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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $789.6M, roughly 1.8× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 1.4%, a 16.2% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 6.4%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $5.2M).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
ATAT vs SEM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $1.4B |
| Net Profit | $139.1M | $20.2M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | 4.6% |
| Net Margin | 17.6% | 1.4% |
| Revenue YoY | 252.5% | 6.4% |
| Net Profit YoY | 322.2% | 225.7% |
| EPS (diluted) | $0.33 | $0.17 |
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 | — | $1.4B | ||
| Q3 25 | $789.6M | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $224.0M | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $203.4M | $1.3B |
| Q4 25 | — | $20.2M | ||
| Q3 25 | $139.1M | $28.8M | ||
| Q2 25 | — | $40.6M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $-16.1M | ||
| Q3 24 | $33.0M | $55.6M | ||
| Q2 24 | — | $77.6M | ||
| Q1 24 | $35.6M | $96.9M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 22.5% | 5.4% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 14.7% | 4.3% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | 22.1% | 9.0% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 17.6% | 2.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | 17.5% | 7.3% |
| Q4 25 | — | $0.17 | ||
| Q3 25 | $0.33 | $0.23 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.44 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $0.08 | $0.43 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | $0.09 | $0.75 |
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 | $26.5M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $405.0M | $1.7B |
| Total Assets | $1.1B | $5.9B |
| Debt / EquityLower = less leverage | — | 1.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.5M | ||
| Q3 25 | $669.2M | $60.1M | ||
| Q2 25 | — | $52.3M | ||
| Q1 25 | — | $53.2M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $506.0M | $191.5M | ||
| Q2 24 | — | $111.2M | ||
| Q1 24 | $520.7M | $92.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | $277.0K | $3.8B |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $405.0M | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $291.3M | $1.9B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $323.5M | $1.4B |
| Q4 25 | — | $5.9B | ||
| Q3 25 | $1.1B | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.6B | ||
| Q3 24 | $927.8M | $8.0B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | $936.3M | $7.9B |
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | 0.00× | 2.75× |
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 | $64.3M |
| Free Cash FlowOCF − Capex | $210.7M | $5.2M |
| FCF MarginFCF / Revenue | 26.7% | 0.4% |
| Capex IntensityCapex / Revenue | 0.8% | 4.2% |
| Cash ConversionOCF / Net Profit | 1.56× | 3.19× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $117.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $64.3M | ||
| Q3 25 | $216.6M | $175.3M | ||
| Q2 25 | — | $110.3M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $125.4M | ||
| Q3 24 | $84.8M | $181.0M | ||
| Q2 24 | — | $278.2M | ||
| Q1 24 | $19.8M | $-66.7M |
| Q4 25 | — | $5.2M | ||
| Q3 25 | $210.7M | $122.2M | ||
| Q2 25 | — | $45.6M | ||
| Q1 25 | — | $-55.8M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | $83.3M | $130.3M | ||
| Q2 24 | — | $222.6M | ||
| Q1 24 | $18.1M | $-119.2M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 26.7% | 9.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 37.2% | 10.2% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | 8.9% | -9.0% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 0.8% | 3.9% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 0.7% | 4.0% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | 0.9% | 4.0% |
| Q4 25 | — | 3.19× | ||
| Q3 25 | 1.56× | 6.09× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | -0.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.57× | 3.25× | ||
| Q2 24 | — | 3.59× | ||
| Q1 24 | 0.56× | -0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
SEM
| Critical Illness Recovery Hospitals | $629.7M | 45% |
| Health Care Patient Service Non Medicare | $428.6M | 31% |
| Rehabilitation Hospitals | $339.2M | 24% |
