vs
ASHFORD HOSPITALITY TRUST INC（AHT）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.0倍（$271.6M vs $259.0M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs -26.8%，领先44.7%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs -6.0%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $-86.8M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
AHT vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $271.6M |
| 净利润 | $-69.3M | $48.8M |
| 毛利率 | — | 55.9% |
| 营业利润率 | -2.6% | 15.9% |
| 净利率 | -26.8% | 18.0% |
| 营收同比 | -6.0% | 24.5% |
| 净利润同比 | 44.2% | 129.1% |
| 每股收益（稀释后） | $-12.85 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $259.0M | $261.2M | ||
| Q3 25 | $266.1M | $252.1M | ||
| Q2 25 | $302.0M | $235.9M | ||
| Q1 25 | $277.4M | $218.1M | ||
| Q4 24 | $275.5M | — | ||
| Q3 24 | $276.6M | $200.7M | ||
| Q2 24 | $316.5M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $-69.3M | $45.1M | ||
| Q3 25 | $-60.1M | $36.5M | ||
| Q2 25 | $-30.4M | $31.7M | ||
| Q1 25 | $-20.0M | $-167.5M | ||
| Q4 24 | $-124.2M | — | ||
| Q3 24 | $-57.9M | $29.4M | ||
| Q2 24 | $50.3M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 54.7% | ||
| Q2 24 | — | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | -2.6% | 15.2% | ||
| Q3 25 | 4.6% | 14.9% | ||
| Q2 25 | 16.3% | 14.8% | ||
| Q1 25 | 22.2% | 8.0% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | 7.3% | 13.7% | ||
| Q2 24 | 42.8% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | -26.8% | 17.3% | ||
| Q3 25 | -22.6% | 14.5% | ||
| Q2 25 | -10.1% | 13.4% | ||
| Q1 25 | -7.2% | -76.8% | ||
| Q4 24 | -45.1% | — | ||
| Q3 24 | -20.9% | 14.7% | ||
| Q2 24 | 15.9% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-12.85 | $0.67 | ||
| Q3 25 | $-11.35 | $0.48 | ||
| Q2 25 | $-6.88 | $0.42 | ||
| Q1 25 | $-4.91 | $-2.30 | ||
| Q4 24 | $-13.64 | — | ||
| Q3 24 | $-12.39 | $0.40 | ||
| Q2 24 | $2.50 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $1.4B |
| 总资产 | $2.8B | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $66.1M | $786.0M | ||
| Q3 25 | $81.9M | $735.2M | ||
| Q2 25 | $100.0M | $681.5M | ||
| Q1 25 | $85.8M | $656.5M | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $119.7M | $581.9M | ||
| Q2 24 | $121.8M | $521.5M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.4B | ||
| Q4 25 | $-626.4M | $1.3B | ||
| Q3 25 | $-548.7M | $1.3B | ||
| Q2 25 | $-485.5M | $1.2B | ||
| Q1 25 | $-446.1M | $1.2B | ||
| Q4 24 | $-419.2M | — | ||
| Q3 24 | $-288.4M | $1.1B | ||
| Q2 24 | $-225.9M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.1B | $1.8B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.3B | $1.7B |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $30.0M |
| 自由现金流率自由现金流/营收 | -33.5% | 11.0% |
| 资本支出强度资本支出/营收 | 27.5% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $-15.7M | $69.6M | ||
| Q3 25 | $5.5M | $60.4M | ||
| Q2 25 | $16.3M | $38.7M | ||
| Q1 25 | $-25.0M | $66.7M | ||
| Q4 24 | $-23.6M | — | ||
| Q3 24 | $795.0K | $62.3M | ||
| Q2 24 | $8.0M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $-86.8M | $49.4M | ||
| Q3 25 | $-226.0K | $51.6M | ||
| Q2 25 | $-3.6M | $30.5M | ||
| Q1 25 | $-44.8M | $61.3M | ||
| Q4 24 | $-131.6M | — | ||
| Q3 24 | $-21.8M | $57.1M | ||
| Q2 24 | $-22.9M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | -33.5% | 18.9% | ||
| Q3 25 | -0.1% | 20.5% | ||
| Q2 25 | -1.2% | 12.9% | ||
| Q1 25 | -16.2% | 28.1% | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -7.9% | 28.5% | ||
| Q2 24 | -7.2% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 27.5% | 7.7% | ||
| Q3 25 | 2.1% | 3.5% | ||
| Q2 25 | 6.6% | 3.5% | ||
| Q1 25 | 7.2% | 2.4% | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 8.2% | 2.6% | ||
| Q2 24 | 9.8% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.12× | ||
| Q2 24 | 0.16× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
