vs
Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and CVR PARTNERS, LP (UAN). 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 $180.0M, roughly 1.4× CVR PARTNERS, LP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -26.8%, a 54.5% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs -6.0%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
AHT vs UAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $180.0M |
| Net Profit | $-69.3M | $49.9M |
| Gross Margin | — | 37.5% |
| Operating Margin | -2.6% | 32.0% |
| Net Margin | -26.8% | 27.7% |
| Revenue YoY | -6.0% | 26.0% |
| Net Profit YoY | 44.2% | 84.3% |
| EPS (diluted) | $-12.85 | — |
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 | — | $180.0M | ||
| Q4 25 | $259.0M | $131.1M | ||
| Q3 25 | $266.1M | $163.5M | ||
| Q2 25 | $302.0M | $168.6M | ||
| Q1 25 | $277.4M | $142.9M | ||
| Q4 24 | $275.5M | $139.6M | ||
| Q3 24 | $276.6M | $125.2M | ||
| Q2 24 | $316.5M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $-69.3M | $-10.3M | ||
| Q3 25 | $-60.1M | $43.1M | ||
| Q2 25 | $-30.4M | $38.8M | ||
| Q1 25 | $-20.0M | $27.1M | ||
| Q4 24 | $-124.2M | $18.3M | ||
| Q3 24 | $-57.9M | $3.8M | ||
| Q2 24 | $50.3M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | -2.6% | -2.2% | ||
| Q3 25 | 4.6% | 31.0% | ||
| Q2 25 | 16.3% | 27.5% | ||
| Q1 25 | 22.2% | 24.2% | ||
| Q4 24 | -17.8% | 18.4% | ||
| Q3 24 | 7.3% | 8.8% | ||
| Q2 24 | 42.8% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | -26.8% | -7.8% | ||
| Q3 25 | -22.6% | 26.3% | ||
| Q2 25 | -10.1% | 23.0% | ||
| Q1 25 | -7.2% | 19.0% | ||
| Q4 24 | -45.1% | 13.1% | ||
| Q3 24 | -20.9% | 3.0% | ||
| Q2 24 | 15.9% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-12.85 | $-0.98 | ||
| Q3 25 | $-11.35 | $4.08 | ||
| Q2 25 | $-6.88 | $3.67 | ||
| Q1 25 | $-4.91 | $2.56 | ||
| Q4 24 | $-13.64 | $1.73 | ||
| Q3 24 | $-12.39 | $0.36 | ||
| Q2 24 | $2.50 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | — |
| Total Assets | $2.8B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $66.1M | $69.2M | ||
| Q3 25 | $81.9M | $156.2M | ||
| Q2 25 | $100.0M | $114.4M | ||
| Q1 25 | $85.8M | $121.8M | ||
| Q4 24 | $112.9M | $90.9M | ||
| Q3 24 | $119.7M | $110.5M | ||
| Q2 24 | $121.8M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $569.1M | ||
| Q3 25 | $2.6B | $569.1M | ||
| Q2 25 | $2.6B | $569.2M | ||
| Q1 25 | $2.7B | $569.3M | ||
| Q4 24 | $2.6B | $568.0M | ||
| Q3 24 | $2.7B | $547.7M | ||
| Q2 24 | $2.8B | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-626.4M | — | ||
| Q3 25 | $-548.7M | — | ||
| Q2 25 | $-485.5M | — | ||
| Q1 25 | $-446.1M | — | ||
| Q4 24 | $-419.2M | — | ||
| Q3 24 | $-288.4M | — | ||
| Q2 24 | $-225.9M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.8B | $969.5M | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $3.1B | $998.0M | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.3B | $986.6M | ||
| Q2 24 | $3.3B | $959.4M |
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 | — |
| Free Cash FlowOCF − Capex | $-86.8M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 27.5% | 7.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $-21.6M | ||
| Q3 25 | $5.5M | $91.7M | ||
| Q2 25 | $16.3M | $24.1M | ||
| Q1 25 | $-25.0M | $55.4M | ||
| Q4 24 | $-23.6M | $12.8M | ||
| Q3 24 | $795.0K | $86.7M | ||
| Q2 24 | $8.0M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $-45.2M | ||
| Q3 25 | $-226.0K | $80.1M | ||
| Q2 25 | $-3.6M | $18.4M | ||
| Q1 25 | $-44.8M | $45.5M | ||
| Q4 24 | $-131.6M | $-5.6M | ||
| Q3 24 | $-21.8M | $82.3M | ||
| Q2 24 | $-22.9M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | -34.5% | ||
| Q3 25 | -0.1% | 49.0% | ||
| Q2 25 | -1.2% | 10.9% | ||
| Q1 25 | -16.2% | 31.9% | ||
| Q4 24 | -47.8% | -4.0% | ||
| Q3 24 | -7.9% | 65.7% | ||
| Q2 24 | -7.2% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 27.5% | 18.0% | ||
| Q3 25 | 2.1% | 7.1% | ||
| Q2 25 | 6.6% | 3.4% | ||
| Q1 25 | 7.2% | 6.9% | ||
| Q4 24 | 39.2% | 13.1% | ||
| Q3 24 | 8.2% | 3.6% | ||
| Q2 24 | 9.8% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 22.78× | ||
| Q2 24 | 0.16× | 0.33× |
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% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
