Stocks · Real estate · Real Estate Operators (No Developers) & Lessors

Invitation Homes

INVH Clue Score67
United States Fiscal year ends December CIK 0001687229
$26.79 +1.17% Close, 9 Oct 2026
Price $26.79 −30.63% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Feb 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Operating income0.19Fiscal year 2017Operating income0.12Net income−0.09EPS, diluted−0.26Fiscal year 2018Net income−0.00EPS, diluted−0.01Fiscal year 2019Revenue1.76Net income0.15EPS, diluted0.27Fiscal year 2020Revenue1.82 +3.3%Net income0.20 +34.9%EPS, diluted0.35Fiscal year 2021Revenue2.00 +9.5%Net income0.26 +33.2%EPS, diluted0.45Fiscal year 2022Revenue2.24 +12.1%Net income0.38 +46.6%EPS, diluted0.63Fiscal year 2023Revenue2.43 +8.7%Net income0.52 +35.5%EPS, diluted0.85Fiscal year 2024Revenue2.62 +7.7%Net income0.45 −12.6%EPS, diluted0.74Fiscal year 2025Revenue2.73 +4.2%Net income0.59 +29.5%EPS, diluted0.96
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a n/a 1.76 1.82 2.00 2.24 2.43 2.62 2.73
Growth +3.3% +9.5% +12.1% +8.7% +7.7% +4.2%
Operating income 0.19 0.12 n/a n/a n/a n/a n/a n/a n/a n/a
Net income n/a −0.09 −0.00 0.15 0.20 0.26 0.38 0.52 0.45 0.59
Growth +34.9% +33.2% +46.6% +35.5% −12.6% +29.5%
EPS, diluted n/a −0.26 −0.01 0.27 0.35 0.45 0.63 0.85 0.74 0.96

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Fiscal year 2019Net margin8.2%Fiscal year 2020Net margin10.8%Fiscal year 2021Net margin13.1%Fiscal year 2022Net margin17.1%Fiscal year 2023Net margin21.4%Fiscal year 2024Net margin17.3%Fiscal year 2025Net margin21.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a n/a 8.2% 10.8% 13.1% 17.1% 21.4% 17.3% 21.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Fiscal year 2017Operating cash flow0.26Dividends paid−0.07Fiscal year 2018Operating cash flow0.56Dividends paid−0.23Fiscal year 2019Operating cash flow0.66Dividends paid−0.28Fiscal year 2020Operating cash flow0.70Dividends paid−0.33Fiscal year 2021Operating cash flow0.91Dividends paid−0.39Fiscal year 2022Operating cash flow1.02Dividends paid−0.54Fiscal year 2023Operating cash flow1.11Buybacks0.00Dividends paid−0.64Fiscal year 2024Operating cash flow1.08Buybacks0.00Dividends paid−0.69Fiscal year 2025Operating cash flow1.21Buybacks−0.05Dividends paid−0.71
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a 0.26 0.56 0.66 0.70 0.91 1.02 1.11 1.08 1.21
Buybacks n/a n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.05
Dividends paid n/a −0.07 −0.23 −0.28 −0.33 −0.39 −0.54 −0.64 −0.69 −0.71

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.20Shareholders’ equity1.96Fiscal year 2017Cash0.18Total debt9.65Net cash (debt)−9.47Shareholders’ equity8.50Debt to equity1.14Fiscal year 2018Cash0.14Total debt9.25Net cash (debt)−9.10Shareholders’ equity8.23Debt to equity1.12Fiscal year 2019Cash0.09Total debt8.47Net cash (debt)−8.38Shareholders’ equity8.21Debt to equity1.03Fiscal year 2020Cash0.21Total debt8.03Net cash (debt)−7.82Shareholders’ equity8.50Debt to equity0.94Fiscal year 2021Cash0.61Total debt8.00Net cash (debt)−7.39Shareholders’ equity9.80Debt to equity0.82Fiscal year 2022Cash0.26Total debt7.77Net cash (debt)−7.51Shareholders’ equity10.29Debt to equity0.75Fiscal year 2023Cash0.70Total debt8.55Net cash (debt)−7.85Shareholders’ equity10.16Debt to equity0.84Fiscal year 2024Cash0.17Total debt8.20Net cash (debt)−8.03Shareholders’ equity9.76Debt to equity0.84Fiscal year 2025Cash0.13Total debt8.38Net cash (debt)−8.25Shareholders’ equity9.53Debt to equity0.88
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.20 0.18 0.14 0.09 0.21 0.61 0.26 0.70 0.17 0.13
Total debt n/a 9.65 9.25 8.47 8.03 8.00 7.77 8.55 8.20 8.38
Net cash (debt) n/a −9.47 −9.10 −8.38 −7.82 −7.39 −7.51 −7.85 −8.03 −8.25
Shareholders’ equity 1.96 8.50 8.23 8.21 8.50 9.80 10.29 10.16 9.76 9.53
Debt to equity n/a 1.14 1.12 1.03 0.94 0.82 0.75 0.84 0.84 0.88

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a 8.2% 10.8% 13.1% 17.1% 21.4% 17.3% 21.5%
Spending
n/a n/a n/a 4.2% 3.5% 3.8% 3.3% 3.4% 3.5% 3.5%
Returns
n/a −1.0% −0.1% 1.8% 2.3% 2.7% 3.7% 5.1% 4.7% 6.2%
n/a −0.5% −0.0% 0.8% 1.1% 1.4% 2.1% 2.7% 2.4% 3.1%
Balance and payout
n/a 1.14 1.12 1.03 0.94 0.82 0.75 0.84 0.84 0.88
79.9% 53.7% 53.7% 52.5% 51.1% 46.9% 44.3% 47.0% 47.6% 48.8%
n/a n/a n/a 190.2% 169.3% 150.6% 140.6% 122.8% 151.8% 121.2%