Invitation Homes vs Sun Communities
Invitation Homes reported revenue of $2.7 billion in fiscal 2025, 1.2 times Sun Communities' $2.3 billion in fiscal 2025. Invitation Homes' revenue grew 4.2% in its latest year, and Sun Communities' grew 2.0%.
Side by side
| Invitation Homes | Sun Communities | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.7B | $2.3B |
| Revenue growth | 4.2% | 2.0% |
| Revenue growth a year, last 5 years | 8.4% | 10.5% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 21.5% | 61.3% |
| Free cash flow | — | $407M |
| Free cash flow margin | — | 17.7% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $766M | $1.6B |
| Change in diluted share count | −0.1% | −1.8% |
| Last close | $27.52 | $119.84 |
| P/E at the last close | 25.2× | 10.8× |
| Insider trades, last 12 months | — | sold $27.7 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ 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
Invitation HomesSun Communities
Operating margin
Percent of revenue
Invitation HomesSun Communities
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Invitation HomesSun Communities
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 Invitation Homes and Sun Communities pages.