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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $789.6M, roughly 1.5× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 2.2%, a 15.5% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 3.0%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
ATAT vs VSAT — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $1.2B |
| Net Profit | $139.1M | $25.0M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | 2.3% |
| Net Margin | 17.6% | 2.2% |
| Revenue YoY | 252.5% | 3.0% |
| Net Profit YoY | 322.2% | 115.8% |
| EPS (diluted) | $0.33 | $0.18 |
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 | — | $1.2B | ||
| Q3 25 | $789.6M | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $224.0M | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $203.4M | $1.2B |
| Q4 25 | — | $25.0M | ||
| Q3 25 | $139.1M | $-61.4M | ||
| Q2 25 | — | $-56.4M | ||
| Q1 25 | — | $-246.1M | ||
| Q4 24 | — | $-158.4M | ||
| Q3 24 | $33.0M | $-137.6M | ||
| Q2 24 | — | $-32.9M | ||
| Q1 24 | $35.6M | $-100.3M |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 22.5% | 3.1% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | -13.4% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 14.7% | -2.2% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | 22.1% | 0.0% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 17.6% | -5.4% | ||
| Q2 25 | — | -4.8% | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | 14.7% | -12.3% | ||
| Q2 24 | — | -2.9% | ||
| Q1 24 | 17.5% | -8.7% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | $0.33 | $-0.45 | ||
| Q2 25 | — | $-0.43 | ||
| Q1 25 | — | $-1.92 | ||
| Q4 24 | — | $-1.23 | ||
| Q3 24 | $0.08 | $-1.07 | ||
| Q2 24 | — | $-0.26 | ||
| Q1 24 | $0.09 | $-1.14 |
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 | $1.3B |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $405.0M | $4.6B |
| Total Assets | $1.1B | $14.9B |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $669.2M | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $506.0M | $3.5B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $520.7M | $1.9B |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | $277.0K | $7.1B |
| Q4 25 | — | $4.6B | ||
| Q3 25 | $405.0M | $4.5B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | $291.3M | $4.9B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | $323.5M | $5.0B |
| Q4 25 | — | $14.9B | ||
| Q3 25 | $1.1B | $14.8B | ||
| Q2 25 | — | $14.9B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | $927.8M | $17.8B | ||
| Q2 24 | — | $16.1B | ||
| Q1 24 | $936.3M | $16.3B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.43× | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | 0.00× | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | $210.7M | — |
| FCF MarginFCF / Revenue | 26.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 1.56× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $726.9M | ||
| Q3 25 | $216.6M | $282.2M | ||
| Q2 25 | — | $258.5M | ||
| Q1 25 | — | $298.4M | ||
| Q4 24 | — | $219.5M | ||
| Q3 24 | $84.8M | $239.2M | ||
| Q2 24 | — | $151.1M | ||
| Q1 24 | $19.8M | $232.0M |
| Q4 25 | — | — | ||
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $83.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $18.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | — | 29.11× | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
