Saturday 17 October 2026 Export AHT’s income statement to Excel — free account

Ashford Hospitality Trust Inc

Ashford Hospitality Trust Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 5.81% from fiscal 2024. In the quarter to June 2026, revenue fell 9.52%, EPS grew 372.2%, free cash flow grew 9,699.8% and total debt fell 26.4%, each against the same quarter a year earlier.

1.83 0.03 −1.61%

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Market cap: $12.0M
P/E: 0.0×
Fwd P/E: −0.1×
Dividend yield: —
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.67%

Capital & Financial Ratios $m

Market Cap 12.03

Revenue 1,066.00

Net Income (69.60)

Free Cash Flow 654.88

Net Debt 1,970.22

Current Ratio 1.09

Debt/Equity (3.92)

P/E ratio 0.00

Fwd P/E (0.08)

P/S ratio 0.01

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth (101.65%)

Next Y EPS Growth (11.42%)

Next Y revenue growth (0.67%)

Next 5Y EPS Growth 5.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.04%

10-year low 10-year high

EV/Sales against its own 10 years 0.04%

10-year low 10-year high

EV/FCF against its own 10 years 0.06%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	0.15	0.15
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	3.00	1.20 0.60 0.60 0.60
2018	4.80	1.20 1.20 1.20 1.20
2017	4.80	1.20 1.20 1.20 1.20
2016	4.80	1.20 1.20 1.20 1.20

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	311	213	216	209
Receivables	67	57	58	39
Inventory	—	—	—	—
Other	—	—	—	—
	386	280	286	261

	2023	2024	2025	Q'26
Payables	129	138	124	114
ST’ Debt	—	—	—	—
Other	—	—	—	—
	160	204	224	240

Compound Annual Growth %

	10y	5y	3y
Sales	(1.89%)	16.79%	(3.81%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	268	273	—	—	—
’25	277	302	266	259	1,104
’24	304	316	277	275	1,172
’23	329	376	343	320	1,368
’22	247	348	328	317	1,241
’21	116	193	247	249	805
’20	282	43	93	90	508

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	30	(7)	—	—	—
’25	(25)	16	5	(13)	(16)
’24	(46)	8	1	14	(24)
’23	5	31	1	(22)	14
’22	(14)	50	4	0	39
’21	(92)	(23)	1	(31)	(144)
’20	12	(77)	(34)	(51)	(150)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	222	356	—	—	—
’25	74	4	33	45	156
’24	(61)	258	(22)	(6)	168
’23	(25)	10	(34)	(45)	(94)
’22	(37)	30	12	(36)	(30)
’21	(94)	(27)	(4)	(47)	(172)
’20	(4)	(86)	(12)	(55)	(157)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(11.03)	1.62	—	—	—
’25	(4.91)	(6.88)	(11.35)	(12.33)	(35.99)
’24	6.00	2.50	(12.39)	(23.83)	(17.54)
’23	(18.80)	(8.80)	(19.90)	(9.00)	(56.10)
’22	(17.10)	(2.70)	(7.30)	(17.50)	(44.60)
’21	(110.00)	(43.50)	(17.00)	(17.50)	(124.30)
’20	(940.00)	(2.08k)	(1.29k)	(229.00)	(3.30k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	4,100.79	5,612.65	3,804.35	2,302.37	127.00	92.70	40.90	18.00	5.20	2.90	Analyst estimates 2026–2028 Powerpack
	High	7,816.21	8,132.41	8,557.31	5,820.16	2,840.00	779.00	120.90	75.20	20.80	10.35
People
People	Employees	—	102	—	116	96	119	102	105	101	82
	Revenue/emp, $m	0.00	14.11	0.00	12.95	5.29	6.77	12.17	13.02	11.61	13.47
Income, $m
Income, $m	Revenue	1,492	1,439	1,431	1,503	508	805	1,241	1,368	1,172	1,104
	Gross margin, %	32.18	31.85	31.58	31.01	(1.20)	19.95	27.20	27.19	24.99	25.02
	EBT	(57)	(91)	(154)	(141)	(635)	(265)	(135)	(180)	(64)	(188)
	EBT margin, %	(3.84)	(6.32)	(10.73)	(9.41)	(124.85)	(32.91)	(10.86)	(13.15)	(5.46)	(17.05)
	Net income	(59)	(89)	(156)	(143)	(633)	(271)	(141)	(181)	(65)	(188)
	Depreciation	278	260	288	300	262	217	211	215	172	163
Per share, $
Per share, $	Revenue	15,805.54	15,118.38	14,704.92	15,057.71	3,224.86	372.44	361.35	396.16	249.14	184.87
	Earnings	(950.00)	(1,300.00)	(1,750.00)	(1,580.00)	(3,300.00)	(123.70)	(44.60)	(56.10)	(17.54)	(35.99)
	Cash flow	1,903.85	2,178.38	1,865.98	1,775.64	(948.80)	(66.68)	11.42	4.17	(5.01)	(2.62)
	Capex	(236.08)	(1,225.77)	(1,713.22)	(566.57)	(47.23)	(12.82)	(20.02)	(31.35)	40.80	28.67
	Free cash flow	1,667.76	952.62	152.76	1,209.07	(996.03)	(79.50)	(8.60)	(27.18)	35.79	26.05
	Book value	8,393.82	6,650.69	4,656.78	2,698.06	(1,798.57)	(1.23)	(43.79)	(95.90)	(86.24)	(102.25)
	Shares, m	0	0	0	0	0	2	3	3	5	6
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.50	0.45	0.27	0.19	0.08	0.26	0.12	0.05	0.03	0.02
	P/B	0.93	1.02	0.85	1.03	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	2.63	2.69	2.69	2.64	7.09	4.23	2.78	2.32	2.37	2.36
	EV/FCF	24.89	42.64	259.03	32.92	(22.95)	(19.80)	(116.70)	(33.76)	16.53	16.77
Cash, $m
Cash, $m	Operating cash flow	180	207	182	177	(150)	(144)	39	14	(24)	(16)
	Capex	(22)	(117)	(167)	(57)	(7)	(28)	(69)	(108)	192	171
	Free cash flow	157	91	15	121	(157)	(172)	(30)	(94)	168	156
Balance, $m
Balance, $m	Working capital	450	375	357	322	8	639	505	226	76	62
	Total debt	3,724	3,696	3,927	4,107	3,729	3,888	3,857	3,415	2,962	2,817
	Net debt	3,179	3,225	3,466	3,694	3,562	3,196	3,298	3,103	2,749	2,601
	Shareholders’ equity	792	633	453	269	(283)	(3)	(150)	(331)	(406)	(611)
Returns, %
Returns, %	ROA	(1.80)	(2.56)	(3.62)	(3.36)	(12.36)	(6.84)	(3.82)	(5.25)	(2.49)	(7.17)
	ROIC	2.95	2.41	1.44	1.81	(8.87)	(2.45)	1.51	2.94	6.91	3.66
	ROE	(11.06)	(17.20)	(31.23)	(43.63)	7,146.51	187.10	200.04	80.44	22.39	42.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PEB Pebblebrook Hotel Trust	$2.2B	— (loss-making)	— (loss-making)	−0.10% (below 0%: shrinking)	+200.00% (above 0%: growing)	+45.80% (above 0%: growing)	30.05%	14.06%	Compare
RLJ RLJ Lodging Trust	$1.8B	— (loss-making)	— (loss-making)	+5.48% (above 0%: growing)	+6.67% (above 0%: growing)	+61.94% (above 0%: growing)	63.62%	14.50%	Compare
XHR Xenia Hotels & Resorts, Inc.	$1.7B	— (loss-making)	47.2×	+2.75% (above 0%: growing)	n/m	−69.76% (below 0%: shrinking)	60.89%	0.01%	Compare
SVC Service Properties Trust	$801.7M	— (loss-making)	— (loss-making)	−16.38% (below 0%: shrinking)	n/m	+67.86% (above 0%: growing)	37.13%	(30.28%)	Compare
INN Summit Hotel Properties, Inc.	$775.2M	— (loss-making)	— (loss-making)	+3.16% (above 0%: growing)	n/m	+40.88% (above 0%: growing)	36.47%	14.51%	Compare
CLDT Chatham Lodging Trust (REIT)	$658.4M	176×	— (loss-making)	+9.35% (above 0%: growing)	+85.71% (above 0%: growing)	−49.05% (below 0%: shrinking)	59.30%	17.54%	Compare
BHR BRAEMAR HOTELS & RESORTS INC.	$95.5M	— (loss-making)	— (loss-making)	−4.50% (below 0%: shrinking)	n/m	+2,089.59% (above 0%: growing)	27.10%	17.90%	Compare
IHT InnSuites Hospitality Trust	$15.9M	— (loss-making)	29.0×	+2.10% (above 0%: growing)	n/m	+49.83% (above 0%: growing)	48.37%	(9.81%)	Compare
AHT Ashford Hospitality Trust Inc	$12.0M	— (loss-making)	— (loss-making)	−9.52% (below 0%: shrinking)	n/m	+9,699.83% (above 0%: growing)	30.60%	71.85%
Median of peers	$788.5M	—	—	+2.43%	+85.71%	+47.82%	42.75%	14.28%

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