Invitation Homes Inc. (INVH)
Real Estate · REIT - Residential · NYSE
Invitation Homes Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $922.59M | $1.05B | $1.72B | $1.76B | $1.82B | $2.00B | $2.24B | $2.43B | $2.62B | $2.73B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $-78.24M | $-105.34M | $-4.93M | $145.46M | $196.21M | $261.43M | $382.67M | $518.77M | $453.16M | $586.96M |
| Net margin | -8.5% | -10.0% | -0.3% | 8.2% | 10.8% | 13.1% | 17.1% | 21.3% | 17.3% | 21.5% |
Source: Invitation Homes Inc. SEC filings (10-K). 11 years of history available in the interactive view.
What growth is priced into INVH stock?
At today's market cap of $17.70B, Invitation Homes Inc. is priced for free-cash-flow growth of about 3.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.18B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 14.5%/yr over the last five fiscal years and revenue 8.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 11 years of Invitation Homes Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Invitation Homes Inc. financial history by metric
About Invitation Homes Inc.
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high quality homes in sought after neighborhoods across the United States. As of December 31, 2025, we wholly own 86,192 homes for lease, jointly own 8,006 homes for lease, and provide professional third-party property and asset management services for an additional 15,866 homes, all of which are primarily located in 16 core markets across the country. These homes help meet the needs of a growing share of Americans who count on the ease, flexibility, and savings of leasing. We provide our residents access to updated homes with features they value, as well as close proximity to jobs and good schools. The continued demand for our product proves that the choice and flexibility we offer are attractive to many people. We operate in markets with strong demand drivers, high barriers to entry, and high rent growth potential, primarily in the Western United States, Florida, and the Southeast United States. Through disciplined market and asset selection, as well as through strategic mergers and acquisitions, we designed our wholly and jointly owned portfolios to capture the operating benefits of local density as well as economies of scale that we believe cannot be readily replicated. Since our founding in 2012, we have built a proven, vertically integrated operating platform that enables us to effectively and efficiently acquire, renovate, lease, maintain, and manage both the homes we own and those we manage on behalf of others. The portfolio of homes we own average approximately 1,880 square feet with three to four bedrooms and two bathrooms, appealing to a resident base that we believe is less transitory than a typical multifamily resident. We invest in the upfront renovation of homes in our portfolio in order to address capital needs, reduce ongoing maintenance costs, and drive resident demand Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.
Invitation Homes Inc. — frequently asked questions
What is Invitation Homes Inc.'s revenue?
Invitation Homes Inc. (INVH) reported revenue of $2.73B for fiscal year 2025, up 4.2% from the prior year, according to its SEC filings.
Is Invitation Homes Inc. profitable?
Yes. INVH earned net income of $586.96M in fiscal 2025, a net margin of 21.5%.
What is INVH's P/E ratio?
Invitation Homes Inc. trades at a price-to-earnings ratio of about 31.4 based on the latest data in our nightly-refreshed cache.
How fast is Invitation Homes Inc. growing?
INVH's revenue grew at roughly 8.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Invitation Homes Inc. have?
As of fiscal year 2025, INVH carried roughly $8.38B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Invitation Homes Inc.'s market cap?
Invitation Homes Inc. (INVH) has a market capitalization of about $17.70B, based on the latest data in our nightly-refreshed cache.
When does Invitation Homes Inc.'s fiscal year end?
INVH's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into INVH stock?
At today's market cap of $17.70B, Invitation Homes Inc. is priced for free-cash-flow growth of about 3.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.18B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 14.5%/yr over the last five fiscal years and revenue 8.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Invitation Homes Inc.'s official SEC filings (10-K and 10-Q), covering 11 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.