vs

Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

PACS Group, 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 4.4%, a 13.2% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 18.4%).

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.

ATAT vs PACS — Head-to-Head

Bigger by revenue
PACS
PACS
1.7× larger
PACS
$1.4B
$789.6M
ATAT
Growing faster (revenue YoY)
ATAT
ATAT
+234.1% gap
ATAT
252.5%
18.4%
PACS
Higher net margin
ATAT
ATAT
13.2% more per $
ATAT
17.6%
4.4%
PACS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ATAT
ATAT
PACS
PACS
Revenue
$789.6M
$1.4B
Net Profit
$139.1M
$59.7M
Gross Margin
Operating Margin
22.5%
7.0%
Net Margin
17.6%
4.4%
Revenue YoY
252.5%
18.4%
Net Profit YoY
322.2%
3022.5%
EPS (diluted)
$0.33
$0.42

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
PACS
PACS
Q4 25
$1.4B
Q3 25
$789.6M
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$224.0M
$1.0B
Q2 24
$981.4M
Q1 24
$203.4M
$934.3M
Net Profit
ATAT
ATAT
PACS
PACS
Q4 25
$59.7M
Q3 25
$139.1M
$52.4M
Q2 25
$51.0M
Q1 25
$28.5M
Q4 24
$1.9M
Q3 24
$33.0M
$15.6M
Q2 24
$-10.9M
Q1 24
$35.6M
$49.1M
Gross Margin
ATAT
ATAT
PACS
PACS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Q1 24
21.2%
Operating Margin
ATAT
ATAT
PACS
PACS
Q4 25
7.0%
Q3 25
22.5%
6.4%
Q2 25
6.2%
Q1 25
3.8%
Q4 24
1.7%
Q3 24
14.7%
2.2%
Q2 24
0.1%
Q1 24
22.1%
8.6%
Net Margin
ATAT
ATAT
PACS
PACS
Q4 25
4.4%
Q3 25
17.6%
3.9%
Q2 25
3.9%
Q1 25
2.2%
Q4 24
0.2%
Q3 24
14.7%
1.5%
Q2 24
-1.1%
Q1 24
17.5%
5.3%
EPS (diluted)
ATAT
ATAT
PACS
PACS
Q4 25
$0.42
Q3 25
$0.33
$0.32
Q2 25
$0.31
Q1 25
$0.17
Q4 24
$-0.03
Q3 24
$0.08
$0.10
Q2 24
$-0.07
Q1 24
$0.09
$0.38

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$669.2M
$197.0M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$405.0M
$946.8M
Total Assets
$1.1B
$5.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
PACS
PACS
Q4 25
$197.0M
Q3 25
$669.2M
$355.7M
Q2 25
$294.2M
Q1 25
$287.5M
Q4 24
$157.7M
Q3 24
$506.0M
$49.5M
Q2 24
$73.4M
Q1 24
$520.7M
$81.2M
Total Debt
ATAT
ATAT
PACS
PACS
Q4 25
$353.2M
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
Q3 24
Q2 24
Q1 24
$277.0K
Stockholders' Equity
ATAT
ATAT
PACS
PACS
Q4 25
$946.8M
Q3 25
$405.0M
$871.3M
Q2 25
$806.8M
Q1 25
$750.2M
Q4 24
$709.6M
Q3 24
$291.3M
$660.0M
Q2 24
$572.1M
Q1 24
$323.5M
$128.0M
Total Assets
ATAT
ATAT
PACS
PACS
Q4 25
$5.6B
Q3 25
$1.1B
$5.6B
Q2 25
$5.5B
Q1 25
$5.5B
Q4 24
$5.2B
Q3 24
$927.8M
$4.5B
Q2 24
$3.9B
Q1 24
$936.3M
$3.9B
Debt / Equity
ATAT
ATAT
PACS
PACS
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
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
PACS
PACS
Operating Cash FlowLast quarter
$216.6M
$-3.4M
Free Cash FlowOCF − Capex
$210.7M
FCF MarginFCF / Revenue
26.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.56×
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$359.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
PACS
PACS
Q4 25
$-3.4M
Q3 25
$216.6M
$204.8M
Q2 25
$52.6M
Q1 25
$150.2M
Q4 24
$64.6M
Q3 24
$84.8M
$209.2M
Q2 24
$34.8M
Q1 24
$19.8M
$58.8M
Free Cash Flow
ATAT
ATAT
PACS
PACS
Q4 25
Q3 25
$210.7M
Q2 25
Q1 25
Q4 24
Q3 24
$83.3M
Q2 24
Q1 24
$18.1M
FCF Margin
ATAT
ATAT
PACS
PACS
Q4 25
Q3 25
26.7%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Q1 24
8.9%
Capex Intensity
ATAT
ATAT
PACS
PACS
Q4 25
Q3 25
0.8%
Q2 25
Q1 25
Q4 24
Q3 24
0.7%
Q2 24
Q1 24
0.9%
Cash Conversion
ATAT
ATAT
PACS
PACS
Q4 25
-0.06×
Q3 25
1.56×
3.91×
Q2 25
1.03×
Q1 25
5.28×
Q4 24
33.78×
Q3 24
2.57×
13.39×
Q2 24
Q1 24
0.56×
1.20×

Financial Flow Comparison

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

Related Comparisons