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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.8× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -26.8%, a 24.5% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -6.0%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-86.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
AHT vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $140.7M |
| Net Profit | $-69.3M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | -2.6% | -1.6% |
| Net Margin | -26.8% | -2.3% |
| Revenue YoY | -6.0% | 9.1% |
| Net Profit YoY | 44.2% | 62.1% |
| EPS (diluted) | $-12.85 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $266.1M | $118.8M | ||
| Q2 25 | $302.0M | $105.1M | ||
| Q1 25 | $277.4M | $104.2M | ||
| Q4 24 | $275.5M | $129.0M | ||
| Q3 24 | $276.6M | $118.6M | ||
| Q2 24 | $316.5M | $120.3M | ||
| Q1 24 | $303.9M | $120.0M |
| Q4 25 | $-69.3M | $-3.2M | ||
| Q3 25 | $-60.1M | $-11.7M | ||
| Q2 25 | $-30.4M | $-17.3M | ||
| Q1 25 | $-20.0M | $-19.1M | ||
| Q4 24 | $-124.2M | $-8.5M | ||
| Q3 24 | $-57.9M | $-39.2M | ||
| Q2 24 | $50.3M | $27.0K | ||
| Q1 24 | $71.6M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | -2.6% | -1.6% | ||
| Q3 25 | 4.6% | -10.2% | ||
| Q2 25 | 16.3% | -13.5% | ||
| Q1 25 | 22.2% | -13.9% | ||
| Q4 24 | -17.8% | -6.0% | ||
| Q3 24 | 7.3% | -39.5% | ||
| Q2 24 | 42.8% | -12.1% | ||
| Q1 24 | 50.2% | -19.3% |
| Q4 25 | -26.8% | -2.3% | ||
| Q3 25 | -22.6% | -9.9% | ||
| Q2 25 | -10.1% | -16.5% | ||
| Q1 25 | -7.2% | -18.4% | ||
| Q4 24 | -45.1% | -6.6% | ||
| Q3 24 | -20.9% | -33.1% | ||
| Q2 24 | 15.9% | 0.0% | ||
| Q1 24 | 23.5% | -41.8% |
| Q4 25 | $-12.85 | $0.03 | ||
| Q3 25 | $-11.35 | $0.11 | ||
| Q2 25 | $-6.88 | $0.16 | ||
| Q1 25 | $-4.91 | $0.18 | ||
| Q4 24 | $-13.64 | $0.08 | ||
| Q3 24 | $-12.39 | $0.36 | ||
| Q2 24 | $2.50 | $0.00 | ||
| Q1 24 | $5.99 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $2.5B | $126.7M |
| Stockholders' EquityBook value | $-626.4M | $-29.7M |
| Total Assets | $2.8B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $24.3M | ||
| Q3 25 | $81.9M | $32.4M | ||
| Q2 25 | $100.0M | $34.2M | ||
| Q1 25 | $85.8M | $21.6M | ||
| Q4 24 | $112.9M | $29.0M | ||
| Q3 24 | $119.7M | $23.4M | ||
| Q2 24 | $121.8M | $23.4M | ||
| Q1 24 | $111.1M | $34.5M |
| Q4 25 | $2.5B | $126.7M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $70.7M | ||
| Q3 24 | $2.7B | $50.8M | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $-29.7M | ||
| Q3 25 | $-548.7M | $-26.9M | ||
| Q2 25 | $-485.5M | $-15.6M | ||
| Q1 25 | $-446.1M | $1.3M | ||
| Q4 24 | $-419.2M | $20.2M | ||
| Q3 24 | $-288.4M | $28.0M | ||
| Q2 24 | $-225.9M | $66.4M | ||
| Q1 24 | $-276.8M | $65.5M |
| Q4 25 | $2.8B | $296.3M | ||
| Q3 25 | $3.0B | $302.1M | ||
| Q2 25 | $3.1B | $303.8M | ||
| Q1 25 | $3.1B | $293.8M | ||
| Q4 24 | $3.2B | $307.8M | ||
| Q3 24 | $3.3B | $309.3M | ||
| Q2 24 | $3.3B | $362.1M | ||
| Q1 24 | $3.5B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-86.8M | $-7.8M |
| FCF MarginFCF / Revenue | -33.5% | -5.5% |
| Capex IntensityCapex / Revenue | 27.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $-5.8M | ||
| Q3 25 | $5.5M | $-968.0K | ||
| Q2 25 | $16.3M | $-4.0M | ||
| Q1 25 | $-25.0M | $-23.1M | ||
| Q4 24 | $-23.6M | $6.8M | ||
| Q3 24 | $795.0K | $1.1M | ||
| Q2 24 | $8.0M | $-8.9M | ||
| Q1 24 | $-46.5M | $-16.8M |
| Q4 25 | $-86.8M | $-7.8M | ||
| Q3 25 | $-226.0K | $-1.8M | ||
| Q2 25 | $-3.6M | $-7.0M | ||
| Q1 25 | $-44.8M | $-25.3M | ||
| Q4 24 | $-131.6M | $5.7M | ||
| Q3 24 | $-21.8M | $101.0K | ||
| Q2 24 | $-22.9M | $-11.0M | ||
| Q1 24 | $-80.4M | $-19.9M |
| Q4 25 | -33.5% | -5.5% | ||
| Q3 25 | -0.1% | -1.5% | ||
| Q2 25 | -1.2% | -6.6% | ||
| Q1 25 | -16.2% | -24.3% | ||
| Q4 24 | -47.8% | 4.4% | ||
| Q3 24 | -7.9% | 0.1% | ||
| Q2 24 | -7.2% | -9.2% | ||
| Q1 24 | -26.5% | -16.5% |
| Q4 25 | 27.5% | 1.4% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 6.6% | 2.8% | ||
| Q1 25 | 7.2% | 2.2% | ||
| Q4 24 | 39.2% | 0.8% | ||
| Q3 24 | 8.2% | 0.9% | ||
| Q2 24 | 9.8% | 1.7% | ||
| Q1 24 | 11.2% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
