Invitation Homes (INVH) Free Cash Flow (2016 - 2026)
Invitation Homes (INVH) posted quarterly Free Cash Flow of $321.2 million for Q2 2026, up 447.76% year-over-year from $58.6 million in Q2 2025, and up 45.03% quarter-over-quarter from $221.5 million in Q1 2026.
Invitation Homes (INVH) Free Cash Flow (2016 - 2026) Analysis & Trends
Invitation Homes (INVH) has reported Free Cash Flow for 11 consecutive years, with $321.2 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 447.76% year-over-year to $321.2 million; the TTM figure through Jun 2026 stood at $830.3 million (up 600.16% YoY), while the FY2025 annual figure was $453.3 million, up 31.84% from the prior year.
- Free Cash Flow improved to $321.2 million in Q2 2026 per INVH's latest filing, from $221.5 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $321.2 million in Q2 2026 and bottomed at -$367.0 million in Q3 2023.
- Historically, Free Cash Flow has averaged $107.9 million across 5 years, with a median of $105.2 million in 2022.
- Annual changes were most pronounced in 2024 — Free Cash Flow tumbled 299.76% — and 2025, when it jumped 1448.96%.
- Invitation Homes' Free Cash Flow stood at $64.1 million in 2022, then slumped by 51.51% to $31.1 million in 2023, then sank by 299.76% to -$62.1 million in 2024, then surged by 191.11% to $56.6 million in 2025, then soared by 467.79% to $321.2 million in 2026.
- Business Quant data shows INVH's Free Cash Flow at $321.2 million in Q2 2026, $221.5 million in Q1 2026, and $56.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 50.06 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | - |
| 3 | Invitation Homes | 17.81 Bn | 17.81 Bn | 705.34 Mn | 321.23 Mn |
| 4 | Mid America Apartment Communities | 15.25 Bn | 15.12 Bn | 537.17 Mn | - |
| 5 | Sun Communities | 14.88 Bn | 14.88 Bn | 460.10 Mn | 199.90 Mn |
| 6 | Equity Lifestyle Properties | 12.64 Bn | 12.64 Bn | 375.97 Mn | 83.76 Mn |
| 7 | American Homes 4 Rent | 12.38 Bn | 12.38 Bn | - | 291.77 Mn |
| 8 | Udr | 12.15 Bn | 12.15 Bn | 412.43 Mn | 201.45 Mn |
| 9 | Camden Property Trust | 10.98 Bn | 10.98 Bn | - | -140.86 Mn |
| 10 | Millrose Properties | 5.05 Bn | 5.05 Bn | - | 886.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 321.23 Mn |
| Jun 30, 2026 | 321.23 Mn |
| Mar 31, 2026 | 221.50 Mn |
| Mar 31, 2026 | 221.50 Mn |
| Dec 31, 2025 | 69.86 Mn |
| Dec 31, 2025 | 69.86 Mn |
| Sep 30, 2025 | 321.50 Mn |
| Sep 30, 2025 | 321.50 Mn |
| Jun 30, 2025 | 322.51 Mn |
| Jun 30, 2025 | 322.51 Mn |
| Mar 31, 2025 | 249.60 Mn |
| Mar 31, 2025 | 249.60 Mn |
| Dec 31, 2024 | -63.76 Mn |
| Dec 31, 2024 | -63.76 Mn |
| Sep 30, 2024 | 389.92 Mn |
| Sep 30, 2024 | 389.92 Mn |
| Jun 30, 2024 | 315.15 Mn |
| Jun 30, 2024 | 315.15 Mn |
| Mar 31, 2024 | 221.10 Mn |
| Mar 31, 2024 | 221.10 Mn |