I
Invitation Homes Inc.
INVH · NYSE · USD
Financials
StatisticsIncome statementBalance sheetCash flowDividendsSegments
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||
| Market cap | $17,036 | $19,585 | $20,874 | $18,122 | $27,057 | $17,724 | $17,885 | $11,983 | $14,066 | – | – | – |
| Enterprise value | $25,324 | $27,649 | $28,754 | $25,661 | $34,487 | $25,593 | $28,474 | $24,433 | $23,689 | – | – | – |
| P/E (TTM) at period end | 29.02× | 43.22× | 40.24× | 47.36× | 103.63× | 90.54× | 123.29× | – | – | – | – | – |
| P/S (TTM) at period end | 6.24× | 7.48× | 8.58× | 8.10× | 13.55× | 9.72× | 10.14× | 6.95× | 13.34× | – | – | – |
| P/B at period end | 1.79× | 2.01× | 2.06× | 1.76× | 2.76× | 2.08× | 2.18× | 1.46× | 1.66× | – | – | – |
| EV / EBITDA (TTM) | 17.02× | 19.00× | 20.93× | 19.89× | 30.17× | 25.08× | 29.70× | 27.05× | 55.38× | – | – | – |
| EV / Sales (TTM) | 9.28× | 10.56× | 11.82× | 11.47× | 17.27× | 14.04× | 16.14× | 14.18× | 22.47× | – | – | – |
| Returns | ||||||||||||
| Return on equity | 6.2% | 4.6% | 5.1% | 3.7% | 2.7% | 2.3% | 1.8% | (0.1%) | (1.2%) | (4.0%) | (8.5%) | (11.0%) |
| Return on invested capital | 4.2% | 4.2% | 3.9% | 3.7% | 3.2% | 2.8% | 2.2% | 1.7% | 0.7% | 2.0% | 1.2% | (0.4%) |
| Dividend yield | 4.2% | 3.5% | 3.1% | 3.0% | 1.5% | 1.9% | 1.5% | 1.9% | 0.5% | – | – | – |
| Financial health | ||||||||||||
| Current ratio | – | – | – | – | – | – | – | – | – | 0.21× | 0.22× | 0.17× |
| Debt / equity | 0.89× | 0.90× | 0.88× | 0.79× | 0.86× | 0.99× | – | 1.51× | 1.14× | 3.87× | 4.09× | 2.67× |
| Effective tax rate | – | – | 0.0% | 0.0% | 0.2% | 0.4% | 1.7% | (24.8%) | – | – | – | – |
| Share count | ||||||||||||
| Diluted shares outstanding | 613 | 614 | 613 | 611 | 579 | 555 | 532 | 520 | 0 | 302 | 302 | 302 |
StatisticsIncome statementBalance sheetCash flowDividendsSegments
| Line item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue and gross profit | |||||||||||||
| Revenue | $2,855 | $2,729 | $2,619 | $2,432 | $2,238 | $1,997 | $1,823 | $1,765 | $1,723 | $1,054 | $923 | $60 | $659 |
| Cost of revenue | ($1,588) | ($2,629) | ($1,073) | ($976) | ($874) | ($778) | ($739) | ($732) | ($721) | ($435) | ($391) | – | ($383) |
| Gross profit | $1,267 | $101 | $1,546 | $1,456 | $1,364 | $1,219 | $1,084 | $1,033 | $1,002 | $620 | $532 | – | $276 |
| Operating expenses | |||||||||||||
| Research and development | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Selling, general and administrative | ($104) | ($95) | ($91) | ($82) | ($74) | ($76) | ($63) | ($74) | ($99) | ($168) | ($69) | ($79) | ($88) |
| Total operating expenses | ($406) | $640 | ($805) | ($757) | ($712) | ($668) | ($616) | ($608) | ($659) | ($501) | ($341) | – | ($307) |
| Total costs and expenses | ($1,994) | ($1,988) | ($1,878) | ($1,733) | ($1,586) | ($1,446) | ($1,355) | ($1,340) | ($1,380) | ($936) | ($732) | $55 | ($691) |
| Operating income | $861 | $741 | $741 | $700 | $652 | $551 | $468 | $425 | $343 | $118 | $191 | $114 | ($32) |
| Earnings | |||||||||||||
| EBITDA | $1,627 | $1,488 | $1,456 | $1,374 | $1,290 | $1,143 | $1,020 | $959 | $903 | $428 | $458 | $365 | $184 |
| Interest income | – | – | – | – | $8 | ($9) | $30 | $6 | – | – | – | – | – |
| Interest expense | ($371) | ($353) | ($366) | ($333) | ($304) | ($323) | ($354) | ($367) | ($384) | ($257) | ($286) | ($274) | ($236) |
| Pre-tax income | $663 | $590 | $455 | $521 | $385 | $263 | $197 | $147 | ($5) | ($106) | ($78) | ($162) | ($270) |
| Income tax expense | – | – | – | ($0) | ($0) | ($1) | ($1) | ($2) | ($1) | – | – | – | – |
| Net income | $661 | $588 | $454 | $519 | $383 | $261 | $196 | $145 | ($5) | ($105) | ($78) | ($160) | ($270) |
| Per share | |||||||||||||
| Diluted EPS (GAAP) | $1.09 | $0.96 | $0.74 | $0.85 | $0.63 | $0.45 | $0.35 | $0.27 | ($0.01) | ($105,337) | ($0.26) | ($0.52) | ($0.87) |
| Basic EPS (GAAP) | $1.09 | $0.96 | $0.74 | $0.85 | $0.63 | $0.45 | $0.35 | $0.27 | ($0.01) | ($105,337) | ($0.26) | ($0.52) | ($0.87) |
| Basic shares outstanding | 606 | 613 | 613 | 612 | 610 | 578 | 554 | 531 | 520 | 0 | 302 | 302 | 302 |
| Margins | |||||||||||||
| Gross margin | 44.4% | 3.7% | 59.0% | 59.9% | 60.9% | 61.0% | 59.5% | 58.5% | 58.2% | 58.8% | 57.6% | – | 41.8% |
| Operating margin | 30.2% | 27.1% | 28.3% | 28.8% | 29.1% | 27.6% | 25.7% | 24.1% | 19.9% | 11.2% | 20.7% | 192.1% | (4.8%) |
| Net margin | 23.1% | 21.5% | 17.3% | 21.4% | 17.1% | 13.1% | 10.8% | 8.2% | (0.3%) | (10.0%) | (8.5%) | (269.1%) | (41.0%) |