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ASHFORD HOSPITALITY TRUST INC（AHT）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是ASHFORD HOSPITALITY TRUST INC的1.3倍（$339.5M vs $259.0M），Westrock Coffee Co净利率更高（-6.6% vs -26.8%，领先20.1%），Westrock Coffee Co同比增速更快（48.3% vs -6.0%），Westrock Coffee Co自由现金流更多（$27.8M vs $-86.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% 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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
AHT vs WEST — 直观对比
营收规模更大
WEST
是对方的1.3倍
$259.0M
营收增速更快
WEST
高出54.3%
-6.0%
净利率更高
WEST
高出20.1%
-26.8%
自由现金流更多
WEST
多$114.6M
$-86.8M
两年增速更快
WEST
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $259.0M | $339.5M |
| 净利润 | $-69.3M | $-22.6M |
| 毛利率 | — | 11.5% |
| 营业利润率 | -2.6% | -2.6% |
| 净利率 | -26.8% | -6.6% |
| 营收同比 | -6.0% | 48.3% |
| 净利润同比 | 44.2% | 8.3% |
| 每股收益（稀释后） | $-12.85 | $-0.22 |
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AHTWEST
| Q4 25 | $259.0M | $339.5M | ||
| Q3 25 | $266.1M | $354.8M | ||
| Q2 25 | $302.0M | $280.9M | ||
| Q1 25 | $277.4M | $213.8M | ||
| Q4 24 | $275.5M | $229.0M | ||
| Q3 24 | $276.6M | $220.9M | ||
| Q2 24 | $316.5M | $208.4M | ||
| Q1 24 | $303.9M | $192.5M |
净利润AHTWEST
| Q4 25 | $-69.3M | $-22.6M | ||
| Q3 25 | $-60.1M | $-19.1M | ||
| Q2 25 | $-30.4M | $-21.6M | ||
| Q1 25 | $-20.0M | $-27.2M | ||
| Q4 24 | $-124.2M | $-24.6M | ||
| Q3 24 | $-57.9M | $-14.3M | ||
| Q2 24 | $50.3M | $-17.8M | ||
| Q1 24 | $71.6M | $-23.7M |
毛利率AHTWEST
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
营业利润率AHTWEST
| Q4 25 | -2.6% | -2.6% | ||
| Q3 25 | 4.6% | -2.4% | ||
| Q2 25 | 16.3% | -5.3% | ||
| Q1 25 | 22.2% | -6.1% | ||
| Q4 24 | -17.8% | -4.3% | ||
| Q3 24 | 7.3% | -5.8% | ||
| Q2 24 | 42.8% | -7.9% | ||
| Q1 24 | 50.2% | -5.3% |
净利率AHTWEST
| Q4 25 | -26.8% | -6.6% | ||
| Q3 25 | -22.6% | -5.4% | ||
| Q2 25 | -10.1% | -7.7% | ||
| Q1 25 | -7.2% | -12.7% | ||
| Q4 24 | -45.1% | -10.7% | ||
| Q3 24 | -20.9% | -6.5% | ||
| Q2 24 | 15.9% | -8.5% | ||
| Q1 24 | 23.5% | -12.3% |
每股收益（稀释后）AHTWEST
| Q4 25 | $-12.85 | $-0.22 | ||
| Q3 25 | $-11.35 | $-0.20 | ||
| Q2 25 | $-6.88 | $-0.23 | ||
| Q1 25 | $-4.91 | $-0.29 | ||
| Q4 24 | $-13.64 | $-0.26 | ||
| Q3 24 | $-12.39 | $-0.16 | ||
| Q2 24 | $2.50 | $-0.20 | ||
| Q1 24 | $5.99 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $2.5B | $444.1M |
| 股东权益账面价值 | $-626.4M | $-1.9M |
| 总资产 | $2.8B | $1.2B |
| 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AHTWEST
| Q4 25 | $66.1M | $49.9M | ||
| Q3 25 | $81.9M | $34.0M | ||
| Q2 25 | $100.0M | $44.0M | ||
| Q1 25 | $85.8M | $33.1M | ||
| Q4 24 | $112.9M | $26.2M | ||
| Q3 24 | $119.7M | $22.4M | ||
| Q2 24 | $121.8M | $24.3M | ||
| Q1 24 | $111.1M | $12.6M |
总债务AHTWEST
| Q4 25 | $2.5B | $444.1M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $393.1M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
股东权益AHTWEST
| Q4 25 | $-626.4M | $-1.9M | ||
| Q3 25 | $-548.7M | $11.4M | ||
| Q2 25 | $-485.5M | $18.2M | ||
| Q1 25 | $-446.1M | $71.4M | ||
| Q4 24 | $-419.2M | $97.5M | ||
| Q3 24 | $-288.4M | $110.3M | ||
| Q2 24 | $-225.9M | $81.5M | ||
| Q1 24 | $-276.8M | $91.7M |
总资产AHTWEST
| Q4 25 | $2.8B | $1.2B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $3.3B | $1.1B | ||
| Q2 24 | $3.3B | $1.1B | ||
| Q1 24 | $3.5B | $983.3M |
负债/权益比AHTWEST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $-86.8M | $27.8M |
| 自由现金流率自由现金流/营收 | -33.5% | 8.2% |
| 资本支出强度资本支出/营收 | 27.5% | 2.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-135.5M | $-107.8M |
8季度趋势，按日历期对齐
经营现金流AHTWEST
| Q4 25 | $-15.7M | $36.7M | ||
| Q3 25 | $5.5M | $-26.6M | ||
| Q2 25 | $16.3M | $-7.0M | ||
| Q1 25 | $-25.0M | $-22.1M | ||
| Q4 24 | $-23.6M | $2.8M | ||
| Q3 24 | $795.0K | $-332.0K | ||
| Q2 24 | $8.0M | $-23.7M | ||
| Q1 24 | $-46.5M | $8.0M |
自由现金流AHTWEST
| Q4 25 | $-86.8M | $27.8M | ||
| Q3 25 | $-226.0K | $-44.7M | ||
| Q2 25 | $-3.6M | $-27.5M | ||
| Q1 25 | $-44.8M | $-63.4M | ||
| Q4 24 | $-131.6M | $-15.4M | ||
| Q3 24 | $-21.8M | $-36.7M | ||
| Q2 24 | $-22.9M | $-59.9M | ||
| Q1 24 | $-80.4M | $-60.9M |
自由现金流率AHTWEST
| Q4 25 | -33.5% | 8.2% | ||
| Q3 25 | -0.1% | -12.6% | ||
| Q2 25 | -1.2% | -9.8% | ||
| Q1 25 | -16.2% | -29.7% | ||
| Q4 24 | -47.8% | -6.7% | ||
| Q3 24 | -7.9% | -16.6% | ||
| Q2 24 | -7.2% | -28.7% | ||
| Q1 24 | -26.5% | -31.7% |
资本支出强度AHTWEST
| Q4 25 | 27.5% | 2.6% | ||
| Q3 25 | 2.1% | 5.1% | ||
| Q2 25 | 6.6% | 7.3% | ||
| Q1 25 | 7.2% | 19.3% | ||
| Q4 24 | 39.2% | 7.9% | ||
| Q3 24 | 8.2% | 16.5% | ||
| Q2 24 | 9.8% | 17.4% | ||
| Q1 24 | 11.2% | 35.8% |
现金转化率AHTWEST
| Q4 25 | — | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
