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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Vital Farms, Inc. (VITL). 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 $213.6M, roughly 1.2× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -26.8%, a 34.4% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -6.0%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-86.8M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
AHT vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $213.6M |
| Net Profit | $-69.3M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | -2.6% | 10.0% |
| Net Margin | -26.8% | 7.6% |
| Revenue YoY | -6.0% | 28.7% |
| Net Profit YoY | 44.2% | 54.3% |
| EPS (diluted) | $-12.85 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $266.1M | $198.9M | ||
| Q2 25 | $302.0M | $184.8M | ||
| Q1 25 | $277.4M | $162.2M | ||
| Q4 24 | $275.5M | $166.0M | ||
| Q3 24 | $276.6M | $145.0M | ||
| Q2 24 | $316.5M | $147.4M | ||
| Q1 24 | $303.9M | $147.9M |
| Q4 25 | $-69.3M | $16.3M | ||
| Q3 25 | $-60.1M | $16.4M | ||
| Q2 25 | $-30.4M | $16.6M | ||
| Q1 25 | $-20.0M | $16.9M | ||
| Q4 24 | $-124.2M | $10.6M | ||
| Q3 24 | $-57.9M | $7.4M | ||
| Q2 24 | $50.3M | $16.3M | ||
| Q1 24 | $71.6M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 39.8% |
| Q4 25 | -2.6% | 10.0% | ||
| Q3 25 | 4.6% | 10.8% | ||
| Q2 25 | 16.3% | 12.9% | ||
| Q1 25 | 22.2% | 13.4% | ||
| Q4 24 | -17.8% | 7.8% | ||
| Q3 24 | 7.3% | 6.4% | ||
| Q2 24 | 42.8% | 11.6% | ||
| Q1 24 | 50.2% | 16.3% |
| Q4 25 | -26.8% | 7.6% | ||
| Q3 25 | -22.6% | 8.3% | ||
| Q2 25 | -10.1% | 9.0% | ||
| Q1 25 | -7.2% | 10.4% | ||
| Q4 24 | -45.1% | 6.4% | ||
| Q3 24 | -20.9% | 5.1% | ||
| Q2 24 | 15.9% | 11.1% | ||
| Q1 24 | 23.5% | 12.9% |
| Q4 25 | $-12.85 | $0.35 | ||
| Q3 25 | $-11.35 | $0.36 | ||
| Q2 25 | $-6.88 | $0.36 | ||
| Q1 25 | $-4.91 | $0.37 | ||
| Q4 24 | $-13.64 | $0.23 | ||
| Q3 24 | $-12.39 | $0.16 | ||
| Q2 24 | $2.50 | $0.36 | ||
| 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 | $48.8M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $351.3M |
| Total Assets | $2.8B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $48.8M | ||
| Q3 25 | $81.9M | $93.8M | ||
| Q2 25 | $100.0M | $108.2M | ||
| Q1 25 | $85.8M | $156.3M | ||
| Q4 24 | $112.9M | $150.6M | ||
| Q3 24 | $119.7M | $149.5M | ||
| Q2 24 | $121.8M | $133.2M | ||
| Q1 24 | $111.1M | $113.8M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $351.3M | ||
| Q3 25 | $-548.7M | $331.2M | ||
| Q2 25 | $-485.5M | $309.8M | ||
| Q1 25 | $-446.1M | $288.9M | ||
| Q4 24 | $-419.2M | $269.3M | ||
| Q3 24 | $-288.4M | $253.4M | ||
| Q2 24 | $-225.9M | $238.4M | ||
| Q1 24 | $-276.8M | $213.3M |
| Q4 25 | $2.8B | $518.7M | ||
| Q3 25 | $3.0B | $481.5M | ||
| Q2 25 | $3.1B | $430.8M | ||
| Q1 25 | $3.1B | $376.9M | ||
| Q4 24 | $3.2B | $359.3M | ||
| Q3 24 | $3.3B | $344.7M | ||
| Q2 24 | $3.3B | $320.5M | ||
| Q1 24 | $3.5B | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $-86.8M | $-32.1M |
| FCF MarginFCF / Revenue | -33.5% | -15.1% |
| Capex IntensityCapex / Revenue | 27.5% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $5.8M | ||
| Q3 25 | $5.5M | $23.4M | ||
| Q2 25 | $16.3M | $-761.0K | ||
| Q1 25 | $-25.0M | $5.3M | ||
| Q4 24 | $-23.6M | $14.8M | ||
| Q3 24 | $795.0K | $10.0M | ||
| Q2 24 | $8.0M | $16.1M | ||
| Q1 24 | $-46.5M | $23.9M |
| Q4 25 | $-86.8M | $-32.1M | ||
| Q3 25 | $-226.0K | $-10.6M | ||
| Q2 25 | $-3.6M | $-7.6M | ||
| Q1 25 | $-44.8M | $2.1M | ||
| Q4 24 | $-131.6M | $-3.4M | ||
| Q3 24 | $-21.8M | $6.4M | ||
| Q2 24 | $-22.9M | $10.5M | ||
| Q1 24 | $-80.4M | $22.6M |
| Q4 25 | -33.5% | -15.1% | ||
| Q3 25 | -0.1% | -5.3% | ||
| Q2 25 | -1.2% | -4.1% | ||
| Q1 25 | -16.2% | 1.3% | ||
| Q4 24 | -47.8% | -2.0% | ||
| Q3 24 | -7.9% | 4.4% | ||
| Q2 24 | -7.2% | 7.2% | ||
| Q1 24 | -26.5% | 15.3% |
| Q4 25 | 27.5% | 17.8% | ||
| Q3 25 | 2.1% | 17.1% | ||
| Q2 25 | 6.6% | 3.7% | ||
| Q1 25 | 7.2% | 1.9% | ||
| Q4 24 | 39.2% | 10.9% | ||
| Q3 24 | 8.2% | 2.5% | ||
| Q2 24 | 9.8% | 3.8% | ||
| Q1 24 | 11.2% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | 0.16× | 0.99× | ||
| Q1 24 | -0.65× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
