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ASHFORD HOSPITALITY TRUST INC（AHT）与Custom Truck One Source, Inc.（CTOS）财务数据对比。点击上方公司名可切换其他公司
Custom Truck One Source, Inc.的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.6倍（$422.2M vs $259.0M），Custom Truck One Source, Inc.净利率更高（-4.2% vs -26.8%，领先22.6%），ASHFORD HOSPITALITY TRUST INC同比增速更快（-6.0% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% 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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
AHT vs CTOS — 直观对比
营收规模更大
CTOS
是对方的1.6倍
$259.0M
营收增速更快
AHT
高出2.5%
-8.5%
净利率更高
CTOS
高出22.6%
-26.8%
两年增速更快
CTOS
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $422.2M |
| 净利润 | $-69.3M | $-17.8M |
| 毛利率 | — | 20.3% |
| 营业利润率 | -2.6% | 2.9% |
| 净利率 | -26.8% | -4.2% |
| 营收同比 | -6.0% | -8.5% |
| 净利润同比 | 44.2% | -333.7% |
| 每股收益（稀释后） | $-12.85 | $-0.08 |
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AHTCTOS
| Q1 26 | — | $422.2M | ||
| Q4 25 | $259.0M | $387.3M | ||
| Q3 25 | $266.1M | $359.9M | ||
| Q2 25 | $302.0M | $392.2M | ||
| Q1 25 | $277.4M | $307.1M | ||
| Q4 24 | $275.5M | $398.3M | ||
| Q3 24 | $276.6M | $337.5M | ||
| Q2 24 | $316.5M | $320.6M |
净利润AHTCTOS
| Q1 26 | — | $-17.8M | ||
| Q4 25 | $-69.3M | $20.9M | ||
| Q3 25 | $-60.1M | $-5.8M | ||
| Q2 25 | $-30.4M | $-28.4M | ||
| Q1 25 | $-20.0M | $-17.8M | ||
| Q4 24 | $-124.2M | $27.6M | ||
| Q3 24 | $-57.9M | $-17.4M | ||
| Q2 24 | $50.3M | $-24.5M |
毛利率AHTCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 26.1% | ||
| Q1 25 | — | 27.9% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 27.8% |
营业利润率AHTCTOS
| Q1 26 | — | 2.9% | ||
| Q4 25 | -2.6% | 13.4% | ||
| Q3 25 | 4.6% | 9.1% | ||
| Q2 25 | 16.3% | 7.1% | ||
| Q1 25 | 22.2% | 4.0% | ||
| Q4 24 | -17.8% | 16.9% | ||
| Q3 24 | 7.3% | 6.8% | ||
| Q2 24 | 42.8% | 5.5% |
净利率AHTCTOS
| Q1 26 | — | -4.2% | ||
| Q4 25 | -26.8% | 5.4% | ||
| Q3 25 | -22.6% | -1.6% | ||
| Q2 25 | -10.1% | -7.2% | ||
| Q1 25 | -7.2% | -5.8% | ||
| Q4 24 | -45.1% | 6.9% | ||
| Q3 24 | -20.9% | -5.2% | ||
| Q2 24 | 15.9% | -7.6% |
每股收益（稀释后）AHTCTOS
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $-12.85 | $0.10 | ||
| Q3 25 | $-11.35 | $-0.03 | ||
| Q2 25 | $-6.88 | $-0.13 | ||
| Q1 25 | $-4.91 | $-0.08 | ||
| Q4 24 | $-13.64 | $0.11 | ||
| Q3 24 | $-12.39 | $-0.07 | ||
| Q2 24 | $2.50 | $-0.10 |
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 | $6.3M |
| 总债务越低越好 | $2.5B | $25.9M |
| 股东权益账面价值 | $-626.4M | $809.1M |
| 总资产 | $2.8B | $3.4B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资AHTCTOS
| Q1 26 | — | $6.3M | ||
| Q4 25 | $66.1M | $6.3M | ||
| Q3 25 | $81.9M | $13.1M | ||
| Q2 25 | $100.0M | $5.3M | ||
| Q1 25 | $85.8M | $5.4M | ||
| Q4 24 | $112.9M | $3.8M | ||
| Q3 24 | $119.7M | $8.4M | ||
| Q2 24 | $121.8M | $8.1M |
总债务AHTCTOS
| Q1 26 | — | $25.9M | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.7B | $1.6B | ||
| Q2 24 | $2.8B | $1.5B |
股东权益AHTCTOS
| Q1 26 | — | $809.1M | ||
| Q4 25 | $-626.4M | $809.1M | ||
| Q3 25 | $-548.7M | $784.7M | ||
| Q2 25 | $-485.5M | $790.1M | ||
| Q1 25 | $-446.1M | $813.4M | ||
| Q4 24 | $-419.2M | $861.3M | ||
| Q3 24 | $-288.4M | $837.5M | ||
| Q2 24 | $-225.9M | $856.7M |
总资产AHTCTOS
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.8B | $3.4B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $3.1B | $3.6B | ||
| Q1 25 | $3.1B | $3.5B | ||
| Q4 24 | $3.2B | $3.5B | ||
| Q3 24 | $3.3B | $3.6B | ||
| Q2 24 | $3.3B | $3.5B |
负债/权益比AHTCTOS
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 2.03× | ||
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | 2.04× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.79× |
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AHTCTOS
| Q1 26 | — | — | ||
| Q4 25 | $-15.7M | $47.3M | ||
| Q3 25 | $5.5M | $81.5M | ||
| Q2 25 | $16.3M | $125.7M | ||
| Q1 25 | $-25.0M | $55.6M | ||
| Q4 24 | $-23.6M | $82.1M | ||
| Q3 24 | $795.0K | $16.5M | ||
| Q2 24 | $8.0M | $37.8M |
自由现金流AHTCTOS
| Q1 26 | — | — | ||
| 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AHTCTOS
| Q1 26 | — | — | ||
| 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AHTCTOS
| Q1 26 | — | — | ||
| 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AHTCTOS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | — | ||
| 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% |
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
