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Side-by-side financial comparison of American Homes 4 Rent (AMH) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $455.0M, roughly 1.4× American Homes 4 Rent). American Homes 4 Rent runs the higher net margin — 31.7% vs 13.4%, a 18.3% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 4.2%). American Homes 4 Rent produced more free cash flow last quarter ($823.7M vs $140.3M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
AMH vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $455.0M | $625.1M |
| Net Profit | $144.3M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | — | 18.2% |
| Net Margin | 31.7% | 13.4% |
| Revenue YoY | 4.2% | 15.7% |
| Net Profit YoY | 0.3% | 24.0% |
| EPS (diluted) | $0.33 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $478.5M | $611.7M | ||
| Q2 25 | $457.5M | $643.7M | ||
| Q1 25 | $459.3M | $558.0M | ||
| Q4 24 | $436.6M | $540.4M | ||
| Q3 24 | $445.1M | $543.6M | ||
| Q2 24 | $423.5M | $597.3M | ||
| Q1 24 | $423.6M | $570.9M |
| Q4 25 | $144.3M | $83.7M | ||
| Q3 25 | $116.8M | $82.2M | ||
| Q2 25 | $123.6M | $100.9M | ||
| Q1 25 | $128.7M | $74.0M | ||
| Q4 24 | $143.9M | $67.5M | ||
| Q3 24 | $87.6M | $69.1M | ||
| Q2 24 | $108.5M | $82.0M | ||
| Q1 24 | $128.1M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 18.2% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | 31.7% | 13.4% | ||
| Q3 25 | 24.4% | 13.4% | ||
| Q2 25 | 27.0% | 15.7% | ||
| Q1 25 | 28.0% | 13.3% | ||
| Q4 24 | 33.0% | 12.5% | ||
| Q3 24 | 19.7% | 12.7% | ||
| Q2 24 | 25.6% | 13.7% | ||
| Q1 24 | 30.2% | 12.7% |
| Q4 25 | $0.33 | $2.50 | ||
| Q3 25 | $0.27 | $2.45 | ||
| Q2 25 | $0.28 | $3.01 | ||
| Q1 25 | $0.30 | $2.21 | ||
| Q4 24 | $0.33 | $2.02 | ||
| Q3 24 | $0.20 | $2.06 | ||
| Q2 24 | $0.25 | $2.44 | ||
| Q1 24 | $0.30 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $7.0B | $2.0B |
| Total Assets | $13.2B | $2.9B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.5M | $405.5M | ||
| Q3 25 | $45.6M | $457.7M | ||
| Q2 25 | $323.3M | $369.3M | ||
| Q1 25 | $69.7M | $336.8M | ||
| Q4 24 | $199.4M | $386.9M | ||
| Q3 24 | $162.5M | $303.9M | ||
| Q2 24 | $718.4M | $279.4M | ||
| Q1 24 | $124.8M | $237.1M |
| 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 | $2.0B | ||
| Q3 25 | $7.2B | $2.0B | ||
| Q2 25 | $7.2B | $1.9B | ||
| Q1 25 | $7.2B | $1.8B | ||
| Q4 24 | $7.2B | $1.7B | ||
| Q3 24 | $7.0B | $1.7B | ||
| Q2 24 | $7.0B | $1.6B | ||
| Q1 24 | $7.0B | $1.6B |
| Q4 25 | $13.2B | $2.9B | ||
| Q3 25 | $13.3B | $2.7B | ||
| Q2 25 | $13.6B | $2.6B | ||
| Q1 25 | $13.3B | $2.5B | ||
| Q4 24 | $13.4B | $2.4B | ||
| Q3 24 | $12.8B | $2.4B | ||
| Q2 24 | $13.3B | $2.4B | ||
| Q1 24 | $12.8B | $2.3B |
| 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 | $154.7M |
| Free Cash FlowOCF − Capex | $823.7M | $140.3M |
| FCF MarginFCF / Revenue | 181.0% | 22.4% |
| Capex IntensityCapex / Revenue | 8.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 5.99× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.3M | $154.7M | ||
| Q3 25 | $223.3M | $122.4M | ||
| Q2 25 | $271.9M | $69.7M | ||
| Q1 25 | $223.4M | $55.2M | ||
| Q4 24 | $811.5M | $139.5M | ||
| Q3 24 | $233.6M | $90.7M | ||
| Q2 24 | $274.0M | $85.3M | ||
| Q1 24 | $201.8M | $45.6M |
| Q4 25 | $823.7M | $140.3M | ||
| Q3 25 | $214.5M | $110.9M | ||
| Q2 25 | $257.7M | $59.5M | ||
| Q1 25 | $215.9M | $45.6M | ||
| Q4 24 | $777.5M | $127.5M | ||
| Q3 24 | $225.3M | $84.3M | ||
| Q2 24 | $263.3M | $78.5M | ||
| Q1 24 | $191.0M | $35.5M |
| Q4 25 | 181.0% | 22.4% | ||
| Q3 25 | 44.8% | 18.1% | ||
| Q2 25 | 56.3% | 9.2% | ||
| Q1 25 | 47.0% | 8.2% | ||
| Q4 24 | 178.1% | 23.6% | ||
| Q3 24 | 50.6% | 15.5% | ||
| Q2 24 | 62.2% | 13.1% | ||
| Q1 24 | 45.1% | 6.2% |
| Q4 25 | 8.9% | 2.3% | ||
| Q3 25 | 1.8% | 1.9% | ||
| Q2 25 | 3.1% | 1.6% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 7.8% | 2.2% | ||
| Q3 24 | 1.9% | 1.2% | ||
| Q2 24 | 2.5% | 1.1% | ||
| Q1 24 | 2.6% | 1.8% |
| Q4 25 | 5.99× | 1.85× | ||
| Q3 25 | 1.91× | 1.49× | ||
| Q2 25 | 2.20× | 0.69× | ||
| Q1 25 | 1.74× | 0.75× | ||
| Q4 24 | 5.64× | 2.07× | ||
| Q3 24 | 2.67× | 1.31× | ||
| Q2 24 | 2.52× | 1.04× | ||
| Q1 24 | 1.58× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
