vs
Side-by-side financial comparison of American Homes 4 Rent (AMH) and dLocal Ltd (DLO). 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 $337.9M, roughly 1.3× dLocal Ltd). American Homes 4 Rent runs the higher net margin — 31.7% vs 16.5%, a 15.2% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $99.8M).
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.
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
AMH vs DLO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $337.9M |
| Net Profit | $144.3M | $55.6M |
| Gross Margin | — | 34.3% |
| Operating Margin | — | 18.6% |
| Net Margin | 31.7% | 16.5% |
| Revenue YoY | 4.2% | 65.2% |
| Net Profit YoY | 0.3% | 87.3% |
| EPS (diluted) | $0.33 | $0.18 |
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 | $337.9M | ||
| Q3 25 | $478.5M | $282.5M | ||
| Q2 25 | $457.5M | — | ||
| Q1 25 | $459.3M | — | ||
| Q4 24 | $436.6M | $204.5M | ||
| Q3 24 | $445.1M | $185.8M | ||
| Q2 24 | $423.5M | — | ||
| Q1 24 | $423.6M | — |
| Q4 25 | $144.3M | $55.6M | ||
| Q3 25 | $116.8M | $141.3M | ||
| Q2 25 | $123.6M | — | ||
| Q1 25 | $128.7M | — | ||
| Q4 24 | $143.9M | $29.7M | ||
| Q3 24 | $87.6M | $90.8M | ||
| Q2 24 | $108.5M | — | ||
| Q1 24 | $128.1M | — |
| Q4 25 | — | 34.3% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 31.7% | 16.5% | ||
| Q3 25 | 24.4% | 50.0% | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 33.0% | 14.5% | ||
| Q3 24 | 19.7% | 48.9% | ||
| Q2 24 | 25.6% | — | ||
| Q1 24 | 30.2% | — |
| Q4 25 | $0.33 | $0.18 | ||
| Q3 25 | $0.27 | $0.17 | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.33 | $0.09 | ||
| Q3 24 | $0.20 | $0.09 | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $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 | $108.5M | $719.9M |
| Total DebtLower is stronger | $5.1B | $86.7M |
| Stockholders' EquityBook value | $7.0B | $569.4M |
| Total Assets | $13.2B | $1.5B |
| Debt / EquityLower = less leverage | 0.72× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $719.9M | ||
| Q3 25 | $45.6M | $604.5M | ||
| Q2 25 | $323.3M | — | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | $425.2M | ||
| Q3 24 | $162.5M | $560.5M | ||
| Q2 24 | $718.4M | — | ||
| Q1 24 | $124.8M | — |
| Q4 25 | $5.1B | $86.7M | ||
| Q3 25 | $4.8B | $63.1M | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.0B | $39.8M | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $7.0B | $569.4M | ||
| Q3 25 | $7.2B | $504.7M | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | $489.0M | ||
| Q3 24 | $7.0B | $457.0M | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $7.0B | — |
| Q4 25 | $13.2B | $1.5B | ||
| Q3 25 | $13.3B | $1.4B | ||
| Q2 25 | $13.6B | — | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.4B | $1.2B | ||
| Q3 24 | $12.8B | — | ||
| Q2 24 | $13.3B | — | ||
| Q1 24 | $12.8B | — |
| Q4 25 | 0.72× | 0.15× | ||
| Q3 25 | 0.68× | 0.12× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.70× | 0.08× | ||
| 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 | $100.4M |
| Free Cash FlowOCF − Capex | $823.7M | $99.8M |
| FCF MarginFCF / Revenue | 181.0% | 29.5% |
| Capex IntensityCapex / Revenue | 8.9% | 0.2% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $378.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $100.4M | ||
| Q3 25 | $223.3M | $315.0M | ||
| Q2 25 | $271.9M | — | ||
| Q1 25 | $223.4M | — | ||
| Q4 24 | $811.5M | $-141.1M | ||
| Q3 24 | $233.6M | $108.3M | ||
| Q2 24 | $274.0M | — | ||
| Q1 24 | $201.8M | — |
| Q4 25 | $823.7M | $99.8M | ||
| Q3 25 | $214.5M | $313.4M | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | $-141.6M | ||
| Q3 24 | $225.3M | $107.1M | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $191.0M | — |
| Q4 25 | 181.0% | 29.5% | ||
| Q3 25 | 44.8% | 110.9% | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | -69.2% | ||
| Q3 24 | 50.6% | 57.6% | ||
| Q2 24 | 62.2% | — | ||
| Q1 24 | 45.1% | — |
| Q4 25 | 8.9% | 0.2% | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | 0.2% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 5.99× | 1.80× | ||
| Q3 25 | 1.91× | 2.23× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | -4.75× | ||
| Q3 24 | 2.67× | 1.19× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
