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

$18.36B

P/E (TTM)

13.7

Dividend Yield

52W High

$8.62K

52W Low

$6.37K

52W Range

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

Q4 2025 Data

Revenue

$2.71B-4.86%

4-Quarter Trend

EPS

$128.52-14.23%

4-Quarter Trend

FCF

$436.03M+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

$33.14B

-7.5%

$17.43B

-11.1%

PHM

$17.31B

-3.5%

Gross Margin (Latest Quarter)

DKS

28429.6%

-2.6pp

69.9%

+1.0pp

DRI

68.9%

+47.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
LEN	$24.48B	13.0	8.0%	12.2%
ULTA	$24.02B	20.8	44.1%	31.2%
QSR	$23.90B	31.3	23.1%	68.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.9%

Moderate Growth

4Q Net Income CAGR

6.7%

Profitability Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 20, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data