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ASHFORD HOSPITALITY TRUST INC（AHT）与REPLIGEN CORP（RGEN）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REPLIGEN CORP的1.3倍（$259.0M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs -26.8%，领先33.5%），REPLIGEN CORP同比增速更快（13.6% vs -6.0%），REPLIGEN CORP自由现金流更多（$17.6M vs $-86.8M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% 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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
AHT vs RGEN — 直观对比
营收规模更大
AHT
是对方的1.3倍
$197.9M
营收增速更快
RGEN
高出19.6%
-6.0%
净利率更高
RGEN
高出33.5%
-26.8%
自由现金流更多
RGEN
多$104.4M
$-86.8M
两年增速更快
RGEN
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $197.9M |
| 净利润 | $-69.3M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | -2.6% | 9.0% |
| 净利率 | -26.8% | 6.7% |
| 营收同比 | -6.0% | 13.6% |
| 净利润同比 | 44.2% | 143.9% |
| 每股收益（稀释后） | $-12.85 | $0.24 |
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AHTRGEN
| Q4 25 | $259.0M | $197.9M | ||
| Q3 25 | $266.1M | $188.8M | ||
| Q2 25 | $302.0M | $182.4M | ||
| Q1 25 | $277.4M | $169.2M | ||
| Q4 24 | $275.5M | $174.1M | ||
| Q3 24 | $276.6M | $154.9M | ||
| Q2 24 | $316.5M | $154.1M | ||
| Q1 24 | $303.9M | $151.3M |
净利润AHTRGEN
| Q4 25 | $-69.3M | $13.3M | ||
| Q3 25 | $-60.1M | $14.9M | ||
| Q2 25 | $-30.4M | $14.9M | ||
| Q1 25 | $-20.0M | $5.8M | ||
| Q4 24 | $-124.2M | $-30.3M | ||
| Q3 24 | $-57.9M | $-654.0K | ||
| Q2 24 | $50.3M | $3.3M | ||
| Q1 24 | $71.6M | $2.1M |
毛利率AHTRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率AHTRGEN
| Q4 25 | -2.6% | 9.0% | ||
| Q3 25 | 4.6% | 8.9% | ||
| Q2 25 | 16.3% | 7.6% | ||
| Q1 25 | 22.2% | 3.9% | ||
| Q4 24 | -17.8% | -17.7% | ||
| Q3 24 | 7.3% | -5.1% | ||
| Q2 24 | 42.8% | 1.0% | ||
| Q1 24 | 50.2% | 1.3% |
净利率AHTRGEN
| Q4 25 | -26.8% | 6.7% | ||
| Q3 25 | -22.6% | 7.9% | ||
| Q2 25 | -10.1% | 8.2% | ||
| Q1 25 | -7.2% | 3.4% | ||
| Q4 24 | -45.1% | -17.4% | ||
| Q3 24 | -20.9% | -0.4% | ||
| Q2 24 | 15.9% | 2.2% | ||
| Q1 24 | 23.5% | 1.4% |
每股收益（稀释后）AHTRGEN
| Q4 25 | $-12.85 | $0.24 | ||
| Q3 25 | $-11.35 | $0.26 | ||
| Q2 25 | $-6.88 | $0.26 | ||
| Q1 25 | $-4.91 | $0.10 | ||
| Q4 24 | $-13.64 | $-0.55 | ||
| Q3 24 | $-12.39 | $-0.01 | ||
| Q2 24 | $2.50 | $0.06 | ||
| Q1 24 | $5.99 | $0.04 |
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 | $767.6M |
| 总债务越低越好 | $2.5B | $542.2M |
| 股东权益账面价值 | $-626.4M | $2.1B |
| 总资产 | $2.8B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资AHTRGEN
| Q4 25 | $66.1M | $767.6M | ||
| Q3 25 | $81.9M | $748.7M | ||
| Q2 25 | $100.0M | $708.9M | ||
| Q1 25 | $85.8M | $697.2M | ||
| Q4 24 | $112.9M | $757.4M | ||
| Q3 24 | $119.7M | $784.0M | ||
| Q2 24 | $121.8M | $809.1M | ||
| Q1 24 | $111.1M | $780.6M |
总债务AHTRGEN
| Q4 25 | $2.5B | $542.2M | ||
| Q3 25 | $2.6B | $537.9M | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $525.6M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
股东权益AHTRGEN
| Q4 25 | $-626.4M | $2.1B | ||
| Q3 25 | $-548.7M | $2.1B | ||
| Q2 25 | $-485.5M | $2.1B | ||
| Q1 25 | $-446.1M | $2.0B | ||
| Q4 24 | $-419.2M | $2.0B | ||
| Q3 24 | $-288.4M | $2.0B | ||
| Q2 24 | $-225.9M | $2.0B | ||
| Q1 24 | $-276.8M | $2.0B |
总资产AHTRGEN
| Q4 25 | $2.8B | $2.9B | ||
| Q3 25 | $3.0B | $2.9B | ||
| Q2 25 | $3.1B | $2.9B | ||
| Q1 25 | $3.1B | $2.9B | ||
| Q4 24 | $3.2B | $2.8B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.5B | $2.8B |
负债/权益比AHTRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $17.6M |
| 自由现金流率自由现金流/营收 | -33.5% | 8.9% |
| 资本支出强度资本支出/营收 | 27.5% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $93.9M |
8季度趋势，按日历期对齐
经营现金流AHTRGEN
| Q4 25 | $-15.7M | $25.7M | ||
| Q3 25 | $5.5M | $48.1M | ||
| Q2 25 | $16.3M | $28.6M | ||
| Q1 25 | $-25.0M | $15.0M | ||
| Q4 24 | $-23.6M | $39.2M | ||
| Q3 24 | $795.0K | $49.3M | ||
| Q2 24 | $8.0M | $42.2M | ||
| Q1 24 | $-46.5M | $44.7M |
自由现金流AHTRGEN
| Q4 25 | $-86.8M | $17.6M | ||
| Q3 25 | $-226.0K | $43.4M | ||
| Q2 25 | $-3.6M | $21.5M | ||
| Q1 25 | $-44.8M | $11.4M | ||
| Q4 24 | $-131.6M | $33.6M | ||
| Q3 24 | $-21.8M | $42.3M | ||
| Q2 24 | $-22.9M | $37.4M | ||
| Q1 24 | $-80.4M | $36.4M |
自由现金流率AHTRGEN
| Q4 25 | -33.5% | 8.9% | ||
| Q3 25 | -0.1% | 23.0% | ||
| Q2 25 | -1.2% | 11.8% | ||
| Q1 25 | -16.2% | 6.8% | ||
| Q4 24 | -47.8% | 19.3% | ||
| Q3 24 | -7.9% | 27.3% | ||
| Q2 24 | -7.2% | 24.3% | ||
| Q1 24 | -26.5% | 24.0% |
资本支出强度AHTRGEN
| Q4 25 | 27.5% | 4.1% | ||
| Q3 25 | 2.1% | 2.5% | ||
| Q2 25 | 6.6% | 3.9% | ||
| Q1 25 | 7.2% | 2.1% | ||
| Q4 24 | 39.2% | 3.2% | ||
| Q3 24 | 8.2% | 4.5% | ||
| Q2 24 | 9.8% | 3.1% | ||
| Q1 24 | 11.2% | 5.5% |
现金转化率AHTRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | 12.70× | ||
| Q1 24 | -0.65× | 21.35× |
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% |
RGEN
暂无分部数据
