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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
—
$513M
—
—
7.3%
3.9%
—
$5.1B
$109M
2024
—
$468M
—
—
6.5%
3.5%
—
$5.0B
$199M
2023
—
$432M
—
—
6.2%
3.4%
—
$4.5B
$59M
2022
—
$310M
—
—
4.8%
2.5%
—
$4.5B
$69M
2021
—
$211M
—
—
3.5%
1.9%
—
$3.9B
$48M
2020
$1.2B
$155M
0.0%
0.0%
2.7%
1.6%
—
$2.8B
$137M
2019
$1.1B
$156M
0.0%
0.0%
2.9%
1.7%
—
$2.8B
$38M
2018
$1.1B
$112M
0.0%
0.0%
2.1%
1.2%
—
$2.8B
$30M
2017
$960M
$76M
0.0%
0.0%
1.5%
0.9%
—
$2.5B
$46M
2016
—
$10M
—
—
0.2%
0.1%
—
$2.9B
$119M
2015
—
-$48M
—
—
-1.5%
-0.7%
—
$2.5B
$58M
2014
—
-$33M
—
—
-1.0%
-0.5%
—
$1.8B
$109M
2013
—
-$19M
—
—
-0.6%
-0.5%
-$2.0B
$375M
$149M
2012
—
-$10M
—
—
-1.1%
-1.1%
-$94M
—
$397M
Net income
Net income
Return on equity & assets (ROE / ROA)
ROEROA
Shareholders' equity (book value)
Equity
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
—
$133M
—
—
2.0%
1.0%
—
$5.1B
$84M
Mar '26
—
$149M
—
—
2.1%
1.1%
—
$5.1B
$63M
Dec '25
—
$144M
—
—
2.1%
1.1%
—
$5.1B
$109M
Sep '25
—
$117M
—
—
1.6%
0.9%
—
$4.8B
$46M
Jun '25
—
$124M
—
—
1.7%
0.9%
—
$5.2B
$323M
Mar '25
—
$129M
—
—
1.8%
1.0%
—
$4.9B
$70M
Dec '24
—
$144M
—
—
2.0%
1.1%
—
$5.0B
$199M
Sep '24
—
$88M
—
—
1.2%
0.7%
—
$4.5B
$162M
Jun '24
—
$109M
—
—
1.5%
0.8%
—
$5.0B
$718M
Mar '24
—
$128M
—
—
1.8%
1.0%
—
$4.5B
$125M
Dec '23
—
$91M
—
—
1.3%
0.7%
—
$4.5B
$59M
Sep '23
—
$88M
—
—
1.3%
0.7%
—
$4.4B
$70M
Jun '23
—
$115M
—
—
1.7%
0.9%
—
$4.4B
$200M
Mar '23
—
$138M
—
—
2.0%
1.1%
—
$4.4B
$256M
Dec '22
—
$104M
—
—
1.6%
0.9%
—
$4.5B
$69M
Sep '22
—
$62M
—
—
1.0%
0.5%
—
$4.4B
$97M
Jun '22
—
$75M
—
—
1.2%
0.6%
—
$4.4B
$70M
Mar '22
—
$70M
—
—
1.1%
0.6%
—
$3.9B
$57M
Dec '21
—
$61M
—
—
1.0%
0.6%
—
$3.9B
$48M
Sep '21
—
$49M
—
—
0.8%
0.5%
—
$3.5B
$64M
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.
The price-to-earnings ratio has fallen from 36.4× (Mar '23) to 22.1× (Nov '26).
The dividend yield has risen from 2.2% (Mar '23) to 3.9% (Nov '26).
Price / earnings (P/E)
P/E
Dividend yield (%)
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?
American Homes 4 Rent's P/E (TTM) is 20.87 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AMH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 22.1× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.