vs
ASHFORD HOSPITALITY TRUST INC（AHT）与BALCHEM CORP（BCPC）财务数据对比。点击上方公司名可切换其他公司
BALCHEM CORP的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.0倍（$270.7M vs $259.0M），BALCHEM CORP净利率更高（14.9% vs -26.8%，领先41.7%），BALCHEM CORP同比增速更快（8.1% vs -6.0%），BALCHEM CORP自由现金流更多（$33.8M vs $-86.8M），过去两年BALCHEM CORP的营收复合增速更高（7.5% vs -7.7%）
阿什福德酒店信托是一家总部位于美国的房地产投资信托，主要投资美国核心城市、郊区及度假区的高端全服务酒店资产，旗下物业多由全球知名酒店品牌运营，服务商务与休闲旅客，专注实现长期资产增值与稳定股东回报。
Balchem Corp是一家全球特种化学品与营养原料供应商，核心业务覆盖人类营养、动物保健、制药、工业应用四大领域，为北美、欧洲、亚太等地区的客户提供定制化专用原料产品。
AHT vs BCPC — 直观对比
营收规模更大
BCPC
是对方的1.0倍
$259.0M
营收增速更快
BCPC
高出14.1%
-6.0%
净利率更高
BCPC
高出41.7%
-26.8%
自由现金流更多
BCPC
多$120.7M
$-86.8M
两年增速更快
BCPC
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $270.7M |
| 净利润 | $-69.3M | $40.3M |
| 毛利率 | — | — |
| 营业利润率 | -2.6% | 20.5% |
| 净利率 | -26.8% | 14.9% |
| 营收同比 | -6.0% | 8.1% |
| 净利润同比 | 44.2% | 8.7% |
| 每股收益（稀释后） | $-12.85 | $1.25 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AHTBCPC
| Q1 26 | — | $270.7M | ||
| Q4 25 | $259.0M | $263.6M | ||
| Q3 25 | $266.1M | $267.6M | ||
| Q2 25 | $302.0M | $255.5M | ||
| Q1 25 | $277.4M | $250.5M | ||
| Q4 24 | $275.5M | $240.0M | ||
| Q3 24 | $276.6M | $239.9M | ||
| Q2 24 | $316.5M | $234.1M |
净利润AHTBCPC
| Q1 26 | — | $40.3M | ||
| Q4 25 | $-69.3M | $39.2M | ||
| Q3 25 | $-60.1M | $40.3M | ||
| Q2 25 | $-30.4M | $38.3M | ||
| Q1 25 | $-20.0M | $37.1M | ||
| Q4 24 | $-124.2M | $33.6M | ||
| Q3 24 | $-57.9M | $33.8M | ||
| Q2 24 | $50.3M | $32.1M |
毛利率AHTBCPC
| Q1 26 | — | — | ||
| Q4 25 | — | 35.6% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 36.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 35.5% |
营业利润率AHTBCPC
| Q1 26 | — | 20.5% | ||
| Q4 25 | -2.6% | 19.8% | ||
| Q3 25 | 4.6% | 20.4% | ||
| Q2 25 | 16.3% | 20.1% | ||
| Q1 25 | 22.2% | 20.4% | ||
| Q4 24 | -17.8% | 19.8% | ||
| Q3 24 | 7.3% | 20.0% | ||
| Q2 24 | 42.8% | 19.6% |
净利率AHTBCPC
| Q1 26 | — | 14.9% | ||
| Q4 25 | -26.8% | 14.9% | ||
| Q3 25 | -22.6% | 15.1% | ||
| Q2 25 | -10.1% | 15.0% | ||
| Q1 25 | -7.2% | 14.8% | ||
| Q4 24 | -45.1% | 14.0% | ||
| Q3 24 | -20.9% | 14.1% | ||
| Q2 24 | 15.9% | 13.7% |
每股收益（稀释后）AHTBCPC
| Q1 26 | — | $1.25 | ||
| Q4 25 | $-12.85 | $1.21 | ||
| Q3 25 | $-11.35 | $1.24 | ||
| Q2 25 | $-6.88 | $1.17 | ||
| Q1 25 | $-4.91 | $1.13 | ||
| Q4 24 | $-13.64 | $1.03 | ||
| Q3 24 | $-12.39 | $1.03 | ||
| Q2 24 | $2.50 | $0.98 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $66.1M | $72.9M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $1.3B |
| 总资产 | $2.8B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AHTBCPC
| Q1 26 | — | $72.9M | ||
| Q4 25 | $66.1M | $74.6M | ||
| Q3 25 | $81.9M | $65.1M | ||
| Q2 25 | $100.0M | $65.4M | ||
| Q1 25 | $85.8M | $49.9M | ||
| Q4 24 | $112.9M | $49.5M | ||
| Q3 24 | $119.7M | $73.7M | ||
| Q2 24 | $121.8M | $63.7M |
总债务AHTBCPC
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — |
股东权益AHTBCPC
| Q1 26 | — | $1.3B | ||
| Q4 25 | $-626.4M | $1.3B | ||
| Q3 25 | $-548.7M | $1.3B | ||
| Q2 25 | $-485.5M | $1.3B | ||
| Q1 25 | $-446.1M | $1.2B | ||
| Q4 24 | $-419.2M | $1.1B | ||
| Q3 24 | $-288.4M | $1.2B | ||
| Q2 24 | $-225.9M | $1.1B |
总资产AHTBCPC
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $3.0B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.3B | $1.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-15.7M | $40.1M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $33.8M |
| 自由现金流率自由现金流/营收 | -33.5% | 12.5% |
| 资本支出强度资本支出/营收 | 27.5% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.99× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | — |
8季度趋势，按日历期对齐
经营现金流AHTBCPC
| Q1 26 | — | $40.1M | ||
| Q4 25 | $-15.7M | $67.3M | ||
| Q3 25 | $5.5M | $65.6M | ||
| Q2 25 | $16.3M | $47.3M | ||
| Q1 25 | $-25.0M | $36.5M | ||
| Q4 24 | $-23.6M | $52.3M | ||
| Q3 24 | $795.0K | $51.3M | ||
| Q2 24 | $8.0M | $45.0M |
自由现金流AHTBCPC
| Q1 26 | — | $33.8M | ||
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | — | ||
| Q2 25 | $-3.6M | — | ||
| Q1 25 | $-44.8M | — | ||
| Q4 24 | $-131.6M | — | ||
| Q3 24 | $-21.8M | — | ||
| Q2 24 | $-22.9M | — |
自由现金流率AHTBCPC
| Q1 26 | — | 12.5% | ||
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -16.2% | — | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -7.9% | — | ||
| Q2 24 | -7.2% | — |
资本支出强度AHTBCPC
| Q1 26 | — | 2.3% | ||
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 9.8% | — |
现金转化率AHTBCPC
| Q1 26 | — | 0.99× | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | 0.16× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
BCPC
暂无分部数据
