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Side-by-side financial comparison of American Homes 4 Rent (AMH) and PEGASYSTEMS INC (PEGA). 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 $430.0M, roughly 1.1× PEGASYSTEMS INC). American Homes 4 Rent runs the higher net margin — 31.7% vs 7.6%, a 24.1% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs -9.6%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $206.5M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
AMH vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $430.0M |
| Net Profit | $144.3M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | — | 8.6% |
| Net Margin | 31.7% | 7.6% |
| Revenue YoY | 4.2% | -9.6% |
| Net Profit YoY | 0.3% | — |
| EPS (diluted) | $0.33 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $455.0M | $504.3M | ||
| Q3 25 | $478.5M | $381.4M | ||
| Q2 25 | $457.5M | $384.5M | ||
| Q1 25 | $459.3M | $475.6M | ||
| Q4 24 | $436.6M | $490.8M | ||
| Q3 24 | $445.1M | $325.1M | ||
| Q2 24 | $423.5M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $144.3M | $234.6M | ||
| Q3 25 | $116.8M | $43.4M | ||
| Q2 25 | $123.6M | $30.1M | ||
| Q1 25 | $128.7M | $85.4M | ||
| Q4 24 | $143.9M | $119.1M | ||
| Q3 24 | $87.6M | $-14.4M | ||
| Q2 24 | $108.5M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | — | -3.6% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 31.7% | 46.5% | ||
| Q3 25 | 24.4% | 11.4% | ||
| Q2 25 | 27.0% | 7.8% | ||
| Q1 25 | 28.0% | 18.0% | ||
| Q4 24 | 33.0% | 24.3% | ||
| Q3 24 | 19.7% | -4.4% | ||
| Q2 24 | 25.6% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.33 | $0.81 | ||
| Q3 25 | $0.27 | $0.24 | ||
| Q2 25 | $0.28 | $0.17 | ||
| Q1 25 | $0.30 | $0.91 | ||
| Q4 24 | $0.33 | $1.35 | ||
| Q3 24 | $0.20 | $-0.17 | ||
| Q2 24 | $0.25 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $705.9M |
| Total Assets | $13.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $108.5M | $425.8M | ||
| Q3 25 | $45.6M | $351.4M | ||
| Q2 25 | $323.3M | $411.6M | ||
| Q1 25 | $69.7M | $371.7M | ||
| Q4 24 | $199.4M | $740.0M | ||
| Q3 24 | $162.5M | $703.0M | ||
| Q2 24 | $718.4M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $7.0B | $787.4M | ||
| Q3 25 | $7.2B | $596.8M | ||
| Q2 25 | $7.2B | $624.5M | ||
| Q1 25 | $7.2B | $611.3M | ||
| Q4 24 | $7.2B | $585.5M | ||
| Q3 24 | $7.0B | $473.0M | ||
| Q2 24 | $7.0B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $13.2B | $1.6B | ||
| Q3 25 | $13.3B | $1.3B | ||
| Q2 25 | $13.6B | $1.3B | ||
| Q1 25 | $13.3B | $1.3B | ||
| Q4 24 | $13.4B | $1.8B | ||
| Q3 24 | $12.8B | $1.6B | ||
| Q2 24 | $13.3B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $823.7M | $206.5M |
| FCF MarginFCF / Revenue | 181.0% | 48.0% |
| Capex IntensityCapex / Revenue | 8.9% | — |
| Cash ConversionOCF / Net Profit | 5.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $864.3M | $158.4M | ||
| Q3 25 | $223.3M | $56.3M | ||
| Q2 25 | $271.9M | $86.3M | ||
| Q1 25 | $223.4M | $204.2M | ||
| Q4 24 | $811.5M | $95.2M | ||
| Q3 24 | $233.6M | $30.5M | ||
| Q2 24 | $274.0M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $823.7M | $152.4M | ||
| Q3 25 | $214.5M | $51.8M | ||
| Q2 25 | $257.7M | $84.1M | ||
| Q1 25 | $215.9M | $202.3M | ||
| Q4 24 | $777.5M | $92.4M | ||
| Q3 24 | $225.3M | $27.4M | ||
| Q2 24 | $263.3M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 181.0% | 30.2% | ||
| Q3 25 | 44.8% | 13.6% | ||
| Q2 25 | 56.3% | 21.9% | ||
| Q1 25 | 47.0% | 42.5% | ||
| Q4 24 | 178.1% | 18.8% | ||
| Q3 24 | 50.6% | 8.4% | ||
| Q2 24 | 62.2% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 1.2% | ||
| Q3 25 | 1.8% | 1.2% | ||
| Q2 25 | 3.1% | 0.6% | ||
| Q1 25 | 1.6% | 0.4% | ||
| Q4 24 | 7.8% | 0.6% | ||
| Q3 24 | 1.9% | 0.9% | ||
| Q2 24 | 2.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.99× | 0.68× | ||
| Q3 25 | 1.91× | 1.30× | ||
| Q2 25 | 2.20× | 2.87× | ||
| Q1 25 | 1.74× | 2.39× | ||
| Q4 24 | 5.64× | 0.80× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
