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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Royalty Pharma plc is the larger business by last-quarter revenue ($622.0M vs $455.0M, roughly 1.4× American Homes 4 Rent). Royalty Pharma plc runs the higher net margin — 34.4% vs 31.7%, a 2.7% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 4.2%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% CAGR vs 3.6%).

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.

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

AMH vs RPRX — Head-to-Head

Bigger by revenue
RPRX
RPRX
1.4× larger
RPRX
$622.0M
$455.0M
AMH
Growing faster (revenue YoY)
RPRX
RPRX
+0.6% gap
RPRX
4.8%
4.2%
AMH
Higher net margin
RPRX
RPRX
2.7% more per $
RPRX
34.4%
31.7%
AMH
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
3.6%
AMH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMH
AMH
RPRX
RPRX
Revenue
$455.0M
$622.0M
Net Profit
$144.3M
$214.2M
Gross Margin
Operating Margin
62.4%
Net Margin
31.7%
34.4%
Revenue YoY
4.2%
4.8%
Net Profit YoY
0.3%
2.9%
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.

Revenue
AMH
AMH
RPRX
RPRX
Q4 25
$455.0M
$622.0M
Q3 25
$478.5M
$609.3M
Q2 25
$457.5M
$578.7M
Q1 25
$459.3M
$568.2M
Q4 24
$436.6M
$593.6M
Q3 24
$445.1M
$564.7M
Q2 24
$423.5M
$537.3M
Q1 24
$423.6M
$568.0M
Net Profit
AMH
AMH
RPRX
RPRX
Q4 25
$144.3M
$214.2M
Q3 25
$116.8M
$288.2M
Q2 25
$123.6M
$30.2M
Q1 25
$128.7M
$238.3M
Q4 24
$143.9M
$208.2M
Q3 24
$87.6M
$544.0M
Q2 24
$108.5M
$102.0M
Q1 24
$128.1M
$4.8M
Operating Margin
AMH
AMH
RPRX
RPRX
Q4 25
62.4%
Q3 25
70.1%
Q2 25
36.3%
Q1 25
94.0%
Q4 24
60.9%
Q3 24
Q2 24
50.2%
Q1 24
-13.0%
Net Margin
AMH
AMH
RPRX
RPRX
Q4 25
31.7%
34.4%
Q3 25
24.4%
47.3%
Q2 25
27.0%
5.2%
Q1 25
28.0%
41.9%
Q4 24
33.0%
35.1%
Q3 24
19.7%
96.3%
Q2 24
25.6%
19.0%
Q1 24
30.2%
0.8%
EPS (diluted)
AMH
AMH
RPRX
RPRX
Q4 25
$0.33
$0.49
Q3 25
$0.27
$0.67
Q2 25
$0.28
$0.07
Q1 25
$0.30
$0.55
Q4 24
$0.33
$0.46
Q3 24
$0.20
$1.21
Q2 24
$0.25
$0.23
Q1 24
$0.30
$0.01

Balance Sheet & Financial Strength

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

Metric
AMH
AMH
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$108.5M
$618.7M
Total DebtLower is stronger
$5.1B
$9.0B
Stockholders' EquityBook value
$7.0B
$9.7B
Total Assets
$13.2B
$19.6B
Debt / EquityLower = less leverage
0.72×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMH
AMH
RPRX
RPRX
Q4 25
$108.5M
$618.7M
Q3 25
$45.6M
$938.9M
Q2 25
$323.3M
$631.9M
Q1 25
$69.7M
$1.1B
Q4 24
$199.4M
$929.0M
Q3 24
$162.5M
$950.1M
Q2 24
$718.4M
$1.8B
Q1 24
$124.8M
$843.0M
Total Debt
AMH
AMH
RPRX
RPRX
Q4 25
$5.1B
$9.0B
Q3 25
$4.8B
$8.9B
Q2 25
$5.2B
$8.0B
Q1 25
$4.9B
$7.6B
Q4 24
$5.0B
$7.6B
Q3 24
$4.5B
$7.6B
Q2 24
$5.0B
$7.6B
Q1 24
$4.5B
$6.1B
Stockholders' Equity
AMH
AMH
RPRX
RPRX
Q4 25
$7.0B
$9.7B
Q3 25
$7.2B
$9.6B
Q2 25
$7.2B
$9.5B
Q1 25
$7.2B
$9.8B
Q4 24
$7.2B
$10.3B
Q3 24
$7.0B
$10.3B
Q2 24
$7.0B
$9.8B
Q1 24
$7.0B
$9.9B
Total Assets
AMH
AMH
RPRX
RPRX
Q4 25
$13.2B
$19.6B
Q3 25
$13.3B
$19.3B
Q2 25
$13.6B
$18.3B
Q1 25
$13.3B
$17.6B
Q4 24
$13.4B
$18.2B
Q3 24
$12.8B
$18.0B
Q2 24
$13.3B
$17.7B
Q1 24
$12.8B
$16.1B
Debt / Equity
AMH
AMH
RPRX
RPRX
Q4 25
0.72×
0.92×
Q3 25
0.68×
0.93×
Q2 25
0.72×
0.84×
Q1 25
0.69×
0.78×
Q4 24
0.70×
0.74×
Q3 24
0.64×
0.74×
Q2 24
0.71×
0.78×
Q1 24
0.64×
0.62×

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
RPRX
RPRX
Operating Cash FlowLast quarter
$864.3M
$827.1M
Free Cash FlowOCF − Capex
$823.7M
FCF MarginFCF / Revenue
181.0%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
5.99×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMH
AMH
RPRX
RPRX
Q4 25
$864.3M
$827.1M
Q3 25
$223.3M
$702.6M
Q2 25
$271.9M
$364.0M
Q1 25
$223.4M
$596.1M
Q4 24
$811.5M
$742.5M
Q3 24
$233.6M
$703.6M
Q2 24
$274.0M
$658.2M
Q1 24
$201.8M
$664.6M
Free Cash Flow
AMH
AMH
RPRX
RPRX
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
FCF Margin
AMH
AMH
RPRX
RPRX
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%
Capex Intensity
AMH
AMH
RPRX
RPRX
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%
Cash Conversion
AMH
AMH
RPRX
RPRX
Q4 25
5.99×
3.86×
Q3 25
1.91×
2.44×
Q2 25
2.20×
12.06×
Q1 25
1.74×
2.50×
Q4 24
5.64×
3.57×
Q3 24
2.67×
1.29×
Q2 24
2.52×
6.45×
Q1 24
1.58×
139.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMH
AMH

Segment breakdown not available.

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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