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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $259.0M, roughly 1.9× ASHFORD HOSPITALITY TRUST INC). OLYMPIC STEEL INC runs the higher net margin — 0.4% vs -26.8%, a 27.2% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -6.0%). OLYMPIC STEEL INC produced more free cash flow last quarter ($-12.9M vs $-86.8M). Over the past eight quarters, OLYMPIC STEEL INC's revenue compounded faster (0.1% 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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
AHT vs ZEUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $490.7M |
| Net Profit | $-69.3M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | 1.5% |
| Net Margin | -26.8% | 0.4% |
| Revenue YoY | -6.0% | 4.4% |
| Net Profit YoY | 44.2% | -21.2% |
| EPS (diluted) | $-12.85 | $0.18 |
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 | — | ||
| Q3 25 | $266.1M | $490.7M | ||
| Q2 25 | $302.0M | $496.5M | ||
| Q1 25 | $277.4M | $492.9M | ||
| Q4 24 | $275.5M | $418.8M | ||
| Q3 24 | $276.6M | $470.0M | ||
| Q2 24 | $316.5M | $526.3M | ||
| Q1 24 | $303.9M | $526.6M |
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $2.2M | ||
| Q2 25 | $-30.4M | $5.2M | ||
| Q1 25 | $-20.0M | $2.5M | ||
| Q4 24 | $-124.2M | $3.9M | ||
| Q3 24 | $-57.9M | $2.7M | ||
| Q2 24 | $50.3M | $7.7M | ||
| Q1 24 | $71.6M | $8.7M |
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | 1.5% | ||
| Q2 25 | 16.3% | 2.3% | ||
| Q1 25 | 22.2% | 1.6% | ||
| Q4 24 | -17.8% | 2.1% | ||
| Q3 24 | 7.3% | 1.7% | ||
| Q2 24 | 42.8% | 2.9% | ||
| Q1 24 | 50.2% | 3.0% |
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | 0.4% | ||
| Q2 25 | -10.1% | 1.1% | ||
| Q1 25 | -7.2% | 0.5% | ||
| Q4 24 | -45.1% | 0.9% | ||
| Q3 24 | -20.9% | 0.6% | ||
| Q2 24 | 15.9% | 1.5% | ||
| Q1 24 | 23.5% | 1.7% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | $0.18 | ||
| Q2 25 | $-6.88 | $0.45 | ||
| Q1 25 | $-4.91 | $0.21 | ||
| Q4 24 | $-13.64 | $0.33 | ||
| Q3 24 | $-12.39 | $0.23 | ||
| Q2 24 | $2.50 | $0.66 | ||
| Q1 24 | $5.99 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | $2.5B | $240.9M |
| Stockholders' EquityBook value | $-626.4M | $579.1M |
| Total Assets | $2.8B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | $7.5M | ||
| Q2 25 | $100.0M | $14.8M | ||
| Q1 25 | $85.8M | $13.3M | ||
| Q4 24 | $112.9M | $11.9M | ||
| Q3 24 | $119.7M | $11.1M | ||
| Q2 24 | $121.8M | $9.4M | ||
| Q1 24 | $111.1M | $10.3M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $240.9M | ||
| Q2 25 | $2.6B | $233.2M | ||
| Q1 25 | $2.7B | $235.4M | ||
| Q4 24 | $2.6B | $272.5M | ||
| Q3 24 | $2.7B | $197.3M | ||
| Q2 24 | $2.8B | $209.2M | ||
| Q1 24 | $2.9B | $196.8M |
| Q4 25 | $-626.4M | — | ||
| Q3 25 | $-548.7M | $579.1M | ||
| Q2 25 | $-485.5M | $578.2M | ||
| Q1 25 | $-446.1M | $574.2M | ||
| Q4 24 | $-419.2M | $573.9M | ||
| Q3 24 | $-288.4M | $570.6M | ||
| Q2 24 | $-225.9M | $569.5M | ||
| Q1 24 | $-276.8M | $563.0M |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.0B | $1.1B | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.3B | $1.0B | ||
| Q2 24 | $3.3B | $1.0B | ||
| Q1 24 | $3.5B | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $-86.8M | $-12.9M |
| FCF MarginFCF / Revenue | -33.5% | -2.6% |
| Capex IntensityCapex / Revenue | 27.5% | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | $-5.4M | ||
| Q2 25 | $16.3M | $15.5M | ||
| Q1 25 | $-25.0M | $49.4M | ||
| Q4 24 | $-23.6M | $14.6M | ||
| Q3 24 | $795.0K | $24.6M | ||
| Q2 24 | $8.0M | $-2.9M | ||
| Q1 24 | $-46.5M | $-2.6M |
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | $-12.9M | ||
| Q2 25 | $-3.6M | $6.8M | ||
| Q1 25 | $-44.8M | $40.6M | ||
| Q4 24 | $-131.6M | $7.4M | ||
| Q3 24 | $-21.8M | $15.6M | ||
| Q2 24 | $-22.9M | $-11.3M | ||
| Q1 24 | $-80.4M | $-7.4M |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | -2.6% | ||
| Q2 25 | -1.2% | 1.4% | ||
| Q1 25 | -16.2% | 8.2% | ||
| Q4 24 | -47.8% | 1.8% | ||
| Q3 24 | -7.9% | 3.3% | ||
| Q2 24 | -7.2% | -2.2% | ||
| Q1 24 | -26.5% | -1.4% |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | 1.5% | ||
| Q2 25 | 6.6% | 1.7% | ||
| Q1 25 | 7.2% | 1.8% | ||
| Q4 24 | 39.2% | 1.7% | ||
| Q3 24 | 8.2% | 1.9% | ||
| Q2 24 | 9.8% | 1.6% | ||
| Q1 24 | 11.2% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.50× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | — | 3.75× | ||
| Q3 24 | — | 9.01× | ||
| Q2 24 | 0.16× | -0.38× | ||
| Q1 24 | -0.65× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
