INVH · Invitation Homes Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $734.11M | - | $688.17M | $681.40M | $674.48M | - | $660.32M | $653.45M | $646.04M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $32.32M | - | $18.44M | $23.59M | $29.52M | - | $21.73M | $21.50M | $23.45M | - |
| Total Operating Expenses | $654.71M | - | $597.21M | $579.60M | $575.79M | - | $590.75M | $565.30M | $554.38M | - |
| D&A | $193.14M | - | $188.46M | $185.46M | $183.15M | - | $180.48M | $176.62M | $175.31M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | $89.84M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $160.51M | - | $136.74M | $140.89M | $165.75M | - | $95.27M | $73.19M | $142.35M | - |
| EPS - Basic | $0.26 | - | $0.22 | $0.23 | $0.27 | - | $0.16 | $0.12 | $0.23 | - |
| EPS - Diluted | $0.26 | - | $0.22 | $0.23 | $0.27 | - | $0.15 | $0.12 | $0.23 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $114.13M | $129.97M | $155.37M | $65.11M | $84.39M | $174.49M | $1.03B | $749.40M | $738.13M | $700.62M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $18.70B | $18.68B | $18.78B | $18.66B | $18.58B | $18.70B | $19.63B | $19.24B | $19.21B | $19.22B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $8.80B | $8.38B | $8.23B | $8.17B | $8.10B | $8.20B | $9.01B | $8.54B | $8.54B | $8.55B |
| Total Liabilities | $9.57B | $9.11B | $9.12B | $8.96B | $8.82B | $8.91B | $9.68B | $9.17B | $9.04B | $9.03B |
| Stockholders' Equity | $9.09B | $9.53B | $9.63B | $9.67B | $9.72B | $9.76B | $9.92B | $10.03B | $10.13B | $10.16B |
| Retained Earnings | ($1.63B) | ($1.61B) | ($1.57B) | ($1.53B) | ($1.49B) | ($1.48B) | ($1.28B) | ($1.20B) | ($1.10B) | ($1.07B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $293.05M | - | - | - | $300.52M | - | - | - | $265.58M | - |
| Investing Cash Flow | ($52.28M) | - | - | - | ($114.22M) | - | - | - | ($24.90M) | - |
| Financing Cash Flow | ($222.65M) | - | - | - | ($287.36M) | - | - | - | ($190.77M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 21.9% | - | 19.9% | 20.7% | 24.6% | - | 14.4% | 11.2% | 22.0% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 4.4% | - | 2.7% | 3.5% | 4.4% | - | 3.3% | 3.3% | 3.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.9% | - | 0.7% | 0.8% | 0.9% | - | 0.5% | 0.4% | 0.7% | - |
| Return on equity | 1.8% | - | 1.4% | 1.5% | 1.7% | - | 1.0% | 0.7% | 1.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.97 | 0.88 | 0.86 | 0.85 | 0.83 | 0.84 | 0.91 | 0.85 | 0.84 | 0.84 |
| Debt / Assets | 0.47 | 0.45 | 0.44 | 0.44 | 0.44 | 0.44 | 0.46 | 0.44 | 0.44 | 0.44 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.06 | 1.96 | 1.95 | 1.93 | 1.91 | 1.92 | 1.98 | 1.92 | 1.90 | 1.89 |
| Liabilities / Assets | 0.51 | 0.49 | 0.49 | 0.48 | 0.47 | 0.48 | 0.49 | 0.48 | 0.47 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.04 | 0.04 | 0.04 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 95.6x | - | 133.3x | 142.6x | 129.1x | - | 235.1x | 299.1x | 154.8x | - |
| P / B | 1.7x | - | 1.9x | 2.1x | 2.2x | - | 2.2x | 2.2x | 2.2x | - |
| P / S | 20.5x | - | 26.1x | 29.5x | 31.7x | - | 32.8x | 33.7x | 33.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.8% | - | 4.2% | 4.3% | 4.4% | - | 6.9% | 8.8% | 9.5% | - |
| Revenue CAGR (3y) | 7.6% | - | 6.6% | 6.9% | 8.2% | - | 9.0% | 13.3% | 12.8% | - |
| Revenue CAGR (5y) | 10.3% | - | - | - | - | - | - | - | 87.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -3.2% | - | 43.5% | 92.5% | 16.4% | - | -27.7% | -46.9% | 18.4% | - |
| EPS growth (YoY) | -3.7% | - | 46.7% | 91.7% | 17.4% | - | -28.6% | -45.5% | 15.0% | - |
| EPS CAGR (3y) | 9.1% | - | 19.2% | 8.5% | 21.6% | - | 7.7% | 2.9% | 32.0% | - |
| EPS CAGR (5y) | 21.1% | - | 29.7% | 23.5% | 24.6% | - | 20.1% | 11.4% | 41.9% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -6.5% | -2.3% | -2.9% | -3.6% | -4.1% | -3.9% | -3.1% | -2.1% | -0.8% | -1.3% |
Peer comparison
Same SIC group: Real Estate Operators (No Developers) & Lessors
Comparing Invitation Homes Inc. against the 3 most active filers in the same SIC group.
Dividends
$1.18/share trailing 12 months · +3.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 26, 2026 | $0.3000 |
| Dec 23, 2025 | $0.3000 |
| Sep 25, 2025 | $0.2900 |
| Jun 26, 2025 | $0.2900 |
| Mar 27, 2025 | $0.2900 |
| Dec 26, 2024 | $0.2900 |
| Sep 26, 2024 | $0.2800 |
| Jun 27, 2024 | $0.2800 |
| Mar 27, 2024 | $0.2800 |
| Dec 26, 2023 | $0.2800 |
| Nov 6, 2023 | $0.2600 |
| Aug 7, 2023 | $0.2600 |
| May 9, 2023 | $0.2600 |
| Feb 13, 2023 | $0.2600 |
| Nov 7, 2022 | $0.2200 |
| Aug 8, 2022 | $0.2200 |
| May 9, 2022 | $0.2200 |
| Feb 11, 2022 | $0.2200 |
| Nov 8, 2021 | $0.1700 |
| Aug 9, 2021 | $0.1700 |
| May 10, 2021 | $0.1700 |
| Feb 9, 2021 | $0.1700 |
| Nov 9, 2020 | $0.1500 |
| Aug 11, 2020 | $0.1500 |