INVITATION HOMES INC (INVH) Fundamental Analysis & Valuation

NYSE:INVH • US46187W1071

25.21 USD
-0.54 (-2.1%)
At close: Mar 11, 2026
25.2 USD
-0.01 (-0.04%)
After Hours: 3/11/2026, 8:04:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This INVH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall INVH gets a fundamental rating of 4 out of 10. We evaluated INVH against 20 industry peers in the Residential REITs industry. There are concerns on the financial health of INVH while its profitability can be described as average. INVH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. INVH Profitability Analysis

1.1 Basic Checks

  • INVH had positive earnings in the past year.
  • In the past year INVH had a positive cash flow from operations.
  • INVH had positive earnings in each of the past 5 years.
  • In the past 5 years INVH always reported a positive cash flow from operatings.
INVH Yearly Net Income VS EBIT VS OCF VS FCFINVH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • INVH has a Return On Assets of 3.14%. This is comparable to the rest of the industry: INVH outperforms 50.00% of its industry peers.
  • INVH has a Return On Equity (6.16%) which is comparable to the rest of the industry.
  • INVH has a Return On Invested Capital of 3.26%. This is in the better half of the industry: INVH outperforms 75.00% of its industry peers.
  • INVH had an Average Return On Invested Capital over the past 3 years of 3.14%. This is in line with the industry average of 2.74%.
  • The 3 year average ROIC (3.14%) for INVH is below the current ROIC(3.26%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.14%
ROE 6.16%
ROIC 3.26%
ROA(3y)2.75%
ROA(5y)2.35%
ROE(3y)5.3%
ROE(5y)4.46%
ROIC(3y)3.14%
ROIC(5y)2.93%
INVH Yearly ROA, ROE, ROICINVH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 6

1.3 Margins

  • Looking at the Profit Margin, with a value of 21.51%, INVH is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of INVH has grown nicely.
  • INVH's Operating Margin of 27.57% is fine compared to the rest of the industry. INVH outperforms 75.00% of its industry peers.
  • INVH's Operating Margin has been stable in the last couple of years.
  • INVH has a Gross Margin (58.42%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of INVH has remained more or less at the same level.
Industry RankSector Rank
OM 27.57%
PM (TTM) 21.51%
GM 58.42%
OM growth 3Y-1.8%
OM growth 5Y1.45%
PM growth 3Y7.94%
PM growth 5Y14.89%
GM growth 3Y-1.39%
GM growth 5Y-0.35%
INVH Yearly Profit, Operating, Gross MarginsINVH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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2

2. INVH Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INVH is destroying value.
  • Compared to 1 year ago, INVH has less shares outstanding
  • INVH has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for INVH is higher compared to a year ago.
INVH Yearly Shares OutstandingINVH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
INVH Yearly Total Debt VS Total AssetsINVH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • INVH has an Altman-Z score of 1.15. This is a bad value and indicates that INVH is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.15, INVH perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
  • INVH has a debt to FCF ratio of 44.09. This is a negative value and a sign of low solvency as INVH would need 44.09 years to pay back of all of its debts.
  • INVH has a Debt to FCF ratio of 44.09. This is comparable to the rest of the industry: INVH outperforms 55.00% of its industry peers.
  • A Debt/Equity ratio of 0.88 indicates that INVH is somewhat dependend on debt financing.
  • INVH has a Debt to Equity ratio of 0.88. This is in the better half of the industry: INVH outperforms 65.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 44.09
Altman-Z 1.15
ROIC/WACC0.48
WACC6.78%
INVH Yearly LT Debt VS Equity VS FCFINVH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.42 indicates that INVH may have some problems paying its short term obligations.
  • INVH has a Current ratio (0.42) which is comparable to the rest of the industry.
  • INVH has a Quick Ratio of 0.42. This is a bad value and indicates that INVH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.42, INVH is in line with its industry, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.42
Quick Ratio 0.42
INVH Yearly Current Assets VS Current LiabilitesINVH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. INVH Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 31.51% over the past year.
  • INVH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.67% yearly.
  • The Revenue has been growing slightly by 4.21% in the past year.
  • Measured over the past years, INVH shows a quite strong growth in Revenue. The Revenue has been growing by 8.41% on average per year.
EPS 1Y (TTM)31.51%
EPS 3Y15.69%
EPS 5Y21.67%
EPS Q2Q%4.35%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y6.84%
Revenue growth 5Y8.41%
Sales Q2Q%3.96%

3.2 Future

  • INVH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.80% yearly.
  • Based on estimates for the next years, INVH will show a small growth in Revenue. The Revenue will grow by 4.55% on average per year.
EPS Next Y-18.19%
EPS Next 2Y-7.18%
EPS Next 3Y-0.52%
EPS Next 5Y4.8%
Revenue Next Year2.59%
Revenue Next 2Y2.84%
Revenue Next 3Y3.4%
Revenue Next 5Y4.55%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
INVH Yearly Revenue VS EstimatesINVH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B
INVH Yearly EPS VS EstimatesINVH Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 0.5 1

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4

4. INVH Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 26.26, INVH can be considered very expensive at the moment.
  • 70.00% of the companies in the same industry are more expensive than INVH, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.15. INVH is around the same levels.
  • INVH is valuated quite expensively with a Price/Forward Earnings ratio of 32.10.
  • INVH's Price/Forward Earnings ratio is rather cheap when compared to the industry. INVH is cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.27, INVH is valued a bit more expensive.
Industry RankSector Rank
PE 26.26
Fwd PE 32.1
INVH Price Earnings VS Forward Price EarningsINVH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, INVH is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as INVH.
Industry RankSector Rank
P/FCF 80.69
EV/EBITDA 15.76
INVH Per share dataINVH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • INVH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.21
EPS Next 2Y-7.18%
EPS Next 3Y-0.52%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. INVH Dividend Analysis

5.1 Amount

  • INVH has a Yearly Dividend Yield of 4.54%, which is a nice return.
  • Compared to an average industry Dividend Yield of 44.42, INVH has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, INVH pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.54%

5.2 History

  • The dividend of INVH is nicely growing with an annual growth rate of 14.23%!
  • INVH has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)14.23%
Div Incr Years0
Div Non Decr Years0
INVH Yearly Dividends per shareINVH Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 121.45% of the earnings are spent on dividend by INVH. This is not a sustainable payout ratio.
  • INVH's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP121.45%
EPS Next 2Y-7.18%
EPS Next 3Y-0.52%
INVH Yearly Income VS Free CF VS DividendINVH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M
INVH Dividend Payout.INVH Dividend Payout, showing the Payout Ratio.INVH Dividend Payout.PayoutRetained Earnings

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INVH Fundamentals: All Metrics, Ratios and Statistics

INVITATION HOMES INC

NYSE:INVH (3/11/2026, 8:04:29 PM)

After market: 25.2 -0.01 (-0.04%)

25.21

-0.54 (-2.1%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners102.9%
Inst Owner Change-3.14%
Ins Owners0.25%
Ins Owner Change19.72%
Market Cap15.36B
Revenue(TTM)2.73B
Net Income(TTM)586.96M
Analysts73.33
Price Target33.05 (31.1%)
Short Float %2.17%
Short Ratio1.95
Dividend
Industry RankSector Rank
Dividend Yield 4.54%
Yearly Dividend1.17
Dividend Growth(5Y)14.23%
DP121.45%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.97%
Min EPS beat(2)19.22%
Max EPS beat(2)30.72%
EPS beat(4)4
Avg EPS beat(4)28.64%
Min EPS beat(4)17.55%
Max EPS beat(4)47.06%
EPS beat(8)6
Avg EPS beat(8)15.01%
EPS beat(12)10
Avg EPS beat(12)17.35%
EPS beat(16)13
Avg EPS beat(16)13.44%
Revenue beat(2)0
Avg Revenue beat(2)-0.4%
Min Revenue beat(2)-0.74%
Max Revenue beat(2)-0.06%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-0.74%
Max Revenue beat(4)0.13%
Revenue beat(8)3
Avg Revenue beat(8)-0.33%
Revenue beat(12)3
Avg Revenue beat(12)-0.64%
Revenue beat(16)4
Avg Revenue beat(16)-0.72%
PT rev (1m)-2.3%
PT rev (3m)-5.81%
EPS NQ rev (1m)-6.45%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)-1.39%
EPS NY rev (3m)-5.57%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-0.51%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-0.53%
Valuation
Industry RankSector Rank
PE 26.26
Fwd PE 32.1
P/S 5.63
P/FCF 80.69
P/OCF 12.74
P/B 1.61
P/tB 1.66
EV/EBITDA 15.76
EPS(TTM)0.96
EY3.81%
EPS(NY)0.79
Fwd EY3.12%
FCF(TTM)0.31
FCFY1.24%
OCF(TTM)1.98
OCFY7.85%
SpS4.48
BVpS15.64
TBVpS15.22
PEG (NY)N/A
PEG (5Y)1.21
Graham Number18.38
Profitability
Industry RankSector Rank
ROA 3.14%
ROE 6.16%
ROCE 4.13%
ROIC 3.26%
ROICexc 3.29%
ROICexgc 3.34%
OM 27.57%
PM (TTM) 21.51%
GM 58.42%
FCFM 6.98%
ROA(3y)2.75%
ROA(5y)2.35%
ROE(3y)5.3%
ROE(5y)4.46%
ROIC(3y)3.14%
ROIC(5y)2.93%
ROICexc(3y)3.19%
ROICexc(5y)2.99%
ROICexgc(3y)3.25%
ROICexgc(5y)3.04%
ROCE(3y)3.97%
ROCE(5y)3.71%
ROICexgc growth 3Y4.35%
ROICexgc growth 5Y8.61%
ROICexc growth 3Y4.5%
ROICexc growth 5Y8.57%
OM growth 3Y-1.8%
OM growth 5Y1.45%
PM growth 3Y7.94%
PM growth 5Y14.89%
GM growth 3Y-1.39%
GM growth 5Y-0.35%
F-Score6
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 44.09
Debt/EBITDA 5.59
Cap/Depr 136%
Cap/Sales 37.22%
Interest Coverage 2.33
Cash Conversion 80.44%
Profit Quality 32.44%
Current Ratio 0.42
Quick Ratio 0.42
Altman-Z 1.15
F-Score6
WACC6.78%
ROIC/WACC0.48
Cap/Depr(3y)148.81%
Cap/Depr(5y)157.07%
Cap/Sales(3y)40.88%
Cap/Sales(5y)44.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.51%
EPS 3Y15.69%
EPS 5Y21.67%
EPS Q2Q%4.35%
EPS Next Y-18.19%
EPS Next 2Y-7.18%
EPS Next 3Y-0.52%
EPS Next 5Y4.8%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y6.84%
Revenue growth 5Y8.41%
Sales Q2Q%3.96%
Revenue Next Year2.59%
Revenue Next 2Y2.84%
Revenue Next 3Y3.4%
Revenue Next 5Y4.55%
EBIT growth 1Y1.4%
EBIT growth 3Y4.91%
EBIT growth 5Y9.97%
EBIT Next Year82%
EBIT Next 3Y24.87%
EBIT Next 5Y17.55%
FCF growth 1Y50.19%
FCF growth 3Y-8.78%
FCF growth 5YN/A
OCF growth 1Y11.5%
OCF growth 3Y5.62%
OCF growth 5Y11.6%

INVITATION HOMES INC / INVH FAQ

What is the ChartMill fundamental rating of INVITATION HOMES INC (INVH) stock?

ChartMill assigns a fundamental rating of 4 / 10 to INVH.


Can you provide the valuation status for INVITATION HOMES INC?

ChartMill assigns a valuation rating of 4 / 10 to INVITATION HOMES INC (INVH). This can be considered as Fairly Valued.


Can you provide the profitability details for INVITATION HOMES INC?

INVITATION HOMES INC (INVH) has a profitability rating of 6 / 10.


What is the financial health of INVITATION HOMES INC (INVH) stock?

The financial health rating of INVITATION HOMES INC (INVH) is 2 / 10.


Can you provide the dividend sustainability for INVH stock?

The dividend rating of INVITATION HOMES INC (INVH) is 5 / 10 and the dividend payout ratio is 121.45%.