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Side-by-side financial comparison of American Homes 4 Rent (AMH) and IPG PHOTONICS CORP (IPGP). 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 $274.5M, roughly 1.7× IPG PHOTONICS CORP). American Homes 4 Rent runs the higher net margin — 31.7% vs 4.8%, a 26.9% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% 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.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
AMH vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $274.5M |
| Net Profit | $144.3M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | — | 1.2% |
| Net Margin | 31.7% | 4.8% |
| Revenue YoY | 4.2% | 17.1% |
| Net Profit YoY | 0.3% | 69.8% |
| EPS (diluted) | $0.33 | $0.30 |
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 | $274.5M | ||
| Q3 25 | $478.5M | $250.8M | ||
| Q2 25 | $457.5M | $250.7M | ||
| Q1 25 | $459.3M | $227.8M | ||
| Q4 24 | $436.6M | $234.3M | ||
| Q3 24 | $445.1M | $233.1M | ||
| Q2 24 | $423.5M | $257.6M | ||
| Q1 24 | $423.6M | $252.0M |
| Q4 25 | $144.3M | $13.3M | ||
| Q3 25 | $116.8M | $7.5M | ||
| Q2 25 | $123.6M | $6.6M | ||
| Q1 25 | $128.7M | $3.8M | ||
| Q4 24 | $143.9M | $7.8M | ||
| Q3 24 | $87.6M | $-233.6M | ||
| Q2 24 | $108.5M | $20.2M | ||
| Q1 24 | $128.1M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | -108.7% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | 31.7% | 4.8% | ||
| Q3 25 | 24.4% | 3.0% | ||
| Q2 25 | 27.0% | 2.6% | ||
| Q1 25 | 28.0% | 1.6% | ||
| Q4 24 | 33.0% | 3.3% | ||
| Q3 24 | 19.7% | -100.2% | ||
| Q2 24 | 25.6% | 7.8% | ||
| Q1 24 | 30.2% | 9.6% |
| Q4 25 | $0.33 | $0.30 | ||
| Q3 25 | $0.27 | $0.18 | ||
| Q2 25 | $0.28 | $0.16 | ||
| Q1 25 | $0.30 | $0.09 | ||
| Q4 24 | $0.33 | $0.27 | ||
| Q3 24 | $0.20 | $-5.33 | ||
| Q2 24 | $0.25 | $0.45 | ||
| Q1 24 | $0.30 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $2.1B |
| Total Assets | $13.2B | $2.4B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $839.3M | ||
| Q3 25 | $45.6M | $870.4M | ||
| Q2 25 | $323.3M | $899.6M | ||
| Q1 25 | $69.7M | $926.9M | ||
| Q4 24 | $199.4M | $930.2M | ||
| Q3 24 | $162.5M | $1.0B | ||
| Q2 24 | $718.4M | $1.1B | ||
| Q1 24 | $124.8M | $1.1B |
| 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 | $2.1B | ||
| Q3 25 | $7.2B | $2.1B | ||
| Q2 25 | $7.2B | $2.1B | ||
| Q1 25 | $7.2B | $2.1B | ||
| Q4 24 | $7.2B | $2.0B | ||
| Q3 24 | $7.0B | $2.1B | ||
| Q2 24 | $7.0B | $2.3B | ||
| Q1 24 | $7.0B | $2.3B |
| Q4 25 | $13.2B | $2.4B | ||
| Q3 25 | $13.3B | $2.4B | ||
| Q2 25 | $13.6B | $2.4B | ||
| Q1 25 | $13.3B | $2.3B | ||
| Q4 24 | $13.4B | $2.3B | ||
| Q3 24 | $12.8B | $2.4B | ||
| Q2 24 | $13.3B | $2.5B | ||
| Q1 24 | $12.8B | $2.6B |
| 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 | $28.8M |
| Free Cash FlowOCF − Capex | $823.7M | $10.9M |
| FCF MarginFCF / Revenue | 181.0% | 4.0% |
| Capex IntensityCapex / Revenue | 8.9% | 6.5% |
| Cash ConversionOCF / Net Profit | 5.99× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $28.8M | ||
| Q3 25 | $223.3M | $35.3M | ||
| Q2 25 | $271.9M | $-2.2M | ||
| Q1 25 | $223.4M | $13.4M | ||
| Q4 24 | $811.5M | $73.8M | ||
| Q3 24 | $233.6M | $66.1M | ||
| Q2 24 | $274.0M | $53.5M | ||
| Q1 24 | $201.8M | $54.6M |
| Q4 25 | $823.7M | $10.9M | ||
| Q3 25 | $214.5M | $14.6M | ||
| Q2 25 | $257.7M | $-17.6M | ||
| Q1 25 | $215.9M | $-11.4M | ||
| Q4 24 | $777.5M | $50.6M | ||
| Q3 24 | $225.3M | $43.0M | ||
| Q2 24 | $263.3M | $29.2M | ||
| Q1 24 | $191.0M | $26.5M |
| Q4 25 | 181.0% | 4.0% | ||
| Q3 25 | 44.8% | 5.8% | ||
| Q2 25 | 56.3% | -7.0% | ||
| Q1 25 | 47.0% | -5.0% | ||
| Q4 24 | 178.1% | 21.6% | ||
| Q3 24 | 50.6% | 18.4% | ||
| Q2 24 | 62.2% | 11.3% | ||
| Q1 24 | 45.1% | 10.5% |
| Q4 25 | 8.9% | 6.5% | ||
| Q3 25 | 1.8% | 8.3% | ||
| Q2 25 | 3.1% | 6.1% | ||
| Q1 25 | 1.6% | 10.9% | ||
| Q4 24 | 7.8% | 9.9% | ||
| Q3 24 | 1.9% | 9.9% | ||
| Q2 24 | 2.5% | 9.4% | ||
| Q1 24 | 2.6% | 11.1% |
| Q4 25 | 5.99× | 2.17× | ||
| Q3 25 | 1.91× | 4.73× | ||
| Q2 25 | 2.20× | -0.34× | ||
| Q1 25 | 1.74× | 3.58× | ||
| Q4 24 | 5.64× | 9.44× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | 2.65× | ||
| Q1 24 | 1.58× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
