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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and GIBRALTAR INDUSTRIES, INC. (ROCK). 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 $225.0M, roughly 1.2× GIBRALTAR INDUSTRIES, INC.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs -6.0%). GIBRALTAR INDUSTRIES, INC. produced more free cash flow last quarter ($26.2M vs $-86.8M). Over the past eight quarters, ASHFORD HOSPITALITY TRUST INC's revenue compounded faster (-7.7% CAGR vs -12.3%).

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.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

AHT vs ROCK — Head-to-Head

Bigger by revenue
AHT
AHT
1.2× larger
AHT
$259.0M
$225.0M
ROCK
Growing faster (revenue YoY)
ROCK
ROCK
+30.9% gap
ROCK
24.9%
-6.0%
AHT
More free cash flow
ROCK
ROCK
$113.0M more FCF
ROCK
$26.2M
$-86.8M
AHT
Faster 2-yr revenue CAGR
AHT
AHT
Annualised
AHT
-7.7%
-12.3%
ROCK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHT
AHT
ROCK
ROCK
Revenue
$259.0M
$225.0M
Net Profit
$-69.3M
Gross Margin
25.3%
Operating Margin
-2.6%
7.9%
Net Margin
-26.8%
Revenue YoY
-6.0%
24.9%
Net Profit YoY
44.2%
EPS (diluted)
$-12.85

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.

Revenue
AHT
AHT
ROCK
ROCK
Q4 25
$259.0M
$225.0M
Q3 25
$266.1M
$310.9M
Q2 25
$302.0M
$309.5M
Q1 25
$277.4M
$290.0M
Q4 24
$275.5M
$180.1M
Q3 24
$276.6M
$277.1M
Q2 24
$316.5M
$273.6M
Q1 24
$303.9M
$292.5M
Net Profit
AHT
AHT
ROCK
ROCK
Q4 25
$-69.3M
Q3 25
$-60.1M
$-89.1M
Q2 25
$-30.4M
$26.0M
Q1 25
$-20.0M
$21.1M
Q4 24
$-124.2M
Q3 24
$-57.9M
$34.0M
Q2 24
$50.3M
$32.2M
Q1 24
$71.6M
$24.9M
Gross Margin
AHT
AHT
ROCK
ROCK
Q4 25
25.3%
Q3 25
26.6%
Q2 25
28.4%
Q1 25
26.8%
Q4 24
29.0%
Q3 24
29.4%
Q2 24
30.5%
Q1 24
28.9%
Operating Margin
AHT
AHT
ROCK
ROCK
Q4 25
-2.6%
7.9%
Q3 25
4.6%
12.8%
Q2 25
16.3%
12.8%
Q1 25
22.2%
8.8%
Q4 24
-17.8%
13.3%
Q3 24
7.3%
15.6%
Q2 24
42.8%
14.9%
Q1 24
50.2%
10.8%
Net Margin
AHT
AHT
ROCK
ROCK
Q4 25
-26.8%
Q3 25
-22.6%
-28.6%
Q2 25
-10.1%
8.4%
Q1 25
-7.2%
7.3%
Q4 24
-45.1%
Q3 24
-20.9%
12.3%
Q2 24
15.9%
11.8%
Q1 24
23.5%
8.5%
EPS (diluted)
AHT
AHT
ROCK
ROCK
Q4 25
$-12.85
Q3 25
$-11.35
$-2.98
Q2 25
$-6.88
$0.87
Q1 25
$-4.91
Q4 24
$-13.64
Q3 24
$-12.39
$1.11
Q2 24
$2.50
$1.05
Q1 24
$5.99

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHT
AHT
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$66.1M
$115.7M
Total DebtLower is stronger
$2.5B
$0
Stockholders' EquityBook value
$-626.4M
$950.4M
Total Assets
$2.8B
$1.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
ROCK
ROCK
Q4 25
$66.1M
$115.7M
Q3 25
$81.9M
$89.4M
Q2 25
$100.0M
$43.3M
Q1 25
$85.8M
$25.1M
Q4 24
$112.9M
$269.5M
Q3 24
$119.7M
$228.9M
Q2 24
$121.8M
$179.1M
Q1 24
$111.1M
$146.7M
Total Debt
AHT
AHT
ROCK
ROCK
Q4 25
$2.5B
$0
Q3 25
$2.6B
$0
Q2 25
$2.6B
$0
Q1 25
$2.7B
$0
Q4 24
$2.6B
$0
Q3 24
$2.7B
$0
Q2 24
$2.8B
$0
Q1 24
$2.9B
$0
Stockholders' Equity
AHT
AHT
ROCK
ROCK
Q4 25
$-626.4M
$950.4M
Q3 25
$-548.7M
$951.8M
Q2 25
$-485.5M
$1.0B
Q1 25
$-446.1M
$1.0B
Q4 24
$-419.2M
$1.0B
Q3 24
$-288.4M
$1.0B
Q2 24
$-225.9M
$975.7M
Q1 24
$-276.8M
$940.2M
Total Assets
AHT
AHT
ROCK
ROCK
Q4 25
$2.8B
$1.4B
Q3 25
$3.0B
$1.4B
Q2 25
$3.1B
$1.5B
Q1 25
$3.1B
$1.4B
Q4 24
$3.2B
$1.4B
Q3 24
$3.3B
$1.4B
Q2 24
$3.3B
$1.4B
Q1 24
$3.5B
$1.3B
Debt / Equity
AHT
AHT
ROCK
ROCK
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AHT
AHT
ROCK
ROCK
Operating Cash FlowLast quarter
$-15.7M
$35.5M
Free Cash FlowOCF − Capex
$-86.8M
$26.2M
FCF MarginFCF / Revenue
-33.5%
11.7%
Capex IntensityCapex / Revenue
27.5%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-135.5M
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
ROCK
ROCK
Q4 25
$-15.7M
$35.5M
Q3 25
$5.5M
$73.0M
Q2 25
$16.3M
$44.9M
Q1 25
$-25.0M
$13.7M
Q4 24
$-23.6M
$19.9M
Q3 24
$795.0K
$64.7M
Q2 24
$8.0M
$36.5M
Q1 24
$-46.5M
$53.2M
Free Cash Flow
AHT
AHT
ROCK
ROCK
Q4 25
$-86.8M
$26.2M
Q3 25
$-226.0K
$64.8M
Q2 25
$-3.6M
$27.3M
Q1 25
$-44.8M
$2.3M
Q4 24
$-131.6M
$14.1M
Q3 24
$-21.8M
$60.5M
Q2 24
$-22.9M
$33.5M
Q1 24
$-80.4M
$48.8M
FCF Margin
AHT
AHT
ROCK
ROCK
Q4 25
-33.5%
11.7%
Q3 25
-0.1%
20.8%
Q2 25
-1.2%
8.8%
Q1 25
-16.2%
0.8%
Q4 24
-47.8%
7.8%
Q3 24
-7.9%
21.8%
Q2 24
-7.2%
12.2%
Q1 24
-26.5%
16.7%
Capex Intensity
AHT
AHT
ROCK
ROCK
Q4 25
27.5%
4.1%
Q3 25
2.1%
2.6%
Q2 25
6.6%
5.7%
Q1 25
7.2%
3.9%
Q4 24
39.2%
3.3%
Q3 24
8.2%
1.5%
Q2 24
9.8%
1.1%
Q1 24
11.2%
1.5%
Cash Conversion
AHT
AHT
ROCK
ROCK
Q4 25
Q3 25
Q2 25
1.73×
Q1 25
0.65×
Q4 24
Q3 24
1.90×
Q2 24
0.16×
1.13×
Q1 24
-0.65×
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHT
AHT

Occupancy$190.2M73%
Food And Beverage$51.8M20%
Hotel Other$16.6M6%

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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