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ASHFORD HOSPITALITY TRUST INC（AHT）与EverCommerce Inc.（EVCM）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EverCommerce Inc.的1.7倍（$259.0M vs $151.2M），EverCommerce Inc.净利率更高（4.0% vs -26.8%，领先30.8%），EverCommerce Inc.同比增速更快（5.2% vs -6.0%），EverCommerce Inc.自由现金流更多（$21.0M vs $-86.8M），过去两年EverCommerce Inc.的营收复合增速更高（4.7% 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。
EverCommerce Inc.是面向服务类中小企业的领先集成SaaS解决方案提供商，核心市场覆盖北美及部分全球区域，产品线包含业务管理、支付处理、客户互动、营销工具等，服务家庭服务、健康康养、健身等多个细分领域。
AHT vs EVCM — 直观对比
营收规模更大
AHT
是对方的1.7倍
$151.2M
营收增速更快
EVCM
高出11.2%
-6.0%
净利率更高
EVCM
高出30.8%
-26.8%
自由现金流更多
EVCM
多$107.8M
$-86.8M
两年增速更快
EVCM
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $151.2M |
| 净利润 | $-69.3M | $6.0M |
| 毛利率 | — | — |
| 营业利润率 | -2.6% | 8.8% |
| 净利率 | -26.8% | 4.0% |
| 营收同比 | -6.0% | 5.2% |
| 净利润同比 | 44.2% | 149.4% |
| 每股收益（稀释后） | $-12.85 | $0.04 |
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AHTEVCM
| Q4 25 | $259.0M | $151.2M | ||
| Q3 25 | $266.1M | $147.5M | ||
| Q2 25 | $302.0M | $148.0M | ||
| Q1 25 | $277.4M | $142.3M | ||
| Q4 24 | $275.5M | $143.7M | ||
| Q3 24 | $276.6M | $140.1M | ||
| Q2 24 | $316.5M | $140.5M | ||
| Q1 24 | $303.9M | $137.9M |
净利润AHTEVCM
| Q4 25 | $-69.3M | $6.0M | ||
| Q3 25 | $-60.1M | $11.1M | ||
| Q2 25 | $-30.4M | $8.2M | ||
| Q1 25 | $-20.0M | $-7.7M | ||
| Q4 24 | $-124.2M | $-12.2M | ||
| Q3 24 | $-57.9M | $-9.2M | ||
| Q2 24 | $50.3M | $-3.4M | ||
| Q1 24 | $71.6M | $-16.3M |
营业利润率AHTEVCM
| Q4 25 | -2.6% | 8.8% | ||
| Q3 25 | 4.6% | 10.8% | ||
| Q2 25 | 16.3% | 10.7% | ||
| Q1 25 | 22.2% | 10.0% | ||
| Q4 24 | -17.8% | 8.8% | ||
| Q3 24 | 7.3% | 7.2% | ||
| Q2 24 | 42.8% | 5.5% | ||
| Q1 24 | 50.2% | -3.1% |
净利率AHTEVCM
| Q4 25 | -26.8% | 4.0% | ||
| Q3 25 | -22.6% | 7.5% | ||
| Q2 25 | -10.1% | 5.5% | ||
| Q1 25 | -7.2% | -5.4% | ||
| Q4 24 | -45.1% | -8.5% | ||
| Q3 24 | -20.9% | -6.5% | ||
| Q2 24 | 15.9% | -2.4% | ||
| Q1 24 | 23.5% | -11.8% |
每股收益（稀释后）AHTEVCM
| Q4 25 | $-12.85 | $0.04 | ||
| Q3 25 | $-11.35 | $0.06 | ||
| Q2 25 | $-6.88 | $0.04 | ||
| Q1 25 | $-4.91 | $-0.04 | ||
| Q4 24 | $-13.64 | $-0.06 | ||
| Q3 24 | $-12.39 | $-0.05 | ||
| Q2 24 | $2.50 | $-0.02 | ||
| Q1 24 | $5.99 | $-0.09 |
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 | $129.7M |
| 总债务越低越好 | $2.5B | $523.4M |
| 股东权益账面价值 | $-626.4M | $716.9M |
| 总资产 | $2.8B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资AHTEVCM
| Q4 25 | $66.1M | $129.7M | ||
| Q3 25 | $81.9M | $106.9M | ||
| Q2 25 | $100.0M | $151.1M | ||
| Q1 25 | $85.8M | $148.4M | ||
| Q4 24 | $112.9M | $135.8M | ||
| Q3 24 | $119.7M | $101.6M | ||
| Q2 24 | $121.8M | $86.7M | ||
| Q1 24 | $111.1M | $90.0M |
总债务AHTEVCM
| Q4 25 | $2.5B | $523.4M | ||
| Q3 25 | $2.6B | $524.6M | ||
| Q2 25 | $2.6B | $525.8M | ||
| Q1 25 | $2.7B | $526.9M | ||
| Q4 24 | $2.6B | $527.9M | ||
| Q3 24 | $2.7B | $529.0M | ||
| Q2 24 | $2.8B | $530.1M | ||
| Q1 24 | $2.9B | $531.1M |
股东权益AHTEVCM
| Q4 25 | $-626.4M | $716.9M | ||
| Q3 25 | $-548.7M | $728.5M | ||
| Q2 25 | $-485.5M | $744.0M | ||
| Q1 25 | $-446.1M | $739.6M | ||
| Q4 24 | $-419.2M | $750.8M | ||
| Q3 24 | $-288.4M | $770.7M | ||
| Q2 24 | $-225.9M | $784.1M | ||
| Q1 24 | $-276.8M | $800.7M |
总资产AHTEVCM
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.3B | $1.5B | ||
| Q1 24 | $3.5B | $1.5B |
负债/权益比AHTEVCM
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.66× |
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 | $21.3M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $21.0M |
| 自由现金流率自由现金流/营收 | -33.5% | 13.9% |
| 资本支出强度资本支出/营收 | 27.5% | 0.2% |
| 现金转化率经营现金流/净利润 | — | 3.52× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $109.2M |
8季度趋势，按日历期对齐
经营现金流AHTEVCM
| Q4 25 | $-15.7M | $21.3M | ||
| Q3 25 | $5.5M | $32.5M | ||
| Q2 25 | $16.3M | $27.0M | ||
| Q1 25 | $-25.0M | $30.7M | ||
| Q4 24 | $-23.6M | $48.4M | ||
| Q3 24 | $795.0K | $27.5M | ||
| Q2 24 | $8.0M | $23.9M | ||
| Q1 24 | $-46.5M | $13.3M |
自由现金流AHTEVCM
| Q4 25 | $-86.8M | $21.0M | ||
| Q3 25 | $-226.0K | $31.6M | ||
| Q2 25 | $-3.6M | $26.5M | ||
| Q1 25 | $-44.8M | $30.2M | ||
| Q4 24 | $-131.6M | $48.2M | ||
| Q3 24 | $-21.8M | $27.4M | ||
| Q2 24 | $-22.9M | $23.3M | ||
| Q1 24 | $-80.4M | $12.9M |
自由现金流率AHTEVCM
| Q4 25 | -33.5% | 13.9% | ||
| Q3 25 | -0.1% | 21.4% | ||
| Q2 25 | -1.2% | 17.9% | ||
| Q1 25 | -16.2% | 21.2% | ||
| Q4 24 | -47.8% | 33.5% | ||
| Q3 24 | -7.9% | 19.5% | ||
| Q2 24 | -7.2% | 16.6% | ||
| Q1 24 | -26.5% | 9.4% |
资本支出强度AHTEVCM
| Q4 25 | 27.5% | 0.2% | ||
| Q3 25 | 2.1% | 0.6% | ||
| Q2 25 | 6.6% | 0.3% | ||
| Q1 25 | 7.2% | 0.3% | ||
| Q4 24 | 39.2% | 0.2% | ||
| Q3 24 | 8.2% | 0.1% | ||
| Q2 24 | 9.8% | 0.5% | ||
| Q1 24 | 11.2% | 0.3% |
现金转化率AHTEVCM
| Q4 25 | — | 3.52× | ||
| Q3 25 | — | 2.93× | ||
| Q2 25 | — | 3.31× | ||
| 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% |
EVCM
| Transferred Over Time | $146.4M | 97% |
| Transferred At Point In Time | $4.8M | 3% |
