financial statements

The full income statement, balance sheet, and cash-flow statement for Invitation Homes Inc. (INVH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.73B YoY+4.2%	2.62B YoY+7.7%	2.43B YoY+8.7%	2.24B YoY+12.1%	2.00B YoY+9.5%
Selling, general & administrative	95.3M YoY+5.1%	90.6M YoY+10.0%	82.3M YoY+11.2%	74.0M YoY-2.4%	75.8M YoY+19.8%
General & administrative	95.3M YoY+5.1%	90.6M YoY+10.0%	82.3M YoY+11.2%	74.0M YoY-2.4%	75.8M YoY+19.8%
Interest expense	—	—	333M YoY+9.7%	304M YoY-5.8%	323M YoY-8.8%
Other non-operating income	-4.34M YoY+91.8%	-53.0M YoY-2441.3%	-2.08M YoY+81.5%	-11.3M YoY-93.0%	-5.83M YoY-6684.9%
Equity-method income	-11.6M YoY+59.2%	-28.4M YoY-59.1%	-17.9M YoY-86.1%	-9.61M YoY-521.3%	-1.55M
Income tax	—	—	253K YoY+68.7%	150K YoY-72.8%	551K YoY-36.7%
	588M YoY+29.5%	454M YoY-12.6%	519M YoY+35.5%	383M YoY+46.6%	261M YoY+33.2%
Net income to non-controlling interest	1.99M YoY+37.1%	1.45M YoY-7.1%	1.56M YoY+6.0%	1.47M YoY+8.8%	1.35M YoY+9.2%
Net income to common	587M YoY+29.5%	453M YoY-12.6%	519M YoY+35.6%	383M YoY+46.6%	261M YoY+33.4%
	$0.96 YoY+29.7%	$0.74 YoY-12.9%	$0.85 YoY+34.9%	$0.63 YoY+40.0%	$0.45 YoY+28.6%
EPS (basic)	$0.96 YoY+29.7%	$0.74 YoY-12.9%	$0.85 YoY+34.9%	$0.63 YoY+40.0%	$0.45 YoY+28.6%
Weighted-avg shares (basic)	613M YoY+0.1%	613M YoY+0.1%	612M YoY+0.3%	610M YoY+5.6%	578M YoY+4.3%
Weighted-avg shares (diluted)	613M YoY-0.1%	614M YoY+0.1%	613M YoY+0.4%	611M YoY+5.5%	579M YoY+4.3%
Dividends per share	$1.17 YoY-17.0%	$1.41 YoY+35.6%	$1.04 YoY+18.2%	$0.88 YoY+29.4%	$0.68 YoY+13.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	130M YoY-25.5%	174M YoY-75.1%	701M YoY+166.5%	263M YoY-56.9%	610M YoY+185.9%
	18.7B YoY-0.1%	18.7B YoY-2.7%	19.2B YoY+3.7%	18.5B YoY-0.0%	18.5B YoY+5.9%
Property, plant & equipment	56.6M YoY+32.6%	42.7M YoY+35.7%	31.5M YoY+28.5%	24.5M YoY+47.5%	16.6M YoY+66.0%
Operating lease right-of-use	32.1M YoY+62.5%	19.8M YoY+114.1%	9.24M YoY-28.2%	12.9M YoY+17.4%	11.0M YoY-15.3%
Goodwill	258M YoY+0.0%	258M YoY+0.0%	258M YoY+0.0%	258M YoY+0.0%	258M YoY+0.0%
Intangible assets	19.4M	—	—	—	—
	9.11B YoY+2.3%	8.91B YoY-1.4%	9.03B YoY+10.0%	8.21B YoY-5.6%	8.70B YoY-2.8%
Long-term debt	8.38B YoY+2.2%	8.20B YoY-4.0%	8.55B YoY+10.0%	7.77B YoY-2.9%	8.00B YoY-0.4%
	9.53B YoY-2.3%	9.76B YoY-3.9%	10.2B YoY-1.3%	10.3B YoY+5.0%	9.80B YoY+15.2%
Additional paid-in capital	11.1B YoY-0.4%	11.2B YoY+0.1%	11.2B YoY+0.2%	11.1B YoY+2.4%	10.9B YoY+12.0%
Retained earnings	-1.61B YoY-8.8%	-1.48B YoY-38.3%	-1.07B YoY-12.5%	-951M YoY-19.7%	-795M YoY-20.2%
Accumulated other comprehensive income	6.42M YoY-89.5%	61.0M YoY-4.3%	63.7M YoY-35.0%	98.0M YoY+134.1%	-287M YoY+47.5%
Non-controlling interest	37.8M YoY+5.6%	35.7M YoY+3.7%	34.5M YoY+6.7%	32.3M YoY-21.4%	41.1M YoY-19.9%
Total equity incl. non-controlling	9.57B YoY-2.3%	9.79B YoY-3.9%	10.2B YoY-1.3%	10.3B YoY+4.9%	9.84B YoY+15.0%
Total liabilities & equity	18.7B YoY-0.1%	18.7B YoY-2.7%	19.2B YoY+3.7%	18.5B YoY-0.0%	18.5B YoY+5.9%
Common shares issued	610M YoY+0.0%	610M YoY+0.0%	610M YoY+0.0%	610M YoY+61035890.9%	1.00K YoY+0.0%
Common shares outstanding	611M YoY-0.3%	613M YoY+0.1%	612M YoY+0.1%	611M YoY+1.7%	601M YoY+6.0%
Shares outstanding (cover)	613M YoY+0.1%	613M YoY+0.1%	612M YoY+0.1%	611M YoY+2.5%	597M YoY+6.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.21B YoY+11.5%	1.08B YoY-2.3%	1.11B YoY+8.2%	1.02B YoY+12.8%	908M YoY+30.3%
Depreciation & amortization	747M YoY+4.6%	714M YoY+5.9%	674M YoY+5.7%	638M YoY+7.8%	592M YoY+7.2%
Share-based compensation	27.8M YoY-0.3%	27.9M YoY-5.4%	29.5M YoY+1.9%	29.0M YoY+6.6%	27.2M YoY+59.0%
	-653M YoY-40.1%	-466M YoY+39.8%	-774M YoY+5.0%	-814M YoY+29.8%	-1.16B YoY-172.7%
Other investing activities	77.5M YoY+19.1%	65.1M YoY+140.5%	27.1M YoY+19.2%	22.7M YoY+83.6%	12.4M YoY+465.2%
	-618M YoY+43.5%	-1.09B YoY-1094.1%	110M YoY+119.2%	-574M YoY-187.1%	659M YoY+551.3%
Common stock issued	—	0.00	0.00 YoY-100.0%	98.4M YoY-89.5%	934M YoY+36.0%
Common stock repurchased	53.2M	0.00	0.00	—	—
Dividends paid	713M YoY+3.4%	689M YoY+8.0%	638M YoY+18.4%	539M YoY+36.9%	394M YoY+18.6%
Other financing activities	-3.35M YoY+26.2%	-4.54M YoY-52.5%	-2.98M YoY+81.7%	-16.3M YoY+31.0%	-23.7M YoY-32.1%
Net change in cash	-64.8M YoY+86.4%	-478M YoY-207.7%	444M YoY+221.5%	-365M YoY-189.6%	407M YoY+224.3%
Interest paid	323M YoY+0.5%	321M YoY+10.6%	291M YoY+5.4%	276M YoY-3.4%	286M YoY-8.8%
Income taxes paid	84.0K YoY-46.8%	158K YoY-35.5%	245K YoY-84.0%	1.53M YoY+89.6%	809K YoY-37.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	17.0B YoY-13.0%	19.6B YoY-6.2%	20.9B YoY+15.2%	18.1B YoY-33.0%	27.1B YoY+62.5%
P/E	29.0× YoY-32.8%	43.1× YoY+1.4%	42.6× YoY-16.0%	50.6× YoY-51.1%	103.5× YoY+22.0%
P/S	6.2× YoY-16.5%	7.5× YoY-14.5%	8.7× YoY+5.3%	8.3× YoY-38.7%	13.6× YoY+48.4%
P/B	1.8× YoY-10.9%	2.0× YoY-1.6%	2.0× YoY+16.3%	1.8× YoY-36.5%	2.8× YoY+41.1%
P/FCF	14.1× YoY-22.0%	18.1× YoY-1.2%	18.3× YoY+4.3%	17.6× YoY-41.0%	29.8× YoY+24.8%
Earnings yield	3.5% YoY+48.9%	2.3% YoY-1.4%	2.3% YoY+19.0%	2.0% YoY+104.4%	1.0% YoY-18.0%
FCF yield	7.1% YoY+28.2%	5.5% YoY+1.2%	5.5% YoY-4.1%	5.7% YoY+69.6%	3.4% YoY-19.8%
Dividend yield	4.2% YoY-4.5%	4.4% YoY+44.7%	3.0% YoY+2.7%	3.0% YoY+98.0%	1.5% YoY-25.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: INVH's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all INVH filings on SEC EDGAR → Not investment advice.

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financial statements