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

Realty Income is the larger business by last-quarter revenue ($1.5B vs $789.6M, roughly 1.9× Atour Lifestyle Holdings Ltd). Realty Income runs the higher net margin — 19.9% vs 17.6%, a 2.3% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 11.0%). Realty Income produced more free cash flow last quarter ($1.2B 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.

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

ATAT vs O — Head-to-Head

Bigger by revenue
O
O
1.9× larger
O
$1.5B
$789.6M
ATAT
Growing faster (revenue YoY)
ATAT
ATAT
+241.5% gap
ATAT
252.5%
11.0%
O
Higher net margin
O
O
2.3% more per $
O
19.9%
17.6%
ATAT
More free cash flow
O
O
$943.3M more FCF
O
$1.2B
$210.7M
ATAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ATAT
ATAT
O
O
Revenue
$789.6M
$1.5B
Net Profit
$139.1M
$296.1M
Gross Margin
Operating Margin
22.5%
21.7%
Net Margin
17.6%
19.9%
Revenue YoY
252.5%
11.0%
Net Profit YoY
322.2%
48.3%
EPS (diluted)
$0.33
$0.32

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
O
O
Q4 25
$1.5B
Q3 25
$789.6M
$1.5B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.3B
Q3 24
$224.0M
$1.3B
Q2 24
$1.3B
Q1 24
$203.4M
$1.3B
Net Profit
ATAT
ATAT
O
O
Q4 25
$296.1M
Q3 25
$139.1M
$315.8M
Q2 25
$196.9M
Q1 25
$249.8M
Q4 24
$199.6M
Q3 24
$33.0M
$269.5M
Q2 24
$259.4M
Q1 24
$35.6M
$132.3M
Operating Margin
ATAT
ATAT
O
O
Q4 25
21.7%
Q3 25
22.5%
23.2%
Q2 25
15.8%
Q1 25
19.3%
Q4 24
16.5%
Q3 24
14.7%
21.5%
Q2 24
20.7%
Q1 24
22.1%
11.9%
Net Margin
ATAT
ATAT
O
O
Q4 25
19.9%
Q3 25
17.6%
21.5%
Q2 25
14.0%
Q1 25
18.1%
Q4 24
14.9%
Q3 24
14.7%
20.2%
Q2 24
19.4%
Q1 24
17.5%
10.5%
EPS (diluted)
ATAT
ATAT
O
O
Q4 25
$0.32
Q3 25
$0.33
$0.35
Q2 25
$0.22
Q1 25
$0.28
Q4 24
$0.23
Q3 24
$0.08
$0.30
Q2 24
$0.29
Q1 24
$0.09
$0.16

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
O
O
Cash + ST InvestmentsLiquidity on hand
$669.2M
$434.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
$39.4B
Total Assets
$1.1B
$72.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
O
O
Q4 25
$434.8M
Q3 25
$669.2M
$417.2M
Q2 25
$800.4M
Q1 25
$319.0M
Q4 24
$445.0M
Q3 24
$506.0M
$397.0M
Q2 24
$442.8M
Q1 24
$520.7M
$680.2M
Total Debt
ATAT
ATAT
O
O
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$277.0K
Stockholders' Equity
ATAT
ATAT
O
O
Q4 25
$39.4B
Q3 25
$405.0M
$39.1B
Q2 25
$39.2B
Q1 25
$39.0B
Q4 24
$38.8B
Q3 24
$291.3M
$38.5B
Q2 24
$38.6B
Q1 24
$323.5M
$39.0B
Total Assets
ATAT
ATAT
O
O
Q4 25
$72.8B
Q3 25
$1.1B
$71.3B
Q2 25
$71.4B
Q1 25
$69.8B
Q4 24
$68.8B
Q3 24
$927.8M
$68.5B
Q2 24
$68.1B
Q1 24
$936.3M
$68.3B
Debt / Equity
ATAT
ATAT
O
O
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
ATAT
ATAT
O
O
Operating Cash FlowLast quarter
$216.6M
$1.2B
Free Cash FlowOCF − Capex
$210.7M
$1.2B
FCF MarginFCF / Revenue
26.7%
77.6%
Capex IntensityCapex / Revenue
0.8%
3.3%
Cash ConversionOCF / Net Profit
1.56×
4.06×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$3.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
O
O
Q4 25
$1.2B
Q3 25
$216.6M
$943.1M
Q2 25
$1.1B
Q1 25
$787.5M
Q4 24
$972.0M
Q3 24
$84.8M
$841.5M
Q2 24
$981.2M
Q1 24
$19.8M
$778.7M
Free Cash Flow
ATAT
ATAT
O
O
Q4 25
$1.2B
Q3 25
$210.7M
$909.9M
Q2 25
$1.0B
Q1 25
$764.6M
Q4 24
$935.8M
Q3 24
$83.3M
$807.9M
Q2 24
$939.2M
Q1 24
$18.1M
$769.0M
FCF Margin
ATAT
ATAT
O
O
Q4 25
77.6%
Q3 25
26.7%
61.9%
Q2 25
73.3%
Q1 25
55.4%
Q4 24
69.8%
Q3 24
37.2%
60.7%
Q2 24
70.1%
Q1 24
8.9%
61.0%
Capex Intensity
ATAT
ATAT
O
O
Q4 25
3.3%
Q3 25
0.8%
2.3%
Q2 25
1.9%
Q1 25
1.7%
Q4 24
2.7%
Q3 24
0.7%
2.5%
Q2 24
3.1%
Q1 24
0.9%
0.8%
Cash Conversion
ATAT
ATAT
O
O
Q4 25
4.06×
Q3 25
1.56×
2.99×
Q2 25
5.39×
Q1 25
3.15×
Q4 24
4.87×
Q3 24
2.57×
3.12×
Q2 24
3.78×
Q1 24
0.56×
5.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATAT
ATAT

Segment breakdown not available.

O
O

Product And Service Retail$900.8M61%
Other$531.5M36%

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