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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and PJT Partners Inc. (PJT). 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 $531.4M, roughly 1.5× PJT Partners Inc.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 10.0%, a 7.6% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 12.9%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $138.6M).
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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
ATAT vs PJT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $531.4M |
| Net Profit | $139.1M | $53.4M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | 23.1% |
| Net Margin | 17.6% | 10.0% |
| Revenue YoY | 252.5% | 12.9% |
| Net Profit YoY | 322.2% | 4.0% |
| 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.
| Q4 25 | — | $531.4M | ||
| Q3 25 | $789.6M | $442.3M | ||
| Q2 25 | — | $401.1M | ||
| Q1 25 | — | $321.9M | ||
| Q4 24 | — | $470.5M | ||
| Q3 24 | $224.0M | $320.3M | ||
| Q2 24 | — | $358.1M | ||
| Q1 24 | $203.4M | $327.1M |
| Q4 25 | — | $53.4M | ||
| Q3 25 | $139.1M | $39.8M | ||
| Q2 25 | — | $32.9M | ||
| Q1 25 | — | $54.0M | ||
| Q4 24 | — | $51.3M | ||
| Q3 24 | $33.0M | $22.1M | ||
| Q2 24 | — | $28.3M | ||
| Q1 24 | $35.6M | $32.6M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | 22.5% | 20.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 16.3% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | 14.7% | 15.4% | ||
| Q2 24 | — | 18.0% | ||
| Q1 24 | 22.1% | 16.5% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | 17.6% | 9.0% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | 14.7% | 6.9% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | 17.5% | 10.0% |
| Q4 25 | — | — | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.09 | — |
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 | $538.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.0M | $308.2M |
| Total Assets | $1.1B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $538.9M | ||
| Q3 25 | $669.2M | $400.5M | ||
| Q2 25 | — | $214.6M | ||
| Q1 25 | — | $194.3M | ||
| Q4 24 | — | $483.9M | ||
| Q3 24 | $506.0M | $148.8M | ||
| Q2 24 | — | $164.2M | ||
| Q1 24 | $520.7M | $215.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — |
| Q4 25 | — | $308.2M | ||
| Q3 25 | $405.0M | $228.6M | ||
| Q2 25 | — | $167.4M | ||
| Q1 25 | — | $148.8M | ||
| Q4 24 | — | $187.0M | ||
| Q3 24 | $291.3M | $159.1M | ||
| Q2 24 | — | $133.8M | ||
| Q1 24 | $323.5M | $174.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $927.8M | $1.6B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $936.3M | $1.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $216.6M | $155.7M |
| Free Cash FlowOCF − Capex | $210.7M | $138.6M |
| FCF MarginFCF / Revenue | 26.7% | 26.1% |
| Capex IntensityCapex / Revenue | 0.8% | 3.2% |
| Cash ConversionOCF / Net Profit | 1.56× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $155.7M | ||
| Q3 25 | $216.6M | $256.1M | ||
| Q2 25 | — | $190.4M | ||
| Q1 25 | — | $-75.9M | ||
| Q4 24 | — | $195.7M | ||
| Q3 24 | $84.8M | $180.5M | ||
| Q2 24 | — | $193.6M | ||
| Q1 24 | $19.8M | $-38.8M |
| Q4 25 | — | $138.6M | ||
| Q3 25 | $210.7M | $240.9M | ||
| Q2 25 | — | $178.9M | ||
| Q1 25 | — | $-77.9M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | $83.3M | $178.5M | ||
| Q2 24 | — | $193.0M | ||
| Q1 24 | $18.1M | $-39.2M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | 26.7% | 54.5% | ||
| Q2 25 | — | 44.6% | ||
| Q1 25 | — | -24.2% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | 37.2% | 55.7% | ||
| Q2 24 | — | 53.9% | ||
| Q1 24 | 8.9% | -12.0% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | 0.8% | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 0.9% | 0.1% |
| Q4 25 | — | 2.92× | ||
| Q3 25 | 1.56× | 6.43× | ||
| Q2 25 | — | 5.79× | ||
| Q1 25 | — | -1.41× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | 2.57× | 8.15× | ||
| Q2 24 | — | 6.84× | ||
| Q1 24 | 0.56× | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
