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NVR, Inc.

NYSE•NVR
CEO: Mr. Paul C. Saville
Sector: Consumer Cyclical
Industry: Residential Construction
Listing Date: 1985-07-22
NVR, Inc. operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers. It also provides various mortgage related services to its homebuilding customers, as well as brokers title insurance; performs title searches in connection with mortgage loan closings; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves in Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, Georgia, South Carolina, Florida, Tennessee, and Washington, D.C. NVR, Inc. was founded in 1980 and is headquartered in Reston, Virginia.
Contact Information
Plaza America Tower I, Suite 500 11700 Plaza America Drive, Reston, VA, 20190, United States
703-956-4000
www.nvrinc.com
Market Cap
$15.36B
P/E (TTM)
12.8
12.9
Dividend Yield
--
52W High
$8.62K
52W Low
$5.65K
52W Range
1%
Rank14Top 2.7%
6.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$1.88B+0.00%
4-Quarter Trend

EPS

$71.33+0.00%
4-Quarter Trend

FCF

$334.82M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Fell 20% Consolidated net income $1.34B, down 20% from 2024; diluted EPS $436.55, down 14% year over year.
Homebuilding Margin Compressed Homebuilding gross margin dropped to 21.2% in 2025 from 23.7% in 2024 due to higher lot costs and pricing pressure.
Backlog Units Decreased 15% Unit backlog ended 2025 at 8,448 units, a 15% unit decrease versus prior year end, valued at $4.01B.
Strong Cash Position Maintained Maintained strong liquidity with $1.8B cash and equivalents available for operations and commitments as of year end.

Risk Factors

Weak Demand Expected 2026 Expect weak demand to weigh on sales, prices, and gross margins throughout 2026 due to ongoing affordability issues.
Significant Lot Deposit Impairment Incurred $75.9M pre-tax charge for contract land deposit impairment in 2025, significantly impacting gross profit margins.
Higher Customer Cancellation Rate New order cancellation rate rose to 17.0% in 2025, up from 14.2% in 2024, signaling increased buyer uncertainty.
Mortgage Market Volatility Risk Mortgage banking results vulnerable to credit market volatility, tightening investor funding, and increased regulatory requirements.

Outlook

Maintain Conservative Lot Strategy Expect to acquire substantially all finished lot inventory using LPAs with forfeitable deposits for continued risk mitigation.
Funding Sufficient Beyond Twelve Months Cash holdings and anticipated operating cash flows, plus credit facilities, support operations for at least the next twelve months.
Focus Market Share Gains Strategy centers on maintaining leading market position to achieve efficiencies and capture growth opportunities in active markets.
2026 Incentive Plan Approved Summary of 2026 Executive Officer Incentive Compensation Plan filed separately; repurchase authorizations remain open ended.

Peer Comparison

Revenue (TTM)

LEN stock ticker logoLEN
$33.14B
-7.5%
DKS stock ticker logoDKS
$17.22B
+28.1%
PHM stock ticker logoPHM
$16.83B
-5.9%

Gross Margin (Latest Quarter)

RL stock ticker logoRL
69.9%
+1.0pp
LULU stock ticker logoLULU
54.9%
-2.9pp
QSR stock ticker logoQSR
49.6%
+13.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
QSR$26.49B27.827.1%63.0%
DRI$22.29B20.450.7%48.0%
ULTA$21.79B19.444.1%31.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-10.3%
Growth Under Pressure
4Q Net Income CAGR
-15.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Jul 22, 2026
|
EPS:$91.26
|
Revenue:$2.40B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data