Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $879M | $960M | $1.07B | $1.14B | $1.18B | — | — | — | — | — |
| Revenue growth | — | 9.3% | 11.7% | 6.6% | 3.5% | — | — | — | — | — |
| Net income | $10.4M | $76.5M | $112M | $156M | $155M | $211M | $310M | $432M | $468M | $513M |
| Net margin | 1.2% | 8.0% | 10.5% | 13.7% | 13.1% | — | — | — | — | — |
| EPS (diluted) | -$0.14 | -$0.08 | $0.08 | $0.29 | $0.28 | $0.41 | $0.71 | $1.01 | $1.08 | $1.18 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $279M | $386M | $411M | $458M | $474M | $595M | $666M | $739M | $812M | $864M |
| Share buybacks | $96.1M | $0.00 | $35.0M | $0.00 | $0.00 | — | — | — | — | — |
| Dividends paid | $48.2M | $38.9M | $58.4M | $59.8M | $61.1M | $146M | $253M | $319M | $384M | $446M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $119M | $46.2M | $30.3M | $37.6M | $137M | $48.2M | $69.2M | $59.4M | $199M | $109M |
| Total assets | $8.11B | $8.61B | $9.00B | $9.10B | $9.59B | $11.0B | $12.2B | $12.7B | $13.4B | $13.2B |
| Total liabilities | $3.17B | $2.73B | $3.03B | $3.08B | $3.12B | $4.22B | $5.00B | $5.04B | $5.53B | $5.53B |
| Long-term debt | $2.92B | $2.48B | $2.80B | $2.83B | $2.82B | $3.88B | $4.52B | $4.46B | $5.01B | $5.10B |
| Shareholders' equity | $4.19B | $5.15B | $5.25B | $5.34B | $5.79B | $6.06B | $6.50B | $6.97B | $7.16B | $7.03B |
| Retained earnings | -$379M | -$454M | -$491M | -$465M | -$444M | -$439M | -$441M | -$395M | -$381M | -$388M |
| Shares (wtd avg diluted) | 234M | 264M | 294M | 300M | 307M | 326M | 350M | 362M | 368M | 371M |
Every figure is extracted from American Homes 4 Rent’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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