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AMH Financials American Homes 4 Rent

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 7.2% per year over the past 5 years.
  • Net income has grown faster than revenue (27.1% vs 7.2% per year).

Financial health

  • Total debt ($5.1B) exceeds cash ($109M); net debt is $5.0B.
  • Total debt has grown faster than revenue (12.6% vs 7.2% per year).

Shareholder returns

  • Dividends have been paid for 12 consecutive years, consuming 86.9% of earnings.
  • The dividend has grown 48.9% per year over the past 5 years.
Revenue & net income
-$48M $567M $1B $0 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
0% 7% 14% 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
-$2B -$998M $0 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $3B $5B 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$2B -$132M $2B $0 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $513M $5.1B $109M
2024 $468M $5.0B $199M
2023 $432M $4.5B $59M
2022 $310M $4.5B $69M
2021 $211M $3.9B $48M
2020 $1.2B $155M 0.0% 0.0% $2.8B $137M
2019 $1.1B $156M 0.0% 0.0% $2.8B $38M
2018 $1.1B $112M 0.0% 0.0% $2.8B $30M
2017 $960M $76M 0.0% 0.0% $2.5B $46M
2016 $10M $2.9B $119M
2015 -$48M $2.5B $58M
2014 -$33M $1.8B $109M
2013 -$19M -$2.0B $375M $149M
2012 -$10M -$94M $397M

Valuation over time

How the market has priced AMH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 22.0 44.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Dividend yield (%)
0.0 2.2 4.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is AMH growing its revenue and profit?

Over the past 5 years, American Homes 4 Rent's revenue has grown 7.2% per year, and net income grown 27.1% per year. These are computed facts, not advice.

How much debt does AMH have?

As of FY2025, American Homes 4 Rent reported $5.1B of total debt against $109M of cash.

What is AMH's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is AMH's P/E ratio?

As of Jun '26, American Homes 4 Rent traded at a price-to-earnings ratio of about 23.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.