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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and QUALYS, INC. (QLYS). 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 $175.3M, roughly 1.5× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs -26.8%, a 57.1% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -6.0%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-86.8M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% 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.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
AHT vs QLYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $175.3M |
| Net Profit | $-69.3M | $53.1M |
| Gross Margin | — | 83.4% |
| Operating Margin | -2.6% | 33.6% |
| Net Margin | -26.8% | 30.3% |
| Revenue YoY | -6.0% | 10.1% |
| Net Profit YoY | 44.2% | 20.9% |
| EPS (diluted) | $-12.85 | $1.47 |
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 | $175.3M | ||
| Q3 25 | $266.1M | $169.9M | ||
| Q2 25 | $302.0M | $164.1M | ||
| Q1 25 | $277.4M | $159.9M | ||
| Q4 24 | $275.5M | $159.2M | ||
| Q3 24 | $276.6M | $153.9M | ||
| Q2 24 | $316.5M | $148.7M | ||
| Q1 24 | $303.9M | $145.8M |
| Q4 25 | $-69.3M | $53.1M | ||
| Q3 25 | $-60.1M | $50.3M | ||
| Q2 25 | $-30.4M | $47.3M | ||
| Q1 25 | $-20.0M | $47.5M | ||
| Q4 24 | $-124.2M | $44.0M | ||
| Q3 24 | $-57.9M | $46.2M | ||
| Q2 24 | $50.3M | $43.8M | ||
| Q1 24 | $71.6M | $39.7M |
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% | ||
| Q1 24 | — | 81.3% |
| Q4 25 | -2.6% | 33.6% | ||
| Q3 25 | 4.6% | 35.3% | ||
| Q2 25 | 16.3% | 31.3% | ||
| Q1 25 | 22.2% | 32.4% | ||
| Q4 24 | -17.8% | 31.0% | ||
| Q3 24 | 7.3% | 29.2% | ||
| Q2 24 | 42.8% | 32.3% | ||
| Q1 24 | 50.2% | 30.7% |
| Q4 25 | -26.8% | 30.3% | ||
| Q3 25 | -22.6% | 29.6% | ||
| Q2 25 | -10.1% | 28.8% | ||
| Q1 25 | -7.2% | 29.7% | ||
| Q4 24 | -45.1% | 27.6% | ||
| Q3 24 | -20.9% | 30.0% | ||
| Q2 24 | 15.9% | 29.4% | ||
| Q1 24 | 23.5% | 27.2% |
| Q4 25 | $-12.85 | $1.47 | ||
| Q3 25 | $-11.35 | $1.39 | ||
| Q2 25 | $-6.88 | $1.29 | ||
| Q1 25 | $-4.91 | $1.29 | ||
| Q4 24 | $-13.64 | $1.19 | ||
| Q3 24 | $-12.39 | $1.24 | ||
| Q2 24 | $2.50 | $1.17 | ||
| Q1 24 | $5.99 | $1.05 |
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 | $250.3M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $561.2M |
| Total Assets | $2.8B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $250.3M | ||
| Q3 25 | $81.9M | $225.3M | ||
| Q2 25 | $100.0M | $194.0M | ||
| Q1 25 | $85.8M | $290.7M | ||
| Q4 24 | $112.9M | $232.2M | ||
| Q3 24 | $119.7M | $235.4M | ||
| Q2 24 | $121.8M | $281.2M | ||
| Q1 24 | $111.1M | $273.8M |
| 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 | $561.2M | ||
| Q3 25 | $-548.7M | $529.4M | ||
| Q2 25 | $-485.5M | $508.2M | ||
| Q1 25 | $-446.1M | $498.0M | ||
| Q4 24 | $-419.2M | $477.1M | ||
| Q3 24 | $-288.4M | $449.6M | ||
| Q2 24 | $-225.9M | $427.8M | ||
| Q1 24 | $-276.8M | $404.2M |
| Q4 25 | $2.8B | $1.1B | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $3.1B | $999.5M | ||
| Q1 25 | $3.1B | $996.5M | ||
| Q4 24 | $3.2B | $973.5M | ||
| Q3 24 | $3.3B | $908.3M | ||
| Q2 24 | $3.3B | $876.6M | ||
| Q1 24 | $3.5B | $861.8M |
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 | $75.7M |
| Free Cash FlowOCF − Capex | $-86.8M | $74.9M |
| FCF MarginFCF / Revenue | -33.5% | 42.8% |
| Capex IntensityCapex / Revenue | 27.5% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $75.7M | ||
| Q3 25 | $5.5M | $90.4M | ||
| Q2 25 | $16.3M | $33.8M | ||
| Q1 25 | $-25.0M | $109.6M | ||
| Q4 24 | $-23.6M | $47.7M | ||
| Q3 24 | $795.0K | $61.0M | ||
| Q2 24 | $8.0M | $49.8M | ||
| Q1 24 | $-46.5M | $85.5M |
| Q4 25 | $-86.8M | $74.9M | ||
| Q3 25 | $-226.0K | $89.5M | ||
| Q2 25 | $-3.6M | $32.4M | ||
| Q1 25 | $-44.8M | $107.5M | ||
| Q4 24 | $-131.6M | $41.9M | ||
| Q3 24 | $-21.8M | $57.6M | ||
| Q2 24 | $-22.9M | $48.8M | ||
| Q1 24 | $-80.4M | $83.5M |
| Q4 25 | -33.5% | 42.8% | ||
| Q3 25 | -0.1% | 52.7% | ||
| Q2 25 | -1.2% | 19.8% | ||
| Q1 25 | -16.2% | 67.3% | ||
| Q4 24 | -47.8% | 26.3% | ||
| Q3 24 | -7.9% | 37.4% | ||
| Q2 24 | -7.2% | 32.8% | ||
| Q1 24 | -26.5% | 57.2% |
| Q4 25 | 27.5% | 0.4% | ||
| Q3 25 | 2.1% | 0.5% | ||
| Q2 25 | 6.6% | 0.8% | ||
| Q1 25 | 7.2% | 1.3% | ||
| Q4 24 | 39.2% | 3.7% | ||
| Q3 24 | 8.2% | 2.2% | ||
| Q2 24 | 9.8% | 0.7% | ||
| Q1 24 | 11.2% | 1.4% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | 0.16× | 1.14× | ||
| Q1 24 | -0.65× | 2.15× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
