American Homes 4 Rent vs Invitation Homes
Invitation Homes reported revenue of $2.7 billion in fiscal 2025, 1.5 times American Homes 4 Rent's $1.9 billion in fiscal 2025. American Homes 4 Rent's revenue grew 7.0% in its latest year, and Invitation Homes' grew 4.2%.
Side by side
| American Homes 4 Rent | Invitation Homes | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.9B | $2.7B |
| Revenue growth | 7.0% | 4.2% |
| Revenue growth a year, last 5 years | 9.6% | 8.4% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 27.8% | 21.5% |
| Free cash flow | $824M | — |
| Free cash flow margin | 44.5% | — |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $446M | $766M |
| Change in diluted share count | 0.8% | −0.1% |
| Last close | $32.11 | $27.52 |
| P/E at the last close | 25.5× | 25.2× |
| Insider trades, last 12 months | bought $1.2 million, sold $205,380 | — |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
American Homes 4 RentInvitation Homes
Operating margin
Percent of revenue
American Homes 4 RentInvitation Homes
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
American Homes 4 RentInvitation Homes
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the American Homes 4 Rent and Invitation Homes pages.