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Invitation Homes INVH Operating margin

Discontinued — last reported Q3 '18

Operating margin at other companies

AvalonBay Communities logo
AvalonBay CommunitiesAVB
67%+0.9pp
Equity Residential logo
Equity ResidentialEQR
40.4%+4.3pp
New York Mortgage Trust logo
New York Mortgage TrustADAM
29%+23.4pp
Prologis logo
PrologisPLD
47.5%-1.0pp
Kimco Realty logo
Kimco RealtyKIM
36.9%+4.1pp

Other financials

Income statement

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Revenue$734.1M+8.8%
Net income$160.5M-3.2%
EPS (diluted)$0.26-3.7%

Balance sheet

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Cash & equivalents$373.0M+17.1%
Total debt$9.8B+21.0%
Total equity$9.1B-6.5%
Total assets$18.7B+0.7%

Cash flow

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Operating cash flow$293.0M-2.5%

Valuation

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Market cap$16.92B-29.1%
Enterprise value$26.4B-15.6%
P/E29.1×-21.0×
P/S6.1×-2.9×

Profitability

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Net margin20.9%+2.9pp

Returns & leverage

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Return on equity6.2%+1.4pp
Debt / equity1.1×+0.2×

Where this comes from

Calculated from Invitation Homes’s reported figures.

Based on trailing twelve months.

The official record: Invitation Homes’s 10-Q, filed October 30, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.