Last 48 quarters of trend data · Real Estate · REIT - Residential
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
American Homes 4 Rent's quarterly P/E stands at 19.9x, down 36.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 14.4% YoY to 15.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 26.87 | 19.94 | 24.32 | 30.79 | 32.21 | 31.51 | 28.35 | 47.99 | 37.16 | 30.65 | 42.81 | 42.11 | 32.82 |
| — | -36.7% | -14.2% | -35.8% | -13.3% | +2.8% | -33.8% | +14.0% | +13.2% | +24.7% | +36.4% | -28.1% | -40.7% | |
| P/S Ratio | 6.17 | 5.39 | 6.47 | 6.45 | 7.31 | 7.63 | 7.93 | 7.93 | 8.06 | 7.97 | 7.99 | 7.25 | 8.12 |
| — | -29.4% | -18.4% | -18.7% | -9.2% | -4.2% | -0.9% | +9.4% | -0.8% | +11.7% | +14.1% | -0.9% | -5.0% | |
| P/B Ratio | 1.53 | 1.34 | 1.54 | 1.57 | 1.71 | 1.79 | 1.76 | 1.83 | 1.77 | 1.75 | 1.71 | 1.62 | 1.70 |
| — | -25.1% | -12.6% | -14.2% | -3.6% | +2.0% | +3.3% | +13.2% | +4.0% | +16.1% | +14.8% | +0.9% | -4.2% | |
| P/FCF | 15.43 | — | 11.25 | 18.51 | 13.88 | 18.21 | 56.15 | 17.43 | 13.77 | 18.96 | 37.33 | 18.10 | 17.91 |
| — | — | -80.0% | +6.2% | +0.8% | -4.0% | +50.4% | -3.7% | -23.1% | +12.8% | -59.8% | +9.1% | +10.4% | |
| EV / EBITDA | 17.29 | 15.12 | 17.48 | 17.65 | 18.76 | 13.21 | 13.23 | 13.71 | 13.47 | 13.76 | 13.40 | 13.12 | 13.75 |
| — | +14.4% | +32.1% | +28.7% | +39.3% | -4.0% | -1.3% | +4.5% | -2.0% | +9.5% | +9.7% | -1.4% | -7.8% | |
| EV / EBIT | 36.59 | 17.68 | 22.29 | 25.99 | 26.83 | 42.97 | 43.83 | 46.44 | 45.12 | 46.94 | 45.43 | 47.41 | 50.13 |
| — | -58.9% | -49.1% | -44.0% | -40.5% | -8.5% | -3.5% | -2.1% | -10.0% | +2.1% | -0.9% | -5.0% | -12.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
American Homes 4 Rent's operating margin was 25.1% in Q1 2026, down 0.2 pp QoQ and down 25.8 pp YoY. Gross margin contracted 93.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.4% | 3.5% | 4.6% | 55.1% | 57.5% | 55.4% | 57.5% | 53.6% | 56.4% | 55.0% | 56.4% | 52.3% | 55.2% |
| — | -93.7% | -92.1% | +2.8% | +2.0% | +0.8% | +2.0% | +2.5% | +2.2% | +1.8% | +2.2% | -0.3% | +1.7% | |
| Operating Margin | 24.2% | 25.1% | 25.2% | 24.3% | 25.4% | 50.9% | 52.6% | 49.0% | 51.1% | 49.6% | 51.7% | 47.7% | 49.9% |
| — | -50.8% | -52.0% | -50.4% | -50.3% | +2.5% | +1.7% | +2.7% | +2.2% | +0.6% | -0.4% | -0.4% | +2.3% | |
| Net Margin | 24.3% | 27.8% | 27.7% | 21.5% | 23.8% | 24.7% | 29.0% | 17.4% | 22.6% | 26.6% | 19.6% | 18.4% | 25.7% |
| — | +12.6% | -4.5% | +23.8% | +5.5% | -7.2% | +48.1% | -5.6% | -12.0% | -12.5% | -18.0% | +33.0% | +40.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.8% | 1.7% | 1.6% | 1.3% | 1.4% | 1.4% | 1.6% | 1.0% | 1.2% | 1.5% | 1.1% | 1.0% | 1.3% |
| — | +18.6% | +0.4% | +30.7% | +12.1% | -1.5% | +54.7% | -2.4% | -7.9% | -10.8% | -17.1% | +33.7% | +43.2% | |
| ROA | 3.4% | 1.0% | 1.0% | 0.8% | 0.8% | 0.9% | 1.0% | 0.6% | 0.7% | 0.9% | 0.6% | 0.6% | 0.8% |
| — | +16.8% | -0.6% | +29.6% | +10.6% | -4.0% | +52.3% | -4.4% | -9.9% | -9.9% | -15.4% | +36.7% | +43.2% | |
| ROIC | 2.7% | 0.7% | 0.7% | 0.7% | 0.7% | 1.4% | 1.4% | 1.4% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% |
| — | -49.4% | -50.8% | -49.4% | -49.1% | +5.9% | +5.2% | +6.4% | +6.3% | +3.3% | +3.1% | +3.4% | +6.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
American Homes 4 Rent's Debt/EBITDA ratio is 20.9x — elevated, raising questions about debt serviceability. The current ratio has weakened 83.6% YoY to 0.05x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.67 | 0.66 | 0.62 | 0.66 | 0.63 | 0.64 | 0.59 | 0.65 | 0.59 | 0.59 | 0.58 | 0.58 |
| — | +7.0% | +3.8% | +5.2% | +1.5% | +7.4% | +9.4% | +1.3% | +11.5% | +0.2% | -7.4% | -5.7% | -8.1% | |
| Debt / EBITDA | 5.36 | 20.88 | 21.21 | 20.01 | 21.30 | 13.82 | 14.25 | 13.45 | 15.04 | 13.90 | 13.73 | 13.93 | 14.18 |
| — | +51.0% | +48.8% | +48.7% | +41.6% | -0.6% | +3.8% | -3.4% | +6.1% | -2.6% | -6.2% | -6.4% | -9.9% | |
| Current Ratio | 62.90 | 0.05 | 62.90 | 0.39 | 1.07 | 0.33 | 1.00 | 0.75 | 2.07 | 0.81 | 0.52 | 0.60 | 0.90 |
| — | -83.6% | +6215.3% | -48.7% | -48.2% | -59.3% | +89.8% | +25.5% | +131.6% | -31.5% | -2.7% | -13.1% | +40.1% | |
| Quick Ratio | 62.90 | 0.05 | 62.90 | 0.39 | 1.07 | 0.33 | 1.00 | 0.75 | 2.07 | 0.81 | 0.52 | 0.60 | 0.90 |
| — | -83.6% | +6215.3% | -48.7% | -48.2% | -59.3% | +89.8% | +25.5% | +131.6% | -31.5% | -2.7% | -13.1% | +40.1% | |
| Interest Coverage | 3.77 | 3.43 | 4.19 | 3.42 | 3.67 | 2.42 | 2.39 | 2.28 | 2.57 | 2.47 | 1.95 | 2.54 | 2.44 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into AMH consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AMH stock.
American Homes 4 Rent's current P/E is 26.9x. The average P/E over the last 4 quarters is 26.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
American Homes 4 Rent's current operating margin is 24.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking American Homes 4 Rent's business trajectory between earnings reports.