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ASHFORD HOSPITALITY TRUST INC（AHT）与DigitalOcean Holdings, Inc.（DOCN）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DigitalOcean Holdings, Inc.的1.1倍（$259.0M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs -26.8%，领先37.4%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -6.0%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-86.8M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% 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。
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
AHT vs DOCN — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $242.4M |
| 净利润 | $-69.3M | $25.7M |
| 毛利率 | — | 58.7% |
| 营业利润率 | -2.6% | 16.0% |
| 净利率 | -26.8% | 10.6% |
| 营收同比 | -6.0% | 18.3% |
| 净利润同比 | 44.2% | 40.5% |
| 每股收益（稀释后） | $-12.85 | $0.23 |
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 | $242.4M | ||
| Q3 25 | $266.1M | $229.6M | ||
| Q2 25 | $302.0M | $218.7M | ||
| Q1 25 | $277.4M | $210.7M | ||
| Q4 24 | $275.5M | $204.9M | ||
| Q3 24 | $276.6M | $198.5M | ||
| Q2 24 | $316.5M | $192.5M | ||
| Q1 24 | $303.9M | $184.7M |
| Q4 25 | $-69.3M | $25.7M | ||
| Q3 25 | $-60.1M | $158.4M | ||
| Q2 25 | $-30.4M | $37.0M | ||
| Q1 25 | $-20.0M | $38.2M | ||
| Q4 24 | $-124.2M | $18.3M | ||
| Q3 24 | $-57.9M | $32.9M | ||
| Q2 24 | $50.3M | $19.1M | ||
| Q1 24 | $71.6M | $14.1M |
| Q4 25 | — | 58.7% | ||
| Q3 25 | — | 59.6% | ||
| Q2 25 | — | 59.9% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 57.1% | ||
| Q3 24 | — | 60.2% | ||
| Q2 24 | — | 61.0% | ||
| Q1 24 | — | 60.7% |
| Q4 25 | -2.6% | 16.0% | ||
| Q3 25 | 4.6% | 19.6% | ||
| Q2 25 | 16.3% | 16.3% | ||
| Q1 25 | 22.2% | 17.9% | ||
| Q4 24 | -17.8% | 15.9% | ||
| Q3 24 | 7.3% | 12.4% | ||
| Q2 24 | 42.8% | 11.6% | ||
| Q1 24 | 50.2% | 6.2% |
| Q4 25 | -26.8% | 10.6% | ||
| Q3 25 | -22.6% | 69.0% | ||
| Q2 25 | -10.1% | 16.9% | ||
| Q1 25 | -7.2% | 18.1% | ||
| Q4 24 | -45.1% | 8.9% | ||
| Q3 24 | -20.9% | 16.6% | ||
| Q2 24 | 15.9% | 9.9% | ||
| Q1 24 | 23.5% | 7.7% |
| Q4 25 | $-12.85 | $0.23 | ||
| Q3 25 | $-11.35 | $1.51 | ||
| Q2 25 | $-6.88 | $0.39 | ||
| Q1 25 | $-4.91 | $0.39 | ||
| Q4 24 | $-13.64 | $0.21 | ||
| Q3 24 | $-12.39 | $0.33 | ||
| Q2 24 | $2.50 | $0.20 | ||
| Q1 24 | $5.99 | $0.15 |
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 | $254.5M |
| 总债务越低越好 | $2.5B | $1.3B |
| 股东权益账面价值 | $-626.4M | $-28.7M |
| 总资产 | $2.8B | $1.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $66.1M | $254.5M | ||
| Q3 25 | $81.9M | $236.6M | ||
| Q2 25 | $100.0M | $387.7M | ||
| Q1 25 | $85.8M | $360.4M | ||
| Q4 24 | $112.9M | $428.4M | ||
| Q3 24 | $119.7M | $439.9M | ||
| Q2 24 | $121.8M | $443.1M | ||
| Q1 24 | $111.1M | $419.1M |
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $-28.7M | ||
| Q3 25 | $-548.7M | $-69.6M | ||
| Q2 25 | $-485.5M | $-175.2M | ||
| Q1 25 | $-446.1M | $-210.7M | ||
| Q4 24 | $-419.2M | $-203.0M | ||
| Q3 24 | $-288.4M | $-211.7M | ||
| Q2 24 | $-225.9M | $-253.8M | ||
| Q1 24 | $-276.8M | $-286.1M |
| Q4 25 | $2.8B | $1.8B | ||
| Q3 25 | $3.0B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.3B | $1.5B | ||
| Q1 24 | $3.5B | $1.5B |
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 | $57.3M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $31.1M |
| 自由现金流率自由现金流/营收 | -33.5% | 12.8% |
| 资本支出强度资本支出/营收 | 27.5% | 10.8% |
| 现金转化率经营现金流/净利润 | — | 2.23× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $180.5M |
8季度趋势，按日历期对齐
| Q4 25 | $-15.7M | $57.3M | ||
| Q3 25 | $5.5M | $95.8M | ||
| Q2 25 | $16.3M | $92.4M | ||
| Q1 25 | $-25.0M | $64.1M | ||
| Q4 24 | $-23.6M | $71.3M | ||
| Q3 24 | $795.0K | $73.4M | ||
| Q2 24 | $8.0M | $71.3M | ||
| Q1 24 | $-46.5M | $66.7M |
| Q4 25 | $-86.8M | $31.1M | ||
| Q3 25 | $-226.0K | $88.0M | ||
| Q2 25 | $-3.6M | $59.3M | ||
| Q1 25 | $-44.8M | $2.1M | ||
| Q4 24 | $-131.6M | $26.1M | ||
| Q3 24 | $-21.8M | $16.0M | ||
| Q2 24 | $-22.9M | $39.5M | ||
| Q1 24 | $-80.4M | $23.0M |
| Q4 25 | -33.5% | 12.8% | ||
| Q3 25 | -0.1% | 38.3% | ||
| Q2 25 | -1.2% | 27.1% | ||
| Q1 25 | -16.2% | 1.0% | ||
| Q4 24 | -47.8% | 12.7% | ||
| Q3 24 | -7.9% | 8.1% | ||
| Q2 24 | -7.2% | 20.5% | ||
| Q1 24 | -26.5% | 12.5% |
| Q4 25 | 27.5% | 10.8% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 6.6% | 15.2% | ||
| Q1 25 | 7.2% | 29.4% | ||
| Q4 24 | 39.2% | 22.1% | ||
| Q3 24 | 8.2% | 28.9% | ||
| Q2 24 | 9.8% | 16.6% | ||
| Q1 24 | 11.2% | 23.6% |
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 2.50× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 0.16× | 3.73× | ||
| Q1 24 | -0.65× | 4.72× |
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% |
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
