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ASHFORD HOSPITALITY TRUST INC

AHT Clue Score36
United States Fiscal year ends December CIK 0001232582
$2.17 +0.46% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.17 −84.65% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,492.0Operating income187.3Net income−46.3EPS, diluted−0.95Fiscal year 2017Revenue1,439.3 −3.5%Operating income149.0Net income−67.0EPS, diluted−1.30Fiscal year 2018Revenue1,430.8 −0.6%Operating income90.4Net income−127.0EPS, diluted−17.52Fiscal year 2019Revenue1,502.8 +5.0%Operating income114.7Net income−113.6EPS, diluted−157.74Fiscal year 2020Revenue508.2 −66.2%Operating income−465.4Net income−543.9EPS, diluted−329.97Fiscal year 2021Revenue805.4 +58.5%Operating income−125.2Net income−267.0EPS, diluted−12.43Fiscal year 2022Revenue1,240.9 +54.1%Operating income76.3Net income−139.8EPS, diluted−44.61Fiscal year 2023Revenue1,367.5 +10.2%Operating income130.4Net income−178.5EPS, diluted−56.11Fiscal year 2024Revenue1,172.5 −14.3%Operating income259.2Net income−60.3EPS, diluted−17.54Fiscal year 2025Revenue1,104.4 −5.8%Operating income116.4Net income−179.8EPS, diluted−35.99
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,492.0 1,439.3 1,430.8 1,502.8 508.2 805.4 1,240.9 1,367.5 1,172.5 1,104.4
Growth −3.5% −0.6% +5.0% −66.2% +58.5% +54.1% +10.2% −14.3% −5.8%
Operating income 187.3 149.0 90.4 114.7 −465.4 −125.2 76.3 130.4 259.2 116.4
Net income −46.3 −67.0 −127.0 −113.6 −543.9 −267.0 −139.8 −178.5 −60.3 −179.8
Growth
EPS, diluted −0.95 −1.30 −17.52 −157.74 −329.97 −12.43 −44.61 −56.11 −17.54 −35.99

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin12.6%Net margin−3.1%Fiscal year 2017Operating margin10.4%Net margin−4.7%Fiscal year 2018Operating margin6.3%Net margin−8.9%Fiscal year 2019Operating margin7.6%Net margin−7.6%Fiscal year 2020Operating margin−91.6%Net margin−107.0%Fiscal year 2021Operating margin−15.5%Net margin−33.2%Fiscal year 2022Operating margin6.1%Net margin−11.3%Fiscal year 2023Operating margin9.5%Net margin−13.1%Fiscal year 2024Operating margin22.1%Net margin−5.1%Fiscal year 2025Operating margin10.5%Net margin−16.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 12.6% 10.4% 6.3% 7.6% −91.6% −15.5% 6.1% 9.5% 22.1% 10.5%
Net margin −3.1% −4.7% −8.9% −7.6% −107.0% −33.2% −11.3% −13.1% −5.1% −16.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow179.7Buybacks−0.7Dividends paid−91.5Fiscal year 2017Operating cash flow207.4Buybacks−1.3Dividends paid−101.6Fiscal year 2018Operating cash flow181.6Buybacks−1.6Dividends paid−97.4Fiscal year 2019Operating cash flow177.2Buybacks−1.0Dividends paid−86.2Fiscal year 2020Operating cash flow−149.5Buybacks−0.4Dividends paid−28.6Fiscal year 2021Operating cash flow−144.2Buybacks−0.0Dividends paid−18.6Fiscal year 2022Operating cash flow39.2Buybacks−0.3Dividends paid−12.4Fiscal year 2023Operating cash flow14.4Buybacks−0.1Dividends paid−14.9Fiscal year 2024Operating cash flow−23.6Buybacks−0.0Dividends paid−20.4Fiscal year 2025Operating cash flow−15.7Buybacks−0.0Dividends paid−24.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 179.7 207.4 181.6 177.2 −149.5 −144.2 39.2 14.4 −23.6 −15.7
Buybacks −0.7 −1.3 −1.6 −1.0 −0.4 −0.0 −0.3 −0.1 −0.0 −0.0
Dividends paid −91.5 −101.6 −97.4 −86.2 −28.6 −18.6 −12.4 −14.9 −20.4 −24.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash347.1Total debt3,723.6Net cash (debt)−3,376.5Shareholders’ equity791.6Debt to equity4.70Fiscal year 2017Cash354.8Total debt3,696.3Net cash (debt)−3,341.5Shareholders’ equity632.5Debt to equity5.84Fiscal year 2018Cash319.2Total debt3,927.3Net cash (debt)−3,608.1Shareholders’ equity452.5Debt to equity8.68Fiscal year 2019Cash262.6Total debt4,106.5Net cash (debt)−3,843.9Shareholders’ equity268.8Debt to equity15.28Fiscal year 2020Cash92.9Total debt3,728.9Net cash (debt)−3,636.0Shareholders’ equity−283.6Fiscal year 2021Cash592.1Total debt3,887.8Net cash (debt)−3,295.7Shareholders’ equity−2.7Fiscal year 2022Cash417.1Total debt3,838.5Net cash (debt)−3,421.5Shareholders’ equity−150.4Fiscal year 2023Cash165.2Total debt3,041.0Net cash (debt)−2,875.7Shareholders’ equity−345.9Fiscal year 2024Cash112.9Total debt2,629.3Net cash (debt)−2,516.4Shareholders’ equity−419.2Fiscal year 2025Cash66.1Total debt2,526.6Net cash (debt)−2,460.5Shareholders’ equity−626.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 347.1 354.8 319.2 262.6 92.9 592.1 417.1 165.2 112.9 66.1
Total debt 3,723.6 3,696.3 3,927.3 4,106.5 3,728.9 3,887.8 3,838.5 3,041.0 2,629.3 2,526.6
Net cash (debt) −3,376.5 −3,341.5 −3,608.1 −3,843.9 −3,636.0 −3,295.7 −3,421.5 −2,875.7 −2,516.4 −2,460.5
Shareholders’ equity 791.6 632.5 452.5 268.8 −283.6 −2.7 −150.4 −345.9 −419.2 −626.4
Debt to equity 4.70 5.84 8.68 15.28 n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018† 31 Dec 2018 FY2019† 31 Dec 2019 FY2020† 31 Dec 2020 FY2021† 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,492.0 1,439.3 1,430.8 1,502.8 508.2 805.4 1,240.9 1,367.5 1,172.5 1,104.4
Growth −3.5% −0.6% +5.0% −66.2% +58.5% +54.1% +10.2% −14.3% −5.8%
938.4 907.3 900.6 952.7 n/a n/a n/a n/a n/a n/a
8.4 13.3 10.9 11.1 28.0 16.2 9.9 16.2 24.7 20.8
187.3 149.0 90.4 114.7 −465.4 −125.2 76.3 130.4 259.2 116.4
Growth −20.4% −39.3% +26.9% −505.6% +71.1% +98.7% −55.1%
−57.3 −91.0 −153.5 −141.5 −634.6 −265.1 −134.7 −179.8 −64.0 −188.3
1.5 −2.2 2.8 1.2 −1.3 5.9 6.3 0.9 1.0 −0.1
−46.3 −67.0 −127.0 −113.6 −543.9 −267.0 −139.8 −178.5 −60.3 −179.8
Growth
Per share
−0.95 −1.30 −17.52 −157.74 −329.97 −12.37 −44.61 −56.11 −17.54 −35.99
−0.95 −1.30 −17.52 −157.74 −329.97 −12.43 −44.61 −56.11 −17.54 −35.99
Growth
94.4 95.2 9.7 1.0 1.6 21.6 3.4 3.5 4.7 6.0
94.4 95.2 9.7 1.0 1.6 21.8 3.4 3.5 4.7 6.0
Growth +0.8% −89.8% −89.7% +57.9% +1,286.0% −84.3% +0.5% +36.3% +26.9%

† The diluted share count jumps at 2018 and 2019 and 2020 and 2021 and 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 16.8% a year over five years.
  • Operating margin is up 102.1 points on five years ago, at 10.5%.
  • A net loss in 10 of 10 years on file.