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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and LiveRamp Holdings, Inc. (RAMP). 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 $212.2M, roughly 1.2× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -26.8%, a 45.6% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -6.0%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
AHT vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $212.2M |
| Net Profit | $-69.3M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | -2.6% | 18.6% |
| Net Margin | -26.8% | 18.8% |
| Revenue YoY | -6.0% | 8.6% |
| Net Profit YoY | 44.2% | 255.7% |
| 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 | $212.2M | ||
| Q3 25 | $266.1M | $199.8M | ||
| Q2 25 | $302.0M | $194.8M | ||
| Q1 25 | $277.4M | $188.7M | ||
| Q4 24 | $275.5M | $195.4M | ||
| Q3 24 | $276.6M | $185.5M | ||
| Q2 24 | $316.5M | $176.0M | ||
| Q1 24 | $303.9M | $171.9M |
| Q4 25 | $-69.3M | $39.9M | ||
| Q3 25 | $-60.1M | $27.4M | ||
| Q2 25 | $-30.4M | $7.7M | ||
| Q1 25 | $-20.0M | $-6.3M | ||
| Q4 24 | $-124.2M | $11.2M | ||
| Q3 24 | $-57.9M | $1.7M | ||
| Q2 24 | $50.3M | $-7.5M | ||
| Q1 24 | $71.6M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | -2.6% | 18.6% | ||
| Q3 25 | 4.6% | 10.7% | ||
| Q2 25 | 16.3% | 3.7% | ||
| Q1 25 | 22.2% | -6.1% | ||
| Q4 24 | -17.8% | 7.5% | ||
| Q3 24 | 7.3% | 4.0% | ||
| Q2 24 | 42.8% | -3.0% | ||
| Q1 24 | 50.2% | -8.3% |
| Q4 25 | -26.8% | 18.8% | ||
| Q3 25 | -22.6% | 13.7% | ||
| Q2 25 | -10.1% | 4.0% | ||
| Q1 25 | -7.2% | -3.3% | ||
| Q4 24 | -45.1% | 5.7% | ||
| Q3 24 | -20.9% | 0.9% | ||
| Q2 24 | 15.9% | -4.3% | ||
| Q1 24 | 23.5% | -3.1% |
| Q4 25 | $-12.85 | $0.62 | ||
| Q3 25 | $-11.35 | $0.42 | ||
| Q2 25 | $-6.88 | $0.12 | ||
| Q1 25 | $-4.91 | $-0.10 | ||
| Q4 24 | $-13.64 | $0.17 | ||
| Q3 24 | $-12.39 | $0.03 | ||
| Q2 24 | $2.50 | $-0.11 | ||
| Q1 24 | $5.99 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $962.3M |
| Total Assets | $2.8B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $403.4M | ||
| Q3 25 | $81.9M | $376.9M | ||
| Q2 25 | $100.0M | $371.1M | ||
| Q1 25 | $85.8M | $420.8M | ||
| Q4 24 | $112.9M | $384.3M | ||
| Q3 24 | $119.7M | $348.4M | ||
| Q2 24 | $121.8M | $342.7M | ||
| Q1 24 | $111.1M | $368.9M |
| 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 | $962.3M | ||
| Q3 25 | $-548.7M | $943.8M | ||
| Q2 25 | $-485.5M | $947.8M | ||
| Q1 25 | $-446.1M | $948.9M | ||
| Q4 24 | $-419.2M | $957.7M | ||
| Q3 24 | $-288.4M | $932.1M | ||
| Q2 24 | $-225.9M | $951.9M | ||
| Q1 24 | $-276.8M | $949.1M |
| Q4 25 | $2.8B | $1.3B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.5B | $1.2B |
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 | — |
| Free Cash FlowOCF − Capex | $-86.8M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 27.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | $57.4M | ||
| Q2 25 | $16.3M | $-15.8M | ||
| Q1 25 | $-25.0M | — | ||
| Q4 24 | $-23.6M | $45.1M | ||
| Q3 24 | $795.0K | $55.6M | ||
| Q2 24 | $8.0M | $-9.3M | ||
| Q1 24 | $-46.5M | — |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | $56.8M | ||
| Q2 25 | $-3.6M | $-16.2M | ||
| Q1 25 | $-44.8M | — | ||
| Q4 24 | $-131.6M | $44.8M | ||
| Q3 24 | $-21.8M | $55.4M | ||
| Q2 24 | $-22.9M | $-9.6M | ||
| Q1 24 | $-80.4M | — |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | 28.4% | ||
| Q2 25 | -1.2% | -8.3% | ||
| Q1 25 | -16.2% | — | ||
| Q4 24 | -47.8% | 22.9% | ||
| Q3 24 | -7.9% | 29.8% | ||
| Q2 24 | -7.2% | -5.4% | ||
| Q1 24 | -26.5% | — |
| Q4 25 | 27.5% | 0.1% | ||
| Q3 25 | 2.1% | 0.3% | ||
| Q2 25 | 6.6% | 0.2% | ||
| Q1 25 | 7.2% | 0.2% | ||
| Q4 24 | 39.2% | 0.1% | ||
| Q3 24 | 8.2% | 0.1% | ||
| Q2 24 | 9.8% | 0.1% | ||
| Q1 24 | 11.2% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| 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% |
RAMP
Segment breakdown not available.
