INVH
Invitation Homes Inc
NYSE: INVH · REAL ESTATE · REIT - RESIDENTIAL
$28.07
-0.25% today
Updated 2026-04-29
Market cap
$16.83B
P/E ratio
29.55
P/S ratio
6.19x
EPS (TTM)
$0.95
Dividend yield
4.16%
52W range
$24 – $34
Volume
6.5M
Invitation Homes Inc (INVH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $658.72M | $836.05M | $922.59M | $1.05B | $1.72B | $1.76B | $1.82B | $2.00B | $2.24B | $2.43B | $2.62B | $2.73B |
| Revenue growth (YoY) | — | +26.9% | +10.4% | +14.3% | +63.4% | +2.4% | +3.3% | +9.5% | +12.1% | +8.7% | +7.7% | +4.2% |
| Cost of revenue | $383.16M | $387.42M | $390.82M | $434.84M | $720.90M | $731.60M | $739.16M | $777.76M | $874.29M | $976.14M | $1.07B | $2.63B |
| Gross profit | $275.56M | $448.63M | $531.77M | $619.62M | $1.00B | $1.03B | $1.08B | $1.22B | $1.36B | $1.46B | $1.55B | $100.71M |
| Gross margin | 41.8% | 53.7% | 57.6% | 58.8% | 58.2% | 58.5% | 59.5% | 61.0% | 60.9% | 59.9% | 59.0% | 3.7% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $88.18M | $79.43M | $69.10M | $167.74M | $98.76M | $74.27M | $63.30M | $75.81M | $74.03M | $82.34M | $90.61M | $95.25M |
| Operating income | $-31.82M | $114.38M | $190.78M | $118.21M | $342.76M | $425.09M | $467.84M | $550.91M | $651.70M | $699.50M | $741.24M | $740.95M |
| Operating margin | -4.8% | 13.7% | 20.7% | 11.2% | 19.9% | 24.1% | 25.7% | 27.6% | 29.1% | 28.8% | 28.3% | 27.1% |
| EBITDA | $181.99M | $361.50M | $475.49M | $460.72M | $939.12M | $1.05B | $1.10B | $1.18B | $1.33B | $1.53B | $1.54B | $1.47B |
| EBITDA margin | 27.6% | 43.2% | 51.5% | 43.7% | 54.5% | 59.4% | 60.6% | 59.0% | 59.3% | 62.9% | 58.6% | 53.9% |
| EBIT | $-33.81M | $111.26M | $207.81M | $151.14M | $378.58M | $514.28M | $551.37M | $585.44M | $688.89M | $854.49M | $821.43M | $725.00M |
| Interest expense | $235.81M | $273.74M | $286.05M | $256.97M | $383.60M | $367.17M | $353.92M | $322.66M | $304.09M | $333.46M | $366.07M | $353.33M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-269.86M | $-160.21M | $-78.24M | $-105.34M | $-4.93M | $145.46M | $196.21M | $261.43M | $383.33M | $519.47M | $453.92M | $587.92M |
| Net income growth (YoY) | — | +40.6% | +51.2% | -34.6% | +95.3% | +3052.4% | +34.9% | +33.2% | +46.6% | +35.5% | -12.6% | +29.5% |
| Profit margin | -41.0% | -19.2% | -8.5% | -10.0% | -0.3% | 8.2% | 10.8% | 13.1% | 17.1% | 21.4% | 17.3% | 21.5% |