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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 1.7× Smith Douglas Homes Corp.). American Homes 4 Rent runs the higher net margin — 31.7% vs 1.4%, a 30.4% gap on every dollar of revenue. On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs -9.4%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
AMH vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $260.4M |
| Net Profit | $144.3M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | — | 6.5% |
| Net Margin | 31.7% | 1.4% |
| Revenue YoY | 4.2% | -9.4% |
| Net Profit YoY | 0.3% | -14.3% |
| EPS (diluted) | $0.33 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $478.5M | $262.0M | ||
| Q2 25 | $457.5M | $223.9M | ||
| Q1 25 | $459.3M | $224.7M | ||
| Q4 24 | $436.6M | $287.5M | ||
| Q3 24 | $445.1M | $277.8M | ||
| Q2 24 | $423.5M | $220.9M | ||
| Q1 24 | $423.6M | $189.2M |
| Q4 25 | $144.3M | $3.5M | ||
| Q3 25 | $116.8M | $2.1M | ||
| Q2 25 | $123.6M | $2.4M | ||
| Q1 25 | $128.7M | $2.7M | ||
| Q4 24 | $143.9M | $4.1M | ||
| Q3 24 | $87.6M | $5.3M | ||
| Q2 24 | $108.5M | $3.6M | ||
| Q1 24 | $128.1M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | 31.7% | 1.4% | ||
| Q3 25 | 24.4% | 0.8% | ||
| Q2 25 | 27.0% | 1.1% | ||
| Q1 25 | 28.0% | 1.2% | ||
| Q4 24 | 33.0% | 1.4% | ||
| Q3 24 | 19.7% | 1.9% | ||
| Q2 24 | 25.6% | 1.7% | ||
| Q1 24 | 30.2% | 1.6% |
| Q4 25 | $0.33 | $0.39 | ||
| Q3 25 | $0.27 | $0.24 | ||
| Q2 25 | $0.28 | $0.26 | ||
| Q1 25 | $0.30 | $0.30 | ||
| Q4 24 | $0.33 | $0.50 | ||
| Q3 24 | $0.20 | $0.58 | ||
| Q2 24 | $0.25 | $0.40 | ||
| Q1 24 | $0.30 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $86.7M |
| Total Assets | $13.2B | $557.6M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $12.7M | ||
| Q3 25 | $45.6M | $14.8M | ||
| Q2 25 | $323.3M | $16.8M | ||
| Q1 25 | $69.7M | $12.7M | ||
| Q4 24 | $199.4M | $22.4M | ||
| Q3 24 | $162.5M | $23.7M | ||
| Q2 24 | $718.4M | $17.3M | ||
| Q1 24 | $124.8M | $32.8M |
| 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 | $86.7M | ||
| Q3 25 | $7.2B | $82.2M | ||
| Q2 25 | $7.2B | $80.0M | ||
| Q1 25 | $7.2B | $76.9M | ||
| Q4 24 | $7.2B | $73.6M | ||
| Q3 24 | $7.0B | $68.4M | ||
| Q2 24 | $7.0B | $62.1M | ||
| Q1 24 | $7.0B | $59.7M |
| Q4 25 | $13.2B | $557.6M | ||
| Q3 25 | $13.3B | $571.6M | ||
| Q2 25 | $13.6B | $570.2M | ||
| Q1 25 | $13.3B | $513.9M | ||
| Q4 24 | $13.4B | $475.9M | ||
| Q3 24 | $12.8B | $460.1M | ||
| Q2 24 | $13.3B | $429.3M | ||
| Q1 24 | $12.8B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $823.7M | $8.7M |
| FCF MarginFCF / Revenue | 181.0% | 3.4% |
| Capex IntensityCapex / Revenue | 8.9% | 0.4% |
| Cash ConversionOCF / Net Profit | 5.99× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $9.8M | ||
| Q3 25 | $223.3M | $22.8M | ||
| Q2 25 | $271.9M | $-28.9M | ||
| Q1 25 | $223.4M | $-34.9M | ||
| Q4 24 | $811.5M | $5.5M | ||
| Q3 24 | $233.6M | $22.9M | ||
| Q2 24 | $274.0M | $39.0K | ||
| Q1 24 | $201.8M | $-9.3M |
| Q4 25 | $823.7M | $8.7M | ||
| Q3 25 | $214.5M | $21.4M | ||
| Q2 25 | $257.7M | $-31.1M | ||
| Q1 25 | $215.9M | $-35.9M | ||
| Q4 24 | $777.5M | $4.8M | ||
| Q3 24 | $225.3M | $22.3M | ||
| Q2 24 | $263.3M | $-2.1M | ||
| Q1 24 | $191.0M | $-9.7M |
| Q4 25 | 181.0% | 3.4% | ||
| Q3 25 | 44.8% | 8.2% | ||
| Q2 25 | 56.3% | -13.9% | ||
| Q1 25 | 47.0% | -16.0% | ||
| Q4 24 | 178.1% | 1.7% | ||
| Q3 24 | 50.6% | 8.0% | ||
| Q2 24 | 62.2% | -1.0% | ||
| Q1 24 | 45.1% | -5.1% |
| Q4 25 | 8.9% | 0.4% | ||
| Q3 25 | 1.8% | 0.5% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 1.6% | 0.5% | ||
| Q4 24 | 7.8% | 0.2% | ||
| Q3 24 | 1.9% | 0.2% | ||
| Q2 24 | 2.5% | 1.0% | ||
| Q1 24 | 2.6% | 0.2% |
| Q4 25 | 5.99× | 2.77× | ||
| Q3 25 | 1.91× | 10.70× | ||
| Q2 25 | 2.20× | -12.24× | ||
| Q1 25 | 1.74× | -13.01× | ||
| Q4 24 | 5.64× | 1.33× | ||
| Q3 24 | 2.67× | 4.28× | ||
| Q2 24 | 2.52× | 0.01× | ||
| Q1 24 | 1.58× | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
