Aureus
AExcellent

Invitation Homes Inc.(INVH)

A

Financial data as of Dec 31, 2024Improving · Real Estate

FCF Margin32.9%Free Cash Flow / Revenue
Cash Conversion238.3%Operating CF / Net Income
Free Cash Flow$862.4M
Revenue$2.6B
Net Cash-$8.0BNet debt position
Debt / FCF9.5xElevated debt burden
Current Ratio0.82Tight short-term liquidity
YoY FCF Growth+31.2%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-1High debt-to-FCF ratio (9.5x)
→
+0.5Healthy FCF margin with manageable debt (32.9%, 9.5x)
→
-1Current ratio below 1.0 (0.82)
→
+1Strong YoY FCF growth (31.2% YoY)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (32.9%)
  • Excellent cash conversion (238%)
  • Strong YoY FCF growth (+31.2%)
  • FCF trend is improving

Concerns

  • Heavy debt position ($8.0B)
  • High debt-to-FCF ratio (9.5x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin32.9%
Net Margin17.3%
Operating CF Margin41.3%
CapEx Ratio8.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$8.0BNet debt position
Debt / FCF9.5xElevated debt burden
Current Ratio0.82Tight liquidity
Debt / Equity0.84Low leverage

Quarterly FCF Trend

+31.2% YoYImproving (+31.2%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameInvitation Homes Inc.
SectorReal Estate
Free Cash Flow$862.4M
Revenue$2.6B
Net Income$453.9M
Operating Cash Flow$1.1B
Capital Expenditure$219.4M
FCF Margin32.9%
Cash Conversion Rate238.3%
Net Margin17.3%
Total Debt$8.2B
Total Cash$174.5M
Net Cash-$8.0B
Current Ratio0.82
Debt / Equity0.84
Debt / FCF9.5x
YoY FCF Growth+31.2%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance