American Homes 4 Rent
AMH · NYSE
Key indicators
AMH profitability and balance sheet ratios
EPS $0.3246 in Q2 FY26, up 10.4% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.2092 |
| Q4 FY24 | $0.3432 |
| Q1 FY25 | $0.306 |
| Q2 FY25 | $0.2939 |
| Q3 FY25 | $0.2777 |
| Q4 FY25 | $0.3437 |
| Q1 FY26 | $0.3601 |
| Q2 FY26 | $0.3246 |
Where the money went
Q2 FY26, from revenue to net income
American Homes 4 Rent brought in $470.1M of revenue in Q2 FY26, +2.8% on a year earlier. 24¢ of every dollar became profit.
- Revenue
- $470.1M
- Costs, expenses and taxes
- $356.5M
- Net income
- $113.6M
- Net margin
- 24.2%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $455.0M | $472.0M | $470.1M |
| Gross profit | $267.4M | $270.0M | $274.3M |
| Operating income | $115.9M | $118.3M | $121.9M |
| Net income | $123.8M | $127.8M | $113.6M |
| Diluted EPS | $0.33 | $0.35 | $0.31 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $13.2B | $13.2B | $13.1B |
| Total liabilities | $6.2B | $6.2B | $6.3B |
| Shareholder equity | $7.0B | $6.9B | $6.8B |
| Cash and short-term investments | $0.1B | $0.1B | $0.1B |
| Total debt | $5.1B | $5.1B | $5.1B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $145.8M | $203.1M | $292.6M |
| Investing cash flow | −$47.5M | $10.3M | $16.9M |
| Financing cash flow | −$43.3M | −$235.8M | −$260.0M |
| Capital expenditure | −$553.1M | −$9.4M | −$64.9M |
| Free cash flow | −$407.3M | $193.7M | $227.7M |
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