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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $259.0M, roughly 1.3× ASHFORD HOSPITALITY TRUST INC). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -26.8%, a 33.0% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -6.0%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-86.8M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
AHT vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $330.5M |
| Net Profit | $-69.3M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | -2.6% | 7.3% |
| Net Margin | -26.8% | 6.3% |
| Revenue YoY | -6.0% | 28.1% |
| Net Profit YoY | 44.2% | 57.2% |
| EPS (diluted) | $-12.85 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $266.1M | $310.7M | ||
| Q2 25 | $302.0M | $280.1M | ||
| Q1 25 | $277.4M | $275.2M | ||
| Q4 24 | $275.5M | $257.9M | ||
| Q3 24 | $276.6M | $231.6M | ||
| Q2 24 | $316.5M | $197.4M | ||
| Q1 24 | $303.9M | $184.9M |
| Q4 25 | $-69.3M | $20.7M | ||
| Q3 25 | $-60.1M | $17.7M | ||
| Q2 25 | $-30.4M | $14.7M | ||
| Q1 25 | $-20.0M | $13.8M | ||
| Q4 24 | $-124.2M | $13.1M | ||
| Q3 24 | $-57.9M | $14.4M | ||
| Q2 24 | $50.3M | $9.4M | ||
| Q1 24 | $71.6M | $7.2M |
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | -2.6% | 7.3% | ||
| Q3 25 | 4.6% | 6.4% | ||
| Q2 25 | 16.3% | 5.7% | ||
| Q1 25 | 22.2% | 5.7% | ||
| Q4 24 | -17.8% | 5.5% | ||
| Q3 24 | 7.3% | 5.2% | ||
| Q2 24 | 42.8% | 5.2% | ||
| Q1 24 | 50.2% | 4.5% |
| Q4 25 | -26.8% | 6.3% | ||
| Q3 25 | -22.6% | 5.7% | ||
| Q2 25 | -10.1% | 5.3% | ||
| Q1 25 | -7.2% | 5.0% | ||
| Q4 24 | -45.1% | 5.1% | ||
| Q3 24 | -20.9% | 6.2% | ||
| Q2 24 | 15.9% | 4.7% | ||
| Q1 24 | 23.5% | 3.9% |
| Q4 25 | $-12.85 | $0.16 | ||
| Q3 25 | $-11.35 | $0.14 | ||
| Q2 25 | $-6.88 | $0.11 | ||
| Q1 25 | $-4.91 | $0.11 | ||
| Q4 24 | $-13.64 | $0.11 | ||
| Q3 24 | $-12.39 | $0.11 | ||
| Q2 24 | $2.50 | $0.07 | ||
| Q1 24 | $5.99 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $560.4M |
| Total Assets | $2.8B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $320.9M | ||
| Q3 25 | $81.9M | $287.9M | ||
| Q2 25 | $100.0M | $266.4M | ||
| Q1 25 | $85.8M | $245.8M | ||
| Q4 24 | $112.9M | $205.9M | ||
| Q3 24 | $119.7M | $187.5M | ||
| Q2 24 | $121.8M | $188.8M | ||
| Q1 24 | $111.1M | $180.1M |
| 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 | $560.4M | ||
| Q3 25 | $-548.7M | $537.4M | ||
| Q2 25 | $-485.5M | $516.7M | ||
| Q1 25 | $-446.1M | $500.4M | ||
| Q4 24 | $-419.2M | $485.6M | ||
| Q3 24 | $-288.4M | $468.8M | ||
| Q2 24 | $-225.9M | $451.6M | ||
| Q1 24 | $-276.8M | $439.4M |
| Q4 25 | $2.8B | $667.9M | ||
| Q3 25 | $3.0B | $644.4M | ||
| Q2 25 | $3.1B | $609.5M | ||
| Q1 25 | $3.1B | $590.9M | ||
| Q4 24 | $3.2B | $576.2M | ||
| Q3 24 | $3.3B | $552.9M | ||
| Q2 24 | $3.3B | $527.7M | ||
| Q1 24 | $3.5B | $514.0M |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $-86.8M | $45.0M |
| FCF MarginFCF / Revenue | -33.5% | 13.6% |
| Capex IntensityCapex / Revenue | 27.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $45.1M | ||
| Q3 25 | $5.5M | $35.1M | ||
| Q2 25 | $16.3M | $31.5M | ||
| Q1 25 | $-25.0M | $50.4M | ||
| Q4 24 | $-23.6M | $27.9M | ||
| Q3 24 | $795.0K | $6.7M | ||
| Q2 24 | $8.0M | $18.0M | ||
| Q1 24 | $-46.5M | $11.0M |
| Q4 25 | $-86.8M | $45.0M | ||
| Q3 25 | $-226.0K | $35.0M | ||
| Q2 25 | $-3.6M | $31.4M | ||
| Q1 25 | $-44.8M | $50.4M | ||
| Q4 24 | $-131.6M | $27.8M | ||
| Q3 24 | $-21.8M | $6.7M | ||
| Q2 24 | $-22.9M | $17.8M | ||
| Q1 24 | $-80.4M | $10.8M |
| Q4 25 | -33.5% | 13.6% | ||
| Q3 25 | -0.1% | 11.3% | ||
| Q2 25 | -1.2% | 11.2% | ||
| Q1 25 | -16.2% | 18.3% | ||
| Q4 24 | -47.8% | 10.8% | ||
| Q3 24 | -7.9% | 2.9% | ||
| Q2 24 | -7.2% | 9.0% | ||
| Q1 24 | -26.5% | 5.9% |
| Q4 25 | 27.5% | 0.0% | ||
| Q3 25 | 2.1% | 0.0% | ||
| Q2 25 | 6.6% | 0.0% | ||
| Q1 25 | 7.2% | 0.0% | ||
| Q4 24 | 39.2% | 0.0% | ||
| Q3 24 | 8.2% | 0.0% | ||
| Q2 24 | 9.8% | 0.1% | ||
| Q1 24 | 11.2% | 0.1% |
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | 0.16× | 1.93× | ||
| Q1 24 | -0.65× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
