Invitation Homes Inc. (INVH) Financial Statements
Industry: Real Estate Operators (No Developers) & Lessors
In fiscal 2025, Invitation Homes reported revenue of $2.73B, up 4.2% from $2.62B the year before. Net income was $587.9M (a 21.5% net margin), or $0.96 per diluted share. Gross margin was 14.2% and operating margin was 10.7%. Operating activities generated $1.21B of cash. At fiscal year end, Invitation Homes held $18.68B in total assets against $9.11B in total liabilities, including $130.0M of cash and equivalents.
Open the full interactive Invitation Homes financials → Quarterly statements, key ratios, valuation history and price charts.
Invitation Homes Key Stats
| Share Price | $26.59 |
|---|---|
| Market Cap | $15.75B |
| P/E Ratio | 27.7 |
| Dividend Yield | 4.57% |
| Revenue YoY Growth | +4.2% |
| 52-Week Range | $23.59 – $30.25 |
| Shares Outstanding | 592.4 million (basic, 2026 Q2) |
Invitation Homes Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.82B | $2.00B | $2.24B | $2.43B | $2.62B | $2.73B |
| Cost of Goods Sold | $1.71B | $1.78B | $1.92B | $2.07B | $2.33B | $2.34B |
| Gross Profit | $113.2M | $219.6M | $318.9M | $357.4M | $292.2M | $387.6M |
| Operating Income | $49.9M | $143.8M | $244.9M | $275.1M | $201.6M | $292.4M |
| Pre-Tax Income | $197.1M | $262.0M | $383.5M | $519.7M | $453.9M | $587.9M |
| Income Tax | $870,000 | $551,000 | $150,000 | $253,000 | — | — |
| Net Income | $196.2M | $261.4M | $383.3M | $519.5M | $453.9M | $587.9M |
| Diluted EPS | $0.35 | $0.45 | $0.63 | $0.85 | $0.74 | $0.96 |
Invitation Homes Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $688.2M | $685.2M | $734.1M | $747.5M |
| Net Income | $136.7M | $144.6M | $160.5M | $218.8M |
| Diluted EPS | $0.22 | $0.24 | $0.26 | $0.37 |
Invitation Homes Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $213.4M | $610.2M | $262.9M | $700.6M | $174.5M | $130.0M |
| Total Assets | $17.51B | $18.54B | $18.54B | $19.22B | $18.70B | $18.68B |
| Total Long-Term Debt | $8.03B | $8.00B | $7.77B | $8.55B | $8.20B | $8.38B |
| Total Liabilities | $8.95B | $8.70B | $8.21B | $9.03B | $8.91B | $9.11B |
| Shareholders' Equity | $8.50B | $9.80B | $10.29B | $10.16B | $9.76B | $9.53B |
Invitation Homes Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $696.7M | $907.7M | $1.02B | $1.11B | $1.08B | $1.21B |
| Cash From Investing | -$425.2M | -$1.16B | -$814.4M | -$773.6M | -$465.9M | -$652.6M |
| Cash From Financing | -$146.0M | $659.0M | -$574.1M | $110.0M | -$1.09B | -$618.5M |
| Dividends Paid | $332.2M | $393.8M | $539.0M | $638.1M | $689.2M | $712.8M |
Figures from Invitation Homes' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Invitation Homes financials page for every line item.
Invitation Homes Company Profile
| Ticker | INVH |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Operators (No Developers) & Lessors |
| Headquarters | Dallas, Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001687229 |
Frequently Asked Questions
What was Invitation Homes' revenue in fiscal 2025?
Invitation Homes (INVH) reported revenue of $2.73B for fiscal 2025.
What is Invitation Homes' annual revenue history?
Invitation Homes' annual revenue by fiscal year: 2020: $1.82B; 2021: $2.00B; 2022: $2.24B; 2023: $2.43B; 2024: $2.62B; 2025: $2.73B.
What was Invitation Homes' net income in fiscal 2025?
Invitation Homes reported net income of $587.9M for fiscal 2025.
What was Invitation Homes' earnings per share (EPS) in fiscal 2025?
Invitation Homes' diluted EPS was $0.96 for fiscal 2025 (adjusted for any later stock splits).
What was Invitation Homes' revenue last quarter?
In its most recent reported quarter (2026 Q2), Invitation Homes reported revenue of $747.5M.
How much debt does Invitation Homes have?
Invitation Homes reported $8.38B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Invitation Homes are outstanding?
Invitation Homes reported a weighted average of 592.4 million basic shares outstanding in 2026 Q2.
What is Invitation Homes' market cap?
Based on its latest closing price, Invitation Homes (INVH) has a market capitalization of about $15.75B.
When does Invitation Homes' fiscal year end?
Invitation Homes' fiscal year end, as registered with the SEC, is December 31.
Where is Invitation Homes headquartered?
Invitation Homes lists its business address in Dallas, Texas in its SEC filings.
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