Saturday 17 October 2026 Export AMH’s income statement to Excel — free account

American Homes 4 Rent

American Homes 4 Rent’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 7.03% from fiscal 2024. In the quarter to June 2026, revenue grew 2.75%, EPS grew 10.7%, free cash flow grew 24.8% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.

31.28 0.31 +1.00%

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Market cap: $11.1B
P/E: 24.8×
Fwd P/E: 44.5×
Dividend yield: 4.12%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	1	—	4	2	—	2	—	—	3	1	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 8.60%

Capital & Financial Ratios $m

Market Cap 11,140.00

Revenue 1,875.58

Net Income 542.82

Free Cash Flow 1,494.61

Net Debt 4,872.42

Current Ratio 0.59

Debt/Equity 0.69

P/E ratio 24.83

Fwd P/E 44.50

P/S ratio 6.01

P/B ratio 1.51

Past 5Y EPS Growth 33.34%

This Y EPS Growth (14.23%)

Next Y EPS Growth (21.01%)

Next Y revenue growth 2.91%

Next 5Y EPS Growth (15.31%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 2.52%

10-year low 10-year high

P/S against its own 10 years 17.95%

10-year low 10-year high

P/B against its own 10 years 53.56%

10-year low 10-year high

EV/Sales against its own 10 years 16.70%

10-year low 10-year high

EV/FCF against its own 10 years 1.21%

10-year low 10-year high

Dividends

Payout Ratio 1.02

Annual Dividend Rate 1.29

Annual Dividend Yield 4.12%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.32	0.33 0.33 0.33
2025	1.20	0.30 0.30 0.30 0.30
2024	1.04	0.26 0.26 0.26 0.26
2023	0.88	0.22 0.22 0.22 0.22
2022	0.72	0.18 0.18 0.18 0.18
2021	0.40	0.10 0.10 0.10 0.10
2020	0.20	0.05 0.05 0.05 0.05
2019	0.20	0.05 0.05 0.05 0.05
2018	0.25	0.05 0.05 0.05 0.05 0.05
2017	0.20	0.05 0.05 0.05 0.05
2016	0.20	0.05 0.05 0.05 0.05

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	222	350	231	258
Receivables	43	48	43	45
Inventory	—	—	—	—
Other	—	—	—	—
	265	399	274	303

	2023	2024	2025	Q'26
Payables	574	522	437	512
ST’ Debt	—	—	—	—
Other	—	—	—	—
	574	522	437	512

Compound Annual Growth %

	10y	5y	3y
Sales	11.37%	9.55%	7.47%
Cash Flow	15.07%	12.76%	9.10%
Earnings	0.00%	38.79%	20.52%
Book Value	6.96%	3.56%	2.43%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	472	470	—	—	—
’25	459	458	478	455	1,850
’24	424	423	445	437	1,729
’23	398	396	422	409	1,624
’22	356	362	392	381	1,491
’21	313	314	340	338	1,304
’20	287	281	308	297	1,173

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	203	293	—	—	—
’25	223	272	223	146	864
’24	202	274	234	102	812
’23	200	215	208	115	739
’22	159	220	218	69	666
’21	152	180	166	97	595
’20	126	153	148	47	474

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	379	471	—	—	—
’25	331	378	322	323	1,353
’24	330	369	301	(232)	768
’23	350	307	241	164	1,062
’22	(101)	43	173	143	258
’21	82	(23)	(199)	(138)	(277)
’20	82	136	(52)	164	329

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.35	0.31	—	—	—
’25	0.30	0.28	0.27	0.33	1.18
’24	0.30	0.25	0.20	0.33	1.08
’23	0.32	0.27	0.20	0.21	1.01
’22	0.16	0.16	0.14	0.25	0.71
’21	0.09	0.06	0.11	0.14	0.41
’20	0.07	0.05	0.07	0.09	0.28

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	13.16	20.10	18.39	19.33	17.50	28.63	29.31	28.79	33.75	30.11	Analyst estimates 2026–2028 Powerpack
	High	22.99	23.98	23.34	27.14	32.04	44.07	43.89	37.97	41.41	39.49
People
People	Employees	953	1,135	1,234	1,324	1,447	1,538	1,794	1,725	1,730	1,598
	Revenue/emp, $m	0.92	0.85	0.87	0.86	0.81	0.85	0.83	0.94	1.00	1.16
Income, $m
Income, $m	Revenue	879	960	1,073	1,132	1,173	1,304	1,491	1,624	1,729	1,850
	Gross margin, %	55.85	55.77	54.56	54.00	53.93	54.98	55.40	55.48	56.31	56.83
	EBT	10	76	112	156	155	211	310	432	468	513
	EBT margin, %	1.19	7.96	10.48	13.80	13.20	16.15	20.80	26.62	27.08	27.75
	Net income	10	76	112	156	155	211	310	432	468	513
	Depreciation	314	309	329	337	351	382	438	469	488	514
Per share, $
Per share, $	Revenue	3.76	3.63	3.65	3.78	3.82	4.02	4.27	4.48	4.70	4.99
	Earnings	(0.14)	(0.08)	0.08	0.29	0.28	0.42	0.72	1.01	1.08	1.18
	Cash flow	1.19	1.46	1.40	1.53	1.55	1.84	1.91	2.04	2.21	2.33
	Capex	(0.87)	(2.99)	(1.50)	(0.66)	(0.47)	(2.69)	(1.17)	0.89	(0.12)	1.32
	Free cash flow	0.32	(1.53)	(0.10)	0.87	1.07	(0.85)	0.74	2.93	2.09	3.65
	Book value	21.10	22.24	20.34	20.10	21.11	20.78	20.54	21.14	21.36	20.81
	Shares, m	234	264	294	299	307	324	349	362	367	371
Valuation, ×
Valuation, ×	P/E	0.00	0.00	248.13	90.38	107.14	106.37	41.92	36.18	34.65	27.20
	P/S	5.53	5.91	5.43	6.93	7.85	10.84	6.97	8.15	7.95	6.43
	P/B	0.98	0.97	0.98	1.30	1.42	2.10	1.45	1.73	1.75	1.54
	EV/Sales	8.57	8.30	7.88	9.29	10.02	13.67	9.86	10.76	10.65	9.06
	EV/FCF	101.11	(19.72)	(279.97)	40.48	35.76	(64.34)	56.91	16.45	23.98	12.39
Cash, $m
Cash, $m	Operating cash flow	279	386	411	458	474	595	666	739	812	864
	Capex	(204)	(790)	(441)	(198)	(146)	(872)	(407)	323	(44)	489
	Free cash flow	75	(404)	(30)	260	329	(277)	258	1,062	768	1,353
Balance, $m
Balance, $m	Working capital	91	(10)	(15)	(49)	8	(110)	(219)	(309)	(123)	(163)
	Total debt	2,923	2,476	2,804	2,833	2,817	3,880	4,516	4,462	5,011	5,096
	Net debt	2,672	2,293	2,628	2,669	2,552	3,689	4,298	4,240	4,661	4,865
	Shareholders’ equity	4,938	5,876	5,974	6,019	6,472	6,738	7,175	7,653	7,849	7,710
Returns, %
Returns, %	ROA	(0.45)	(0.26)	0.27	0.95	0.91	1.32	2.17	2.95	3.06	3.30
	ROIC	1.11	1.42	1.58	1.70	1.60	1.63	1.64	1.85	1.96	2.25
	ROE	(0.76)	(0.41)	0.40	1.43	1.36	2.05	3.61	4.94	5.14	5.64

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ESS Essex Property Trust, Inc.	$17.9B	41.9×	47.4×	+4.09% (above 0%: growing)	−71.80% (below 0%: shrinking)	+21.02% (above 0%: growing)	68.42%	22.36%	Compare
UDR United Dominion Realty Trust, Inc.	$17.9B	21.7×	46.5×	0.00%	+90.91% (above 0%: growing)	−27.77% (below 0%: shrinking)	62.41%	27.23%	Compare
INVH Invitation Home	$15.8B	24.8×	39.7×	+9.71% (above 0%: growing)	+60.87% (above 0%: growing)	+41.97% (above 0%: growing)	55.10%	24.62%	Compare
SUI Sun Communities, Inc.	$14.1B	— (loss-making)	54.0×	+8.02% (above 0%: growing)	n/m	−12.76% (below 0%: shrinking)	55.40%	12.25%	Compare
MAA Mid-America Apartment Communities, Inc.	$13.8B	34.1×	40.5×	+0.95% (above 0%: growing)	+13.04% (above 0%: growing)	−3.86% (below 0%: shrinking)	57.37%	25.36%	Compare
CPT Camden Property Trust	$13.3B	32.7×	102×	−0.90% (below 0%: shrinking)	−75.68% (below 0%: shrinking)	−1,195.62% (below 0%: shrinking)	64.13%	12.20%	Compare
ELS Equity Lifestyle Properties, Inc.	$12.1B	29.4×	30.8×	+5.56% (above 0%: growing)	+19.05% (above 0%: growing)	+14.74% (above 0%: growing)	51.52%	32.00%	Compare
AMH American Homes 4 Rent	$11.1B	24.8×	44.5×	+2.75% (above 0%: growing)	+10.71% (above 0%: growing)	+24.76% (above 0%: growing)	58.35%	25.92%
IRT Independence Realty Trust, Inc.	$3.6B	80.1×	120×	+3.12% (above 0%: growing)	−51.67% (below 0%: shrinking)	−14.38% (below 0%: shrinking)	57.36%	15.51%	Compare
Median of peers	$14.0B	32.7×	47.0×	+3.61%	+13.04%	−8.31%	57.37%	23.49%

All 19 Reit Residential stocks →

American Homes 4 Rent (AMH) key facts

Strength: American Homes 4 Rent’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 7.03% from fiscal 2024.
American Homes 4 Rent (AMH) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, AMH traded at $31.28, a market capitalization of $11.1 billion.
American Homes 4 Rent pays an annual dividend of $1.29 per share, a yield of 4.12%, with a payout ratio of 102.4%.
Return on equity was 5.64% and debt-to-equity 0.69.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.