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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $789.6M, roughly 1.7× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -7.3%, a 24.9% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 3.1%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
ATAT vs LINE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $1.4B |
| Net Profit | $139.1M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 22.5% | 2.5% |
| Net Margin | 17.6% | -7.3% |
| Revenue YoY | 252.5% | 3.1% |
| Net Profit YoY | 322.2% | 79.4% |
| EPS (diluted) | $0.33 | $-0.44 |
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.
| Q3 25 | $789.6M | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $224.0M | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $203.4M | $1.3B | ||
| Q1 23 | $106.8M | — |
| Q3 25 | $139.1M | $-100.0M | ||
| Q2 25 | — | $-6.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $-71.0M | ||
| Q3 24 | $33.0M | $-485.0M | ||
| Q2 24 | — | $-68.0M | ||
| Q1 24 | $35.6M | $-40.0M | ||
| Q1 23 | $2.5M | — |
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% | ||
| Q1 23 | — | — |
| Q3 25 | 22.5% | 2.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | 14.7% | -38.6% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | 22.1% | 7.6% | ||
| Q1 23 | 8.0% | — |
| Q3 25 | 17.6% | -7.3% | ||
| Q2 25 | — | -0.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 14.7% | -36.3% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | 17.5% | -3.0% | ||
| Q1 23 | 2.3% | — |
| Q3 25 | $0.33 | $-0.44 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $-0.52 | ||
| Q3 24 | $0.08 | $-2.44 | ||
| Q2 24 | — | $-0.46 | ||
| Q1 24 | $0.09 | $-0.28 | ||
| Q1 23 | — | — |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.0M | $8.4B |
| Total Assets | $1.1B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $669.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $173.0M | ||
| Q3 24 | $506.0M | $409.0M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | $520.7M | — | ||
| Q1 23 | $272.5M | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — | ||
| Q1 23 | — | — |
| Q3 25 | $405.0M | $8.4B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | $291.3M | $9.0B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | $323.5M | $5.6B | ||
| Q1 23 | $185.5M | — |
| Q3 25 | $1.1B | $19.2B | ||
| Q2 25 | — | $19.4B | ||
| Q1 25 | — | $18.8B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | $927.8M | $19.3B | ||
| Q2 24 | — | $18.8B | ||
| Q1 24 | $936.3M | — | ||
| Q1 23 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — | ||
| Q1 23 | — | — |
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 | $230.0M |
| Free Cash FlowOCF − Capex | $210.7M | $35.0M |
| FCF MarginFCF / Revenue | 26.7% | 2.5% |
| Capex IntensityCapex / Revenue | 0.8% | 14.2% |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $216.6M | $230.0M | ||
| Q2 25 | — | $258.0M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $84.8M | $186.0M | ||
| Q2 24 | — | $155.0M | ||
| Q1 24 | $19.8M | $105.0M | ||
| Q1 23 | $49.9M | — |
| Q3 25 | $210.7M | $35.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $83.3M | $33.0M | ||
| Q2 24 | — | $-31.0M | ||
| Q1 24 | $18.1M | $-42.0M | ||
| Q1 23 | $47.5M | — |
| Q3 25 | 26.7% | 2.5% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.2% | 2.5% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | 8.9% | -3.2% | ||
| Q1 23 | 44.5% | — |
| Q3 25 | 0.8% | 14.2% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.7% | 11.5% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | 0.9% | 11.1% | ||
| Q1 23 | 2.3% | — |
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.56× | — | ||
| Q1 23 | 20.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
