management Division | $8.0M | 5% |
