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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Douglas Elliman Inc. (DOUG). 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 $245.4M, roughly 1.9× Douglas Elliman Inc.). American Homes 4 Rent runs the higher net margin — 31.7% vs 27.9%, a 3.8% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs 0.9%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% 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.
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
AMH vs DOUG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $245.4M |
| Net Profit | $144.3M | $68.6M |
| Gross Margin | — | — |
| Operating Margin | — | 27.3% |
| Net Margin | 31.7% | 27.9% |
| Revenue YoY | 4.2% | 0.9% |
| Net Profit YoY | 0.3% | 1243.4% |
| EPS (diluted) | $0.33 | $0.80 |
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 | $245.4M | ||
| Q3 25 | $478.5M | $262.8M | ||
| Q2 25 | $457.5M | $271.4M | ||
| Q1 25 | $459.3M | $253.4M | ||
| Q4 24 | $436.6M | $243.3M | ||
| Q3 24 | $445.1M | $266.3M | ||
| Q2 24 | $423.5M | $285.8M | ||
| Q1 24 | $423.6M | $200.2M |
| Q4 25 | $144.3M | $68.6M | ||
| Q3 25 | $116.8M | $-24.7M | ||
| Q2 25 | $123.6M | $-22.7M | ||
| Q1 25 | $128.7M | $-6.0M | ||
| Q4 24 | $143.9M | $-6.0M | ||
| Q3 24 | $87.6M | $-27.2M | ||
| Q2 24 | $108.5M | $-1.7M | ||
| Q1 24 | $128.1M | $-41.5M |
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | -2.0% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -2.8% | ||
| Q2 24 | — | -1.3% | ||
| Q1 24 | — | -20.7% |
| Q4 25 | 31.7% | 27.9% | ||
| Q3 25 | 24.4% | -9.4% | ||
| Q2 25 | 27.0% | -8.4% | ||
| Q1 25 | 28.0% | -2.4% | ||
| Q4 24 | 33.0% | -2.5% | ||
| Q3 24 | 19.7% | -10.2% | ||
| Q2 24 | 25.6% | -0.6% | ||
| Q1 24 | 30.2% | -20.7% |
| Q4 25 | $0.33 | $0.80 | ||
| Q3 25 | $0.27 | $-0.29 | ||
| Q2 25 | $0.28 | $-0.27 | ||
| Q1 25 | $0.30 | $-0.07 | ||
| Q4 24 | $0.33 | $-0.06 | ||
| Q3 24 | $0.20 | $-0.33 | ||
| Q2 24 | $0.25 | $-0.02 | ||
| Q1 24 | $0.30 | $-0.50 |
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 | $115.5M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $183.9M |
| Total Assets | $13.2B | $444.4M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $115.5M | ||
| Q3 25 | $45.6M | $143.0M | ||
| Q2 25 | $323.3M | $136.3M | ||
| Q1 25 | $69.7M | $136.8M | ||
| Q4 24 | $199.4M | $145.5M | ||
| Q3 24 | $162.5M | $151.4M | ||
| Q2 24 | $718.4M | $92.9M | ||
| Q1 24 | $124.8M | $91.5M |
| 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 | $183.9M | ||
| Q3 25 | $7.2B | $115.1M | ||
| Q2 25 | $7.2B | $137.6M | ||
| Q1 25 | $7.2B | $158.2M | ||
| Q4 24 | $7.2B | $162.2M | ||
| Q3 24 | $7.0B | $173.6M | ||
| Q2 24 | $7.0B | $196.9M | ||
| Q1 24 | $7.0B | $195.1M |
| Q4 25 | $13.2B | $444.4M | ||
| Q3 25 | $13.3B | $480.6M | ||
| Q2 25 | $13.6B | $489.0M | ||
| Q1 25 | $13.3B | $493.9M | ||
| Q4 24 | $13.4B | $493.9M | ||
| Q3 24 | $12.8B | $502.7M | ||
| Q2 24 | $13.3B | $463.9M | ||
| Q1 24 | $12.8B | $461.1M |
| 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 | $-14.4M |
| Free Cash FlowOCF − Capex | $823.7M | $-14.7M |
| FCF MarginFCF / Revenue | 181.0% | -6.0% |
| Capex IntensityCapex / Revenue | 8.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 5.99× | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-17.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $-14.4M | ||
| Q3 25 | $223.3M | $5.5M | ||
| Q2 25 | $271.9M | $642.0K | ||
| Q1 25 | $223.4M | $-5.6M | ||
| Q4 24 | $811.5M | $-9.0M | ||
| Q3 24 | $233.6M | $9.0M | ||
| Q2 24 | $274.0M | $1.3M | ||
| Q1 24 | $201.8M | $-27.3M |
| Q4 25 | $823.7M | $-14.7M | ||
| Q3 25 | $214.5M | $4.7M | ||
| Q2 25 | $257.7M | $-575.0K | ||
| Q1 25 | $215.9M | $-6.7M | ||
| Q4 24 | $777.5M | $-10.2M | ||
| Q3 24 | $225.3M | $7.7M | ||
| Q2 24 | $263.3M | $432.0K | ||
| Q1 24 | $191.0M | $-29.4M |
| Q4 25 | 181.0% | -6.0% | ||
| Q3 25 | 44.8% | 1.8% | ||
| Q2 25 | 56.3% | -0.2% | ||
| Q1 25 | 47.0% | -2.6% | ||
| Q4 24 | 178.1% | -4.2% | ||
| Q3 24 | 50.6% | 2.9% | ||
| Q2 24 | 62.2% | 0.2% | ||
| Q1 24 | 45.1% | -14.7% |
| Q4 25 | 8.9% | 0.1% | ||
| Q3 25 | 1.8% | 0.3% | ||
| Q2 25 | 3.1% | 0.4% | ||
| Q1 25 | 1.6% | 0.4% | ||
| Q4 24 | 7.8% | 0.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 2.5% | 0.3% | ||
| Q1 24 | 2.6% | 1.0% |
| Q4 25 | 5.99× | -0.21× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
