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Side-by-side financial comparison of Braemar Hotels & Resorts Inc. (BHR) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

Braemar Hotels & Resorts Inc. is the larger business by last-quarter revenue ($165.6M vs $87.9M, roughly 1.9× UNITED STATES LIME & MINERALS INC). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs -20.3%, a 55.0% gap on every dollar of revenue. On growth, UNITED STATES LIME & MINERALS INC posted the faster year-over-year revenue change (9.8% vs -4.5%). UNITED STATES LIME & MINERALS INC produced more free cash flow last quarter ($25.7M vs $-37.1M). Over the past eight quarters, UNITED STATES LIME & MINERALS INC's revenue compounded faster (10.8% CAGR vs -13.1%).

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

BHR vs USLM — Head-to-Head

Bigger by revenue
BHR
BHR
1.9× larger
BHR
$165.6M
$87.9M
USLM
Growing faster (revenue YoY)
USLM
USLM
+14.3% gap
USLM
9.8%
-4.5%
BHR
Higher net margin
USLM
USLM
55.0% more per $
USLM
34.7%
-20.3%
BHR
More free cash flow
USLM
USLM
$62.8M more FCF
USLM
$25.7M
$-37.1M
BHR
Faster 2-yr revenue CAGR
USLM
USLM
Annualised
USLM
10.8%
-13.1%
BHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHR
BHR
USLM
USLM
Revenue
$165.6M
$87.9M
Net Profit
$-33.6M
$30.5M
Gross Margin
48.0%
Operating Margin
-7.3%
41.0%
Net Margin
-20.3%
34.7%
Revenue YoY
-4.5%
9.8%
Net Profit YoY
-80.1%
13.2%
EPS (diluted)
$-0.67
$1.06

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
BHR
BHR
USLM
USLM
Q4 25
$165.6M
$87.9M
Q3 25
$143.6M
$102.0M
Q2 25
$179.1M
$91.5M
Q1 25
$215.8M
$91.3M
Q4 24
$173.3M
$80.1M
Q3 24
$148.4M
$89.4M
Q2 24
$187.6M
$76.5M
Q1 24
$219.1M
$71.7M
Net Profit
BHR
BHR
USLM
USLM
Q4 25
$-33.6M
$30.5M
Q3 25
$5.7M
$38.8M
Q2 25
$-5.5M
$30.8M
Q1 25
$11.0M
$34.1M
Q4 24
$-18.7M
$27.0M
Q3 24
$12.6M
$33.4M
Q2 24
$-11.6M
$26.1M
Q1 24
$15.9M
$22.4M
Gross Margin
BHR
BHR
USLM
USLM
Q4 25
48.0%
Q3 25
51.2%
Q2 25
45.8%
Q1 25
50.6%
Q4 24
44.3%
Q3 24
48.2%
Q2 24
45.5%
Q1 24
42.7%
Operating Margin
BHR
BHR
USLM
USLM
Q4 25
-7.3%
41.0%
Q3 25
20.8%
45.3%
Q2 25
10.0%
39.0%
Q1 25
17.0%
43.7%
Q4 24
2.2%
38.8%
Q3 24
47.4%
42.6%
Q2 24
6.5%
39.1%
Q1 24
19.4%
35.9%
Net Margin
BHR
BHR
USLM
USLM
Q4 25
-20.3%
34.7%
Q3 25
4.0%
38.0%
Q2 25
-3.1%
33.7%
Q1 25
5.1%
37.4%
Q4 24
-10.8%
33.7%
Q3 24
8.5%
37.3%
Q2 24
-6.2%
34.0%
Q1 24
7.3%
31.3%
EPS (diluted)
BHR
BHR
USLM
USLM
Q4 25
$-0.67
$1.06
Q3 25
$-0.12
$1.35
Q2 25
$-0.24
$1.07
Q1 25
$-0.04
$1.19
Q4 24
$-0.47
$-2.20
Q3 24
$-0.02
$1.16
Q2 24
$-0.33
$0.91
Q1 24
$0.05
$3.92

Balance Sheet & Financial Strength

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

Metric
BHR
BHR
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$124.4M
$371.1M
Total DebtLower is stronger
$1.1B
$0
Stockholders' EquityBook value
$138.7M
$630.8M
Total Assets
$1.9B
$681.0M
Debt / EquityLower = less leverage
7.96×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHR
BHR
USLM
USLM
Q4 25
$124.4M
$371.1M
Q3 25
$116.3M
$349.5M
Q2 25
$80.2M
$319.9M
Q1 25
$81.7M
$300.6M
Q4 24
$135.5M
$278.0M
Q3 24
$168.7M
$255.0M
Q2 24
$114.6M
$222.5M
Q1 24
$137.1M
$207.0M
Total Debt
BHR
BHR
USLM
USLM
Q4 25
$1.1B
$0
Q3 25
$1.2B
$0
Q2 25
$1.2B
$0
Q1 25
$1.2B
$0
Q4 24
$1.2B
$0
Q3 24
$1.2B
$0
Q2 24
$1.1B
$0
Q1 24
$1.2B
$0
Stockholders' Equity
BHR
BHR
USLM
USLM
Q4 25
$138.7M
$630.8M
Q3 25
$211.9M
$602.3M
Q2 25
$225.1M
$563.3M
Q1 25
$238.9M
$532.2M
Q4 24
$240.7M
$497.7M
Q3 24
$276.9M
$474.2M
Q2 24
$282.3M
$441.1M
Q1 24
$307.3M
$415.3M
Total Assets
BHR
BHR
USLM
USLM
Q4 25
$1.9B
$681.0M
Q3 25
$2.0B
$652.8M
Q2 25
$2.1B
$607.4M
Q1 25
$2.1B
$585.3M
Q4 24
$2.1B
$543.2M
Q3 24
$2.2B
$521.8M
Q2 24
$2.2B
$484.2M
Q1 24
$2.3B
$464.0M
Debt / Equity
BHR
BHR
USLM
USLM
Q4 25
7.96×
0.00×
Q3 25
5.50×
0.00×
Q2 25
5.38×
0.00×
Q1 25
5.03×
0.00×
Q4 24
5.03×
0.00×
Q3 24
4.36×
0.00×
Q2 24
4.00×
0.00×
Q1 24
3.98×
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
BHR
BHR
USLM
USLM
Operating Cash FlowLast quarter
$40.8M
$45.6M
Free Cash FlowOCF − Capex
$-37.1M
$25.7M
FCF MarginFCF / Revenue
-22.4%
29.2%
Capex IntensityCapex / Revenue
47.1%
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$-59.2M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHR
BHR
USLM
USLM
Q4 25
$40.8M
$45.6M
Q3 25
$-5.8M
$45.9M
Q2 25
$23.0M
$34.0M
Q1 25
$15.1M
$39.4M
Q4 24
$66.8M
$38.6M
Q3 24
$9.0K
$39.0M
Q2 24
$24.1M
$21.2M
Q1 24
$36.0M
$27.2M
Free Cash Flow
BHR
BHR
USLM
USLM
Q4 25
$-37.1M
$25.7M
Q3 25
$-27.3M
$31.3M
Q2 25
$5.3M
$20.8M
Q1 25
$-159.0K
$24.6M
Q4 24
$-3.8M
$27.6M
Q3 24
$-15.6M
$33.9M
Q2 24
$8.2M
$16.8M
Q1 24
$12.7M
$20.3M
FCF Margin
BHR
BHR
USLM
USLM
Q4 25
-22.4%
29.2%
Q3 25
-19.0%
30.7%
Q2 25
3.0%
22.7%
Q1 25
-0.1%
26.9%
Q4 24
-2.2%
34.4%
Q3 24
-10.5%
37.9%
Q2 24
4.4%
21.9%
Q1 24
5.8%
28.4%
Capex Intensity
BHR
BHR
USLM
USLM
Q4 25
47.1%
22.6%
Q3 25
15.0%
14.4%
Q2 25
9.9%
14.5%
Q1 25
7.1%
16.3%
Q4 24
40.7%
13.8%
Q3 24
10.5%
5.8%
Q2 24
8.5%
5.7%
Q1 24
10.7%
9.5%
Cash Conversion
BHR
BHR
USLM
USLM
Q4 25
1.49×
Q3 25
-1.00×
1.18×
Q2 25
1.10×
Q1 25
1.38×
1.16×
Q4 24
1.43×
Q3 24
0.00×
1.17×
Q2 24
0.81×
Q1 24
2.26×
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

USLM
USLM

Segment breakdown not available.

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