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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Shutterstock, Inc. (SSTK). 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 $220.2M, roughly 1.2× Shutterstock, Inc.). Shutterstock, Inc. runs the higher net margin — -7.3% vs -26.8%, a 19.5% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $-86.8M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% 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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
AHT vs SSTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $220.2M |
| Net Profit | $-69.3M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | -2.6% | -1.1% |
| Net Margin | -26.8% | -7.3% |
| Revenue YoY | -6.0% | -12.0% |
| Net Profit YoY | 44.2% | -1021.0% |
| EPS (diluted) | $-12.85 | $-0.47 |
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 | $220.2M | ||
| Q3 25 | $266.1M | $260.1M | ||
| Q2 25 | $302.0M | $267.0M | ||
| Q1 25 | $277.4M | $242.6M | ||
| Q4 24 | $275.5M | $250.3M | ||
| Q3 24 | $276.6M | $250.6M | ||
| Q2 24 | $316.5M | $220.1M | ||
| Q1 24 | $303.9M | $214.3M |
| Q4 25 | $-69.3M | $-16.0M | ||
| Q3 25 | $-60.1M | $13.4M | ||
| Q2 25 | $-30.4M | $29.4M | ||
| Q1 25 | $-20.0M | $18.7M | ||
| Q4 24 | $-124.2M | $-1.4M | ||
| Q3 24 | $-57.9M | $17.6M | ||
| Q2 24 | $50.3M | $3.6M | ||
| Q1 24 | $71.6M | $16.1M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 58.8% |
| Q4 25 | -2.6% | -1.1% | ||
| Q3 25 | 4.6% | 12.5% | ||
| Q2 25 | 16.3% | 13.0% | ||
| Q1 25 | 22.2% | 4.2% | ||
| Q4 24 | -17.8% | 5.3% | ||
| Q3 24 | 7.3% | 7.2% | ||
| Q2 24 | 42.8% | 9.4% | ||
| Q1 24 | 50.2% | 7.8% |
| Q4 25 | -26.8% | -7.3% | ||
| Q3 25 | -22.6% | 5.1% | ||
| Q2 25 | -10.1% | 11.0% | ||
| Q1 25 | -7.2% | 7.7% | ||
| Q4 24 | -45.1% | -0.6% | ||
| Q3 24 | -20.9% | 7.0% | ||
| Q2 24 | 15.9% | 1.6% | ||
| Q1 24 | 23.5% | 7.5% |
| Q4 25 | $-12.85 | $-0.47 | ||
| Q3 25 | $-11.35 | $0.37 | ||
| Q2 25 | $-6.88 | $0.82 | ||
| Q1 25 | $-4.91 | $0.53 | ||
| Q4 24 | $-13.64 | $-0.04 | ||
| Q3 24 | $-12.39 | $0.50 | ||
| Q2 24 | $2.50 | $0.10 | ||
| Q1 24 | $5.99 | $0.45 |
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 | $178.2M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $581.0M |
| Total Assets | $2.8B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $178.2M | ||
| Q3 25 | $81.9M | $165.5M | ||
| Q2 25 | $100.0M | $116.4M | ||
| Q1 25 | $85.8M | $112.2M | ||
| Q4 24 | $112.9M | $111.3M | ||
| Q3 24 | $119.7M | $131.4M | ||
| Q2 24 | $121.8M | $74.9M | ||
| Q1 24 | $111.1M | $71.8M |
| 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 | $581.0M | ||
| Q3 25 | $-548.7M | $594.4M | ||
| Q2 25 | $-485.5M | $586.2M | ||
| Q1 25 | $-446.1M | $547.2M | ||
| Q4 24 | $-419.2M | $518.4M | ||
| Q3 24 | $-288.4M | $522.9M | ||
| Q2 24 | $-225.9M | $520.4M | ||
| Q1 24 | $-276.8M | $541.3M |
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.3B | $1.3B | ||
| Q2 24 | $3.3B | $1.0B | ||
| Q1 24 | $3.5B | $1.0B |
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 | $36.2M |
| Free Cash FlowOCF − Capex | $-86.8M | $25.9M |
| FCF MarginFCF / Revenue | -33.5% | 11.8% |
| Capex IntensityCapex / Revenue | 27.5% | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $36.2M | ||
| Q3 25 | $5.5M | $78.4M | ||
| Q2 25 | $16.3M | $26.8M | ||
| Q1 25 | $-25.0M | $25.2M | ||
| Q4 24 | $-23.6M | $8.0M | ||
| Q3 24 | $795.0K | $-11.6M | ||
| Q2 24 | $8.0M | $28.0M | ||
| Q1 24 | $-46.5M | $8.3M |
| Q4 25 | $-86.8M | $25.9M | ||
| Q3 25 | $-226.0K | $68.0M | ||
| Q2 25 | $-3.6M | $15.5M | ||
| Q1 25 | $-44.8M | $14.4M | ||
| Q4 24 | $-131.6M | $-952.0K | ||
| Q3 24 | $-21.8M | $-26.3M | ||
| Q2 24 | $-22.9M | $18.9M | ||
| Q1 24 | $-80.4M | $-6.2M |
| Q4 25 | -33.5% | 11.8% | ||
| Q3 25 | -0.1% | 26.1% | ||
| Q2 25 | -1.2% | 5.8% | ||
| Q1 25 | -16.2% | 6.0% | ||
| Q4 24 | -47.8% | -0.4% | ||
| Q3 24 | -7.9% | -10.5% | ||
| Q2 24 | -7.2% | 8.6% | ||
| Q1 24 | -26.5% | -2.9% |
| Q4 25 | 27.5% | 4.7% | ||
| Q3 25 | 2.1% | 4.0% | ||
| Q2 25 | 6.6% | 4.2% | ||
| Q1 25 | 7.2% | 4.5% | ||
| Q4 24 | 39.2% | 3.6% | ||
| Q3 24 | 8.2% | 5.9% | ||
| Q2 24 | 9.8% | 4.1% | ||
| Q1 24 | 11.2% | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.86× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | 0.16× | 7.71× | ||
| Q1 24 | -0.65× | 0.51× |
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% |
SSTK
Segment breakdown not available.
