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ASHFORD HOSPITALITY TRUST INC（AHT）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.3倍（$331.3M vs $259.0M），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.净利率更高（0.0% vs -26.8%，领先26.8%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs -6.0%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.自由现金流更多（$8.7M vs $-86.8M），过去两年SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的营收复合增速更高（-5.4% 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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
AHT vs SPWH — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $331.3M |
| 净利润 | $-69.3M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | -2.6% | 1.3% |
| 净利率 | -26.8% | 0.0% |
| 营收同比 | -6.0% | 2.2% |
| 净利润同比 | 44.2% | -97.8% |
| 每股收益（稀释后） | $-12.85 | $0.00 |
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
| Q4 25 | $259.0M | $331.3M | ||
| Q3 25 | $266.1M | $293.9M | ||
| Q2 25 | $302.0M | $249.1M | ||
| Q1 25 | $277.4M | $340.4M | ||
| Q4 24 | $275.5M | $324.3M | ||
| Q3 24 | $276.6M | $288.7M | ||
| Q2 24 | $316.5M | $244.2M | ||
| Q1 24 | $303.9M | $370.4M |
| Q4 25 | $-69.3M | $8.0K | ||
| Q3 25 | $-60.1M | $-7.1M | ||
| Q2 25 | $-30.4M | $-21.3M | ||
| Q1 25 | $-20.0M | $-8.7M | ||
| Q4 24 | $-124.2M | $-364.0K | ||
| Q3 24 | $-57.9M | $-5.9M | ||
| Q2 24 | $50.3M | $-18.1M | ||
| Q1 24 | $71.6M | $-8.7M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 26.8% |
| Q4 25 | -2.6% | 1.3% | ||
| Q3 25 | 4.6% | -1.1% | ||
| Q2 25 | 16.3% | -7.9% | ||
| Q1 25 | 22.2% | 1.1% | ||
| Q4 24 | -17.8% | 1.0% | ||
| Q3 24 | 7.3% | -1.5% | ||
| Q2 24 | 42.8% | -8.4% | ||
| Q1 24 | 50.2% | -2.1% |
| Q4 25 | -26.8% | 0.0% | ||
| Q3 25 | -22.6% | -2.4% | ||
| Q2 25 | -10.1% | -8.5% | ||
| Q1 25 | -7.2% | -2.6% | ||
| Q4 24 | -45.1% | -0.1% | ||
| Q3 24 | -20.9% | -2.0% | ||
| Q2 24 | 15.9% | -7.4% | ||
| Q1 24 | 23.5% | -2.4% |
| Q4 25 | $-12.85 | $0.00 | ||
| Q3 25 | $-11.35 | $-0.18 | ||
| Q2 25 | $-6.88 | $-0.56 | ||
| Q1 25 | $-4.91 | $-0.22 | ||
| Q4 24 | $-13.64 | $-0.01 | ||
| Q3 24 | $-12.39 | $-0.16 | ||
| Q2 24 | $2.50 | $-0.48 | ||
| Q1 24 | $5.99 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $2.5B | $44.0M |
| 股东权益账面价值 | $-626.4M | $209.5M |
| 总资产 | $2.8B | $913.9M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | $66.1M | $2.2M | ||
| Q3 25 | $81.9M | $1.8M | ||
| Q2 25 | $100.0M | $3.6M | ||
| Q1 25 | $85.8M | $2.8M | ||
| Q4 24 | $112.9M | $2.7M | ||
| Q3 24 | $119.7M | $2.6M | ||
| Q2 24 | $121.8M | $2.2M | ||
| Q1 24 | $111.1M | $3.1M |
| Q4 25 | $2.5B | $44.0M | ||
| Q3 25 | $2.6B | $43.9M | ||
| Q2 25 | $2.6B | $24.1M | ||
| Q1 25 | $2.7B | $24.1M | ||
| Q4 24 | $2.6B | $24.0M | ||
| Q3 24 | $2.7B | $24.0M | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $209.5M | ||
| Q3 25 | $-548.7M | $208.9M | ||
| Q2 25 | $-485.5M | $215.1M | ||
| Q1 25 | $-446.1M | $235.7M | ||
| Q4 24 | $-419.2M | $243.6M | ||
| Q3 24 | $-288.4M | $243.0M | ||
| Q2 24 | $-225.9M | $247.5M | ||
| Q1 24 | $-276.8M | $264.6M |
| Q4 25 | $2.8B | $913.9M | ||
| Q3 25 | $3.0B | $948.9M | ||
| Q2 25 | $3.1B | $929.7M | ||
| Q1 25 | $3.1B | $852.1M | ||
| Q4 24 | $3.2B | $967.7M | ||
| Q3 24 | $3.3B | $901.9M | ||
| Q2 24 | $3.3B | $930.4M | ||
| Q1 24 | $3.5B | $886.2M |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $8.7M |
| 自由现金流率自由现金流/营收 | -33.5% | 2.6% |
| 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 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $-15.7M | $16.3M | ||
| Q3 25 | $5.5M | $-26.6M | ||
| Q2 25 | $16.3M | $-60.2M | ||
| Q1 25 | $-25.0M | $52.8M | ||
| Q4 24 | $-23.6M | $-2.5M | ||
| Q3 24 | $795.0K | $18.5M | ||
| Q2 24 | $8.0M | $-34.6M | ||
| Q1 24 | $-46.5M | $68.9M |
| Q4 25 | $-86.8M | $8.7M | ||
| Q3 25 | $-226.0K | $-33.9M | ||
| Q2 25 | $-3.6M | $-64.0M | ||
| Q1 25 | $-44.8M | $49.6M | ||
| Q4 24 | $-131.6M | $-6.2M | ||
| Q3 24 | $-21.8M | $14.1M | ||
| Q2 24 | $-22.9M | $-38.0M | ||
| Q1 24 | $-80.4M | $60.2M |
| Q4 25 | -33.5% | 2.6% | ||
| Q3 25 | -0.1% | -11.5% | ||
| Q2 25 | -1.2% | -25.7% | ||
| Q1 25 | -16.2% | 14.6% | ||
| Q4 24 | -47.8% | -1.9% | ||
| Q3 24 | -7.9% | 4.9% | ||
| Q2 24 | -7.2% | -15.5% | ||
| Q1 24 | -26.5% | 16.2% |
| Q4 25 | 27.5% | 2.3% | ||
| Q3 25 | 2.1% | 2.5% | ||
| Q2 25 | 6.6% | 1.5% | ||
| Q1 25 | 7.2% | 1.0% | ||
| Q4 24 | 39.2% | 1.1% | ||
| Q3 24 | 8.2% | 1.5% | ||
| Q2 24 | 9.8% | 1.4% | ||
| Q1 24 | 11.2% | 2.4% |
| Q4 25 | — | 2038.00× | ||
| 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% |
SPWH
暂无分部数据
