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Side-by-side financial comparison of American Homes 4 Rent (AMH) and APOGEE ENTERPRISES, INC. (APOG). 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 $348.6M, roughly 1.3× APOGEE ENTERPRISES, INC.). American Homes 4 Rent runs the higher net margin — 31.7% vs 4.7%, a 27.0% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs 2.1%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $22.9M). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs -1.9%).
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.
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
AMH vs APOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $348.6M |
| Net Profit | $144.3M | $16.5M |
| Gross Margin | — | 23.8% |
| Operating Margin | — | 7.1% |
| Net Margin | 31.7% | 4.7% |
| Revenue YoY | 4.2% | 2.1% |
| Net Profit YoY | 0.3% | -21.2% |
| EPS (diluted) | $0.33 | $0.77 |
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 | $455.0M | $348.6M | ||
| Q3 25 | $478.5M | $358.2M | ||
| Q2 25 | $457.5M | $346.6M | ||
| Q1 25 | $459.3M | $345.7M | ||
| Q4 24 | $436.6M | $341.3M | ||
| Q3 24 | $445.1M | $342.4M | ||
| Q2 24 | $423.5M | $331.5M | ||
| Q1 24 | $423.6M | $361.8M |
| Q4 25 | $144.3M | $16.5M | ||
| Q3 25 | $116.8M | $23.6M | ||
| Q2 25 | $123.6M | $-2.7M | ||
| Q1 25 | $128.7M | $2.5M | ||
| Q4 24 | $143.9M | $21.0M | ||
| Q3 24 | $87.6M | $30.6M | ||
| Q2 24 | $108.5M | $31.0M | ||
| Q1 24 | $128.1M | $15.7M |
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | — | 29.8% | ||
| Q1 24 | — | 24.4% |
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | 31.7% | 4.7% | ||
| Q3 25 | 24.4% | 6.6% | ||
| Q2 25 | 27.0% | -0.8% | ||
| Q1 25 | 28.0% | 0.7% | ||
| Q4 24 | 33.0% | 6.1% | ||
| Q3 24 | 19.7% | 8.9% | ||
| Q2 24 | 25.6% | 9.4% | ||
| Q1 24 | 30.2% | 4.3% |
| Q4 25 | $0.33 | $0.77 | ||
| Q3 25 | $0.27 | $1.10 | ||
| Q2 25 | $0.28 | $-0.13 | ||
| Q1 25 | $0.30 | $0.12 | ||
| Q4 24 | $0.33 | $0.96 | ||
| Q3 24 | $0.20 | $1.40 | ||
| Q2 24 | $0.25 | $1.41 | ||
| Q1 24 | $0.30 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $108.5M | $41.3M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $512.3M |
| Total Assets | $13.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $41.3M | ||
| Q3 25 | $45.6M | $39.5M | ||
| Q2 25 | $323.3M | $32.8M | ||
| Q1 25 | $69.7M | $41.4M | ||
| Q4 24 | $199.4M | $43.9M | ||
| Q3 24 | $162.5M | $51.0M | ||
| Q2 24 | $718.4M | $30.4M | ||
| Q1 24 | $124.8M | $37.2M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | $285.0M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | $62.0M |
| Q4 25 | $7.0B | $512.3M | ||
| Q3 25 | $7.2B | $500.2M | ||
| Q2 25 | $7.2B | $481.8M | ||
| Q1 25 | $7.2B | $487.9M | ||
| Q4 24 | $7.2B | $522.1M | ||
| Q3 24 | $7.0B | $506.4M | ||
| Q2 24 | $7.0B | $480.0M | ||
| Q1 24 | $7.0B | $471.0M |
| Q4 25 | $13.2B | $1.1B | ||
| Q3 25 | $13.3B | $1.2B | ||
| Q2 25 | $13.6B | $1.2B | ||
| Q1 25 | $13.3B | $1.2B | ||
| Q4 24 | $13.4B | $1.2B | ||
| Q3 24 | $12.8B | $917.1M | ||
| Q2 24 | $13.3B | $889.0M | ||
| Q1 24 | $12.8B | $884.1M |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | 0.58× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.64× | 0.13× |
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 | $864.3M | $29.3M |
| Free Cash FlowOCF − Capex | $823.7M | $22.9M |
| FCF MarginFCF / Revenue | 181.0% | 6.6% |
| Capex IntensityCapex / Revenue | 8.9% | 1.9% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $67.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $29.3M | ||
| Q3 25 | $223.3M | $57.1M | ||
| Q2 25 | $271.9M | $-19.8M | ||
| Q1 25 | $223.4M | $30.0M | ||
| Q4 24 | $811.5M | $31.0M | ||
| Q3 24 | $233.6M | $58.7M | ||
| Q2 24 | $274.0M | $5.5M | ||
| Q1 24 | $201.8M | $74.9M |
| Q4 25 | $823.7M | $22.9M | ||
| Q3 25 | $214.5M | $52.4M | ||
| Q2 25 | $257.7M | $-26.9M | ||
| Q1 25 | $215.9M | $19.1M | ||
| Q4 24 | $777.5M | $22.0M | ||
| Q3 24 | $225.3M | $50.2M | ||
| Q2 24 | $263.3M | $-1.8M | ||
| Q1 24 | $191.0M | $58.7M |
| Q4 25 | 181.0% | 6.6% | ||
| Q3 25 | 44.8% | 14.6% | ||
| Q2 25 | 56.3% | -7.8% | ||
| Q1 25 | 47.0% | 5.5% | ||
| Q4 24 | 178.1% | 6.4% | ||
| Q3 24 | 50.6% | 14.7% | ||
| Q2 24 | 62.2% | -0.5% | ||
| Q1 24 | 45.1% | 16.2% |
| Q4 25 | 8.9% | 1.9% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 3.1% | 2.1% | ||
| Q1 25 | 1.6% | 3.2% | ||
| Q4 24 | 7.8% | 2.6% | ||
| Q3 24 | 1.9% | 2.5% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 2.6% | 4.5% |
| Q4 25 | 5.99× | 1.77× | ||
| Q3 25 | 1.91× | 2.41× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | 12.08× | ||
| Q4 24 | 5.64× | 1.48× | ||
| Q3 24 | 2.67× | 1.92× | ||
| Q2 24 | 2.52× | 0.18× | ||
| Q1 24 | 1.58× | 4.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
