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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $259.0M, roughly 1.6× ASHFORD HOSPITALITY TRUST INC). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -26.8%, a 37.1% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs -6.0%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% 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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

AHT vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.6× larger
ZWS
$407.2M
$259.0M
AHT
Growing faster (revenue YoY)
ZWS
ZWS
+15.8% gap
ZWS
9.8%
-6.0%
AHT
Higher net margin
ZWS
ZWS
37.1% more per $
ZWS
10.3%
-26.8%
AHT
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
-7.7%
AHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHT
AHT
ZWS
ZWS
Revenue
$259.0M
$407.2M
Net Profit
$-69.3M
$42.1M
Gross Margin
44.4%
Operating Margin
-2.6%
14.8%
Net Margin
-26.8%
10.3%
Revenue YoY
-6.0%
9.8%
Net Profit YoY
44.2%
15.7%
EPS (diluted)
$-12.85
$0.24

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.

Revenue
AHT
AHT
ZWS
ZWS
Q4 25
$259.0M
$407.2M
Q3 25
$266.1M
$455.4M
Q2 25
$302.0M
$444.5M
Q1 25
$277.4M
$388.8M
Q4 24
$275.5M
$370.7M
Q3 24
$276.6M
$410.0M
Q2 24
$316.5M
$412.0M
Q1 24
$303.9M
$373.8M
Net Profit
AHT
AHT
ZWS
ZWS
Q4 25
$-69.3M
$42.1M
Q3 25
$-60.1M
$61.8M
Q2 25
$-30.4M
$50.5M
Q1 25
$-20.0M
$43.6M
Q4 24
$-124.2M
$36.4M
Q3 24
$-57.9M
$43.5M
Q2 24
$50.3M
$46.0M
Q1 24
$71.6M
$34.3M
Gross Margin
AHT
AHT
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
AHT
AHT
ZWS
ZWS
Q4 25
-2.6%
14.8%
Q3 25
4.6%
17.0%
Q2 25
16.3%
17.5%
Q1 25
22.2%
16.3%
Q4 24
-17.8%
13.3%
Q3 24
7.3%
17.1%
Q2 24
42.8%
17.5%
Q1 24
50.2%
14.2%
Net Margin
AHT
AHT
ZWS
ZWS
Q4 25
-26.8%
10.3%
Q3 25
-22.6%
13.6%
Q2 25
-10.1%
11.4%
Q1 25
-7.2%
11.2%
Q4 24
-45.1%
9.8%
Q3 24
-20.9%
10.6%
Q2 24
15.9%
11.2%
Q1 24
23.5%
9.2%
EPS (diluted)
AHT
AHT
ZWS
ZWS
Q4 25
$-12.85
$0.24
Q3 25
$-11.35
$0.36
Q2 25
$-6.88
$0.29
Q1 25
$-4.91
$0.26
Q4 24
$-13.64
$0.21
Q3 24
$-12.39
$0.25
Q2 24
$2.50
$0.27
Q1 24
$5.99
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHT
AHT
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$66.1M
$300.5M
Total DebtLower is stronger
$2.5B
$496.5M
Stockholders' EquityBook value
$-626.4M
$1.6B
Total Assets
$2.8B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHT
AHT
ZWS
ZWS
Q4 25
$66.1M
$300.5M
Q3 25
$81.9M
$260.1M
Q2 25
$100.0M
$201.9M
Q1 25
$85.8M
$144.7M
Q4 24
$112.9M
$198.0M
Q3 24
$119.7M
$187.9M
Q2 24
$121.8M
$162.7M
Q1 24
$111.1M
$157.1M
Total Debt
AHT
AHT
ZWS
ZWS
Q4 25
$2.5B
$496.5M
Q3 25
$2.6B
$496.4M
Q2 25
$2.6B
$495.9M
Q1 25
$2.7B
$495.8M
Q4 24
$2.6B
$495.6M
Q3 24
$2.7B
$495.6M
Q2 24
$2.8B
$495.5M
Q1 24
$2.9B
$495.4M
Stockholders' Equity
AHT
AHT
ZWS
ZWS
Q4 25
$-626.4M
$1.6B
Q3 25
$-548.7M
$1.6B
Q2 25
$-485.5M
$1.6B
Q1 25
$-446.1M
$1.5B
Q4 24
$-419.2M
$1.6B
Q3 24
$-288.4M
$1.6B
Q2 24
$-225.9M
$1.6B
Q1 24
$-276.8M
$1.6B
Total Assets
AHT
AHT
ZWS
ZWS
Q4 25
$2.8B
$2.7B
Q3 25
$3.0B
$2.7B
Q2 25
$3.1B
$2.7B
Q1 25
$3.1B
$2.6B
Q4 24
$3.2B
$2.6B
Q3 24
$3.3B
$2.7B
Q2 24
$3.3B
$2.7B
Q1 24
$3.5B
$2.7B
Debt / Equity
AHT
AHT
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AHT
AHT
ZWS
ZWS
Operating Cash FlowLast quarter
$-15.7M
$91.7M
Free Cash FlowOCF − Capex
$-86.8M
FCF MarginFCF / Revenue
-33.5%
Capex IntensityCapex / Revenue
27.5%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$-135.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHT
AHT
ZWS
ZWS
Q4 25
$-15.7M
$91.7M
Q3 25
$5.5M
$101.3M
Q2 25
$16.3M
$110.6M
Q1 25
$-25.0M
$42.9M
Q4 24
$-23.6M
$63.6M
Q3 24
$795.0K
$90.9M
Q2 24
$8.0M
$85.1M
Q1 24
$-46.5M
$53.9M
Free Cash Flow
AHT
AHT
ZWS
ZWS
Q4 25
$-86.8M
Q3 25
$-226.0K
Q2 25
$-3.6M
Q1 25
$-44.8M
Q4 24
$-131.6M
Q3 24
$-21.8M
Q2 24
$-22.9M
Q1 24
$-80.4M
FCF Margin
AHT
AHT
ZWS
ZWS
Q4 25
-33.5%
Q3 25
-0.1%
Q2 25
-1.2%
Q1 25
-16.2%
Q4 24
-47.8%
Q3 24
-7.9%
Q2 24
-7.2%
Q1 24
-26.5%
Capex Intensity
AHT
AHT
ZWS
ZWS
Q4 25
27.5%
Q3 25
2.1%
Q2 25
6.6%
Q1 25
7.2%
Q4 24
39.2%
Q3 24
8.2%
Q2 24
9.8%
Q1 24
11.2%
Cash Conversion
AHT
AHT
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
0.16×
1.85×
Q1 24
-0.65×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHT
AHT

Occupancy$190.2M73%
Food And Beverage$51.8M20%
Hotel Other$16.6M6%

ZWS
ZWS

Segment breakdown not available.

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