Invitation Homes (INVH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Invitation Homes

NYSE•Real Estate•REIT - Residential

$26.86+0.30(0.01%)Pre-market

Market Cap

$15.80B

P/E

23.2x

P/S

5.5x

P/B

1.8x

Invitation Homes Inc., an S&P 500 company, is the nation's premier single-family home leasing and management company, helping to expand housing through new development and strategic partnerships. Their purpose, Unlock the Power of Home, reflects their commitment to address America's housing needs by delivering high-quality living solutions and genuine care to those who choose the flexibility and value of leasing. Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.

How this company scores

WeakMetricSide Score: 62/100

Grade capped at D — Interest coverage below 1× (0.7x) — earnings cannot cover interest. Strongest: Growth (21/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability16/25

Growth21/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality16/25

Strengths

Rising earningsCash-backed earningsConsistent free cash flowProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.7x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.2x5y range 23.2x – 72.8x

Currently below its 20-quarter median.

P/S · 5.5x5y range 5.4x – 9.5x

Currently below its 20-quarter median.

P/B · 1.8x5y range 1.7x – 2.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 6.5% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $15.80B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.90B
Q. Revenue: $731.28M
TTM EBITDA: $1.11B
TTM Op. Income: $332.74M
Q. Op. Income: $67.11M
TTM Net Income: $682.40M
Q. Net Income: $158.49M
EPS: $0.27
Shares Out.: $588.41M

$2.90B in TTM revenue grew 7.2% YoY, reaching $731.28M last quarter. TTM EBITDA of $1.11B and TTM operating income of $332.74M show growth is flowing through to the bottom line. TTM net income of $682.40M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 35.9%
Op. Margin: 9.2%
Net Margin: 21.7%

Op. margin of 9.2% is down 4.0% YoY — costs are rising relative to revenue. Net margin at 21.7% Over the past year, operating margin is down 31% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.2x
P/S Ratio: 5.5x
P/B Ratio: 1.8x

At 23.2x P/E, the stock trades within typical market levels. P/S of 5.5x and P/B of 1.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 24% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $18.53B
Cash: $78.93M
Long-Term Debt: $8.74B
Book Value: $8.82B
D/E Ratio: 1.0
Debt/EBITDA: 33.2

With $18.53B in assets and $8.74B in long-term debt, D/E is 1.0and book value is $8.82B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 16% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $383.91M
TTM Free Cash Flow: $1.00B
FCF Margin: 34.6%
FCF / Net Income: 1.5

TTM FCF of $1.00B on $383.91M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.