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Side-by-side financial comparison of American Homes 4 Rent (AMH) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $455.0M, roughly 1.6× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs 7.5%, a 24.2% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $70.3M). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs 2.8%).
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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
AMH vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $727.8M |
| Net Profit | $144.3M | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | — | 14.6% |
| Net Margin | 31.7% | 7.5% |
| Revenue YoY | 4.2% | 8.5% |
| Net Profit YoY | 0.3% | 2.1% |
| EPS (diluted) | $0.33 | $0.90 |
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 | $727.8M | ||
| Q3 25 | $478.5M | $715.6M | ||
| Q2 25 | $457.5M | $678.1M | ||
| Q1 25 | $459.3M | — | ||
| Q4 24 | $436.6M | $670.8M | ||
| Q3 24 | $445.1M | $673.3M | ||
| Q2 24 | $423.5M | $707.1M | ||
| Q1 24 | $423.6M | $689.7M |
| Q4 25 | $144.3M | $54.8M | ||
| Q3 25 | $116.8M | $66.9M | ||
| Q2 25 | $123.6M | $67.4M | ||
| Q1 25 | $128.7M | — | ||
| Q4 24 | $143.9M | $53.7M | ||
| Q3 24 | $87.6M | $68.2M | ||
| Q2 24 | $108.5M | $82.9M | ||
| Q1 24 | $128.1M | $60.0M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | — | 14.6% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 16.0% |
| Q4 25 | 31.7% | 7.5% | ||
| Q3 25 | 24.4% | 9.3% | ||
| Q2 25 | 27.0% | 9.9% | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 33.0% | 8.0% | ||
| Q3 24 | 19.7% | 10.1% | ||
| Q2 24 | 25.6% | 11.7% | ||
| Q1 24 | 30.2% | 8.7% |
| Q4 25 | $0.33 | $0.90 | ||
| Q3 25 | $0.27 | $1.09 | ||
| Q2 25 | $0.28 | $1.10 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.33 | $0.87 | ||
| Q3 24 | $0.20 | $1.11 | ||
| Q2 24 | $0.25 | $1.35 | ||
| Q1 24 | $0.30 | $0.98 |
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 | $218.2M |
| Total DebtLower is stronger | $5.1B | $1.3B |
| Stockholders' EquityBook value | $7.0B | $2.1B |
| Total Assets | $13.2B | $4.9B |
| Debt / EquityLower = less leverage | 0.72× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $218.2M | ||
| Q3 25 | $45.6M | $258.2M | ||
| Q2 25 | $323.3M | $291.3M | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | $249.4M | ||
| Q3 24 | $162.5M | $253.7M | ||
| Q2 24 | $718.4M | $228.5M | ||
| Q1 24 | $124.8M | $76.5M |
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $4.8B | $1.1B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.0B | $1.1B | ||
| Q3 24 | $4.5B | $1.1B | ||
| Q2 24 | $5.0B | $1.1B | ||
| Q1 24 | $4.5B | $992.8M |
| Q4 25 | $7.0B | $2.1B | ||
| Q3 25 | $7.2B | $2.1B | ||
| Q2 25 | $7.2B | $1.9B | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | $1.8B | ||
| Q3 24 | $7.0B | $1.8B | ||
| Q2 24 | $7.0B | $1.7B | ||
| Q1 24 | $7.0B | $1.6B |
| Q4 25 | $13.2B | $4.9B | ||
| Q3 25 | $13.3B | $4.4B | ||
| Q2 25 | $13.6B | $4.2B | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.4B | $4.0B | ||
| Q3 24 | $12.8B | $4.1B | ||
| Q2 24 | $13.3B | $4.0B | ||
| Q1 24 | $12.8B | $3.8B |
| Q4 25 | 0.72× | 0.63× | ||
| Q3 25 | 0.68× | 0.51× | ||
| Q2 25 | 0.72× | 0.55× | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.70× | 0.60× | ||
| Q3 24 | 0.64× | 0.59× | ||
| Q2 24 | 0.71× | 0.63× | ||
| Q1 24 | 0.64× | 0.61× |
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 | $81.5M |
| Free Cash FlowOCF − Capex | $823.7M | $70.3M |
| FCF MarginFCF / Revenue | 181.0% | 9.7% |
| Capex IntensityCapex / Revenue | 8.9% | 1.5% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $81.5M | ||
| Q3 25 | $223.3M | $46.6M | ||
| Q2 25 | $271.9M | $35.4M | ||
| Q1 25 | $223.4M | — | ||
| Q4 24 | $811.5M | $126.9M | ||
| Q3 24 | $233.6M | $101.0M | ||
| Q2 24 | $274.0M | $83.0M | ||
| Q1 24 | $201.8M | $44.5M |
| Q4 25 | $823.7M | $70.3M | ||
| Q3 25 | $214.5M | $37.4M | ||
| Q2 25 | $257.7M | $28.1M | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | $102.2M | ||
| Q3 24 | $225.3M | $90.4M | ||
| Q2 24 | $263.3M | $74.0M | ||
| Q1 24 | $191.0M | $37.1M |
| Q4 25 | 181.0% | 9.7% | ||
| Q3 25 | 44.8% | 5.2% | ||
| Q2 25 | 56.3% | 4.1% | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | 15.2% | ||
| Q3 24 | 50.6% | 13.4% | ||
| Q2 24 | 62.2% | 10.5% | ||
| Q1 24 | 45.1% | 5.4% |
| Q4 25 | 8.9% | 1.5% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | 3.7% | ||
| Q3 24 | 1.9% | 1.6% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 2.6% | 1.1% |
| Q4 25 | 5.99× | 1.49× | ||
| Q3 25 | 1.91× | 0.70× | ||
| Q2 25 | 2.20× | 0.53× | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | 2.36× | ||
| Q3 24 | 2.67× | 1.48× | ||
| Q2 24 | 2.52× | 1.00× | ||
| Q1 24 | 1.58× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
