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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $259.0M, roughly 1.1× ASHFORD HOSPITALITY TRUST INC). TENNANT CO runs the higher net margin — -1.5% vs -26.8%, a 25.3% gap on every dollar of revenue. On growth, ASHFORD HOSPITALITY TRUST INC posted the faster year-over-year revenue change (-6.0% vs -11.3%). TENNANT CO produced more free cash flow last quarter ($9.7M vs $-86.8M). Over the past eight quarters, TENNANT CO's revenue compounded faster (-3.2% 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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
AHT vs TNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $291.6M |
| Net Profit | $-69.3M | $-4.4M |
| Gross Margin | — | 34.6% |
| Operating Margin | -2.6% | -1.4% |
| Net Margin | -26.8% | -1.5% |
| Revenue YoY | -6.0% | -11.3% |
| Net Profit YoY | 44.2% | -166.7% |
| EPS (diluted) | $-12.85 | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $266.1M | $303.3M | ||
| Q2 25 | $302.0M | $318.6M | ||
| Q1 25 | $277.4M | $290.0M | ||
| Q4 24 | $275.5M | $328.9M | ||
| Q3 24 | $276.6M | $315.8M | ||
| Q2 24 | $316.5M | $331.0M | ||
| Q1 24 | $303.9M | $311.0M |
| Q4 25 | $-69.3M | $-4.4M | ||
| Q3 25 | $-60.1M | $14.9M | ||
| Q2 25 | $-30.4M | $20.2M | ||
| Q1 25 | $-20.0M | $13.1M | ||
| Q4 24 | $-124.2M | $6.6M | ||
| Q3 24 | $-57.9M | $20.8M | ||
| Q2 24 | $50.3M | $27.9M | ||
| Q1 24 | $71.6M | $28.4M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 41.4% | ||
| Q4 24 | — | 41.3% | ||
| Q3 24 | — | 42.4% | ||
| Q2 24 | — | 43.1% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | -2.6% | -1.4% | ||
| Q3 25 | 4.6% | 7.4% | ||
| Q2 25 | 16.3% | 9.6% | ||
| Q1 25 | 22.2% | 6.8% | ||
| Q4 24 | -17.8% | 2.3% | ||
| Q3 24 | 7.3% | 9.7% | ||
| Q2 24 | 42.8% | 11.7% | ||
| Q1 24 | 50.2% | 12.1% |
| Q4 25 | -26.8% | -1.5% | ||
| Q3 25 | -22.6% | 4.9% | ||
| Q2 25 | -10.1% | 6.3% | ||
| Q1 25 | -7.2% | 4.5% | ||
| Q4 24 | -45.1% | 2.0% | ||
| Q3 24 | -20.9% | 6.6% | ||
| Q2 24 | 15.9% | 8.4% | ||
| Q1 24 | 23.5% | 9.1% |
| Q4 25 | $-12.85 | $-0.21 | ||
| Q3 25 | $-11.35 | $0.80 | ||
| Q2 25 | $-6.88 | $1.08 | ||
| Q1 25 | $-4.91 | $0.69 | ||
| Q4 24 | $-13.64 | $0.35 | ||
| Q3 24 | $-12.39 | $1.09 | ||
| Q2 24 | $2.50 | $1.45 | ||
| Q1 24 | $5.99 | $1.49 |
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 | — |
| Total DebtLower is stronger | $2.5B | $273.2M |
| Stockholders' EquityBook value | $-626.4M | $601.6M |
| Total Assets | $2.8B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $85.8M | — | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $119.7M | — | ||
| Q2 24 | $121.8M | — | ||
| Q1 24 | $111.1M | — |
| Q4 25 | $2.5B | $273.2M | ||
| Q3 25 | $2.6B | $238.3M | ||
| Q2 25 | $2.6B | $213.4M | ||
| Q1 25 | $2.7B | $213.3M | ||
| Q4 24 | $2.6B | $198.2M | ||
| Q3 24 | $2.7B | $208.6M | ||
| Q2 24 | $2.8B | $205.6M | ||
| Q1 24 | $2.9B | $207.4M |
| Q4 25 | $-626.4M | $601.6M | ||
| Q3 25 | $-548.7M | $640.9M | ||
| Q2 25 | $-485.5M | $651.9M | ||
| Q1 25 | $-446.1M | $624.4M | ||
| Q4 24 | $-419.2M | $620.8M | ||
| Q3 24 | $-288.4M | $647.2M | ||
| Q2 24 | $-225.9M | $624.6M | ||
| Q1 24 | $-276.8M | $614.6M |
| Q4 25 | $2.8B | $1.3B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.5B | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $-86.8M | $9.7M |
| FCF MarginFCF / Revenue | -33.5% | 3.3% |
| Capex IntensityCapex / Revenue | 27.5% | 1.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $14.2M | ||
| Q3 25 | $5.5M | $28.7M | ||
| Q2 25 | $16.3M | $22.5M | ||
| Q1 25 | $-25.0M | $-400.0K | ||
| Q4 24 | $-23.6M | $37.5M | ||
| Q3 24 | $795.0K | $30.7M | ||
| Q2 24 | $8.0M | $18.6M | ||
| Q1 24 | $-46.5M | $2.9M |
| Q4 25 | $-86.8M | $9.7M | ||
| Q3 25 | $-226.0K | $22.3M | ||
| Q2 25 | $-3.6M | $18.7M | ||
| Q1 25 | $-44.8M | $-7.4M | ||
| Q4 24 | $-131.6M | $28.1M | ||
| Q3 24 | $-21.8M | $26.4M | ||
| Q2 24 | $-22.9M | $14.4M | ||
| Q1 24 | $-80.4M | $-100.0K |
| Q4 25 | -33.5% | 3.3% | ||
| Q3 25 | -0.1% | 7.4% | ||
| Q2 25 | -1.2% | 5.9% | ||
| Q1 25 | -16.2% | -2.6% | ||
| Q4 24 | -47.8% | 8.5% | ||
| Q3 24 | -7.9% | 8.4% | ||
| Q2 24 | -7.2% | 4.4% | ||
| Q1 24 | -26.5% | -0.0% |
| Q4 25 | 27.5% | 1.5% | ||
| Q3 25 | 2.1% | 2.1% | ||
| Q2 25 | 6.6% | 1.2% | ||
| Q1 25 | 7.2% | 2.4% | ||
| Q4 24 | 39.2% | 2.9% | ||
| Q3 24 | 8.2% | 1.4% | ||
| Q2 24 | 9.8% | 1.3% | ||
| Q1 24 | 11.2% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | -0.03× | ||
| Q4 24 | — | 5.68× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 0.16× | 0.67× | ||
| Q1 24 | -0.65× | 0.10× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
