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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $624.4M, roughly 1.3× Howard Hughes Holdings Inc.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 1.0%, a 16.7% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M 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.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
ATAT vs HHH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $624.4M |
| Net Profit | $139.1M | $6.0M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | 4.2% |
| Net Margin | 17.6% | 1.0% |
| Revenue YoY | 252.5% | -33.2% |
| Net Profit YoY | 322.2% | -96.2% |
| 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 | — | $624.4M | ||
| Q3 25 | $789.6M | $390.2M | ||
| Q2 25 | — | $260.9M | ||
| Q1 25 | — | $199.3M | ||
| Q4 24 | — | $935.0M | ||
| Q3 24 | $224.0M | $327.1M | ||
| Q2 24 | — | $317.4M | ||
| Q1 24 | $203.4M | $171.1M |
| Q4 25 | — | $6.0M | ||
| Q3 25 | $139.1M | $119.5M | ||
| Q2 25 | — | $-12.1M | ||
| Q1 25 | — | $10.5M | ||
| Q4 24 | — | $156.3M | ||
| Q3 24 | $33.0M | $72.8M | ||
| Q2 24 | — | $21.1M | ||
| Q1 24 | $35.6M | $-52.5M |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 22.5% | 48.6% | ||
| Q2 25 | — | 26.0% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 33.5% | ||
| Q3 24 | 14.7% | 60.6% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | 22.1% | -9.8% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 17.6% | 30.6% | ||
| Q2 25 | — | -4.7% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | 14.7% | 22.2% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | 17.5% | -30.7% |
| Q4 25 | — | $0.20 | ||
| Q3 25 | $0.33 | $2.02 | ||
| Q2 25 | — | $-0.22 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $3.14 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | $0.09 | $-1.06 |
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 | $1.5B |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | $405.0M | $3.8B |
| Total Assets | $1.1B | $10.6B |
| Debt / EquityLower = less leverage | — | 1.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | $669.2M | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $493.7M | ||
| Q4 24 | — | $596.1M | ||
| Q3 24 | $506.0M | $400.7M | ||
| Q2 24 | — | $436.8M | ||
| Q1 24 | $520.7M | $462.7M |
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — |
| Q4 25 | — | $3.8B | ||
| Q3 25 | $405.0M | $3.8B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $291.3M | $2.6B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | $323.5M | $2.9B |
| Q4 25 | — | $10.6B | ||
| Q3 25 | $1.1B | $10.7B | ||
| Q2 25 | — | $10.3B | ||
| Q1 25 | — | $9.3B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | $927.8M | $9.4B | ||
| Q2 24 | — | $9.9B | ||
| Q1 24 | $936.3M | $9.6B |
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
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 | $360.3M |
| Free Cash FlowOCF − Capex | $210.7M | $348.6M |
| FCF MarginFCF / Revenue | 26.7% | 55.8% |
| Capex IntensityCapex / Revenue | 0.8% | 1.9% |
| Cash ConversionOCF / Net Profit | 1.56× | 60.04× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $417.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $360.3M | ||
| Q3 25 | $216.6M | $149.8M | ||
| Q2 25 | — | $177.3M | ||
| Q1 25 | — | $-224.9M | ||
| Q4 24 | — | $337.1M | ||
| Q3 24 | $84.8M | $248.3M | ||
| Q2 24 | — | $-17.5M | ||
| Q1 24 | $19.8M | $-171.2M |
| Q4 25 | — | $348.6M | ||
| Q3 25 | $210.7M | $137.7M | ||
| Q2 25 | — | $169.7M | ||
| Q1 25 | — | $-238.4M | ||
| Q4 24 | — | $317.1M | ||
| Q3 24 | $83.3M | $238.7M | ||
| Q2 24 | — | $-25.1M | ||
| Q1 24 | $18.1M | $-182.0M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | 26.7% | 35.3% | ||
| Q2 25 | — | 65.1% | ||
| Q1 25 | — | -119.6% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | 37.2% | 73.0% | ||
| Q2 24 | — | -7.9% | ||
| Q1 24 | 8.9% | -106.4% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 0.8% | 3.1% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 0.7% | 2.9% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 0.9% | 6.3% |
| Q4 25 | — | 60.04× | ||
| Q3 25 | 1.56× | 1.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.35× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 2.57× | 3.41× | ||
| Q2 24 | — | -0.83× | ||
| Q1 24 | 0.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
