Tricon Residential Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Tricon Residential Inc (TCN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Tricon Residential Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,121M vs 5,411M combined for tracked competitors (17.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-10.8%) for its tracked peer group.
- Profitability: Its 10.9% net margin compares with 25.8% for the peer group.
- Peer revenue share: Tricon Residential Inc accounted for 48.2% of combined revenue among its tracked peer group.
- Peer differentiation: Revenue per employee of $3.05M compares with $1.37M for the peer group (2.2x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TCN Sales vs. its Competitors, Q4 2023
With a net margin of 10.87 %, Tricon Residential Inc reported lower profitability than its competitors (25.78 %).
Tricon Residential Inc generated 48.17 % of the combined sales of its peer group.
Tricon Residential Inc vs. its Competitors, Q4 2023
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Tricon Residential Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Tricon Residential Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Tricon Residential Inc's competitor groups requires a Commercial License.
Tricon Residential Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Tricon Residential Inc | - | - | - | - |
| Competitors combined (6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TCN Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Umh Properties Inc | 282.9% | Outperformed |
| 2 | Star Holdings | 282.9% | Outperformed |
| 3 | American Homes 4 Rent | 282.9% | Outperformed |
| 4 | Invitation Homes Inc | 282.9% | Outperformed |
| 5 | Bluerock Homes Trust inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Tricon Residential Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Tricon Residential Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Tricon Residential Inc | 3,099.87 | 1,121.22 |
| Invitation Homes Inc | 15,724.89 | 2,855.08 |
| American Homes 4 Rent | 11,026.30 | 1,862.98 |
| Umh Properties Inc | 1,330.78 | 271.36 |
| Nexpoint Residential Trust Inc | 506.26 | 253.07 |
| Star Holdings | 102.33 | 93.77 |
| SUBTOTAL | 31,821.69 | 6,532.03 |
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Sources: Tricon Residential Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Tricon Residential Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Tricon Residential Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Bluerock Homes Trust inc | Residential Communities Segment 64.72 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Tricon Residential Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Tricon Residential Inc | 3,100 | 3,046,793 | 331,043 |
| Invitation Homes Inc | 15,725 | 1,655,118 | 384,334 |
| American Homes 4 Rent | 11,026 | 1,165,821 | 339,686 |
| Umh Properties Inc | 1,331 | 502,526 | 57,557 |
| Nexpoint Residential Trust Inc | 506 | 253,069,000 | -33,595,000 |
| Star Holdings | 102 | 1,302,319 | 55,486 |
| PEERS TOTAL | 28,722 | 1,374,697 | 296,895 |
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Tricon Residential Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
No rule matched.
Opportunities
- A meaningful share of tracked competitors (50.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-10.8% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Tricon Residential Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Tricon Residential Inc | 0.61 | 0.49 | 0.09 |
| Invitation Homes Inc | 0.40 | 0.49 | 0.53 |
| American Homes 4 Rent | 0.14 | 0.23 | 0.63 |
| Umh Properties Inc | 0.27 | 1.29 | 1.20 |
| Nexpoint Residential Trust Inc | 0.56 | 0.94 | 1.55 |
| Star Holdings | 1.34 | 2.10 | 0.87 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Tricon Residential Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Tricon Residential Inc | Q4 2023 | +2,111.8 % | -72.9 % |
| Invitation Homes Inc | Q2 2026 | +9.7 % | +55.4 % |
| American Homes 4 Rent | Q2 2026 | - | +7.5 % |
| Umh Properties Inc | Q2 2026 | +7.5 % | +25.3 % |
| Nexpoint Residential Trust Inc | Q2 2026 | +2.3 % | - |
| Star Holdings | Q2 2026 | -54.0 % | - |
| PEERS TOTAL | +48.3 % | -24.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Tricon Residential Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Tricon Residential Inc | Q4 2023 | - | -69.8 % |
| Invitation Homes Inc | Q2 2026 | +37.4 % | -67.9 % |
| American Homes 4 Rent | Q2 2026 | - | 0.0 % |
| Umh Properties Inc | Q2 2026 | - | +144.1 % |
| Nexpoint Residential Trust Inc | Q2 2026 | +16.6 % | -7.6 % |
| Star Holdings | Q2 2026 | -100.0 % | -38.4 % |
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Tricon Residential Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Tricon Residential Inc | 0.92% | 1.14% | 3.15% |
| Invitation Homes Inc | 3.55% | 3.27% | 7.08% |
| American Homes 4 Rent | 4.11% | 4.02% | 7.09% |
| Umh Properties Inc | 1.85% | 1.47% | 3.43% |
| Nexpoint Residential Trust Inc | - | - | - |
| Star Holdings | 0.74% | 0.78% | 1.48% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Tricon Residential Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Tricon Residential Inc | 27.44 | 2.76 |
| Invitation Homes Inc | 24.45 | 5.51 |
| American Homes 4 Rent | 24.24 | 5.92 |
| Umh Properties Inc | 129.58 | 4.90 |
| Nexpoint Residential Trust Inc | - | 2.00 |
| Star Holdings | 6.72 | 1.09 |
| PEERS AVERAGE | 24.66 | 4.87 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.