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ASHFORD HOSPITALITY TRUST INC（AHT）与Liberty Broadband Corp（LBRDA）财务数据对比。点击上方公司名可切换其他公司
Liberty Broadband Corp的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.0倍（$261.0M vs $259.0M），Liberty Broadband Corp净利率更高（146.7% vs -26.8%，领先173.5%），Liberty Broadband Corp同比增速更快（6.1% vs -6.0%），Liberty Broadband Corp自由现金流更多（$37.0M vs $-86.8M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% 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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
AHT vs LBRDA — 直观对比
营收规模更大
LBRDA
是对方的1.0倍
$259.0M
营收增速更快
LBRDA
高出12.1%
-6.0%
净利率更高
LBRDA
高出173.5%
-26.8%
自由现金流更多
LBRDA
多$123.8M
$-86.8M
两年增速更快
LBRDA
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $261.0M |
| 净利润 | $-69.3M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | -2.6% | 15.7% |
| 净利率 | -26.8% | 146.7% |
| 营收同比 | -6.0% | 6.1% |
| 净利润同比 | 44.2% | 96.4% |
| 每股收益（稀释后） | $-12.85 | $2.68 |
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AHTLBRDA
| Q4 25 | $259.0M | — | ||
| Q3 25 | $266.1M | — | ||
| Q2 25 | $302.0M | $261.0M | ||
| Q1 25 | $277.4M | $266.0M | ||
| Q4 24 | $275.5M | $263.0M | ||
| Q3 24 | $276.6M | $262.0M | ||
| Q2 24 | $316.5M | $246.0M | ||
| Q1 24 | $303.9M | $245.0M |
净利润AHTLBRDA
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | — | ||
| Q2 25 | $-30.4M | $383.0M | ||
| Q1 25 | $-20.0M | $268.0M | ||
| Q4 24 | $-124.2M | $291.0M | ||
| Q3 24 | $-57.9M | $142.0M | ||
| Q2 24 | $50.3M | $195.0M | ||
| Q1 24 | $71.6M | $241.0M |
营业利润率AHTLBRDA
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 16.3% | 15.7% | ||
| Q1 25 | 22.2% | 16.2% | ||
| Q4 24 | -17.8% | 4.9% | ||
| Q3 24 | 7.3% | 11.5% | ||
| Q2 24 | 42.8% | 8.5% | ||
| Q1 24 | 50.2% | 11.4% |
净利率AHTLBRDA
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | — | ||
| Q2 25 | -10.1% | 146.7% | ||
| Q1 25 | -7.2% | 100.8% | ||
| Q4 24 | -45.1% | 110.6% | ||
| Q3 24 | -20.9% | 54.2% | ||
| Q2 24 | 15.9% | 79.3% | ||
| Q1 24 | 23.5% | 98.4% |
每股收益（稀释后）AHTLBRDA
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | — | ||
| Q2 25 | $-6.88 | $2.68 | ||
| Q1 25 | $-4.91 | $1.87 | ||
| Q4 24 | $-13.64 | $2.04 | ||
| Q3 24 | $-12.39 | $0.99 | ||
| Q2 24 | $2.50 | $1.36 | ||
| Q1 24 | $5.99 | $1.69 |
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 | $180.0M |
| 总债务越低越好 | $2.5B | $3.1B |
| 股东权益账面价值 | $-626.4M | $10.4B |
| 总资产 | $2.8B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资AHTLBRDA
| Q4 25 | $66.1M | — | ||
| Q3 25 | $81.9M | — | ||
| Q2 25 | $100.0M | $180.0M | ||
| Q1 25 | $85.8M | $226.0M | ||
| Q4 24 | $112.9M | $163.0M | ||
| Q3 24 | $119.7M | $168.0M | ||
| Q2 24 | $121.8M | $73.0M | ||
| Q1 24 | $111.1M | $108.0M |
总债务AHTLBRDA
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $3.1B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.7B | $3.7B | ||
| Q2 24 | $2.8B | $3.6B | ||
| Q1 24 | $2.9B | $3.6B |
股东权益AHTLBRDA
| Q4 25 | $-626.4M | — | ||
| Q3 25 | $-548.7M | — | ||
| Q2 25 | $-485.5M | $10.4B | ||
| Q1 25 | $-446.1M | $10.1B | ||
| Q4 24 | $-419.2M | $9.8B | ||
| Q3 24 | $-288.4M | $9.5B | ||
| Q2 24 | $-225.9M | $9.3B | ||
| Q1 24 | $-276.8M | $9.1B |
总资产AHTLBRDA
| Q4 25 | $2.8B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.1B | $16.6B | ||
| Q1 25 | $3.1B | $17.0B | ||
| Q4 24 | $3.2B | $16.7B | ||
| Q3 24 | $3.3B | $16.3B | ||
| Q2 24 | $3.3B | $16.0B | ||
| Q1 24 | $3.5B | $15.7B |
负债/权益比AHTLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.40× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $37.0M |
| 自由现金流率自由现金流/营收 | -33.5% | 14.2% |
| 资本支出强度资本支出/营收 | 27.5% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流AHTLBRDA
| Q4 25 | $-15.7M | — | ||
| Q3 25 | $5.5M | — | ||
| Q2 25 | $16.3M | $91.0M | ||
| Q1 25 | $-25.0M | $78.0M | ||
| Q4 24 | $-23.6M | $1.0M | ||
| Q3 24 | $795.0K | $24.0M | ||
| Q2 24 | $8.0M | $27.0M | ||
| Q1 24 | $-46.5M | $52.0M |
自由现金流AHTLBRDA
| Q4 25 | $-86.8M | — | ||
| Q3 25 | $-226.0K | — | ||
| Q2 25 | $-3.6M | $37.0M | ||
| Q1 25 | $-44.8M | $13.0M | ||
| Q4 24 | $-131.6M | $-63.0M | ||
| Q3 24 | $-21.8M | $-36.0M | ||
| Q2 24 | $-22.9M | $-35.0M | ||
| Q1 24 | $-80.4M | $-9.0M |
自由现金流率AHTLBRDA
| Q4 25 | -33.5% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | -1.2% | 14.2% | ||
| Q1 25 | -16.2% | 4.9% | ||
| Q4 24 | -47.8% | -24.0% | ||
| Q3 24 | -7.9% | -13.7% | ||
| Q2 24 | -7.2% | -14.2% | ||
| Q1 24 | -26.5% | -3.7% |
资本支出强度AHTLBRDA
| Q4 25 | 27.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 6.6% | 20.7% | ||
| Q1 25 | 7.2% | 24.4% | ||
| Q4 24 | 39.2% | 24.3% | ||
| Q3 24 | 8.2% | 22.9% | ||
| Q2 24 | 9.8% | 25.2% | ||
| Q1 24 | 11.2% | 24.9% |
现金转化率AHTLBRDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | 0.16× | 0.14× | ||
| Q1 24 | -0.65× | 0.22× |
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% |
LBRDA
暂无分部数据
