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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.
Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $10.9M, roughly 1.7× Angel Oak Mortgage REIT, Inc.). Angel Oak Mortgage REIT, Inc. runs the higher net margin — 103.9% vs -50.1%, a 154.0% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (36.9% vs 10.4%). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs 12.7%).
Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.
Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.
AOMR vs BHM — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $10.9M | $18.9M |
| Net Profit | $11.3M | $-9.5M |
| Gross Margin | — | — |
| Operating Margin | — | -48.8% |
| Net Margin | 103.9% | -50.1% |
| Revenue YoY | 10.4% | 36.9% |
| Net Profit YoY | 175.2% | -29.9% |
| EPS (diluted) | $0.44 | $-0.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $10.9M | $18.9M | ||
| Q3 25 | $10.2M | $16.6M | ||
| Q2 25 | $9.9M | $16.8M | ||
| Q1 25 | $10.1M | $16.4M | ||
| Q4 24 | $9.9M | $13.8M | ||
| Q3 24 | $9.0M | $12.7M | ||
| Q2 24 | $9.5M | $12.5M | ||
| Q1 24 | $8.6M | $11.2M |
| Q4 25 | $11.3M | $-9.5M | ||
| Q3 25 | $11.4M | $-10.0M | ||
| Q2 25 | $767.0K | $-5.8M | ||
| Q1 25 | $20.5M | $-7.3M | ||
| Q4 24 | $-15.1M | $-7.3M | ||
| Q3 24 | $31.2M | $3.5M | ||
| Q2 24 | $-273.0K | $-5.2M | ||
| Q1 24 | $12.9M | $-3.2M |
| Q4 25 | — | -48.8% | ||
| Q3 25 | — | -57.6% | ||
| Q2 25 | 7.7% | -30.9% | ||
| Q1 25 | — | -42.6% | ||
| Q4 24 | -152.6% | -52.8% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | -1.4% | -41.3% | ||
| Q1 24 | — | -28.4% |
| Q4 25 | 103.9% | -50.1% | ||
| Q3 25 | 112.1% | -60.0% | ||
| Q2 25 | 7.7% | -34.7% | ||
| Q1 25 | 203.5% | -44.7% | ||
| Q4 24 | -152.6% | -52.8% | ||
| Q3 24 | 345.9% | 27.9% | ||
| Q2 24 | -2.9% | -41.3% | ||
| Q1 24 | 150.1% | -28.4% |
| Q4 25 | $0.44 | $-0.75 | ||
| Q3 25 | $0.46 | $-0.94 | ||
| Q2 25 | $0.03 | $-0.66 | ||
| Q1 25 | $0.87 | $-0.67 | ||
| Q4 24 | $-0.62 | $-0.65 | ||
| Q3 24 | $1.29 | $0.24 | ||
| Q2 24 | $-0.01 | $-0.42 | ||
| Q1 24 | $0.51 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.6M | $169.6M |
| Total DebtLower is stronger | $2.3B | $428.4M |
| Stockholders' EquityBook value | $267.5M | $128.7M |
| Total Assets | $2.7B | $1.2B |
| Debt / EquityLower = less leverage | 8.51× | 3.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.6M | $169.6M | ||
| Q3 25 | $51.6M | $2.1M | ||
| Q2 25 | $40.5M | $4.2M | ||
| Q1 25 | $38.7M | $3.0M | ||
| Q4 24 | $40.8M | $115.2M | ||
| Q3 24 | $42.1M | $155.1M | ||
| Q2 24 | $44.0M | $116.0M | ||
| Q1 24 | $39.4M | $92.3M |
| Q4 25 | $2.3B | $428.4M | ||
| Q3 25 | $2.2B | $415.9M | ||
| Q2 25 | — | $338.6M | ||
| Q1 25 | — | $336.5M | ||
| Q4 24 | $1.8B | $373.8M | ||
| Q3 24 | — | $122.5M | ||
| Q2 24 | — | $119.7M | ||
| Q1 24 | — | $120.2M |
| Q4 25 | $267.5M | $128.7M | ||
| Q3 25 | $264.2M | $131.7M | ||
| Q2 25 | $246.4M | $135.3M | ||
| Q1 25 | $251.5M | $137.1M | ||
| Q4 24 | $239.0M | $139.1M | ||
| Q3 24 | $265.1M | $142.9M | ||
| Q2 24 | $255.8M | $142.5M | ||
| Q1 24 | $263.3M | $144.5M |
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.6B | $222.1M | ||
| Q2 25 | $2.6B | $220.3M | ||
| Q1 25 | $2.7B | $186.2M | ||
| Q4 24 | $2.3B | $967.0M | ||
| Q3 24 | $2.3B | $800.8M | ||
| Q2 24 | $2.1B | $756.2M | ||
| Q1 24 | $2.3B | $727.4M |
| Q4 25 | 8.51× | 3.33× | ||
| Q3 25 | 8.37× | 3.16× | ||
| Q2 25 | — | 2.50× | ||
| Q1 25 | — | 2.45× | ||
| Q4 24 | 7.62× | 2.69× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.83× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.5M | $-491.0K |
| Free Cash FlowOCF − Capex | — | $-4.2M |
| FCF MarginFCF / Revenue | — | -22.1% |
| Capex IntensityCapex / Revenue | — | 19.6% |
| Cash ConversionOCF / Net Profit | -4.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-52.5M | $-491.0K | ||
| Q3 25 | $-173.4M | $13.4M | ||
| Q2 25 | $20.6M | $13.9M | ||
| Q1 25 | $-201.7M | $951.0K | ||
| Q4 24 | $-25.1M | $5.0M | ||
| Q3 24 | $-212.4M | $1.7M | ||
| Q2 24 | $-24.2M | $1.3M | ||
| Q1 24 | $40.2M | $1.1M |
| Q4 25 | — | $-4.2M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $8.8M | ||
| Q1 25 | — | $-2.9M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $-601.0K | ||
| Q2 24 | — | $-654.0K | ||
| Q1 24 | — | $-630.0K |
| Q4 25 | — | -22.1% | ||
| Q3 25 | — | 52.4% | ||
| Q2 25 | — | 52.2% | ||
| Q1 25 | — | -17.6% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | -4.7% | ||
| Q2 24 | — | -5.2% | ||
| Q1 24 | — | -5.6% |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 28.5% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 15.3% | ||
| Q1 24 | — | 15.5% |
| Q4 25 | -4.64× | — | ||
| Q3 25 | -15.19× | — | ||
| Q2 25 | 26.92× | — | ||
| Q1 25 | -9.83× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.81× | 0.47× | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOMR
Segment breakdown not available.
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
