Invitation Homes Inc. (INVH)INVHInvitation Homes Inc.

Financials

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	2.789B	734.112M	685.250M	688.166M	681.401M	674.479M	659.130M	660.322M	653.451M
Cost of Goods Sold	1.533B	329.593M	664.058M	259.037M	280.111M	274.188M	267.702M	276.610M	266.817M
Gross Profit	1.256B	404.519M	21.192M	429.129M	401.290M	400.291M	391.428M	383.712M	386.634M
Gross Profit Margin	55.1%	55.1%	3.1%	62.4%	58.9%	59.3%	59.4%	58.1%	59.2%
Total Operating Expenses	386.742M	325.119M	-165.867M	18.444M	209.046M	212.664M	205.851M	202.206M	198.120M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	98.051M	32.319M	23.697M	18.444M	23.591M	29.518M	23.939M	21.727M	21.498M
Operating Income (EBIT)	869.388M	79.400M	187.059M	410.685M	192.244M	187.627M	185.577M	181.506M	188.514M
Operating Margin	10.8%	10.8%	27.3%	59.7%	28.2%	27.8%	28.2%	27.5%	28.8%
Income Before Tax (EBT)	529.757M	161.065M	90.587M	136.738M	141.367M	166.282M	143.570M	95.578M	73.431M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	364.386M	95.313M	90.878M	90.781M	87.414M	84.254M	95.158M	91.060M	90.007M
Other Income/Expense	-339.631M	81.665M	-96.472M	-273.947M	-50.877M	-21.345M	-42.007M	-85.928M	-115.083M
Net Income	582.687M	160.508M	144.554M	136.738M	140.887M	165.745M	143.110M	95.269M	73.188M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	21.9%	21.9%	21.1%	19.9%	20.7%	24.6%	21.7%	14.4%	11.2%
EBITDA	1.626B	272.542M	376.934M	599.142M	377.699M	370.773M	367.489M	361.985M	365.136M
EBITDA Margin	37.1%	37.1%	55.0%	87.1%	55.4%	55.0%	55.8%	54.8%	55.9%
Depreciation & Amortization	756.929M	193.142M	189.875M	188.457M	185.455M	183.146M	181.912M	180.479M	176.622M
EPS Basic	0.95	0.26	0.24	0.22	0.23	0.27	0.23	0.16	0.12
EPS Diluted	0.95	0.26	0.24	0.22	0.23	0.27	0.23	0.15	0.12
Shares Outstanding	605.997M	605.997M	612.880M	613.085M	613.048M	612.778M	612.551M	612.675M	612.629M
Diluted Shares Outstanding	606.234M	606.234M	613.000M	613.085M	613.262M	613.362M	613.248M	613.645M	613.823M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	2.729B	2.619B	2.432B	2.238B	1.997B	1.823B	1.765B	1.723B
Cost of Goods Sold	2.629B	1.073B	976.144M	874.287M	777.759M	739.156M	731.601M	720.896M
Gross Profit	100.713M	1.546B	1.456B	1.364B	1.219B	1.084B	1.033B	1.002B
Gross Profit Margin	3.7%	59.0%	59.9%	60.9%	61.0%	59.5%	58.5%	58.2%
Total Operating Expenses	-640.240M	804.938M	756.631M	712.139M	667.950M	615.835M	607.993M	659.305M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	95.250M	90.612M	82.344M	74.025M	75.815M	63.305M	74.274M	98.764M
Operating Income (EBIT)	740.953M	741.241M	699.503M	651.695M	550.906M	467.837M	425.091M	342.761M
Operating Margin	27.1%	28.3%	28.8%	29.1%	27.6%	25.7%	24.1%	19.9%
Income Before Tax (EBT)	371.674M	455.365M	521.028M	384.799M	262.776M	197.449M	147.111M	-5.013M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	353.327M	366.070M	333.457M	304.092M	322.661M	353.923M	367.173M	383.595M
Other Income/Expense	-369.279M	-285.876M	-178.475M	-266.896M	-288.130M	-270.388M	-277.980M	-347.774M
Net Income	587.924M	453.917M	519.470M	383.329M	261.425M	196.212M	145.463M	-4.927M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	21.5%	17.3%	21.4%	17.1%	13.1%	10.8%	8.2%	-0.3%
EBITDA	1.488B	1.456B	1.374B	1.290B	1.143B	1.020B	958.810M	903.302M
EBITDA Margin	54.5%	55.6%	56.5%	57.6%	57.2%	56.0%	54.3%	52.4%
Depreciation & Amortization	746.933M	714.326M	674.287M	638.114M	592.135M	552.530M	533.719M	560.541M
EPS Basic	0.96	0.74	0.85	0.63	0.45	0.35	0.27	-0.01
EPS Diluted	0.96	0.74	0.85	0.63	0.45	0.35	0.27	-0.01
Shares Outstanding	612.948M	612.551M	611.894M	609.771M	577.681M	553.993M	531.236M	520.377M
Diluted Shares Outstanding	613.178M	613.632M	613.289M	611.112M	579.210M	555.459M	532.500M	520.377M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Invitation Homes Inc.

Invitation Homes stands as the nation's foremost provider of single-family rental properties, catering to evolving lifestyle needs by delivering contemporary, well-maintained residences. These homes boast desirable attributes such as convenient proximity to employment centers and reputable educational institutions. The company's central tenet, "Together with you, we make a house a home," underscores its dedication to fostering environments where individuals and families can genuinely prosper, supported by a personalized service model that continually elevates the tenant experience.

Dallas, TX

1,750 employees

www.invitationhomes.com

Real Estate / REIT - Residential

Sector: Real Estate
Industry: REIT - Residential
CEO: Dallas Tanner

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