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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $259.0M, roughly 1.3× ASHFORD HOSPITALITY TRUST INC). PROCORE TECHNOLOGIES, INC. runs the higher net margin — -10.8% vs -26.8%, a 16.0% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs -6.0%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $-86.8M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
AHT vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $349.1M |
| Net Profit | $-69.3M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | -2.6% | -12.3% |
| Net Margin | -26.8% | -10.8% |
| Revenue YoY | -6.0% | 15.6% |
| Net Profit YoY | 44.2% | 39.6% |
| EPS (diluted) | $-12.85 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $266.1M | $338.9M | ||
| Q2 25 | $302.0M | $323.9M | ||
| Q1 25 | $277.4M | $310.6M | ||
| Q4 24 | $275.5M | $302.0M | ||
| Q3 24 | $276.6M | $295.9M | ||
| Q2 24 | $316.5M | $284.3M | ||
| Q1 24 | $303.9M | $269.4M |
| Q4 25 | $-69.3M | $-37.6M | ||
| Q3 25 | $-60.1M | $-9.1M | ||
| Q2 25 | $-30.4M | $-21.1M | ||
| Q1 25 | $-20.0M | $-33.0M | ||
| Q4 24 | $-124.2M | $-62.3M | ||
| Q3 24 | $-57.9M | $-26.4M | ||
| Q2 24 | $50.3M | $-6.3M | ||
| Q1 24 | $71.6M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | -2.6% | -12.3% | ||
| Q3 25 | 4.6% | -4.4% | ||
| Q2 25 | 16.3% | -9.3% | ||
| Q1 25 | 22.2% | -11.7% | ||
| Q4 24 | -17.8% | -21.9% | ||
| Q3 24 | 7.3% | -12.3% | ||
| Q2 24 | 42.8% | -5.2% | ||
| Q1 24 | 50.2% | -7.0% |
| Q4 25 | -26.8% | -10.8% | ||
| Q3 25 | -22.6% | -2.7% | ||
| Q2 25 | -10.1% | -6.5% | ||
| Q1 25 | -7.2% | -10.6% | ||
| Q4 24 | -45.1% | -20.6% | ||
| Q3 24 | -20.9% | -8.9% | ||
| Q2 24 | 15.9% | -2.2% | ||
| Q1 24 | 23.5% | -4.1% |
| Q4 25 | $-12.85 | $-0.25 | ||
| Q3 25 | $-11.35 | $-0.06 | ||
| Q2 25 | $-6.88 | $-0.14 | ||
| Q1 25 | $-4.91 | $-0.22 | ||
| Q4 24 | $-13.64 | $-0.42 | ||
| Q3 24 | $-12.39 | $-0.18 | ||
| Q2 24 | $2.50 | $-0.04 | ||
| 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 | $768.5M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $1.3B |
| Total Assets | $2.8B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $768.5M | ||
| Q3 25 | $81.9M | $684.0M | ||
| Q2 25 | $100.0M | $620.9M | ||
| Q1 25 | $85.8M | $566.7M | ||
| Q4 24 | $112.9M | $775.4M | ||
| Q3 24 | $119.7M | $756.9M | ||
| Q2 24 | $121.8M | $735.4M | ||
| Q1 24 | $111.1M | $744.6M |
| 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 | $1.3B | ||
| Q3 25 | $-548.7M | $1.2B | ||
| Q2 25 | $-485.5M | $1.2B | ||
| Q1 25 | $-446.1M | $1.2B | ||
| Q4 24 | $-419.2M | $1.3B | ||
| Q3 24 | $-288.4M | $1.3B | ||
| Q2 24 | $-225.9M | $1.3B | ||
| Q1 24 | $-276.8M | $1.2B |
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.5B | $1.9B |
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 | $114.9M |
| Free Cash FlowOCF − Capex | $-86.8M | $109.2M |
| FCF MarginFCF / Revenue | -33.5% | 31.3% |
| Capex IntensityCapex / Revenue | 27.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $114.9M | ||
| Q3 25 | $5.5M | $88.5M | ||
| Q2 25 | $16.3M | $30.8M | ||
| Q1 25 | $-25.0M | $66.0M | ||
| Q4 24 | $-23.6M | $29.1M | ||
| Q3 24 | $795.0K | $39.3M | ||
| Q2 24 | $8.0M | $58.7M | ||
| Q1 24 | $-46.5M | $69.1M |
| Q4 25 | $-86.8M | $109.2M | ||
| Q3 25 | $-226.0K | $83.1M | ||
| Q2 25 | $-3.6M | $27.9M | ||
| Q1 25 | $-44.8M | $62.0M | ||
| Q4 24 | $-131.6M | $17.4M | ||
| Q3 24 | $-21.8M | $35.7M | ||
| Q2 24 | $-22.9M | $56.8M | ||
| Q1 24 | $-80.4M | $67.1M |
| Q4 25 | -33.5% | 31.3% | ||
| Q3 25 | -0.1% | 24.5% | ||
| Q2 25 | -1.2% | 8.6% | ||
| Q1 25 | -16.2% | 20.0% | ||
| Q4 24 | -47.8% | 5.8% | ||
| Q3 24 | -7.9% | 12.1% | ||
| Q2 24 | -7.2% | 20.0% | ||
| Q1 24 | -26.5% | 24.9% |
| Q4 25 | 27.5% | 1.6% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 6.6% | 0.9% | ||
| Q1 25 | 7.2% | 1.3% | ||
| Q4 24 | 39.2% | 3.9% | ||
| Q3 24 | 8.2% | 1.2% | ||
| Q2 24 | 9.8% | 0.7% | ||
| Q1 24 | 11.2% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
