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Side-by-side financial comparison of American Homes 4 Rent (AMH) and Shake Shack Inc. (SHAK). 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 $366.7M, roughly 1.2× Shake Shack Inc.). American Homes 4 Rent runs the higher net margin — 31.7% vs -0.1%, a 31.8% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs 4.2%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% 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.
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
AMH vs SHAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $366.7M |
| Net Profit | $144.3M | $-294.0K |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 31.7% | -0.1% |
| Revenue YoY | 4.2% | 14.3% |
| Net Profit YoY | 0.3% | — |
| EPS (diluted) | $0.33 | $-0.01 |
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 | — | $366.7M | ||
| Q4 25 | $455.0M | $400.5M | ||
| Q3 25 | $478.5M | $367.4M | ||
| Q2 25 | $457.5M | $356.5M | ||
| Q1 25 | $459.3M | $320.9M | ||
| Q4 24 | $436.6M | $328.7M | ||
| Q3 24 | $445.1M | $316.9M | ||
| Q2 24 | $423.5M | $316.5M |
| Q1 26 | — | $-294.0K | ||
| Q4 25 | $144.3M | $11.8M | ||
| Q3 25 | $116.8M | $12.5M | ||
| Q2 25 | $123.6M | $17.1M | ||
| Q1 25 | $128.7M | $4.2M | ||
| Q4 24 | $143.9M | $8.7M | ||
| Q3 24 | $87.6M | $-10.2M | ||
| Q2 24 | $108.5M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -5.7% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | -0.1% | ||
| Q4 25 | 31.7% | 3.0% | ||
| Q3 25 | 24.4% | 3.4% | ||
| Q2 25 | 27.0% | 4.8% | ||
| Q1 25 | 28.0% | 1.3% | ||
| Q4 24 | 33.0% | 2.6% | ||
| Q3 24 | 19.7% | -3.2% | ||
| Q2 24 | 25.6% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.33 | $0.28 | ||
| Q3 25 | $0.27 | $0.30 | ||
| Q2 25 | $0.28 | $0.41 | ||
| Q1 25 | $0.30 | $0.10 | ||
| Q4 24 | $0.33 | $0.22 | ||
| Q3 24 | $0.20 | $-0.26 | ||
| Q2 24 | $0.25 | $0.23 |
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 | $313.6M |
| Total DebtLower is stronger | $5.1B | $248.0M |
| Stockholders' EquityBook value | $7.0B | $554.6M |
| Total Assets | $13.2B | $1.9B |
| Debt / EquityLower = less leverage | 0.72× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $313.6M | ||
| Q4 25 | $108.5M | $360.1M | ||
| Q3 25 | $45.6M | $357.8M | ||
| Q2 25 | $323.3M | $336.8M | ||
| Q1 25 | $69.7M | $312.9M | ||
| Q4 24 | $199.4M | $320.7M | ||
| Q3 24 | $162.5M | $310.9M | ||
| Q2 24 | $718.4M | $304.4M |
| Q1 26 | — | $248.0M | ||
| Q4 25 | $5.1B | $247.7M | ||
| Q3 25 | $4.8B | $247.5M | ||
| Q2 25 | $5.2B | $247.2M | ||
| Q1 25 | $4.9B | $246.9M | ||
| Q4 24 | $5.0B | $246.7M | ||
| Q3 24 | $4.5B | $246.4M | ||
| Q2 24 | $5.0B | $246.2M |
| Q1 26 | — | $554.6M | ||
| Q4 25 | $7.0B | $525.3M | ||
| Q3 25 | $7.2B | $509.0M | ||
| Q2 25 | $7.2B | $494.1M | ||
| Q1 25 | $7.2B | $473.3M | ||
| Q4 24 | $7.2B | $470.0M | ||
| Q3 24 | $7.0B | $456.1M | ||
| Q2 24 | $7.0B | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $13.2B | $1.9B | ||
| Q3 25 | $13.3B | $1.8B | ||
| Q2 25 | $13.6B | $1.8B | ||
| Q1 25 | $13.3B | $1.7B | ||
| Q4 24 | $13.4B | $1.7B | ||
| Q3 24 | $12.8B | $1.7B | ||
| Q2 24 | $13.3B | $1.7B |
| Q1 26 | — | 0.45× | ||
| Q4 25 | 0.72× | 0.47× | ||
| Q3 25 | 0.68× | 0.49× | ||
| Q2 25 | 0.72× | 0.50× | ||
| Q1 25 | 0.69× | 0.52× | ||
| Q4 24 | 0.70× | 0.52× | ||
| Q3 24 | 0.64× | 0.54× | ||
| Q2 24 | 0.71× | 0.53× |
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 | $8.5M |
| Free Cash FlowOCF − Capex | $823.7M | — |
| FCF MarginFCF / Revenue | 181.0% | — |
| Capex IntensityCapex / Revenue | 8.9% | — |
| Cash ConversionOCF / Net Profit | 5.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $864.3M | $63.1M | ||
| Q3 25 | $223.3M | $63.0M | ||
| Q2 25 | $271.9M | $65.0M | ||
| Q1 25 | $223.4M | $31.2M | ||
| Q4 24 | $811.5M | $45.1M | ||
| Q3 24 | $233.6M | $41.9M | ||
| Q2 24 | $274.0M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $823.7M | $4.0M | ||
| Q3 25 | $214.5M | $23.7M | ||
| Q2 25 | $257.7M | $26.9M | ||
| Q1 25 | $215.9M | $1.9M | ||
| Q4 24 | $777.5M | $10.4M | ||
| Q3 24 | $225.3M | $7.1M | ||
| Q2 24 | $263.3M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | 181.0% | 1.0% | ||
| Q3 25 | 44.8% | 6.5% | ||
| Q2 25 | 56.3% | 7.5% | ||
| Q1 25 | 47.0% | 0.6% | ||
| Q4 24 | 178.1% | 3.2% | ||
| Q3 24 | 50.6% | 2.2% | ||
| Q2 24 | 62.2% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 14.8% | ||
| Q3 25 | 1.8% | 10.7% | ||
| Q2 25 | 3.1% | 10.7% | ||
| Q1 25 | 1.6% | 9.1% | ||
| Q4 24 | 7.8% | 10.6% | ||
| Q3 24 | 1.9% | 11.0% | ||
| Q2 24 | 2.5% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.99× | 5.34× | ||
| Q3 25 | 1.91× | 5.04× | ||
| Q2 25 | 2.20× | 3.79× | ||
| Q1 25 | 1.74× | 7.36× | ||
| Q4 24 | 5.64× | 5.18× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | 5.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
