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Side-by-side financial comparison of American Homes 4 Rent (AMH) and BADGER METER INC (BMI). 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 $234.1M, roughly 1.9× BADGER METER INC). American Homes 4 Rent runs the higher net margin — 31.7% vs 14.3%, a 17.4% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% 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.
Badger Meter Inc. is a leading global provider of flow measurement and control solutions, serving water utilities, industrial, commercial, and residential customer segments. Its core offerings include smart water meters, IoT-enabled usage monitoring systems, and supporting software that help clients track resource consumption, cut waste, and boost operational efficiency, with key markets spanning North America, Europe, and the Asia-Pacific region.
AMH vs BMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $234.1M |
| Net Profit | $144.3M | $33.6M |
| Gross Margin | — | 39.7% |
| Operating Margin | — | 18.4% |
| Net Margin | 31.7% | 14.3% |
| Revenue YoY | 4.2% | 14.1% |
| Net Profit YoY | 0.3% | 9.3% |
| EPS (diluted) | $0.33 | $1.13 |
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 | $234.1M | ||
| Q3 25 | $478.5M | $222.2M | ||
| Q2 25 | $457.5M | $238.1M | ||
| Q1 25 | $459.3M | $222.2M | ||
| Q4 24 | $436.6M | $205.2M | ||
| Q3 24 | $445.1M | $208.4M | ||
| Q2 24 | $423.5M | $216.7M | ||
| Q1 24 | $423.6M | $196.3M |
| Q4 25 | $144.3M | $33.6M | ||
| Q3 25 | $116.8M | $35.1M | ||
| Q2 25 | $123.6M | $34.6M | ||
| Q1 25 | $128.7M | $38.4M | ||
| Q4 24 | $143.9M | $30.7M | ||
| Q3 24 | $87.6M | $32.0M | ||
| Q2 24 | $108.5M | $33.1M | ||
| Q1 24 | $128.1M | $29.1M |
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.1% | ||
| Q2 25 | — | 41.1% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 40.2% | ||
| Q2 24 | — | 39.4% | ||
| Q1 24 | — | 39.3% |
| Q4 25 | — | 18.4% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 31.7% | 14.3% | ||
| Q3 25 | 24.4% | 15.8% | ||
| Q2 25 | 27.0% | 14.5% | ||
| Q1 25 | 28.0% | 17.3% | ||
| Q4 24 | 33.0% | 15.0% | ||
| Q3 24 | 19.7% | 15.4% | ||
| Q2 24 | 25.6% | 15.3% | ||
| Q1 24 | 30.2% | 14.8% |
| Q4 25 | $0.33 | $1.13 | ||
| Q3 25 | $0.27 | $1.19 | ||
| Q2 25 | $0.28 | $1.17 | ||
| Q1 25 | $0.30 | $1.30 | ||
| Q4 24 | $0.33 | $1.04 | ||
| Q3 24 | $0.20 | $1.08 | ||
| Q2 24 | $0.25 | $1.12 | ||
| Q1 24 | $0.30 | $0.99 |
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 | — |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $713.3M |
| Total Assets | $13.2B | $973.6M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | — | ||
| Q3 25 | $45.6M | — | ||
| Q2 25 | $323.3M | — | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | — | ||
| Q3 24 | $162.5M | — | ||
| Q2 24 | $718.4M | — | ||
| Q1 24 | $124.8M | — |
| 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 | — |
| Q4 25 | $7.0B | $713.3M | ||
| Q3 25 | $7.2B | $702.5M | ||
| Q2 25 | $7.2B | $677.6M | ||
| Q1 25 | $7.2B | $641.7M | ||
| Q4 24 | $7.2B | $606.2M | ||
| Q3 24 | $7.0B | $591.2M | ||
| Q2 24 | $7.0B | $563.1M | ||
| Q1 24 | $7.0B | $535.6M |
| Q4 25 | $13.2B | $973.6M | ||
| Q3 25 | $13.3B | $978.3M | ||
| Q2 25 | $13.6B | $936.4M | ||
| Q1 25 | $13.3B | $899.6M | ||
| Q4 24 | $13.4B | $816.4M | ||
| Q3 24 | $12.8B | $802.9M | ||
| Q2 24 | $13.3B | $781.3M | ||
| Q1 24 | $12.8B | $743.5M |
| 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× | — |
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 | $54.8M |
| Free Cash FlowOCF − Capex | $823.7M | $50.8M |
| FCF MarginFCF / Revenue | 181.0% | 21.7% |
| Capex IntensityCapex / Revenue | 8.9% | 1.7% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $169.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $54.8M | ||
| Q3 25 | $223.3M | $51.3M | ||
| Q2 25 | $271.9M | $44.6M | ||
| Q1 25 | $223.4M | $33.0M | ||
| Q4 24 | $811.5M | $52.1M | ||
| Q3 24 | $233.6M | $45.1M | ||
| Q2 24 | $274.0M | $36.4M | ||
| Q1 24 | $201.8M | $21.5M |
| Q4 25 | $823.7M | $50.8M | ||
| Q3 25 | $214.5M | $48.2M | ||
| Q2 25 | $257.7M | $40.6M | ||
| Q1 25 | $215.9M | $30.1M | ||
| Q4 24 | $777.5M | $47.4M | ||
| Q3 24 | $225.3M | $42.0M | ||
| Q2 24 | $263.3M | $34.1M | ||
| Q1 24 | $191.0M | $18.8M |
| Q4 25 | 181.0% | 21.7% | ||
| Q3 25 | 44.8% | 21.7% | ||
| Q2 25 | 56.3% | 17.1% | ||
| Q1 25 | 47.0% | 13.5% | ||
| Q4 24 | 178.1% | 23.1% | ||
| Q3 24 | 50.6% | 20.1% | ||
| Q2 24 | 62.2% | 15.7% | ||
| Q1 24 | 45.1% | 9.6% |
| Q4 25 | 8.9% | 1.7% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | 7.8% | 2.3% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 2.5% | 1.1% | ||
| Q1 24 | 2.6% | 1.4% |
| Q4 25 | 5.99× | 1.63× | ||
| Q3 25 | 1.91× | 1.46× | ||
| Q2 25 | 2.20× | 1.29× | ||
| Q1 25 | 1.74× | 0.86× | ||
| Q4 24 | 5.64× | 1.70× | ||
| Q3 24 | 2.67× | 1.41× | ||
| Q2 24 | 2.52× | 1.10× | ||
| Q1 24 | 1.58× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
