Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.44B | $1.43B | $1.50B | $508M | $805M | $1.24B | $1.37B | $1.17B | $1.10B |
| Revenue growth | — | -3.5% | -0.6% | 5.0% | -66.2% | 58.5% | 54.1% | 10.2% | -14.3% | -5.8% |
| Operating income | $187M | $149M | $90.4M | $115M | -$465M | -$125M | $76.3M | $130M | $259M | $116M |
| Operating margin | 12.6% | 10.4% | 6.3% | 7.6% | -91.6% | -15.5% | 6.1% | 9.5% | 22.1% | 10.5% |
| Net income | -$46.3M | -$67.0M | -$127M | -$114M | -$544M | -$267M | -$140M | -$178M | -$60.3M | -$180M |
| Net margin | -3.1% | -4.7% | -8.9% | -7.6% | -107.0% | -33.2% | -11.3% | -13.1% | -5.1% | -16.3% |
| EPS (diluted) | -$0.95 | -$1.30 | -$17.52 | -$157.74 | -$329.97 | -$12.43 | -$44.61 | -$56.11 | -$17.54 | -$35.99 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $180M | $207M | $182M | $177M | -$150M | -$144M | $39.2M | $14.4M | -$23.6M | -$15.7M |
| Share buybacks | $729K | $1.27M | $1.60M | $1.03M | $399K | $46.0K | $316K | $90.0K | $49.0K | $44.0K |
| Dividends paid | $91.5M | $102M | $97.4M | $86.2M | $28.6M | $18.6M | $12.4M | $14.9M | $20.4M | $24.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $347M | $355M | $319M | $263M | $92.9M | $592M | $417M | $165M | $113M | $66.1M |
| Total assets | $4.89B | $4.67B | $4.69B | $4.69B | $3.73B | $4.10B | $3.92B | $3.46B | $3.16B | $2.83B |
| Total liabilities | $3.97B | $3.92B | $4.15B | $4.35B | $3.99B | $4.08B | $4.04B | $3.69B | $3.37B | $3.21B |
| Long-term debt | $3.72B | $3.70B | $3.93B | $4.11B | $3.73B | $3.89B | $3.84B | $3.04B | $2.63B | $2.53B |
| Shareholders' equity | $792M | $633M | $452M | $269M | -$284M | -$2.65M | -$150M | -$346M | -$419M | -$626M |
| Retained earnings | -$974M | -$1.15B | -$1.36B | -$1.56B | -$2.09B | -$2.38B | -$2.53B | -$2.73B | -$2.81B | -$3.03B |
| Shares (wtd avg diluted) | 94.4M | 95.2M | 9.73M | 998K | 1.58M | 21.8M | 3.43M | 3.45M | 4.71M | 5.97M |
Every figure is extracted from ASHFORD HOSPITALITY TRUST INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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