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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.73B | $2.62B | $2.43B | $2.24B | $1.82B | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $95.25M | $90.61M | $82.34M | $74.03M | $75.81M | $63.30M |
| Total Operating Expenses | $2.34B | $2.33B | $2.07B | $1.92B | $1.78B | $1.71B |
| D&A | $746.93M | $714.33M | $674.29M | $638.11M | $592.13M | $552.53M |
| Operating Income | - | - | - | - | - | - |
| Interest Expense | - | - | $333.46M | $304.09M | $322.66M | $353.92M |
| Income Tax | - | - | $253.0K | $150.0K | $551.0K | $870.0K |
| Net Income | $587.92M | $453.92M | $519.47M | $383.33M | $261.43M | $196.21M |
| EPS - Basic | $0.96 | $0.74 | $0.85 | $0.63 | $0.45 | $0.35 |
| EPS - Diluted | $0.96 | $0.74 | $0.85 | $0.63 | $0.45 | $0.35 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $129.97M | $174.49M | $700.62M | $262.87M | $610.17M | $213.42M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $18.68B | $18.70B | $19.22B | $18.54B | $18.54B | $17.51B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $8.38B | $8.20B | $8.55B | $7.77B | $8.00B | $8.03B |
| Total Liabilities | $9.11B | $8.91B | $9.03B | $8.21B | $8.70B | $8.95B |
| Stockholders' Equity | $9.53B | $9.76B | $10.16B | $10.29B | $9.80B | $8.50B |
| Retained Earnings | ($1.61B) | ($1.48B) | ($1.07B) | ($951.22M) | ($794.87M) | ($661.16M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.21B | $1.08B | $1.11B | $1.02B | $907.66M | $696.71M |
| Investing Cash Flow | ($652.57M) | ($465.87M) | ($773.55M) | ($814.41M) | ($1.16B) | ($425.16M) |
| Financing Cash Flow | ($618.49M) | ($1.09B) | $110.02M | ($574.11M) | $658.99M | ($146.03M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 21.5% | 17.3% | 21.4% | 17.1% | 14.3% | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.5% | 3.5% | 3.4% | 3.3% | 4.2% | - |
| Effective tax rate | - | - | 0.0% | 0.0% | 0.2% | 0.4% |
| Return on assets | 3.1% | 2.4% | 2.7% | 2.1% | 1.4% | 1.1% |
| Return on equity | 6.2% | 4.7% | 5.1% | 3.7% | 2.7% | 2.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.88 | 0.84 | 0.84 | 0.75 | 0.82 | 0.94 |
| Debt / Assets | 0.45 | 0.44 | 0.44 | 0.42 | 0.43 | 0.46 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.96 | 1.92 | 1.89 | 1.80 | 1.89 | 2.06 |
| Liabilities / Assets | 0.49 | 0.48 | 0.47 | 0.44 | 0.47 | 0.51 |
| Efficiency | ||||||
| Asset turnover | 0.15 | 0.14 | 0.13 | 0.12 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 28.9x | 43.2x | 40.1x | 47.0x | 100.8x | 84.9x |
| P / B | 1.8x | 2.0x | 2.1x | 1.8x | 2.7x | 1.9x |
| P / S | 6.2x | 7.5x | 8.6x | 8.1x | 14.4x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 4.2% | 7.7% | 8.7% | 22.8% | - | - |
| Revenue CAGR (3y) | 6.8% | 12.8% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | 29.5% | -12.6% | 35.5% | 46.6% | 33.2% | 34.9% |
| EPS growth (YoY) | 29.7% | -12.9% | 34.9% | 40.0% | 28.6% | 29.6% |
| EPS CAGR (3y) | 15.1% | 18.0% | 34.4% | 32.6% | - | - |
| EPS CAGR (5y) | 22.4% | 22.3% | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -2.3% | -3.9% | -1.3% | 5.0% | 15.2% | 3.5% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |