vs
Side-by-side financial comparison of American Homes 4 Rent (AMH) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). 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 $335.6M, roughly 1.4× Natural Grocers by Vitamin Cottage, Inc.). American Homes 4 Rent runs the higher net margin — 31.7% vs 3.4%, a 28.3% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs 1.6%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'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.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
AMH vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $335.6M |
| Net Profit | $144.3M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | — | 4.4% |
| Net Margin | 31.7% | 3.4% |
| Revenue YoY | 4.2% | 1.6% |
| Net Profit YoY | 0.3% | 14.0% |
| EPS (diluted) | $0.33 | $0.49 |
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 | $335.6M | ||
| Q3 25 | $478.5M | $336.1M | ||
| Q2 25 | $457.5M | $328.7M | ||
| Q1 25 | $459.3M | $335.8M | ||
| Q4 24 | $436.6M | $330.2M | ||
| Q3 24 | $445.1M | $322.7M | ||
| Q2 24 | $423.5M | $309.1M | ||
| Q1 24 | $423.6M | $308.1M |
| Q4 25 | $144.3M | $11.3M | ||
| Q3 25 | $116.8M | $11.8M | ||
| Q2 25 | $123.6M | $11.6M | ||
| Q1 25 | $128.7M | $13.1M | ||
| Q4 24 | $143.9M | $9.9M | ||
| Q3 24 | $87.6M | $9.0M | ||
| Q2 24 | $108.5M | $9.2M | ||
| Q1 24 | $128.1M | $8.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 31.7% | 3.4% | ||
| Q3 25 | 24.4% | 3.5% | ||
| Q2 25 | 27.0% | 3.5% | ||
| Q1 25 | 28.0% | 3.9% | ||
| Q4 24 | 33.0% | 3.0% | ||
| Q3 24 | 19.7% | 2.8% | ||
| Q2 24 | 25.6% | 3.0% | ||
| Q1 24 | 30.2% | 2.6% |
| Q4 25 | $0.33 | $0.49 | ||
| Q3 25 | $0.27 | $0.51 | ||
| Q2 25 | $0.28 | $0.50 | ||
| Q1 25 | $0.30 | $0.56 | ||
| Q4 24 | $0.33 | $0.43 | ||
| Q3 24 | $0.20 | $0.38 | ||
| Q2 24 | $0.25 | $0.40 | ||
| Q1 24 | $0.30 | $0.35 |
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 | $23.2M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $220.0M |
| Total Assets | $13.2B | $668.6M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $23.2M | ||
| Q3 25 | $45.6M | $17.1M | ||
| Q2 25 | $323.3M | $13.2M | ||
| Q1 25 | $69.7M | $21.2M | ||
| Q4 24 | $199.4M | $6.3M | ||
| Q3 24 | $162.5M | $8.9M | ||
| Q2 24 | $718.4M | $13.9M | ||
| Q1 24 | $124.8M | $11.0M |
| 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 | $220.0M | ||
| Q3 25 | $7.2B | $212.4M | ||
| Q2 25 | $7.2B | $202.5M | ||
| Q1 25 | $7.2B | $193.0M | ||
| Q4 24 | $7.2B | $181.9M | ||
| Q3 24 | $7.0B | $174.3M | ||
| Q2 24 | $7.0B | $167.8M | ||
| Q1 24 | $7.0B | $160.0M |
| Q4 25 | $13.2B | $668.6M | ||
| Q3 25 | $13.3B | $670.5M | ||
| Q2 25 | $13.6B | $659.0M | ||
| Q1 25 | $13.3B | $664.6M | ||
| Q4 24 | $13.4B | $648.9M | ||
| Q3 24 | $12.8B | $655.5M | ||
| Q2 24 | $13.3B | $654.4M | ||
| Q1 24 | $12.8B | $656.6M |
| 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 | $21.1M |
| Free Cash FlowOCF − Capex | $823.7M | $11.6M |
| FCF MarginFCF / Revenue | 181.0% | 3.4% |
| Capex IntensityCapex / Revenue | 8.9% | 2.9% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $21.1M | ||
| Q3 25 | $223.3M | $15.6M | ||
| Q2 25 | $271.9M | $2.9M | ||
| Q1 25 | $223.4M | $34.1M | ||
| Q4 24 | $811.5M | $2.7M | ||
| Q3 24 | $233.6M | $24.5M | ||
| Q2 24 | $274.0M | $12.4M | ||
| Q1 24 | $201.8M | $20.2M |
| Q4 25 | $823.7M | $11.6M | ||
| Q3 25 | $214.5M | $7.5M | ||
| Q2 25 | $257.7M | $-4.2M | ||
| Q1 25 | $215.9M | $27.6M | ||
| Q4 24 | $777.5M | $-6.9M | ||
| Q3 24 | $225.3M | $18.0M | ||
| Q2 24 | $263.3M | $3.6M | ||
| Q1 24 | $191.0M | $9.8M |
| Q4 25 | 181.0% | 3.4% | ||
| Q3 25 | 44.8% | 2.2% | ||
| Q2 25 | 56.3% | -1.3% | ||
| Q1 25 | 47.0% | 8.2% | ||
| Q4 24 | 178.1% | -2.1% | ||
| Q3 24 | 50.6% | 5.6% | ||
| Q2 24 | 62.2% | 1.2% | ||
| Q1 24 | 45.1% | 3.2% |
| Q4 25 | 8.9% | 2.9% | ||
| Q3 25 | 1.8% | 2.4% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | 1.6% | 1.9% | ||
| Q4 24 | 7.8% | 2.9% | ||
| Q3 24 | 1.9% | 2.0% | ||
| Q2 24 | 2.5% | 2.9% | ||
| Q1 24 | 2.6% | 3.4% |
| Q4 25 | 5.99× | 1.86× | ||
| Q3 25 | 1.91× | 1.32× | ||
| Q2 25 | 2.20× | 0.25× | ||
| Q1 25 | 1.74× | 2.60× | ||
| Q4 24 | 5.64× | 0.27× | ||
| Q3 24 | 2.67× | 2.72× | ||
| Q2 24 | 2.52× | 1.35× | ||
| Q1 24 | 1.58× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
