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Invitation Homes Valuation Multiples
Discover revenue and EBITDA valuation multiples for Invitation Homes and similar public comparables like Kimco Realty, Mid-America Apartment, Essex Property Trust, W.P. Carey and more.
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 over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets featuring average rents lower than homeownership costs.
Founded
2016
HQ
Employees
1.7K
Website
Sectors
Financials (LTM)
EV
$24B
Invitation Homes Financials
Invitation Homes reported last 12-month revenue of $3B and EBITDA of $2B.
In the same LTM period, Invitation Homes generated $2B in gross profit, $2B in EBITDA, and $551M in net income.
Revenue (LTM)
Invitation Homes P&L
In the most recent fiscal year, Invitation Homes reported revenue of $3B and EBITDA of $2B.
Invitation Homes expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 58% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 62% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $551M | XXX | $588M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Invitation Homes Stock Performance
Invitation Homes has current market cap of $16B, and enterprise value of $24B.
Market Cap Evolution
Invitation Homes' stock price is $26.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24B | $16B | 0.0% | XXX | XXX | XXX | $0.96 |
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Start Free TrialInvitation Homes Valuation Multiples
Invitation Homes trades at 8.8x EV/Revenue multiple, and 16.0x EV/EBITDA.
EV / Revenue (LTM)
Invitation Homes Financial Valuation Multiples
As of March 25, 2026, Invitation Homes has market cap of $16B and EV of $24B.
Equity research analysts estimate Invitation Homes' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Invitation Homes has a P/E ratio of 28.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV/Revenue | 8.8x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBITDA | 16.0x | XXX | 14.3x | XXX | XXX | XXX |
| EV/EBIT | 32.1x | XXX | 32.1x | XXX | XXX | XXX |
| EV/Gross Profit | 15.1x | XXX | 15.2x | XXX | XXX | XXX |
| P/E | 28.9x | XXX | 27.1x | XXX | XXX | XXX |
| EV/FCF | 31.1x | XXX | 25.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Invitation Homes Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Invitation Homes Margins & Growth Rates
Invitation Homes' revenue in the last 12 month grew by 2%.
Invitation Homes' revenue per employee in the last FY averaged $1.6M.
Invitation Homes' rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Invitation Homes' rule of X is 60% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Invitation Homes Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 62% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Invitation Homes Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Kimco Realty | XXX | XXX | XXX | XXX | XXX | XXX |
| Mid-America Apartment | XXX | XXX | XXX | XXX | XXX | XXX |
| Essex Property Trust | XXX | XXX | XXX | XXX | XXX | XXX |
| W.P. Carey | XXX | XXX | XXX | XXX | XXX | XXX |
| Segro | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Invitation Homes M&A Activity
Invitation Homes acquired XXX companies to date.
Last acquisition by Invitation Homes was on XXXXXXXX, XXXXX. Invitation Homes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Invitation Homes
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialInvitation Homes Investment Activity
Invitation Homes invested in XXX companies to date.
Invitation Homes made its latest investment on XXXXXXXX, XXXXX. Invitation Homes invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Invitation Homes
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Invitation Homes
| When was Invitation Homes founded? | Invitation Homes was founded in 2016. |
| Where is Invitation Homes headquartered? | Invitation Homes is headquartered in United States. |
| How many employees does Invitation Homes have? | As of today, Invitation Homes has over 1K employees. |
| Who is the CEO of Invitation Homes? | Invitation Homes' CEO is Dallas B. Tanner. |
| Is Invitation Homes publicly listed? | Yes, Invitation Homes is a public company listed on NYSE. |
| What is the stock symbol of Invitation Homes? | Invitation Homes trades under INVH ticker. |
| When did Invitation Homes go public? | Invitation Homes went public in 2017. |
| Who are competitors of Invitation Homes? | Invitation Homes main competitors are Kimco Realty, Mid-America Apartment, Essex Property Trust, W.P. Carey. |
| What is the current market cap of Invitation Homes? | Invitation Homes' current market cap is $16B. |
| What is the current revenue of Invitation Homes? | Invitation Homes' last 12 months revenue is $3B. |
| What is the current revenue growth of Invitation Homes? | Invitation Homes revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Invitation Homes? | Current revenue multiple of Invitation Homes is 8.8x. |
| Is Invitation Homes profitable? | Yes, Invitation Homes is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Invitation Homes? | Invitation Homes' last 12 months EBITDA is $2B. |
| What is Invitation Homes' EBITDA margin? | Invitation Homes' last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of Invitation Homes? | Current EBITDA multiple of Invitation Homes is 16.0x. |
| What is the current FCF of Invitation Homes? | Invitation Homes' last 12 months FCF is $778M. |
| What is Invitation Homes' FCF margin? | Invitation Homes' last 12 months FCF margin is 28%. |
| What is the current EV/FCF multiple of Invitation Homes? | Current FCF multiple of Invitation Homes is 31.1x. |
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