COMP <GO>

AMH vs HSBC // OPERATING MARGIN

American Homes 4 Rent Common (NYSE) VS. HSBC Holdings plc. (NYSE) • 15-METRIC TALLY: AMH 3 — HSBC 7

■ METRIC PARITY

LAST: $31.60 (+0.13%) • MKT CAP: $11.34B

operating-margins

13.90%

LAST: $85.42 (-1.36%) • MKT CAP: $297.33B

operating-margins

13.90%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AMH VS. HSBC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AMH	HSBC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	3.80%	9.90%	-6.10	HSBC	/roic <GO>
EV/EBITDA & P/E Valuation	24.0x	21.0x	+3.00	HSBC	/valuation <GO>
Free Cash Flow Yield	6.36%	2.21%	+4.15	AMH	/fcf-yield <GO>
Operating Margin ACTIVE	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	1.10%	23.10%	-22.00	HSBC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.94%	0.00%	+3.94	AMH	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.82	3.74	-1.92	HSBC	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	HSBC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	6.60%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	53.5	25.0	+28.52	AMH	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.92	0.92	0.00	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	27.6x	+2.90	HSBC	/forward-pe <GO>
Enterprise Scale & Market Cap	$11.34B	$297.33B	-$285.99B	HSBC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AMH REV	HSBC REV	AMH GROSS %	HSBC GROSS %	AMH FCF	HSBC FCF
FY 2025	$0	—	—	—	$864.3M	—
FY 2024	$0	—	—	—	$811.5M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AMH // BETA 0.92

HSBC // BETA 0.92