Invitation Homes Inc. (INVH) Stock Analysis
Real Estate · REIT - Residential · NYSE
Invitation Homes Inc. (INVH) posted $2.73B in revenue for fiscal 2025 (up 4.2% year over year), at a 21.5% net margin, and has compounded revenue about 8.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Invitation Homes Inc.
Invitation Homes Inc. has grown revenue from $922.59M to $2.73B over the last 10 fiscal years, compounding about 8.4% a year. The most recent year was up 4.2%, so growth has cooled from its longer-run pace.
Net margin sits at 21.5%, up 4.2 points year over year. It carries about $8.38B of total debt.
At today's valuation the market is pricing in roughly 3.8% annual free-cash-flow growth — versus the 14.5% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Invitation Homes Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
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.
Invitation Homes Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $8380M is 6.9× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into INVH stock?
At today's market cap of $17.65B, 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
Compare Invitation Homes Inc. with peers
About Invitation Homes Inc.
Invitation Homes Inc., an S&P 500 company, is the nation's premier single-family home leasing and management company, helping to expand housing through new development and strategic partnerships. Their purpose, Unlock the Power of Home, reflects their commitment to address America's housing needs by delivering high-quality living solutions and genuine care to those who choose the flexibility and value of leasing. 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 27.3 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 $17.65B, 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 $17.65B, 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.