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Side-by-side financial comparison of Invitation Homes (INVH) and Woodward, Inc. (WWD). Click either name above to swap in a different company.

Woodward, Inc. is the larger business by last-quarter revenue ($996.5M vs $685.3M, roughly 1.5× Invitation Homes). Invitation Homes runs the higher net margin — 21.1% vs 13.4%, a 7.7% gap on every dollar of revenue. On growth, Woodward, Inc. posted the faster year-over-year revenue change (29.0% vs 4.0%). Invitation Homes produced more free cash flow last quarter ($122.4M vs $70.3M). Over the past eight quarters, Woodward, Inc.'s revenue compounded faster (9.2% CAGR vs 3.0%).

Invitation Homes Inc. is a public company traded on the New York Stock Exchange. It is headquartered in the Lincoln Center building in Dallas, Texas. Dallas B. Tanner is chief executive officer. As of 2017, the company was reportedly the largest owner of single-family rental homes in the United States. As of July 2024, the company owned about 84,000 rental homes in 16 markets. Seventeen percent of their rental income is from California.

Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components for aircraft, aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.

INVH vs WWD — Head-to-Head

Bigger by revenue
WWD
WWD
1.5× larger
WWD
$996.5M
$685.3M
INVH
Growing faster (revenue YoY)
WWD
WWD
+25.0% gap
WWD
29.0%
4.0%
INVH
Higher net margin
INVH
INVH
7.7% more per $
INVH
21.1%
13.4%
WWD
More free cash flow
INVH
INVH
$52.1M more FCF
INVH
$122.4M
$70.3M
WWD
Faster 2-yr revenue CAGR
WWD
WWD
Annualised
WWD
9.2%
3.0%
INVH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
INVH
INVH
WWD
WWD
Revenue
$685.3M
$996.5M
Net Profit
$144.6M
$133.7M
Gross Margin
29.3%
Operating Margin
17.0%
Net Margin
21.1%
13.4%
Revenue YoY
4.0%
29.0%
Net Profit YoY
1.0%
53.5%
EPS (diluted)
$0.24
$2.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INVH
INVH
WWD
WWD
Q4 25
$685.3M
$996.5M
Q3 25
$688.2M
$995.3M
Q2 25
$681.4M
$915.4M
Q1 25
$674.5M
$883.6M
Q4 24
$659.1M
$772.7M
Q3 24
$660.3M
$854.5M
Q2 24
$653.5M
$847.7M
Q1 24
$646.0M
$835.3M
Net Profit
INVH
INVH
WWD
WWD
Q4 25
$144.6M
$133.7M
Q3 25
$136.7M
$137.6M
Q2 25
$140.9M
$108.4M
Q1 25
$165.7M
$108.9M
Q4 24
$143.1M
$87.1M
Q3 24
$95.3M
$83.3M
Q2 24
$73.2M
$102.1M
Q1 24
$142.3M
$97.6M
Gross Margin
INVH
INVH
WWD
WWD
Q4 25
29.3%
Q3 25
27.9%
Q2 25
27.2%
Q1 25
27.2%
Q4 24
24.5%
Q3 24
24.3%
Q2 24
27.1%
Q1 24
28.1%
Operating Margin
INVH
INVH
WWD
WWD
Q4 25
17.0%
Q3 25
16.1%
Q2 25
13.9%
Q1 25
15.0%
Q4 24
13.2%
Q3 24
11.9%
Q2 24
14.4%
Q1 24
14.4%
Net Margin
INVH
INVH
WWD
WWD
Q4 25
21.1%
13.4%
Q3 25
19.9%
13.8%
Q2 25
20.7%
11.8%
Q1 25
24.6%
12.3%
Q4 24
21.7%
11.3%
Q3 24
14.4%
9.7%
Q2 24
11.2%
12.0%
Q1 24
22.0%
11.7%
EPS (diluted)
INVH
INVH
WWD
WWD
Q4 25
$0.24
$2.17
Q3 25
$0.22
$2.23
Q2 25
$0.23
$1.76
Q1 25
$0.27
$1.78
Q4 24
$0.24
$1.42
Q3 24
$0.15
$1.36
Q2 24
$0.12
$1.63
Q1 24
$0.23
$1.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INVH
INVH
WWD
WWD
Cash + ST InvestmentsLiquidity on hand
$130.0M
$454.2M
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$9.5B
$2.6B
Total Assets
$18.7B
$4.7B
Debt / EquityLower = less leverage
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVH
INVH
WWD
WWD
Q4 25
$130.0M
$454.2M
Q3 25
$155.4M
$327.4M
Q2 25
$65.1M
$473.2M
Q1 25
$84.4M
$364.1M
Q4 24
$174.5M
$283.7M
Q3 24
$1.0B
$282.3M
Q2 24
$749.4M
$308.3M
Q1 24
$738.1M
$316.9M
Total Debt
INVH
INVH
WWD
WWD
Q4 25
$8.4B
Q3 25
$8.2B
$579.9M
Q2 25
$8.2B
Q1 25
$8.1B
Q4 24
$8.2B
Q3 24
$9.0B
$655.5M
Q2 24
$8.5B
Q1 24
$8.5B
Stockholders' Equity
INVH
INVH
WWD
WWD
Q4 25
$9.5B
$2.6B
Q3 25
$9.6B
$2.6B
Q2 25
$9.7B
$2.5B
Q1 25
$9.7B
$2.3B
Q4 24
$9.8B
$2.2B
Q3 24
$9.9B
$2.2B
Q2 24
$10.0B
$2.2B
Q1 24
$10.1B
$2.3B
Total Assets
INVH
INVH
WWD
WWD
Q4 25
$18.7B
$4.7B
Q3 25
$18.8B
$4.6B
Q2 25
$18.7B
$4.7B
Q1 25
$18.6B
$4.5B
Q4 24
$18.7B
$4.3B
Q3 24
$19.6B
$4.4B
Q2 24
$19.2B
$4.3B
Q1 24
$19.2B
$4.4B
Debt / Equity
INVH
INVH
WWD
WWD
Q4 25
0.88×
Q3 25
0.86×
0.23×
Q2 25
0.85×
Q1 25
0.83×
Q4 24
0.84×
Q3 24
0.91×
0.30×
Q2 24
0.85×
Q1 24
0.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INVH
INVH
WWD
WWD
Operating Cash FlowLast quarter
$128.7M
$114.4M
Free Cash FlowOCF − Capex
$122.4M
$70.3M
FCF MarginFCF / Revenue
17.9%
7.1%
Capex IntensityCapex / Revenue
0.9%
4.4%
Cash ConversionOCF / Net Profit
0.89×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$409.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVH
INVH
WWD
WWD
Q4 25
$128.7M
$114.4M
Q3 25
$394.6M
$233.3M
Q2 25
$382.5M
$125.6M
Q1 25
$300.5M
$77.8M
Q4 24
$132.8M
$34.5M
Q3 24
$313.6M
$141.8M
Q2 24
$369.8M
$153.2M
Q1 24
$265.6M
$97.3M
Free Cash Flow
INVH
INVH
WWD
WWD
Q4 25
$122.4M
$70.3M
Q3 25
$387.8M
$180.9M
Q2 25
$374.4M
$99.1M
Q1 25
$293.3M
$59.4M
Q4 24
$125.0M
$942.0K
Q3 24
$305.2M
$117.7M
Q2 24
$363.8M
$137.3M
Q1 24
$257.1M
$82.8M
FCF Margin
INVH
INVH
WWD
WWD
Q4 25
17.9%
7.1%
Q3 25
56.4%
18.2%
Q2 25
54.9%
10.8%
Q1 25
43.5%
6.7%
Q4 24
19.0%
0.1%
Q3 24
46.2%
13.8%
Q2 24
55.7%
16.2%
Q1 24
39.8%
9.9%
Capex Intensity
INVH
INVH
WWD
WWD
Q4 25
0.9%
4.4%
Q3 25
1.0%
5.3%
Q2 25
1.2%
2.9%
Q1 25
1.1%
2.1%
Q4 24
1.2%
4.3%
Q3 24
1.3%
2.8%
Q2 24
0.9%
1.9%
Q1 24
1.3%
1.7%
Cash Conversion
INVH
INVH
WWD
WWD
Q4 25
0.89×
0.86×
Q3 25
2.89×
1.70×
Q2 25
2.71×
1.16×
Q1 25
1.81×
0.71×
Q4 24
0.93×
0.40×
Q3 24
3.29×
1.70×
Q2 24
5.05×
1.50×
Q1 24
1.87×
1.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INVH
INVH

Segment breakdown not available.

WWD
WWD

Transferred At Point In Time$253.6M25%
Commercial OEM$187.9M19%
Transportation$166.3M17%
Defense OEM$138.2M14%
Power Generation$122.8M12%
Oil And Gas$72.4M7%
Defense Aftermarket$63.8M6%

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