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ASHFORD HOSPITALITY TRUST INC（AHT）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
化石集团的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.0倍（$270.2M vs $259.0M），化石集团净利率更高（-14.8% vs -26.8%，领先12.0%），ASHFORD HOSPITALITY TRUST INC同比增速更快（-6.0% vs -21.1%），化石集团自由现金流更多（$-22.5M vs $-86.8M），过去两年ASHFORD HOSPITALITY TRUST INC的营收复合增速更高（-7.7% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
AHT vs FOSL — 直观对比
营收规模更大
FOSL
是对方的1.0倍
$259.0M
营收增速更快
AHT
高出15.1%
-21.1%
净利率更高
FOSL
高出12.0%
-26.8%
自由现金流更多
FOSL
多$64.3M
$-86.8M
两年增速更快
AHT
近两年复合增速
-11.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $270.2M |
| 净利润 | $-69.3M | $-40.0M |
| 毛利率 | — | 49.0% |
| 营业利润率 | -2.6% | -8.0% |
| 净利率 | -26.8% | -14.8% |
| 营收同比 | -6.0% | -21.1% |
| 净利润同比 | 44.2% | -257.8% |
| 每股收益（稀释后） | $-12.85 | $-0.76 |
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AHTFOSL
| Q4 25 | $259.0M | $270.2M | ||
| Q3 25 | $266.1M | $220.4M | ||
| Q2 25 | $302.0M | $233.3M | ||
| Q1 25 | $277.4M | — | ||
| Q4 24 | $275.5M | $342.3M | ||
| Q3 24 | $276.6M | $287.8M | ||
| Q2 24 | $316.5M | $260.0M | ||
| Q1 24 | $303.9M | $254.9M |
净利润AHTFOSL
| Q4 25 | $-69.3M | $-40.0M | ||
| Q3 25 | $-60.1M | $-2.1M | ||
| Q2 25 | $-30.4M | $-17.9M | ||
| Q1 25 | $-20.0M | — | ||
| Q4 24 | $-124.2M | $-11.2M | ||
| Q3 24 | $-57.9M | $-31.9M | ||
| Q2 24 | $50.3M | $-38.8M | ||
| Q1 24 | $71.6M | $-24.3M |
毛利率AHTFOSL
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 52.6% | ||
| Q1 24 | — | 52.4% |
营业利润率AHTFOSL
| Q4 25 | -2.6% | -8.0% | ||
| Q3 25 | 4.6% | 3.9% | ||
| Q2 25 | 16.3% | -2.9% | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | -17.8% | -4.8% | ||
| Q3 24 | 7.3% | -8.5% | ||
| Q2 24 | 42.8% | -13.1% | ||
| Q1 24 | 50.2% | -11.5% |
净利率AHTFOSL
| Q4 25 | -26.8% | -14.8% | ||
| Q3 25 | -22.6% | -1.0% | ||
| Q2 25 | -10.1% | -7.7% | ||
| Q1 25 | -7.2% | — | ||
| Q4 24 | -45.1% | -3.3% | ||
| Q3 24 | -20.9% | -11.1% | ||
| Q2 24 | 15.9% | -14.9% | ||
| Q1 24 | 23.5% | -9.5% |
每股收益（稀释后）AHTFOSL
| Q4 25 | $-12.85 | $-0.76 | ||
| Q3 25 | $-11.35 | $-0.04 | ||
| Q2 25 | $-6.88 | $-0.33 | ||
| Q1 25 | $-4.91 | — | ||
| Q4 24 | $-13.64 | $-0.15 | ||
| Q3 24 | $-12.39 | $-0.60 | ||
| Q2 24 | $2.50 | $-0.73 | ||
| Q1 24 | $5.99 | $-0.46 |
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 | $79.2M |
| 总债务越低越好 | $2.5B | $169.1M |
| 股东权益账面价值 | $-626.4M | $112.6M |
| 总资产 | $2.8B | $701.0M |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资AHTFOSL
| Q4 25 | $66.1M | $79.2M | ||
| Q3 25 | $81.9M | $109.9M | ||
| Q2 25 | $100.0M | $78.3M | ||
| Q1 25 | $85.8M | — | ||
| Q4 24 | $112.9M | $123.6M | ||
| Q3 24 | $119.7M | $106.3M | ||
| Q2 24 | $121.8M | $104.9M | ||
| Q1 24 | $111.1M | $112.9M |
总债务AHTFOSL
| Q4 25 | $2.5B | $169.1M | ||
| Q3 25 | $2.6B | $165.6M | ||
| Q2 25 | $2.6B | $167.2M | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $162.7M | ||
| Q3 24 | $2.7B | $173.4M | ||
| Q2 24 | $2.8B | $156.5M | ||
| Q1 24 | $2.9B | $202.9M |
股东权益AHTFOSL
| Q4 25 | $-626.4M | $112.6M | ||
| Q3 25 | $-548.7M | $150.3M | ||
| Q2 25 | $-485.5M | $140.6M | ||
| Q1 25 | $-446.1M | — | ||
| Q4 24 | $-419.2M | $148.7M | ||
| Q3 24 | $-288.4M | $164.4M | ||
| Q2 24 | $-225.9M | $189.6M | ||
| Q1 24 | $-276.8M | $229.1M |
总资产AHTFOSL
| Q4 25 | $2.8B | $701.0M | ||
| Q3 25 | $3.0B | $704.5M | ||
| Q2 25 | $3.1B | $686.0M | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.2B | $763.6M | ||
| Q3 24 | $3.3B | $812.4M | ||
| Q2 24 | $3.3B | $785.7M | ||
| Q1 24 | $3.5B | $891.0M |
负债/权益比AHTFOSL
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $-22.5M |
| 自由现金流率自由现金流/营收 | -33.5% | -8.3% |
| 资本支出强度资本支出/营收 | 27.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $-46.0M |
8季度趋势，按日历期对齐
经营现金流AHTFOSL
| Q4 25 | $-15.7M | $-22.2M | ||
| Q3 25 | $5.5M | $9.4M | ||
| Q2 25 | $16.3M | $-60.4M | ||
| Q1 25 | $-25.0M | — | ||
| Q4 24 | $-23.6M | $30.5M | ||
| Q3 24 | $795.0K | $-22.8M | ||
| Q2 24 | $8.0M | $38.4M | ||
| Q1 24 | $-46.5M | $622.0K |
自由现金流AHTFOSL
| Q4 25 | $-86.8M | $-22.5M | ||
| Q3 25 | $-226.0K | $8.6M | ||
| Q2 25 | $-3.6M | $-60.6M | ||
| Q1 25 | $-44.8M | — | ||
| Q4 24 | $-131.6M | $28.5M | ||
| Q3 24 | $-21.8M | $-24.1M | ||
| Q2 24 | $-22.9M | $36.6M | ||
| Q1 24 | $-80.4M | $-1.1M |
自由现金流率AHTFOSL
| Q4 25 | -33.5% | -8.3% | ||
| Q3 25 | -0.1% | 3.9% | ||
| Q2 25 | -1.2% | -26.0% | ||
| Q1 25 | -16.2% | — | ||
| Q4 24 | -47.8% | 8.3% | ||
| Q3 24 | -7.9% | -8.4% | ||
| Q2 24 | -7.2% | 14.1% | ||
| Q1 24 | -26.5% | -0.4% |
资本支出强度AHTFOSL
| Q4 25 | 27.5% | 0.1% | ||
| Q3 25 | 2.1% | 0.4% | ||
| Q2 25 | 6.6% | 0.1% | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 39.2% | 0.6% | ||
| Q3 24 | 8.2% | 0.4% | ||
| Q2 24 | 9.8% | 0.7% | ||
| Q1 24 | 11.2% | 0.7% |
现金转化率AHTFOSL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
