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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $259.0M, roughly 1.3× ASHFORD HOSPITALITY TRUST INC). TIDEWATER INC runs the higher net margin — 65.3% vs -26.8%, a 92.1% gap on every dollar of revenue. On growth, TIDEWATER INC posted the faster year-over-year revenue change (-2.4% vs -6.0%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $-86.8M). Over the past eight quarters, TIDEWATER INC's revenue compounded faster (2.4% 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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
AHT vs TDW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $336.8M |
| Net Profit | $-69.3M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 19.0% |
| Net Margin | -26.8% | 65.3% |
| Revenue YoY | -6.0% | -2.4% |
| Net Profit YoY | 44.2% | 495.8% |
| EPS (diluted) | $-12.85 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $266.1M | $341.1M | ||
| Q2 25 | $302.0M | $341.4M | ||
| Q1 25 | $277.4M | $333.4M | ||
| Q4 24 | $275.5M | $345.1M | ||
| Q3 24 | $276.6M | $340.4M | ||
| Q2 24 | $316.5M | $339.2M | ||
| Q1 24 | $303.9M | $321.2M |
| Q4 25 | $-69.3M | $219.9M | ||
| Q3 25 | $-60.1M | $-806.0K | ||
| Q2 25 | $-30.4M | $72.9M | ||
| Q1 25 | $-20.0M | $42.7M | ||
| Q4 24 | $-124.2M | $36.9M | ||
| Q3 24 | $-57.9M | $46.4M | ||
| Q2 24 | $50.3M | $50.4M | ||
| Q1 24 | $71.6M | $47.0M |
| Q4 25 | -2.6% | 19.0% | ||
| Q3 25 | 4.6% | 18.4% | ||
| Q2 25 | 16.3% | 23.7% | ||
| Q1 25 | 22.2% | 22.5% | ||
| Q4 24 | -17.8% | 23.6% | ||
| Q3 24 | 7.3% | 20.6% | ||
| Q2 24 | 42.8% | 23.0% | ||
| Q1 24 | 50.2% | 25.5% |
| Q4 25 | -26.8% | 65.3% | ||
| Q3 25 | -22.6% | -0.2% | ||
| Q2 25 | -10.1% | 21.4% | ||
| Q1 25 | -7.2% | 12.8% | ||
| Q4 24 | -45.1% | 10.7% | ||
| Q3 24 | -20.9% | 13.6% | ||
| Q2 24 | 15.9% | 14.8% | ||
| Q1 24 | 23.5% | 14.6% |
| Q4 25 | $-12.85 | $4.37 | ||
| Q3 25 | $-11.35 | $-0.02 | ||
| Q2 25 | $-6.88 | $1.46 | ||
| Q1 25 | $-4.91 | $0.83 | ||
| Q4 24 | $-13.64 | $0.70 | ||
| Q3 24 | $-12.39 | $0.87 | ||
| Q2 24 | $2.50 | $0.94 | ||
| Q1 24 | $5.99 | $0.89 |
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 | $578.8M |
| Total DebtLower is stronger | $2.5B | $670.1M |
| Stockholders' EquityBook value | $-626.4M | $1.4B |
| Total Assets | $2.8B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $578.8M | ||
| Q3 25 | $81.9M | $428.2M | ||
| Q2 25 | $100.0M | $369.4M | ||
| Q1 25 | $85.8M | $341.8M | ||
| Q4 24 | $112.9M | $324.9M | ||
| Q3 24 | $119.7M | $280.8M | ||
| Q2 24 | $121.8M | $315.9M | ||
| Q1 24 | $111.1M | $280.9M |
| Q4 25 | $2.5B | $670.1M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $647.9M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $1.4B | ||
| Q3 25 | $-548.7M | $1.1B | ||
| Q2 25 | $-485.5M | $1.1B | ||
| Q1 25 | $-446.1M | $1.1B | ||
| Q4 24 | $-419.2M | $1.1B | ||
| Q3 24 | $-288.4M | $1.1B | ||
| Q2 24 | $-225.9M | $1.1B | ||
| Q1 24 | $-276.8M | $1.1B |
| Q4 25 | $2.8B | $2.4B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $3.5B | $2.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $153.0M |
| Free Cash FlowOCF − Capex | $-86.8M | $147.8M |
| FCF MarginFCF / Revenue | -33.5% | 43.9% |
| Capex IntensityCapex / Revenue | 27.5% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $153.0M | ||
| Q3 25 | $5.5M | $54.7M | ||
| Q2 25 | $16.3M | $85.4M | ||
| Q1 25 | $-25.0M | $86.0M | ||
| Q4 24 | $-23.6M | $100.0M | ||
| Q3 24 | $795.0K | $49.0M | ||
| Q2 24 | $8.0M | $78.6M | ||
| Q1 24 | $-46.5M | $54.8M |
| Q4 25 | $-86.8M | $147.8M | ||
| Q3 25 | $-226.0K | $49.6M | ||
| Q2 25 | $-3.6M | $80.2M | ||
| Q1 25 | $-44.8M | $75.7M | ||
| Q4 24 | $-131.6M | $95.5M | ||
| Q3 24 | $-21.8M | $43.3M | ||
| Q2 24 | $-22.9M | $72.3M | ||
| Q1 24 | $-80.4M | $43.8M |
| Q4 25 | -33.5% | 43.9% | ||
| Q3 25 | -0.1% | 14.5% | ||
| Q2 25 | -1.2% | 23.5% | ||
| Q1 25 | -16.2% | 22.7% | ||
| Q4 24 | -47.8% | 27.7% | ||
| Q3 24 | -7.9% | 12.7% | ||
| Q2 24 | -7.2% | 21.3% | ||
| Q1 24 | -26.5% | 13.6% |
| Q4 25 | 27.5% | 1.5% | ||
| Q3 25 | 2.1% | 1.5% | ||
| Q2 25 | 6.6% | 1.5% | ||
| Q1 25 | 7.2% | 3.1% | ||
| Q4 24 | 39.2% | 1.3% | ||
| Q3 24 | 8.2% | 1.7% | ||
| Q2 24 | 9.8% | 1.9% | ||
| Q1 24 | 11.2% | 3.4% |
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | 0.16× | 1.56× | ||
| Q1 24 | -0.65× | 1.16× |
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% |
TDW
Segment breakdown not available.
