Invitation Homes (INVH) FY2024 results: revenue $2.6 billion, up 7.7% on the year
Invitation Homes Inc. (INVH) reported revenue of $2.6 billion for fiscal 2024, the year ended 31 December 2024, up 7.7% on the year before. Net income was $454 million, down 12.6%, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$2.6 billion
+7.7% on the year
FY2017FY2024
Operating margin
11.2%
14.7% a year earlier
FY2017FY2024
Net income
$454 million
-12.6% on the year
FY2017FY2024
Diluted EPS
$0.74
-12.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,082
1,107
1,024
-2.3%
Capital expenditure
30.6
30.2
122
+1.3%
Free cash flow
1,051
1,077
901
-2.4%
Free cash flow margin
40.1%
44.3%
40.3%
Cash from investing
-466
-774
-814
Cash from financing
-1,094
110
-574
Share-based compensation
27.9
29.5
29.0
-5.4%
Buybacks
0.0
0.0
n/a
Dividends paid
689
638
539
+8.0%
Dividend per share
$1.41
$1.04
$0.88
+35.6%
Diluted shares, weighted
614m
613m
611m
+0.1%
Shares outstanding at period end
613m
612m
611m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
9,757
10,156
10,291
-3.9%
Non-controlling interest
35.7
34.5
32.3
+3.7%
Debt
8,202
8,546
7,769
-4.0%
Other liabilities
706
484
444
+45.8%
Total liabilities and equity
18,701
19,221
18,537
-2.7%
Fixed assets
42.7
31.5
24.5
+35.7%
Goodwill
258
258
258
0.0%
Securities held for sale or to maturity
54.6
86.5
87.0
-36.8%
Cash and equivalents
174
701
263
-75.1%
Other assets
18,171
18,144
17,904
+0.1%
Total assets
18,701
19,221
18,537
-2.7%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.