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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Krispy Kreme, Inc. (DNUT). 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 $392.4M, roughly 1.2× Krispy Kreme, Inc.). American Homes 4 Rent runs the higher net margin — 31.7% vs -7.1%, a 38.8% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs -2.9%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $27.9M). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs -5.9%).
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.
Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...
AMH vs DNUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $392.4M |
| Net Profit | $144.3M | $-27.8M |
| Gross Margin | — | — |
| Operating Margin | — | -1.9% |
| Net Margin | 31.7% | -7.1% |
| Revenue YoY | 4.2% | -2.9% |
| Net Profit YoY | 0.3% | -23.8% |
| 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 | $392.4M | ||
| Q3 25 | $478.5M | $375.3M | ||
| Q2 25 | $457.5M | $379.8M | ||
| Q1 25 | $459.3M | $375.2M | ||
| Q4 24 | $436.6M | $404.0M | ||
| Q3 24 | $445.1M | $379.9M | ||
| Q2 24 | $423.5M | $438.8M | ||
| Q1 24 | $423.6M | $442.7M |
| Q4 25 | $144.3M | $-27.8M | ||
| Q3 25 | $116.8M | $-19.4M | ||
| Q2 25 | $123.6M | $-435.3M | ||
| Q1 25 | $128.7M | $-33.3M | ||
| Q4 24 | $143.9M | $-22.4M | ||
| Q3 24 | $87.6M | $39.6M | ||
| Q2 24 | $108.5M | $-5.5M | ||
| Q1 24 | $128.1M | $-8.5M |
| Q4 25 | — | -1.9% | ||
| Q3 25 | — | -1.9% | ||
| Q2 25 | — | -114.4% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | -4.2% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 31.7% | -7.1% | ||
| Q3 25 | 24.4% | -5.2% | ||
| Q2 25 | 27.0% | -114.6% | ||
| Q1 25 | 28.0% | -8.9% | ||
| Q4 24 | 33.0% | -5.6% | ||
| Q3 24 | 19.7% | 10.4% | ||
| Q2 24 | 25.6% | -1.3% | ||
| Q1 24 | 30.2% | -1.9% |
| Q4 25 | $0.33 | $-0.18 | ||
| Q3 25 | $0.27 | $-0.11 | ||
| Q2 25 | $0.28 | $-2.55 | ||
| Q1 25 | $0.30 | $-0.20 | ||
| Q4 24 | $0.33 | $-0.13 | ||
| Q3 24 | $0.20 | $0.23 | ||
| Q2 24 | $0.25 | $-0.03 | ||
| Q1 24 | $0.30 | $-0.05 |
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 | $42.4M |
| Total DebtLower is stronger | $5.1B | $911.9M |
| Stockholders' EquityBook value | $7.0B | $650.1M |
| Total Assets | $13.2B | $2.6B |
| Debt / EquityLower = less leverage | 0.72× | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $42.4M | ||
| Q3 25 | $45.6M | $30.7M | ||
| Q2 25 | $323.3M | $21.3M | ||
| Q1 25 | $69.7M | $18.7M | ||
| Q4 24 | $199.4M | $29.0M | ||
| Q3 24 | $162.5M | $25.4M | ||
| Q2 24 | $718.4M | $28.6M | ||
| Q1 24 | $124.8M | $33.1M |
| Q4 25 | $5.1B | $911.9M | ||
| Q3 25 | $4.8B | $906.2M | ||
| Q2 25 | $5.2B | $889.4M | ||
| Q1 25 | $4.9B | $935.0M | ||
| Q4 24 | $5.0B | $844.5M | ||
| Q3 24 | $4.5B | $804.6M | ||
| Q2 24 | $5.0B | $895.0M | ||
| Q1 24 | $4.5B | $881.8M |
| Q4 25 | $7.0B | $650.1M | ||
| Q3 25 | $7.2B | $670.3M | ||
| Q2 25 | $7.2B | $693.6M | ||
| Q1 25 | $7.2B | $1.1B | ||
| Q4 24 | $7.2B | $1.1B | ||
| Q3 24 | $7.0B | $1.2B | ||
| Q2 24 | $7.0B | $1.1B | ||
| Q1 24 | $7.0B | $1.2B |
| Q4 25 | $13.2B | $2.6B | ||
| Q3 25 | $13.3B | $2.6B | ||
| Q2 25 | $13.6B | $2.6B | ||
| Q1 25 | $13.3B | $3.1B | ||
| Q4 24 | $13.4B | $3.1B | ||
| Q3 24 | $12.8B | $3.1B | ||
| Q2 24 | $13.3B | $3.2B | ||
| Q1 24 | $12.8B | $3.2B |
| Q4 25 | 0.72× | 1.40× | ||
| Q3 25 | 0.68× | 1.35× | ||
| Q2 25 | 0.72× | 1.28× | ||
| Q1 25 | 0.69× | 0.85× | ||
| Q4 24 | 0.70× | 0.74× | ||
| Q3 24 | 0.64× | 0.68× | ||
| Q2 24 | 0.71× | 0.79× | ||
| Q1 24 | 0.64× | 0.76× |
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 | $45.0M |
| Free Cash FlowOCF − Capex | $823.7M | $27.9M |
| FCF MarginFCF / Revenue | 181.0% | 7.1% |
| Capex IntensityCapex / Revenue | 8.9% | 4.4% |
| Cash ConversionOCF / Net Profit | 5.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-64.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $45.0M | ||
| Q3 25 | $223.3M | $42.3M | ||
| Q2 25 | $271.9M | $-32.5M | ||
| Q1 25 | $223.4M | $-20.8M | ||
| Q4 24 | $811.5M | $27.0M | ||
| Q3 24 | $233.6M | $3.3M | ||
| Q2 24 | $274.0M | $33.2M | ||
| Q1 24 | $201.8M | $-17.7M |
| Q4 25 | $823.7M | $27.9M | ||
| Q3 25 | $214.5M | $15.5M | ||
| Q2 25 | $257.7M | $-60.8M | ||
| Q1 25 | $215.9M | $-46.7M | ||
| Q4 24 | $777.5M | $-6.9M | ||
| Q3 24 | $225.3M | $-22.9M | ||
| Q2 24 | $263.3M | $1.6M | ||
| Q1 24 | $191.0M | $-46.8M |
| Q4 25 | 181.0% | 7.1% | ||
| Q3 25 | 44.8% | 4.1% | ||
| Q2 25 | 56.3% | -16.0% | ||
| Q1 25 | 47.0% | -12.5% | ||
| Q4 24 | 178.1% | -1.7% | ||
| Q3 24 | 50.6% | -6.0% | ||
| Q2 24 | 62.2% | 0.4% | ||
| Q1 24 | 45.1% | -10.6% |
| Q4 25 | 8.9% | 4.4% | ||
| Q3 25 | 1.8% | 7.1% | ||
| Q2 25 | 3.1% | 7.4% | ||
| Q1 25 | 1.6% | 6.9% | ||
| Q4 24 | 7.8% | 8.4% | ||
| Q3 24 | 1.9% | 6.9% | ||
| Q2 24 | 2.5% | 7.2% | ||
| Q1 24 | 2.6% | 6.6% |
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | 0.08× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
