AHT · Ashford Hospitality Trust Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.10B	$1.17B	$1.37B	$1.24B	$805.41M	$508.24M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$20.78M	$24.66M	$16.18M	$9.88M	$16.15M	$28.05M
Total Operating Expenses	$1.11B	$1.17B	$1.25B	$1.16B	$932.03M	$936.92M
D&A	$141.29M	$152.78M	$187.81M	$201.80M	$218.85M	$252.76M
Operating Income	$116.42M	$259.21M	$130.44M	$76.25M	($125.17M)	($465.37M)
Interest Expense	$256.23M	$273.36M	$366.15M	$227.00M	$156.12M	$247.38M
Income Tax	($143.0K)	$997.0K	$900.0K	$6.34M	$5.95M	($1.33M)
Net Income	($179.84M)	($60.30M)	($178.49M)	($139.82M)	($267.00M)	($543.88M)
EPS - Basic	($35.99)	($17.54)	($5.61)	($4.46)	($12.37)	($33.00)
EPS - Diluted	($35.99)	($17.54)	($5.61)	($4.46)	($12.43)	($33.00)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$66.14M	$112.91M	$165.23M	$417.06M	$592.11M	$92.91M
Accounts Receivable	-	-	-	-	-	-
Inventory	$3.60M	$3.63M	$3.68M	$3.86M	$3.29M	$2.45M
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$2.83B	$3.16B	$3.46B	$3.92B	$4.10B	$3.73B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$2.53B	$2.63B	$3.40B	$3.84B	$3.89B	$3.73B
Total Liabilities	$3.21B	$3.37B	$3.69B	$4.04B	$4.08B	$3.99B
Stockholders' Equity	($626.35M)	($419.24M)	($345.90M)	($150.39M)	($2.65M)	($283.62M)
Retained Earnings	($3.03B)	($2.81B)	($2.73B)	($2.53B)	($2.38B)	($2.09B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	($15.67M)	($23.59M)	$14.39M	$39.22M	($144.19M)	($149.53M)
Investing Cash Flow	$190.76M	$191.28M	($89.75M)	($70.33M)	($34.04M)	($7.60M)
Financing Cash Flow	($179.17M)	($258.75M)	($172.13M)	($101.51M)	$702.56M	($73.76M)
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	10.5%	22.1%	9.5%	6.1%	-15.5%	-91.6%
EBITDA margin	23.3%	35.1%	23.3%	22.4%	11.6%	-41.8%
Net margin	-16.3%	-5.1%	-13.1%	-11.3%	-33.2%	-107.0%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	1.9%	2.1%	1.2%	0.8%	2.0%	5.5%
Effective tax rate	-	-	-	-	-	-
Return on assets	-6.3%	-1.9%	-5.2%	-3.6%	-6.5%	-14.6%
Return on equity	28.7%	14.4%	51.6%	93.0%	10060.5%	191.8%
Return on invested capital	4.8%	9.3%	3.4%	1.6%	-2.5%	-10.7%
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	-4.03	-6.27	-9.82	-25.52	-1464.89	-13.15
Debt / Assets	0.89	0.83	0.98	0.98	0.95	1.00
Debt / EBITDA	9.80	6.38	10.67	13.81	41.50	-
Interest coverage	0.5x	0.9x	0.4x	0.3x	-0.8x	-1.9x
Equity multiplier	-4.52	-7.54	-10.01	-26.05	-1544.14	-13.17
Liabilities / Assets	1.13	1.07	1.06	1.03	1.00	1.07
Efficiency
Asset turnover	0.39	0.37	0.39	0.32	0.20	0.14
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-5.8%	-14.3%	10.2%	54.1%	58.5%	-66.2%
Revenue CAGR (3y)	-3.8%	13.3%	39.1%	-6.2%	-17.4%	-29.3%
Revenue CAGR (5y)	16.8%	-4.8%	-0.9%	-2.9%	-11.6%	-17.6%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-55.1%	98.7%	71.1%	-	73.1%	-
Net income growth (YoY)	-198.2%	66.2%	-27.7%	47.6%	50.9%	-378.6%
EPS growth (YoY)	-105.2%	-212.7%	-25.8%	64.1%	62.3%	-1988.6%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-49.4%	-21.2%	-130.0%	-5566.5%	99.1%	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$2.21B total

Hotel$1.10B · 50.0%

Occupancy$825.62M · 37.4%

Food And Beverage$207.59M · 9.4%

Hotel Other$69.64M · 3.2%

Product And Service Other$1.53M · 0.1%

Geographic

$1.10B total

Other Areas$279.13M · 25.3%

Washington DCMDVAArea$161.69M · 14.6%

Los Angeles CAMetro Area$95.18M · 8.6%

Nashville TNArea$94.92M · 8.6%

Dallas Ft.Worth Area$81.62M · 7.4%

Atlanta GAArea$77.67M · 7.0%

New York New Jersey Metro Area$59.71M · 5.4%

San Francisco Oakland CAMetro Area$46.50M · 4.2%

Tampa FLArea$38.29M · 3.5%

Miami FLMetro Area$38.25M · 3.5%

Houston TXArea$28.60M · 2.6%

Sold Properties$27.11M · 2.5%

Orlando FLArea$25.51M · 2.3%

Minneapolis St.Paul MNWIArea$19.35M · 1.8%

San Diego CAArea$15.27M · 1.4%

Philadelphia PAArea$14.04M · 1.3%

Corporate Area$1.53M · 0.1%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

3/9

Weak

✗Net income positive
✗Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
-Current ratio improved
✗No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

Company	Revenue (last FY)	Net margin	ROE
UMH	$261.75M	2.3%	0.7%
ARE	-	-	-9.2%
VTR	$5.83B	4.3%	2.0%
SPG	$6.36B	72.7%	88.8%
NYSE: KRC	$1.11B	0.0%	0.0%

Comparing ASHFORD HOSPITALITY TRUST INC against the 5 most active filers in the same SIC group.