American Homes 4 Rent (AMH) FY2024 results: revenue $1.7 billion, up 6.5% on the year
American Homes 4 Rent (AMH) reported revenue of $1.7 billion for fiscal 2024, the year ended 31 December 2024, up 6.5% on the year before. Net income was $398 million, up 8.8%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$1.7 billion
+6.5% on the year
FY2017FY2024
Operating margin
13.1%
13.1% a year earlier
FY2017FY2024
Net income
$398 million
+8.8% on the year
FY2017FY2024
Diluted EPS
$1.08
+6.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
812
739
666
+9.9%
Capital expenditure
34.1
40.1
98.0
-15.2%
Free cash flow
777
699
567
+11.3%
Free cash flow margin
45.0%
43.0%
38.1%
Cash from investing
-826
-693
-1,426
Cash from financing
143
-42.2
786
Depreciation and amortisation
477
457
427
+4.5%
Share-based compensation
31.0
25.4
27.3
+22.1%
Dividends paid
384
319
253
+20.0%
Dividend per share
$1.04
$0.88
$0.72
+18.2%
Diluted shares, weighted
368m
362m
350m
+1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
7,160
6,968
6,496
+2.8%
Non-controlling interest
689
685
679
+0.5%
Debt
5,011
4,462
4,516
+12.3%
Other liabilities
522
574
484
-9.0%
Total liabilities and equity
13,381
12,688
12,175
+5.5%
Goodwill
120
120
120
0.0%
Intangible assets
12.4
7.6
10.2
+62.5%
Cash and equivalents
199
59.4
69.2
+235.8%
Other assets
13,049
12,501
11,975
+4.4%
Total assets
13,381
12,688
12,175
+5.5%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.