CluenexAmerican Homes 4 Rent AMH
American Homes 4 Rent scores average on business quality (4.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What American Homes 4 Rent does
American Homes 4 Rent acquires, develops, and operates single-family rental homes, generating lease revenue from middle-class households in growing suburban markets.
- What it does best
AMH scales single-family rental operations across fragmented suburban submarkets, delivering a gross margin of 57.3% that outpaces peers like SUI at 54.8%. This platform density is hard to copy because localized asset management requires entrenched local footprints.
- The main risk
Rising debt burdens threaten cash flow stability as net debt climbs to $4.98 billion alongside an interest coverage ratio of just 2.5x, leaving little margin for error if borrowing costs remain elevated.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins hold at 25.7% while free cash flow margin rests at 0.6% due to heavy capital outlays for new construction, signaling that scale requires intensive upfront spending before cash generation expands.
AMH builds a geographic lock-in across high-barrier suburban housing corridors, ranking in the middle of its sector for operating margins at 25.7%, though lack of high switching costs limits pricing power against rival landlords.
Revenue growth registers at 7.0%, reflecting a steady climb from $1.30 billion in 2021 to $1.87 billion, though the pace remains middle of the pack relative to broader sector trends.
With $4.98 billion in net debt and an interest coverage ratio of 2.5x, interest costs constrain balance-sheet flexibility, while free cash flow stands at a modest $11.0 million against $854.0 million in capital expenditures, keeping capital cushions thin.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
2 insiders bought $535K on the open market.
Our sealed record on AMH
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
American Homes 4 Rent scores average on the Cluenex quality check (4.9 of 10), measured against its own industry. Profitability is weak, moat fair, growth steady and financial health fair.
In the last 90 days of SEC Form 4 filings: 2 insiders bought $535K on the open market.
Nov 4, 2026, after the close.
See AMH today
- Today's verdict on AMH, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “American Homes 4 Rent (AMH)”, https://cluenex.com/stocks/amh/, data as of Oct 10, 2026.