Invitation Homes - Public Comps and Valuation Multiples

Invitation Homes Overview

About Invitation Homes

Invitation Homes owns a portfolio of over 85,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth with almost 70% of the portfolio in the Western U.S. and Florida; 15 of the 17 markets featuring average rents lower than homeownership costs.

Founded

2016

HQ

Employees

1.8K+

Website

invitationhomes.com

Sectors

Buildings & Property

Financials

LTM Revenue $2.7B

LTM EBITDA $1.5B

EV

$26.6B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Invitation Homes Financials

As of August 2025, Invitation Homes reported last 12-month revenue of $2.7B and EBITDA of $1.5B.

In the same period, Invitation Homes generated $1.6B in LTM gross profit and $505M in net income.

See Invitation Homes valuation multiples based on analyst estimates

Invitation Homes P&L

In the most recent fiscal year, Invitation Homes reported revenue of $2.6B and EBITDA of $1.5B.

Invitation Homes expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Invitation Homes valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$2.7B	XXX	$2.6B	XXX	XXX	XXX
Gross Profit	$1.6B	XXX	$1.5B	XXX	XXX	XXX
Gross Margin	59%	XXX	59%	XXX	XXX	XXX
EBITDA	$1.5B	XXX	$1.5B	XXX	XXX	XXX
EBITDA Margin	57%	XXX	59%	XXX	XXX	XXX
EBIT	$768M	XXX	$741M	XXX	XXX	XXX
EBIT Margin	29%	XXX	28%	XXX	XXX	XXX
Net Profit	$505M	XXX	$454M	XXX	XXX	XXX
Net Margin	19%	XXX	17%	XXX	XXX	XXX
Net Debt	XXX	XXX	$8.0B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Invitation Homes including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $2.7B. EBITDA for the last twelve months was $1.5B. In the most recent fiscal year, Invitation Homes achieved $2.6B in revenue and $1.5B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$2.7B	Analyst estimates available to subscribers	$2.6B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$1.6B	Analyst estimates available to subscribers	$1.5B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	58.7% gross margin	Analyst estimates available to subscribers	59.0% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$1.5B	Analyst estimates available to subscribers	$1.5B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	56.7% EBITDA margin	Analyst estimates available to subscribers	58.6% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$768M	Analyst estimates available to subscribers	$741M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	28.8% EBIT margin	Analyst estimates available to subscribers	28.3% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$505M	Analyst estimates available to subscribers	$454M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	18.9% net profit margin	Analyst estimates available to subscribers	17.3% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$8.0B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Invitation Homes

This financial data table provides comprehensive performance metrics for Invitation Homes, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Invitation Homes generated $2.7B in revenue over the last twelve months.
The company achieved $1.5B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $1.6B.
Net income over the last twelve months reached $505M.

Fiscal Year Performance

In the most recent fiscal year, Invitation Homes reported $2.6B in total revenue.
Fiscal year EBITDA was $1.5B.
The company maintained a gross profit margin of 59.0% in the most recent fiscal year.
EBITDA margin for the fiscal year was 58.6%.
Net profit margin reached 17.3% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Invitation Homes. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Invitation Homes Stock Performance

Invitation Homes has current market cap of $18.5B, and EV of $26.6B.

Market Cap Evolution

Invitation Homes Stock Data

As of September 12, 2025, Invitation Homes's stock price is $30.

See Invitation Homes trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$26.6B	$18.5B	XXX	XXX	XXX	XXX	$0.81

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Invitation Homes Valuation Multiples

Invitation Homes's trades at 10.2x EV/Revenue multiple, and 17.3x EV/EBITDA.

See valuation multiples for Invitation Homes and 15K+ public comps

Invitation Homes Financial Valuation Multiples

As of September 12, 2025, Invitation Homes has market cap of $18.5B and EV of $26.6B.

Equity research analysts estimate Invitation Homes's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Invitation Homes has a P/E ratio of 36.6x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$18.5B	XXX	$18.5B	XXX	XXX	XXX
EV (current)	$26.6B	XXX	$26.6B	XXX	XXX	XXX
EV/Revenue	10.0x	XXX	10.2x	XXX	XXX	XXX
EV/EBITDA	17.6x	XXX	17.3x	XXX	XXX	XXX
EV/EBIT	34.7x	XXX	35.9x	XXX	XXX	XXX
EV/Gross Profit	17.0x	XXX	n/a	XXX	XXX	XXX
P/E	36.6x	XXX	40.8x	XXX	XXX	XXX
EV/FCF	29.4x	XXX	30.9x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Invitation Homes Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Invitation Homes Margins & Growth Rates

Invitation Homes's last 12 month revenue growth is 3%

Invitation Homes's revenue per employee in the last FY averaged $1.5M, while opex per employee averaged $0.5M for the same period.

Invitation Homes's rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Invitation Homes's rule of X is 65% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Invitation Homes and other 15K+ public comps

Invitation Homes Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	3%	XXX	3%	XXX	XXX	XXX
EBITDA Margin	57%	XXX	59%	XXX	XXX	XXX
EBITDA Growth	4%	XXX	0%	XXX	XXX	XXX
Rule of 40	66%	XXX	62%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	65%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$1.5M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.5M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	31%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial