American Homes 4 Rent (AMH) Cost of Revenue (2015 - 2025)
American Homes 4 Rent's quarterly Cost of Revenue came in at -$389.9 million in Q4 2025, down 348.92% year-on-year from $156.6 million in Q4 2024, and down 681.65% quarter-over-quarter from $67.0 million in Q3 2025.
American Homes 4 Rent has reported Cost of Revenue for 11 years, with the latest figure at -$389.9 million in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue fell 348.92% year-over-year to -$389.9 million; the trailing twelve-month figure through Dec 2025 stood at -$203.0 million (down 147.7% YoY), and the FY2025 full-year result was $119.3 million, down 52.74% from the prior year.
- Cost of Revenue for Q4 2025 stood at -$389.9 million, down from $67.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $172.0 million in Q3 2024, with the low at -$389.9 million in Q4 2025.
- Average Cost of Revenue over 5 years is $46.4 million, with a median of $65.8 million recorded in 2024.
- Year-over-year, Cost of Revenue surged 464.91% in 2023 and sank 348.92% in 2025.
- Tracing AMH's Cost of Revenue over 5 years: stood at -$273.1 million in 2021, then jumped by 110.31% to $28.2 million in 2022, then surged by 422.69% to $147.2 million in 2023, then increased by 6.44% to $156.6 million in 2024, then slumped by 348.92% to -$389.9 million in 2025.
- The last three Cost of Revenue figures came in at -$389.9 million (Q4 2025), $67.0 million (Q3 2025), and $31.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | - |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | - |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 39.13 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 16.70 Mn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 18.51 Mn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | -389.92 Mn |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 9.42 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 3.84 Mn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | - |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -389.92 Mn |
| Dec 31, 2025 | -389.92 Mn |
| Sep 30, 2025 | 67.04 Mn |
| Sep 30, 2025 | 67.04 Mn |
| Jun 30, 2025 | 31.02 Mn |
| Jun 30, 2025 | 31.02 Mn |
| Mar 31, 2025 | 88.85 Mn |
| Mar 31, 2025 | 88.85 Mn |
| Dec 31, 2024 | 156.65 Mn |
| Dec 31, 2024 | 156.65 Mn |
| Sep 30, 2024 | 172.03 Mn |
| Sep 30, 2024 | 172.03 Mn |
| Jun 30, 2024 | 32.38 Mn |
| Jun 30, 2024 | 32.38 Mn |
| Mar 31, 2024 | 64.59 Mn |
| Mar 31, 2024 | 64.59 Mn |
| Dec 31, 2023 | 147.17 Mn |
| Dec 31, 2023 | 147.17 Mn |
| Sep 30, 2023 | 30.79 Mn |
| Sep 30, 2023 | 30.79 Mn |
| Jun 30, 2023 | 142.55 Mn |
| Jun 30, 2023 | 142.55 Mn |
| Mar 31, 2023 | 147.07 Mn |
| Mar 31, 2023 | 147.07 Mn |
| Dec 31, 2022 | 28.16 Mn |
| Dec 31, 2022 | 28.16 Mn |
| Sep 30, 2022 | 152.07 Mn |
| Sep 30, 2022 | 152.07 Mn |
| Jun 30, 2022 | 28.77 Mn |
| Jun 30, 2022 | 28.77 Mn |
| Mar 31, 2022 | 26.03 Mn |
| Mar 31, 2022 | 26.03 Mn |
| Dec 31, 2021 | -273.10 Mn |
| Dec 31, 2021 | -273.10 Mn |
| Sep 30, 2021 | 134.69 Mn |
| Sep 30, 2021 | 134.69 Mn |
| Jun 30, 2021 | 116.58 Mn |
| Jun 30, 2021 | 116.58 Mn |
| Mar 31, 2021 | 23.70 Mn |
| Mar 31, 2021 | 23.70 Mn |
| Dec 31, 2020 | 382.76 Mn |
| Dec 31, 2020 | 382.76 Mn |
| Sep 30, 2020 | 126.17 Mn |
| Sep 30, 2020 | 126.17 Mn |
| Jun 30, 2020 | 110.44 Mn |
| Jun 30, 2020 | 110.44 Mn |
| Mar 31, 2020 | 23.28 Mn |
| Mar 31, 2020 | 23.28 Mn |
| Dec 31, 2019 | -244.16 Mn |
| Dec 31, 2019 | -244.16 Mn |
| Sep 30, 2019 | 22.73 Mn |
| Sep 30, 2019 | 22.73 Mn |
| Jun 30, 2019 | 104.59 Mn |
| Jun 30, 2019 | 104.59 Mn |
| Mar 31, 2019 | 20.71 Mn |
| Mar 31, 2019 | 20.71 Mn |
| Dec 31, 2018 | 356.44 Mn |
| Dec 31, 2018 | 356.44 Mn |
| Sep 30, 2018 | 113.60 Mn |
| Sep 30, 2018 | 113.60 Mn |
| Jun 30, 2018 | 98.84 Mn |
| Jun 30, 2018 | 98.84 Mn |
| Mar 31, 2018 | 18.99 Mn |
| Mar 31, 2018 | 18.99 Mn |
| Dec 31, 2017 | 69.71 Mn |
| Dec 31, 2017 | 69.71 Mn |
| Sep 30, 2017 | 17.44 Mn |
| Sep 30, 2017 | 17.44 Mn |
| Dec 31, 2016 | 310.83 Mn |
| Dec 31, 2016 | 310.83 Mn |
| Sep 30, 2016 | 3.14 Mn |
| Sep 30, 2016 | 3.14 Mn |
| Jun 30, 2016 | 2.09 Mn |
| Jun 30, 2016 | 2.09 Mn |
| Mar 31, 2016 | 1.25 Mn |
| Mar 31, 2016 | 1.25 Mn |
| Sep 30, 2015 | 1.15 Mn |
| Sep 30, 2015 | 1.15 Mn |
| Jun 30, 2015 | 840,000.00 |
| Jun 30, 2015 | 840,000.00 |
| Mar 31, 2015 | 694,000.00 |
| Mar 31, 2015 | 694,000.00 |