• Invitation Home average operating margin for 2024 was 26.92%, a 4.71% decline from 2023.
• Invitation Home average operating margin for 2023 was 28.25%, a 1.07% decline from 2022.
• Invitation Home average operating margin for 2022 was 27.95%, a 5.27% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.