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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and WORKIVA INC (WK). 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 $238.9M, roughly 1.1× WORKIVA INC). WORKIVA INC runs the higher net margin — 4.9% vs -26.8%, a 31.7% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -6.0%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-86.8M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
AHT vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $238.9M |
| Net Profit | $-69.3M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | -2.6% | 3.3% |
| Net Margin | -26.8% | 4.9% |
| Revenue YoY | -6.0% | 19.5% |
| Net Profit YoY | 44.2% | 234.0% |
| 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 | $238.9M | ||
| Q3 25 | $266.1M | $224.2M | ||
| Q2 25 | $302.0M | $215.2M | ||
| Q1 25 | $277.4M | $206.3M | ||
| Q4 24 | $275.5M | $199.9M | ||
| Q3 24 | $276.6M | $185.6M | ||
| Q2 24 | $316.5M | $177.5M | ||
| Q1 24 | $303.9M | $175.7M |
| Q4 25 | $-69.3M | $11.8M | ||
| Q3 25 | $-60.1M | $2.8M | ||
| Q2 25 | $-30.4M | $-19.4M | ||
| Q1 25 | $-20.0M | $-21.4M | ||
| Q4 24 | $-124.2M | $-8.8M | ||
| Q3 24 | $-57.9M | $-17.0M | ||
| Q2 24 | $50.3M | $-17.5M | ||
| Q1 24 | $71.6M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | -2.6% | 3.3% | ||
| Q3 25 | 4.6% | -1.5% | ||
| Q2 25 | 16.3% | -10.3% | ||
| Q1 25 | 22.2% | -12.0% | ||
| Q4 24 | -17.8% | -6.7% | ||
| Q3 24 | 7.3% | -11.7% | ||
| Q2 24 | 42.8% | -13.0% | ||
| Q1 24 | 50.2% | -10.4% |
| Q4 25 | -26.8% | 4.9% | ||
| Q3 25 | -22.6% | 1.2% | ||
| Q2 25 | -10.1% | -9.0% | ||
| Q1 25 | -7.2% | -10.4% | ||
| Q4 24 | -45.1% | -4.4% | ||
| Q3 24 | -20.9% | -9.2% | ||
| Q2 24 | 15.9% | -9.9% | ||
| Q1 24 | 23.5% | -6.7% |
| Q4 25 | $-12.85 | $0.21 | ||
| Q3 25 | $-11.35 | $0.05 | ||
| Q2 25 | $-6.88 | $-0.35 | ||
| Q1 25 | $-4.91 | $-0.38 | ||
| Q4 24 | $-13.64 | $-0.15 | ||
| Q3 24 | $-12.39 | $-0.31 | ||
| Q2 24 | $2.50 | $-0.32 | ||
| Q1 24 | $5.99 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $-5.4M |
| Total Assets | $2.8B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $338.8M | ||
| Q3 25 | $81.9M | $315.9M | ||
| Q2 25 | $100.0M | $284.3M | ||
| Q1 25 | $85.8M | $242.0M | ||
| Q4 24 | $112.9M | $301.8M | ||
| Q3 24 | $119.7M | $248.2M | ||
| Q2 24 | $121.8M | $267.9M | ||
| Q1 24 | $111.1M | $296.1M |
| 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 | $-5.4M | ||
| Q3 25 | $-548.7M | $-36.9M | ||
| Q2 25 | $-485.5M | $-66.5M | ||
| Q1 25 | $-446.1M | $-75.7M | ||
| Q4 24 | $-419.2M | $-41.7M | ||
| Q3 24 | $-288.4M | $-50.8M | ||
| Q2 24 | $-225.9M | $-77.7M | ||
| Q1 24 | $-276.8M | $-83.2M |
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.3B | $1.3B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.5B | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $-86.8M | $50.7M |
| FCF MarginFCF / Revenue | -33.5% | 21.2% |
| Capex IntensityCapex / Revenue | 27.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $51.0M | ||
| Q3 25 | $5.5M | $46.2M | ||
| Q2 25 | $16.3M | $50.3M | ||
| Q1 25 | $-25.0M | $-7.4M | ||
| Q4 24 | $-23.6M | $44.0M | ||
| Q3 24 | $795.0K | $18.9M | ||
| Q2 24 | $8.0M | $-14.0K | ||
| Q1 24 | $-46.5M | $24.8M |
| Q4 25 | $-86.8M | $50.7M | ||
| Q3 25 | $-226.0K | $46.1M | ||
| Q2 25 | $-3.6M | $49.3M | ||
| Q1 25 | $-44.8M | $-8.1M | ||
| Q4 24 | $-131.6M | $43.2M | ||
| Q3 24 | $-21.8M | $18.7M | ||
| Q2 24 | $-22.9M | $-122.0K | ||
| Q1 24 | $-80.4M | $24.6M |
| Q4 25 | -33.5% | 21.2% | ||
| Q3 25 | -0.1% | 20.5% | ||
| Q2 25 | -1.2% | 22.9% | ||
| Q1 25 | -16.2% | -3.9% | ||
| Q4 24 | -47.8% | 21.6% | ||
| Q3 24 | -7.9% | 10.1% | ||
| Q2 24 | -7.2% | -0.1% | ||
| Q1 24 | -26.5% | 14.0% |
| Q4 25 | 27.5% | 0.1% | ||
| Q3 25 | 2.1% | 0.0% | ||
| Q2 25 | 6.6% | 0.5% | ||
| Q1 25 | 7.2% | 0.4% | ||
| Q4 24 | 39.2% | 0.4% | ||
| Q3 24 | 8.2% | 0.1% | ||
| Q2 24 | 9.8% | 0.1% | ||
| Q1 24 | 11.2% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | — | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
