• Invitation Home average pre-tax profit margin for 2023 was 13.75%, a 9.82% decline from 2022.
• Invitation Home average pre-tax profit margin for 2022 was 12.52%, a 34.77% increase from 2021.
• Invitation Home average pre-tax profit margin for 2021 was 9.29%, a 54.83% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.