ATAT vs HTHT
Atour Lifestyle Holdings Ltd. and H World Group Ltd., side by side — 6 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | ATAT | HTHT |
|---|---|---|
| Revenue | CNY 9.8B | CNY 25.3B |
| Net income | CNY 1.6B | CNY 5.1B |
| Gross margin | · | · |
| Net margin | 16.6% | 20.2% |
| Return on equity | 49.5% | 40.7% |
| Diluted EPS | CNY 3.87 | CNY 1.60 |
| Dividend / share | · | · |
| Payout ratio | 47.6% | 76.9% |
| Free cash flow | CNY 1.9B | · |
| Equity | CNY 3.6B | CNY 12.8B |
| Net debt / equity | −0.85× | −0.36× |
| Current ratio | 1.97× | 0.91× |
| Revenue CAGR 5y | 44.3% | 19.9% |
| Profit CAGR 5y | 107.6% | · |
HTHT bills 2.6× the revenue of ATAT, and keeps more of each dollar of revenue as profit (20.2% against 16.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | ATAT | HTHT |
|---|---|---|
| FY2025 | CNY 9.8B | CNY 25.3B |
| FY2024 | CNY 7.2B | CNY 23.9B |
| FY2023 | CNY 4.7B | CNY 21.9B |
| FY2022 | CNY 2.3B | CNY 13.9B |
| FY2021 | CNY 2.1B | CNY 12.8B |
| FY2020 | CNY 1.6B | CNY 10.2B |
Bottom line
| Fiscal year | ATAT | HTHT |
|---|---|---|
| FY2025 | CNY 1.6B | CNY 5.1B |
| FY2024 | CNY 1.3B | CNY 3.0B |
| FY2023 | CNY 737.1M | CNY 4.1B |
| FY2022 | CNY 98.1M | CNY -1.8B |
| FY2021 | CNY 145.1M | CNY -465.0M |
| FY2020 | CNY 42.1M | CNY -2.2B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 15,516,841,000 | HTHT |
| FY2024 | −CNY 16,643,068,000 | HTHT |
| FY2023 | −CNY 17,216,033,000 | HTHT |
| FY2022 | −CNY 11,599,017,000 | HTHT |
| FY2021 | −CNY 10,637,423,000 | HTHT |
| FY2020 | −CNY 8,629,448,000 | HTHT |
HTHT has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 16 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −3.7 pp | HTHT |
| FY2024 | +4.6 pp | ATAT |
| FY2023 | −3.0 pp | HTHT |
| FY2022 | +17.6 pp | ATAT |
| FY2021 | +10.3 pp | ATAT |
| FY2020 | +24.0 pp | ATAT |
The higher net margin has changed hands between ATAT and HTHT over this period.
6 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTHT's net margin has been more volatile than ATAT's over the 6 comparable fiscal years — 16.1 percentage points of standard deviation against 6.3.
6 of 16 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ATAT and HTHT over these 6 fiscal years — ATAT led in 4 and HTHT in 2.
6 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTHT's return on equity has been more volatile than ATAT's over the 4 comparable fiscal years — 23.9 percentage points of standard deviation against 16.3.
4 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ATAT led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 17 comparable fiscal years — a year missing data on either side is not counted.