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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.
TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $259.0M, roughly 1.6× ASHFORD HOSPITALITY TRUST INC). TripAdvisor, Inc. runs the higher net margin — -9.2% vs -26.8%, a 17.5% gap on every dollar of revenue. On growth, TripAdvisor, Inc. posted the faster year-over-year revenue change (0.0% vs -6.0%). ASHFORD HOSPITALITY TRUST INC produced more free cash flow last quarter ($-86.8M vs $-122.0M). Over the past eight quarters, TripAdvisor, Inc.'s revenue compounded faster (2.0% 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.
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
AHT vs TRIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $411.0M |
| Net Profit | $-69.3M | $-38.0M |
| Gross Margin | — | 91.5% |
| Operating Margin | -2.6% | -8.3% |
| Net Margin | -26.8% | -9.2% |
| Revenue YoY | -6.0% | 0.0% |
| Net Profit YoY | 44.2% | -3900.0% |
| EPS (diluted) | $-12.85 | $-0.32 |
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 | $411.0M | ||
| Q3 25 | $266.1M | $553.0M | ||
| Q2 25 | $302.0M | $529.0M | ||
| Q1 25 | $277.4M | $398.0M | ||
| Q4 24 | $275.5M | $411.0M | ||
| Q3 24 | $276.6M | $532.0M | ||
| Q2 24 | $316.5M | $497.0M | ||
| Q1 24 | $303.9M | $395.0M |
| Q4 25 | $-69.3M | $-38.0M | ||
| Q3 25 | $-60.1M | $53.0M | ||
| Q2 25 | $-30.4M | $36.0M | ||
| Q1 25 | $-20.0M | $-11.0M | ||
| Q4 24 | $-124.2M | $1.0M | ||
| Q3 24 | $-57.9M | $39.0M | ||
| Q2 24 | $50.3M | $24.0M | ||
| Q1 24 | $71.6M | $-59.0M |
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% | ||
| Q1 24 | — | 93.7% |
| Q4 25 | -2.6% | -8.3% | ||
| Q3 25 | 4.6% | 12.7% | ||
| Q2 25 | 16.3% | 11.2% | ||
| Q1 25 | 22.2% | -3.8% | ||
| Q4 24 | -17.8% | 0.2% | ||
| Q3 24 | 7.3% | 13.2% | ||
| Q2 24 | 42.8% | 7.2% | ||
| Q1 24 | 50.2% | -3.8% |
| Q4 25 | -26.8% | -9.2% | ||
| Q3 25 | -22.6% | 9.6% | ||
| Q2 25 | -10.1% | 6.8% | ||
| Q1 25 | -7.2% | -2.8% | ||
| Q4 24 | -45.1% | 0.2% | ||
| Q3 24 | -20.9% | 7.3% | ||
| Q2 24 | 15.9% | 4.8% | ||
| Q1 24 | 23.5% | -14.9% |
| Q4 25 | $-12.85 | $-0.32 | ||
| Q3 25 | $-11.35 | $0.43 | ||
| Q2 25 | $-6.88 | $0.28 | ||
| Q1 25 | $-4.91 | $-0.08 | ||
| Q4 24 | $-13.64 | $0.03 | ||
| Q3 24 | $-12.39 | $0.27 | ||
| Q2 24 | $2.50 | $0.17 | ||
| Q1 24 | $5.99 | $-0.43 |
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 | $1.0B |
| Total DebtLower is stronger | $2.5B | $819.0M |
| Stockholders' EquityBook value | $-626.4M | $645.0M |
| Total Assets | $2.8B | $2.6B |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $1.0B | ||
| Q3 25 | $81.9M | $1.2B | ||
| Q2 25 | $100.0M | $1.2B | ||
| Q1 25 | $85.8M | $1.2B | ||
| Q4 24 | $112.9M | $1.1B | ||
| Q3 24 | $119.7M | $1.1B | ||
| Q2 24 | $121.8M | $1.2B | ||
| Q1 24 | $111.1M | $1.2B |
| Q4 25 | $2.5B | $819.0M | ||
| Q3 25 | $2.6B | $821.0M | ||
| Q2 25 | $2.6B | $822.0M | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.6B | $831.0M | ||
| Q3 24 | $2.7B | $832.0M | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $645.0M | ||
| Q3 25 | $-548.7M | $707.0M | ||
| Q2 25 | $-485.5M | $627.0M | ||
| Q1 25 | $-446.1M | $643.0M | ||
| Q4 24 | $-419.2M | $943.0M | ||
| Q3 24 | $-288.4M | $944.0M | ||
| Q2 24 | $-225.9M | $857.0M | ||
| Q1 24 | $-276.8M | $825.0M |
| Q4 25 | $2.8B | $2.6B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $3.1B | $2.9B | ||
| Q1 25 | $3.1B | $2.8B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.3B | $2.7B | ||
| Q2 24 | $3.3B | $2.8B | ||
| Q1 24 | $3.5B | $2.7B |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | $-103.0M |
| Free Cash FlowOCF − Capex | $-86.8M | $-122.0M |
| FCF MarginFCF / Revenue | -33.5% | -29.7% |
| Capex IntensityCapex / Revenue | 27.5% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $163.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $-103.0M | ||
| Q3 25 | $5.5M | $44.0M | ||
| Q2 25 | $16.3M | $202.0M | ||
| Q1 25 | $-25.0M | $102.0M | ||
| Q4 24 | $-23.6M | $-3.0M | ||
| Q3 24 | $795.0K | $-43.0M | ||
| Q2 24 | $8.0M | $51.0M | ||
| Q1 24 | $-46.5M | $139.0M |
| Q4 25 | $-86.8M | $-122.0M | ||
| Q3 25 | $-226.0K | $25.0M | ||
| Q2 25 | $-3.6M | $177.0M | ||
| Q1 25 | $-44.8M | $83.0M | ||
| Q4 24 | $-131.6M | $-26.0M | ||
| Q3 24 | $-21.8M | $-63.0M | ||
| Q2 24 | $-22.9M | $36.0M | ||
| Q1 24 | $-80.4M | $123.0M |
| Q4 25 | -33.5% | -29.7% | ||
| Q3 25 | -0.1% | 4.5% | ||
| Q2 25 | -1.2% | 33.5% | ||
| Q1 25 | -16.2% | 20.9% | ||
| Q4 24 | -47.8% | -6.3% | ||
| Q3 24 | -7.9% | -11.8% | ||
| Q2 24 | -7.2% | 7.2% | ||
| Q1 24 | -26.5% | 31.1% |
| Q4 25 | 27.5% | 4.6% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 6.6% | 4.7% | ||
| Q1 25 | 7.2% | 4.8% | ||
| Q4 24 | 39.2% | 5.6% | ||
| Q3 24 | 8.2% | 3.8% | ||
| Q2 24 | 9.8% | 3.0% | ||
| Q1 24 | 11.2% | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 5.61× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.00× | ||
| Q3 24 | — | -1.10× | ||
| Q2 24 | 0.16× | 2.13× | ||
| Q1 24 | -0.65× | — |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
