vs
ASHFORD HOSPITALITY TRUST INC（AHT）与COMPASS MINERALS INTERNATIONAL INC（CMP）财务数据对比。点击上方公司名可切换其他公司
COMPASS MINERALS INTERNATIONAL INC的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.5倍（$396.1M vs $259.0M），COMPASS MINERALS INTERNATIONAL INC净利率更高（4.7% vs -26.8%，领先31.5%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -6.0%），COMPASS MINERALS INTERNATIONAL INC自由现金流更多（$-59.8M vs $-86.8M），过去两年COMPASS MINERALS INTERNATIONAL INC的营收复合增速更高（4.3% 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。
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
AHT vs CMP — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $396.1M |
| 净利润 | $-69.3M | $18.6M |
| 毛利率 | — | 16.0% |
| 营业利润率 | -2.6% | 9.2% |
| 净利率 | -26.8% | 4.7% |
| 营收同比 | -6.0% | 28.9% |
| 净利润同比 | 44.2% | 178.8% |
| 每股收益（稀释后） | $-12.85 | $0.43 |
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
| Q4 25 | $259.0M | $396.1M | ||
| Q3 25 | $266.1M | $227.5M | ||
| Q2 25 | $302.0M | $214.6M | ||
| Q1 25 | $277.4M | $494.6M | ||
| Q4 24 | $275.5M | $307.2M | ||
| Q3 24 | $276.6M | $208.8M | ||
| Q2 24 | $316.5M | $202.9M | ||
| Q1 24 | $303.9M | $364.0M |
| Q4 25 | $-69.3M | $18.6M | ||
| Q3 25 | $-60.1M | $-7.2M | ||
| Q2 25 | $-30.4M | $-17.0M | ||
| Q1 25 | $-20.0M | $-32.0M | ||
| Q4 24 | $-124.2M | $-23.6M | ||
| Q3 24 | $-57.9M | $-48.3M | ||
| Q2 24 | $50.3M | $-43.6M | ||
| Q1 24 | $71.6M | $-38.9M |
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 19.7% |
| Q4 25 | -2.6% | 9.2% | ||
| Q3 25 | 4.6% | 5.3% | ||
| Q2 25 | 16.3% | 7.4% | ||
| Q1 25 | 22.2% | -0.6% | ||
| Q4 24 | -17.8% | 0.2% | ||
| Q3 24 | 7.3% | -14.3% | ||
| Q2 24 | 42.8% | 2.9% | ||
| Q1 24 | 50.2% | -10.8% |
| Q4 25 | -26.8% | 4.7% | ||
| Q3 25 | -22.6% | -3.2% | ||
| Q2 25 | -10.1% | -7.9% | ||
| Q1 25 | -7.2% | -6.5% | ||
| Q4 24 | -45.1% | -7.7% | ||
| Q3 24 | -20.9% | -23.1% | ||
| Q2 24 | 15.9% | -21.5% | ||
| Q1 24 | 23.5% | -10.7% |
| Q4 25 | $-12.85 | $0.43 | ||
| Q3 25 | $-11.35 | — | ||
| Q2 25 | $-6.88 | $-0.41 | ||
| Q1 25 | $-4.91 | $-0.77 | ||
| Q4 24 | $-13.64 | $-0.57 | ||
| Q3 24 | $-12.39 | $-1.17 | ||
| Q2 24 | $2.50 | $-1.05 | ||
| Q1 24 | $5.99 | $-0.94 |
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 | $46.7M |
| 总债务越低越好 | $2.5B | $890.0M |
| 股东权益账面价值 | $-626.4M | $260.5M |
| 总资产 | $2.8B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 3.42× |
8季度趋势，按日历期对齐
| Q4 25 | $66.1M | $46.7M | ||
| Q3 25 | $81.9M | $59.7M | ||
| Q2 25 | $100.0M | $79.4M | ||
| Q1 25 | $85.8M | $49.5M | ||
| Q4 24 | $112.9M | $45.8M | ||
| Q3 24 | $119.7M | $20.2M | ||
| Q2 24 | $121.8M | $12.8M | ||
| Q1 24 | $111.1M | $38.3M |
| Q4 25 | $2.5B | $890.0M | ||
| Q3 25 | $2.6B | $839.8M | ||
| Q2 25 | $2.6B | $833.4M | ||
| Q1 25 | $2.7B | $807.6M | ||
| Q4 24 | $2.6B | $974.4M | ||
| Q3 24 | $2.7B | $921.2M | ||
| Q2 24 | $2.8B | $875.1M | ||
| Q1 24 | $2.9B | $877.2M |
| Q4 25 | $-626.4M | $260.5M | ||
| Q3 25 | $-548.7M | $234.1M | ||
| Q2 25 | $-485.5M | $249.8M | ||
| Q1 25 | $-446.1M | $236.5M | ||
| Q4 24 | $-419.2M | $263.0M | ||
| Q3 24 | $-288.4M | $316.6M | ||
| Q2 24 | $-225.9M | $352.1M | ||
| Q1 24 | $-276.8M | $400.4M |
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.3B | $1.6B | ||
| Q1 24 | $3.5B | $1.7B |
| Q4 25 | — | 3.42× | ||
| Q3 25 | — | 3.59× | ||
| Q2 25 | — | 3.34× | ||
| Q1 25 | — | 3.41× | ||
| Q4 24 | — | 3.70× | ||
| Q3 24 | — | 2.91× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.19× |
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 | $-37.0M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $-59.8M |
| 自由现金流率自由现金流/营收 | -33.5% | -15.1% |
| 资本支出强度资本支出/营收 | 27.5% | 5.8% |
| 现金转化率经营现金流/净利润 | — | -1.99× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $94.1M |
8季度趋势，按日历期对齐
| Q4 25 | $-15.7M | $-37.0M | ||
| Q3 25 | $5.5M | $-6.9M | ||
| Q2 25 | $16.3M | $21.8M | ||
| Q1 25 | $-25.0M | $186.9M | ||
| Q4 24 | $-23.6M | $-4.1M | ||
| Q3 24 | $795.0K | $-12.7M | ||
| Q2 24 | $8.0M | $-6.8M | ||
| Q1 24 | $-46.5M | $86.2M |
| Q4 25 | $-86.8M | $-59.8M | ||
| Q3 25 | $-226.0K | $-22.8M | ||
| Q2 25 | $-3.6M | $3.8M | ||
| Q1 25 | $-44.8M | $172.9M | ||
| Q4 24 | $-131.6M | $-25.9M | ||
| Q3 24 | $-21.8M | $-33.6M | ||
| Q2 24 | $-22.9M | $-21.5M | ||
| Q1 24 | $-80.4M | $56.2M |
| Q4 25 | -33.5% | -15.1% | ||
| Q3 25 | -0.1% | -10.0% | ||
| Q2 25 | -1.2% | 1.8% | ||
| Q1 25 | -16.2% | 35.0% | ||
| Q4 24 | -47.8% | -8.4% | ||
| Q3 24 | -7.9% | -16.1% | ||
| Q2 24 | -7.2% | -10.6% | ||
| Q1 24 | -26.5% | 15.4% |
| Q4 25 | 27.5% | 5.8% | ||
| Q3 25 | 2.1% | 7.0% | ||
| Q2 25 | 6.6% | 8.4% | ||
| Q1 25 | 7.2% | 2.8% | ||
| Q4 24 | 39.2% | 7.1% | ||
| Q3 24 | 8.2% | 10.0% | ||
| Q2 24 | 9.8% | 7.2% | ||
| Q1 24 | 11.2% | 8.2% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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% |
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
