American Homes 4 Rent vs Equity Lifestyle Properties
American Homes 4 Rent reported revenue of $1.9 billion in fiscal 2025, 1.2 times Equity Lifestyle Properties' $1.5 billion in fiscal 2025. American Homes 4 Rent's revenue grew 7.0% in its latest year, and Equity Lifestyle Properties' grew 0.3%. Free cash flow was $824 million at American Homes 4 Rent and $334 million at Equity Lifestyle Properties.
Side by side
| American Homes 4 Rent | Equity Lifestyle Properties | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.9B | $1.5B |
| Revenue growth | 7.0% | 0.3% |
| Revenue growth a year, last 5 years | 9.6% | 6.5% |
| Gross margin | — | — |
| Operating margin | — | 25.6% |
| Net margin | 27.8% | 26.2% |
| Free cash flow | $824M | $334M |
| Free cash flow margin | 44.5% | 21.8% |
| Return on capital | — | 7.7% |
| Net debt to EBITDA | — | 5.5x |
| Dividends and buybacks | $446M | $388M |
| Change in diluted share count | 0.8% | 1.8% |
| Last close | $32.11 | $61.06 |
| P/E at the last close | 25.5× | 30.5× |
| Insider trades, last 12 months | bought $1.2 million, sold $205,380 | sold $201,660 |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
American Homes 4 RentEquity Lifestyle Properties
Operating margin
Percent of revenue
American Homes 4 RentEquity Lifestyle Properties
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
American Homes 4 RentEquity Lifestyle Properties
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the American Homes 4 Rent and Equity Lifestyle Properties pages.