A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the INVH SEC filings page.
Invitation Homes Inc. (INVH) reported $2.9B in revenue over the twelve months to Jun 30, 2026, up 6.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Invitation Homes turns operating revenue into cash, while higher obligations and distributions gradually reduce the balance-sheet cushion.
The FY2025 margin recovery to21.5% arrived alongside$1.2B of operating cash flow, linking the profit rebound to cash rather than an accounting-only improvement. That alignment matters because depreciation is substantial in this asset-heavy model, so net income alone understates the cash produced by operations.
Total assets remained around
Operating cash flow of
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Invitation Homes Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Invitation Homes Inc. scores 64/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Invitation Homes Inc. scores 51/100 on it among other REITs.
Not available for Invitation Homes Inc., and counted as zero in the overall score.
Not available for Invitation Homes Inc., and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Invitation Homes Inc. scores 68/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Invitation Homes Inc. scores 59/100 on it among other REITs.
Invitation Homes Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Invitation Homes Inc. generates $2.05 in operating cash flow ($1.2B OCF vs $587.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Invitation Homes Inc. generated $747.5M in revenue in Q2 2026. This represents an increase of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 1.8%.
Invitation Homes Inc. reported $218.8M in net income in Q2 2026. This represents an increase of 55.3% from the same quarter a year earlier. Against the prior quarter it is up 36.3%.
Invitation Homes Inc. earned $0.37 per diluted share (EPS) in Q2 2026. This represents an increase of 60.9% from the same quarter a year earlier. Against the prior quarter it is up 42.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
Invitation Homes Inc. held $75.8M in cash against $8.5B in long-term debt as of Q2 2026.
Invitation Homes Inc. paid $0.30 per share in dividends in Q2 2026. This represents an increase of 3.4% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Invitation Homes Inc.'s net profit margin was 29.3% in Q2 2026, showing the share of revenue converted to profit. This is up 8.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.4 percentage points.
Invitation Homes Inc.'s ROE was 2.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Invitation Homes Inc. spent $100.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 77.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
INVH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $747.5M+9.7% | $734.1M+8.8% | $685.3M+4.0% | $688.2M+4.2% | $681.4M+4.3% | $674.5M+4.4% | $659.1M+5.6% | $660.3M+6.9% |
| SG&A Expenses | $29.3M+24.3% | $32.3M+9.5% | $23.7M-1.0% | $18.4M-15.1% | $23.6M+9.7% | $29.5M+25.9% | $23.9M+6.9% | $21.7M-4.3% |
| Interest Expense | $94.0M+7.5% | $95.3M+13.1% | $90.9M-4.5% | $90.8M-0.3% | $87.4M-2.9% | $84.3M-6.2% | $95.2M+5.7% | $91.1M+5.0% |
| Net Income | $218.8M+55.3% | $160.5M-3.2% | $144.6M+1.0% | $136.7M+43.5% | $140.9M+92.5% | $165.7M+16.4% | $143.1M+10.5% | $95.3M-27.7% |
| EPS (Basic) | $0.37+60.9% | $0.26-3.7% | $0.24+4.3% | $0.22+37.5% | $0.23+91.7% | $0.27+17.4% | $0.23+9.5% | $0.16-27.3% |
| EPS (Diluted) | $0.37+60.9% | $0.26-3.7% | $0.24+4.3% | $0.22+46.7% | $0.23+91.7% | $0.27+17.4% | $0.23+9.5% | $0.15-28.6% |
| Diluted Shares (Avg) | 592M-3.4% | 606M-1.2% | N/A | 613M-0.1% | 613M-0.1% | 613M-0.1% | N/A | 614M0.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
INVH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.4B-1.1% | $18.7B+0.7% | $18.7B-0.1% | $18.8B-4.3% | $18.7B-3.0% | $18.6B-3.3% | $18.7B-2.7% | $19.6B+0.9% |
| Cash & Equivalents | $75.8M+16.4% | $114.1M+35.2% | $130.0M-25.5% | $155.4M-84.9% | $65.1M-91.3% | $84.4M-88.6% | $174.5M-75.1% | $1.0B+34.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $314.2M+21.7% | $314.2M+21.7% | $258.2M0.0% | $258.2M0.0% | $258.2M0.0% | $258.2M0.0% | $258.2M0.0% | $258.2M0.0% |
| Total Liabilities | $9.4B+4.5% | $9.6B+8.5% | $9.1B+2.3% | $9.1B-5.8% | $9.0B-2.4% | $8.8B-2.4% | $8.9B-1.4% | $9.7B+5.3% |
| Long-Term Debt | $8.5B+4.3% | $8.8B+8.6% | $8.4B+2.2% | $8.2B-8.6% | $8.2B-4.3% | $8.1B-5.2% | $8.2B-4.0% | $9.0B+5.4% |
| Total Equity | $9.1B-6.3% | $9.1B-6.5% | $9.5B-2.3% | $9.6B-2.9% | $9.7B-3.6% | $9.7B-4.1% | $9.8B-3.9% | $9.9B-3.1% |
| Retained Earnings | -$1.6B-3.8% | -$1.6B-9.1% | -$1.6B-8.8% | -$1.6B-23.2% | -$1.5B-27.8% | -$1.5B-35.8% | -$1.5B-38.3% | -$1.3B-22.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
INVH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $383.6M+0.3% | $293.0M-2.5% | $128.7M-3.1% | $394.6M+25.8% | $382.5M+3.4% | $300.5M+13.2% | $132.8M+51.7% | $313.6M-25.5% |
| Depreciation & Amortization | $198.7M+6.2% | $197.1M+6.7% | $191.1M+4.5% | $189.6M+4.3% | $187.1M+5.4% | $184.8M+4.8% | $182.8M+5.1% | $181.8M+6.0% |
| Stock-Based Compensation | $9.3M+10.4% | $10.7M+5.3% | N/A | $1.9M-64.6% | $8.5M+13.0% | $10.2M+28.6% | N/A | $5.4M-39.3% |
| Investing Cash Flow | $133.4M+144.1% | -$52.3M+54.2% | -$81.6M-404.1% | -$154.1M+47.3% | -$302.7M-72.7% | -$114.2M-358.8% | $26.8M+778.1% | -$292.5M+56.8% |
| Financing Cash Flow | -$562.7M-390.7% | -$222.6M+22.5% | -$87.9M+91.1% | -$128.6M-149.2% | -$114.7M+35.8% | -$287.4M-50.6% | -$985.4M-493.6% | $261.2M-57.7% |
| Dividends Paid | $179.3M+0.8% | $184.5M+3.5% | $178.0M+3.8% | $178.0M+3.3% | $178.0M+3.6% | $178.2M+2.9% | $171.5M+6.9% | $172.4M+7.4% |
| Share Buybacks | $100.1M | $447.2M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
INVH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 29.3%+8.6pp | 21.9%-2.7pp | 21.1%-0.6pp | 19.9%+5.4pp | 20.7%+9.5pp | 24.6%+2.5pp | 21.7%+1.0pp | 14.4%-6.9pp |
| Return on Equity | 2.4%+1.0pp | 1.8%+0.1pp | 1.5%+0.1pp | 1.4%+0.5pp | 1.5%+0.7pp | 1.7%+0.3pp | 1.5%+0.2pp | 1.0%-0.3pp |
| Return on Assets | 1.2%+0.4pp | 0.9%0.0pp | 0.8%0.0pp | 0.7%+0.2pp | 0.8%+0.4pp | 0.9%+0.1pp | 0.8%+0.1pp | 0.5%-0.2pp |
| Debt-to-Equity | 0.94+0.1x | 0.97+0.1x | 0.880.0x | 0.85-0.1x | 0.850.0x | 0.830.0x | 0.840.0x | 0.91+0.1x |
| Asset Turnover | 0.040.0x | 0.040.0x | 0.040.0x | 0.040.0x | 0.040.0x | 0.040.0x | 0.040.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Invitation Homes Inc. INVH | FY2025 | $2.7B | $587.9M | 21.5% | $15.8B | 40/100 |
| Essex Property Trust, Inc ESS | FY2025 | $1.9B | $702.8M | 37.2% | $17.5B | 57/100 |
| Mid-America Apartment Communities, Inc. MAA | FY2025 | $2.2B | $446.9M | 20.2% | $13.6B | 41/100 |
| Sun Communities, Inc SUI | FY2025 | $2.3B | $1.4B | 61.3% | $13.9B | 42/100 |
| AMERICAN HOMES 4 RENT AMH | FY2025 | N/A | $513.4M | N/A | $11.1B | — |
| AvalonBay Communities, Inc. AVB | FY2025 | $3.0B | $1.1B | 34.8% | $26.3B | 65/100 |
Where Invitation Homes Inc. Ranks
Frequently Asked Questions
What is Invitation Homes Inc.'s annual revenue?
Invitation Homes Inc. (INVH) reported $2.7B in total revenue for fiscal year 2025. This represents a 4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Invitation Homes Inc.'s revenue growing?
Invitation Homes Inc. (INVH) revenue grew by 4.2% year-over-year, from $2.6B to $2.7B in fiscal year 2025.
Is Invitation Homes Inc. profitable?
Yes, Invitation Homes Inc. (INVH) reported a net income of $587.9M in fiscal year 2025, with a net profit margin of 21.5%.
How much debt does Invitation Homes Inc. have?
As of fiscal year 2025, Invitation Homes Inc. (INVH) had $130.0M in cash and equivalents against $8.4B in long-term debt.
What is Invitation Homes Inc.'s net profit margin?
Invitation Homes Inc. (INVH) had a net profit margin of 21.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Invitation Homes Inc. pay dividends?
Yes, Invitation Homes Inc. (INVH) paid $1.17 per share in dividends during fiscal year 2025.
What is Invitation Homes Inc.'s return on equity (ROE)?
Invitation Homes Inc. (INVH) has a return on equity of 6.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Invitation Homes Inc.'s operating cash flow?
Invitation Homes Inc. (INVH) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Invitation Homes Inc.'s total assets?
Invitation Homes Inc. (INVH) had $18.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invitation Homes Inc.'s debt-to-equity ratio?
Invitation Homes Inc. (INVH) had a debt-to-equity ratio of 0.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Invitation Homes Inc.'s return on assets (ROA)?
Invitation Homes Inc. (INVH) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Invitation Homes Inc.'s P/E ratio?
Invitation Homes Inc. (INVH) trades at 24.0x earnings, its market capitalization divided by net income of $660.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $15.8B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Invitation Homes Inc.'s price-to-sales ratio?
Invitation Homes Inc. (INVH) trades at 5.5x sales, its market capitalization divided by revenue of $2.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $15.8B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Invitation Homes Inc.'s Piotroski F-Score?
Invitation Homes Inc. (INVH) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Invitation Homes Inc.'s earnings high quality?
Invitation Homes Inc. (INVH) has an earnings quality ratio of 2.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Invitation Homes Inc.?
Invitation Homes Inc. (INVH) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.