AHR (American Healthcare REIT, Inc.) Stock Financials & Earnings | Market Cap Arena

AHR (American Healthcare REIT, Inc.) Stock Financials & Earnings | Market Cap Arena

AHRAmerican Healthcare REIT, Inc.

Mkt Cap$10B

Real Estate·REIT - Healthcare Facilities·🇺🇸 United States·NYSE

Revenue (TTM)$2.3B

Net Income (TTM)$70M

EPS (TTM)$0.41

Free Cash Flow (TTM)$225M

Gross Margin15.2%

Op. Margin7.5%

Net Margin3.1%

FCF Margin10.0%

P/S Ratio (TTM)4.4x

P/E Ratio (TTM)143.1x

YoY Rev Growth+9.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$452M	$82M	$9M
Q2 23	$461M	$89M	$24M
Q3 23	$463M	$89M	$14M
Q4 23	$483M	$98M	$29M
Q1 24	$500M	$96M	$28M
Q2 24	$505M	$102M	$32M
Q3 24	$524M	$107M	$37M
Q4 24	$543M	$112M	$40M
Q1 25	$541M	$108M	$40M
Q2 25	$543M	$116M	$46M
Q3 25	$573M	$118M	$42M
Q4 25	$604M	$846K	$40M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	5.9x	—
Q2 23	5.6x	—
Q3 23	5.5x	—
Q4 23	5.4x	—
Q1 24	5.2x	—
Q2 24	5.1x	—
Q3 24	5.0x	—
Q4 24	4.8x	—
Q1 25	4.7x	—
Q2 25	4.6x	—
Q3 25	4.5x	366.4x
Q4 25	4.4x	143.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$24M	$2M
Q2 23	$20M	-$11M
Q3 23	$29M	$7M
Q4 23	$26M	$364K
Q1 24	-$6M	-$26M
Q2 24	$59M	$41M
Q3 24	$63M	$39M
Q4 24	$60M	$30M
Q1 25	$61M	$39M
Q2 25	$71M	$45M
Q3 25	$107M	$155M
Q4 25	$55M	-$14M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$22M
Q2 23	$31M
Q3 23	$22M
Q4 23	$25M
Q1 24	$20M
Q2 24	$18M
Q3 24	$24M
Q4 24	$30M
Q1 25	$21M
Q2 25	$27M
Q3 25	$48M
Q4 25	$69M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+21.9%	+26.4%
Q2 23	+22.2%	+24.7%
Q3 23	+10.4%	+13.4%
Q4 23	+7.3%	+5.5%
Q1 24	+10.5%	+6.5%
Q2 24	+9.4%	+8.1%
Q3 24	+13.1%	+8.4%
Q4 24	+12.5%	+10.9%
Q1 25	+8.2%	+6.0%
Q2 25	+7.5%	+4.9%
Q3 25	+9.4%	+9.0%
Q4 25	+11.3%	+12.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$1M	0.2%
Q2 23	$2M	0.3%
Q3 23	$2M	0.3%
Q4 23	$1M	0.3%
Q1 24	$2M	0.4%
Q2 24	$3M	0.6%
Q3 24	$3M	0.5%
Q4 24	$2M	0.4%
Q1 25	$3M	0.5%
Q2 25	$3M	0.6%
Q3 25	$3M	0.6%
Q4 25	$5M	0.9%

OpEx Breakdown

Quarter	G&A
Q1 23	$28M
Q2 23	$26M
Q3 23	$26M
Q4 23	$24M
Q1 24	$26M
Q2 24	$25M
Q3 24	$25M
Q4 24	$25M
Q1 25	$27M
Q2 25	$28M
Q3 25	$14M

Revenue by Geography

Quarter	International	United States
Q2 24	$2M	$503M
Q3 24	$2M	$522M
Q1 25	$2M	$539M
Q2 25	$2M	$541M
Q3 25	$2M	$571M
Q4 25	—	$602M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$41M	$0	$41M
Q2 23	$48M	$0	$48M
Q3 23	$35M	$0	$35M
Q4 23	$43M	$0	$43M
Q1 24	$77M	$0	$77M
Q2 24	$52M	$0	$52M
Q3 24	$68M	$0	$68M
Q4 24	$77M	$0	$77M
Q1 25	$86M	$0	$86M
Q2 25	$133M	$0	$133M
Q3 25	$147M	$0	$147M
Q4 25	$115M	$0	$115M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	66M	-0.2%
Q2 23	66M	+0.0%
Q3 23	66M	+0.0%
Q4 23	66M	-0.0%
Q1 24	104M	+57.9%
Q2 24	131M	+25.3%
Q3 24	134M	+2.3%
Q4 24	154M	+14.9%
Q1 25	157M	+2.1%
Q2 25	161M	+2.7%
Q3 25	163M	+1.1%
Q4 25	167M	+2.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$18M	114
FY 25	$19M	121