Saturday 17 October 2026
Export AMH’s income statement to Excel — free account
American Homes 4 Rent
AMH Real Estate Reit Residential
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
27.20 | 34.65 | 36.18 | 41.92 | 106.37 | 107.14 | 90.38 | 248.13 | 0.00 | 0.00 |
Piotroski F-Score |
7 | 7 | 7 | 6 | 6 | 6 | 6 | 5 | 4 | 6 |
P/S ratio |
6.43 | 7.95 | 8.15 | 6.97 | 10.84 | 7.85 | 6.93 | 5.43 | 5.91 | 5.53 |
P/FCF ratio |
8.79 | 17.91 | 12.46 | 40.26 | 0.00 | 27.99 | 30.21 | 0.00 | 0.00 | 65.25 |
P/Operating CF |
81.58 | 134.56 | 114.72 | 151.24 | 145.77 | 197.01 | 209.43 | 169.35 | 155.22 | 203.57 |
P/B ratio |
1.54 | 1.75 | 1.73 | 1.45 | 2.10 | 1.42 | 1.30 | 0.98 | 0.97 | 0.98 |
Price to Tangible BV |
1.57 | 1.78 | 1.76 | 1.47 | 2.14 | 1.45 | 1.33 | 1.00 | 0.99 | 1.01 |
EV/Sales |
9.06 | 10.65 | 10.76 | 9.86 | 13.67 | 10.02 | 9.29 | 7.88 | 8.30 | 8.57 |
EV/EBITDA |
17.35 | 20.91 | 21.26 | 19.86 | 27.29 | 20.19 | 18.37 | 15.47 | 16.10 | 16.77 |
EV/Operating CF |
19.39 | 22.69 | 23.65 | 22.08 | 29.95 | 24.79 | 22.97 | 20.58 | 20.65 | 27.02 |
EV/FCF |
12.39 | 23.98 | 16.45 | 56.91 | (64.34) | 35.76 | 40.48 | (279.97) | (19.72) | 101.11 |
Quick Ratio |
0.63 | 0.76 | 0.46 | 0.55 | 0.68 | 1.03 | 0.80 | 0.93 | 0.96 | 1.51 |
Current Ratio |
0.63 | 0.76 | 0.46 | 0.55 | 0.68 | 1.03 | 0.80 | 0.93 | 0.96 | 1.51 |
Net Debt/EBITDA |
5.04 | 5.29 | 5.16 | 5.81 | 5.65 | 4.39 | 4.66 | 4.81 | 4.63 | 5.95 |
Debt/Assets |
38.48% | 37.45% | 35.16% | 37.09% | 35.40% | 29.37% | 31.14% | 31.15% | 28.76% | 36.05% |
Debt/Equity |
0.66 | 0.64 | 0.58 | 0.63 | 0.58 | 0.44 | 0.47 | 0.47 | 0.42 | 0.59 |
Asset Turnover |
0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 | 0.11 | 0.12 |
Operating CF/Net income |
1.97 | 2.04 | 2.02 | 2.65 | 4.40 | 5.56 | 5.33 | 17.51 | (17.44) | (8.31) |
Capex/Depreciation |
0.95 | (0.09) | 0.69 | (0.93) | (2.29) | (0.42) | (0.59) | (1.34) | (2.56) | (0.65) |
Interest Coverage |
2.44 | 2.37 | 2.52 | 2.24 | 2.37 | 1.98 | 1.85 | 1.77 | 1.65 | 1.04 |
| 5.64% | 5.14% | 4.94% | 3.61% | 2.05% | 1.36% | 1.43% | 0.40% | (0.41%) | (0.76%) | |
| 3.30% | 3.06% | 2.95% | 2.17% | 1.32% | 0.91% | 0.95% | 0.27% | (0.26%) | (0.45%) | |
ROIC |
2.25% | 1.96% | 1.85% | 1.64% | 1.63% | 1.60% | 1.70% | 1.58% | 1.42% | 1.11% |
Return on Tangible Assets |
3.57% | 3.25% | 3.20% | 2.26% | 1.33% | 0.96% | 1.01% | 0.28% | (0.27%) | (0.44%) |
Average Days of Receivables |
8.51 | 10.23 | 9.63 | 11.69 | 11.64 | 12.93 | 9.55 | 9.88 | 11.46 | 7.32 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
4.49% | 4.84% | 4.60% | 4.57% | 4.33% | 4.14% | 3.82% | 3.41% | 3.62% | 3.76% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
1.40% | 1.79% | 1.56% | 1.83% | 1.36% | 0.84% | 0.42% | 0.32% | 0.44% | 0.41% |
Graham Net Nets |
(0.44) | (0.37) | (0.36) | (0.46) | (0.28) | (0.31) | (0.37) | (0.48) | (0.44) | (0.60) |
Graham Number |
23.50 | 22.78 | 21.92 | 18.11 | 13.85 | 11.53 | 11.45 | 6.05 | 0.00 | 0.00 |
Earnings Yield |
3.68% | 2.89% | 2.76% | 2.39% | 0.94% | 0.93% | 1.11% | 0.40% | (0.37%) | (0.67%) |
Free Cash Flow Yield |
11.38% | 5.58% | 8.03% | 2.48% | (1.96%) | 3.57% | 3.31% | (0.52%) | (7.12%) | 1.53% |
Revenue per Share |
4.99 | 4.70 | 4.48 | 4.27 | 4.02 | 3.82 | 3.78 | 3.65 | 3.63 | 3.76 |
Operating CF per Share |
2.33 | 2.21 | 2.04 | 1.91 | 1.84 | 1.55 | 1.53 | 1.40 | 1.46 | 1.19 |
Capex per Share |
1.32 | (0.12) | 0.89 | (1.17) | (2.69) | (0.47) | (0.66) | (1.50) | (2.99) | (0.87) |
Free Cash Flow per Share |
3.65 | 2.09 | 2.93 | 0.74 | (0.85) | 1.07 | 0.87 | (0.10) | (1.53) | 0.32 |
Cash per Share |
0.62 | 0.95 | 0.61 | 0.62 | 0.59 | 0.86 | 0.55 | 0.60 | 0.69 | 1.07 |
Shareholders Equity per Share |
20.81 | 21.36 | 21.14 | 20.54 | 20.78 | 21.11 | 20.10 | 20.34 | 22.24 | 21.10 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
20.81 | 21.36 | 21.14 | 20.54 | 20.78 | 21.11 | 20.10 | 20.34 | 22.24 | 21.10 |
Free Cash Flow |
1,353.10 | 767.59 | 1,061.89 | 258.17 | (277.10) | 328.57 | 259.80 | (30.21) | (404.23) | 74.52 |
Working Capital |
(163.07) | (123.09) | (308.98) | (218.69) | (110.17) | 7.67 | (49.46) | (14.99) | (9.90) | 90.65 |
Capital Expenditures |
488.77 | (43.94) | 323.20 | (407.35) | (872.30) | (145.53) | (198.09) | (441.09) | (790.19) | (204.34) |
Net Current Asset Value |
(5,258.80) | (5,133.85) | (4,770.62) | (4,734.69) | (3,990.65) | (2,814.57) | (2,887.58) | (2,823.50) | (2,519.98) | (2,901.73) |
EV/EBIT |
37.09 | 46.99 | 49.53 | 48.72 | 65.60 | 50.78 | 44.63 | 38.86 | 42.86 | 55.53 |
Capex to Sales |
(0.26) | 0.03 | (0.20) | 0.27 | 0.67 | 0.12 | 0.18 | 0.41 | 0.82 | 0.23 |
Price to Operating Income |
26.32 | 35.09 | 37.51 | 34.47 | 52.03 | 39.75 | 33.30 | 26.78 | 30.53 | 35.84 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Cash ROIC |
10.38% | 5.81% | 8.61% | 2.17% | (2.56%) | 3.44% | 2.88% | (0.34%) | (4.74%) | 0.92% |
Accounts Receivable Turnover |
40.41 | 37.88 | 35.85 | 33.37 | 31.37 | 32.95 | 38.61 | 36.26 | 40.22 | 55.71 |
Accounts Payable Turnover |
1.67 | 1.38 | 1.37 | 1.61 | 1.83 | 1.99 | 2.25 | 2.21 | 2.12 | 2.34 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
199.64 | 252.17 | 289.68 | 265.96 | 213.58 | 202.01 | 170.45 | 164.15 | 191.50 | 166.69 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
45.79 | 45.64 | 45.29 | 44.67 | 41.57 | 35.58 | 29.32 | 29.59 | 23.88 | 15.78 |
Average Payables |
479.32 | 547.71 | 529.03 | 413.96 | 321.24 | 271.07 | 231.21 | 221.05 | 200.04 | 165.98 |
Average Assets |
13,311.64 | 13,034.67 | 12,431.63 | 11,568.75 | 10,278.03 | 9,346.87 | 9,050.80 | 8,805.12 | 8,357.99 | 7,429.21 |
Average Common Equity |
7,778.98 | 7,750.66 | 7,413.68 | 6,956.42 | 6,605.18 | 6,245.26 | 5,995.91 | 5,924.41 | 5,406.35 | 4,436.16 |
Columns are period end dates