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Side-by-side financial comparison of American Homes 4 Rent (AMH) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). 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 $321.1M, roughly 1.4× MADRIGAL PHARMACEUTICALS, INC.). American Homes 4 Rent runs the higher net margin — 31.7% vs -18.2%, a 49.9% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $-133.8M).

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.

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

AMH vs MDGL — Head-to-Head

Bigger by revenue
AMH
AMH
1.4× larger
AMH
$455.0M
$321.1M
MDGL
Growing faster (revenue YoY)
MDGL
MDGL
+206.6% gap
MDGL
210.8%
4.2%
AMH
Higher net margin
AMH
AMH
49.9% more per $
AMH
31.7%
-18.2%
MDGL
More free cash flow
AMH
AMH
$957.5M more FCF
AMH
$823.7M
$-133.8M
MDGL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMH
AMH
MDGL
MDGL
Revenue
$455.0M
$321.1M
Net Profit
$144.3M
$-58.6M
Gross Margin
Operating Margin
-18.6%
Net Margin
31.7%
-18.2%
Revenue YoY
4.2%
210.8%
Net Profit YoY
0.3%
1.4%
EPS (diluted)
$0.33
$-2.55

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.

Revenue
AMH
AMH
MDGL
MDGL
Q4 25
$455.0M
$321.1M
Q3 25
$478.5M
$287.3M
Q2 25
$457.5M
$212.8M
Q1 25
$459.3M
$137.3M
Q4 24
$436.6M
$103.3M
Q3 24
$445.1M
$62.2M
Q2 24
$423.5M
Q1 24
$423.6M
$0
Net Profit
AMH
AMH
MDGL
MDGL
Q4 25
$144.3M
$-58.6M
Q3 25
$116.8M
$-114.2M
Q2 25
$123.6M
$-42.3M
Q1 25
$128.7M
$-73.2M
Q4 24
$143.9M
$-59.4M
Q3 24
$87.6M
$-107.0M
Q2 24
$108.5M
Q1 24
$128.1M
$-147.5M
Gross Margin
AMH
AMH
MDGL
MDGL
Q4 25
Q3 25
Q2 25
Q1 25
96.7%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AMH
AMH
MDGL
MDGL
Q4 25
-18.6%
Q3 25
-39.7%
Q2 25
-22.2%
Q1 25
-57.8%
Q4 24
-64.8%
Q3 24
-187.1%
Q2 24
Q1 24
Net Margin
AMH
AMH
MDGL
MDGL
Q4 25
31.7%
-18.2%
Q3 25
24.4%
-39.8%
Q2 25
27.0%
-19.9%
Q1 25
28.0%
-53.4%
Q4 24
33.0%
-57.5%
Q3 24
19.7%
-172.0%
Q2 24
25.6%
Q1 24
30.2%
EPS (diluted)
AMH
AMH
MDGL
MDGL
Q4 25
$0.33
$-2.55
Q3 25
$0.27
$-5.08
Q2 25
$0.28
$-1.90
Q1 25
$0.30
$-3.32
Q4 24
$0.33
$-2.50
Q3 24
$0.20
$-4.92
Q2 24
$0.25
Q1 24
$0.30
$-7.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMH
AMH
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$108.5M
$198.7M
Total DebtLower is stronger
$5.1B
$339.9M
Stockholders' EquityBook value
$7.0B
$602.7M
Total Assets
$13.2B
$1.3B
Debt / EquityLower = less leverage
0.72×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMH
AMH
MDGL
MDGL
Q4 25
$108.5M
$198.7M
Q3 25
$45.6M
$295.7M
Q2 25
$323.3M
$186.2M
Q1 25
$69.7M
$183.6M
Q4 24
$199.4M
$100.0M
Q3 24
$162.5M
$232.7M
Q2 24
$718.4M
Q1 24
$124.8M
$622.5M
Total Debt
AMH
AMH
MDGL
MDGL
Q4 25
$5.1B
$339.9M
Q3 25
$4.8B
$339.8M
Q2 25
$5.2B
$118.4M
Q1 25
$4.9B
$118.0M
Q4 24
$5.0B
$117.6M
Q3 24
$4.5B
$117.1M
Q2 24
$5.0B
Q1 24
$4.5B
$116.1M
Stockholders' Equity
AMH
AMH
MDGL
MDGL
Q4 25
$7.0B
$602.7M
Q3 25
$7.2B
$625.7M
Q2 25
$7.2B
$696.0M
Q1 25
$7.2B
$710.6M
Q4 24
$7.2B
$754.4M
Q3 24
$7.0B
$777.2M
Q2 24
$7.0B
Q1 24
$7.0B
$850.8M
Total Assets
AMH
AMH
MDGL
MDGL
Q4 25
$13.2B
$1.3B
Q3 25
$13.3B
$1.4B
Q2 25
$13.6B
$1.0B
Q1 25
$13.3B
$996.6M
Q4 24
$13.4B
$1.0B
Q3 24
$12.8B
$1.1B
Q2 24
$13.3B
Q1 24
$12.8B
$1.1B
Debt / Equity
AMH
AMH
MDGL
MDGL
Q4 25
0.72×
0.56×
Q3 25
0.68×
0.54×
Q2 25
0.72×
0.17×
Q1 25
0.69×
0.17×
Q4 24
0.70×
0.16×
Q3 24
0.64×
0.15×
Q2 24
0.71×
Q1 24
0.64×
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMH
AMH
MDGL
MDGL
Operating Cash FlowLast quarter
$864.3M
$-133.5M
Free Cash FlowOCF − Capex
$823.7M
$-133.8M
FCF MarginFCF / Revenue
181.0%
-41.7%
Capex IntensityCapex / Revenue
8.9%
0.1%
Cash ConversionOCF / Net Profit
5.99×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMH
AMH
MDGL
MDGL
Q4 25
$864.3M
$-133.5M
Q3 25
$223.3M
$79.8M
Q2 25
$271.9M
$-47.1M
Q1 25
$223.4M
$-88.9M
Q4 24
$811.5M
$-104.5M
Q3 24
$233.6M
$-67.0M
Q2 24
$274.0M
Q1 24
$201.8M
$-149.2M
Free Cash Flow
AMH
AMH
MDGL
MDGL
Q4 25
$823.7M
$-133.8M
Q3 25
$214.5M
$79.0M
Q2 25
$257.7M
Q1 25
$215.9M
Q4 24
$777.5M
$-104.7M
Q3 24
$225.3M
$-67.8M
Q2 24
$263.3M
Q1 24
$191.0M
$-149.5M
FCF Margin
AMH
AMH
MDGL
MDGL
Q4 25
181.0%
-41.7%
Q3 25
44.8%
27.5%
Q2 25
56.3%
Q1 25
47.0%
Q4 24
178.1%
-101.3%
Q3 24
50.6%
-109.0%
Q2 24
62.2%
Q1 24
45.1%
Capex Intensity
AMH
AMH
MDGL
MDGL
Q4 25
8.9%
0.1%
Q3 25
1.8%
0.3%
Q2 25
3.1%
0.0%
Q1 25
1.6%
0.0%
Q4 24
7.8%
0.2%
Q3 24
1.9%
1.3%
Q2 24
2.5%
Q1 24
2.6%
Cash Conversion
AMH
AMH
MDGL
MDGL
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
AMH

Segment breakdown not available.

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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