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ASHFORD HOSPITALITY TRUST INC（AHT）与HAVERTY FURNITURE COMPANIES INC（HVT）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HAVERTY FURNITURE COMPANIES INC的1.3倍（$259.0M vs $201.9M），HAVERTY FURNITURE COMPANIES INC净利率更高（4.2% vs -26.8%，领先31.0%），HAVERTY FURNITURE COMPANIES INC同比增速更快（9.5% vs -6.0%），HAVERTY FURNITURE COMPANIES INC自由现金流更多（$3.0M vs $-86.8M），过去两年HAVERTY FURNITURE COMPANIES INC的营收复合增速更高（4.8% 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。
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
AHT vs HVT — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $201.9M |
| 净利润 | $-69.3M | $8.5M |
| 毛利率 | — | 60.4% |
| 营业利润率 | -2.6% | 5.3% |
| 净利率 | -26.8% | 4.2% |
| 营收同比 | -6.0% | 9.5% |
| 净利润同比 | 44.2% | 4.1% |
| 每股收益（稀释后） | $-12.85 | — |
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 | $201.9M | ||
| Q3 25 | $266.1M | $194.5M | ||
| Q2 25 | $302.0M | $181.0M | ||
| Q1 25 | $277.4M | $181.6M | ||
| Q4 24 | $275.5M | $184.4M | ||
| Q3 24 | $276.6M | $175.9M | ||
| Q2 24 | $316.5M | $178.6M | ||
| Q1 24 | $303.9M | $184.0M |
| Q4 25 | $-69.3M | $8.5M | ||
| Q3 25 | $-60.1M | $4.7M | ||
| Q2 25 | $-30.4M | $2.7M | ||
| Q1 25 | $-20.0M | $3.8M | ||
| Q4 24 | $-124.2M | $8.2M | ||
| Q3 24 | $-57.9M | $4.9M | ||
| Q2 24 | $50.3M | $4.4M | ||
| Q1 24 | $71.6M | $2.4M |
| Q4 25 | — | 60.4% | ||
| Q3 25 | — | 60.3% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 61.2% | ||
| Q4 24 | — | 61.9% | ||
| Q3 24 | — | 60.2% | ||
| Q2 24 | — | 60.4% | ||
| Q1 24 | — | 60.3% |
| Q4 25 | -2.6% | 5.3% | ||
| Q3 25 | 4.6% | 3.3% | ||
| Q2 25 | 16.3% | 2.4% | ||
| Q1 25 | 22.2% | 2.9% | ||
| Q4 24 | -17.8% | 5.2% | ||
| Q3 24 | 7.3% | 3.9% | ||
| Q2 24 | 42.8% | 3.6% | ||
| Q1 24 | 50.2% | 1.7% |
| Q4 25 | -26.8% | 4.2% | ||
| Q3 25 | -22.6% | 2.4% | ||
| Q2 25 | -10.1% | 1.5% | ||
| Q1 25 | -7.2% | 2.1% | ||
| Q4 24 | -45.1% | 4.4% | ||
| Q3 24 | -20.9% | 2.8% | ||
| Q2 24 | 15.9% | 2.5% | ||
| Q1 24 | 23.5% | 1.3% |
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | — | ||
| Q2 25 | $-6.88 | — | ||
| Q1 25 | $-4.91 | — | ||
| Q4 24 | $-13.64 | — | ||
| Q3 24 | $-12.39 | — | ||
| Q2 24 | $2.50 | — | ||
| Q1 24 | $5.99 | — |
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 | $125.3M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $307.9M |
| 总资产 | $2.8B | $649.1M |
| 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 | $125.3M | ||
| Q3 25 | $81.9M | $130.5M | ||
| Q2 25 | $100.0M | $107.4M | ||
| Q1 25 | $85.8M | $111.9M | ||
| Q4 24 | $112.9M | $120.0M | ||
| Q3 24 | $119.7M | $121.2M | ||
| Q2 24 | $121.8M | $109.9M | ||
| Q1 24 | $111.1M | $111.8M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $307.9M | ||
| Q3 25 | $-548.7M | $306.0M | ||
| Q2 25 | $-485.5M | $304.9M | ||
| Q1 25 | $-446.1M | $305.4M | ||
| Q4 24 | $-419.2M | $307.6M | ||
| Q3 24 | $-288.4M | $307.8M | ||
| Q2 24 | $-225.9M | $307.1M | ||
| Q1 24 | $-276.8M | $306.7M |
| Q4 25 | $2.8B | $649.1M | ||
| Q3 25 | $3.0B | $651.7M | ||
| Q2 25 | $3.1B | $642.7M | ||
| Q1 25 | $3.1B | $642.7M | ||
| Q4 24 | $3.2B | $648.7M | ||
| Q3 24 | $3.3B | $659.3M | ||
| Q2 24 | $3.3B | $642.1M | ||
| Q1 24 | $3.5B | $640.5M |
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 | $7.4M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $3.0M |
| 自由现金流率自由现金流/营收 | -33.5% | 1.5% |
| 资本支出强度资本支出/营收 | 27.5% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 0.86× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $33.0M |
8季度趋势，按日历期对齐
| Q4 25 | $-15.7M | $7.4M | ||
| Q3 25 | $5.5M | $31.9M | ||
| Q2 25 | $16.3M | $7.2M | ||
| Q1 25 | $-25.0M | $6.2M | ||
| Q4 24 | $-23.6M | $16.9M | ||
| Q3 24 | $795.0K | $24.4M | ||
| Q2 24 | $8.0M | $14.4M | ||
| Q1 24 | $-46.5M | $3.1M |
| Q4 25 | $-86.8M | $3.0M | ||
| Q3 25 | $-226.0K | $28.3M | ||
| Q2 25 | $-3.6M | $1.6M | ||
| Q1 25 | $-44.8M | $27.0K | ||
| Q4 24 | $-131.6M | $9.1M | ||
| Q3 24 | $-21.8M | $16.1M | ||
| Q2 24 | $-22.9M | $4.9M | ||
| Q1 24 | $-80.4M | $-3.3M |
| Q4 25 | -33.5% | 1.5% | ||
| Q3 25 | -0.1% | 14.6% | ||
| Q2 25 | -1.2% | 0.9% | ||
| Q1 25 | -16.2% | 0.0% | ||
| Q4 24 | -47.8% | 4.9% | ||
| Q3 24 | -7.9% | 9.2% | ||
| Q2 24 | -7.2% | 2.7% | ||
| Q1 24 | -26.5% | -1.8% |
| Q4 25 | 27.5% | 2.2% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 6.6% | 3.1% | ||
| Q1 25 | 7.2% | 3.4% | ||
| Q4 24 | 39.2% | 4.2% | ||
| Q3 24 | 8.2% | 4.7% | ||
| Q2 24 | 9.8% | 5.3% | ||
| Q1 24 | 11.2% | 3.5% |
| Q4 25 | — | 0.86× | ||
| Q3 25 | — | 6.75× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 2.06× | ||
| Q3 24 | — | 4.96× | ||
| Q2 24 | 0.16× | 3.25× | ||
| Q1 24 | -0.65× | 1.31× |
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% |
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
