INVH Invitation Homes margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 67

Gross margin

56.4%

Operating margin

36.7%

EBITDA margin

63%

Net margin

23.1%

At present, Invitation Homes reports a gross margin of 56.4%, an operating margin of 36.7%, an EBITDA margin of 63%, and a net margin of 23.1%. Net margin recorded the largest improvement, rising by 2.7 percentage points. Gross margin recorded the largest decline, falling by 2.5 percentage points.

INVH margin history

Gross, operating, EBITDA and net margin trends

Invitation Homes's margins averaged 58.67% gross, 35.33% operating, 61.04% EBITDA, and 20.17% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.

INVH margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in net margin, up 2.7 percentage points. Operating margin also expanded by 1.6 percentage points and Ebitda margin also expanded by 1.9 percentage points, while gross margin contracted by 2.5 percentage points.

Gross margin expansion

-2.5pp

Operating margin expansion

1.6pp

EBITDA margin expansion

1.9pp

Net margin expansion

2.7pp

INVH Gross margin

The average gross margin for Invitation Homes was 58.67% across the past 3 years. The current gross margin of 56.4% is 2.3 percentage points below its three-year average. The gross margin for Invitation Homes moved between 56.4% in Jun 2026 and 59.9% in Dec 2023.

INVH Operating margin

Looking back over the last 3 years, Invitation Homes recorded an average operating margin of 35.33%. Invitation Homes's current operating margin is 36.7% and is 1.4 percentage points above its three-year average. The highest operating margin for Invitation Homes was 36.7% in Jun 2026, while the lowest was 34.2% in Sep 2024.

INVH EBITDA margin

Invitation Homes recorded an average EBITDA margin of 61.04% across the last 3 years. Invitation Homes currently reports an EBITDA margin of 63%, 2 percentage points above its three-year average. EBITDA margin was highest at 63.2% in Mar 2024 and lowest at 58.3% in Sep 2024.

INVH Net margin

Across the last 3 years, Invitation Homes's net margin came to 20.17%. The current net margin stands at 23.1%, 2.9 percentage points above its three-year average. Net margin was highest at 23.1% in Jun 2026 and lowest at 17% in Sep 2024.

INVH margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 56.4%, INVH stands below the Real Estate sector and the industry average. Looking at its Real Estate sector average of 63%, Invitation Homes's gross margin is 10% lower.

INVH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Invitation Homes's gross margin?

For the period ending Jun 30, 2026, INVH recorded a gross margin of 56.4%.

What is Invitation Homes's operating margin?

As of Jun 30, 2026, INVH has an operating margin of 36.7%.

What is Invitation Homes's EBITDA margin?

As of Jun 30, 2026, INVH has an EBITDA margin of 63%.

What is Invitation Homes's net margin?

As of Jun 30, 2026, INVH has a net margin of 23.1%.

What are the average margins of INVH?

Over the last 3 years, Invitation Homes's margins averaged 58.7% gross, 35.3% operating, 61.0% EBITDA, and 20.2% net.

What are the highest historical margins of INVH?

Within the 5-year period, INVH recorded its highest margins at 61.5% gross in Jun 2022, 36.7% operating in Jun 2026, 63.2% EBITDA in Mar 2024, and 23.1% net in Jun 2026.

What are the lowest historical margins of INVH?

Invitation Homes's lowest recorded margins during the past 5 years were 56.4% gross in Jun 2026, 30.2% operating in Dec 2021, 58.3% EBITDA in Sep 2024, and 13.1% net in Dec 2021.