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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) 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 $43.2M, roughly 10.5× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 31.7%, a 92.3% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 4.2%). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 3.6%).
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.
ADAM vs AMH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $455.0M |
| Net Profit | $53.5M | $144.3M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 124.0% | 31.7% |
| Revenue YoY | 61.6% | 4.2% |
| Net Profit YoY | 270.5% | 0.3% |
| EPS (diluted) | $0.45 | $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 | $43.2M | $455.0M | ||
| Q3 25 | $36.6M | $478.5M | ||
| Q2 25 | $36.4M | $457.5M | ||
| Q1 25 | $33.1M | $459.3M | ||
| Q4 24 | $26.7M | $436.6M | ||
| Q3 24 | $20.2M | $445.1M | ||
| Q2 24 | $19.0M | $423.5M | ||
| Q1 24 | $17.9M | $423.6M |
| Q4 25 | $53.5M | $144.3M | ||
| Q3 25 | $44.8M | $116.8M | ||
| Q2 25 | $8.5M | $123.6M | ||
| Q1 25 | $42.2M | $128.7M | ||
| Q4 24 | $-31.4M | $143.9M | ||
| Q3 24 | $42.8M | $87.6M | ||
| Q2 24 | $-15.6M | $108.5M | ||
| Q1 24 | $-57.9M | $128.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
| Q4 25 | 124.0% | 31.7% | ||
| Q3 25 | 122.5% | 24.4% | ||
| Q2 25 | 23.4% | 27.0% | ||
| Q1 25 | 127.4% | 28.0% | ||
| Q4 24 | -117.5% | 33.0% | ||
| Q3 24 | 211.7% | 19.7% | ||
| Q2 24 | -81.9% | 25.6% | ||
| Q1 24 | -324.1% | 30.2% |
| Q4 25 | $0.45 | $0.33 | ||
| Q3 25 | $0.36 | $0.27 | ||
| Q2 25 | $-0.04 | $0.28 | ||
| Q1 25 | $0.33 | $0.30 | ||
| Q4 24 | $-0.46 | $0.33 | ||
| Q3 24 | $0.36 | $0.20 | ||
| Q2 24 | $-0.29 | $0.25 | ||
| Q1 24 | $-0.75 | $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 | $210.3M | $108.5M |
| Total DebtLower is stronger | $735.8M | $5.1B |
| Stockholders' EquityBook value | $1.4B | $7.0B |
| Total Assets | $12.6B | $13.2B |
| Debt / EquityLower = less leverage | 0.52× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $108.5M | ||
| Q3 25 | $185.3M | $45.6M | ||
| Q2 25 | $160.4M | $323.3M | ||
| Q1 25 | $177.1M | $69.7M | ||
| Q4 24 | $167.4M | $199.4M | ||
| Q3 24 | $195.1M | $162.5M | ||
| Q2 24 | $235.5M | $718.4M | ||
| Q1 24 | $226.9M | $124.8M |
| Q4 25 | $735.8M | $5.1B | ||
| Q3 25 | $766.6M | $4.8B | ||
| Q2 25 | $653.0M | $5.2B | ||
| Q1 25 | $654.4M | $4.9B | ||
| Q4 24 | $573.2M | $5.0B | ||
| Q3 24 | $699.4M | $4.5B | ||
| Q2 24 | $800.7M | $5.0B | ||
| Q1 24 | $1.0B | $4.5B |
| Q4 25 | $1.4B | $7.0B | ||
| Q3 25 | $1.4B | $7.2B | ||
| Q2 25 | $1.4B | $7.2B | ||
| Q1 25 | $1.4B | $7.2B | ||
| Q4 24 | $1.4B | $7.2B | ||
| Q3 24 | $1.4B | $7.0B | ||
| Q2 24 | $1.4B | $7.0B | ||
| Q1 24 | $1.5B | $7.0B |
| Q4 25 | $12.6B | $13.2B | ||
| Q3 25 | $12.4B | $13.3B | ||
| Q2 25 | $10.6B | $13.6B | ||
| Q1 25 | $10.0B | $13.3B | ||
| Q4 24 | $9.2B | $13.4B | ||
| Q3 24 | $8.9B | $12.8B | ||
| Q2 24 | $8.2B | $13.3B | ||
| Q1 24 | $7.4B | $12.8B |
| Q4 25 | 0.52× | 0.72× | ||
| Q3 25 | 0.55× | 0.68× | ||
| Q2 25 | 0.47× | 0.72× | ||
| Q1 25 | 0.47× | 0.69× | ||
| Q4 24 | 0.41× | 0.70× | ||
| Q3 24 | 0.48× | 0.64× | ||
| Q2 24 | 0.56× | 0.71× | ||
| Q1 24 | 0.67× | 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 | $62.1M | $145.8M |
| Free Cash FlowOCF − Capex | — | $135.5M |
| FCF MarginFCF / Revenue | — | 29.8% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 1.16× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $823.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.1M | $145.8M | ||
| Q3 25 | $6.9M | $223.3M | ||
| Q2 25 | $39.2M | $271.9M | ||
| Q1 25 | $25.8M | $223.4M | ||
| Q4 24 | $29.1M | $102.2M | ||
| Q3 24 | $-922.0K | $233.6M | ||
| Q2 24 | $-993.0K | $274.0M | ||
| Q1 24 | $-13.1M | $201.8M |
| Q4 25 | — | $135.5M | ||
| Q3 25 | — | $214.5M | ||
| Q2 25 | — | $257.7M | ||
| Q1 25 | — | $215.9M | ||
| Q4 24 | $25.7M | $97.9M | ||
| Q3 24 | $-8.6M | $225.3M | ||
| Q2 24 | $-8.6M | $263.3M | ||
| Q1 24 | $-19.1M | $191.0M |
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 44.8% | ||
| Q2 25 | — | 56.3% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | 96.1% | 22.4% | ||
| Q3 24 | -42.3% | 50.6% | ||
| Q2 24 | -44.9% | 62.2% | ||
| Q1 24 | -107.0% | 45.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 12.9% | 1.0% | ||
| Q3 24 | 37.7% | 1.9% | ||
| Q2 24 | 39.7% | 2.5% | ||
| Q1 24 | 33.5% | 2.6% |
| Q4 25 | 1.16× | 1.01× | ||
| Q3 25 | 0.15× | 1.91× | ||
| Q2 25 | 4.59× | 2.20× | ||
| Q1 25 | 0.61× | 1.74× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | -0.02× | 2.67× | ||
| Q2 24 | — | 2.52× | ||
| Q1 24 | — | 1.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AMH
Segment breakdown not available.
