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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and RADIANT LOGISTICS, INC (RLGT). 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 $232.1M, roughly 1.1× RADIANT LOGISTICS, INC). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -26.8%, a 29.1% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -12.3%). RADIANT LOGISTICS, INC produced more free cash flow last quarter ($11.6M vs $-86.8M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
AHT vs RLGT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $232.1M |
| Net Profit | $-69.3M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 3.2% |
| Net Margin | -26.8% | 2.3% |
| Revenue YoY | -6.0% | -12.3% |
| Net Profit YoY | 44.2% | -18.0% |
| EPS (diluted) | $-12.85 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $266.1M | $226.7M | ||
| Q2 25 | $302.0M | $220.6M | ||
| Q1 25 | $277.4M | $214.0M | ||
| Q4 24 | $275.5M | $264.5M | ||
| Q3 24 | $276.6M | $203.6M | ||
| Q2 24 | $316.5M | $206.0M | ||
| Q1 24 | $303.9M | $184.6M |
| Q4 25 | $-69.3M | $5.3M | ||
| Q3 25 | $-60.1M | $1.3M | ||
| Q2 25 | $-30.4M | $4.9M | ||
| Q1 25 | $-20.0M | $2.5M | ||
| Q4 24 | $-124.2M | $6.5M | ||
| Q3 24 | $-57.9M | $3.4M | ||
| Q2 24 | $50.3M | $4.8M | ||
| Q1 24 | $71.6M | $-703.0K |
| Q4 25 | -2.6% | 3.2% | ||
| Q3 25 | 4.6% | 0.9% | ||
| Q2 25 | 16.3% | 2.4% | ||
| Q1 25 | 22.2% | 1.6% | ||
| Q4 24 | -17.8% | 3.3% | ||
| Q3 24 | 7.3% | 1.9% | ||
| Q2 24 | 42.8% | 2.4% | ||
| Q1 24 | 50.2% | -0.5% |
| Q4 25 | -26.8% | 2.3% | ||
| Q3 25 | -22.6% | 0.6% | ||
| Q2 25 | -10.1% | 2.2% | ||
| Q1 25 | -7.2% | 1.2% | ||
| Q4 24 | -45.1% | 2.4% | ||
| Q3 24 | -20.9% | 1.7% | ||
| Q2 24 | 15.9% | 2.3% | ||
| Q1 24 | 23.5% | -0.4% |
| Q4 25 | $-12.85 | $0.11 | ||
| Q3 25 | $-11.35 | $0.03 | ||
| Q2 25 | $-6.88 | $0.10 | ||
| Q1 25 | $-4.91 | $0.05 | ||
| Q4 24 | $-13.64 | $0.13 | ||
| Q3 24 | $-12.39 | $0.07 | ||
| Q2 24 | $2.50 | $0.11 | ||
| Q1 24 | $5.99 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $229.8M |
| Total Assets | $2.8B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $31.9M | ||
| Q3 25 | $81.9M | $28.1M | ||
| Q2 25 | $100.0M | $22.9M | ||
| Q1 25 | $85.8M | $19.0M | ||
| Q4 24 | $112.9M | $19.9M | ||
| Q3 24 | $119.7M | $10.4M | ||
| Q2 24 | $121.8M | $24.9M | ||
| Q1 24 | $111.1M | $31.2M |
| 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 | $229.8M | ||
| Q3 25 | $-548.7M | $225.7M | ||
| Q2 25 | $-485.5M | $226.0M | ||
| Q1 25 | $-446.1M | $218.2M | ||
| Q4 24 | $-419.2M | $214.4M | ||
| Q3 24 | $-288.4M | $212.4M | ||
| Q2 24 | $-225.9M | $209.4M | ||
| Q1 24 | $-276.8M | $206.0M |
| Q4 25 | $2.8B | $439.4M | ||
| Q3 25 | $3.0B | $445.3M | ||
| Q2 25 | $3.1B | $426.8M | ||
| Q1 25 | $3.1B | $414.5M | ||
| Q4 24 | $3.2B | $386.8M | ||
| Q3 24 | $3.3B | $375.3M | ||
| Q2 24 | $3.3B | $371.2M | ||
| Q1 24 | $3.5B | $364.0M |
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 | $12.4M |
| Free Cash FlowOCF − Capex | $-86.8M | $11.6M |
| FCF MarginFCF / Revenue | -33.5% | 5.0% |
| Capex IntensityCapex / Revenue | 27.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $12.4M | ||
| Q3 25 | $5.5M | $2.5M | ||
| Q2 25 | $16.3M | $3.1M | ||
| Q1 25 | $-25.0M | $-5.7M | ||
| Q4 24 | $-23.6M | $15.7M | ||
| Q3 24 | $795.0K | $205.0K | ||
| Q2 24 | $8.0M | $1.3M | ||
| Q1 24 | $-46.5M | $3.9M |
| Q4 25 | $-86.8M | $11.6M | ||
| Q3 25 | $-226.0K | $977.0K | ||
| Q2 25 | $-3.6M | $2.2M | ||
| Q1 25 | $-44.8M | $-6.4M | ||
| Q4 24 | $-131.6M | $14.1M | ||
| Q3 24 | $-21.8M | $-1.9M | ||
| Q2 24 | $-22.9M | $-185.0K | ||
| Q1 24 | $-80.4M | $1.8M |
| Q4 25 | -33.5% | 5.0% | ||
| Q3 25 | -0.1% | 0.4% | ||
| Q2 25 | -1.2% | 1.0% | ||
| Q1 25 | -16.2% | -3.0% | ||
| Q4 24 | -47.8% | 5.3% | ||
| Q3 24 | -7.9% | -0.9% | ||
| Q2 24 | -7.2% | -0.1% | ||
| Q1 24 | -26.5% | 1.0% |
| Q4 25 | 27.5% | 0.3% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 6.6% | 0.4% | ||
| Q1 25 | 7.2% | 0.3% | ||
| Q4 24 | 39.2% | 0.6% | ||
| Q3 24 | 8.2% | 1.0% | ||
| Q2 24 | 9.8% | 0.7% | ||
| Q1 24 | 11.2% | 1.2% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | 0.16× | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
