INVH Invitation Homes margins

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Relative Growth: Rel. Growth: 78
Relative Strength: Rel. Strength: 41
Relative Valuation: Rel. Valuation: 52
Relative Profitability: Rel. Profitability: 67
Gross margin
55.7%
Operating margin
38.5%
EBITDA margin
63.1%
Net margin
23.5%

At present, Invitation Homes reports a gross margin of 55.7%, an operating margin of 38.5%, an EBITDA margin of 63.1%, and a net margin of 23.5%. Operating margin recorded the largest improvement, rising by 3 percentage points. Gross margin recorded the largest decline, falling by 2.9 percentage points.

INVH margin history

Gross, operating, EBITDA and net margin trends

Invitation Homes's margins averaged 58.43% gross, 35.59% operating, 61.21% EBITDA, and 20.45% 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 operating margin, up 3 percentage points. Ebitda margin also expanded by 0.8 percentage points and Net margin also expanded by 1.8 percentage points, while gross margin contracted by 2.9 percentage points.

Gross margin expansion
-2.9pp
Operating margin expansion
3pp
EBITDA margin expansion
0.8pp
Net margin expansion
1.8pp

INVH Gross margin

The average gross margin for Invitation Homes was 58.43% across the past 3 years. The current gross margin of 55.7% is 2.7 percentage points below its three-year average. The gross margin for Invitation Homes moved between 55.7% in Sep 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 35.59%. Invitation Homes's current operating margin is 38.5% and is 2.9 percentage points above its three-year average. The highest operating margin for Invitation Homes was 38.5% in Sep 2026, while the lowest was 34.2% in Sep 2024.

INVH EBITDA margin

Invitation Homes recorded an average EBITDA margin of 61.21% across the last 3 years. Invitation Homes currently reports an EBITDA margin of 63.1%, 1.9 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 20.45%. The current net margin stands at 23.5%, 3.1 percentage points above its three-year average. Net margin was highest at 23.5% in Sep 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 55.7%, INVH stands below the Real Estate sector and the industry average. Looking at its Real Estate sector average of 62.7%, Invitation Homes's gross margin is 11% lower.

INVH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Invitation Homes's gross margin?

For the period ending Sep 30, 2026, INVH recorded a gross margin of 55.7%.

What is Invitation Homes's operating margin?

As of Sep 30, 2026, INVH has an operating margin of 38.5%.

What is Invitation Homes's EBITDA margin?

As of Sep 30, 2026, INVH has an EBITDA margin of 63.1%.

What is Invitation Homes's net margin?

As of Sep 30, 2026, INVH has a net margin of 23.5%.

What are the average margins of INVH?

Over the last 3 years, Invitation Homes's margins averaged 58.4% gross, 35.6% operating, 61.2% EBITDA, and 20.5% 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, 38.5% operating in Sep 2026, 63.2% EBITDA in Mar 2024, and 23.5% net in Sep 2026.

What are the lowest historical margins of INVH?

Invitation Homes's lowest recorded margins during the past 5 years were 55.7% gross in Sep 2026, 30.2% operating in Dec 2021, 58.3% EBITDA in Sep 2024, and 13.1% net in Dec 2021.