Source: Invitation Homes's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$922.59M
$1.05B
$1.72B
$1.76B
$1.82B
$2.00B
$2.24B
$2.43B
$2.62B
$2.73B
Operating income
$190.78M
$118.21M
—
—
—
—
—
—
—
—
Interest expense
$286.05M
$256.97M
$383.60M
$367.17M
$353.92M
$322.66M
$304.09M
$333.46M
—
—
Income tax
—
—
$1.24M
$2.49M
$870.00K
$551.00K
$150.00K
$253.00K
—
—
Net income
-$78.24M
-$105.34M
-$4.93M
$145.46M
$196.21M
$261.43M
$383.33M
$519.47M
$453.92M
$587.92M
EBITDA
$458.46M
$427.79M
—
—
—
—
—
—
—
—
EPS (basic)
—
—
$-0.01
$0.27
$0.35
$0.45
$0.63
$0.85
$0.74
$0.96
EPS (diluted)
—
—
$-0.01
$0.27
$0.35
$0.45
$0.63
$0.85
$0.74
$0.96
Diluted shares
—
—
520.38M
532.50M
555.46M
579.21M
611.11M
613.29M
613.63M
613.18M
Operating margin
20.7%
11.2%
—
—
—
—
—
—
—
—
Net margin
-8.5%
-10.0%
-0.3%
8.2%
10.8%
13.1%
17.1%
21.4%
17.3%
21.5%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$198.12M
$179.88M
$144.94M
$92.26M
$213.42M
$610.17M
$262.87M
$700.62M
$174.49M
$129.97M
Goodwill
$0
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
Total assets
$9.73B
$18.68B
$18.06B
$17.39B
$17.51B
$18.54B
$18.54B
$19.22B
$18.70B
$18.68B
Long-term debt
—
$9.65B
$9.25B
$8.47B
$8.03B
$8.00B
$7.77B
$8.55B
$8.20B
$8.38B
Total debt
—
$9.65B
$9.25B
$8.47B
$8.03B
$8.00B
$7.77B
$8.55B
$8.20B
$8.38B
Total liabilities
$7.77B
$10.03B
$9.69B
$9.13B
$8.95B
$8.70B
$8.21B
$9.03B
$8.91B
$9.11B
Shareholders' equity
$1.96B
$8.50B
$8.23B
$8.21B
$8.50B
$9.80B
$10.29B
$10.16B
$9.76B
$9.53B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$256.05M
$262.97M
$561.24M
$662.13M
$696.71M
$907.66M
$1.02B
$1.11B
$1.08B
$1.21B
Capital expenditures
$3.86M
$4.09M
$4.03M
$57.44M
$98.77M
$77.41M
$122.37M
$30.21M
$30.61M
$28.33M
Free cash flow
$252.20M
$258.88M
$557.21M
$604.69M
$597.94M
$830.25M
$901.22M
$1.08B
$1.05B
$1.18B
Investing cash flow
-$258.05M
$64.69M
$62.99M
$102.23M
-$425.16M
-$1.16B
-$814.41M
-$773.55M
-$465.87M
-$652.57M
Financing cash flow
-$71.79M
-$331.31M
-$680.80M
-$838.10M
-$146.03M
$658.99M
-$574.11M
$110.02M
-$1.09B
-$618.49M
Dividends paid
$0
$69.00M
$230.07M
$276.68M
$332.15M
$393.81M
$539.03M
$638.13M
$689.24M
$712.84M
Share buybacks
—
—
—
—
—
—
—
$0
$0
$53.21M
Stock-based compensation
$10.21M
$81.20M
$29.50M
$18.16M
$17.09M
$27.17M
$28.96M
$29.50M
$27.92M
$27.83M
Depreciation & amortization
$267.68M
$309.58M
$560.54M
$533.72M
$552.53M
$592.13M
$638.11M
$674.29M
$714.33M
$746.93M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$624.32M
$646.04M
$653.45M
$660.32M
$659.13M
$674.48M
$681.40M
$688.17M
$685.25M
$734.11M
$747.55M
$731.28M
Interest expense
$90.05M
$89.84M
—
—
—
—
—
—
—
—
—
—
Income tax
$177.00K
—
—
—
—
—
—
—
—
—
—
—
Net income
$129.55M
$142.35M
$73.19M
$95.27M
$143.11M
$165.75M
$140.89M
$136.74M
$144.55M
$160.51M
$218.85M
$158.49M
EPS (basic)
$0.21
$0.23
$0.12
$0.16
$0.23
$0.27
$0.23
$0.22
$0.24
$0.26
$0.37
$0.27
EPS (diluted)
$0.21
$0.23
$0.12
$0.15
$0.23
$0.27
$0.23
$0.22
$0.24
$0.26
$0.37
$0.27
Diluted shares
—
613.81M
613.82M
613.65M
—
613.36M
613.26M
613.08M
—
606.23M
592.50M
588.53M
Net margin
20.7%
22.0%
11.2%
14.4%
21.7%
24.6%
20.7%
19.9%
21.1%
21.9%
29.3%
21.7%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$700.62M
$738.12M
$749.40M
$1.03B
$174.49M
$84.39M
$65.11M
$155.37M
$129.97M
$114.13M
$75.79M
$78.93M
Goodwill
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$258.21M
$314.15M
$314.15M
$314.15M
Total assets
$19.22B
$19.21B
$19.24B
$19.63B
$18.70B
$18.58B
$18.66B
$18.78B
$18.68B
$18.70B
$18.45B
$18.53B
Long-term debt
$8.55B
$8.54B
$8.54B
$9.01B
$8.20B
$8.10B
$8.17B
$8.23B
$8.38B
$8.80B
$8.53B
$8.74B
Total debt
$8.55B
$8.54B
$8.54B
$9.01B
$8.20B
$8.10B
$8.17B
$8.23B
$8.38B
$8.80B
$8.53B
$8.74B
Total liabilities
$9.03B
$9.04B
$9.17B
$9.68B
$8.91B
$8.82B
$8.96B
$9.12B
$9.11B
$9.57B
$9.36B
$9.67B
Shareholders' equity
$10.16B
$10.13B
$10.03B
$9.92B
$9.76B
$9.72B
$9.67B
$9.63B
$9.53B
$9.09B
$9.05B
$8.82B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$87.54M
$265.58M
$369.80M
$313.62M
$132.81M
$300.52M
$382.46M
$394.60M
$128.65M
$293.05M
$383.62M
$383.91M
Capital expenditures
$11.23M
$8.47M
$5.97M
$8.39M
$7.78M
$7.21M
$8.10M
$6.76M
$6.26M
—
—
—
Free cash flow
$76.32M
$257.12M
$363.82M
$305.23M
$125.03M
$293.31M
$374.36M
$387.84M
$122.39M
$293.05M
$383.62M
$383.91M
Investing cash flow
-$3.96M
-$24.90M
-$175.30M
-$292.50M
$26.83M
-$114.22M
-$302.69M
-$154.08M
-$81.57M
-$52.28M
$133.36M
-$145.42M
Financing cash flow
-$166.00M
-$190.77M
-$178.72M
$261.18M
-$985.41M
-$287.36M
-$114.68M
-$128.58M
-$87.88M
-$222.65M
-$562.67M
-$227.94M
Dividends paid
$159.29M
$173.24M
$171.70M
$171.71M
$172.59M
$178.24M
$178.56M
$178.02M
$178.02M
$184.52M
$179.32M
$177.86M
Share buybacks
—
—
—
—
—
$0
$0
$0
$53.21M
$447.21M
$100.07M
$250.35M
Stock-based compensation
$8.01M
$7.90M
$7.49M
$5.42M
$7.11M
$10.16M
$8.46M
$1.92M
$7.29M
$10.70M
$9.35M
$11.46M
Depreciation & amortization
$173.16M
$175.31M
$176.62M
$180.48M
$181.91M
$183.15M
$185.46M
$188.46M
$189.88M
$193.14M
$194.30M
$195.75M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.