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ASHFORD HOSPITALITY TRUST INC（AHT）与Orthofix Medical Inc.（OFIX）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Orthofix Medical Inc.的1.2倍（$259.0M vs $219.9M），Orthofix Medical Inc.净利率更高（-1.0% vs -26.8%，领先25.8%），Orthofix Medical Inc.同比增速更快（2.0% vs -6.0%），Orthofix Medical Inc.自由现金流更多（$16.8M vs $-86.8M），过去两年Orthofix Medical Inc.的营收复合增速更高（8.0% 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。
Orthofix医疗是全球知名骨科医疗器械企业，专注于研发、生产及销售脊柱植入物、骨科创伤产品、骨生长刺激治疗设备及再生医疗产品，服务全球多地的骨科医师与医疗机构，致力于提升肌肉骨骼疾病患者的诊疗效果。
AHT vs OFIX — 直观对比
营收规模更大
AHT
是对方的1.2倍
$219.9M
营收增速更快
OFIX
高出8.0%
-6.0%
净利率更高
OFIX
高出25.8%
-26.8%
自由现金流更多
OFIX
多$103.6M
$-86.8M
两年增速更快
OFIX
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $219.9M |
| 净利润 | $-69.3M | $-2.2M |
| 毛利率 | — | 71.1% |
| 营业利润率 | -2.6% | 0.2% |
| 净利率 | -26.8% | -1.0% |
| 营收同比 | -6.0% | 2.0% |
| 净利润同比 | 44.2% | 92.4% |
| 每股收益（稀释后） | $-12.85 | $-0.05 |
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AHTOFIX
| Q4 25 | $259.0M | $219.9M | ||
| Q3 25 | $266.1M | $205.6M | ||
| Q2 25 | $302.0M | $203.1M | ||
| Q1 25 | $277.4M | $193.6M | ||
| Q4 24 | $275.5M | $215.7M | ||
| Q3 24 | $276.6M | $196.6M | ||
| Q2 24 | $316.5M | $198.6M | ||
| Q1 24 | $303.9M | $188.6M |
净利润AHTOFIX
| Q4 25 | $-69.3M | $-2.2M | ||
| Q3 25 | $-60.1M | $-22.8M | ||
| Q2 25 | $-30.4M | $-14.1M | ||
| Q1 25 | $-20.0M | $-53.1M | ||
| Q4 24 | $-124.2M | $-29.1M | ||
| Q3 24 | $-57.9M | $-27.4M | ||
| Q2 24 | $50.3M | $-33.4M | ||
| Q1 24 | $71.6M | $-36.0M |
毛利率AHTOFIX
| Q4 25 | — | 71.1% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 68.7% | ||
| Q1 25 | — | 62.8% | ||
| Q4 24 | — | 69.0% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 67.5% |
营业利润率AHTOFIX
| Q4 25 | -2.6% | 0.2% | ||
| Q3 25 | 4.6% | -8.3% | ||
| Q2 25 | 16.3% | -7.9% | ||
| Q1 25 | 22.2% | -25.2% | ||
| Q4 24 | -17.8% | -5.3% | ||
| Q3 24 | 7.3% | -9.6% | ||
| Q2 24 | 42.8% | -12.5% | ||
| Q1 24 | 50.2% | -15.6% |
净利率AHTOFIX
| Q4 25 | -26.8% | -1.0% | ||
| Q3 25 | -22.6% | -11.1% | ||
| Q2 25 | -10.1% | -6.9% | ||
| Q1 25 | -7.2% | -27.4% | ||
| Q4 24 | -45.1% | -13.5% | ||
| Q3 24 | -20.9% | -13.9% | ||
| Q2 24 | 15.9% | -16.8% | ||
| Q1 24 | 23.5% | -19.1% |
每股收益（稀释后）AHTOFIX
| Q4 25 | $-12.85 | $-0.05 | ||
| Q3 25 | $-11.35 | $-0.57 | ||
| Q2 25 | $-6.88 | $-0.36 | ||
| Q1 25 | $-4.91 | $-1.35 | ||
| Q4 24 | $-13.64 | $-0.76 | ||
| Q3 24 | $-12.39 | $-0.71 | ||
| Q2 24 | $2.50 | $-0.88 | ||
| Q1 24 | $5.99 | $-0.95 |
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 | $82.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $450.0M |
| 总资产 | $2.8B | $850.6M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AHTOFIX
| Q4 25 | $66.1M | $82.0M | ||
| Q3 25 | $81.9M | $62.9M | ||
| Q2 25 | $100.0M | $65.6M | ||
| Q1 25 | $85.8M | $58.0M | ||
| Q4 24 | $112.9M | $83.2M | ||
| Q3 24 | $119.7M | $30.1M | ||
| Q2 24 | $121.8M | $26.4M | ||
| Q1 24 | $111.1M | $27.0M |
总债务AHTOFIX
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $157.2M | ||
| Q2 25 | $2.6B | $157.0M | ||
| Q1 25 | $2.7B | $156.9M | ||
| Q4 24 | $2.6B | $157.0M | ||
| Q3 24 | $2.7B | $118.5M | ||
| Q2 24 | $2.8B | $118.0M | ||
| Q1 24 | $2.9B | $118.2M |
股东权益AHTOFIX
| Q4 25 | $-626.4M | $450.0M | ||
| Q3 25 | $-548.7M | $442.5M | ||
| Q2 25 | $-485.5M | $458.3M | ||
| Q1 25 | $-446.1M | $458.3M | ||
| Q4 24 | $-419.2M | $503.1M | ||
| Q3 24 | $-288.4M | $525.9M | ||
| Q2 24 | $-225.9M | $546.0M | ||
| Q1 24 | $-276.8M | $570.3M |
总资产AHTOFIX
| Q4 25 | $2.8B | $850.6M | ||
| Q3 25 | $3.0B | $832.6M | ||
| Q2 25 | $3.1B | $837.2M | ||
| Q1 25 | $3.1B | $823.1M | ||
| Q4 24 | $3.2B | $893.3M | ||
| Q3 24 | $3.3B | $867.9M | ||
| Q2 24 | $3.3B | $882.0M | ||
| Q1 24 | $3.5B | $906.0M |
负债/权益比AHTOFIX
| Q4 25 | — | — | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.21× |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $16.8M |
| 自由现金流率自由现金流/营收 | -33.5% | 7.6% |
| 资本支出强度资本支出/营收 | 27.5% | 4.9% |
| 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 | $-1.3M |
8季度趋势，按日历期对齐
经营现金流AHTOFIX
| Q4 25 | $-15.7M | $27.7M | ||
| Q3 25 | $5.5M | $12.4M | ||
| Q2 25 | $16.3M | $11.6M | ||
| Q1 25 | $-25.0M | $-18.4M | ||
| Q4 24 | $-23.6M | $23.7M | ||
| Q3 24 | $795.0K | $11.7M | ||
| Q2 24 | $8.0M | $9.0M | ||
| Q1 24 | $-46.5M | $-18.6M |
自由现金流AHTOFIX
| Q4 25 | $-86.8M | $16.8M | ||
| Q3 25 | $-226.0K | $2.5M | ||
| Q2 25 | $-3.6M | $4.5M | ||
| Q1 25 | $-44.8M | $-25.1M | ||
| Q4 24 | $-131.6M | $15.2M | ||
| Q3 24 | $-21.8M | $6.3M | ||
| Q2 24 | $-22.9M | $-360.0K | ||
| Q1 24 | $-80.4M | $-29.1M |
自由现金流率AHTOFIX
| Q4 25 | -33.5% | 7.6% | ||
| Q3 25 | -0.1% | 1.2% | ||
| Q2 25 | -1.2% | 2.2% | ||
| Q1 25 | -16.2% | -13.0% | ||
| Q4 24 | -47.8% | 7.0% | ||
| Q3 24 | -7.9% | 3.2% | ||
| Q2 24 | -7.2% | -0.2% | ||
| Q1 24 | -26.5% | -15.4% |
资本支出强度AHTOFIX
| Q4 25 | 27.5% | 4.9% | ||
| Q3 25 | 2.1% | 4.8% | ||
| Q2 25 | 6.6% | 3.5% | ||
| Q1 25 | 7.2% | 3.5% | ||
| Q4 24 | 39.2% | 4.0% | ||
| Q3 24 | 8.2% | 2.7% | ||
| Q2 24 | 9.8% | 4.7% | ||
| Q1 24 | 11.2% | 5.6% |
现金转化率AHTOFIX
| 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% |
OFIX
| Spinal Implants Biologics And Enabling Technologies | $113.6M | 52% |
| Bone Growth Therapies | $68.3M | 31% |
| Other | $22.7M | 10% |
| IT | $5.9M | 3% |
| GB | $3.5M | 2% |
| FR | $3.5M | 2% |
| DE | $2.3M | 1% |
