Invitation Homes Inc. — Earnings Quality Grade F
INVH · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 8 days, change -1 days YoY
AR growth -2.1% vs revenue growth 4.2%
Revenue 4.2%, CFFO 11.5%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 10.6% vs revenue 4.2%. Normal
SG&A/Gross Profit = 6.0%, excellent (<30%)
Gross margin 58.4%, change -0.6pp. Stable
Cash Flow Quality
CFFO/NI = 2.05. Profits backed by cash
FCF $1.0B, FCF/NI = 1.64
Accruals ratio = -3.3%. Low accruals
Cash $0.1B covers only 2% of debt $8.4B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 3% of equity. Manageable
Debt/EBITDA = 5.0x (>4x). Financial stress
Other assets 9.8% vs revenue 4.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.65 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Invitation Homes Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09