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ASHFORD HOSPITALITY TRUST INC（AHT）与FIRST ADVANTAGE CORP（FA）财务数据对比。点击上方公司名可切换其他公司
FIRST ADVANTAGE CORP的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.6倍（$420.0M vs $259.0M），FIRST ADVANTAGE CORP净利率更高（0.8% vs -26.8%，领先27.6%），FIRST ADVANTAGE CORP同比增速更快（36.8% vs -6.0%），FIRST ADVANTAGE CORP自由现金流更多（$62.2M vs $-86.8M），过去两年FIRST ADVANTAGE CORP的营收复合增速更高（57.5% 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。
First Advantage是全球领先的劳动力筛查与背景验证服务提供商，服务覆盖科技、医疗、金融、零售、制造等多个行业的各规模客户，助力企业管控雇佣风险、满足合规要求，打造安全可信的工作环境。
AHT vs FA — 直观对比
营收规模更大
FA
是对方的1.6倍
$259.0M
营收增速更快
FA
高出42.8%
-6.0%
净利率更高
FA
高出27.6%
-26.8%
自由现金流更多
FA
多$149.0M
$-86.8M
两年增速更快
FA
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $420.0M |
| 净利润 | $-69.3M | $3.5M |
| 毛利率 | — | — |
| 营业利润率 | -2.6% | 10.7% |
| 净利率 | -26.8% | 0.8% |
| 营收同比 | -6.0% | 36.8% |
| 净利润同比 | 44.2% | 103.5% |
| 每股收益（稀释后） | $-12.85 | $0.03 |
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AHTFA
| Q4 25 | $259.0M | $420.0M | ||
| Q3 25 | $266.1M | $409.2M | ||
| Q2 25 | $302.0M | $390.6M | ||
| Q1 25 | $277.4M | $354.6M | ||
| Q4 24 | $275.5M | $307.1M | ||
| Q3 24 | $276.6M | $199.1M | ||
| Q2 24 | $316.5M | $184.5M | ||
| Q1 24 | $303.9M | $169.4M |
净利润AHTFA
| Q4 25 | $-69.3M | $3.5M | ||
| Q3 25 | $-60.1M | $2.6M | ||
| Q2 25 | $-30.4M | $308.0K | ||
| Q1 25 | $-20.0M | $-41.2M | ||
| Q4 24 | $-124.2M | $-100.4M | ||
| Q3 24 | $-57.9M | $-8.9M | ||
| Q2 24 | $50.3M | $1.9M | ||
| Q1 24 | $71.6M | $-2.9M |
营业利润率AHTFA
| Q4 25 | -2.6% | 10.7% | ||
| Q3 25 | 4.6% | 10.3% | ||
| Q2 25 | 16.3% | 9.7% | ||
| Q1 25 | 22.2% | 2.1% | ||
| Q4 24 | -17.8% | -26.3% | ||
| Q3 24 | 7.3% | 4.6% | ||
| Q2 24 | 42.8% | 5.4% | ||
| Q1 24 | 50.2% | -0.4% |
净利率AHTFA
| Q4 25 | -26.8% | 0.8% | ||
| Q3 25 | -22.6% | 0.6% | ||
| Q2 25 | -10.1% | 0.1% | ||
| Q1 25 | -7.2% | -11.6% | ||
| Q4 24 | -45.1% | -32.7% | ||
| Q3 24 | -20.9% | -4.4% | ||
| Q2 24 | 15.9% | 1.0% | ||
| Q1 24 | 23.5% | -1.7% |
每股收益（稀释后）AHTFA
| Q4 25 | $-12.85 | $0.03 | ||
| Q3 25 | $-11.35 | $0.01 | ||
| Q2 25 | $-6.88 | $0.00 | ||
| Q1 25 | $-4.91 | $-0.24 | ||
| Q4 24 | $-13.64 | $-0.67 | ||
| Q3 24 | $-12.39 | $-0.06 | ||
| Q2 24 | $2.50 | $0.01 | ||
| Q1 24 | $5.99 | $-0.02 |
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 | $240.0M |
| 总债务越低越好 | $2.5B | $2.1B |
| 股东权益账面价值 | $-626.4M | $1.3B |
| 总资产 | $2.8B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.61× |
8季度趋势，按日历期对齐
现金及短期投资AHTFA
| Q4 25 | $66.1M | $240.0M | ||
| Q3 25 | $81.9M | $216.8M | ||
| Q2 25 | $100.0M | $184.3M | ||
| Q1 25 | $85.8M | $172.0M | ||
| Q4 24 | $112.9M | $168.7M | ||
| Q3 24 | $119.7M | $307.4M | ||
| Q2 24 | $121.8M | $269.6M | ||
| Q1 24 | $111.1M | $246.0M |
总债务AHTFA
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
股东权益AHTFA
| Q4 25 | $-626.4M | $1.3B | ||
| Q3 25 | $-548.7M | $1.3B | ||
| Q2 25 | $-485.5M | $1.3B | ||
| Q1 25 | $-446.1M | $1.3B | ||
| Q4 24 | $-419.2M | $1.3B | ||
| Q3 24 | $-288.4M | $920.7M | ||
| Q2 24 | $-225.9M | $913.3M | ||
| Q1 24 | $-276.8M | $907.7M |
总资产AHTFA
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $3.0B | $3.9B | ||
| Q2 25 | $3.1B | $3.9B | ||
| Q1 25 | $3.1B | $3.9B | ||
| Q4 24 | $3.2B | $3.9B | ||
| Q3 24 | $3.3B | $1.7B | ||
| Q2 24 | $3.3B | $1.6B | ||
| Q1 24 | $3.5B | $1.6B |
负债/权益比AHTFA
| Q4 25 | — | 1.61× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.66× | ||
| 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 | $65.9M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $62.2M |
| 自由现金流率自由现金流/营收 | -33.5% | 14.8% |
| 资本支出强度资本支出/营收 | 27.5% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 19.01× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $188.5M |
8季度趋势，按日历期对齐
经营现金流AHTFA
| Q4 25 | $-15.7M | $65.9M | ||
| Q3 25 | $5.5M | $72.4M | ||
| Q2 25 | $16.3M | $37.3M | ||
| Q1 25 | $-25.0M | $19.5M | ||
| Q4 24 | $-23.6M | $-85.7M | ||
| Q3 24 | $795.0K | $43.5M | ||
| Q2 24 | $8.0M | $32.0M | ||
| Q1 24 | $-46.5M | $38.3M |
自由现金流AHTFA
| Q4 25 | $-86.8M | $62.2M | ||
| Q3 25 | $-226.0K | $71.2M | ||
| Q2 25 | $-3.6M | $36.1M | ||
| Q1 25 | $-44.8M | $19.0M | ||
| Q4 24 | $-131.6M | $-86.0M | ||
| Q3 24 | $-21.8M | $43.1M | ||
| Q2 24 | $-22.9M | $31.4M | ||
| Q1 24 | $-80.4M | $38.0M |
自由现金流率AHTFA
| Q4 25 | -33.5% | 14.8% | ||
| Q3 25 | -0.1% | 17.4% | ||
| Q2 25 | -1.2% | 9.2% | ||
| Q1 25 | -16.2% | 5.4% | ||
| Q4 24 | -47.8% | -28.0% | ||
| Q3 24 | -7.9% | 21.6% | ||
| Q2 24 | -7.2% | 17.0% | ||
| Q1 24 | -26.5% | 22.4% |
资本支出强度AHTFA
| Q4 25 | 27.5% | 0.9% | ||
| Q3 25 | 2.1% | 0.3% | ||
| Q2 25 | 6.6% | 0.3% | ||
| Q1 25 | 7.2% | 0.1% | ||
| Q4 24 | 39.2% | 0.1% | ||
| Q3 24 | 8.2% | 0.2% | ||
| Q2 24 | 9.8% | 0.4% | ||
| Q1 24 | 11.2% | 0.2% |
现金转化率AHTFA
| Q4 25 | — | 19.01× | ||
| Q3 25 | — | 27.91× | ||
| Q2 25 | — | 121.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | 17.22× | ||
| 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% |
FA
| First Advantage Americas | $209.9M | 50% |
| Sterling | $185.9M | 44% |
| First Advantage International | $24.2M | 6% |
