The invention discloses a foam concrete, which comprises admixture, cementing material and chemical auxiliary agent, wherein the weight percentage of the admixture in the foam concrete is 25-40%, the weight percentage of the cementing material in the foam concrete is 45-75%, the weight percentage of the chemical auxiliary agent in the foam concrete is 5-25%, the cementing material comprises cement clinker, calcium oxide and bone gelatin powder, and the mass ratio of the three ingredients in the cementing material is 2: 2: 1. The invention further discloses a preparation method of the foam concrete. The preparation method comprises the following steps: foam technology, slurry processing, chemical auxiliary agent processing, mixing, shaping and curing. The foam concrete has the advantages that the cementing material is made of cement clinker, calcium oxide and bone gelatin powder and the use of a great amount of cement is avoided, so that the coal resources required for producing cement is reduced, which not only relieves the tension of energy utilization, but also can improve the compressive strength, leakage resistance, sound insulation effect of the foam concrete.