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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and YELP INC (YELP). Click either name above to swap in a different company.
YELP INC is the larger business by last-quarter revenue ($360.0M vs $259.0M, roughly 1.4× ASHFORD HOSPITALITY TRUST INC). YELP INC runs the higher net margin — 10.5% vs -26.8%, a 37.3% gap on every dollar of revenue. On growth, YELP INC posted the faster year-over-year revenue change (-0.5% vs -6.0%). YELP INC produced more free cash flow last quarter ($72.3M vs $-86.8M). Over the past eight quarters, YELP INC's revenue compounded faster (4.0% 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.
Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publishes crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San Francisco.
AHT vs YELP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $360.0M |
| Net Profit | $-69.3M | $37.8M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 13.6% |
| Net Margin | -26.8% | 10.5% |
| Revenue YoY | -6.0% | -0.5% |
| Net Profit YoY | 44.2% | -10.5% |
| EPS (diluted) | $-12.85 | $0.60 |
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 | $360.0M | ||
| Q3 25 | $266.1M | $376.0M | ||
| Q2 25 | $302.0M | $370.4M | ||
| Q1 25 | $277.4M | $358.5M | ||
| Q4 24 | $275.5M | $362.0M | ||
| Q3 24 | $276.6M | $360.3M | ||
| Q2 24 | $316.5M | $357.0M | ||
| Q1 24 | $303.9M | $332.8M |
| Q4 25 | $-69.3M | $37.8M | ||
| Q3 25 | $-60.1M | $39.3M | ||
| Q2 25 | $-30.4M | $44.1M | ||
| Q1 25 | $-20.0M | $24.4M | ||
| Q4 24 | $-124.2M | $42.2M | ||
| Q3 24 | $-57.9M | $38.4M | ||
| Q2 24 | $50.3M | $38.0M | ||
| Q1 24 | $71.6M | $14.2M |
| Q4 25 | -2.6% | 13.6% | ||
| Q3 25 | 4.6% | 14.1% | ||
| Q2 25 | 16.3% | 14.4% | ||
| Q1 25 | 22.2% | 8.2% | ||
| Q4 24 | -17.8% | 14.8% | ||
| Q3 24 | 7.3% | 12.9% | ||
| Q2 24 | 42.8% | 11.1% | ||
| Q1 24 | 50.2% | 3.4% |
| Q4 25 | -26.8% | 10.5% | ||
| Q3 25 | -22.6% | 10.5% | ||
| Q2 25 | -10.1% | 11.9% | ||
| Q1 25 | -7.2% | 6.8% | ||
| Q4 24 | -45.1% | 11.7% | ||
| Q3 24 | -20.9% | 10.7% | ||
| Q2 24 | 15.9% | 10.7% | ||
| Q1 24 | 23.5% | 4.3% |
| Q4 25 | $-12.85 | $0.60 | ||
| Q3 25 | $-11.35 | $0.61 | ||
| Q2 25 | $-6.88 | $0.67 | ||
| Q1 25 | $-4.91 | $0.36 | ||
| Q4 24 | $-13.64 | $0.58 | ||
| Q3 24 | $-12.39 | $0.56 | ||
| Q2 24 | $2.50 | $0.54 | ||
| Q1 24 | $5.99 | $0.20 |
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 | $319.4M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $710.9M |
| Total Assets | $2.8B | $958.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $319.4M | ||
| Q3 25 | $81.9M | $333.6M | ||
| Q2 25 | $100.0M | $301.1M | ||
| Q1 25 | $85.8M | $324.4M | ||
| Q4 24 | $112.9M | $317.9M | ||
| Q3 24 | $119.7M | $397.0M | ||
| Q2 24 | $121.8M | $384.8M | ||
| Q1 24 | $111.1M | $420.8M |
| 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 | $710.9M | ||
| Q3 25 | $-548.7M | $733.2M | ||
| Q2 25 | $-485.5M | $746.4M | ||
| Q1 25 | $-446.1M | $728.0M | ||
| Q4 24 | $-419.2M | $744.0M | ||
| Q3 24 | $-288.4M | $739.5M | ||
| Q2 24 | $-225.9M | $735.3M | ||
| Q1 24 | $-276.8M | $722.0M |
| Q4 25 | $2.8B | $958.5M | ||
| Q3 25 | $3.0B | $989.9M | ||
| Q2 25 | $3.1B | $980.2M | ||
| Q1 25 | $3.1B | $985.2M | ||
| Q4 24 | $3.2B | $983.6M | ||
| Q3 24 | $3.3B | $980.2M | ||
| Q2 24 | $3.3B | $965.0M | ||
| Q1 24 | $3.5B | $993.5M |
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 | $84.5M |
| Free Cash FlowOCF − Capex | $-86.8M | $72.3M |
| FCF MarginFCF / Revenue | -33.5% | 20.1% |
| Capex IntensityCapex / Revenue | 27.5% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 2.24× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $323.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $84.5M | ||
| Q3 25 | $5.5M | $131.5M | ||
| Q2 25 | $16.3M | $58.0M | ||
| Q1 25 | $-25.0M | $98.0M | ||
| Q4 24 | $-23.6M | $71.0M | ||
| Q3 24 | $795.0K | $102.3M | ||
| Q2 24 | $8.0M | $39.7M | ||
| Q1 24 | $-46.5M | $72.9M |
| Q4 25 | $-86.8M | $72.3M | ||
| Q3 25 | $-226.0K | $118.9M | ||
| Q2 25 | $-3.6M | $45.0M | ||
| Q1 25 | $-44.8M | $87.5M | ||
| Q4 24 | $-131.6M | $60.0M | ||
| Q3 24 | $-21.8M | $92.5M | ||
| Q2 24 | $-22.9M | $30.1M | ||
| Q1 24 | $-80.4M | $65.9M |
| Q4 25 | -33.5% | 20.1% | ||
| Q3 25 | -0.1% | 31.6% | ||
| Q2 25 | -1.2% | 12.2% | ||
| Q1 25 | -16.2% | 24.4% | ||
| Q4 24 | -47.8% | 16.6% | ||
| Q3 24 | -7.9% | 25.7% | ||
| Q2 24 | -7.2% | 8.4% | ||
| Q1 24 | -26.5% | 19.8% |
| Q4 25 | 27.5% | 3.4% | ||
| Q3 25 | 2.1% | 3.3% | ||
| Q2 25 | 6.6% | 3.5% | ||
| Q1 25 | 7.2% | 2.9% | ||
| Q4 24 | 39.2% | 3.0% | ||
| Q3 24 | 8.2% | 2.7% | ||
| Q2 24 | 9.8% | 2.7% | ||
| Q1 24 | 11.2% | 2.1% |
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 4.02× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.66× | ||
| Q2 24 | 0.16× | 1.04× | ||
| Q1 24 | -0.65× | 5.15× |
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% |
YELP
| Advertising Services | $231.4M | 64% |
| Advertising Restaurants And Other | $106.8M | 30% |
| Other Revenue | $21.8M | 6% |
