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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Liberty Global Ltd. (LBTYA). Click either name above to swap in a different company.

Liberty Global Ltd. is the larger business by last-quarter revenue ($2.4B vs $789.6M, roughly 3.0× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 15.0%, a 2.6% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -3.6%).

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.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

ATAT vs LBTYA — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
3.0× larger
LBTYA
$2.4B
$789.6M
ATAT
Growing faster (revenue YoY)
ATAT
ATAT
+256.2% gap
ATAT
252.5%
-3.6%
LBTYA
Higher net margin
ATAT
ATAT
2.6% more per $
ATAT
17.6%
15.0%
LBTYA

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ATAT
ATAT
LBTYA
LBTYA
Revenue
$789.6M
$2.4B
Net Profit
$139.1M
$358.2M
Gross Margin
Operating Margin
22.5%
1.0%
Net Margin
17.6%
15.0%
Revenue YoY
252.5%
-3.6%
Net Profit YoY
322.2%
127.1%
EPS (diluted)
$0.33

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
ATAT
ATAT
LBTYA
LBTYA
Q1 26
$2.4B
Q4 25
$1.2B
Q3 25
$789.6M
$1.2B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$-1.4B
Q3 24
$224.0M
$1.9B
Q2 24
$1.9B
Net Profit
ATAT
ATAT
LBTYA
LBTYA
Q1 26
$358.2M
Q4 25
$-2.9B
Q3 25
$139.1M
$-90.7M
Q2 25
$-2.8B
Q1 25
$-1.3B
Q4 24
$2.2B
Q3 24
$33.0M
$-1.4B
Q2 24
$268.1M
Gross Margin
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
66.8%
Q3 25
67.5%
Q2 25
63.3%
Q1 25
65.6%
Q4 24
Q3 24
69.4%
Q2 24
68.5%
Operating Margin
ATAT
ATAT
LBTYA
LBTYA
Q1 26
1.0%
Q4 25
-8.6%
Q3 25
22.5%
-0.7%
Q2 25
2.3%
Q1 25
5.2%
Q4 24
Q3 24
14.7%
5.2%
Q2 24
1.0%
Net Margin
ATAT
ATAT
LBTYA
LBTYA
Q1 26
15.0%
Q4 25
-237.0%
Q3 25
17.6%
-7.5%
Q2 25
-220.1%
Q1 25
-114.2%
Q4 24
-158.9%
Q3 24
14.7%
-74.1%
Q2 24
14.3%
EPS (diluted)
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
$-8.66
Q3 25
$0.33
$-0.27
Q2 25
$-8.09
Q1 25
$-3.84
Q4 24
$6.15
Q3 24
$0.08
$-3.95
Q2 24
$0.71

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
LBTYA
LBTYA
Cash + ST InvestmentsLiquidity on hand
$669.2M
$-387.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
Total Assets
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
LBTYA
LBTYA
Q1 26
$-387.3M
Q4 25
$2.2B
Q3 25
$669.2M
$1.7B
Q2 25
$3.1B
Q1 25
$2.0B
Q4 24
$2.2B
Q3 24
$506.0M
$3.3B
Q2 24
$3.2B
Total Debt
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$7.8B
Q1 25
$8.2B
Q4 24
$8.2B
Q3 24
$14.9B
Q2 24
$14.7B
Stockholders' Equity
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
$9.7B
Q3 25
$405.0M
$12.7B
Q2 25
$13.0B
Q1 25
$12.6B
Q4 24
$12.4B
Q3 24
$291.3M
$18.7B
Q2 24
$18.3B
Total Assets
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
$22.6B
Q3 25
$1.1B
$25.4B
Q2 25
$27.2B
Q1 25
$26.0B
Q4 24
$25.4B
Q3 24
$927.8M
$41.8B
Q2 24
$40.8B
Debt / Equity
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
0.80×
Q3 25
0.61×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.66×
Q3 24
0.80×
Q2 24
0.80×

Cash Flow & Capital Efficiency

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

Metric
ATAT
ATAT
LBTYA
LBTYA
Operating Cash FlowLast quarter
$216.6M
$107.6M
Free Cash FlowOCF − Capex
$210.7M
FCF MarginFCF / Revenue
26.7%
Capex IntensityCapex / Revenue
0.8%
1.5%
Cash ConversionOCF / Net Profit
1.56×
0.30×
TTM Free Cash FlowTrailing 4 quarters
$359.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
LBTYA
LBTYA
Q1 26
$107.6M
Q4 25
$630.9M
Q3 25
$216.6M
$301.8M
Q2 25
$149.2M
Q1 25
$129.2M
Q4 24
$791.6M
Q3 24
$84.8M
$449.5M
Q2 24
$546.1M
Free Cash Flow
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
$193.3M
Q3 25
$210.7M
$-41.1M
Q2 25
$-170.1M
Q1 25
$-114.1M
Q4 24
$712.9M
Q3 24
$83.3M
$102.4M
Q2 24
$256.8M
FCF Margin
ATAT
ATAT
LBTYA
LBTYA
Q1 26
Q4 25
15.7%
Q3 25
26.7%
-3.4%
Q2 25
-13.4%
Q1 25
-9.7%
Q4 24
-50.5%
Q3 24
37.2%
5.3%
Q2 24
13.7%
Capex Intensity
ATAT
ATAT
LBTYA
LBTYA
Q1 26
1.5%
Q4 25
35.5%
Q3 25
0.8%
28.4%
Q2 25
25.2%
Q1 25
20.8%
Q4 24
-5.6%
Q3 24
0.7%
17.9%
Q2 24
15.4%
Cash Conversion
ATAT
ATAT
LBTYA
LBTYA
Q1 26
0.30×
Q4 25
Q3 25
1.56×
Q2 25
Q1 25
Q4 24
0.35×
Q3 24
2.57×
Q2 24
2.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATAT
ATAT

Segment breakdown not available.

LBTYA
LBTYA

Mobile Service$775.2M32%
Fixed Service$772.0M32%
Business$308.7M13%
Wholesale$256.9M11%
Business Service$233.2M10%

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