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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Gaming & Leisure Properties, Inc. (GLPI). 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 $420.0M, roughly 1.1× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 31.7%, a 25.3% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 4.2%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% 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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
AMH vs GLPI — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $420.0M |
| Net Profit | $144.3M | $239.4M |
| Gross Margin | — | — |
| Operating Margin | — | 79.4% |
| Net Margin | 31.7% | 57.0% |
| Revenue YoY | 4.2% | 6.3% |
| Net Profit YoY | 0.3% | 40.5% |
| EPS (diluted) | $0.33 | — |
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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $455.0M | $407.0M | ||
| Q3 25 | $478.5M | $397.6M | ||
| Q2 25 | $457.5M | $394.9M | ||
| Q1 25 | $459.3M | $395.2M | ||
| Q4 24 | $436.6M | $389.6M | ||
| Q3 24 | $445.1M | $385.3M | ||
| Q2 24 | $423.5M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $144.3M | $267.3M | ||
| Q3 25 | $116.8M | $241.2M | ||
| Q2 25 | $123.6M | $151.4M | ||
| Q1 25 | $128.7M | $165.2M | ||
| Q4 24 | $143.9M | $217.2M | ||
| Q3 24 | $87.6M | $184.7M | ||
| Q2 24 | $108.5M | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | — | 89.3% | ||
| Q3 25 | — | 84.8% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | 65.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 31.7% | 65.7% | ||
| Q3 25 | 24.4% | 60.7% | ||
| Q2 25 | 27.0% | 38.4% | ||
| Q1 25 | 28.0% | 41.8% | ||
| Q4 24 | 33.0% | 55.8% | ||
| Q3 24 | 19.7% | 47.9% | ||
| Q2 24 | 25.6% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.33 | $0.96 | ||
| Q3 25 | $0.27 | $0.85 | ||
| Q2 25 | $0.28 | $0.54 | ||
| Q1 25 | $0.30 | $0.60 | ||
| Q4 24 | $0.33 | $0.79 | ||
| Q3 24 | $0.20 | $0.67 | ||
| Q2 24 | $0.25 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $5.0B |
| Total Assets | $13.2B | $13.8B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $108.5M | — | ||
| Q3 25 | $45.6M | — | ||
| Q2 25 | $323.3M | — | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | $560.8M | ||
| Q3 24 | $162.5M | $554.1M | ||
| Q2 24 | $718.4M | $347.8M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $7.2B | ||
| Q3 25 | $4.8B | $7.2B | ||
| Q2 25 | $5.2B | $6.9B | ||
| Q1 25 | $4.9B | $6.9B | ||
| Q4 24 | $5.0B | $7.7B | ||
| Q3 24 | $4.5B | $7.4B | ||
| Q2 24 | $5.0B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $7.0B | $4.6B | ||
| Q3 25 | $7.2B | $4.6B | ||
| Q2 25 | $7.2B | $4.6B | ||
| Q1 25 | $7.2B | $4.2B | ||
| Q4 24 | $7.2B | $4.3B | ||
| Q3 24 | $7.0B | $4.3B | ||
| Q2 24 | $7.0B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $13.2B | $12.9B | ||
| Q3 25 | $13.3B | $12.8B | ||
| Q2 25 | $13.6B | $12.5B | ||
| Q1 25 | $13.3B | $12.1B | ||
| Q4 24 | $13.4B | $13.1B | ||
| Q3 24 | $12.8B | $12.7B | ||
| Q2 24 | $13.3B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 1.56× | ||
| Q3 25 | 0.68× | 1.57× | ||
| Q2 25 | 0.72× | 1.51× | ||
| Q1 25 | 0.69× | 1.63× | ||
| Q4 24 | 0.70× | 1.81× | ||
| Q3 24 | 0.64× | 1.74× | ||
| Q2 24 | 0.71× | 1.60× |
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 | $145.8M | — |
| Free Cash FlowOCF − Capex | $135.5M | — |
| FCF MarginFCF / Revenue | 29.8% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $823.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $145.8M | $343.2M | ||
| Q3 25 | $223.3M | $240.3M | ||
| Q2 25 | $271.9M | $293.4M | ||
| Q1 25 | $223.4M | $252.5M | ||
| Q4 24 | $102.2M | $292.4M | ||
| Q3 24 | $233.6M | $270.4M | ||
| Q2 24 | $274.0M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $135.5M | — | ||
| Q3 25 | $214.5M | $183.0M | ||
| Q2 25 | $257.7M | $272.3M | ||
| Q1 25 | $215.9M | $239.6M | ||
| Q4 24 | $97.9M | $276.6M | ||
| Q3 24 | $225.3M | $261.5M | ||
| Q2 24 | $263.3M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 29.8% | — | ||
| Q3 25 | 44.8% | 46.0% | ||
| Q2 25 | 56.3% | 69.0% | ||
| Q1 25 | 47.0% | 60.6% | ||
| Q4 24 | 22.4% | 71.0% | ||
| Q3 24 | 50.6% | 67.9% | ||
| Q2 24 | 62.2% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | — | ||
| Q3 25 | 1.8% | 14.4% | ||
| Q2 25 | 3.1% | 5.3% | ||
| Q1 25 | 1.6% | 3.3% | ||
| Q4 24 | 1.0% | 4.1% | ||
| Q3 24 | 1.9% | 2.3% | ||
| Q2 24 | 2.5% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 1.28× | ||
| Q3 25 | 1.91× | 1.00× | ||
| Q2 25 | 2.20× | 1.94× | ||
| Q1 25 | 1.74× | 1.53× | ||
| Q4 24 | 0.71× | 1.35× | ||
| Q3 24 | 2.67× | 1.46× | ||
| Q2 24 | 2.52× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
