American Homes 4 Rent (AMH) Cost of Revenue (2015 - 2026)

American Homes 4 Rent's (AMH) quarterly Cost of Revenue came in at $25.6 million in Q1 2026, down 71.2% year-on-year from $88.8 million in Q1 2025, and down 96.02% quarter-over-quarter from $642.5 million in Q4 2025.

American Homes 4 Rent (AMH) Cost of Revenue (2015 - 2026) Analysis & Trends

American Homes 4 Rent's Cost of Revenue history runs 12 years deep, the most recent figure standing at $25.6 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue fell 71.2% year-over-year to $25.6 million in Q1 2026; TTM through Mar 2026 was $1.0 billion, a 528.83% increase from a year earlier, with the FY2025 full-year figure at $664.0 million, up 2367.22% from the prior year.
  • Cost of Revenue retreated to $25.6 million in Q1 2026 per AMH's latest filing, from $642.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $642.5 million in Q4 2025 and bottomed at -$450.5 million in Q4 2024.
  • The 5-year median for Cost of Revenue is $97.0 million (2024), against an average of $78.6 million.
  • Across the five-year window, Cost of Revenue soared 519.11% in 2022 and sank 1486.15% in 2023, its largest moves.
  • Year by year, Cost of Revenue stood at $15.7 million in 2022, then sank by 1486.15% to -$217.2 million in 2023, then slumped by 107.39% to -$450.5 million in 2024, then soared by 242.61% to $642.5 million in 2025, then plunged by 96.02% to $25.6 million in 2026.
  • Per Business Quant, the three latest AMH Cost of Revenue figures stand at $25.6 million (Q1 2026), $642.5 million (Q4 2025), and $181.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Avalonbay Communities 26.28 Bn 26.28 Bn - -
2 Equity Residential 25.58 Bn 25.58 Bn - -
3 Invitation Homes 17.96 Bn 17.96 Bn 694.98 Mn 39.13 Mn
4 Mid America Apartment Communities 15.60 Bn 15.46 Bn 537.05 Mn 18.51 Mn
5 Sun Communities 14.85 Bn 14.85 Bn 491.20 Mn 16.70 Mn
6 Udr 12.92 Bn 12.88 Bn 416.43 Mn 9.42 Mn
7 Equity Lifestyle Properties 12.65 Bn 12.65 Bn 378.95 Mn 18.67 Mn
8 American Homes 4 Rent 12.18 Bn 12.18 Bn - 25.59 Mn
9 Camden Property Trust 11.83 Bn 11.83 Bn - -
10 Millrose Properties 4.72 Bn 4.67 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 25.59 Mn
Mar 31, 2026 25.59 Mn
Dec 31, 2025 642.48 Mn
Dec 31, 2025 642.48 Mn
Sep 30, 2025 181.60 Mn
Sep 30, 2025 181.60 Mn
Jun 30, 2025 160.09 Mn
Jun 30, 2025 160.09 Mn
Mar 31, 2025 88.85 Mn
Mar 31, 2025 88.85 Mn
Dec 31, 2024 -450.52 Mn
Dec 31, 2024 -450.52 Mn
Sep 30, 2024 97.04 Mn
Sep 30, 2024 97.04 Mn
Jun 30, 2024 29.17 Mn
Jun 30, 2024 29.17 Mn
Mar 31, 2024 28.02 Mn
Mar 31, 2024 28.02 Mn
Dec 31, 2023 -217.24 Mn
Dec 31, 2023 -217.24 Mn