vs
ASHFORD HOSPITALITY TRUST INC（AHT）与Essex Property Trust（ESS）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.9倍（$479.6M vs $259.0M），Essex Property Trust净利率更高（17.9% vs -26.8%，领先44.6%），Essex Property Trust同比增速更快（5.5% vs -6.0%），过去两年Essex Property Trust的营收复合增速更高（6.0% 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。
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
AHT vs ESS — 直观对比
营收规模更大
ESS
是对方的1.9倍
$259.0M
营收增速更快
ESS
高出11.5%
-6.0%
净利率更高
ESS
高出44.6%
-26.8%
两年增速更快
ESS
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $479.6M |
| 净利润 | $-69.3M | $85.7M |
| 毛利率 | — | 70.0% |
| 营业利润率 | -2.6% | 31.7% |
| 净利率 | -26.8% | 17.9% |
| 营收同比 | -6.0% | 5.5% |
| 净利润同比 | 44.2% | -71.6% |
| 每股收益（稀释后） | $-12.85 | $1.24 |
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AHTESS
| Q4 25 | $259.0M | $479.6M | ||
| Q3 25 | $266.1M | $473.3M | ||
| Q2 25 | $302.0M | $469.8M | ||
| Q1 25 | $277.4M | $464.6M | ||
| Q4 24 | $275.5M | $454.5M | ||
| Q3 24 | $276.6M | $450.7M | ||
| Q2 24 | $316.5M | $442.4M | ||
| Q1 24 | $303.9M | $426.9M |
净利润AHTESS
| Q4 25 | $-69.3M | $85.7M | ||
| Q3 25 | $-60.1M | $172.7M | ||
| Q2 25 | $-30.4M | $231.5M | ||
| Q1 25 | $-20.0M | $212.8M | ||
| Q4 24 | $-124.2M | $301.7M | ||
| Q3 24 | $-57.9M | $125.5M | ||
| Q2 24 | $50.3M | $99.0M | ||
| Q1 24 | $71.6M | $285.1M |
毛利率AHTESS
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% | ||
| Q1 24 | — | 69.7% |
营业利润率AHTESS
| Q4 25 | -2.6% | 31.7% | ||
| Q3 25 | 4.6% | 44.5% | ||
| Q2 25 | 16.3% | 59.5% | ||
| Q1 25 | 22.2% | 55.3% | ||
| Q4 24 | -17.8% | 67.0% | ||
| Q3 24 | 7.3% | 28.6% | ||
| Q2 24 | 42.8% | 31.1% | ||
| Q1 24 | 50.2% | 31.0% |
净利率AHTESS
| Q4 25 | -26.8% | 17.9% | ||
| Q3 25 | -22.6% | 36.5% | ||
| Q2 25 | -10.1% | 49.3% | ||
| Q1 25 | -7.2% | 45.8% | ||
| Q4 24 | -45.1% | 66.4% | ||
| Q3 24 | -20.9% | 27.8% | ||
| Q2 24 | 15.9% | 22.4% | ||
| Q1 24 | 23.5% | 66.8% |
每股收益（稀释后）AHTESS
| Q4 25 | $-12.85 | $1.24 | ||
| Q3 25 | $-11.35 | $2.56 | ||
| Q2 25 | $-6.88 | $3.44 | ||
| Q1 25 | $-4.91 | $3.16 | ||
| Q4 24 | $-13.64 | $4.00 | ||
| Q3 24 | $-12.39 | $1.84 | ||
| Q2 24 | $2.50 | $1.45 | ||
| Q1 24 | $5.99 | $4.25 |
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 | $76.2M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $5.5B |
| 总资产 | $2.8B | $13.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AHTESS
| Q4 25 | $66.1M | $76.2M | ||
| Q3 25 | $81.9M | $66.0M | ||
| Q2 25 | $100.0M | $58.7M | ||
| Q1 25 | $85.8M | $98.7M | ||
| Q4 24 | $112.9M | $66.8M | ||
| Q3 24 | $119.7M | $71.3M | ||
| Q2 24 | $121.8M | $55.2M | ||
| Q1 24 | $111.1M | $499.0M |
总债务AHTESS
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $6.4B | ||
| Q2 25 | $2.6B | $6.4B | ||
| Q1 25 | $2.7B | $6.8B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | $6.4B | ||
| Q2 24 | $2.8B | $6.2B | ||
| Q1 24 | $2.9B | $6.6B |
股东权益AHTESS
| Q4 25 | $-626.4M | $5.5B | ||
| Q3 25 | $-548.7M | $5.6B | ||
| Q2 25 | $-485.5M | $5.6B | ||
| Q1 25 | $-446.1M | $5.6B | ||
| Q4 24 | $-419.2M | $5.5B | ||
| Q3 24 | $-288.4M | $5.4B | ||
| Q2 24 | $-225.9M | $5.5B | ||
| Q1 24 | $-276.8M | $5.5B |
总资产AHTESS
| Q4 25 | $2.8B | $13.2B | ||
| Q3 25 | $3.0B | $13.2B | ||
| Q2 25 | $3.1B | $13.2B | ||
| Q1 25 | $3.1B | $13.2B | ||
| Q4 24 | $3.2B | $12.9B | ||
| Q3 24 | $3.3B | $12.6B | ||
| Q2 24 | $3.3B | $12.5B | ||
| Q1 24 | $3.5B | $12.9B |
负债/权益比AHTESS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $1.1B |
| 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 | — | 12.53× |
| 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AHTESS
| Q4 25 | $-15.7M | $1.1B | ||
| Q3 25 | $5.5M | $342.6M | ||
| Q2 25 | $16.3M | $216.1M | ||
| Q1 25 | $-25.0M | $281.5M | ||
| Q4 24 | $-23.6M | $1.1B | ||
| Q3 24 | $795.0K | $316.2M | ||
| Q2 24 | $8.0M | $218.9M | ||
| Q1 24 | $-46.5M | $314.9M |
自由现金流AHTESS
| 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 | — | ||
| Q1 24 | $-80.4M | — |
自由现金流率AHTESS
| 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% | — | ||
| Q1 24 | -26.5% | — |
资本支出强度AHTESS
| 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% | — | ||
| Q1 24 | 11.2% | — |
现金转化率AHTESS
| Q4 25 | — | 12.53× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | 0.16× | 2.21× | ||
| Q1 24 | -0.65× | 1.10× |
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% |
ESS
暂无分部数据
