American Homes 4 Rent vs Invitation Homes
Add, change or remove companies; up to four.
The short version
- Invitation Homes is the larger business, with $2.7B of revenue in fiscal 2025 against $1.9B for American Homes 4 Rent.
- American Homes 4 Rent grew revenue faster (7.0%, against 4.2%).
- Investors pay more for each dollar of American Homes 4 Rentβs earnings: a P/E of 25.3x against 25.3x for Invitation Homes.
| Latest fiscal year | AMH Β· FY25 | INVH Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.5B | $16.3B |
| Revenue | $1.9B | $2.7B |
| Free cash flow | $824M | β |
| Net income | $513M | $588M |
| Growth | ||
| Revenue growth | 7.0% | 4.2% |
| 5-year growth | 9.6% | 8.4% |
| Share count change | 0.8% | β0.1% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 27.8% | 21.5% |
| FCF margin | 44.5% | β |
| Return on capital | β | β |
| Return on equity | 7.2% | 6.1% |
| Balance sheet | ||
| Net debt | $5.0B | $8.3B |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $446M | $766M |
| Valuation & quality | ||
| P/E | 25.3x | 25.3x |
| Piotroski F-score | β | β |
Revenue
FY16
AMH $879M
INVH $923M
FY17
AMH $960M
INVH $1.1B
FY18
AMH $1.1B
INVH $1.7B
FY19
AMH $1.1B
INVH $1.8B
FY20
AMH $1.2B
INVH $1.8B
FY21
AMH $1.3B
INVH $2.0B
FY22
AMH $1.5B
INVH $2.2B
FY23
AMH $1.6B
INVH $2.4B
FY24
AMH $1.7B
INVH $2.6B
FY25
AMH $1.9B
INVH $2.7B
AMH
INVH
Operating margin
FY16
AMH β
INVH 20.7%
FY17
AMH β
INVH 11.2%
FY18
AMH β
INVH β
FY19
AMH β
INVH β
FY20
AMH β
INVH β
FY21
AMH β
INVH β
FY22
AMH β
INVH β
FY23
AMH β
INVH β
FY24
AMH β
INVH β
FY25
AMH β
INVH β
AMH
INVH
Free cash flow
FY16
AMH $239M
INVH β
FY17
AMH $338M
INVH β
FY18
AMH $359M
INVH β
FY19
AMH $436M
INVH β
FY20
AMH $457M
INVH β
FY21
AMH $548M
INVH β
FY22
AMH $568M
INVH β
FY23
AMH $699M
INVH β
FY24
AMH $777M
INVH β
FY25
AMH $824M
INVH β
AMH
INVH
Return on capital
FY16
AMH β
INVH β
FY17
AMH β
INVH β
FY18
AMH β
INVH 1.7%
FY19
AMH β
INVH 3.0%
FY20
AMH β
INVH 3.3%
FY21
AMH β
INVH 3.5%
FY22
AMH β
INVH 3.9%
FY23
AMH β
INVH 4.8%
FY24
AMH β
INVH β
FY25
AMH β
INVH β
AMH
INVH
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.