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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and WYNDHAM HOTELS & RESORTS, INC. (WH). 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 $334.0M, roughly 2.4× WYNDHAM HOTELS & RESORTS, INC.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -18.0%, a 35.6% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -0.6%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $136.0M).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
ATAT vs WH — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $334.0M |
| Net Profit | $139.1M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 22.5% | -11.4% |
| Net Margin | 17.6% | -18.0% |
| Revenue YoY | 252.5% | -0.6% |
| Net Profit YoY | 322.2% | -170.6% |
| EPS (diluted) | $0.33 | $-0.77 |
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 | — | $334.0M | ||
| Q3 25 | $789.6M | $382.0M | ||
| Q2 25 | — | $397.0M | ||
| Q1 25 | — | $316.0M | ||
| Q4 24 | — | $336.0M | ||
| Q3 24 | $224.0M | $396.0M | ||
| Q2 24 | — | $367.0M | ||
| Q1 24 | $203.4M | $305.0M |
| Q4 25 | — | $-60.0M | ||
| Q3 25 | $139.1M | $105.0M | ||
| Q2 25 | — | $87.0M | ||
| Q1 25 | — | $61.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | $33.0M | $102.0M | ||
| Q2 24 | — | $86.0M | ||
| Q1 24 | $35.6M | $16.0M |
| Q4 25 | — | -11.4% | ||
| Q3 25 | 22.5% | 46.6% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | 14.7% | 43.2% | ||
| Q2 24 | — | 39.5% | ||
| Q1 24 | 22.1% | 16.4% |
| Q4 25 | — | -18.0% | ||
| Q3 25 | 17.6% | 27.5% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 14.7% | 25.8% | ||
| Q2 24 | — | 23.4% | ||
| Q1 24 | 17.5% | 5.2% |
| Q4 25 | — | $-0.77 | ||
| Q3 25 | $0.33 | $1.36 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | $0.08 | $1.29 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | $0.09 | $0.19 |
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 | $64.0M |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | $405.0M | $468.0M |
| Total Assets | $1.1B | $4.2B |
| Debt / EquityLower = less leverage | — | 5.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $64.0M | ||
| Q3 25 | $669.2M | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | $506.0M | $72.0M | ||
| Q2 24 | — | $70.0M | ||
| Q1 24 | $520.7M | $50.0M |
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $277.0K | $2.2B |
| Q4 25 | — | $468.0M | ||
| Q3 25 | $405.0M | $583.0M | ||
| Q2 25 | — | $570.0M | ||
| Q1 25 | — | $579.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | $291.3M | $583.0M | ||
| Q2 24 | — | $623.0M | ||
| Q1 24 | $323.5M | $674.0M |
| Q4 25 | — | $4.2B | ||
| Q3 25 | $1.1B | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $927.8M | $4.2B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $936.3M | $4.1B |
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× | ||
| Q1 24 | 0.00× | 3.27× |
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 | $152.0M |
| Free Cash FlowOCF − Capex | $210.7M | $136.0M |
| FCF MarginFCF / Revenue | 26.7% | 40.7% |
| Capex IntensityCapex / Revenue | 0.8% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $321.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $152.0M | ||
| Q3 25 | $216.6M | $86.0M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | $84.8M | $79.0M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | $19.8M | $76.0M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | $210.7M | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | $83.3M | $71.0M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | $18.1M | $67.0M |
| Q4 25 | — | 40.7% | ||
| Q3 25 | 26.7% | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | 37.2% | 17.9% | ||
| Q2 24 | — | -1.6% | ||
| Q1 24 | 8.9% | 22.0% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 0.8% | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | 0.9% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 2.57× | 0.77× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | 0.56× | 4.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
