• Invitation Home average ebitda margin for 2023 was 56.91%, a 1.08% decline from 2022.
• Invitation Home average ebitda margin for 2022 was 57.53%, a 0.5% decline from 2021.
• Invitation Home average ebitda margin for 2021 was 57.82%, a 0.66% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.