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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Atour Lifestyle Holdings Ltd (ATAT). Click either name above to swap in a different company.
Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $455.0M, roughly 1.7× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs 17.6%, a 14.1% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $210.7M).
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.
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
AMH vs ATAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | ||
|---|---|---|
| Revenue | $455.0M | $789.6M |
| Net Profit | $144.3M | $139.1M |
| Gross Margin | — | — |
| Operating Margin | — | 22.5% |
| Net Margin | 31.7% | 17.6% |
| Revenue YoY | 4.2% | 252.5% |
| Net Profit YoY | 0.3% | 322.2% |
| EPS (diluted) | $0.33 | $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 | $455.0M | — | ||
| Q3 25 | $478.5M | $789.6M | ||
| Q2 25 | $457.5M | — | ||
| Q1 25 | $459.3M | — | ||
| Q4 24 | $436.6M | — | ||
| Q3 24 | $445.1M | $224.0M | ||
| Q2 24 | $423.5M | — | ||
| Q1 24 | $423.6M | $203.4M |
| Q4 25 | $144.3M | — | ||
| Q3 25 | $116.8M | $139.1M | ||
| Q2 25 | $123.6M | — | ||
| Q1 25 | $128.7M | — | ||
| Q4 24 | $143.9M | — | ||
| Q3 24 | $87.6M | $33.0M | ||
| Q2 24 | $108.5M | — | ||
| Q1 24 | $128.1M | $35.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 22.1% |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 24.4% | 17.6% | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 33.0% | — | ||
| Q3 24 | 19.7% | 14.7% | ||
| Q2 24 | 25.6% | — | ||
| Q1 24 | 30.2% | 17.5% |
| Q4 25 | $0.33 | — | ||
| Q3 25 | $0.27 | $0.33 | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.33 | — | ||
| Q3 24 | $0.20 | $0.08 | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.30 | $0.09 |
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 | $669.2M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $405.0M |
| Total Assets | $13.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | — | ||
| Q3 25 | $45.6M | $669.2M | ||
| Q2 25 | $323.3M | — | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | — | ||
| Q3 24 | $162.5M | $506.0M | ||
| Q2 24 | $718.4M | — | ||
| Q1 24 | $124.8M | $520.7M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | $277.0K |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $7.2B | $405.0M | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.0B | $291.3M | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $7.0B | $323.5M |
| Q4 25 | $13.2B | — | ||
| Q3 25 | $13.3B | $1.1B | ||
| Q2 25 | $13.6B | — | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.4B | — | ||
| Q3 24 | $12.8B | $927.8M | ||
| Q2 24 | $13.3B | — | ||
| Q1 24 | $12.8B | $936.3M |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.64× | 0.00× |
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 | $216.6M |
| Free Cash FlowOCF − Capex | $823.7M | $210.7M |
| FCF MarginFCF / Revenue | 181.0% | 26.7% |
| Capex IntensityCapex / Revenue | 8.9% | 0.8% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $359.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | — | ||
| Q3 25 | $223.3M | $216.6M | ||
| Q2 25 | $271.9M | — | ||
| Q1 25 | $223.4M | — | ||
| Q4 24 | $811.5M | — | ||
| Q3 24 | $233.6M | $84.8M | ||
| Q2 24 | $274.0M | — | ||
| Q1 24 | $201.8M | $19.8M |
| Q4 25 | $823.7M | — | ||
| Q3 25 | $214.5M | $210.7M | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | — | ||
| Q3 24 | $225.3M | $83.3M | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $191.0M | $18.1M |
| Q4 25 | 181.0% | — | ||
| Q3 25 | 44.8% | 26.7% | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | — | ||
| Q3 24 | 50.6% | 37.2% | ||
| Q2 24 | 62.2% | — | ||
| Q1 24 | 45.1% | 8.9% |
| Q4 25 | 8.9% | — | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | 0.9% |
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | 1.56× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | 2.57× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | 0.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.