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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $455.0M, roughly 3.0× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs -7.3%, a 39.0% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs 3.1%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
AMH vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $1.4B |
| Net Profit | $144.3M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | — | 2.5% |
| Net Margin | 31.7% | -7.3% |
| Revenue YoY | 4.2% | 3.1% |
| Net Profit YoY | 0.3% | 79.4% |
| EPS (diluted) | $0.33 | $-0.44 |
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 | — | ||
| Q3 25 | $478.5M | $1.4B | ||
| Q2 25 | $457.5M | $1.4B | ||
| Q1 25 | $459.3M | $1.3B | ||
| Q4 24 | $436.6M | $1.3B | ||
| Q3 24 | $445.1M | $1.3B | ||
| Q2 24 | $423.5M | $1.3B | ||
| Q1 24 | $423.6M | $1.3B |
| Q4 25 | $144.3M | — | ||
| Q3 25 | $116.8M | $-100.0M | ||
| Q2 25 | $123.6M | $-6.0M | ||
| Q1 25 | $128.7M | $0 | ||
| Q4 24 | $143.9M | $-71.0M | ||
| Q3 24 | $87.6M | $-485.0M | ||
| Q2 24 | $108.5M | $-68.0M | ||
| Q1 24 | $128.1M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | -38.6% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 24.4% | -7.3% | ||
| Q2 25 | 27.0% | -0.4% | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 33.0% | -5.3% | ||
| Q3 24 | 19.7% | -36.3% | ||
| Q2 24 | 25.6% | -5.1% | ||
| Q1 24 | 30.2% | -3.0% |
| Q4 25 | $0.33 | — | ||
| Q3 25 | $0.27 | $-0.44 | ||
| Q2 25 | $0.28 | $-0.03 | ||
| Q1 25 | $0.30 | $0.01 | ||
| Q4 24 | $0.33 | $-0.52 | ||
| Q3 24 | $0.20 | $-2.44 | ||
| Q2 24 | $0.25 | $-0.46 | ||
| Q1 24 | $0.30 | $-0.28 |
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 | — |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $8.4B |
| Total Assets | $13.2B | $19.2B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | — | ||
| Q3 25 | $45.6M | — | ||
| Q2 25 | $323.3M | — | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | $173.0M | ||
| Q3 24 | $162.5M | $409.0M | ||
| Q2 24 | $718.4M | $73.0M | ||
| Q1 24 | $124.8M | — |
| 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 | — | ||
| Q3 25 | $7.2B | $8.4B | ||
| Q2 25 | $7.2B | $8.6B | ||
| Q1 25 | $7.2B | $8.6B | ||
| Q4 24 | $7.2B | $8.6B | ||
| Q3 24 | $7.0B | $9.0B | ||
| Q2 24 | $7.0B | $4.9B | ||
| Q1 24 | $7.0B | $5.6B |
| Q4 25 | $13.2B | — | ||
| Q3 25 | $13.3B | $19.2B | ||
| Q2 25 | $13.6B | $19.4B | ||
| Q1 25 | $13.3B | $18.8B | ||
| Q4 24 | $13.4B | $18.7B | ||
| Q3 24 | $12.8B | $19.3B | ||
| Q2 24 | $13.3B | $18.8B | ||
| Q1 24 | $12.8B | — |
| 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 | $230.0M |
| Free Cash FlowOCF − Capex | $823.7M | $35.0M |
| FCF MarginFCF / Revenue | 181.0% | 2.5% |
| Capex IntensityCapex / Revenue | 8.9% | 14.2% |
| Cash ConversionOCF / Net Profit | 5.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | — | ||
| Q3 25 | $223.3M | $230.0M | ||
| Q2 25 | $271.9M | $258.0M | ||
| Q1 25 | $223.4M | $139.0M | ||
| Q4 24 | $811.5M | — | ||
| Q3 24 | $233.6M | $186.0M | ||
| Q2 24 | $274.0M | $155.0M | ||
| Q1 24 | $201.8M | $105.0M |
| Q4 25 | $823.7M | — | ||
| Q3 25 | $214.5M | $35.0M | ||
| Q2 25 | $257.7M | $95.0M | ||
| Q1 25 | $215.9M | $-12.0M | ||
| Q4 24 | $777.5M | — | ||
| Q3 24 | $225.3M | $33.0M | ||
| Q2 24 | $263.3M | $-31.0M | ||
| Q1 24 | $191.0M | $-42.0M |
| Q4 25 | 181.0% | — | ||
| Q3 25 | 44.8% | 2.5% | ||
| Q2 25 | 56.3% | 7.0% | ||
| Q1 25 | 47.0% | -0.9% | ||
| Q4 24 | 178.1% | — | ||
| Q3 24 | 50.6% | 2.5% | ||
| Q2 24 | 62.2% | -2.3% | ||
| Q1 24 | 45.1% | -3.2% |
| Q4 25 | 8.9% | — | ||
| Q3 25 | 1.8% | 14.2% | ||
| Q2 25 | 3.1% | 12.1% | ||
| Q1 25 | 1.6% | 11.7% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 1.9% | 11.5% | ||
| Q2 24 | 2.5% | 13.9% | ||
| Q1 24 | 2.6% | 11.1% |
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
