Invitation Homes annual free cash flow
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2025
Invitation Homes Free Cash Flow (FCF) History (INVH)
Invitation Homes reported $963.5M in free cash flow for fiscal 2025, an increase of 11.72% from the previous fiscal year, with a free cash flow margin of 35.30%.
View full Invitation Homes company overviewInvitation Homes free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $963.5M | $101.1M | +11.72% | +35.30% |
| 2024 | 2024-12-31 | $862.4M | −$23.6M | −2.66% | +32.93% |
| 2023 | 2023-12-31 | $886.0M | $70.5M | +8.64% | +36.43% |
| 2022 | 2022-12-31 | $815.5M | $70.7M | +9.49% | +36.44% |
| 2021 | 2021-12-31 | $744.8M | $220.4M | +42.03% | +37.30% |
| 2020 | 2020-12-31 | $524.4M | $26.5M | +5.33% | +28.77% |
| 2019 | 2019-12-31 | $497.9M | $78.3M | +18.67% | +28.21% |
| 2018 | 2018-12-31 | $419.6M | $160.7M | +62.06% | — |
| 2017 | 2017-12-31 | $258.9M | $12.6M | +5.12% | +24.55% |
| 2016 | 2016-12-31 | $246.3M | $50.8M | +26.01% | +26.69% |
| 2015 | 2015-12-31 | $195.4M | — | — | +23.38% |
Invitation Homes quarterly free cash flow
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q1.18
Q2.18
Q3.18
Q1.19
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q1.23
Q2.23
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $329.4M | $6.8M | +2.12% | +665.91% |
| Q1 2026 | 2026-03-31 | $236.0M | −$13.6M | −5.45% | +539.49% |
| Q4 2025 | 2025-12-31 | $69.9M | −$11.2M | −13.85% | +3.42% |
| Q3 2025 | 2025-09-30 | $321.5M | $76.4M | +31.19% | +46.72% |
| Q2 2025 | 2025-06-30 | $322.5M | $7.4M | +2.34% | — |
| Q1 2025 | 2025-03-31 | $249.6M | $28.5M | +12.89% | — |
| Q4 2024 | 2024-12-31 | $81.1M | — | — | +12.30% |
| Q3 2024 | 2024-09-30 | $245.1M | −$116.1M | −32.15% | +37.11% |
| Q2 2024 | 2024-06-30 | $315.2M | $87.0M | +38.13% | +48.23% |
| Q1 2024 | 2024-03-31 | $221.1M | −$46.7M | −17.43% | +34.22% |
| Q3 2023 | 2023-09-30 | $361.2M | $70.0M | +24.04% | +58.48% |
| Q2 2023 | 2023-06-30 | $228.2M | −$38.4M | −14.42% | +38.00% |
| Q1 2023 | 2023-03-31 | $267.8M | $73.6M | +37.90% | +45.39% |
| Q3 2022 · Sep 30 | 2022-09-30 | $291.2M | $24.2M | +9.08% | +51.21% |
| Q2 2022 · Jun 30 | 2022-06-30 | $266.6M | $74.3M | +38.63% | +47.84% |
| Q1 2022 · Mar 31 | 2022-03-31 | $194.2M | −$11.5M | −5.61% | +36.48% |
| Q3 2021 · Sep 30 | 2021-09-30 | $266.9M | $80.9M | +43.47% | +52.39% |
| Q2 2021 · Jun 30 | 2021-06-30 | $192.3M | $17.9M | +10.26% | +39.12% |
| Q1 2021 | 2021-03-31 | $205.7M | $68.2M | +49.62% | +43.29% |
| Q3 2020 · Sep 30 | 2020-09-30 | $186.1M | $18.8M | +11.25% | +40.52% |
| Q2 2020 · Jun 30 | 2020-06-30 | $174.4M | $32.9M | +23.27% | +38.78% |
| Q1 2020 · Mar 31 | 2020-03-31 | $137.5M | −$26.2M | −16.00% | +30.57% |
| Q3 2019 | 2019-09-30 | $167.2M | −$33.8M | −16.81% | +37.72% |
| Q2 2019 · Jun 30 | 2019-06-30 | $141.5M | −$37.0M | −20.71% | +32.04% |
| Q1 2019 · Mar 31 | 2019-03-31 | $163.7M | $33.6M | +25.87% | +37.59% |
| Q3 2018 | 2018-09-30 | $201.0M | $101.8M | +102.52% | +667.63% |
| Q2 2018 · Jun 30 | 2018-06-30 | $178.5M | $85.9M | +92.80% | +624.44% |
| Q1 2018 · Mar 31 | 2018-03-31 | $130.1M | $54.2M | +71.56% | +466.52% |
| Q3 2017 · Sep 30 | 2017-09-30 | $99.3M | $8.8M | +9.78% | +700.97% |
| Q2 2017 · Jun 30 | 2017-06-30 | $92.6M | $15.7M | +20.36% | +675.03% |
| Q1 2017 | 2017-03-31 | $75.8M | −$910,000 | −1.19% | +31.75% |
| Q4 2016 | 2016-12-31 | $2.2M | — | — | +0.95% |
| Q3 2016 | 2016-09-30 | $90.4M | — | — | +38.80% |
| Q2 2016 | 2016-06-30 | $76.9M | — | — | +33.36% |
| Q1 2016 | 2016-03-31 | $76.7M | — | — | +34.17% |
Invitation Homes free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $524.4M to $963.5M, a compound annual growth rate of 12.94%. Invitation Homes's latest reported quarter, Q2 2026, generated $329.4M in free cash flow, an increase of 2.12% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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