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Financials · INVH

Invitation Homes Inc. (INVH) financials

For the twelve months ended Sep 30, 2026, Invitation Homes Inc. reported $2.90B of revenue and $682.40M of net income.

Revenue, TTM
$2.90B
Revenue growth, YoY
+7.2%
Net income, TTM
$682.40M
Net income growth, YoY
+16.4%
Net margin
23.5%
EPS, diluted, TTM
$1.14
EPS growth, YoY
+18.8%
Cash
$78.93M
Total debt
$8.74B
P/E
22.88
P/S
5.39
Market cap
$15.61B
Annual revenue$2.73B
FY2016FY2025
Annual net income$587.92M
FY2016FY2025
Annual free cash flow$557.21M
FY2016FY2018

INVH revenue and earnings growth

INVH revenueQ3 2026$731.28M

Quarter YoY
+6.3%
QoQ
-2.2%
FY YoY
+4.2%
5Y CAGR
+8.4%
10Y CAGR
+46.6%

INVH revenue was $731.28M in fiscal Q3 2026 (ended Sep 30, 2026), up 6.3% from a year earlier and down 2.2% from the prior quarter. For the full fiscal 2025 it was $2.73B, up 4.2% from fiscal 2024. Compound annual growth was +8.4% over 5 years and +46.6% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

INVH net incomeQ3 2026$158.49M

Quarter YoY
+15.9%
QoQ
-27.6%
FY YoY
+29.5%
5Y CAGR
+24.5%

INVH net income was $158.49M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.9% from a year earlier and down 27.6% from the prior quarter. For the full fiscal 2025 it was $587.92M, up 29.5% from fiscal 2024. Compound annual growth was +24.5% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

INVH EPSQ3 2026$0.27

Quarter YoY
+22.7%
QoQ
-27.0%
FY YoY
+29.7%
5Y CAGR
+22.4%

INVH diluted EPS was $0.27 in fiscal Q3 2026 (ended Sep 30, 2026), up 22.7% from a year earlier and down 27.0% from the prior quarter. For the full fiscal 2025 it was $0.96, up 29.7% from fiscal 2024. Compound annual growth was +22.4% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.73B$2.62B$2.43B$2.24B$2.00B$1.82B$1.76B$1.72B$1.05B$922.59M
Selling, general and admin$95.25M$90.61M$82.34M$74.03M$75.81M$63.30M$74.27M$98.76M$167.74M$69.10M
Operating income--------$118.21M$190.78M
Interest expense--$333.46M$304.09M$322.66M$353.92M$367.17M$383.60M$256.97M$286.05M
Income tax--$253.0K$150.0K$551.0K$870.0K$2.49M$1.24M--
Net income$587.92M$453.92M$519.47M$383.33M$261.43M$196.21M$145.46M-$4.93M-$105.34M-$78.24M
EPS, basic$0.96$0.74$0.85$0.63$0.45$0.35$0.27-$0.01--
EPS, diluted$0.96$0.74$0.85$0.63$0.45$0.35$0.27-$0.01--
Diluted shares613.2M613.6M613.3M611.1M579.2M555.5M532.5M520.4M--

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$129.97M$419.69M$897.48M$453.93M$818.86M$411.77M$286.25M$359.99M$416.56M$420.21M
Goodwill$258.21M$258.21M$258.21M$258.21M$258.21M$258.21M$258.21M$258.21M$258.21M$0
Total assets$18.68B$18.70B$19.22B$18.54B$18.54B$17.51B$17.39B$18.06B$18.68B$9.73B
Total debt$8.38B$8.20B$8.55B$7.77B$8.00B$8.03B$8.47B$9.25B$9.65B-
Total liabilities$9.11B$8.91B$9.03B$8.21B$8.70B$8.95B$9.13B$9.69B$10.03B$7.77B
Shareholders' equity$9.53B$9.79B$10.19B$10.32B$9.84B$8.56B$8.27B$8.37B$8.65B$1.96B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$1.21B$1.08B$1.11B$1.02B$907.66M$696.71M$662.13M$561.24M$262.97M$256.05M
Capital expenditures-------$4.03M$4.09M$3.86M
Free cash flow-------$557.21M$258.88M$252.20M
Investing cash flow-$652.57M-$465.87M-$773.55M-$814.41M-$1.16B-$425.16M$102.23M$62.99M$64.69M-$258.05M
Financing cash flow-$618.49M-$1.09B$110.02M-$574.11M$658.99M-$146.03M-$838.10M-$680.80M-$331.31M-$71.79M
Dividends paid$712.84M$689.24M$638.13M$539.03M$393.81M$332.15M$276.68M$230.07M$69.00M$0
Share repurchases$53.21M$0$0-------
Stock-based compensation$27.83M$27.92M$29.50M$28.96M$27.17M$17.09M$18.16M$29.50M$81.20M$10.21M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY4.2%7.7%8.7%12.1%9.5%3.3%2.4%63.4%14.3%1449.7%
Net income growth, YoY29.5%-12.6%35.5%46.6%33.2%34.9%----
EPS growth, YoY29.7%-12.9%34.9%40.0%28.6%29.6%----
Operating margin--------11.2%20.7%
Net margin21.5%17.3%21.4%17.1%13.1%10.8%8.2%-0.3%-10.0%-8.5%
Free cash flow margin-------32.3%24.6%27.3%
Return on equity6.2%4.6%5.1%3.7%2.7%2.3%1.8%-0.1%-1.2%-4.0%
Return on assets3.1%2.4%2.7%2.1%1.4%1.1%0.8%-0.0%-0.6%-0.8%
Debt to equity0.880.840.840.750.810.941.021.111.12-

Source: XBRL data Invitation Homes Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

INVH peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
INVH$2.90B+7.2%$682.40M23.5%$15.61B
CBRE$45.01B+14.8%$1.38B3.1%$39.05B
BEKECN¥94.58B+1.2%CN¥2.99B3.2%$21.30B
JLL$28.20B+11.4%$1.10B3.9%$16.94B
CSGP$3.67B+20.2%$179.00M4.9%$12.29B
COMP$12.61B+89.8%$133.50M1.1%$7.73B
TRNO$518.86M+17.2%$353.32M68.1%$7.33B
FSV$5.50B+5.4%$145.05M2.6%$6.42B
CIGI$5.56B+15.3%$103.10M1.9%$4.85B

INVH FAQ

7 questions
  • What is INVH revenue?
    Invitation Homes Inc. (INVH) reported $2.90B of revenue for the twelve months ended Sep 30, 2026. That is up 7.2% from the year before. Revenue for fiscal 2025 was $2.73B.
  • Is INVH profitable?
    Yes. Invitation Homes Inc. earned $682.40M in net income for the twelve months ended Sep 30, 2026, a net margin of 23.5%.
  • How much cash and debt does INVH have?
    Invitation Homes Inc. reported $78.93M in cash and cash equivalents and $8.74B of debt on its most recent balance sheet in SEC filings.
  • How fast is INVH revenue growing?
    Invitation Homes Inc.'s revenue changed +4.2% in fiscal 2025, to $2.73B. Its compound annual growth rate was +8.4% over 5 years and +46.6% over 10 years.
  • What is INVH earnings per share?
    Diluted earnings per share were $1.14 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did INVH last report financial results?
    The latest statements here come from Invitation Homes Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this INVH financial data come from?
    Quantisnow builds these statements from the structured XBRL data Invitation Homes Inc. files with the SEC. It is provided for information only and is not investment advice.