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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Enhabit, Inc. (EHAB). 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 $270.4M, roughly 1.7× Enhabit, Inc.). American Homes 4 Rent runs the higher net margin — 31.7% vs -14.3%, a 46.0% gap on every dollar of revenue. On growth, Enhabit, Inc. posted the faster year-over-year revenue change (4.7% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $3.3M). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs 1.5%).
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.
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
AMH vs EHAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $270.4M |
| Net Profit | $144.3M | $-38.7M |
| Gross Margin | — | — |
| Operating Margin | — | -12.3% |
| Net Margin | 31.7% | -14.3% |
| Revenue YoY | 4.2% | 4.7% |
| Net Profit YoY | 0.3% | 15.9% |
| EPS (diluted) | $0.33 | $-0.76 |
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 | $270.4M | ||
| Q3 25 | $478.5M | $263.6M | ||
| Q2 25 | $457.5M | $266.1M | ||
| Q1 25 | $459.3M | $259.9M | ||
| Q4 24 | $436.6M | $258.2M | ||
| Q3 24 | $445.1M | $253.6M | ||
| Q2 24 | $423.5M | $260.6M | ||
| Q1 24 | $423.6M | $262.4M |
| Q4 25 | $144.3M | $-38.7M | ||
| Q3 25 | $116.8M | $11.1M | ||
| Q2 25 | $123.6M | $5.2M | ||
| Q1 25 | $128.7M | $17.8M | ||
| Q4 24 | $143.9M | $-46.0M | ||
| Q3 24 | $87.6M | $-110.2M | ||
| Q2 24 | $108.5M | $-200.0K | ||
| Q1 24 | $128.1M | $200.0K |
| Q4 25 | — | -12.3% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | -16.0% | ||
| Q3 24 | — | -38.6% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | 31.7% | -14.3% | ||
| Q3 25 | 24.4% | 4.2% | ||
| Q2 25 | 27.0% | 2.0% | ||
| Q1 25 | 28.0% | 6.8% | ||
| Q4 24 | 33.0% | -17.8% | ||
| Q3 24 | 19.7% | -43.5% | ||
| Q2 24 | 25.6% | -0.1% | ||
| Q1 24 | 30.2% | 0.1% |
| Q4 25 | $0.33 | $-0.76 | ||
| Q3 25 | $0.27 | $0.22 | ||
| Q2 25 | $0.28 | $0.10 | ||
| Q1 25 | $0.30 | $0.35 | ||
| Q4 24 | $0.33 | $-0.92 | ||
| Q3 24 | $0.20 | $-2.20 | ||
| Q2 24 | $0.25 | $0.00 | ||
| Q1 24 | $0.30 | $0.01 |
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 | $43.6M |
| Total DebtLower is stronger | $5.1B | $426.0M |
| Stockholders' EquityBook value | $7.0B | $534.0M |
| Total Assets | $13.2B | $1.2B |
| Debt / EquityLower = less leverage | 0.72× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $43.6M | ||
| Q3 25 | $45.6M | $56.9M | ||
| Q2 25 | $323.3M | $37.1M | ||
| Q1 25 | $69.7M | $39.5M | ||
| Q4 24 | $199.4M | $28.4M | ||
| Q3 24 | $162.5M | $45.7M | ||
| Q2 24 | $718.4M | $28.5M | ||
| Q1 24 | $124.8M | $36.5M |
| Q4 25 | $5.1B | $426.0M | ||
| Q3 25 | $4.8B | $441.5M | ||
| Q2 25 | $5.2B | $456.9M | ||
| Q1 25 | $4.9B | $467.3M | ||
| Q4 24 | $5.0B | $492.6M | ||
| Q3 24 | $4.5B | $502.9M | ||
| Q2 24 | $5.0B | $512.7M | ||
| Q1 24 | $4.5B | $526.7M |
| Q4 25 | $7.0B | $534.0M | ||
| Q3 25 | $7.2B | $566.8M | ||
| Q2 25 | $7.2B | $552.4M | ||
| Q1 25 | $7.2B | $543.2M | ||
| Q4 24 | $7.2B | $523.5M | ||
| Q3 24 | $7.0B | $566.1M | ||
| Q2 24 | $7.0B | $674.3M | ||
| Q1 24 | $7.0B | $672.3M |
| Q4 25 | $13.2B | $1.2B | ||
| Q3 25 | $13.3B | $1.2B | ||
| Q2 25 | $13.6B | $1.2B | ||
| Q1 25 | $13.3B | $1.2B | ||
| Q4 24 | $13.4B | $1.2B | ||
| Q3 24 | $12.8B | $1.3B | ||
| Q2 24 | $13.3B | $1.4B | ||
| Q1 24 | $12.8B | $1.4B |
| Q4 25 | 0.72× | 0.80× | ||
| Q3 25 | 0.68× | 0.78× | ||
| Q2 25 | 0.72× | 0.83× | ||
| Q1 25 | 0.69× | 0.86× | ||
| Q4 24 | 0.70× | 0.94× | ||
| Q3 24 | 0.64× | 0.89× | ||
| Q2 24 | 0.71× | 0.76× | ||
| Q1 24 | 0.64× | 0.78× |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $823.7M | $3.3M |
| FCF MarginFCF / Revenue | 181.0% | 1.2% |
| Capex IntensityCapex / Revenue | 8.9% | 0.4% |
| Cash ConversionOCF / Net Profit | 5.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $4.4M | ||
| Q3 25 | $223.3M | $37.8M | ||
| Q2 25 | $271.9M | $10.6M | ||
| Q1 25 | $223.4M | $17.9M | ||
| Q4 24 | $811.5M | $-4.1M | ||
| Q3 24 | $233.6M | $28.4M | ||
| Q2 24 | $274.0M | $9.6M | ||
| Q1 24 | $201.8M | $17.3M |
| Q4 25 | $823.7M | $3.3M | ||
| Q3 25 | $214.5M | $36.2M | ||
| Q2 25 | $257.7M | $8.7M | ||
| Q1 25 | $215.9M | $17.6M | ||
| Q4 24 | $777.5M | $-4.7M | ||
| Q3 24 | $225.3M | $27.7M | ||
| Q2 24 | $263.3M | $8.9M | ||
| Q1 24 | $191.0M | $15.5M |
| Q4 25 | 181.0% | 1.2% | ||
| Q3 25 | 44.8% | 13.7% | ||
| Q2 25 | 56.3% | 3.3% | ||
| Q1 25 | 47.0% | 6.8% | ||
| Q4 24 | 178.1% | -1.8% | ||
| Q3 24 | 50.6% | 10.9% | ||
| Q2 24 | 62.2% | 3.4% | ||
| Q1 24 | 45.1% | 5.9% |
| Q4 25 | 8.9% | 0.4% | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 3.1% | 0.7% | ||
| Q1 25 | 1.6% | 0.1% | ||
| Q4 24 | 7.8% | 0.2% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 2.5% | 0.3% | ||
| Q1 24 | 2.6% | 0.7% |
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | 3.41× | ||
| Q2 25 | 2.20× | 2.04× | ||
| Q1 25 | 1.74× | 1.01× | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | 86.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
