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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and CPI Card Group Inc. (PMTS). 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 $153.1M, roughly 1.7× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -26.8%, a 31.6% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -6.0%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-86.8M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
AHT vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $153.1M |
| Net Profit | $-69.3M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | -2.6% | 12.0% |
| Net Margin | -26.8% | 4.8% |
| Revenue YoY | -6.0% | 22.3% |
| Net Profit YoY | 44.2% | 8.5% |
| EPS (diluted) | $-12.85 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $266.1M | $138.0M | ||
| Q2 25 | $302.0M | $129.8M | ||
| Q1 25 | $277.4M | $122.8M | ||
| Q4 24 | $275.5M | $125.1M | ||
| Q3 24 | $276.6M | $124.8M | ||
| Q2 24 | $316.5M | $118.8M | ||
| Q1 24 | $303.9M | $111.9M |
| Q4 25 | $-69.3M | $7.3M | ||
| Q3 25 | $-60.1M | $2.3M | ||
| Q2 25 | $-30.4M | $518.0K | ||
| Q1 25 | $-20.0M | $4.8M | ||
| Q4 24 | $-124.2M | $6.8M | ||
| Q3 24 | $-57.9M | $1.3M | ||
| Q2 24 | $50.3M | $6.0M | ||
| Q1 24 | $71.6M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | -2.6% | 12.0% | ||
| Q3 25 | 4.6% | 9.4% | ||
| Q2 25 | 16.3% | 7.3% | ||
| Q1 25 | 22.2% | 11.5% | ||
| Q4 24 | -17.8% | 12.7% | ||
| Q3 24 | 7.3% | 14.3% | ||
| Q2 24 | 42.8% | 12.5% | ||
| Q1 24 | 50.2% | 12.6% |
| Q4 25 | -26.8% | 4.8% | ||
| Q3 25 | -22.6% | 1.7% | ||
| Q2 25 | -10.1% | 0.4% | ||
| Q1 25 | -7.2% | 3.9% | ||
| Q4 24 | -45.1% | 5.4% | ||
| Q3 24 | -20.9% | 1.0% | ||
| Q2 24 | 15.9% | 5.1% | ||
| Q1 24 | 23.5% | 4.9% |
| Q4 25 | $-12.85 | $0.62 | ||
| Q3 25 | $-11.35 | $0.19 | ||
| Q2 25 | $-6.88 | $0.04 | ||
| Q1 25 | $-4.91 | $0.40 | ||
| Q4 24 | $-13.64 | $0.56 | ||
| Q3 24 | $-12.39 | $0.11 | ||
| Q2 24 | $2.50 | $0.51 | ||
| Q1 24 | $5.99 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $2.5B | $286.7M |
| Stockholders' EquityBook value | $-626.4M | $-17.3M |
| Total Assets | $2.8B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $21.7M | ||
| Q3 25 | $81.9M | $16.0M | ||
| Q2 25 | $100.0M | $17.1M | ||
| Q1 25 | $85.8M | $31.5M | ||
| Q4 24 | $112.9M | $33.5M | ||
| Q3 24 | $119.7M | $14.7M | ||
| Q2 24 | $121.8M | $7.5M | ||
| Q1 24 | $111.1M | $17.1M |
| Q4 25 | $2.5B | $286.7M | ||
| Q3 25 | $2.6B | $308.4M | ||
| Q2 25 | $2.6B | $310.9M | ||
| Q1 25 | $2.7B | $280.7M | ||
| Q4 24 | $2.6B | $280.4M | ||
| Q3 24 | $2.7B | $280.2M | ||
| Q2 24 | $2.8B | $269.7M | ||
| Q1 24 | $2.9B | $265.3M |
| Q4 25 | $-626.4M | $-17.3M | ||
| Q3 25 | $-548.7M | $-25.7M | ||
| Q2 25 | $-485.5M | $-29.0M | ||
| Q1 25 | $-446.1M | $-29.7M | ||
| Q4 24 | $-419.2M | $-35.6M | ||
| Q3 24 | $-288.4M | $-42.8M | ||
| Q2 24 | $-225.9M | $-44.6M | ||
| Q1 24 | $-276.8M | $-48.5M |
| Q4 25 | $2.8B | $403.2M | ||
| Q3 25 | $3.0B | $407.1M | ||
| Q2 25 | $3.1B | $399.8M | ||
| Q1 25 | $3.1B | $351.9M | ||
| Q4 24 | $3.2B | $349.7M | ||
| Q3 24 | $3.3B | $342.3M | ||
| Q2 24 | $3.3B | $321.4M | ||
| Q1 24 | $3.5B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $-86.8M | $35.2M |
| FCF MarginFCF / Revenue | -33.5% | 23.0% |
| Capex IntensityCapex / Revenue | 27.5% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $39.6M | ||
| Q3 25 | $5.5M | $10.0M | ||
| Q2 25 | $16.3M | $4.3M | ||
| Q1 25 | $-25.0M | $5.6M | ||
| Q4 24 | $-23.6M | $26.7M | ||
| Q3 24 | $795.0K | $12.5M | ||
| Q2 24 | $8.0M | $-4.8M | ||
| Q1 24 | $-46.5M | $8.9M |
| Q4 25 | $-86.8M | $35.2M | ||
| Q3 25 | $-226.0K | $5.3M | ||
| Q2 25 | $-3.6M | $533.0K | ||
| Q1 25 | $-44.8M | $292.0K | ||
| Q4 24 | $-131.6M | $21.6M | ||
| Q3 24 | $-21.8M | $11.1M | ||
| Q2 24 | $-22.9M | $-6.0M | ||
| Q1 24 | $-80.4M | $7.4M |
| Q4 25 | -33.5% | 23.0% | ||
| Q3 25 | -0.1% | 3.8% | ||
| Q2 25 | -1.2% | 0.4% | ||
| Q1 25 | -16.2% | 0.2% | ||
| Q4 24 | -47.8% | 17.3% | ||
| Q3 24 | -7.9% | 8.9% | ||
| Q2 24 | -7.2% | -5.0% | ||
| Q1 24 | -26.5% | 6.6% |
| Q4 25 | 27.5% | 2.9% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 6.6% | 2.9% | ||
| Q1 25 | 7.2% | 4.3% | ||
| Q4 24 | 39.2% | 4.0% | ||
| Q3 24 | 8.2% | 1.2% | ||
| Q2 24 | 9.8% | 1.0% | ||
| Q1 24 | 11.2% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | 0.16× | -0.79× | ||
| Q1 24 | -0.65× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
