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ASHFORD HOSPITALITY TRUST INC（AHT）与OneStream, Inc.（OS）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OneStream, Inc.的1.6倍（$259.0M vs $163.7M），OneStream, Inc.净利率更高（0.6% vs -26.8%，领先27.4%），OneStream, Inc.同比增速更快（23.6% vs -6.0%），OneStream, Inc.自由现金流更多（$25.6M vs $-86.8M），过去两年OneStream, Inc.的营收复合增速更高（21.8% 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。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
AHT vs OS — 直观对比
营收规模更大
AHT
是对方的1.6倍
$163.7M
营收增速更快
OS
高出29.6%
-6.0%
净利率更高
OS
高出27.4%
-26.8%
自由现金流更多
OS
多$112.5M
$-86.8M
两年增速更快
OS
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $163.7M |
| 净利润 | $-69.3M | $999.0K |
| 毛利率 | — | 69.8% |
| 营业利润率 | -2.6% | -3.2% |
| 净利率 | -26.8% | 0.6% |
| 营收同比 | -6.0% | 23.6% |
| 净利润同比 | 44.2% | — |
| 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
营收AHTOS
| Q4 25 | $259.0M | $163.7M | ||
| Q3 25 | $266.1M | $154.3M | ||
| Q2 25 | $302.0M | $147.6M | ||
| Q1 25 | $277.4M | $136.3M | ||
| Q4 24 | $275.5M | $132.5M | ||
| Q3 24 | $276.6M | $129.1M | ||
| Q2 24 | $316.5M | $117.5M | ||
| Q1 24 | $303.9M | $110.3M |
净利润AHTOS
| Q4 25 | $-69.3M | $999.0K | ||
| Q3 25 | $-60.1M | $-8.8M | ||
| Q2 25 | $-30.4M | $-18.4M | ||
| Q1 25 | $-20.0M | $-24.0M | ||
| Q4 24 | $-124.2M | — | ||
| Q3 24 | $-57.9M | $-171.9M | ||
| Q2 24 | $50.3M | $-7.8M | ||
| Q1 24 | $71.6M | $-5.0M |
毛利率AHTOS
| Q4 25 | — | 69.8% | ||
| Q3 25 | — | 68.1% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 66.8% | ||
| Q3 24 | — | 50.1% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 69.1% |
营业利润率AHTOS
| Q4 25 | -2.6% | -3.2% | ||
| Q3 25 | 4.6% | -11.3% | ||
| Q2 25 | 16.3% | -21.8% | ||
| Q1 25 | 22.2% | -29.3% | ||
| Q4 24 | -17.8% | -35.8% | ||
| Q3 24 | 7.3% | -197.6% | ||
| Q2 24 | 42.8% | -9.8% | ||
| Q1 24 | 50.2% | -4.9% |
净利率AHTOS
| Q4 25 | -26.8% | 0.6% | ||
| Q3 25 | -22.6% | -5.7% | ||
| Q2 25 | -10.1% | -12.5% | ||
| Q1 25 | -7.2% | -17.6% | ||
| Q4 24 | -45.1% | — | ||
| Q3 24 | -20.9% | -133.1% | ||
| Q2 24 | 15.9% | -6.7% | ||
| Q1 24 | 23.5% | -4.5% |
每股收益（稀释后）AHTOS
| Q4 25 | $-12.85 | — | ||
| Q3 25 | $-11.35 | — | ||
| Q2 25 | $-6.88 | — | ||
| Q1 25 | $-4.91 | — | ||
| Q4 24 | $-13.64 | — | ||
| Q3 24 | $-12.39 | $-1.06 | ||
| 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 | $693.6M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $504.7M |
| 总资产 | $2.8B | $1.0B |
| 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AHTOS
| Q4 25 | $66.1M | $693.6M | ||
| Q3 25 | $81.9M | $653.9M | ||
| Q2 25 | $100.0M | $652.1M | ||
| Q1 25 | $85.8M | $593.9M | ||
| Q4 24 | $112.9M | $544.2M | ||
| Q3 24 | $119.7M | $495.5M | ||
| Q2 24 | $121.8M | $140.5M | ||
| Q1 24 | $111.1M | — |
总债务AHTOS
| 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 | — |
股东权益AHTOS
| Q4 25 | $-626.4M | $504.7M | ||
| Q3 25 | $-548.7M | $472.1M | ||
| Q2 25 | $-485.5M | $458.2M | ||
| Q1 25 | $-446.1M | $412.9M | ||
| Q4 24 | $-419.2M | $386.2M | ||
| Q3 24 | $-288.4M | $458.2M | ||
| Q2 24 | $-225.9M | $97.5M | ||
| Q1 24 | $-276.8M | $102.5M |
总资产AHTOS
| Q4 25 | $2.8B | $1.0B | ||
| Q3 25 | $3.0B | $949.4M | ||
| Q2 25 | $3.1B | $910.5M | ||
| Q1 25 | $3.1B | $867.3M | ||
| Q4 24 | $3.2B | $823.2M | ||
| Q3 24 | $3.3B | $750.1M | ||
| Q2 24 | $3.3B | $379.7M | ||
| Q1 24 | $3.5B | — |
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 | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $25.6M |
| 自由现金流率自由现金流/营收 | -33.5% | 15.7% |
| 资本支出强度资本支出/营收 | 27.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 25.79× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $95.6M |
8季度趋势，按日历期对齐
经营现金流AHTOS
| Q4 25 | $-15.7M | $25.8M | ||
| Q3 25 | $5.5M | $5.0M | ||
| Q2 25 | $16.3M | $29.7M | ||
| Q1 25 | $-25.0M | $36.2M | ||
| Q4 24 | $-23.6M | — | ||
| Q3 24 | $795.0K | $2.4M | ||
| Q2 24 | $8.0M | $8.1M | ||
| Q1 24 | $-46.5M | $25.5M |
自由现金流AHTOS
| Q4 25 | $-86.8M | $25.6M | ||
| Q3 25 | $-226.0K | $4.8M | ||
| Q2 25 | $-3.6M | $29.4M | ||
| Q1 25 | $-44.8M | $35.8M | ||
| Q4 24 | $-131.6M | — | ||
| Q3 24 | $-21.8M | $1.3M | ||
| Q2 24 | $-22.9M | $7.7M | ||
| Q1 24 | $-80.4M | $24.9M |
自由现金流率AHTOS
| Q4 25 | -33.5% | 15.7% | ||
| Q3 25 | -0.1% | 3.1% | ||
| Q2 25 | -1.2% | 19.9% | ||
| Q1 25 | -16.2% | 26.3% | ||
| Q4 24 | -47.8% | — | ||
| Q3 24 | -7.9% | 1.0% | ||
| Q2 24 | -7.2% | 6.6% | ||
| Q1 24 | -26.5% | 22.5% |
资本支出强度AHTOS
| Q4 25 | 27.5% | 0.1% | ||
| Q3 25 | 2.1% | 0.1% | ||
| Q2 25 | 6.6% | 0.2% | ||
| Q1 25 | 7.2% | 0.3% | ||
| Q4 24 | 39.2% | — | ||
| Q3 24 | 8.2% | 0.8% | ||
| Q2 24 | 9.8% | 0.3% | ||
| Q1 24 | 11.2% | 0.6% |
现金转化率AHTOS
| Q4 25 | — | 25.79× | ||
| 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% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
