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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Strategic Education, Inc. (STRA). Click either name above to swap in a different company.
Strategic Education, Inc. is the larger business by last-quarter revenue ($305.9M vs $259.0M, roughly 1.2× ASHFORD HOSPITALITY TRUST INC). Strategic Education, Inc. runs the higher net margin — 10.7% vs -26.8%, a 37.5% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -6.0%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-86.8M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% 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.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
AHT vs STRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $305.9M |
| Net Profit | $-69.3M | $32.8M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 13.4% |
| Net Margin | -26.8% | 10.7% |
| Revenue YoY | -6.0% | 0.8% |
| Net Profit YoY | 44.2% | 10.3% |
| EPS (diluted) | $-12.85 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $259.0M | $323.2M | ||
| Q3 25 | $266.1M | $319.9M | ||
| Q2 25 | $302.0M | $321.5M | ||
| Q1 25 | $277.4M | $303.6M | ||
| Q4 24 | $275.5M | $311.5M | ||
| Q3 24 | $276.6M | $306.0M | ||
| Q2 24 | $316.5M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-69.3M | $37.9M | ||
| Q3 25 | $-60.1M | $26.6M | ||
| Q2 25 | $-30.4M | $32.3M | ||
| Q1 25 | $-20.0M | $29.7M | ||
| Q4 24 | $-124.2M | $25.3M | ||
| Q3 24 | $-57.9M | $27.7M | ||
| Q2 24 | $50.3M | $29.9M |
| Q1 26 | — | 13.4% | ||
| Q4 25 | -2.6% | 16.0% | ||
| Q3 25 | 4.6% | 11.6% | ||
| Q2 25 | 16.3% | 14.2% | ||
| Q1 25 | 22.2% | 13.1% | ||
| Q4 24 | -17.8% | 11.6% | ||
| Q3 24 | 7.3% | 11.9% | ||
| Q2 24 | 42.8% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | -26.8% | 11.7% | ||
| Q3 25 | -22.6% | 8.3% | ||
| Q2 25 | -10.1% | 10.1% | ||
| Q1 25 | -7.2% | 9.8% | ||
| Q4 24 | -45.1% | 8.1% | ||
| Q3 24 | -20.9% | 9.1% | ||
| Q2 24 | 15.9% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $-12.85 | $1.65 | ||
| Q3 25 | $-11.35 | $1.15 | ||
| Q2 25 | $-6.88 | $1.37 | ||
| Q1 25 | $-4.91 | $1.24 | ||
| Q4 24 | $-13.64 | $1.05 | ||
| Q3 24 | $-12.39 | $1.15 | ||
| Q2 24 | $2.50 | $1.24 |
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 | $150.3M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $1.6B |
| Total Assets | $2.8B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | $66.1M | $148.1M | ||
| Q3 25 | $81.9M | $172.6M | ||
| Q2 25 | $100.0M | $164.9M | ||
| Q1 25 | $85.8M | $182.6M | ||
| Q4 24 | $112.9M | $184.0M | ||
| Q3 24 | $119.7M | $222.1M | ||
| Q2 24 | $121.8M | $256.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.6B | ||
| Q4 25 | $-626.4M | $1.6B | ||
| Q3 25 | $-548.7M | $1.7B | ||
| Q2 25 | $-485.5M | $1.7B | ||
| Q1 25 | $-446.1M | $1.6B | ||
| Q4 24 | $-419.2M | $1.7B | ||
| Q3 24 | $-288.4M | $1.7B | ||
| Q2 24 | $-225.9M | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.8B | $2.0B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $3.3B | $2.2B |
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 | $87.4M |
| Free Cash FlowOCF − Capex | $-86.8M | $77.3M |
| FCF MarginFCF / Revenue | -33.5% | 25.3% |
| Capex IntensityCapex / Revenue | 27.5% | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $-15.7M | $39.2M | ||
| Q3 25 | $5.5M | $60.1M | ||
| Q2 25 | $16.3M | $31.2M | ||
| Q1 25 | $-25.0M | $67.7M | ||
| Q4 24 | $-23.6M | $15.9M | ||
| Q3 24 | $795.0K | $51.5M | ||
| Q2 24 | $8.0M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $-86.8M | $27.0M | ||
| Q3 25 | $-226.0K | $49.3M | ||
| Q2 25 | $-3.6M | $20.4M | ||
| Q1 25 | $-44.8M | $57.3M | ||
| Q4 24 | $-131.6M | $4.7M | ||
| Q3 24 | $-21.8M | $42.1M | ||
| Q2 24 | $-22.9M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | -33.5% | 8.3% | ||
| Q3 25 | -0.1% | 15.4% | ||
| Q2 25 | -1.2% | 6.3% | ||
| Q1 25 | -16.2% | 18.9% | ||
| Q4 24 | -47.8% | 1.5% | ||
| Q3 24 | -7.9% | 13.8% | ||
| Q2 24 | -7.2% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 27.5% | 3.8% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 6.6% | 3.4% | ||
| Q1 25 | 7.2% | 3.4% | ||
| Q4 24 | 39.2% | 3.6% | ||
| Q3 24 | 8.2% | 3.1% | ||
| Q2 24 | 9.8% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 0.16× | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
