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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Madison Square Garden Entertainment Corp. (MSGE). 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 $424.8M, roughly 1.1× Madison Square Garden Entertainment Corp.). American Homes 4 Rent runs the higher net margin — 31.7% vs 21.8%, a 9.9% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 4.2%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% 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.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
AMH vs MSGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $424.8M |
| Net Profit | $144.3M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | — | 38.6% |
| Net Margin | 31.7% | 21.8% |
| Revenue YoY | 4.2% | 12.5% |
| Net Profit YoY | 0.3% | 22.2% |
| EPS (diluted) | $0.33 | $1.94 |
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 | $424.8M | ||
| Q3 25 | $478.5M | $154.1M | ||
| Q2 25 | $457.5M | $145.1M | ||
| Q1 25 | $459.3M | $206.0M | ||
| Q4 24 | $436.6M | $377.6M | ||
| Q3 24 | $445.1M | $134.1M | ||
| Q2 24 | $423.5M | $177.6M | ||
| Q1 24 | $423.6M | $191.6M |
| Q4 25 | $144.3M | $92.7M | ||
| Q3 25 | $116.8M | $-21.7M | ||
| Q2 25 | $123.6M | $-27.2M | ||
| Q1 25 | $128.7M | $8.0M | ||
| Q4 24 | $143.9M | $75.9M | ||
| Q3 24 | $87.6M | $-19.3M | ||
| Q2 24 | $108.5M | $66.9M | ||
| Q1 24 | $128.1M | $2.8M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | -19.3% | ||
| Q2 25 | — | -17.7% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 36.8% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 8.8% |
| Q4 25 | 31.7% | 21.8% | ||
| Q3 25 | 24.4% | -14.0% | ||
| Q2 25 | 27.0% | -18.7% | ||
| Q1 25 | 28.0% | 3.9% | ||
| Q4 24 | 33.0% | 20.1% | ||
| Q3 24 | 19.7% | -14.4% | ||
| Q2 24 | 25.6% | 37.7% | ||
| Q1 24 | 30.2% | 1.5% |
| Q4 25 | $0.33 | $1.94 | ||
| Q3 25 | $0.27 | $-0.46 | ||
| Q2 25 | $0.28 | $-0.56 | ||
| Q1 25 | $0.30 | $0.17 | ||
| Q4 24 | $0.33 | $1.56 | ||
| Q3 24 | $0.20 | $-0.40 | ||
| Q2 24 | $0.25 | $1.32 | ||
| Q1 24 | $0.30 | $0.06 |
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 | $157.1M |
| Total DebtLower is stronger | $5.1B | $554.6M |
| Stockholders' EquityBook value | $7.0B | $36.0M |
| Total Assets | $13.2B | $1.8B |
| Debt / EquityLower = less leverage | 0.72× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $157.1M | ||
| Q3 25 | $45.6M | $29.9M | ||
| Q2 25 | $323.3M | $43.0M | ||
| Q1 25 | $69.7M | $89.0M | ||
| Q4 24 | $199.4M | $54.9M | ||
| Q3 24 | $162.5M | $37.3M | ||
| Q2 24 | $718.4M | $33.3M | ||
| Q1 24 | $124.8M | $28.0M |
| Q4 25 | $5.1B | $554.6M | ||
| Q3 25 | $4.8B | $581.7M | ||
| Q2 25 | $5.2B | $568.8M | ||
| Q1 25 | $4.9B | $577.4M | ||
| Q4 24 | $5.0B | $584.7M | ||
| Q3 24 | $4.5B | $647.0M | ||
| Q2 24 | $5.0B | $599.2M | ||
| Q1 24 | $4.5B | $602.5M |
| Q4 25 | $7.0B | $36.0M | ||
| Q3 25 | $7.2B | $-65.8M | ||
| Q2 25 | $7.2B | $-13.3M | ||
| Q1 25 | $7.2B | $9.5M | ||
| Q4 24 | $7.2B | $10.3M | ||
| Q3 24 | $7.0B | $-48.7M | ||
| Q2 24 | $7.0B | $-23.2M | ||
| Q1 24 | $7.0B | $-94.6M |
| Q4 25 | $13.2B | $1.8B | ||
| Q3 25 | $13.3B | $1.7B | ||
| Q2 25 | $13.6B | $1.7B | ||
| Q1 25 | $13.3B | $1.7B | ||
| Q4 24 | $13.4B | $1.6B | ||
| Q3 24 | $12.8B | $1.6B | ||
| Q2 24 | $13.3B | $1.6B | ||
| Q1 24 | $12.8B | $1.5B |
| Q4 25 | 0.72× | 15.40× | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | 60.61× | ||
| Q4 24 | 0.70× | 56.61× | ||
| 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 | $164.4M |
| Free Cash FlowOCF − Capex | $823.7M | — |
| FCF MarginFCF / Revenue | 181.0% | — |
| Capex IntensityCapex / Revenue | 8.9% | — |
| Cash ConversionOCF / Net Profit | 5.99× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $164.4M | ||
| Q3 25 | $223.3M | $19.8M | ||
| Q2 25 | $271.9M | $-27.0M | ||
| Q1 25 | $223.4M | $56.8M | ||
| Q4 24 | $811.5M | $112.9M | ||
| Q3 24 | $233.6M | $-27.4M | ||
| Q2 24 | $274.0M | $212.0K | ||
| Q1 24 | $201.8M | $5.8M |
| Q4 25 | $823.7M | — | ||
| Q3 25 | $214.5M | — | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | — | ||
| Q3 24 | $225.3M | — | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $191.0M | — |
| Q4 25 | 181.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | — | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 62.2% | — | ||
| Q1 24 | 45.1% | — |
| Q4 25 | 8.9% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 5.99× | 1.77× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | 7.07× | ||
| Q4 24 | 5.64× | 1.49× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | 0.00× | ||
| Q1 24 | 1.58× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
