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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Tecnoglass Inc. (TGLS). 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 $245.3M, roughly 1.1× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -26.8%, a 37.4% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -6.0%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-86.8M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
AHT vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $245.3M |
| Net Profit | $-69.3M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | -2.6% | 18.3% |
| Net Margin | -26.8% | 10.6% |
| Revenue YoY | -6.0% | 2.4% |
| Net Profit YoY | 44.2% | -44.5% |
| EPS (diluted) | $-12.85 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $266.1M | $260.5M | ||
| Q2 25 | $302.0M | $255.5M | ||
| Q1 25 | $277.4M | $222.3M | ||
| Q4 24 | $275.5M | $239.6M | ||
| Q3 24 | $276.6M | $238.3M | ||
| Q2 24 | $316.5M | $219.7M | ||
| Q1 24 | $303.9M | $192.6M |
| Q4 25 | $-69.3M | $26.1M | ||
| Q3 25 | $-60.1M | $47.2M | ||
| Q2 25 | $-30.4M | $44.1M | ||
| Q1 25 | $-20.0M | $42.2M | ||
| Q4 24 | $-124.2M | $47.0M | ||
| Q3 24 | $-57.9M | $49.5M | ||
| Q2 24 | $50.3M | $35.0M | ||
| Q1 24 | $71.6M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | -2.6% | 18.3% | ||
| Q3 25 | 4.6% | 25.1% | ||
| Q2 25 | 16.3% | 24.0% | ||
| Q1 25 | 22.2% | 26.7% | ||
| Q4 24 | -17.8% | 28.0% | ||
| Q3 24 | 7.3% | 28.4% | ||
| Q2 24 | 42.8% | 23.3% | ||
| Q1 24 | 50.2% | 21.3% |
| Q4 25 | -26.8% | 10.6% | ||
| Q3 25 | -22.6% | 18.1% | ||
| Q2 25 | -10.1% | 17.3% | ||
| Q1 25 | -7.2% | 19.0% | ||
| Q4 24 | -45.1% | 19.6% | ||
| Q3 24 | -20.9% | 20.8% | ||
| Q2 24 | 15.9% | 15.9% | ||
| Q1 24 | 23.5% | 15.4% |
| Q4 25 | $-12.85 | $0.57 | ||
| Q3 25 | $-11.35 | $1.01 | ||
| Q2 25 | $-6.88 | $0.94 | ||
| Q1 25 | $-4.91 | $0.90 | ||
| Q4 24 | $-13.64 | $1.00 | ||
| Q3 24 | $-12.39 | $1.05 | ||
| Q2 24 | $2.50 | $0.75 | ||
| Q1 24 | $5.99 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $2.5B | $174.4M |
| Stockholders' EquityBook value | $-626.4M | $713.1M |
| Total Assets | $2.8B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $104.1M | ||
| Q3 25 | $81.9M | $127.1M | ||
| Q2 25 | $100.0M | $140.9M | ||
| Q1 25 | $85.8M | $160.2M | ||
| Q4 24 | $112.9M | $137.5M | ||
| Q3 24 | $119.7M | $124.8M | ||
| Q2 24 | $121.8M | $129.5M | ||
| Q1 24 | $111.1M | $138.8M |
| Q4 25 | $2.5B | $174.4M | ||
| Q3 25 | $2.6B | $114.7M | ||
| Q2 25 | $2.6B | $110.6M | ||
| Q1 25 | $2.7B | $110.6M | ||
| Q4 24 | $2.6B | $111.1M | ||
| Q3 24 | $2.7B | $126.8M | ||
| Q2 24 | $2.8B | $144.7M | ||
| Q1 24 | $2.9B | $160.9M |
| Q4 25 | $-626.4M | $713.1M | ||
| Q3 25 | $-548.7M | $764.0M | ||
| Q2 25 | $-485.5M | $736.0M | ||
| Q1 25 | $-446.1M | $685.1M | ||
| Q4 24 | $-419.2M | $631.2M | ||
| Q3 24 | $-288.4M | $613.3M | ||
| Q2 24 | $-225.9M | $574.8M | ||
| Q1 24 | $-276.8M | $573.6M |
| Q4 25 | $2.8B | $1.3B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.3B | $996.3M | ||
| Q2 24 | $3.3B | $942.5M | ||
| Q1 24 | $3.5B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $-86.8M | $11.4M |
| FCF MarginFCF / Revenue | -33.5% | 4.7% |
| Capex IntensityCapex / Revenue | 27.5% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $31.0M | ||
| Q3 25 | $5.5M | $40.0M | ||
| Q2 25 | $16.3M | $17.9M | ||
| Q1 25 | $-25.0M | $46.9M | ||
| Q4 24 | $-23.6M | $61.1M | ||
| Q3 24 | $795.0K | $41.5M | ||
| Q2 24 | $8.0M | $34.5M | ||
| Q1 24 | $-46.5M | $33.4M |
| Q4 25 | $-86.8M | $11.4M | ||
| Q3 25 | $-226.0K | $21.2M | ||
| Q2 25 | $-3.6M | $-14.7M | ||
| Q1 25 | $-44.8M | $16.5M | ||
| Q4 24 | $-131.6M | $35.4M | ||
| Q3 24 | $-21.8M | $17.8M | ||
| Q2 24 | $-22.9M | $14.2M | ||
| Q1 24 | $-80.4M | $23.6M |
| Q4 25 | -33.5% | 4.7% | ||
| Q3 25 | -0.1% | 8.2% | ||
| Q2 25 | -1.2% | -5.7% | ||
| Q1 25 | -16.2% | 7.4% | ||
| Q4 24 | -47.8% | 14.8% | ||
| Q3 24 | -7.9% | 7.5% | ||
| Q2 24 | -7.2% | 6.5% | ||
| Q1 24 | -26.5% | 12.2% |
| Q4 25 | 27.5% | 8.0% | ||
| Q3 25 | 2.1% | 7.2% | ||
| Q2 25 | 6.6% | 12.7% | ||
| Q1 25 | 7.2% | 13.7% | ||
| Q4 24 | 39.2% | 10.7% | ||
| Q3 24 | 8.2% | 9.9% | ||
| Q2 24 | 9.8% | 9.2% | ||
| Q1 24 | 11.2% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | 0.16× | 0.98× | ||
| Q1 24 | -0.65× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
