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
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
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
—
$149M
—
—
—
$5.1B
$63M
Dec '25
—
$144M
—
—
—
$5.1B
$109M
Sep '25
—
$117M
—
—
—
$4.8B
$46M
Jun '25
—
$124M
—
—
—
$5.2B
$323M
Mar '25
—
$129M
—
—
—
$4.9B
$70M
Dec '24
—
$144M
—
—
—
$5.0B
$199M
Sep '24
—
$88M
—
—
—
$4.5B
$162M
Jun '24
—
$109M
—
—
—
$5.0B
$718M
Mar '24
—
$128M
—
—
—
$4.5B
$125M
Dec '23
—
$91M
—
—
—
$4.5B
$59M
Sep '23
—
$88M
—
—
—
$4.4B
$70M
Jun '23
—
$115M
—
—
—
$4.4B
$200M
Mar '23
—
$138M
—
—
—
$4.4B
$256M
Dec '22
—
$104M
—
—
—
$4.5B
$69M
Sep '22
—
$62M
—
—
—
$4.4B
$97M
Jun '22
—
$75M
—
—
—
$4.4B
$70M
Mar '22
—
$70M
—
—
—
$3.9B
$57M
Dec '21
—
$61M
—
—
—
$3.9B
$48M
Sep '21
—
$49M
—
—
—
$3.5B
$64M
Jun '21
—
$52M
—
—
—
$3.4B
$41M
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 36.9× (Mar '23) to 23.6× (Jun '26).
The dividend yield has risen from 2.2% (Mar '23) to 3.7% (Jun '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?
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.