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ASHFORD HOSPITALITY TRUST INC（AHT）与Donnelley Financial Solutions, Inc.（DFIN）财务数据对比。点击上方公司名可切换其他公司
ASHFORD HOSPITALITY TRUST INC的季度营收约是Donnelley Financial Solutions, Inc.的1.5倍（$259.0M vs $172.5M），Donnelley Financial Solutions, Inc.净利率更高（3.6% vs -26.8%，领先30.4%），Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs -6.0%），Donnelley Financial Solutions, Inc.自由现金流更多（$47.9M vs $-86.8M），过去两年ASHFORD HOSPITALITY TRUST INC的营收复合增速更高（-7.7% vs -7.9%）
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。
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
AHT vs DFIN — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $172.5M |
| 净利润 | $-69.3M | $6.2M |
| 毛利率 | — | — |
| 营业利润率 | -2.6% | 8.3% |
| 净利率 | -26.8% | 3.6% |
| 营收同比 | -6.0% | 10.4% |
| 净利润同比 | 44.2% | -1.6% |
| 每股收益（稀释后） | $-12.85 | $0.31 |
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 | $172.5M | ||
| Q3 25 | $266.1M | $175.3M | ||
| Q2 25 | $302.0M | $218.1M | ||
| Q1 25 | $277.4M | $201.1M | ||
| Q4 24 | $275.5M | $156.3M | ||
| Q3 24 | $276.6M | $179.5M | ||
| Q2 24 | $316.5M | $242.7M | ||
| Q1 24 | $303.9M | $203.4M |
| Q4 25 | $-69.3M | $6.2M | ||
| Q3 25 | $-60.1M | $-40.9M | ||
| Q2 25 | $-30.4M | $36.1M | ||
| Q1 25 | $-20.0M | $31.0M | ||
| Q4 24 | $-124.2M | $6.3M | ||
| Q3 24 | $-57.9M | $8.7M | ||
| Q2 24 | $50.3M | $44.1M | ||
| Q1 24 | $71.6M | $33.3M |
| Q4 25 | -2.6% | 8.3% | ||
| Q3 25 | 4.6% | 16.1% | ||
| Q2 25 | 16.3% | 24.2% | ||
| Q1 25 | 22.2% | 22.8% | ||
| Q4 24 | -17.8% | 6.0% | ||
| Q3 24 | 7.3% | 10.1% | ||
| Q2 24 | 42.8% | 26.6% | ||
| Q1 24 | 50.2% | 21.9% |
| Q4 25 | -26.8% | 3.6% | ||
| Q3 25 | -22.6% | -23.3% | ||
| Q2 25 | -10.1% | 16.6% | ||
| Q1 25 | -7.2% | 15.4% | ||
| Q4 24 | -45.1% | 4.0% | ||
| Q3 24 | -20.9% | 4.8% | ||
| Q2 24 | 15.9% | 18.2% | ||
| Q1 24 | 23.5% | 16.4% |
| Q4 25 | $-12.85 | $0.31 | ||
| Q3 25 | $-11.35 | $-1.49 | ||
| Q2 25 | $-6.88 | $1.28 | ||
| Q1 25 | $-4.91 | $1.05 | ||
| Q4 24 | $-13.64 | $0.21 | ||
| Q3 24 | $-12.39 | $0.29 | ||
| Q2 24 | $2.50 | $1.47 | ||
| Q1 24 | $5.99 | $1.09 |
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 | $24.5M |
| 总债务越低越好 | $2.5B | $171.3M |
| 股东权益账面价值 | $-626.4M | $379.2M |
| 总资产 | $2.8B | $800.4M |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
| Q4 25 | $66.1M | $24.5M | ||
| Q3 25 | $81.9M | $22.7M | ||
| Q2 25 | $100.0M | $33.8M | ||
| Q1 25 | $85.8M | $16.2M | ||
| Q4 24 | $112.9M | $57.3M | ||
| Q3 24 | $119.7M | $33.6M | ||
| Q2 24 | $121.8M | $35.0M | ||
| Q1 24 | $111.1M | $43.7M |
| Q4 25 | $2.5B | $171.3M | ||
| Q3 25 | $2.6B | $154.7M | ||
| Q2 25 | $2.6B | $190.1M | ||
| Q1 25 | $2.7B | $189.5M | ||
| Q4 24 | $2.6B | $124.7M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $379.2M | ||
| Q3 25 | $-548.7M | $423.1M | ||
| Q2 25 | $-485.5M | $432.1M | ||
| Q1 25 | $-446.1M | $419.9M | ||
| Q4 24 | $-419.2M | $436.1M | ||
| Q3 24 | $-288.4M | $444.5M | ||
| Q2 24 | $-225.9M | $441.5M | ||
| Q1 24 | $-276.8M | $408.9M |
| Q4 25 | $2.8B | $800.4M | ||
| Q3 25 | $3.0B | $816.3M | ||
| Q2 25 | $3.1B | $874.7M | ||
| Q1 25 | $3.1B | $852.8M | ||
| Q4 24 | $3.2B | $841.6M | ||
| Q3 24 | $3.3B | $843.6M | ||
| Q2 24 | $3.3B | $882.9M | ||
| Q1 24 | $3.5B | $867.8M |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $59.8M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $47.9M |
| 自由现金流率自由现金流/营收 | -33.5% | 27.8% |
| 资本支出强度资本支出/营收 | 27.5% | 6.9% |
| 现金转化率经营现金流/净利润 | — | 9.65× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $107.8M |
8季度趋势，按日历期对齐
| Q4 25 | $-15.7M | $59.8M | ||
| Q3 25 | $5.5M | $74.4M | ||
| Q2 25 | $16.3M | $68.4M | ||
| Q1 25 | $-25.0M | $-37.7M | ||
| Q4 24 | $-23.6M | $56.4M | ||
| Q3 24 | $795.0K | $86.4M | ||
| Q2 24 | $8.0M | $56.2M | ||
| Q1 24 | $-46.5M | $-27.9M |
| Q4 25 | $-86.8M | $47.9M | ||
| Q3 25 | $-226.0K | $59.2M | ||
| Q2 25 | $-3.6M | $51.7M | ||
| Q1 25 | $-44.8M | $-51.0M | ||
| Q4 24 | $-131.6M | $41.3M | ||
| Q3 24 | $-21.8M | $67.3M | ||
| Q2 24 | $-22.9M | $36.8M | ||
| Q1 24 | $-80.4M | $-40.2M |
| Q4 25 | -33.5% | 27.8% | ||
| Q3 25 | -0.1% | 33.8% | ||
| Q2 25 | -1.2% | 23.7% | ||
| Q1 25 | -16.2% | -25.4% | ||
| Q4 24 | -47.8% | 26.4% | ||
| Q3 24 | -7.9% | 37.5% | ||
| Q2 24 | -7.2% | 15.2% | ||
| Q1 24 | -26.5% | -19.8% |
| Q4 25 | 27.5% | 6.9% | ||
| Q3 25 | 2.1% | 8.7% | ||
| Q2 25 | 6.6% | 7.7% | ||
| Q1 25 | 7.2% | 6.6% | ||
| Q4 24 | 39.2% | 9.7% | ||
| Q3 24 | 8.2% | 10.6% | ||
| Q2 24 | 9.8% | 8.0% | ||
| Q1 24 | 11.2% | 6.0% |
| Q4 25 | — | 9.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | -1.22× | ||
| Q4 24 | — | 8.95× | ||
| Q3 24 | — | 9.93× | ||
| Q2 24 | 0.16× | 1.27× | ||
| Q1 24 | -0.65× | -0.84× |
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% |
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
