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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Duolingo, Inc. (DUOL). 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 $282.9M, roughly 1.6× Duolingo, Inc.). American Homes 4 Rent runs the higher net margin — 31.7% vs 14.8%, a 16.9% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $96.6M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% 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.
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
AMH vs DUOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $282.9M |
| Net Profit | $144.3M | $42.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | — | 15.4% |
| Net Margin | 31.7% | 14.8% |
| Revenue YoY | 4.2% | 35.0% |
| Net Profit YoY | 0.3% | 201.7% |
| EPS (diluted) | $0.33 | $0.99 |
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 | $282.9M | ||
| Q3 25 | $478.5M | $271.7M | ||
| Q2 25 | $457.5M | $252.3M | ||
| Q1 25 | $459.3M | $230.7M | ||
| Q4 24 | $436.6M | $209.6M | ||
| Q3 24 | $445.1M | $192.6M | ||
| Q2 24 | $423.5M | $178.3M | ||
| Q1 24 | $423.6M | $167.6M |
| Q4 25 | $144.3M | $42.0M | ||
| Q3 25 | $116.8M | $292.2M | ||
| Q2 25 | $123.6M | $44.8M | ||
| Q1 25 | $128.7M | $35.1M | ||
| Q4 24 | $143.9M | $13.9M | ||
| Q3 24 | $87.6M | $23.4M | ||
| Q2 24 | $108.5M | $24.4M | ||
| Q1 24 | $128.1M | $27.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.5% | ||
| Q2 25 | — | 72.4% | ||
| Q1 25 | — | 71.1% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.9% | ||
| Q2 24 | — | 73.4% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 9.8% |
| Q4 25 | 31.7% | 14.8% | ||
| Q3 25 | 24.4% | 107.5% | ||
| Q2 25 | 27.0% | 17.8% | ||
| Q1 25 | 28.0% | 15.2% | ||
| Q4 24 | 33.0% | 6.6% | ||
| Q3 24 | 19.7% | 12.1% | ||
| Q2 24 | 25.6% | 13.7% | ||
| Q1 24 | 30.2% | 16.1% |
| Q4 25 | $0.33 | $0.99 | ||
| Q3 25 | $0.27 | $5.95 | ||
| Q2 25 | $0.28 | $0.91 | ||
| Q1 25 | $0.30 | $0.72 | ||
| Q4 24 | $0.33 | $0.31 | ||
| Q3 24 | $0.20 | $0.49 | ||
| Q2 24 | $0.25 | $0.51 | ||
| Q1 24 | $0.30 | $0.57 |
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 | $1.0B |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $1.3B |
| Total Assets | $13.2B | $2.0B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $1.0B | ||
| Q3 25 | $45.6M | $1.0B | ||
| Q2 25 | $323.3M | $976.2M | ||
| Q1 25 | $69.7M | $884.0M | ||
| Q4 24 | $199.4M | $785.8M | ||
| Q3 24 | $162.5M | $854.4M | ||
| Q2 24 | $718.4M | $888.2M | ||
| Q1 24 | $124.8M | $829.7M |
| 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 | $1.3B | ||
| Q3 25 | $7.2B | $1.3B | ||
| Q2 25 | $7.2B | $977.0M | ||
| Q1 25 | $7.2B | $893.8M | ||
| Q4 24 | $7.2B | $824.5M | ||
| Q3 24 | $7.0B | $822.5M | ||
| Q2 24 | $7.0B | $766.9M | ||
| Q1 24 | $7.0B | $711.1M |
| Q4 25 | $13.2B | $2.0B | ||
| Q3 25 | $13.3B | $1.9B | ||
| Q2 25 | $13.6B | $1.5B | ||
| Q1 25 | $13.3B | $1.4B | ||
| Q4 24 | $13.4B | $1.3B | ||
| Q3 24 | $12.8B | $1.2B | ||
| Q2 24 | $13.3B | $1.1B | ||
| Q1 24 | $12.8B | $1.1B |
| 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 | $107.3M |
| Free Cash FlowOCF − Capex | $823.7M | $96.6M |
| FCF MarginFCF / Revenue | 181.0% | 34.1% |
| Capex IntensityCapex / Revenue | 8.9% | 3.8% |
| Cash ConversionOCF / Net Profit | 5.99× | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $107.3M | ||
| Q3 25 | $223.3M | $84.2M | ||
| Q2 25 | $271.9M | $90.7M | ||
| Q1 25 | $223.4M | $105.6M | ||
| Q4 24 | $811.5M | $83.3M | ||
| Q3 24 | $233.6M | $56.3M | ||
| Q2 24 | $274.0M | $62.4M | ||
| Q1 24 | $201.8M | $83.5M |
| Q4 25 | $823.7M | $96.6M | ||
| Q3 25 | $214.5M | $79.4M | ||
| Q2 25 | $257.7M | $89.5M | ||
| Q1 25 | $215.9M | $104.3M | ||
| Q4 24 | $777.5M | $81.4M | ||
| Q3 24 | $225.3M | $53.1M | ||
| Q2 24 | $263.3M | $56.8M | ||
| Q1 24 | $191.0M | $82.1M |
| Q4 25 | 181.0% | 34.1% | ||
| Q3 25 | 44.8% | 29.2% | ||
| Q2 25 | 56.3% | 35.5% | ||
| Q1 25 | 47.0% | 45.2% | ||
| Q4 24 | 178.1% | 38.8% | ||
| Q3 24 | 50.6% | 27.6% | ||
| Q2 24 | 62.2% | 31.9% | ||
| Q1 24 | 45.1% | 49.0% |
| Q4 25 | 8.9% | 3.8% | ||
| Q3 25 | 1.8% | 1.8% | ||
| Q2 25 | 3.1% | 0.5% | ||
| Q1 25 | 1.6% | 0.6% | ||
| Q4 24 | 7.8% | 0.9% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | 2.5% | 3.1% | ||
| Q1 24 | 2.6% | 0.8% |
| Q4 25 | 5.99× | 2.56× | ||
| Q3 25 | 1.91× | 0.29× | ||
| Q2 25 | 2.20× | 2.02× | ||
| Q1 25 | 1.74× | 3.01× | ||
| Q4 24 | 5.64× | 5.99× | ||
| Q3 24 | 2.67× | 2.41× | ||
| Q2 24 | 2.52× | 2.56× | ||
| Q1 24 | 1.58× | 3.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
