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ASHFORD HOSPITALITY TRUST INC（AHT）与Cellebrite DI Ltd.（CLBT）财务数据对比。点击上方公司名可切换其他公司
Cellebrite DI Ltd.的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.1倍（$292.2M vs $259.0M），ASHFORD HOSPITALITY TRUST INC净利率更高（-26.8% vs -103.5%，领先76.7%），Cellebrite DI Ltd.自由现金流更多（$60.8M vs $-86.8M），过去两年Cellebrite DI Ltd.的营收复合增速更高（72.8% 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。
Cellebrite DI Ltd.是一家总部位于以色列佩塔提克瓦的数字取证企业，为执法机构、企业及服务供应商提供数字数据的采集、审阅、分析与管理工具，旗下核心产品系列为Cellebrite UFED。
AHT vs CLBT — 直观对比
营收规模更大
CLBT
是对方的1.1倍
$259.0M
净利率更高
AHT
高出76.7%
-103.5%
自由现金流更多
CLBT
多$147.6M
$-86.8M
两年增速更快
CLBT
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $292.2M |
| 净利润 | $-69.3M | $-302.3M |
| 毛利率 | — | 84.6% |
| 营业利润率 | -2.6% | 14.1% |
| 净利率 | -26.8% | -103.5% |
| 营收同比 | -6.0% | — |
| 净利润同比 | 44.2% | — |
| 每股收益（稀释后） | $-12.85 | $-1.50 |
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AHTCLBT
| Q4 25 | $259.0M | — | ||
| Q3 25 | $266.1M | $292.2M | ||
| Q2 25 | $302.0M | $220.8M | ||
| Q1 25 | $277.4M | $89.6M | ||
| Q4 24 | $275.5M | — | ||
| Q3 24 | $276.6M | $232.1M | ||
| Q2 24 | $316.5M | $185.3M | ||
| Q1 24 | $303.9M | $71.2M |
净利润AHTCLBT
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $-302.3M | ||
| Q2 25 | $-30.4M | $36.9M | ||
| Q1 25 | $-20.0M | $-71.4M | ||
| Q4 24 | $-124.2M | — | ||
| Q3 24 | $-57.9M | — | ||
| Q2 24 | $50.3M | $-95.2M | ||
| Q1 24 | $71.6M | $-40.6M |
毛利率AHTCLBT
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.1% | ||
| Q1 25 | — | 85.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 83.5% | ||
| Q2 24 | — | 84.1% | ||
| Q1 24 | — | 82.6% |
营业利润率AHTCLBT
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | 14.1% | ||
| Q2 25 | 16.3% | 12.1% | ||
| Q1 25 | 22.2% | 10.3% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | 7.3% | 7.9% | ||
| Q2 24 | 42.8% | 11.7% | ||
| Q1 24 | 50.2% | 0.2% |
净利率AHTCLBT
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | -103.5% | ||
| Q2 25 | -10.1% | 16.7% | ||
| Q1 25 | -7.2% | -79.7% | ||
| Q4 24 | -45.1% | — | ||
| Q3 24 | -20.9% | — | ||
| Q2 24 | 15.9% | -51.4% | ||
| Q1 24 | 23.5% | -57.0% |
每股收益（稀释后）AHTCLBT
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | $-1.50 | ||
| Q2 25 | $-6.88 | $0.15 | ||
| Q1 25 | $-4.91 | $-0.36 | ||
| Q4 24 | $-13.64 | — | ||
| Q3 24 | $-12.39 | $-0.35 | ||
| Q2 24 | $2.50 | $-0.48 | ||
| Q1 24 | $5.99 | $-0.21 |
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 | $191.7M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $336.0M |
| 总资产 | $2.8B | $690.6M |
| 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AHTCLBT
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | $191.7M | ||
| Q2 25 | $100.0M | $326.1M | ||
| Q1 25 | $85.8M | $191.7M | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $119.7M | $189.5M | ||
| Q2 24 | $121.8M | $178.6M | ||
| Q1 24 | $111.1M | $189.5M |
总债务AHTCLBT
| 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 | — | ||
| Q1 24 | $2.9B | — |
股东权益AHTCLBT
| Q4 25 | $-626.4M | — | ||
| Q3 25 | $-548.7M | $336.0M | ||
| Q2 25 | $-485.5M | $408.4M | ||
| Q1 25 | $-446.1M | $336.0M | ||
| Q4 24 | $-419.2M | — | ||
| Q3 24 | $-288.4M | $34.2M | ||
| Q2 24 | $-225.9M | $-40.2M | ||
| Q1 24 | $-276.8M | $34.2M |
总资产AHTCLBT
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.0B | $690.6M | ||
| Q2 25 | $3.1B | $787.4M | ||
| Q1 25 | $3.1B | $690.6M | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.3B | $532.9M | ||
| Q2 24 | $3.3B | $556.6M | ||
| Q1 24 | $3.5B | $532.9M |
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 | $66.2M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $60.8M |
| 自由现金流率自由现金流/营收 | -33.5% | 20.8% |
| 资本支出强度资本支出/营收 | 27.5% | 1.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $172.1M |
8季度趋势，按日历期对齐
经营现金流AHTCLBT
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | $66.2M | ||
| Q2 25 | $16.3M | $53.5M | ||
| Q1 25 | $-25.0M | $10.0M | ||
| Q4 24 | $-23.6M | — | ||
| Q3 24 | $795.0K | $58.2M | ||
| Q2 24 | $8.0M | $24.6M | ||
| Q1 24 | $-46.5M | $12.5M |
自由现金流AHTCLBT
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | $60.8M | ||
| Q2 25 | $-3.6M | $47.5M | ||
| Q1 25 | $-44.8M | $8.5M | ||
| Q4 24 | $-131.6M | — | ||
| Q3 24 | $-21.8M | $55.3M | ||
| Q2 24 | $-22.9M | $21.0M | ||
| Q1 24 | $-80.4M | $11.4M |
自由现金流率AHTCLBT
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | 20.8% | ||
| Q2 25 | -1.2% | 21.5% | ||
| Q1 25 | -16.2% | 9.5% | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -7.9% | 23.8% | ||
| Q2 24 | -7.2% | 11.3% | ||
| Q1 24 | -26.5% | 16.0% |
资本支出强度AHTCLBT
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 6.6% | 2.7% | ||
| Q1 25 | 7.2% | 1.7% | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 8.2% | 1.3% | ||
| Q2 24 | 9.8% | 1.9% | ||
| Q1 24 | 11.2% | 1.5% |
现金转化率AHTCLBT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | -0.65× | — |
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% |
CLBT
| Subscription services | $197.2M | 67% |
| Term-license | $60.8M | 21% |
| Professional services | $23.2M | 8% |
| Other non-recurring | $11.0M | 4% |
