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ASHFORD HOSPITALITY TRUST INC（AHT）与ROGERS CORP（ROG）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ROGERS CORP的1.3倍（$259.0M vs $200.5M），ROGERS CORP净利率更高（2.2% vs -26.8%，领先29.0%），ROGERS CORP同比增速更快（5.2% vs -6.0%），ROGERS CORP自由现金流更多（$1.1M vs $-86.8M），过去两年ROGERS CORP的营收复合增速更高（-3.3% 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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
AHT vs ROG — 直观对比
营收规模更大
AHT
是对方的1.3倍
$200.5M
营收增速更快
ROG
高出11.2%
-6.0%
净利率更高
ROG
高出29.0%
-26.8%
自由现金流更多
ROG
多$87.9M
$-86.8M
两年增速更快
ROG
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $200.5M |
| 净利润 | $-69.3M | $4.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | -2.6% | — |
| 净利率 | -26.8% | 2.2% |
| 营收同比 | -6.0% | 5.2% |
| 净利润同比 | 44.2% | 421.4% |
| 每股收益（稀释后） | $-12.85 | $0.25 |
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AHTROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $259.0M | $201.5M | ||
| Q3 25 | $266.1M | $216.0M | ||
| Q2 25 | $302.0M | $202.8M | ||
| Q1 25 | $277.4M | $190.5M | ||
| Q4 24 | $275.5M | $192.2M | ||
| Q3 24 | $276.6M | $210.3M | ||
| Q2 24 | $316.5M | $214.2M |
净利润AHTROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-69.3M | $4.6M | ||
| Q3 25 | $-60.1M | $8.6M | ||
| Q2 25 | $-30.4M | $-73.6M | ||
| Q1 25 | $-20.0M | $-1.4M | ||
| Q4 24 | $-124.2M | $-500.0K | ||
| Q3 24 | $-57.9M | $10.7M | ||
| Q2 24 | $50.3M | $8.1M |
毛利率AHTROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
营业利润率AHTROG
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 3.5% | ||
| Q3 25 | 4.6% | 7.3% | ||
| Q2 25 | 16.3% | -33.3% | ||
| Q1 25 | 22.2% | -0.2% | ||
| Q4 24 | -17.8% | -6.6% | ||
| Q3 24 | 7.3% | 6.9% | ||
| Q2 24 | 42.8% | 5.3% |
净利率AHTROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | -26.8% | 2.3% | ||
| Q3 25 | -22.6% | 4.0% | ||
| Q2 25 | -10.1% | -36.3% | ||
| Q1 25 | -7.2% | -0.7% | ||
| Q4 24 | -45.1% | -0.3% | ||
| Q3 24 | -20.9% | 5.1% | ||
| Q2 24 | 15.9% | 3.8% |
每股收益（稀释后）AHTROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-12.85 | $0.20 | ||
| Q3 25 | $-11.35 | $0.48 | ||
| Q2 25 | $-6.88 | $-4.00 | ||
| Q1 25 | $-4.91 | $-0.08 | ||
| Q4 24 | $-13.64 | $-0.04 | ||
| Q3 24 | $-12.39 | $0.58 | ||
| Q2 24 | $2.50 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-626.4M | $1.2B |
| 总资产 | $2.8B | $1.4B |
| 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AHTROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $66.1M | $197.0M | ||
| Q3 25 | $81.9M | $167.8M | ||
| Q2 25 | $100.0M | $157.2M | ||
| Q1 25 | $85.8M | $175.6M | ||
| Q4 24 | $112.9M | $159.8M | ||
| Q3 24 | $119.7M | $146.4M | ||
| Q2 24 | $121.8M | $119.9M |
总债务AHTROG
| 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AHTROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $-626.4M | $1.2B | ||
| Q3 25 | $-548.7M | $1.2B | ||
| Q2 25 | $-485.5M | $1.2B | ||
| Q1 25 | $-446.1M | $1.3B | ||
| Q4 24 | $-419.2M | $1.3B | ||
| Q3 24 | $-288.4M | $1.3B | ||
| Q2 24 | $-225.9M | $1.3B |
总资产AHTROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.3B | $1.5B |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $1.1M |
| 自由现金流率自由现金流/营收 | -33.5% | 0.5% |
| 资本支出强度资本支出/营收 | 27.5% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $70.1M |
8季度趋势，按日历期对齐
经营现金流AHTROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $-15.7M | $46.9M | ||
| Q3 25 | $5.5M | $28.9M | ||
| Q2 25 | $16.3M | $13.7M | ||
| Q1 25 | $-25.0M | $11.7M | ||
| Q4 24 | $-23.6M | $33.7M | ||
| Q3 24 | $795.0K | $42.4M | ||
| Q2 24 | $8.0M | $22.9M |
自由现金流AHTROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $-86.8M | $42.2M | ||
| Q3 25 | $-226.0K | $21.2M | ||
| Q2 25 | $-3.6M | $5.6M | ||
| Q1 25 | $-44.8M | $2.1M | ||
| Q4 24 | $-131.6M | $18.3M | ||
| Q3 24 | $-21.8M | $25.2M | ||
| Q2 24 | $-22.9M | $8.8M |
自由现金流率AHTROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | -33.5% | 20.9% | ||
| Q3 25 | -0.1% | 9.8% | ||
| Q2 25 | -1.2% | 2.8% | ||
| Q1 25 | -16.2% | 1.1% | ||
| Q4 24 | -47.8% | 9.5% | ||
| Q3 24 | -7.9% | 12.0% | ||
| Q2 24 | -7.2% | 4.1% |
资本支出强度AHTROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 27.5% | 2.3% | ||
| Q3 25 | 2.1% | 3.6% | ||
| Q2 25 | 6.6% | 4.0% | ||
| Q1 25 | 7.2% | 5.0% | ||
| Q4 24 | 39.2% | 8.0% | ||
| Q3 24 | 8.2% | 8.2% | ||
| Q2 24 | 9.8% | 6.6% |
现金转化率AHTROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | 0.16× | 2.83× |
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% |
ROG
暂无分部数据
