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Side-by-side financial comparison of American Homes 4 Rent (AMH) and BXP, Inc. (BXP). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $455.0M, roughly 1.9× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs 15.3%, a 16.5% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs 0.8%). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs 1.3%).
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.
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
AMH vs BXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $872.1M |
| Net Profit | $144.3M | $133.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 31.7% | 15.3% |
| Revenue YoY | 4.2% | 0.8% |
| Net Profit YoY | 0.3% | 53.0% |
| EPS (diluted) | $0.33 | $1.69 |
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.
| Q1 26 | — | $872.1M | ||
| Q4 25 | $455.0M | $877.1M | ||
| Q3 25 | $478.5M | $871.5M | ||
| Q2 25 | $457.5M | $868.5M | ||
| Q1 25 | $459.3M | $865.2M | ||
| Q4 24 | $436.6M | $858.6M | ||
| Q3 24 | $445.1M | $859.2M | ||
| Q2 24 | $423.5M | $850.5M |
| Q1 26 | — | $133.0M | ||
| Q4 25 | $144.3M | $248.4M | ||
| Q3 25 | $116.8M | $-121.7M | ||
| Q2 25 | $123.6M | $89.0M | ||
| Q1 25 | $128.7M | $61.2M | ||
| Q4 24 | $143.9M | $-228.9M | ||
| Q3 24 | $87.6M | $83.6M | ||
| Q2 24 | $108.5M | $79.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 58.8% | ||
| Q3 25 | — | 59.3% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 59.8% |
| Q1 26 | — | 15.3% | ||
| Q4 25 | 31.7% | 28.3% | ||
| Q3 25 | 24.4% | -14.0% | ||
| Q2 25 | 27.0% | 10.2% | ||
| Q1 25 | 28.0% | 7.1% | ||
| Q4 24 | 33.0% | -26.7% | ||
| Q3 24 | 19.7% | 9.7% | ||
| Q2 24 | 25.6% | 9.4% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $0.33 | $1.56 | ||
| Q3 25 | $0.27 | $-0.77 | ||
| Q2 25 | $0.28 | $0.56 | ||
| Q1 25 | $0.30 | $0.39 | ||
| Q4 24 | $0.33 | $-1.46 | ||
| Q3 24 | $0.20 | $0.53 | ||
| Q2 24 | $0.25 | $0.51 |
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 | $512.8M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $7.7B |
| Total Assets | $13.2B | $25.1B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.8M | ||
| Q4 25 | $108.5M | $1.5B | ||
| Q3 25 | $45.6M | $861.1M | ||
| Q2 25 | $323.3M | $447.0M | ||
| Q1 25 | $69.7M | $398.1M | ||
| Q4 24 | $199.4M | $1.3B | ||
| Q3 24 | $162.5M | $1.4B | ||
| Q2 24 | $718.4M | $685.4M |
| Q1 26 | — | — | ||
| 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 26 | — | $7.7B | ||
| Q4 25 | $7.0B | $5.1B | ||
| Q3 25 | $7.2B | $5.0B | ||
| Q2 25 | $7.2B | $5.3B | ||
| Q1 25 | $7.2B | $5.3B | ||
| Q4 24 | $7.2B | $5.4B | ||
| Q3 24 | $7.0B | $5.8B | ||
| Q2 24 | $7.0B | $5.8B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $13.2B | $26.2B | ||
| Q3 25 | $13.3B | $26.0B | ||
| Q2 25 | $13.6B | $25.6B | ||
| Q1 25 | $13.3B | $25.4B | ||
| Q4 24 | $13.4B | $26.1B | ||
| Q3 24 | $12.8B | $26.4B | ||
| Q2 24 | $13.3B | $25.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $823.7M | — |
| FCF MarginFCF / Revenue | 181.0% | — |
| Capex IntensityCapex / Revenue | 8.9% | 1.5% |
| Cash ConversionOCF / Net Profit | 5.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $864.3M | $407.8M | ||
| Q3 25 | $223.3M | $274.2M | ||
| Q2 25 | $271.9M | $353.1M | ||
| Q1 25 | $223.4M | $210.0M | ||
| Q4 24 | $811.5M | $383.7M | ||
| Q3 24 | $233.6M | $286.1M | ||
| Q2 24 | $274.0M | $367.1M |
| Q1 26 | — | — | ||
| Q4 25 | $823.7M | $362.7M | ||
| Q3 25 | $214.5M | $231.6M | ||
| Q2 25 | $257.7M | $281.5M | ||
| Q1 25 | $215.9M | $152.6M | ||
| Q4 24 | $777.5M | $312.5M | ||
| Q3 24 | $225.3M | $234.5M | ||
| Q2 24 | $263.3M | $332.4M |
| Q1 26 | — | — | ||
| Q4 25 | 181.0% | 41.4% | ||
| Q3 25 | 44.8% | 26.6% | ||
| Q2 25 | 56.3% | 32.4% | ||
| Q1 25 | 47.0% | 17.6% | ||
| Q4 24 | 178.1% | 36.4% | ||
| Q3 24 | 50.6% | 27.3% | ||
| Q2 24 | 62.2% | 39.1% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 8.9% | 5.1% | ||
| Q3 25 | 1.8% | 4.9% | ||
| Q2 25 | 3.1% | 8.2% | ||
| Q1 25 | 1.6% | 6.6% | ||
| Q4 24 | 7.8% | 8.3% | ||
| Q3 24 | 1.9% | 6.0% | ||
| Q2 24 | 2.5% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.99× | 1.64× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | 3.97× | ||
| Q1 25 | 1.74× | 3.43× | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | 3.42× | ||
| Q2 24 | 2.52× | 4.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
