American Homes 4 Rent (AMH) vs Invitation Home (INVH)

American Homes 4 Rent and Invitation Home are both Reit Residential companies. Invitation Home is the larger, with a market value of $15.9B against $11.9B — 1.3× the size. Invitation Home trades at the lower P/E: 23.7× against 26.0×. Invitation Home grew revenue faster over the last twelve months: 7.21% against 3.46%. American Homes 4 Rent has the higher net margin (23.6% vs 23.5%) and the lower return on invested capital (2.45% vs 3.44%). Both pay a dividend; Invitation Home yields more (4.43% vs 3.94%). Across the 23 metrics below, Invitation Home leads on 16 and American Homes 4 Rent on 7.

Valuation

Metric AMH INVH Reit Residential median
P/E 25.96 23.75 25.96
P/S 6.21 5.50 5.50
P/B 1.60 1.80 1.77
Price to free cash flow 7.79 7.24 19.96
EV/EBITDA 16.93 13.23 15.71
EV/Sales 8.81 6.86 8.07
Earnings yield 3.85% 4.21% 2.78%
Free cash flow yield 12.83% 13.81% 4.07%

Profitability

Metric AMH INVH Reit Residential median
Gross margin 57.48% 55.67% 58.68%
Operating margin 25.40% 24.32% 20.58%
Net margin 23.61% 23.47% 10.07%
Free cash flow margin 46.43% 75.91% 27.64%
Return on equity 5.89% 7.34% 3.78%
Return on assets 3.40% 3.65% 2.14%
Return on invested capital 2.45% 3.44% 1.99%

Growth

Metric AMH INVH Reit Residential median
Revenue growth (TTM) 3.46% 7.21% 3.23%
EPS growth (last fiscal year) 9.26% 29.73% 9.26%
Revenue growth, 5-year CAGR 9.55% 8.41% 8.41%
Net income growth, 5-year CAGR 38.79% 24.56% 4.20%

Health

Metric AMH INVH Reit Residential median
Debt to equity 0.70 0.46 0.71
Current ratio 0.55 0.01 0.49
Net debt to EBITDA 5.04 2.67 4.26

Dividend

Metric AMH INVH Reit Residential median
Dividend yield 3.94% 4.43% 4.56%
Payout ratio 1.02 1.05 1.05

Size

Metric AMH INVH Reit Residential median
Market cap 11.91b 15.88b 6.82b

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