Saturday 17 October 2026 Export INVH’s income statement to Excel — free account

Invitation Home

Invitation Home’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 4.21% from fiscal 2024. In the quarter to June 2026, revenue grew 9.71%, EPS grew 60.9%, free cash flow grew 42.0% and total debt fell 15.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.

27.07 0.27 +1.01%

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Market cap: $15.8B
P/E: 24.8×
Fwd P/E: 39.7×
Dividend yield: 4.43%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.20%

Capital & Financial Ratios $m

Market Cap 15,830.00

Revenue 2,855.08

Net Income 662.98

Free Cash Flow 1,612.68

Net Debt 4,234.98

Current Ratio 0.02

Debt/Equity 0.47

P/E ratio 24.83

Fwd P/E 39.70

P/S ratio 5.62

P/B ratio 1.76

Past 5Y EPS Growth 22.36%

This Y EPS Growth 4.79%

Next Y EPS Growth (26.18%)

Next Y revenue growth 8.71%

Next 5Y EPS Growth (7.00%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.00%

10-year low 10-year high

P/S against its own 10 years 1.63%

10-year low 10-year high

P/B against its own 10 years 23.42%

10-year low 10-year high

EV/Sales against its own 10 years 1.18%

10-year low 10-year high

EV/FCF against its own 10 years 0.74%

10-year low 10-year high

Dividends

Payout Ratio 1.10

Annual Dividend Rate 1.20

Annual Dividend Yield 4.43%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.20	0.30 0.30 0.30
2025	1.17	0.29 0.29 0.29 0.30
2024	1.13	0.28 0.28 0.28 0.29
2023	1.32	0.26 0.26 0.26 0.26 0.28
2022	0.88	0.22 0.22 0.22 0.22
2021	0.68	0.17 0.17 0.17 0.17
2020	0.60	0.15 0.15 0.15 0.15
2019	0.52	0.13 0.13 0.13 0.13
2018	0.44	0.11 0.11 0.11 0.11
2017	0.22	0.06 0.08 0.08

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	701	174	130	76
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	701	174	130	76

	2023	2024	2025	Q'26
Payables	201	248	230	325
ST’ Debt	—	—	—	280
Other	—	—	—	—
	3,506	4,048	4,629	5,008

Compound Annual Growth %

	10y	5y	3y
Sales	12.56%	8.41%	6.84%
Cash Flow	19.84%	11.60%	5.63%
Earnings	0.00%	24.56%	15.33%
Book Value	17.63%	2.26%	(2.50%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	734	748	—	—	—
’25	674	681	688	685	2,729
’24	646	653	660	659	2,619
’23	590	600	618	624	2,432
’22	532	557	569	580	2,238
’21	475	492	510	520	1,997
’20	450	450	459	464	1,823

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	293	384	—	—	—
’25	301	382	395	129	1,206
’24	266	370	314	133	1,082
’23	318	281	421	88	1,107
’22	235	317	352	120	1,024
’21	241	230	312	125	908
’20	178	218	230	71	697

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	412	607	—	—	—
’25	412	428	406	188	1,433
’24	345	396	324	353	1,417
’23	350	352	490	151	1,344
’22	206	297	326	105	933
’21	253	245	302	99	899
’20	230	249	286	76	841

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.26	0.37	—	—	—
’25	0.27	0.23	0.22	0.24	0.96
’24	0.23	0.12	0.15	0.23	0.74
’23	0.20	0.22	0.21	0.21	0.85
’22	0.15	0.18	0.13	0.16	0.63
’21	0.10	0.11	0.12	0.12	0.45
’20	0.09	0.08	0.06	0.12	0.35

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	19.80	19.21	19.57	15.64	27.44	29.07	28.49	31.01	26.02	Analyst estimates 2026–2028 Powerpack
	High	—	24.30	23.97	31.32	32.70	45.80	45.72	36.54	37.80	35.80
People
People	Employees	884	1,445	1,231	1,140	1,149	1,240	1,511	1,555	1,750	1,725
	Revenue/emp, $m	1.04	0.73	1.40	1.55	1.59	1.61	1.48	1.56	1.50	1.58
Income, $m
Income, $m	Revenue	923	1,054	1,723	1,765	1,823	1,997	2,238	2,432	2,619	2,729
	Gross margin, %	57.64	58.76	58.16	58.54	59.45	61.05	60.94	59.87	59.04	58.42
	EBT	(97)	(140)	(55)	51	143	203	294	337	211	372
	EBT margin, %	(10.50)	(13.25)	(3.17)	2.88	7.84	10.16	13.14	13.88	8.05	13.62
	Net income	(78)	(106)	(5)	147	197	263	385	521	455	590
	Depreciation	332	345	608	591	584	612	655	692	736	772
Per share, $
Per share, $	Revenue	2.98	3.11	3.31	3.32	3.29	3.46	3.67	3.98	4.28	4.45
	Earnings	(0.25)	0.26	(0.01)	0.27	0.35	0.45	0.63	0.85	0.74	0.96
	Cash flow	0.83	0.77	1.08	1.25	1.26	1.57	1.68	1.81	1.77	1.97
	Capex	0.12	0.32	0.58	1.19	0.26	(0.01)	(0.15)	0.39	0.55	0.37
	Free cash flow	0.94	1.09	1.66	2.44	1.52	1.56	1.53	2.20	2.31	2.34
	Book value	6.31	25.48	16.08	15.56	15.44	17.03	16.93	16.65	15.99	15.61
	Shares, m	310	339	520	531	554	578	610	612	613	613
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	111.00	82.50	100.76	47.19	40.26	43.20	28.95
	P/S	0.00	7.56	6.06	9.02	9.03	13.12	7.97	8.71	7.48	6.24
	P/B	0.00	0.92	1.25	1.93	1.92	2.66	1.73	2.08	2.00	1.78
	EV/Sales	8.08	16.68	11.44	16.31	15.51	17.05	10.58	10.65	9.38	7.72
	EV/FCF	27.57	47.50	22.81	22.21	33.63	37.86	25.36	19.28	17.33	14.70
Cash, $m
Cash, $m	Operating cash flow	256	263	561	662	697	908	1,024	1,107	1,082	1,206
	Capex	36	107	303	634	144	(9)	(90)	237	335	227
	Free cash flow	293	370	865	1,296	841	899	933	1,344	1,417	1,433
Balance, $m
Balance, $m	Working capital	110	(14)	(25)	(94)	64	(1,505)	(2,454)	(2,805)	(3,874)	(4,499)
	Total debt	7,657	9,798	9,399	8,615	8,189	6,242	5,426	5,421	4,582	4,166
	Net debt	7,459	9,618	9,254	8,523	7,976	5,632	5,164	4,720	4,408	4,036
	Shareholders’ equity	1,957	8,650	8,369	8,266	8,556	9,839	10,324	10,190	9,793	9,568
Returns, %
Returns, %	ROA	(0.80)	(0.74)	(0.03)	0.82	1.12	1.45	2.06	2.75	2.39	3.14
	ROIC	1.27	0.40	1.14	1.51	1.77	2.19	2.51	2.90	2.90	3.40
	ROE	(4.07)	(1.99)	(0.07)	1.74	2.33	2.84	3.80	5.06	4.54	6.06

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VMRK Vivmark Residential	$47.3B	26.5×	49.7×	+2.11% (above 0%: growing)	−41.18% (below 0%: shrinking)	+298.73% (above 0%: growing)	61.38%	25.75%	Compare
ESS Essex Property Trust, Inc.	$17.9B	41.9×	47.4×	+4.09% (above 0%: growing)	−71.80% (below 0%: shrinking)	+21.02% (above 0%: growing)	68.42%	22.36%	Compare
UDR United Dominion Realty Trust, Inc.	$17.9B	21.7×	46.5×	0.00%	+90.91% (above 0%: growing)	−27.77% (below 0%: shrinking)	62.41%	27.23%	Compare
INVH Invitation Home	$15.8B	24.8×	39.7×	+9.71% (above 0%: growing)	+60.87% (above 0%: growing)	+41.97% (above 0%: growing)	55.10%	24.62%
SUI Sun Communities, Inc.	$14.1B	— (loss-making)	54.0×	+8.02% (above 0%: growing)	n/m	−12.76% (below 0%: shrinking)	55.40%	12.25%	Compare
MAA Mid-America Apartment Communities, Inc.	$13.8B	34.1×	40.5×	+0.95% (above 0%: growing)	+13.04% (above 0%: growing)	−3.86% (below 0%: shrinking)	57.37%	25.36%	Compare
CPT Camden Property Trust	$13.3B	32.7×	102×	−0.90% (below 0%: shrinking)	−75.68% (below 0%: shrinking)	−1,195.62% (below 0%: shrinking)	64.13%	12.20%	Compare
ELS Equity Lifestyle Properties, Inc.	$12.1B	29.4×	30.8×	+5.56% (above 0%: growing)	+19.05% (above 0%: growing)	+14.74% (above 0%: growing)	51.52%	32.00%	Compare
AMH American Homes 4 Rent	$11.1B	24.8×	44.5×	+2.75% (above 0%: growing)	+10.71% (above 0%: growing)	+24.76% (above 0%: growing)	58.35%	25.92%	Compare
Median of peers	$14.0B	29.4×	47.0×	+2.43%	+10.71%	+5.44%	59.87%	25.56%

All 19 Reit Residential stocks →

Invitation Home (INVH) key facts

Strength: Invitation Home’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 4.21% from fiscal 2024.
Invitation Home (INVH) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, INVH traded at $27.07, a market capitalization of $15.8 billion.
Invitation Home pays an annual dividend of $1.20 per share, a yield of 4.43%, with a payout ratio of 110.1%.
Return on equity was 6.06% and debt-to-equity 0.47.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.