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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Spectrum Brands Holdings, Inc. (SPB). 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 $677.0M, roughly 1.2× Spectrum Brands Holdings, Inc.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 4.2%, a 13.4% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -3.3%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $59.3M).

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.

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

ATAT vs SPB — Head-to-Head

Bigger by revenue
ATAT
ATAT
1.2× larger
ATAT
$789.6M
$677.0M
SPB
Growing faster (revenue YoY)
ATAT
ATAT
+255.9% gap
ATAT
252.5%
-3.3%
SPB
Higher net margin
ATAT
ATAT
13.4% more per $
ATAT
17.6%
4.2%
SPB
More free cash flow
ATAT
ATAT
$151.4M more FCF
ATAT
$210.7M
$59.3M
SPB

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ATAT
ATAT
SPB
SPB
Revenue
$789.6M
$677.0M
Net Profit
$139.1M
$28.4M
Gross Margin
35.7%
Operating Margin
22.5%
4.0%
Net Margin
17.6%
4.2%
Revenue YoY
252.5%
-3.3%
Net Profit YoY
322.2%
20.9%
EPS (diluted)
$0.33
$1.21

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
SPB
SPB
Q4 25
$677.0M
Q3 25
$789.6M
$733.5M
Q2 25
$699.6M
Q1 25
$675.7M
Q4 24
$700.2M
Q3 24
$224.0M
$773.8M
Q2 24
$779.4M
Q1 24
$203.4M
$718.5M
Net Profit
ATAT
ATAT
SPB
SPB
Q4 25
$28.4M
Q3 25
$139.1M
$55.6M
Q2 25
$19.9M
Q1 25
$900.0K
Q4 24
$23.5M
Q3 24
$33.0M
$28.5M
Q2 24
$6.1M
Q1 24
$35.6M
$61.1M
Gross Margin
ATAT
ATAT
SPB
SPB
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Q1 24
38.1%
Operating Margin
ATAT
ATAT
SPB
SPB
Q4 25
4.0%
Q3 25
22.5%
4.0%
Q2 25
4.5%
Q1 25
2.9%
Q4 24
6.4%
Q3 24
14.7%
2.8%
Q2 24
6.1%
Q1 24
22.1%
10.6%
Net Margin
ATAT
ATAT
SPB
SPB
Q4 25
4.2%
Q3 25
17.6%
7.6%
Q2 25
2.8%
Q1 25
0.1%
Q4 24
3.4%
Q3 24
14.7%
3.7%
Q2 24
0.8%
Q1 24
17.5%
8.5%
EPS (diluted)
ATAT
ATAT
SPB
SPB
Q4 25
$1.21
Q3 25
$0.33
$2.19
Q2 25
$0.80
Q1 25
$0.03
Q4 24
$0.84
Q3 24
$0.08
$1.03
Q2 24
$0.21
Q1 24
$0.09
$2.01

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$669.2M
$126.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
$1.9B
Total Assets
$1.1B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
SPB
SPB
Q4 25
$126.6M
Q3 25
$669.2M
$123.6M
Q2 25
$122.0M
Q1 25
$96.0M
Q4 24
$179.9M
Q3 24
$506.0M
$368.9M
Q2 24
$306.8M
Q1 24
$520.7M
$1.2B
Total Debt
ATAT
ATAT
SPB
SPB
Q4 25
Q3 25
$496.1M
Q2 25
Q1 25
Q4 24
Q3 24
$496.1M
Q2 24
Q1 24
$277.0K
Stockholders' Equity
ATAT
ATAT
SPB
SPB
Q4 25
$1.9B
Q3 25
$405.0M
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$2.0B
Q3 24
$291.3M
$2.1B
Q2 24
$2.1B
Q1 24
$323.5M
$2.3B
Total Assets
ATAT
ATAT
SPB
SPB
Q4 25
$3.4B
Q3 25
$1.1B
$3.4B
Q2 25
$3.5B
Q1 25
$3.5B
Q4 24
$3.6B
Q3 24
$927.8M
$3.8B
Q2 24
$3.8B
Q1 24
$936.3M
$4.8B
Debt / Equity
ATAT
ATAT
SPB
SPB
Q4 25
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
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
SPB
SPB
Operating Cash FlowLast quarter
$216.6M
$67.4M
Free Cash FlowOCF − Capex
$210.7M
$59.3M
FCF MarginFCF / Revenue
26.7%
8.8%
Capex IntensityCapex / Revenue
0.8%
1.2%
Cash ConversionOCF / Net Profit
1.56×
2.37×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
SPB
SPB
Q4 25
$67.4M
Q3 25
$216.6M
$171.1M
Q2 25
$81.8M
Q1 25
$23.1M
Q4 24
$-72.4M
Q3 24
$84.8M
$80.7M
Q2 24
$82.7M
Q1 24
$19.8M
$3.5M
Free Cash Flow
ATAT
ATAT
SPB
SPB
Q4 25
$59.3M
Q3 25
$210.7M
$157.9M
Q2 25
$71.8M
Q1 25
$13.9M
Q4 24
$-78.3M
Q3 24
$83.3M
$67.7M
Q2 24
$72.6M
Q1 24
$18.1M
$-9.0M
FCF Margin
ATAT
ATAT
SPB
SPB
Q4 25
8.8%
Q3 25
26.7%
21.5%
Q2 25
10.3%
Q1 25
2.1%
Q4 24
-11.2%
Q3 24
37.2%
8.7%
Q2 24
9.3%
Q1 24
8.9%
-1.3%
Capex Intensity
ATAT
ATAT
SPB
SPB
Q4 25
1.2%
Q3 25
0.8%
1.8%
Q2 25
1.4%
Q1 25
1.4%
Q4 24
0.8%
Q3 24
0.7%
1.7%
Q2 24
1.3%
Q1 24
0.9%
1.7%
Cash Conversion
ATAT
ATAT
SPB
SPB
Q4 25
2.37×
Q3 25
1.56×
3.08×
Q2 25
4.11×
Q1 25
25.67×
Q4 24
-3.08×
Q3 24
2.57×
2.83×
Q2 24
13.56×
Q1 24
0.56×
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATAT
ATAT

Segment breakdown not available.

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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