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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and ZIFF DAVIS, INC. (ZD). 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 $406.7M, roughly 1.9× ZIFF DAVIS, INC.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 0.1%, a 17.5% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -1.5%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $157.8M).

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.

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

ATAT vs ZD — Head-to-Head

Bigger by revenue
ATAT
ATAT
1.9× larger
ATAT
$789.6M
$406.7M
ZD
Growing faster (revenue YoY)
ATAT
ATAT
+254.0% gap
ATAT
252.5%
-1.5%
ZD
Higher net margin
ATAT
ATAT
17.5% more per $
ATAT
17.6%
0.1%
ZD
More free cash flow
ATAT
ATAT
$52.9M more FCF
ATAT
$210.7M
$157.8M
ZD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ATAT
ATAT
ZD
ZD
Revenue
$789.6M
$406.7M
Net Profit
$139.1M
$370.0K
Gross Margin
85.9%
Operating Margin
22.5%
21.2%
Net Margin
17.6%
0.1%
Revenue YoY
252.5%
-1.5%
Net Profit YoY
322.2%
-99.4%
EPS (diluted)
$0.33
$0.06

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
ZD
ZD
Q4 25
$406.7M
Q3 25
$789.6M
$363.7M
Q2 25
$352.2M
Q1 25
$328.6M
Q4 24
$412.8M
Q3 24
$224.0M
$353.6M
Q2 24
$320.8M
Q1 24
$203.4M
$314.5M
Net Profit
ATAT
ATAT
ZD
ZD
Q4 25
$370.0K
Q3 25
$139.1M
$-3.6M
Q2 25
$26.3M
Q1 25
$24.2M
Q4 24
$64.1M
Q3 24
$33.0M
$-48.6M
Q2 24
$36.9M
Q1 24
$35.6M
$10.6M
Gross Margin
ATAT
ATAT
ZD
ZD
Q4 25
85.9%
Q3 25
85.4%
Q2 25
86.1%
Q1 25
85.6%
Q4 24
87.1%
Q3 24
85.5%
Q2 24
84.4%
Q1 24
85.4%
Operating Margin
ATAT
ATAT
ZD
ZD
Q4 25
21.2%
Q3 25
22.5%
7.8%
Q2 25
9.5%
Q1 25
10.7%
Q4 24
19.0%
Q3 24
14.7%
-8.3%
Q2 24
8.9%
Q1 24
22.1%
11.4%
Net Margin
ATAT
ATAT
ZD
ZD
Q4 25
0.1%
Q3 25
17.6%
-1.0%
Q2 25
7.5%
Q1 25
7.4%
Q4 24
15.5%
Q3 24
14.7%
-13.7%
Q2 24
11.5%
Q1 24
17.5%
3.4%
EPS (diluted)
ATAT
ATAT
ZD
ZD
Q4 25
$0.06
Q3 25
$0.33
$-0.09
Q2 25
$0.62
Q1 25
$0.56
Q4 24
$1.53
Q3 24
$0.08
$-1.11
Q2 24
$0.77
Q1 24
$0.09
$0.23

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$669.2M
$607.0M
Total DebtLower is stronger
$866.5M
Stockholders' EquityBook value
$405.0M
$1.8B
Total Assets
$1.1B
$3.7B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
ZD
ZD
Q4 25
$607.0M
Q3 25
$669.2M
$503.4M
Q2 25
$457.3M
Q1 25
$431.0M
Q4 24
$505.9M
Q3 24
$506.0M
$386.1M
Q2 24
$687.2M
Q1 24
$520.7M
$751.2M
Total Debt
ATAT
ATAT
ZD
ZD
Q4 25
$866.5M
Q3 25
Q2 25
Q1 25
Q4 24
$864.3M
Q3 24
Q2 24
Q1 24
$277.0K
Stockholders' Equity
ATAT
ATAT
ZD
ZD
Q4 25
$1.8B
Q3 25
$405.0M
$1.8B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$291.3M
$1.8B
Q2 24
$1.9B
Q1 24
$323.5M
$1.9B
Total Assets
ATAT
ATAT
ZD
ZD
Q4 25
$3.7B
Q3 25
$1.1B
$3.5B
Q2 25
$3.5B
Q1 25
$3.5B
Q4 24
$3.7B
Q3 24
$927.8M
$3.4B
Q2 24
$3.7B
Q1 24
$936.3M
$3.7B
Debt / Equity
ATAT
ATAT
ZD
ZD
Q4 25
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
0.48×
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
ATAT
ATAT
ZD
ZD
Operating Cash FlowLast quarter
$216.6M
$191.1M
Free Cash FlowOCF − Capex
$210.7M
$157.8M
FCF MarginFCF / Revenue
26.7%
38.8%
Capex IntensityCapex / Revenue
0.8%
8.2%
Cash ConversionOCF / Net Profit
1.56×
516.44×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
ZD
ZD
Q4 25
$191.1M
Q3 25
$216.6M
$138.3M
Q2 25
$57.1M
Q1 25
$20.6M
Q4 24
$158.2M
Q3 24
$84.8M
$106.0M
Q2 24
$50.6M
Q1 24
$19.8M
$75.6M
Free Cash Flow
ATAT
ATAT
ZD
ZD
Q4 25
$157.8M
Q3 25
$210.7M
$108.2M
Q2 25
$26.9M
Q1 25
$-5.0M
Q4 24
$131.1M
Q3 24
$83.3M
$80.1M
Q2 24
$25.1M
Q1 24
$18.1M
$47.4M
FCF Margin
ATAT
ATAT
ZD
ZD
Q4 25
38.8%
Q3 25
26.7%
29.7%
Q2 25
7.6%
Q1 25
-1.5%
Q4 24
31.8%
Q3 24
37.2%
22.7%
Q2 24
7.8%
Q1 24
8.9%
15.1%
Capex Intensity
ATAT
ATAT
ZD
ZD
Q4 25
8.2%
Q3 25
0.8%
8.3%
Q2 25
8.6%
Q1 25
7.8%
Q4 24
6.6%
Q3 24
0.7%
7.3%
Q2 24
8.0%
Q1 24
0.9%
8.9%
Cash Conversion
ATAT
ATAT
ZD
ZD
Q4 25
516.44×
Q3 25
1.56×
Q2 25
2.17×
Q1 25
0.85×
Q4 24
2.47×
Q3 24
2.57×
Q2 24
1.37×
Q1 24
0.56×
7.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATAT
ATAT

Segment breakdown not available.

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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