diff --git a/changelogs/fragments/54101-backport-51034-foreman-inventory.yaml b/changelogs/fragments/54101-backport-51034-foreman-inventory.yaml
new file mode 100644
index 00000000000..f793dd631da
--- /dev/null
+++ b/changelogs/fragments/54101-backport-51034-foreman-inventory.yaml
@@ -0,0 +1,2 @@
+bugfixes:
+  - foreman - fix Foreman returning host parameters
diff --git a/lib/ansible/plugins/inventory/foreman.py b/lib/ansible/plugins/inventory/foreman.py
index e5c0685d125..24123a4f27b 100644
--- a/lib/ansible/plugins/inventory/foreman.py
+++ b/lib/ansible/plugins/inventory/foreman.py
@@ -166,8 +166,8 @@ class InventoryModule(BaseInventoryPlugin, Cacheable):
         url = "%s/api/v2/hosts/%s" % (self.foreman_url, hid)
         ret = self._get_json(url, [404])
         if not ret or not isinstance(ret, MutableMapping) or not ret.get('all_parameters', False):
-            ret = {'all_parameters': [{}]}
-        return ret.get('all_parameters')[0]
+            return {}
+        return ret.get('all_parameters')
 
     def _get_facts_by_id(self, hid):
         url = "%s/api/v2/hosts/%s/facts" % (self.foreman_url, hid)
@@ -220,11 +220,11 @@ class InventoryModule(BaseInventoryPlugin, Cacheable):
 
                 # set host vars from params
                 if self.get_option('want_params'):
-                    for k, v in self._get_all_params_by_id(host['id']).items():
+                    for p in self._get_all_params_by_id(host['id']):
                         try:
-                            self.inventory.set_variable(host['name'], k, v)
+                            self.inventory.set_variable(host['name'], p['name'], p['value'])
                         except ValueError as e:
-                            self.display.warning("Could not set parameter hostvar for %s, skipping %s: %s" % (host, k, to_native(e)))
+                            self.display.warning("Could not set parameter hostvar for %s, skipping %s: %s" % (host, p['name'], to_native(p['value'])))
 
                 # set host vars from facts
                 if self.get_option('want_facts'):