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ASHFORD HOSPITALITY TRUST INC（AHT）与Clearwater Paper Corp（CLW）财务数据对比。点击上方公司名可切换其他公司
Clearwater Paper Corp的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.4倍（$360.3M vs $259.0M），Clearwater Paper Corp净利率更高（-3.6% vs -26.8%，领先23.2%），Clearwater Paper Corp同比增速更快（-4.7% vs -6.0%），过去两年Clearwater Paper Corp的营收复合增速更高（2.3% 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。
净水纸业公司是美国的一家纸浆与纸板制造商，总部位于华盛顿州斯波坎。公司于2008年12月9日从波特拉奇公司分拆设立，专注于纸浆及纸板产品的研发生产与销售，是北美地区该领域颇具影响力的生产企业。
AHT vs CLW — 直观对比
营收规模更大
CLW
是对方的1.4倍
$259.0M
营收增速更快
CLW
高出1.3%
-6.0%
净利率更高
CLW
高出23.2%
-26.8%
两年增速更快
CLW
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $360.3M |
| 净利润 | $-69.3M | $-12.8M |
| 毛利率 | — | -0.2% |
| 营业利润率 | -2.6% | — |
| 净利率 | -26.8% | -3.6% |
| 营收同比 | -6.0% | -4.7% |
| 净利润同比 | 44.2% | -103.2% |
| 每股收益（稀释后） | $-12.85 | — |
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AHTCLW
| Q1 26 | — | $360.3M | ||
| Q4 25 | $259.0M | $386.4M | ||
| Q3 25 | $266.1M | $399.0M | ||
| Q2 25 | $302.0M | $391.8M | ||
| Q1 25 | $277.4M | $378.2M | ||
| Q4 24 | $275.5M | $387.1M | ||
| Q3 24 | $276.6M | $393.3M | ||
| Q2 24 | $316.5M | $344.4M |
净利润AHTCLW
| Q1 26 | — | $-12.8M | ||
| Q4 25 | $-69.3M | $38.3M | ||
| Q3 25 | $-60.1M | $-53.3M | ||
| Q2 25 | $-30.4M | $2.7M | ||
| Q1 25 | $-20.0M | $-6.3M | ||
| Q4 24 | $-124.2M | $199.1M | ||
| Q3 24 | $-57.9M | $5.8M | ||
| Q2 24 | $50.3M | $-25.8M |
毛利率AHTCLW
| Q1 26 | — | -0.2% | ||
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | -0.6% |
营业利润率AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 1.9% | ||
| Q3 25 | 4.6% | -13.9% | ||
| Q2 25 | 16.3% | 2.5% | ||
| Q1 25 | 22.2% | -1.1% | ||
| Q4 24 | -17.8% | -4.0% | ||
| Q3 24 | 7.3% | -0.3% | ||
| Q2 24 | 42.8% | -13.6% |
净利率AHTCLW
| Q1 26 | — | -3.6% | ||
| Q4 25 | -26.8% | 9.9% | ||
| Q3 25 | -22.6% | -13.4% | ||
| Q2 25 | -10.1% | 0.7% | ||
| Q1 25 | -7.2% | -1.7% | ||
| Q4 24 | -45.1% | 51.4% | ||
| Q3 24 | -20.9% | 1.5% | ||
| Q2 24 | 15.9% | -7.5% |
每股收益（稀释后）AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | $-12.85 | $2.36 | ||
| Q3 25 | $-11.35 | $-3.30 | ||
| Q2 25 | $-6.88 | $0.17 | ||
| Q1 25 | $-4.91 | $-0.38 | ||
| Q4 24 | $-13.64 | $11.87 | ||
| Q3 24 | $-12.39 | $0.35 | ||
| Q2 24 | $2.50 | $-1.55 |
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 | $36.5M |
| 总债务越低越好 | $2.5B | $361.1M |
| 股东权益账面价值 | $-626.4M | $813.8M |
| 总资产 | $2.8B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资AHTCLW
| Q1 26 | — | $36.5M | ||
| Q4 25 | $66.1M | $30.7M | ||
| Q3 25 | $81.9M | $34.4M | ||
| Q2 25 | $100.0M | $46.7M | ||
| Q1 25 | $85.8M | $44.0M | ||
| Q4 24 | $112.9M | $79.6M | ||
| Q3 24 | $119.7M | $35.5M | ||
| Q2 24 | $121.8M | $39.6M |
总债务AHTCLW
| Q1 26 | — | $361.1M | ||
| Q4 25 | $2.5B | $346.8M | ||
| Q3 25 | $2.6B | $337.0M | ||
| Q2 25 | $2.6B | $330.1M | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $283.4M | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.1B |
股东权益AHTCLW
| Q1 26 | — | $813.8M | ||
| Q4 25 | $-626.4M | $825.3M | ||
| Q3 25 | $-548.7M | $783.0M | ||
| Q2 25 | $-485.5M | $836.8M | ||
| Q1 25 | $-446.1M | $836.6M | ||
| Q4 24 | $-419.2M | $854.6M | ||
| Q3 24 | $-288.4M | $664.6M | ||
| Q2 24 | $-225.9M | $658.6M |
总资产AHTCLW
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.3B | $2.5B | ||
| Q2 24 | $3.3B | $2.5B |
负债/权益比AHTCLW
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.74× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | — |
| 自由现金流率自由现金流/营收 | -33.5% | — |
| 资本支出强度资本支出/营收 | 27.5% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $5.0M | ||
| Q3 25 | $5.5M | $34.0M | ||
| Q2 25 | $16.3M | $-28.2M | ||
| Q1 25 | $-25.0M | $1.5M | ||
| Q4 24 | $-23.6M | $-35.1M | ||
| Q3 24 | $795.0K | $16.2M | ||
| Q2 24 | $8.0M | $21.1M |
自由现金流AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $-9.9M | ||
| Q3 25 | $-226.0K | $15.7M | ||
| Q2 25 | $-3.6M | $-51.1M | ||
| Q1 25 | $-44.8M | $-31.2M | ||
| Q4 24 | $-131.6M | $-68.1M | ||
| Q3 24 | $-21.8M | $-30.8M | ||
| Q2 24 | $-22.9M | $3.0M |
自由现金流率AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | -2.6% | ||
| Q3 25 | -0.1% | 3.9% | ||
| Q2 25 | -1.2% | -13.0% | ||
| Q1 25 | -16.2% | -8.2% | ||
| Q4 24 | -47.8% | -17.6% | ||
| Q3 24 | -7.9% | -7.8% | ||
| Q2 24 | -7.2% | 0.9% |
资本支出强度AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | 27.5% | 3.9% | ||
| Q3 25 | 2.1% | 4.6% | ||
| Q2 25 | 6.6% | 5.8% | ||
| Q1 25 | 7.2% | 8.6% | ||
| Q4 24 | 39.2% | 8.5% | ||
| Q3 24 | 8.2% | 12.0% | ||
| Q2 24 | 9.8% | 5.3% |
现金转化率AHTCLW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -10.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.18× | ||
| Q3 24 | — | 2.79× | ||
| Q2 24 | 0.16× | — |
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% |
CLW
暂无分部数据
