vs
Side-by-side financial comparison of American Homes 4 Rent (AMH) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $455.0M, roughly 1.9× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs 22.1%, a 9.6% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $285.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
AMH vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $846.8M |
| Net Profit | $144.3M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | — | 30.3% |
| Net Margin | 31.7% | 22.1% |
| Revenue YoY | 4.2% | 14.3% |
| Net Profit YoY | 0.3% | 2.6% |
| 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 | $846.8M | ||
| Q3 25 | $478.5M | $739.4M | ||
| Q2 25 | $457.5M | $694.0M | ||
| Q1 25 | $459.3M | $616.0M | ||
| Q4 24 | $436.6M | $741.0M | ||
| Q3 24 | $445.1M | $628.0M | ||
| Q2 24 | $423.5M | $584.5M | ||
| Q1 24 | $423.6M | $491.3M |
| Q4 25 | $144.3M | $186.9M | ||
| Q3 25 | $116.8M | $115.5M | ||
| Q2 25 | $123.6M | $90.1M | ||
| Q1 25 | $128.7M | $50.7M | ||
| Q4 24 | $143.9M | $182.2M | ||
| Q3 24 | $87.6M | $94.2M | ||
| Q2 24 | $108.5M | $85.0M | ||
| Q1 24 | $128.1M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | 31.7% | 22.1% | ||
| Q3 25 | 24.4% | 15.6% | ||
| Q2 25 | 27.0% | 13.0% | ||
| Q1 25 | 28.0% | 8.2% | ||
| Q4 24 | 33.0% | 24.6% | ||
| Q3 24 | 19.7% | 15.0% | ||
| Q2 24 | 25.6% | 14.5% | ||
| Q1 24 | 30.2% | 6.4% |
| Q4 25 | $0.33 | $0.39 | ||
| Q3 25 | $0.27 | $0.23 | ||
| Q2 25 | $0.28 | $0.18 | ||
| Q1 25 | $0.30 | $0.10 | ||
| Q4 24 | $0.33 | $0.36 | ||
| Q3 24 | $0.20 | $0.19 | ||
| Q2 24 | $0.25 | $0.17 | ||
| Q1 24 | $0.30 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $2.5B |
| Total Assets | $13.2B | $6.2B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $1.3B | ||
| Q3 25 | $45.6M | $1.4B | ||
| Q2 25 | $323.3M | $1.7B | ||
| Q1 25 | $69.7M | $1.7B | ||
| Q4 24 | $199.4M | $1.9B | ||
| Q3 24 | $162.5M | $1.7B | ||
| Q2 24 | $718.4M | $1.5B | ||
| Q1 24 | $124.8M | $1.4B |
| 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 | $2.5B | ||
| Q3 25 | $7.2B | $2.6B | ||
| Q2 25 | $7.2B | $2.7B | ||
| Q1 25 | $7.2B | $2.7B | ||
| Q4 24 | $7.2B | $2.9B | ||
| Q3 24 | $7.0B | $2.6B | ||
| Q2 24 | $7.0B | $2.4B | ||
| Q1 24 | $7.0B | $2.2B |
| Q4 25 | $13.2B | $6.2B | ||
| Q3 25 | $13.3B | $5.9B | ||
| Q2 25 | $13.6B | $6.0B | ||
| Q1 25 | $13.3B | $5.7B | ||
| Q4 24 | $13.4B | $6.1B | ||
| Q3 24 | $12.8B | $5.5B | ||
| Q2 24 | $13.3B | $5.2B | ||
| Q1 24 | $12.8B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $823.7M | $285.3M |
| FCF MarginFCF / Revenue | 181.0% | 33.7% |
| Capex IntensityCapex / Revenue | 8.9% | 3.1% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $311.6M | ||
| Q3 25 | $223.3M | $224.7M | ||
| Q2 25 | $271.9M | $165.0M | ||
| Q1 25 | $223.4M | $291.4M | ||
| Q4 24 | $811.5M | $199.4M | ||
| Q3 24 | $233.6M | $273.3M | ||
| Q2 24 | $274.0M | $81.3M | ||
| Q1 24 | $201.8M | $185.5M |
| Q4 25 | $823.7M | $285.3M | ||
| Q3 25 | $214.5M | $158.3M | ||
| Q2 25 | $257.7M | $119.8M | ||
| Q1 25 | $215.9M | $232.3M | ||
| Q4 24 | $777.5M | $179.2M | ||
| Q3 24 | $225.3M | $224.6M | ||
| Q2 24 | $263.3M | $59.1M | ||
| Q1 24 | $191.0M | $178.2M |
| Q4 25 | 181.0% | 33.7% | ||
| Q3 25 | 44.8% | 21.4% | ||
| Q2 25 | 56.3% | 17.3% | ||
| Q1 25 | 47.0% | 37.7% | ||
| Q4 24 | 178.1% | 24.2% | ||
| Q3 24 | 50.6% | 35.8% | ||
| Q2 24 | 62.2% | 10.1% | ||
| Q1 24 | 45.1% | 36.3% |
| Q4 25 | 8.9% | 3.1% | ||
| Q3 25 | 1.8% | 9.0% | ||
| Q2 25 | 3.1% | 6.5% | ||
| Q1 25 | 1.6% | 9.6% | ||
| Q4 24 | 7.8% | 2.7% | ||
| Q3 24 | 1.9% | 7.8% | ||
| Q2 24 | 2.5% | 3.8% | ||
| Q1 24 | 2.6% | 1.5% |
| Q4 25 | 5.99× | 1.67× | ||
| Q3 25 | 1.91× | 1.94× | ||
| Q2 25 | 2.20× | 1.83× | ||
| Q1 25 | 1.74× | 5.75× | ||
| Q4 24 | 5.64× | 1.09× | ||
| Q3 24 | 2.67× | 2.90× | ||
| Q2 24 | 2.52× | 0.96× | ||
| Q1 24 | 1.58× | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMH
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
