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Discontinued — last reported Q4 '25

CapEx at other companies

American Homes 4 Rent logo
American Homes 4 RentAMH
$9.41M+26.2%
AvalonBay Communities logo
AvalonBay CommunitiesAVB
$59.45M+22.9%
Equity Lifestyle Properties logo
Equity Lifestyle PropertiesELS
$45.29M+0.2%
Opendoor Technologies Inc logo
Opendoor Technologies IncOPEN
$4M0.0%
Centerspace logo
CenterspaceCSR
$5.32M+5.4%
Realty Income logo
Realty IncomeO

Other financials

Income statement

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Revenue$734.1M+8.8%
Net income$160.5M-3.2%
EPS (diluted)$0.26-3.7%

Balance sheet

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Cash & equivalents$373.0M+17.1%
Total debt$9.8B+21.0%
Total equity$9.1B-6.5%
Total assets$18.7B+0.7%

Cash flow

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Operating cash flow$293.0M-2.5%
Free cash flow$122.4M-2.1%

Valuation

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Market cap$17.69B-7.6%
Enterprise value$27.16B+0.4%
P/E30.4×-4.8×
P/S6.3×-0.8×

Profitability

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Operating margin15.5%
Net margin20.9%+2.9pp
FCF margin43.2%+3.0pp

Returns & leverage

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Return on equity6.2%+1.4pp
Debt / equity1.1×+0.2×

Where this comes from

Reported directly by Invitation Homes in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The official record: Invitation Homes’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Invitation Homes's capex?
Invitation Homes (INVH) reported capex of $6.26M in Q4 2025.
How has Invitation Homes's capex changed year-over-year?
Invitation Homes's capex decreased by 19.4% year-over-year, from $7.78M to $6.26M.
What is the long-term trend for Invitation Homes's capex?
Over 4 years (2021 to 2025), Invitation Homes's capex has grown at a -22.2% compound annual growth rate (CAGR), from $77.41M to $28.33M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.