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ASHFORD HOSPITALITY TRUST INC（AHT）与MONRO, INC.（MNRO）财务数据对比。点击上方公司名可切换其他公司
MONRO, INC.的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.1倍（$293.4M vs $259.0M），MONRO, INC.净利率更高（3.8% vs -26.8%，领先30.6%），MONRO, INC.同比增速更快（-4.0% vs -6.0%），MONRO, INC.自由现金流更多（$9.1M vs $-86.8M），过去两年MONRO, INC.的营收复合增速更高（-2.7% 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。
蒙罗公司（Monro, Inc.）是一家汽车服务企业，创始并总部设在美国纽约州罗切斯特。截至2025年，蒙罗共拥有1260家门店，按门店数量与营收计算，是北美仅次于Driven Brands的第二大汽车服务企业。
AHT vs MNRO — 直观对比
营收规模更大
MNRO
是对方的1.1倍
$259.0M
营收增速更快
MNRO
高出1.9%
-6.0%
净利率更高
MNRO
高出30.6%
-26.8%
自由现金流更多
MNRO
多$95.9M
$-86.8M
两年增速更快
MNRO
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $293.4M |
| 净利润 | $-69.3M | $11.1M |
| 毛利率 | — | 34.9% |
| 营业利润率 | -2.6% | 6.3% |
| 净利率 | -26.8% | 3.8% |
| 营收同比 | -6.0% | -4.0% |
| 净利润同比 | 44.2% | 143.1% |
| 每股收益（稀释后） | $-12.85 | $0.35 |
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AHTMNRO
| Q4 25 | $259.0M | $293.4M | ||
| Q3 25 | $266.1M | $288.9M | ||
| Q2 25 | $302.0M | $301.0M | ||
| Q1 25 | $277.4M | $295.0M | ||
| Q4 24 | $275.5M | $305.8M | ||
| Q3 24 | $276.6M | $301.4M | ||
| Q2 24 | $316.5M | $293.2M | ||
| Q1 24 | $303.9M | $310.1M |
净利润AHTMNRO
| Q4 25 | $-69.3M | $11.1M | ||
| Q3 25 | $-60.1M | $5.7M | ||
| Q2 25 | $-30.4M | $-8.1M | ||
| Q1 25 | $-20.0M | $-21.3M | ||
| Q4 24 | $-124.2M | $4.6M | ||
| Q3 24 | $-57.9M | $5.6M | ||
| Q2 24 | $50.3M | $5.9M | ||
| Q1 24 | $71.6M | $3.7M |
毛利率AHTMNRO
| Q4 25 | — | 34.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 33.0% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 35.5% |
营业利润率AHTMNRO
| Q4 25 | -2.6% | 6.3% | ||
| Q3 25 | 4.6% | 4.4% | ||
| Q2 25 | 16.3% | -2.0% | ||
| Q1 25 | 22.2% | -8.1% | ||
| Q4 24 | -17.8% | 3.3% | ||
| Q3 24 | 7.3% | 4.4% | ||
| Q2 24 | 42.8% | 4.5% | ||
| Q1 24 | 50.2% | 3.3% |
净利率AHTMNRO
| Q4 25 | -26.8% | 3.8% | ||
| Q3 25 | -22.6% | 2.0% | ||
| Q2 25 | -10.1% | -2.7% | ||
| Q1 25 | -7.2% | -7.2% | ||
| Q4 24 | -45.1% | 1.5% | ||
| Q3 24 | -20.9% | 1.9% | ||
| Q2 24 | 15.9% | 2.0% | ||
| Q1 24 | 23.5% | 1.2% |
每股收益（稀释后）AHTMNRO
| Q4 25 | $-12.85 | $0.35 | ||
| Q3 25 | $-11.35 | $0.18 | ||
| Q2 25 | $-6.88 | $-0.28 | ||
| Q1 25 | $-4.91 | $-0.74 | ||
| Q4 24 | $-13.64 | $0.15 | ||
| Q3 24 | $-12.39 | $0.18 | ||
| Q2 24 | $2.50 | $0.19 | ||
| Q1 24 | $5.99 | $0.12 |
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 | $4.9M |
| 总债务越低越好 | $2.5B | $45.0M |
| 股东权益账面价值 | $-626.4M | $604.9M |
| 总资产 | $2.8B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资AHTMNRO
| Q4 25 | $66.1M | $4.9M | ||
| Q3 25 | $81.9M | $10.5M | ||
| Q2 25 | $100.0M | $7.8M | ||
| Q1 25 | $85.8M | $20.8M | ||
| Q4 24 | $112.9M | $10.2M | ||
| Q3 24 | $119.7M | $20.9M | ||
| Q2 24 | $121.8M | $18.7M | ||
| Q1 24 | $111.1M | $6.6M |
总债务AHTMNRO
| Q4 25 | $2.5B | $45.0M | ||
| Q3 25 | $2.6B | $60.0M | ||
| Q2 25 | $2.6B | $71.5M | ||
| Q1 25 | $2.7B | $61.3M | ||
| Q4 24 | $2.6B | $59.3M | ||
| Q3 24 | $2.7B | $62.0M | ||
| Q2 24 | $2.8B | $112.0M | ||
| Q1 24 | $2.9B | $102.0M |
股东权益AHTMNRO
| Q4 25 | $-626.4M | $604.9M | ||
| Q3 25 | $-548.7M | $601.7M | ||
| Q2 25 | $-485.5M | $604.9M | ||
| Q1 25 | $-446.1M | $620.8M | ||
| Q4 24 | $-419.2M | $648.9M | ||
| Q3 24 | $-288.4M | $651.9M | ||
| Q2 24 | $-225.9M | $654.4M | ||
| Q1 24 | $-276.8M | $656.8M |
总资产AHTMNRO
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.3B | $1.7B | ||
| Q2 24 | $3.3B | $1.7B | ||
| Q1 24 | $3.5B | $1.7B |
负债/权益比AHTMNRO
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 0.16× |
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 | $17.8M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $9.1M |
| 自由现金流率自由现金流/营收 | -33.5% | 3.1% |
| 资本支出强度资本支出/营收 | 27.5% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $49.6M |
8季度趋势，按日历期对齐
经营现金流AHTMNRO
| Q4 25 | $-15.7M | $17.8M | ||
| Q3 25 | $5.5M | $32.3M | ||
| Q2 25 | $16.3M | $-1.9M | ||
| Q1 25 | $-25.0M | $28.9M | ||
| Q4 24 | $-23.6M | $14.8M | ||
| Q3 24 | $795.0K | $62.6M | ||
| Q2 24 | $8.0M | $25.6M | ||
| Q1 24 | $-46.5M | $-5.3M |
自由现金流AHTMNRO
| Q4 25 | $-86.8M | $9.1M | ||
| Q3 25 | $-226.0K | $26.6M | ||
| Q2 25 | $-3.6M | $-9.3M | ||
| Q1 25 | $-44.8M | $23.2M | ||
| Q4 24 | $-131.6M | $7.9M | ||
| Q3 24 | $-21.8M | $57.6M | ||
| Q2 24 | $-22.9M | $16.8M | ||
| Q1 24 | $-80.4M | $-11.9M |
自由现金流率AHTMNRO
| Q4 25 | -33.5% | 3.1% | ||
| Q3 25 | -0.1% | 9.2% | ||
| Q2 25 | -1.2% | -3.1% | ||
| Q1 25 | -16.2% | 7.9% | ||
| Q4 24 | -47.8% | 2.6% | ||
| Q3 24 | -7.9% | 19.1% | ||
| Q2 24 | -7.2% | 5.7% | ||
| Q1 24 | -26.5% | -3.8% |
资本支出强度AHTMNRO
| Q4 25 | 27.5% | 3.0% | ||
| Q3 25 | 2.1% | 2.0% | ||
| Q2 25 | 6.6% | 2.5% | ||
| Q1 25 | 7.2% | 1.9% | ||
| Q4 24 | 39.2% | 2.2% | ||
| Q3 24 | 8.2% | 1.6% | ||
| Q2 24 | 9.8% | 3.0% | ||
| Q1 24 | 11.2% | 2.1% |
现金转化率AHTMNRO
| Q4 25 | — | 1.60× | ||
| Q3 25 | — | 5.71× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.23× | ||
| Q3 24 | — | 11.08× | ||
| Q2 24 | 0.16× | 4.37× | ||
| Q1 24 | -0.65× | -1.42× |
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% |
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
