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Atour Lifestyle Holdings vs Lindblad Expeditions Holdings

Atour Lifestyle Holdings is the larger business, with $1.36bn of revenue in fiscal 2025 against $771m for Lindblad Expeditions Holdings (1.8 times as much). Atour Lifestyle Holdings grew faster (35.2% against 19.6%). Atour Lifestyle Holdings kept more of each dollar of sales as profit: a net margin of 16.6% against -3.9%.

Latest fiscal yearAtour Lifestyle HoldingsATAT, 2025Lindblad Expeditions HoldingsLIND, 2025
Revenue $1.36bn $771m
Revenue growth 35.2% 19.6%
Net income $226m −$29.7m
Operating margin 23.6% —
Net margin 16.6% -3.9%
Return on equity 49.1% —
Free cash flow $265m $63.8m
Cash $472m $257m
Total debt $36.0m $675m
Debt to equity 7.0% —
Dividend per share — —
Dividend yield 2.3% —
Share buybacks $45.9m —
Employees — 1,550
Market value $4.68bn $2.16bn
Price vs our value range Below our value range Within our value range
Moat score — 22 (Weak)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 55 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.