StratGraph
Companies / Real Estate
INVH

Invitation Homes

Single-Family Residential REITs

Single-Family Residential REITsAnalysis in progress
In progress

We are decoding this company's strategy and relationships

New analyses are published every weekday. Founding members get them first.

Business at a glance

Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work

Operating health70
Growth43
Profitability88
Cash generationn/a
Balance sheetn/a
Dilution control78
Key ratios and five-year financials
Revenue growth (FY)4.2%Revenue CAGR (3y)6.8%Gross margin—Operating margin—Net margin21.5%Free cash flow margin44.2%R&D / revenue—Stock comp / revenue1.0%Net debt / operating cash flow6.84xCurrent ratio—Diluted share count change-0.1%
Fiscal year endingFY 2021-12FY 2022-12FY 2023-12FY 2024-12FY 2025-12
Revenue$2.0B$2.2B$2.4B$2.6B$2.7B
Net income$261M$383M$519M$454M$588M
Operating cash flow$908M$1.0B$1.1B$1.1B$1.2B
Free cash flow$908M$1.0B$1.1B$1.1B$1.2B
Stock-based comp$27M$29M$30M$28M$28M
Buybacks——$0$0$53M
Dividends$394M$539M$638M$689M$713M
Cash$610M$263M$701M$174M$130M
Total debt$8.0B$7.8B$8.5B$8.2B$8.4B
Equity$9.8B$10.3B$10.2B$9.8B$9.5B

StratGraph publishes general, impersonal research about public companies based on public filings. It is not investment advice, not a recommendation to buy, sell or hold any security, and not tailored to any reader's circumstances. Content may contain errors and may be partly generated with AI tools; verify against the original filings, which are linked. Authors may not trade securities discussed within the window set by our trading policy. Full disclaimer.