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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and DOUGLAS DYNAMICS, INC (PLOW). 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 $184.5M, roughly 1.4× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -26.8%, a 33.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -6.0%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-86.8M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
AHT vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $184.5M |
| Net Profit | $-69.3M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | -2.6% | 10.5% |
| Net Margin | -26.8% | 7.0% |
| Revenue YoY | -6.0% | 28.6% |
| Net Profit YoY | 44.2% | 62.3% |
| EPS (diluted) | $-12.85 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $266.1M | $162.1M | ||
| Q2 25 | $302.0M | $194.3M | ||
| Q1 25 | $277.4M | $115.1M | ||
| Q4 24 | $275.5M | $143.5M | ||
| Q3 24 | $276.6M | $129.4M | ||
| Q2 24 | $316.5M | $199.9M | ||
| Q1 24 | $303.9M | $95.7M |
| Q4 25 | $-69.3M | $12.8M | ||
| Q3 25 | $-60.1M | $8.0M | ||
| Q2 25 | $-30.4M | $26.0M | ||
| Q1 25 | $-20.0M | $148.0K | ||
| Q4 24 | $-124.2M | $7.9M | ||
| Q3 24 | $-57.9M | $32.3M | ||
| Q2 24 | $50.3M | $24.3M | ||
| Q1 24 | $71.6M | $-8.4M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | -2.6% | 10.5% | ||
| Q3 25 | 4.6% | 8.7% | ||
| Q2 25 | 16.3% | 19.0% | ||
| Q1 25 | 22.2% | 2.8% | ||
| Q4 24 | -17.8% | 9.0% | ||
| Q3 24 | 7.3% | 35.4% | ||
| Q2 24 | 42.8% | 18.2% | ||
| Q1 24 | 50.2% | -6.7% |
| Q4 25 | -26.8% | 7.0% | ||
| Q3 25 | -22.6% | 4.9% | ||
| Q2 25 | -10.1% | 13.4% | ||
| Q1 25 | -7.2% | 0.1% | ||
| Q4 24 | -45.1% | 5.5% | ||
| Q3 24 | -20.9% | 24.9% | ||
| Q2 24 | 15.9% | 12.2% | ||
| Q1 24 | 23.5% | -8.7% |
| Q4 25 | $-12.85 | $0.54 | ||
| Q3 25 | $-11.35 | $0.33 | ||
| Q2 25 | $-6.88 | $1.09 | ||
| Q1 25 | $-4.91 | $0.00 | ||
| Q4 24 | $-13.64 | $0.35 | ||
| Q3 24 | $-12.39 | $1.36 | ||
| Q2 24 | $2.50 | $1.02 | ||
| Q1 24 | $5.99 | $-0.37 |
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 | — |
| Total DebtLower is stronger | $2.5B | $144.0M |
| Stockholders' EquityBook value | $-626.4M | $281.4M |
| Total Assets | $2.8B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $85.8M | — | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $119.7M | — | ||
| Q2 24 | $121.8M | — | ||
| Q1 24 | $111.1M | — |
| Q4 25 | $2.5B | $144.0M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $147.5M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $281.4M | ||
| Q3 25 | $-548.7M | $275.3M | ||
| Q2 25 | $-485.5M | $273.3M | ||
| Q1 25 | $-446.1M | $258.9M | ||
| Q4 24 | $-419.2M | $264.2M | ||
| Q3 24 | $-288.4M | $260.8M | ||
| Q2 24 | $-225.9M | $236.7M | ||
| Q1 24 | $-276.8M | $217.2M |
| Q4 25 | $2.8B | $626.7M | ||
| Q3 25 | $3.0B | $694.9M | ||
| Q2 25 | $3.1B | $671.5M | ||
| Q1 25 | $3.1B | $621.0M | ||
| Q4 24 | $3.2B | $590.0M | ||
| Q3 24 | $3.3B | $665.6M | ||
| Q2 24 | $3.3B | $617.0M | ||
| Q1 24 | $3.5B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $95.9M |
| Free Cash FlowOCF − Capex | $-86.8M | $92.8M |
| FCF MarginFCF / Revenue | -33.5% | 50.3% |
| Capex IntensityCapex / Revenue | 27.5% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $95.9M | ||
| Q3 25 | $5.5M | $-8.5M | ||
| Q2 25 | $16.3M | $-11.4M | ||
| Q1 25 | $-25.0M | $-1.3M | ||
| Q4 24 | $-23.6M | $74.4M | ||
| Q3 24 | $795.0K | $-14.2M | ||
| Q2 24 | $8.0M | $2.5M | ||
| Q1 24 | $-46.5M | $-21.6M |
| Q4 25 | $-86.8M | $92.8M | ||
| Q3 25 | $-226.0K | $-11.4M | ||
| Q2 25 | $-3.6M | $-14.3M | ||
| Q1 25 | $-44.8M | $-3.5M | ||
| Q4 24 | $-131.6M | $70.2M | ||
| Q3 24 | $-21.8M | $-15.2M | ||
| Q2 24 | $-22.9M | $836.0K | ||
| Q1 24 | $-80.4M | $-22.4M |
| Q4 25 | -33.5% | 50.3% | ||
| Q3 25 | -0.1% | -7.1% | ||
| Q2 25 | -1.2% | -7.4% | ||
| Q1 25 | -16.2% | -3.0% | ||
| Q4 24 | -47.8% | 48.9% | ||
| Q3 24 | -7.9% | -11.8% | ||
| Q2 24 | -7.2% | 0.4% | ||
| Q1 24 | -26.5% | -23.4% |
| Q4 25 | 27.5% | 1.7% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 6.6% | 1.5% | ||
| Q1 25 | 7.2% | 1.9% | ||
| Q4 24 | 39.2% | 2.9% | ||
| Q3 24 | 8.2% | 0.8% | ||
| Q2 24 | 9.8% | 0.8% | ||
| Q1 24 | 11.2% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | 0.16× | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
