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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and American Homes 4 Rent (AMH). Click either name above to swap in a different company.
American Homes 4 Rent is the larger business by last-quarter revenue ($455.0M vs $13.2M, roughly 34.4× Ares Commercial Real Estate Corp). American Homes 4 Rent runs the higher net margin — 31.7% vs -29.2%, a 61.0% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs -24.5%). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
American Homes 4 RentAMHEarnings & Financial Report
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta, Dallas-Fort Worth, and Charlotte, North Carolina.
ACRE vs AMH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $455.0M |
| Net Profit | $-3.9M | $144.3M |
| Gross Margin | — | — |
| Operating Margin | -29.2% | — |
| Net Margin | -29.2% | 31.7% |
| Revenue YoY | -24.5% | 4.2% |
| Net Profit YoY | 63.8% | 0.3% |
| EPS (diluted) | — | $0.33 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $455.0M | ||
| Q3 25 | $14.1M | $478.5M | ||
| Q2 25 | $12.6M | $457.5M | ||
| Q1 25 | $14.9M | $459.3M | ||
| Q4 24 | $17.5M | $436.6M | ||
| Q3 24 | $16.7M | $445.1M | ||
| Q2 24 | $16.8M | $423.5M | ||
| Q1 24 | $18.7M | $423.6M |
| Q4 25 | $-3.9M | $144.3M | ||
| Q3 25 | $4.7M | $116.8M | ||
| Q2 25 | $-11.0M | $123.6M | ||
| Q1 25 | $9.3M | $128.7M | ||
| Q4 24 | $-10.7M | $143.9M | ||
| Q3 24 | $-5.9M | $87.6M | ||
| Q2 24 | $-6.1M | $108.5M | ||
| Q1 24 | $-12.3M | $128.1M |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | — | ||
| Q2 25 | -87.8% | — | ||
| Q1 25 | 64.4% | — | ||
| Q4 24 | -61.0% | — | ||
| Q3 24 | -35.3% | — | ||
| Q2 24 | -36.5% | — | ||
| Q1 24 | -65.9% | — |
| Q4 25 | -29.2% | 31.7% | ||
| Q3 25 | 33.0% | 24.4% | ||
| Q2 25 | -87.8% | 27.0% | ||
| Q1 25 | 62.5% | 28.0% | ||
| Q4 24 | -60.9% | 33.0% | ||
| Q3 24 | -35.3% | 19.7% | ||
| Q2 24 | -36.5% | 25.6% | ||
| Q1 24 | -65.9% | 30.2% |
| Q4 25 | — | $0.33 | ||
| Q3 25 | — | $0.27 | ||
| Q2 25 | — | $0.28 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.25 | ||
| Q1 24 | — | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $108.5M |
| Total DebtLower is stronger | $948.2M | $5.1B |
| Stockholders' EquityBook value | $509.6M | $7.0B |
| Total Assets | $1.6B | $13.2B |
| Debt / EquityLower = less leverage | 1.86× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $108.5M | ||
| Q3 25 | $84.9M | $45.6M | ||
| Q2 25 | $90.0M | $323.3M | ||
| Q1 25 | $125.5M | $69.7M | ||
| Q4 24 | $63.8M | $199.4M | ||
| Q3 24 | $68.9M | $162.5M | ||
| Q2 24 | $70.6M | $718.4M | ||
| Q1 24 | $99.5M | $124.8M |
| Q4 25 | $948.2M | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $718.5M | $5.0B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $509.6M | $7.0B | ||
| Q3 25 | $521.0M | $7.2B | ||
| Q2 25 | $523.7M | $7.2B | ||
| Q1 25 | $542.1M | $7.2B | ||
| Q4 24 | $540.1M | $7.2B | ||
| Q3 24 | $563.8M | $7.0B | ||
| Q2 24 | $582.3M | $7.0B | ||
| Q1 24 | $601.1M | $7.0B |
| Q4 25 | $1.6B | $13.2B | ||
| Q3 25 | $1.4B | $13.3B | ||
| Q2 25 | $1.4B | $13.6B | ||
| Q1 25 | $1.5B | $13.3B | ||
| Q4 24 | $1.8B | $13.4B | ||
| Q3 24 | $1.9B | $12.8B | ||
| Q2 24 | $2.1B | $13.3B | ||
| Q1 24 | $2.1B | $12.8B |
| Q4 25 | 1.86× | 0.72× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.33× | 0.70× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.64× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.6M | $145.8M |
| Free Cash FlowOCF − Capex | — | $135.5M |
| FCF MarginFCF / Revenue | — | 29.8% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $823.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.6M | $145.8M | ||
| Q3 25 | $3.8M | $223.3M | ||
| Q2 25 | $4.9M | $271.9M | ||
| Q1 25 | $8.0M | $223.4M | ||
| Q4 24 | $7.1M | $102.2M | ||
| Q3 24 | $8.4M | $233.6M | ||
| Q2 24 | $8.7M | $274.0M | ||
| Q1 24 | $11.4M | $201.8M |
| Q4 25 | — | $135.5M | ||
| Q3 25 | — | $214.5M | ||
| Q2 25 | — | $257.7M | ||
| Q1 25 | — | $215.9M | ||
| Q4 24 | — | $97.9M | ||
| Q3 24 | — | $225.3M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $191.0M |
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 44.8% | ||
| Q2 25 | — | 56.3% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | — | 50.6% | ||
| Q2 24 | — | 62.2% | ||
| Q1 24 | — | 45.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | — | 1.01× | ||
| Q3 25 | 0.82× | 1.91× | ||
| Q2 25 | — | 2.20× | ||
| Q1 25 | 0.86× | 1.74× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 2.67× | ||
| Q2 24 | — | 2.52× | ||
| Q1 24 | — | 1.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
