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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
Return on equity & assets (ROE / ROA)
-1% 3% 7% 0% 2012 2014 2016 2018 2020 2022 2024
ROEROA
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 MROEROAFCFTotal debtCash
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

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 21.7 43.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Dividend yield (%)
0.0 2.2 4.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '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?

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.