AMH financial statements
The full income statement, balance sheet, and cash-flow statement for American Homes 4 Rent Common Shares of Beneficial Interest (AMH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.85B+7.0% | 1.73B+6.5% | 1.62B+8.9% | 1.49B+14.3% | 1.30B+10.2% | ||
| Lease income | 1.85B+7.0% | 1.73B+6.5% | 1.62B+8.9% | 1.49B+14.3% | 1.30B+11.2% | |
| — | 1.50B+6.5% | 1.41B+6.6% | 1.32B+15.4% | 1.15B+8.4% | ||
| Selling, general & administrative | 83.0M-0.7% | 83.6M+12.0% | 74.6M+9.6% | 68.1M+20.6% | 56.4M+16.3% | |
| General & administrative | 83.0M-0.7% | 83.6M+12.0% | 74.6M+9.6% | 68.1M+20.6% | 56.4M+16.3% | |
| Interest expense | 185M+12.0% | 165M+17.9% | 140M+3.9% | 135M+17.4% | 115M-1.8% | |
| Other non-operating income | 15.7M-29.6% | 22.2M+127.0% | 9.80M+42.7% | 6.87M+72.3% | 3.98M+133.5% | |
| Equity-method income | 320K+5433.3% | -6.00K-100.5% | 1.23M-60.0% | 3.07M+90.4% | 1.61M+308.0% | |
| 513M+9.7% | 468M+8.3% | 432M+39.4% | 310M+47.2% | 211M+36.0% | ||
| Net income to common | 439M+10.2% | 398M+8.8% | 366M+46.0% | 251M+85.4% | 135M+58.7% | |
| $1.18+9.3% | $1.08+6.9% | $1.01+42.3% | $0.71+73.2% | $0.41+46.4% | ||
| EPS (basic) | $1.18+9.3% | $1.08+6.9% | $1.01+40.3% | $0.72+71.4% | $0.42+50.0% | |
| Weighted-avg shares (basic) | 371M+0.8% | 367M+1.5% | 362M+3.6% | 349M+7.7% | 324M+5.8% | |
| Weighted-avg shares (diluted) | 371M+0.8% | 368M+1.5% | 362M+3.6% | 350M+7.5% | 326M+6.0% | |
| Dividends per share | $1.20+15.4% | $1.04+18.2% | $0.88+22.2% | $0.72+60.3% | $0.45+125.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 109M-45.6% | 199M+235.8% | 59.4M-14.1% | 69.2M+43.5% | 48.2M-64.8% | |
| 13.2B-1.0% | 13.4B+5.5% | 12.7B+4.2% | 12.2B+11.1% | 11.0B+14.3% | ||
| Operating lease right-of-use | 15.7M+6.5% | 14.7M-11.4% | 16.6M-13.1% | 19.1M+10.8% | 17.3M-8.0% | |
| Goodwill | 120M+0.0% | 120M+0.0% | 120M+0.0% | 120M+0.0% | 120M+0.0% | |
| Intangible assets | 9.48M-23.5% | 12.4M+62.5% | 7.63M-25.5% | 10.2M-22.1% | 13.1M+170.0% | |
| 5.53B+0.0% | 5.53B+9.9% | 5.04B+0.7% | 5.00B+18.4% | 4.22B+35.3% | ||
| Long-term debt | 5.10B+1.7% | 5.01B+12.3% | 4.46B-1.2% | 4.52B+16.4% | 3.88B+37.7% | |
| Operating lease liability (total) | 17.2M+5.4% | 16.3M-10.8% | 18.3M-11.9% | 20.8M+10.9% | 18.7M-2.3% | |
| 7.03B-1.8% | 7.16B+2.8% | 6.97B+7.3% | 6.50B+7.2% | 6.06B+4.7% | ||
| Preferred stock | 92.0K+0.0% | 92.0K+0.0% | 92.0K+0.0% | 92.0K-40.3% | 154K-56.5% | |
| Additional paid-in capital | 7.41B-1.6% | 7.53B+2.3% | 7.36B+6.1% | 6.93B+6.8% | 6.49B+4.3% | |
| Retained earnings | -388M-1.8% | -381M+3.6% | -395M+10.4% | -441M-0.5% | -439M+1.1% | |
| Accumulated other comprehensive income | 6.63M-15.6% | 7.85M+831.4% | 843K-36.7% | 1.33M-26.6% | 1.81M-68.9% | |
| Non-controlling interest | 676M-1.9% | 689M+0.5% | 685M+1.0% | 679M-0.0% | 679M-0.7% | |
| Total equity incl. non-controlling | 7.71B-1.8% | 7.85B+2.6% | 7.65B+6.7% | 7.17B+6.5% | 6.74B+4.1% | |
| Total liabilities & equity | 13.2B-1.0% | 13.4B+5.5% | 12.7B+4.2% | 12.2B+11.1% | 11.0B+14.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 864M+6.5% | 812M+9.9% | 739M+11.0% | 666M+11.8% | 595M+25.5% | ||
| Depreciation & amortization | 504M+5.7% | 477M+4.5% | 457M+7.0% | 427M+14.4% | 373M+8.7% | |
| Share-based compensation | 25.8M-16.7% | 31.0M+22.1% | 25.4M-7.1% | 27.3M+53.5% | 17.8M+80.9% | |
| Change in receivables | -1.31M-176.8% | 1.71M+294.5% | -879K-110.8% | 8.15M+66.8% | 4.88M-68.8% | |
| -328M+60.3% | -826M-19.2% | -693M+51.4% | -1.43B+17.8% | -1.73B-169.6% | ||
| Capital expenditure | 40.6M+19.4% | 34.1M-15.2% | 40.1M-59.1% | 98.0M+338.2% | 22.4M+19.6% | |
| Free cash flow | 824M+5.9% | 777M+11.3% | 699M+23.1% | 567M-0.9% | 573M+25.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 30.9M+6.1% | 29.2M-24.8% | 38.8M-21.8% | 49.6M+121.6% | 22.4M+19.6% | |
| -656M-559.5% | 143M+438.1% | -42.2M-105.4% | 786M-26.2% | 1.06B+294.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 446M+16.4% | 384M+20.0% | 319M+26.5% | 253M+72.7% | 146M+139.5% | |
| Net change in cash | -120M-193.1% | 128M+3190.3% | 3.90M-85.1% | 26.2M+135.7% | -73.3M-172.6% | |
| Interest paid | 172M+34.5% | 128M+0.0% | 128M+10.0% | 116M+21.5% | 95.8M-12.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.9B-14.1% | 13.8B+6.1% | 13.1B+23.9% | 10.5B-28.2% | 14.7B+54.3% | |
| P/E | 23.2×-21.7% | 29.6×+0.9% | 29.3×-25.5% | 39.4×-43.5% | 69.7×+13.5% | |
| P/S | 6.4×-19.8% | 8.0×-2.0% | 8.2×+12.4% | 7.3×-35.4% | 11.3×+40.0% | |
| P/B | 1.7×-12.6% | 1.9×+1.7% | 1.9×+16.8% | 1.6×-32.8% | 2.4×+47.4% | |
| P/FCF | 14.4×-19.0% | 17.8×-11.2% | 20.1×+16.5% | 17.2×-32.8% | 25.6×+22.7% | |
| Earnings yield | 4.3%+27.7% | 3.4%-0.9% | 3.4%+34.2% | 2.5%+77.1% | 1.4%-11.9% | |
| FCF yield | 6.9%+23.4% | 5.6%+12.6% | 5.0%-14.2% | 5.8%+48.8% | 3.9%-18.5% | |
| Dividend yield | 3.7%+34.5% | 2.8%+13.6% | 2.4%+2.4% | 2.4%+131.9% | 1.0%+55.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AMH’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AMH filings on SEC EDGAR → Not investment advice.