INVH (Invitation Homes) EBIT: $949 Mil (TTM As of Mar. 2026)


INVH Invitation Homes Inc INVH
81 GF Score
Price $29.91
GF Value $36.98
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Invitation Homes EBIT?

Invitation Homes INVH +0.91% 81 EBIT is $949 Mil as of Mar. 2026. GuruFocus rates INVH with a GF Score™ of 81/100 and a GF Value™ of $36.98 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Invitation Homes's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $256 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $949 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Invitation Homes's annualized ROC % for the quarter that ended in Mar. 2026 was 3.88%. Invitation Homes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 289.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Invitation Homes's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.58%.


Invitation Homes  (NYSE:INVH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Invitation Homes's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=716.232 * ( 1 - 0% )/( (18319.969 + 18616.795)/ 2 )
=716.232/18468.382
=3.88 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=18680.29 - 230.35 - ( 129.971 - max(0, 375.35 - 569.072+129.971))
=18319.969

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=18701.141 - 257.455 - ( 114.129 - max(0, 817.455 - 644.346+114.129))
=18616.795

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Invitation Homes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1025.512/( ( (102.562 + max(208.751, 0)) + (140.154 + max(255.908, 0)) )/ 2 )
=1025.512/( ( 311.313 + 396.062 )/ 2 )
=1025.512/353.6875
=289.95 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.947 + 0 + 379.154) - (230.35 + 0 + 0)
=208.751

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.291 + 0 + 441.072) - (257.455 + 0 + 1.1368683772162E-13)
=255.908

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Invitation Homes's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=949.078/26493.665
=3.58 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Invitation Homes EBIT Related Terms


Invitation Homes EBIT Historical Data

* Premium members only.

The historical data trend for Invitation Homes's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Invitation Homes EBIT Chart

Invitation Homes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 585.44 688.89 854.49 821.44 943.24

Invitation Homes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 250.54 228.78 227.99 235.93 256.38

INVH vs ESS, SUI, MAA: EBIT Comparison

For the REIT - Residential subindustry, Invitation Homes's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Invitation Homes EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Invitation Homes's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Invitation Homes's EV-to-EBIT falls into.


INVH
81GF Score
Invitation Homes Inc INVH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Invitation Homes EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $949 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $949 Mil mean?
Invitation Homes (INVH) has a EBIT of $949 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Invitation Homes.
Is Invitation Homes' EBIT too high?
Invitation Homes' current EBIT is $949 Mil. Overall, Invitation Homes has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invitation Homes' EBIT compare to ESS and SUI?
Invitation Homes' EBIT of $949 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Invitation Homes. Invitation Homes's current EBIT is $949 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invitation Homes stock overvalued right now?
Based on GuruFocus' analysis, Invitation Homes (INVH) is currently considered Modestly Undervalued. The stock's GF Value™ is $36.98, compared to a current price of $29.91 — trading 19.1% below its estimated fair value. The current EBIT is $949 Mil. Invitation Homes' overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Invitation Homes (INVH), the current EBIT is $949 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Invitation Homes (INVH) Overvalued in 2026?

Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued. The current stock price of $29.91 is trading 19.1% below its estimated GF Value™ of $36.98. GuruFocus considers Invitation Homes to be Modestly Undervalued.

Key valuation signals for INVH:

  • EBIT: $949 Mil
  • GF Value™: $36.98 vs. price of $29.91 (19.1% below fair value)
  • GF Score™: 81/100 with 7 warning signs

No single metric tells the full story. See the INVH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Invitation Homes Business Description

Industry Real EstateREITs
Other Exchanges 4IV:GermanyI2NV34:Brazil
Address 5420 LBJ Freeway, Suite 600, Dallas, TX, USA, 75240
Invitation Homes owns a portfolio of over 86,000 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 of 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 feature average rents lower than homeownership costs.
81GF Score

Get the complete analysis for INVH

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$29.91
Price
$36.98
GF Value