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ASHFORD HOSPITALITY TRUST INC（AHT）与UNITIL CORP（UTL）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UNITIL CORP的1.6倍（$259.0M vs $161.5M），UNITIL CORP净利率更高（11.8% vs -26.8%，领先38.5%），UNITIL CORP同比增速更快（26.7% vs -6.0%），UNITIL CORP自由现金流更多（$-36.3M vs $-86.8M），过去两年UNITIL CORP的营收复合增速更高（-4.9% 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。
Unitil是一家跨州电力与天然气公用事业公司，业务覆盖美国新罕布什尔州、马萨诸塞州与缅因州。公司最早前身是1849年在缅因州成立的波特兰煤气灯公司，现企业主体于1984年设立，总部位于新罕布什尔州。目前公司总市值约6.8651亿美元，为约10.24万电力客户、超7.59万天然气客户提供服务。
AHT vs UTL — 直观对比
营收规模更大
AHT
是对方的1.6倍
$161.5M
营收增速更快
UTL
高出32.7%
-6.0%
净利率更高
UTL
高出38.5%
-26.8%
自由现金流更多
UTL
多$50.5M
$-86.8M
两年增速更快
UTL
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $161.5M |
| 净利润 | $-69.3M | $19.0M |
| 毛利率 | — | — |
| 营业利润率 | -2.6% | 21.5% |
| 净利率 | -26.8% | 11.8% |
| 营收同比 | -6.0% | 26.7% |
| 净利润同比 | 44.2% | 21.8% |
| 每股收益（稀释后） | $-12.85 | $1.05 |
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AHTUTL
| Q4 25 | $259.0M | $161.5M | ||
| Q3 25 | $266.1M | $101.1M | ||
| Q2 25 | $302.0M | $102.6M | ||
| Q1 25 | $277.4M | $170.8M | ||
| Q4 24 | $275.5M | $127.5M | ||
| Q3 24 | $276.6M | $92.9M | ||
| Q2 24 | $316.5M | $95.7M | ||
| Q1 24 | $303.9M | $178.7M |
净利润AHTUTL
| Q4 25 | $-69.3M | $19.0M | ||
| Q3 25 | $-60.1M | $-300.0K | ||
| Q2 25 | $-30.4M | $4.0M | ||
| Q1 25 | $-20.0M | $27.5M | ||
| Q4 24 | $-124.2M | $15.6M | ||
| Q3 24 | $-57.9M | $0 | ||
| Q2 24 | $50.3M | $4.3M | ||
| Q1 24 | $71.6M | $27.2M |
营业利润率AHTUTL
| Q4 25 | -2.6% | 21.5% | ||
| Q3 25 | 4.6% | 6.9% | ||
| Q2 25 | 16.3% | 13.0% | ||
| Q1 25 | 22.2% | 27.0% | ||
| Q4 24 | -17.8% | 22.1% | ||
| Q3 24 | 7.3% | 6.2% | ||
| Q2 24 | 42.8% | 13.0% | ||
| Q1 24 | 50.2% | 24.7% |
净利率AHTUTL
| Q4 25 | -26.8% | 11.8% | ||
| Q3 25 | -22.6% | -0.3% | ||
| Q2 25 | -10.1% | 3.9% | ||
| Q1 25 | -7.2% | 16.1% | ||
| Q4 24 | -45.1% | 12.2% | ||
| Q3 24 | -20.9% | — | ||
| Q2 24 | 15.9% | 4.5% | ||
| Q1 24 | 23.5% | 15.2% |
每股收益（稀释后）AHTUTL
| Q4 25 | $-12.85 | $1.05 | ||
| Q3 25 | $-11.35 | $-0.02 | ||
| Q2 25 | $-6.88 | $0.25 | ||
| Q1 25 | $-4.91 | $1.69 | ||
| Q4 24 | $-13.64 | $0.97 | ||
| Q3 24 | $-12.39 | $0.00 | ||
| Q2 24 | $2.50 | $0.27 | ||
| Q1 24 | $5.99 | $1.69 |
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 | $15.6M |
| 总债务越低越好 | $2.5B | $670.5M |
| 股东权益账面价值 | $-626.4M | $609.6M |
| 总资产 | $2.8B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资AHTUTL
| Q4 25 | $66.1M | $15.6M | ||
| Q3 25 | $81.9M | $14.6M | ||
| Q2 25 | $100.0M | $8.5M | ||
| Q1 25 | $85.8M | $10.2M | ||
| Q4 24 | $112.9M | $6.3M | ||
| Q3 24 | $119.7M | $6.3M | ||
| Q2 24 | $121.8M | $2.8M | ||
| Q1 24 | $111.1M | $6.3M |
总债务AHTUTL
| Q4 25 | $2.5B | $670.5M | ||
| Q3 25 | $2.6B | $670.5M | ||
| Q2 25 | $2.6B | $640.7M | ||
| Q1 25 | $2.7B | $642.1M | ||
| Q4 24 | $2.6B | $643.3M | ||
| Q3 24 | $2.7B | $643.3M | ||
| Q2 24 | $2.8B | $511.3M | ||
| Q1 24 | $2.9B | $512.8M |
股东权益AHTUTL
| Q4 25 | $-626.4M | $609.6M | ||
| Q3 25 | $-548.7M | $597.2M | ||
| Q2 25 | $-485.5M | $532.8M | ||
| Q1 25 | $-446.1M | $534.1M | ||
| Q4 24 | $-419.2M | $512.5M | ||
| Q3 24 | $-288.4M | $502.4M | ||
| Q2 24 | $-225.9M | $508.8M | ||
| Q1 24 | $-276.8M | $510.8M |
总资产AHTUTL
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $3.0B | $1.9B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.3B | $1.7B | ||
| Q2 24 | $3.3B | $1.7B | ||
| Q1 24 | $3.5B | $1.7B |
负债/权益比AHTUTL
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.00× |
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 | $21.4M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $-36.3M |
| 自由现金流率自由现金流/营收 | -33.5% | -22.5% |
| 资本支出强度资本支出/营收 | 27.5% | 35.7% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $-53.8M |
8季度趋势，按日历期对齐
经营现金流AHTUTL
| Q4 25 | $-15.7M | $21.4M | ||
| Q3 25 | $5.5M | $15.6M | ||
| Q2 25 | $16.3M | $42.2M | ||
| Q1 25 | $-25.0M | $52.1M | ||
| Q4 24 | $-23.6M | $23.3M | ||
| Q3 24 | $795.0K | $26.1M | ||
| Q2 24 | $8.0M | $49.9M | ||
| Q1 24 | $-46.5M | $26.6M |
自由现金流AHTUTL
| Q4 25 | $-86.8M | $-36.3M | ||
| Q3 25 | $-226.0K | $-39.0M | ||
| Q2 25 | $-3.6M | $2.0M | ||
| Q1 25 | $-44.8M | $19.5M | ||
| Q4 24 | $-131.6M | $-32.3M | ||
| Q3 24 | $-21.8M | $-31.3M | ||
| Q2 24 | $-22.9M | $13.2M | ||
| Q1 24 | $-80.4M | $6.4M |
自由现金流率AHTUTL
| Q4 25 | -33.5% | -22.5% | ||
| Q3 25 | -0.1% | -38.6% | ||
| Q2 25 | -1.2% | 1.9% | ||
| Q1 25 | -16.2% | 11.4% | ||
| Q4 24 | -47.8% | -25.3% | ||
| Q3 24 | -7.9% | -33.7% | ||
| Q2 24 | -7.2% | 13.8% | ||
| Q1 24 | -26.5% | 3.6% |
资本支出强度AHTUTL
| Q4 25 | 27.5% | 35.7% | ||
| Q3 25 | 2.1% | 54.0% | ||
| Q2 25 | 6.6% | 39.2% | ||
| Q1 25 | 7.2% | 19.1% | ||
| Q4 24 | 39.2% | 43.6% | ||
| Q3 24 | 8.2% | 61.8% | ||
| Q2 24 | 9.8% | 38.3% | ||
| Q1 24 | 11.2% | 11.3% |
现金转化率AHTUTL
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.55× | ||
| Q1 25 | — | 1.89× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.16× | 11.60× | ||
| Q1 24 | -0.65× | 0.98× |
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% |
UTL
暂无分部数据
