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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Xometry, Inc. (XMTR). 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 $192.4M, roughly 1.3× Xometry, Inc.). Xometry, Inc. runs the higher net margin — -4.5% vs -26.8%, a 22.3% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -6.0%). Xometry, Inc. produced more free cash flow last quarter ($-5.9M vs $-86.8M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
AHT vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $192.4M |
| Net Profit | $-69.3M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | -2.6% | -4.6% |
| Net Margin | -26.8% | -4.5% |
| Revenue YoY | -6.0% | 29.5% |
| Net Profit YoY | 44.2% | 12.7% |
| 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.
| Q4 25 | $259.0M | $192.4M | ||
| Q3 25 | $266.1M | $180.7M | ||
| Q2 25 | $302.0M | $162.5M | ||
| Q1 25 | $277.4M | $151.0M | ||
| Q4 24 | $275.5M | $148.5M | ||
| Q3 24 | $276.6M | $141.7M | ||
| Q2 24 | $316.5M | $132.6M | ||
| Q1 24 | $303.9M | $122.7M |
| Q4 25 | $-69.3M | $-8.6M | ||
| Q3 25 | $-60.1M | $-11.6M | ||
| Q2 25 | $-30.4M | $-26.4M | ||
| Q1 25 | $-20.0M | $-15.1M | ||
| Q4 24 | $-124.2M | $-9.9M | ||
| Q3 24 | $-57.9M | $-10.2M | ||
| Q2 24 | $50.3M | $-13.7M | ||
| Q1 24 | $71.6M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -2.6% | -4.6% | ||
| Q3 25 | 4.6% | -6.1% | ||
| Q2 25 | 16.3% | -6.3% | ||
| Q1 25 | 22.2% | -10.2% | ||
| Q4 24 | -17.8% | -7.8% | ||
| Q3 24 | 7.3% | -8.1% | ||
| Q2 24 | 42.8% | -11.5% | ||
| Q1 24 | 50.2% | -14.6% |
| Q4 25 | -26.8% | -4.5% | ||
| Q3 25 | -22.6% | -6.4% | ||
| Q2 25 | -10.1% | -16.3% | ||
| Q1 25 | -7.2% | -10.0% | ||
| Q4 24 | -45.1% | -6.7% | ||
| Q3 24 | -20.9% | -7.2% | ||
| Q2 24 | 15.9% | -10.3% | ||
| Q1 24 | 23.5% | -13.5% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | — | ||
| Q2 25 | $-6.88 | — | ||
| Q1 25 | $-4.91 | — | ||
| Q4 24 | $-13.64 | — | ||
| Q3 24 | $-12.39 | — | ||
| Q2 24 | $2.50 | — | ||
| Q1 24 | $5.99 | — |
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 | $219.1M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $275.6M |
| Total Assets | $2.8B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $219.1M | ||
| Q3 25 | $81.9M | $224.5M | ||
| Q2 25 | $100.0M | $225.8M | ||
| Q1 25 | $85.8M | $231.4M | ||
| Q4 24 | $112.9M | $239.8M | ||
| Q3 24 | $119.7M | $234.0M | ||
| Q2 24 | $121.8M | $240.9M | ||
| Q1 24 | $111.1M | $253.8M |
| 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 | $275.6M | ||
| Q3 25 | $-548.7M | $272.0M | ||
| Q2 25 | $-485.5M | $270.4M | ||
| Q1 25 | $-446.1M | $309.9M | ||
| Q4 24 | $-419.2M | $314.5M | ||
| Q3 24 | $-288.4M | $315.2M | ||
| Q2 24 | $-225.9M | $315.8M | ||
| Q1 24 | $-276.8M | $320.4M |
| Q4 25 | $2.8B | $703.7M | ||
| Q3 25 | $3.0B | $698.9M | ||
| Q2 25 | $3.1B | $687.0M | ||
| Q1 25 | $3.1B | $690.1M | ||
| Q4 24 | $3.2B | $680.1M | ||
| Q3 24 | $3.3B | $678.2M | ||
| Q2 24 | $3.3B | $678.6M | ||
| Q1 24 | $3.5B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $-86.8M | $-5.9M |
| FCF MarginFCF / Revenue | -33.5% | -3.0% |
| Capex IntensityCapex / Revenue | 27.5% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $4.4M | ||
| Q3 25 | $5.5M | $5.8M | ||
| Q2 25 | $16.3M | $-427.0K | ||
| Q1 25 | $-25.0M | $-3.7M | ||
| Q4 24 | $-23.6M | $9.1M | ||
| Q3 24 | $795.0K | $-3.6M | ||
| Q2 24 | $8.0M | $-9.1M | ||
| Q1 24 | $-46.5M | $-11.7M |
| Q4 25 | $-86.8M | $-5.9M | ||
| Q3 25 | $-226.0K | $-1.7M | ||
| Q2 25 | $-3.6M | $-7.4M | ||
| Q1 25 | $-44.8M | $-9.2M | ||
| Q4 24 | $-131.6M | $4.5M | ||
| Q3 24 | $-21.8M | $-8.4M | ||
| Q2 24 | $-22.9M | $-13.5M | ||
| Q1 24 | $-80.4M | $-16.1M |
| Q4 25 | -33.5% | -3.0% | ||
| Q3 25 | -0.1% | -0.9% | ||
| Q2 25 | -1.2% | -4.5% | ||
| Q1 25 | -16.2% | -6.1% | ||
| Q4 24 | -47.8% | 3.1% | ||
| Q3 24 | -7.9% | -6.0% | ||
| Q2 24 | -7.2% | -10.2% | ||
| Q1 24 | -26.5% | -13.1% |
| Q4 25 | 27.5% | 5.3% | ||
| Q3 25 | 2.1% | 4.1% | ||
| Q2 25 | 6.6% | 4.3% | ||
| Q1 25 | 7.2% | 3.6% | ||
| Q4 24 | 39.2% | 3.1% | ||
| Q3 24 | 8.2% | 3.4% | ||
| Q2 24 | 9.8% | 3.3% | ||
| Q1 24 | 11.2% | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
