ASHFORD HOSPITALITY TRUST, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2015 | — | 10.3% | 20.3% |
| FY2016 | 37.1% | 12.6% | -3.1% |
| FY2017 | 37.0% | 10.4% | -4.7% |
| FY2018 | 37.1% | 6.3% | -8.9% |
| FY2019 | 36.6% | 7.6% | -7.6% |
| FY2020 | — | -91.6% | -107.0% |
| FY2021 | — | -15.5% | -33.2% |
| FY2022 | — | 6.1% | -11.3% |
| FY2023 | — | 9.5% | -13.1% |
| FY2024 | — | 22.1% | -5.1% |
| FY2025 | — | 10.5% | -16.3% |