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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $789.6M, roughly 2.3× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -1.1%, a 18.7% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 11.7%). Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $210.7M).
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
ATAT vs H — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $1.8B |
| Net Profit | $139.1M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | 0.4% |
| Net Margin | 17.6% | -1.1% |
| Revenue YoY | 252.5% | 11.7% |
| Net Profit YoY | 322.2% | 64.3% |
| EPS (diluted) | $0.33 | $-0.20 |
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 | — | $1.8B | ||
| Q3 25 | $789.6M | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $224.0M | $1.6B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $203.4M | $1.7B |
| Q4 25 | — | $-20.0M | ||
| Q3 25 | $139.1M | $-49.0M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | $20.0M | ||
| Q4 24 | — | $-56.0M | ||
| Q3 24 | $33.0M | $471.0M | ||
| Q2 24 | — | $359.0M | ||
| Q1 24 | $35.6M | $522.0M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 22.5% | -1.0% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 14.7% | 37.3% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | 22.1% | 31.6% |
| Q4 25 | — | -1.1% | ||
| Q3 25 | 17.6% | -2.7% | ||
| Q2 25 | — | -0.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | 14.7% | 28.9% | ||
| Q2 24 | — | 21.1% | ||
| Q1 24 | 17.5% | 30.5% |
| Q4 25 | — | $-0.20 | ||
| Q3 25 | $0.33 | $-0.51 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $-0.37 | ||
| Q3 24 | $0.08 | $4.63 | ||
| Q2 24 | — | $3.46 | ||
| Q1 24 | $0.09 | $4.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $669.2M | $813.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.0M | $3.3B |
| Total Assets | $1.1B | $14.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $813.0M | ||
| Q3 25 | $669.2M | $749.0M | ||
| Q2 25 | — | $912.0M | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $506.0M | $1.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | $520.7M | $794.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | $277.0K | $3.1B |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $405.0M | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | $291.3M | $3.7B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | $323.5M | $3.7B |
| Q4 25 | — | $14.0B | ||
| Q3 25 | $1.1B | $15.7B | ||
| Q2 25 | — | $15.9B | ||
| Q1 25 | — | $14.0B | ||
| Q4 24 | — | $13.3B | ||
| Q3 24 | $927.8M | $11.9B | ||
| Q2 24 | — | $12.8B | ||
| Q1 24 | $936.3M | $11.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | 0.00× | 0.84× |
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 | $216.6M | $313.0M |
| Free Cash FlowOCF − Capex | $210.7M | $236.0M |
| FCF MarginFCF / Revenue | 26.7% | 13.2% |
| Capex IntensityCapex / Revenue | 0.8% | 4.3% |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $313.0M | ||
| Q3 25 | $216.6M | $-20.0M | ||
| Q2 25 | — | $-67.0M | ||
| Q1 25 | — | $153.0M | ||
| Q4 24 | — | $235.0M | ||
| Q3 24 | $84.8M | $-21.0M | ||
| Q2 24 | — | $177.0M | ||
| Q1 24 | $19.8M | $242.0M |
| Q4 25 | — | $236.0M | ||
| Q3 25 | $210.7M | $-89.0M | ||
| Q2 25 | — | $-111.0M | ||
| Q1 25 | — | $123.0M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | $83.3M | $-64.0M | ||
| Q2 24 | — | $135.0M | ||
| Q1 24 | $18.1M | $208.0M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | 26.7% | -5.0% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | 37.2% | -3.9% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | 8.9% | 12.1% |
| Q4 25 | — | 4.3% | ||
| Q3 25 | 0.8% | 3.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 0.7% | 2.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | 0.9% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.57× | -0.04× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | 0.56× | 0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
