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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and OIL STATES INTERNATIONAL, INC (OIS). 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 $178.5M, roughly 1.5× OIL STATES INTERNATIONAL, INC). ASHFORD HOSPITALITY TRUST INC runs the higher net margin — -26.8% vs -65.7%, a 38.9% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -6.0%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $-86.8M). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% 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.
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
AHT vs OIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $178.5M |
| Net Profit | $-69.3M | $-117.2M |
| Gross Margin | — | 10.9% |
| Operating Margin | -2.6% | -63.7% |
| Net Margin | -26.8% | -65.7% |
| Revenue YoY | -6.0% | 8.4% |
| Net Profit YoY | 44.2% | -873.2% |
| EPS (diluted) | $-12.85 | $-1.99 |
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 | $178.5M | ||
| Q3 25 | $266.1M | $165.2M | ||
| Q2 25 | $302.0M | $165.4M | ||
| Q1 25 | $277.4M | $159.9M | ||
| Q4 24 | $275.5M | $164.6M | ||
| Q3 24 | $276.6M | $174.3M | ||
| Q2 24 | $316.5M | $186.4M | ||
| Q1 24 | $303.9M | $167.3M |
| Q4 25 | $-69.3M | $-117.2M | ||
| Q3 25 | $-60.1M | $1.9M | ||
| Q2 25 | $-30.4M | $2.8M | ||
| Q1 25 | $-20.0M | $3.2M | ||
| Q4 24 | $-124.2M | $15.2M | ||
| Q3 24 | $-57.9M | $-14.3M | ||
| Q2 24 | $50.3M | $1.3M | ||
| Q1 24 | $71.6M | $-13.4M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 21.1% |
| Q4 25 | -2.6% | -63.7% | ||
| Q3 25 | 4.6% | 2.9% | ||
| Q2 25 | 16.3% | 3.2% | ||
| Q1 25 | 22.2% | 3.5% | ||
| Q4 24 | -17.8% | 11.2% | ||
| Q3 24 | 7.3% | -6.3% | ||
| Q2 24 | 42.8% | 1.1% | ||
| Q1 24 | 50.2% | -6.7% |
| Q4 25 | -26.8% | -65.7% | ||
| Q3 25 | -22.6% | 1.2% | ||
| Q2 25 | -10.1% | 1.7% | ||
| Q1 25 | -7.2% | 2.0% | ||
| Q4 24 | -45.1% | 9.2% | ||
| Q3 24 | -20.9% | -8.2% | ||
| Q2 24 | 15.9% | 0.7% | ||
| Q1 24 | 23.5% | -8.0% |
| Q4 25 | $-12.85 | $-1.99 | ||
| Q3 25 | $-11.35 | $0.03 | ||
| Q2 25 | $-6.88 | $0.05 | ||
| Q1 25 | $-4.91 | $0.05 | ||
| Q4 24 | $-13.64 | $0.24 | ||
| Q3 24 | $-12.39 | $-0.23 | ||
| Q2 24 | $2.50 | $0.02 | ||
| Q1 24 | $5.99 | $-0.21 |
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 | $69.9M |
| Total DebtLower is stronger | $2.5B | $1.7M |
| Stockholders' EquityBook value | $-626.4M | $573.2M |
| Total Assets | $2.8B | $883.4M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $69.9M | ||
| Q3 25 | $81.9M | $67.1M | ||
| Q2 25 | $100.0M | $53.9M | ||
| Q1 25 | $85.8M | $66.8M | ||
| Q4 24 | $112.9M | $65.4M | ||
| Q3 24 | $119.7M | $46.0M | ||
| Q2 24 | $121.8M | $25.2M | ||
| Q1 24 | $111.1M | $24.1M |
| Q4 25 | $2.5B | $1.7M | ||
| Q3 25 | $2.6B | $1.9M | ||
| Q2 25 | $2.6B | $1.9M | ||
| Q1 25 | $2.7B | $124.7M | ||
| Q4 24 | $2.6B | $124.7M | ||
| Q3 24 | $2.7B | $124.6M | ||
| Q2 24 | $2.8B | $124.3M | ||
| Q1 24 | $2.9B | $135.6M |
| Q4 25 | $-626.4M | $573.2M | ||
| Q3 25 | $-548.7M | $689.0M | ||
| Q2 25 | $-485.5M | $690.6M | ||
| Q1 25 | $-446.1M | $683.4M | ||
| Q4 24 | $-419.2M | $680.7M | ||
| Q3 24 | $-288.4M | $684.8M | ||
| Q2 24 | $-225.9M | $690.4M | ||
| Q1 24 | $-276.8M | $692.3M |
| Q4 25 | $2.8B | $883.4M | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $3.1B | $993.7M | ||
| Q1 25 | $3.1B | $990.7M | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.3B | $994.1M | ||
| Q2 24 | $3.3B | $1.0B | ||
| Q1 24 | $3.5B | $1.0B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.20× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $-86.8M | $47.1M |
| FCF MarginFCF / Revenue | -33.5% | 26.4% |
| Capex IntensityCapex / Revenue | 27.5% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $50.1M | ||
| Q3 25 | $5.5M | $30.7M | ||
| Q2 25 | $16.3M | $15.0M | ||
| Q1 25 | $-25.0M | $9.3M | ||
| Q4 24 | $-23.6M | $18.2M | ||
| Q3 24 | $795.0K | $28.8M | ||
| Q2 24 | $8.0M | $10.2M | ||
| Q1 24 | $-46.5M | $-11.4M |
| Q4 25 | $-86.8M | $47.1M | ||
| Q3 25 | $-226.0K | $22.0M | ||
| Q2 25 | $-3.6M | $4.7M | ||
| Q1 25 | $-44.8M | $137.0K | ||
| Q4 24 | $-131.6M | $4.0M | ||
| Q3 24 | $-21.8M | $21.4M | ||
| Q2 24 | $-22.9M | $4.5M | ||
| Q1 24 | $-80.4M | $-21.5M |
| Q4 25 | -33.5% | 26.4% | ||
| Q3 25 | -0.1% | 13.3% | ||
| Q2 25 | -1.2% | 2.8% | ||
| Q1 25 | -16.2% | 0.1% | ||
| Q4 24 | -47.8% | 2.4% | ||
| Q3 24 | -7.9% | 12.3% | ||
| Q2 24 | -7.2% | 2.4% | ||
| Q1 24 | -26.5% | -12.8% |
| Q4 25 | 27.5% | 1.7% | ||
| Q3 25 | 2.1% | 5.3% | ||
| Q2 25 | 6.6% | 6.2% | ||
| Q1 25 | 7.2% | 5.7% | ||
| Q4 24 | 39.2% | 8.6% | ||
| Q3 24 | 8.2% | 4.3% | ||
| Q2 24 | 9.8% | 3.1% | ||
| Q1 24 | 11.2% | 6.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 16.15× | ||
| Q2 25 | — | 5.33× | ||
| Q1 25 | — | 2.94× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | 7.87× | ||
| 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% |
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
