AMERICAN HOMES 4 RENT financials
$30.68+0.39%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.85B | $1.73B | $1.62B | $1.49B | $1.30B | $1.17B | $1.13B | $1.07B | $960.4M | $878.9M |
| Gross profit | $1.05B | $973.5M | $900.8M | $825.7M | $716.8M | $632.4M | $611.4M | $585.4M | $535.6M | $490.9M |
| Gross margin | 56.8% | 56.3% | 55.5% | 55.4% | 55.0% | 53.9% | 54.0% | 54.6% | 55.8% | 55.8% |
| Operating income | $451.9M | $391.8M | $352.7M | $301.6M | $271.8M | $231.4M | $235.7M | $224.9M | $191.0M | $147.7M |
| Net income | $439.0M | $398.5M | $366.2M | $250.8M | $135.3M | $85.2M | $85.9M | $23.5M | -$22.1M | -$33.5M |
| Net margin | 23.7% | 23.1% | 22.6% | 16.8% | 10.4% | 7.3% | 7.6% | 2.2% | −2.3% | −3.8% |
| Diluted EPS | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 | $0.28 | $0.29 | $0.08 | $-0.08 | $-0.14 |
| EBITDA | $968.5M | $889.9M | $826.2M | $757.7M | $644.6M | $574.5M | $564.9M | $543.6M | $496.3M | $446.3M |
| Operating cash flow | $864.3M | $811.5M | $738.7M | $702.2M | $595.2M | $474.1M | $457.9M | $410.9M | $386.0M | $278.9M |
| Free cash flow | $705.5M | $655.7M | $564.4M | -$470.6M | $425.0M | $352.3M | $358.4M | $300.9M | $245.5M | $171.1M |
| Diluted shares | 370.9M | 368.0M | 362.5M | 349.8M | 325.5M | 307.1M | 299.9M | 294.3M | 264.3M | 234.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $108.5M | $199.4M | $59.4M | $69.2M | $48.2M | $137.1M |
| Short-term investments | $0.00 | $0.00 | $25.7M | $0.00 | — | — |
| Total debt | $5.10B | $5.01B | $4.46B | $4.52B | $3.88B | $2.82B |
| Total assets | $13.24B | $13.38B | $12.69B | $12.18B | $10.96B | $9.59B |
| Total liabilities | $5.53B | $5.53B | $5.04B | $5.00B | $4.22B | $3.12B |
| Shareholders' equity | $7.71B | $7.85B | $7.65B | $7.17B | $6.74B | $6.47B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology