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ASHFORD HOSPITALITY TRUST INC（AHT）与Proto Labs Inc（PRLB）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Proto Labs Inc的1.9倍（$259.0M vs $139.3M），Proto Labs Inc净利率更高（5.8% vs -26.8%，领先32.6%），Proto Labs Inc同比增速更快（10.4% vs -6.0%），过去两年Proto Labs Inc的营收复合增速更高（5.3% 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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
AHT vs PRLB — 直观对比
营收规模更大
AHT
是对方的1.9倍
$139.3M
营收增速更快
PRLB
高出16.4%
-6.0%
净利率更高
PRLB
高出32.6%
-26.8%
两年增速更快
PRLB
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $139.3M |
| 净利润 | $-69.3M | $8.1M |
| 毛利率 | — | 45.6% |
| 营业利润率 | -2.6% | 7.1% |
| 净利率 | -26.8% | 5.8% |
| 营收同比 | -6.0% | 10.4% |
| 净利润同比 | 44.2% | 125.4% |
| 每股收益（稀释后） | $-12.85 | $0.29 |
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AHTPRLB
| Q1 26 | — | $139.3M | ||
| Q4 25 | $259.0M | $136.5M | ||
| Q3 25 | $266.1M | $135.4M | ||
| Q2 25 | $302.0M | $135.1M | ||
| Q1 25 | $277.4M | $126.2M | ||
| Q4 24 | $275.5M | $121.8M | ||
| Q3 24 | $276.6M | $125.6M | ||
| Q2 24 | $316.5M | $125.6M |
净利润AHTPRLB
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-69.3M | — | ||
| Q3 25 | $-60.1M | $7.2M | ||
| Q2 25 | $-30.4M | $4.4M | ||
| Q1 25 | $-20.0M | $3.6M | ||
| Q4 24 | $-124.2M | — | ||
| Q3 24 | $-57.9M | $7.2M | ||
| Q2 24 | $50.3M | $4.5M |
毛利率AHTPRLB
| Q1 26 | — | 45.6% | ||
| Q4 25 | — | 44.2% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 45.0% |
营业利润率AHTPRLB
| Q1 26 | — | 7.1% | ||
| Q4 25 | -2.6% | 5.0% | ||
| Q3 25 | 4.6% | 6.5% | ||
| Q2 25 | 16.3% | 3.7% | ||
| Q1 25 | 22.2% | 3.6% | ||
| Q4 24 | -17.8% | -1.2% | ||
| Q3 24 | 7.3% | 6.8% | ||
| Q2 24 | 42.8% | 4.8% |
净利率AHTPRLB
| Q1 26 | — | 5.8% | ||
| Q4 25 | -26.8% | — | ||
| Q3 25 | -22.6% | 5.3% | ||
| Q2 25 | -10.1% | 3.3% | ||
| Q1 25 | -7.2% | 2.9% | ||
| Q4 24 | -45.1% | — | ||
| Q3 24 | -20.9% | 5.7% | ||
| Q2 24 | 15.9% | 3.6% |
每股收益（稀释后）AHTPRLB
| Q1 26 | — | $0.29 | ||
| Q4 25 | $-12.85 | $0.25 | ||
| Q3 25 | $-11.35 | $0.30 | ||
| Q2 25 | $-6.88 | $0.18 | ||
| Q1 25 | $-4.91 | $0.15 | ||
| Q4 24 | $-13.64 | $-0.01 | ||
| Q3 24 | $-12.39 | $0.29 | ||
| Q2 24 | $2.50 | $0.18 |
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 | $124.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $683.1M |
| 总资产 | $2.8B | $778.6M |
| 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AHTPRLB
| Q1 26 | — | $124.0M | ||
| Q4 25 | $66.1M | $128.1M | ||
| Q3 25 | $81.9M | $119.2M | ||
| Q2 25 | $100.0M | $103.2M | ||
| Q1 25 | $85.8M | $96.8M | ||
| Q4 24 | $112.9M | $103.1M | ||
| Q3 24 | $119.7M | $100.5M | ||
| Q2 24 | $121.8M | $112.9M |
总债务AHTPRLB
| 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 | — |
股东权益AHTPRLB
| Q1 26 | — | $683.1M | ||
| Q4 25 | $-626.4M | $673.9M | ||
| Q3 25 | $-548.7M | $664.7M | ||
| Q2 25 | $-485.5M | $664.7M | ||
| Q1 25 | $-446.1M | $656.8M | ||
| Q4 24 | $-419.2M | $670.2M | ||
| Q3 24 | $-288.4M | $680.0M | ||
| Q2 24 | $-225.9M | $685.2M |
总资产AHTPRLB
| Q1 26 | — | $778.6M | ||
| Q4 25 | $2.8B | $763.4M | ||
| Q3 25 | $3.0B | $756.9M | ||
| Q2 25 | $3.1B | $743.3M | ||
| Q1 25 | $3.1B | $737.5M | ||
| Q4 24 | $3.2B | $743.5M | ||
| Q3 24 | $3.3B | $753.8M | ||
| Q2 24 | $3.3B | $758.2M |
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 | $17.5M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | — |
| 自由现金流率自由现金流/营收 | -33.5% | — |
| 资本支出强度资本支出/营收 | 27.5% | — |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | — |
8季度趋势，按日历期对齐
经营现金流AHTPRLB
| Q1 26 | — | $17.5M | ||
| Q4 25 | $-15.7M | $16.5M | ||
| Q3 25 | $5.5M | $29.1M | ||
| Q2 25 | $16.3M | $10.6M | ||
| Q1 25 | $-25.0M | $18.4M | ||
| Q4 24 | $-23.6M | $17.3M | ||
| Q3 24 | $795.0K | $24.8M | ||
| Q2 24 | $8.0M | $14.4M |
自由现金流AHTPRLB
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $8.4M | ||
| Q3 25 | $-226.0K | $25.0M | ||
| Q2 25 | $-3.6M | $9.1M | ||
| Q1 25 | $-44.8M | $17.1M | ||
| Q4 24 | $-131.6M | $16.5M | ||
| Q3 24 | $-21.8M | $23.2M | ||
| Q2 24 | $-22.9M | $10.2M |
自由现金流率AHTPRLB
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | 6.2% | ||
| Q3 25 | -0.1% | 18.5% | ||
| Q2 25 | -1.2% | 6.7% | ||
| Q1 25 | -16.2% | 13.6% | ||
| Q4 24 | -47.8% | 13.5% | ||
| Q3 24 | -7.9% | 18.5% | ||
| Q2 24 | -7.2% | 8.2% |
资本支出强度AHTPRLB
| Q1 26 | — | — | ||
| Q4 25 | 27.5% | 5.9% | ||
| Q3 25 | 2.1% | 3.0% | ||
| Q2 25 | 6.6% | 1.1% | ||
| Q1 25 | 7.2% | 1.0% | ||
| Q4 24 | 39.2% | 0.7% | ||
| Q3 24 | 8.2% | 1.2% | ||
| Q2 24 | 9.8% | 3.3% |
现金转化率AHTPRLB
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | 0.16× | 3.18× |
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% |
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
