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Side-by-side financial comparison of American Homes 4 Rent (AMH) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $455.0M, roughly 1.9× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs 4.1%, a 27.6% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $83.0M). Over the past eight quarters, RH's revenue compounded faster (9.4% 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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
AMH vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $883.8M |
| Net Profit | $144.3M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | — | 12.0% |
| Net Margin | 31.7% | 4.1% |
| Revenue YoY | 4.2% | 8.9% |
| Net Profit YoY | 0.3% | 9.3% |
| EPS (diluted) | $0.33 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $478.5M | $899.2M | ||
| Q2 25 | $457.5M | $814.0M | ||
| Q1 25 | $459.3M | $812.4M | ||
| Q4 24 | $436.6M | $811.7M | ||
| Q3 24 | $445.1M | $829.7M | ||
| Q2 24 | $423.5M | $727.0M | ||
| Q1 24 | $423.6M | $738.3M |
| Q4 25 | $144.3M | $36.3M | ||
| Q3 25 | $116.8M | $51.7M | ||
| Q2 25 | $123.6M | $8.0M | ||
| Q1 25 | $128.7M | $13.9M | ||
| Q4 24 | $143.9M | $33.2M | ||
| Q3 24 | $87.6M | $29.0M | ||
| Q2 24 | $108.5M | $-3.6M | ||
| Q1 24 | $128.1M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | — | 8.7% |
| Q4 25 | 31.7% | 4.1% | ||
| Q3 25 | 24.4% | 5.8% | ||
| Q2 25 | 27.0% | 1.0% | ||
| Q1 25 | 28.0% | 1.7% | ||
| Q4 24 | 33.0% | 4.1% | ||
| Q3 24 | 19.7% | 3.5% | ||
| Q2 24 | 25.6% | -0.5% | ||
| Q1 24 | 30.2% | 1.5% |
| Q4 25 | $0.33 | $1.83 | ||
| Q3 25 | $0.27 | $2.62 | ||
| Q2 25 | $0.28 | $0.40 | ||
| Q1 25 | $0.30 | $0.71 | ||
| Q4 24 | $0.33 | $1.66 | ||
| Q3 24 | $0.20 | $1.45 | ||
| Q2 24 | $0.25 | $-0.20 | ||
| Q1 24 | $0.30 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $3.3M |
| Total Assets | $13.2B | $4.8B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $43.1M | ||
| Q3 25 | $45.6M | $34.6M | ||
| Q2 25 | $323.3M | $46.1M | ||
| Q1 25 | $69.7M | $30.4M | ||
| Q4 24 | $199.4M | $87.0M | ||
| Q3 24 | $162.5M | $78.3M | ||
| Q2 24 | $718.4M | $101.8M | ||
| Q1 24 | $124.8M | $123.7M |
| 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 | $3.3M | ||
| Q3 25 | $7.2B | $-40.9M | ||
| Q2 25 | $7.2B | $-110.8M | ||
| Q1 25 | $7.2B | $-163.6M | ||
| Q4 24 | $7.2B | $-183.0M | ||
| Q3 24 | $7.0B | $-234.7M | ||
| Q2 24 | $7.0B | $-289.9M | ||
| Q1 24 | $7.0B | $-297.4M |
| Q4 25 | $13.2B | $4.8B | ||
| Q3 25 | $13.3B | $4.7B | ||
| Q2 25 | $13.6B | $4.7B | ||
| Q1 25 | $13.3B | $4.6B | ||
| Q4 24 | $13.4B | $4.5B | ||
| Q3 24 | $12.8B | $4.4B | ||
| Q2 24 | $13.3B | $4.2B | ||
| Q1 24 | $12.8B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | $823.7M | $83.0M |
| FCF MarginFCF / Revenue | 181.0% | 9.4% |
| Capex IntensityCapex / Revenue | 8.9% | 5.5% |
| Cash ConversionOCF / Net Profit | 5.99× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $131.9M | ||
| Q3 25 | $223.3M | $137.7M | ||
| Q2 25 | $271.9M | $86.6M | ||
| Q1 25 | $223.4M | $-18.8M | ||
| Q4 24 | $811.5M | $-31.4M | ||
| Q3 24 | $233.6M | $11.2M | ||
| Q2 24 | $274.0M | $56.1M | ||
| Q1 24 | $201.8M | $-114.0M |
| Q4 25 | $823.7M | $83.0M | ||
| Q3 25 | $214.5M | $80.7M | ||
| Q2 25 | $257.7M | $34.1M | ||
| Q1 25 | $215.9M | $-69.7M | ||
| Q4 24 | $777.5M | $-96.0M | ||
| Q3 24 | $225.3M | $-37.9M | ||
| Q2 24 | $263.3M | $-10.1M | ||
| Q1 24 | $191.0M | $-251.5M |
| Q4 25 | 181.0% | 9.4% | ||
| Q3 25 | 44.8% | 9.0% | ||
| Q2 25 | 56.3% | 4.2% | ||
| Q1 25 | 47.0% | -8.6% | ||
| Q4 24 | 178.1% | -11.8% | ||
| Q3 24 | 50.6% | -4.6% | ||
| Q2 24 | 62.2% | -1.4% | ||
| Q1 24 | 45.1% | -34.1% |
| Q4 25 | 8.9% | 5.5% | ||
| Q3 25 | 1.8% | 6.3% | ||
| Q2 25 | 3.1% | 6.5% | ||
| Q1 25 | 1.6% | 6.3% | ||
| Q4 24 | 7.8% | 8.0% | ||
| Q3 24 | 1.9% | 5.9% | ||
| Q2 24 | 2.5% | 9.1% | ||
| Q1 24 | 2.6% | 18.6% |
| Q4 25 | 5.99× | 3.64× | ||
| Q3 25 | 1.91× | 2.66× | ||
| Q2 25 | 2.20× | 10.78× | ||
| Q1 25 | 1.74× | -1.35× | ||
| Q4 24 | 5.64× | -0.95× | ||
| Q3 24 | 2.67× | 0.39× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
