FirmAtlas
Company handbook · INVH · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
INVH · CIK 1687229 · LATEST FILING: 10-Q JUN '26 · FILED JUL 30, 2026
Invitation Homes Inc.
$27.07
+0.27 (+1.01%)
Close, Oct 16, 2026 · 52-week $24–31
Last fiscal year
Invitation Homes Inc. reported revenue of $2.7B for the year ended Dec 31, 2025 (FY25), up 4.2% from FY24. Net income was $588M, operating cash flow $1.2B and free cash flow $1.2B. Source: 10-K filed Feb 19, 2026.
Market cap
$16.5B
P/E
25.0
P/B
1.8
Div yield
4.43%
Revenue 1Y
4.2%/yr
EPS 1Y
29.7%/yr
Shares 1Y
−0.3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEODallas B. Tanner
HQDallas, TX
AuditorDeloitte & Touche LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
—
−7.6%
−6.1%
−4.9%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.5B deployed
Capex
$59M
3.9%
Dividends
$1.4B
92.6%
Buybacks
$53M
3.5%
Operating cash flow over the period: $2.3B. Total debt changed by +$178M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,082
1,206+11.5%
1,200
Net income
455
590+29.5%
—
Depreciation & amortization
714
747+4.6%
—
Stock-based compensation
28
28−0.3%
—
Working capital & other
(116)
(158)n/m
—
Cash from investing
(466)
(653)n/m
—
Capex
(31)
(28)n/m
—
Other investing
(435)
(624)n/m
—
Cash from financing
(1,094)
(618)n/m
—
Debt raised
494
597+20.8%
—
Debt repaid
(2,500)
0n/m
—
Dividends
(689)
(713)n/m
—
Buybacks
0
(53)n/m
—
Shares issued
0
—
—
Other financing
1,601
(449)−128.1%
—
Net change in cash
(478)
(65)n/m
—
Free cash flow (OCF − capex)
1,051
1,178+12.1%
—
Where the cash went
Operating cash flow
1,082
1,206+11.5%
1,200
Reinvested in the business
31
28−7.4%
—
% of operating cash flow
2.8%
2.3%
Capex
31
28−7.4%
—
Free cash flow
1,051
1,178+12.1%
—
YoY
+12.1%
Returned to shareholders
689
766+11.1%
—
% of free cash flow
65.6%
65.0%
Dividends
689
713+3.4%
—
Buybacks
0
53n/m
—
Change in total debt
—
178
—
Cash left over
—
590
—
FCF conversion (FCF ÷ net income)
231.6%
200.3%−31.2 pp
—
Buyback yield
—
0.3%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
688
2,041
44
49
vs year-ago quarter
Net income
137
145
161
219
vs year-ago quarter
Net margin
19.9%
7.1%
366.9%
442.5%
EPS (diluted, $)
0.22
0.24
0.26
0.37
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
18,783
18,680
18,701
18,448
Cash & equivalents
396
355
373
327
Total debt
8,230
8,380
8,802
8,527
Shareholders’ equity
9,626
9,530
9,091
9,054
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
395
129
293
384
Capex
7
6
—
—
Free cash flow
388
122
—
—
vs year-ago quarter