# INVH · Invitation Homes Inc.

Snapshot 2026-10-26 · CIK 0001687229 · NYSE · Real Estate Operators (No Developers) & Lessors

Price 27.54 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 16.27 B

Machine-readable: https://theclaudetrader.com/s/INVH.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 60.2 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2016–2025 · price 2026-10-23 · verification {'verified': 10, 'mismatch': 0, 'unverified': 16, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 2.73 revenue $B · threshold >= 1 · points 5.0/5
- 2 Debt <= equity (unclassified balance sheet fallback): 0.94  · threshold <= 1.0 · points 30.0/30
- 3 Positive earnings each of 10 years: 7 of 10  · threshold 10 of 10 · points 10.5/15
- 4 Dividends every year for 20 years: 9 of 20  · threshold 20 of 20 · points 6.75/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: None  · threshold >= +33% · points None/10
- 6 P/E on 3-year average EPS: 32.4  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 1.80, product 58.2  · threshold <= 1.5 or <= 22.5 · points 8.0/10

Inputs:
  - Price (close, per traded unit): 27.54 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 2729296000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - debt_incl_current: 8526691000.0 · 2026-06-30 · SEC XBRL LongTermDebt (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - equity: 9054417000.0 · 2026-06-30 · SEC XBRL StockholdersEquity (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - Net income FY2016: -78239000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/ · unverified
  - Net income FY2017: -105337000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722920000004/ · unverified
  - Net income FY2018: -4927000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722921000005/ · unverified
  - Net income FY2019: 145463000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/ · unverified
  - Net income FY2020: 196212000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · unverified
  - Net income FY2021: 261425000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Net income FY2022: 383329000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Net income FY2023: 519470000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2024: 453917000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2025: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Dividend years (Yahoo): [2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/INVH/history?filter=div · verified (partly: XBRL covers 9 of 20 years)
  - Dividends per share FY2017 (XBRL): 0.22 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722920000004/ · verified
  - Dividends per share FY2018 (XBRL): 0.44 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722921000005/ · verified
  - Dividends per share FY2019 (XBRL): 0.52 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/ · verified
  - Dividends per share FY2020 (XBRL): 0.6 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · verified
  - Dividends per share FY2021 (XBRL): 0.68 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · verified
  - Dividends per share FY2022 (XBRL): 0.88 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · verified
  - Dividends per share FY2023 (XBRL): 1.04 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · verified
  - Dividends per share FY2024 (XBRL): 1.41 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · verified
  - Dividends per share FY2025 (XBRL): 1.17 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · verified
  - EPS diluted FY2023: 0.85 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - EPS diluted FY2024: 0.74 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - EPS diluted FY2025: 0.96 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Shares outstanding: 590623226.0 · 2026-07-29 · SEC cover page 10-Q 0001687229-26-000045 (590,623,226 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/invh-20260630.htm · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/R1.htm

### Magic Formula: — (insufficient data (latest annual operating income is CY2017)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 54.5 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: -3.7 % · threshold  · points 16.8/50
-  6 month return: 3.1 % · threshold  · points 9.8/20
-  Price / 52-week high: 0.91  · threshold  · points 13.7/15
-  Volatility penalty (60d annualised): 17.1 % · threshold  · points 14.2/15

Inputs:
  - Adjusted close series (14 months): 27.54 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

### Buffett Quality: 34.7 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 37, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 3.3% over 8 yrs  · threshold >= 15% · points 0.0/25
- 2 Profitable every year: 7 of 10  · threshold all years · points 10.5/15
- 3 Net income growth, 3-yr average now vs start of window: base or latest average not positive  · threshold >= +10% · points 0.0/10
- 4 Borrowings / 3-yr average earnings (years to repay): 16.4 years · threshold <= 4 · points 0.0/15
- 5 Operating margin, 5-yr average: 0 years with operating income and revenue  · threshold >= 20% · points None/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 2.28  · threshold >= 1.0 · points 10.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 6.8%  · threshold >= 7% · points 14.2/15

Inputs:
  - Price (close, per traded unit): 27.54 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: -4927000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722921000005/ · unverified
  - Equity at FY2018 end: 8229111000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722920000004/ · unverified
  - Net income FY2019: 145463000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/ · unverified
  - Equity at FY2019 end: 8214422000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722921000005/ · unverified
  - Net income FY2020: 196212000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · unverified
  - Equity at FY2020 end: 8504825000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/ · unverified
  - Net income FY2021: 261425000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Equity at FY2021 end: 9797742000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · unverified
  - Net income FY2022: 383329000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Equity at FY2022 end: 10291342000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Net income FY2023: 519470000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Equity at FY2023 end: 10155971000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Net income FY2024: 453917000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Equity at FY2024 end: 9756764000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2025: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Equity at FY2025 end: 9530132000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - Net income FY2016: -78239000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/ · unverified
  - Net income FY2017: -105337000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722920000004/ · unverified
  - Net income FY2018: -4927000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722921000005/ · unverified
  - Net income FY2019: 145463000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/ · unverified
  - Net income FY2020: 196212000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · unverified
  - Net income FY2021: 261425000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Net income FY2022: 383329000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Net income FY2023: 519470000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2024: 453917000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2025: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - debt_incl_current: 8526691000.0 · 2026-06-30 · SEC XBRL LongTermDebt (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - Operating cash flow FY2021: 907660000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Capital expenditure FY2021: 77408000.0 · 2021-12-31 · SEC XBRL PaymentsForCapitalImprovements (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Operating cash flow FY2022: 1023587000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Capital expenditure FY2022: 122371000.0 · 2022-12-31 · SEC XBRL PaymentsForCapitalImprovements (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Operating cash flow FY2023: 1107088000.0 · 2023-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Capital expenditure FY2023: 30207000.0 · 2023-12-31 · SEC XBRL PaymentsForCapitalImprovements (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Operating cash flow FY2024: 1081805000.0 · 2024-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Capital expenditure FY2024: 30605000.0 · 2024-12-31 · SEC XBRL PaymentsForCapitalImprovements (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Operating cash flow FY2025: 1206230000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Capital expenditure FY2025: 28332000.0 · 2025-12-31 · SEC XBRL PaymentsForCapitalImprovements (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Shares outstanding: 590623226.0 · 2026-07-29 · SEC cover page 10-Q 0001687229-26-000045 (590,623,226 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/invh-20260630.htm · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/R1.htm

### Lynch GARP: 69.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 1.28  · threshold <= 1.0 · points 21.5/30
- 2 EPS growth, 5-yr compound rate: +22.4% a year  · threshold 12% to 35% a year · points 20.0/20
- 3 P/E on latest annual EPS: 28.7  · threshold <= 25 · points 7.5/10
- 4 Borrowings / equity: 0.94  · threshold <= 0.5 · points 8.4/15
- 5 Years of the last 5 in which EPS rose: 4 of 5  · threshold 5 of 5 · points 12.0/15
- 6 Net cash (cash minus borrowings) / market cap: -52.0%  · threshold >= +10% · points 0.0/10

Inputs:
  - Price (close, per traded unit): 27.54 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 0.96 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - EPS diluted FY2020: 0.35 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · unverified
  - debt_incl_current: 8526691000.0 · 2026-06-30 · SEC XBRL LongTermDebt (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - equity: 9054417000.0 · 2026-06-30 · SEC XBRL StockholdersEquity (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - cash: 75786000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified

### Graham Enterprising: 45.1 (partial: 1, 2, 7) · complete: False · missing tests: 1, 2, 7 · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 8, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: None  · threshold >= 1.5 · points None/15
- 2 Borrowings vs working capital: None  · threshold <= 1.1x · points None/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 0.35 -> 0.96  · threshold higher · points 10.0/10
- 6 Price / book value per share: 1.8  · threshold <= 1.2 · points 10.1/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points None/15

Inputs:
  - Price (close, per traded unit): 27.54 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2021: 261425000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/ · unverified
  - Net income FY2022: 383329000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/ · unverified
  - Net income FY2023: 519470000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2024: 453917000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Net income FY2025: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/INVH/history?filter=div
  - EPS diluted FY2025: 0.96 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - EPS diluted FY2020: 0.35 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/ · unverified
  - equity: 9054417000.0 · 2026-06-30 · SEC XBRL StockholdersEquity (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - Shares outstanding: 590623226.0 · 2026-07-29 · SEC cover page 10-Q 0001687229-26-000045 (590,623,226 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/invh-20260630.htm · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/R1.htm

### Piotroski F-Score: 66.7 (partial: 5, 6, 8) · complete: False · missing tests: 5, 6, 8 · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 15, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 3.1%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 1,206M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 2.4% -> 3.1%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 1,206M vs 588M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: None  · threshold pass = 1 · points None/11.11111111111111
- 6 Current ratio improved: None  · threshold pass = 1 · points None/11.11111111111111
- 7 No new shares issued (share count did not rise): 613M -> 591M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): None  · threshold pass = 1 · points None/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.14 -> 0.15  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - total_assets 2025-12-31: 18680290000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - cfo 2025-12-31: 1206230000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - net_income 2025-12-31: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - net_income 2024-12-31: 453917000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - total_assets 2025-12-31: 18680290000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - total_assets 2024-12-31: 18700951000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - cfo 2025-12-31: 1206230000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - net_income 2025-12-31: 587924000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - shares_out 2026-07-29: 590623226.0 · 2026-07-29 · SEC XBRL EntityCommonStockSharesOutstanding (companyfacts) · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - shares_out 2025-07-30: 613008220.0 · 2025-07-30 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000036/ · unverified
  - revenue 2025-12-31: 2729296000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - revenue 2024-12-31: 2618942000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified
  - total_assets 2025-12-31: 18680290000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/ · unverified
  - total_assets 2024-12-31: 18700951000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 27.54 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 590,623,226 underlying shares, period 2026-07-29, SEC cover page 10-Q 0001687229-26-000045 (590,623,226 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/invh-20260630.htm, accession 0001687229-26-000045 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 16,265,763,644 USD; 27.54 (price 2026-10-23) / 1 x 590,623,226 (shares at 2026-07-29) = 16,265,763,644

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2015 (ended 2015-12-31): 59535000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/
- FY2016 (ended 2016-12-31): 922587000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/
- FY2017 (ended 2017-12-31): 1054456000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/
- FY2018 (ended 2018-12-31): 1722962000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/
- FY2019 (ended 2019-12-31): 1764685000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/
- FY2020 (ended 2020-12-31): 1822828000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/
- FY2021 (ended 2021-12-31): 1996615000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/
- FY2022 (ended 2022-12-31): 2238121000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/
- FY2023 (ended 2023-12-31): 2432278000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/
- FY2024 (ended 2024-12-31): 2618942000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/
- FY2025 (ended 2025-12-31): 2729296000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/

## Net income by fiscal year (SEC XBRL)

- FY2015 (ended 2015-12-31): -160208000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722918000018/
- FY2016 (ended 2016-12-31): -78239000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722919000014/
- FY2017 (ended 2017-12-31): -105337000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722920000004/
- FY2018 (ended 2018-12-31): -4927000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722921000005/
- FY2019 (ended 2019-12-31): 145463000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722922000002/
- FY2020 (ended 2020-12-31): 196212000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722923000029/
- FY2021 (ended 2021-12-31): 261425000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722924000013/
- FY2022 (ended 2022-12-31): 383329000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722925000008/
- FY2023 (ended 2023-12-31): 519470000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/
- FY2024 (ended 2024-12-31): 453917000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/
- FY2025 (ended 2025-12-31): 587924000.0 · https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2017 (ended 2017-12-31): -0.26 [filed -0.26, split factor 1.0]
- FY2018 (ended 2018-12-31): -0.01 [filed -0.01, split factor 1.0]
- FY2019 (ended 2019-12-31): 0.27 [filed 0.27, split factor 1.0]
- FY2020 (ended 2020-12-31): 0.35 [filed 0.35, split factor 1.0]
- FY2021 (ended 2021-12-31): 0.45 [filed 0.45, split factor 1.0]
- FY2022 (ended 2022-12-31): 0.63 [filed 0.63, split factor 1.0]
- FY2023 (ended 2023-12-31): 0.85 [filed 0.85, split factor 1.0]
- FY2024 (ended 2024-12-31): 0.74 [filed 0.74, split factor 1.0]
- FY2025 (ended 2025-12-31): 0.96 [filed 0.96, split factor 1.0]

## Dividend years (Yahoo history)

2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)


## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001687229
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001687229.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001687229&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001687229&type=8-K
- yahoo: https://finance.yahoo.com/quote/INVH
- stooq: https://stooq.com/q/d/?s=invh.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=INVH
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=INVH
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/invh/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/INVH
- openinsider (link only, nothing stored): http://openinsider.com/search?q=INVH
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=INVH+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/INVH; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.