NVR, Inc.

NVR

Consumer CyclicalLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

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; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves Maryland, Virginia, West Virginia, Delaware, Washington, D.C., New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, South Carolina, Tennessee, Florida, Georgia, and Kentucky. NVR, Inc. was founded in 1948 and is headquartered in Reston, Virginia.

Valuation

Market Cap$16.7B

Current Price$6416.62as of Jun 23, 2026

P/E Ratio12.45

P/B Ratio4.31

EV / EBITDA8.71

EV / Sales1.53

Profitability

Operating Margin16.3%

Net Profit Margin13.0%

EBITDA Margin17.6%

Returns

ROE34.7%

ROCE34.4%

ROIC %-

ROA22.9%

Solvency

Current Ratio5.47

Debt / Equity0.27

Debt / Assets0.18

CFO / Net Profit0.84

Price History▼ 12.57% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$10.3B▼ 1.9%

EBITDA$1.8B▼ 16.0%

Net Profit$1.3B▼ 20.3%

Cash from Ops (CFO)$1.1B▼ 18.4%

Free Cash Flow (FCF)$1.1B▼ 18.5%

Revenue CAGR 3Y-0.6%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-8.1%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$10.3B	$1.8B	$1.3B	$1.1B	34.7%	-1.9%	-20.3%
2024	$10.5B	$2.2B	$1.7B	$1.3B	40.0%	10.6%	5.7%
2023	$9.5B	$2.0B	$1.6B	$1.5B	36.5%	-9.5%	-7.8%
2022	$10.5B	$2.3B	$1.7B	$1.9B	49.2%	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	10,538.29	9,534.89	10,543.57	10,341.84
Operating Revenue	-	10,538.29	9,534.89	10,543.57	10,341.84
Cost Of Revenue	-	7,662.27	7,051.20	7,850.55	7,953.40
Gross Profit	-	2,876.02	2,483.69	2,693.02	2,388.44
Operating Expense	-	625.30	680.04	699.10	699.13
Selling General And Administration	-	625.30	680.04	699.10	699.13
Total Expenses	-	8,287.57	7,731.24	8,549.65	8,652.53
Operating Income	-	2,250.72	1,803.65	1,993.92	1,689.32
Total Operating Income As Reported	1,470.33	2,169.18	1,822.46	1,987.56	-
EBITDA	-	2,310.11	1,973.03	2,161.66	1,815.28
Normalized EBITDA	-	2,310.11	1,973.03	2,161.66	1,815.28
EBIT	-	2,292.72	1,956.11	2,143.29	1,790.77
Interest Expense	-	39.52	27.74	27.78	28.84
Net Interest Income	-	-39.52	-27.74	-27.78	-28.84
Other Non Operating Income Expenses	-	42	152.46	149.37	101.45
Other Income Expense	-	42	152.46	149.37	101.45
Interest Expense Non Operating	-	39.52	27.74	27.78	28.84
Net Non Operating Interest Income Expense	-	-39.52	-27.74	-27.78	-28.84
Pretax Income	-	2,253.19	1,928.37	2,115.51	1,761.93
Tax Provision	-	527.62	336.76	433.58	422.12
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	1,725.58	1,591.61	1,681.93	1,339.82
Net Income From Continuing And Discontinued Operation	-	1,725.58	1,591.61	1,681.93	1,339.82
Net Income From Continuing Operation Net Minority Interest	-	1,725.58	1,591.61	1,681.93	1,339.82
Net Income	-	1,725.58	1,591.61	1,681.93	1,339.82
Net Income Common Stockholders	-	1,725.58	1,591.61	1,681.93	1,339.82
Net Income Including Noncontrolling Interests	-	1,725.58	1,591.61	1,681.93	1,339.82
Diluted NI Availto Com Stockholders	-	1,725.58	1,591.61	1,681.93	1,339.82
Basic Average Shares	-	3.29	3.24	3.11	2.90
Diluted Average Shares	-	3.51	3.44	3.32	3.07
Reconciled Depreciation	-	17.40	16.92	18.38	24.51
Reconciled Cost Of Revenue	-	7,662.27	7,051.20	7,850.55	7,953.40
General And Administrative Expense	-	625.30	680.04	699.10	699.13
Other Gand A	-	625.30	680.04	699.10	699.13
Other Operating Expenses	-6.56	-37.04	-148.01	-143.89	-

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
NVR, Inc.this co.	NVR	$16.7B	12.45↓ discount	4.31	34.7%	8.71
International Paper Company	IP	$17.9B	-5.10	1.21	-23.7%	417.11
Amcor plc	AMCR	$17.4B	34.06	1.48	4.4%	17.86
Aptiv PLC	APTV	$15.4B	93.52	1.68	1.8%	9.54
Tractor Supply Company	TSCO	$15.4B	14.05	5.97

Learn while you research

Hand-picked academy chapters to deepen your understanding of NVR, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Cyclical vs Defensive Stocks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$10.3B

$1.8B

$1.3B

$1.1B

34.7%

-1.9%

-20.3%

2024

$10.5B

$2.2B

$1.7B

$1.3B

40.0%

10.6%

5.7%

2023

$9.5B

$2.0B

$1.6B

$1.5B

36.5%

-9.5%

-7.8%

2022

$10.5B

$2.3B

$1.7B

$1.9B

49.2%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

10,538.29

9,534.89

10,543.57

10,341.84

Operating Revenue

10,538.29

9,534.89

10,543.57

10,341.84

Cost Of Revenue

7,662.27

7,051.20

7,850.55

7,953.40

Gross Profit

2,876.02

2,483.69

2,693.02

2,388.44

Operating Expense

625.30

680.04

699.10

699.13

Selling General And Administration

625.30

680.04

699.10

699.13

Total Expenses

8,287.57

7,731.24

8,549.65

8,652.53

Operating Income

2,250.72

1,803.65

1,993.92

1,689.32

Total Operating Income As Reported

1,470.33

2,169.18

1,822.46

1,987.56

EBITDA

2,310.11

1,973.03

2,161.66

1,815.28

Normalized EBITDA

2,310.11

1,973.03

2,161.66

1,815.28

EBIT

2,292.72

1,956.11

2,143.29

1,790.77

Interest Expense

39.52

27.74

27.78

28.84

Net Interest Income

-39.52

-27.74

-27.78

-28.84

Other Non Operating Income Expenses

152.46

149.37

101.45

Other Income Expense

152.46

149.37

101.45

Interest Expense Non Operating

39.52

27.74

27.78

28.84

Net Non Operating Interest Income Expense

-39.52

-27.74

-27.78

-28.84

Pretax Income

2,253.19

1,928.37

2,115.51

1,761.93

Tax Provision

527.62

336.76

433.58

422.12

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

1,725.58

1,591.61

1,681.93

1,339.82

Net Income From Continuing And Discontinued Operation

1,725.58

1,591.61

1,681.93

1,339.82

Net Income From Continuing Operation Net Minority Interest

1,725.58

1,591.61

1,681.93

1,339.82

Net Income

1,725.58

1,591.61

1,681.93

1,339.82

Net Income Common Stockholders

1,725.58

1,591.61

1,681.93

1,339.82

Net Income Including Noncontrolling Interests

1,725.58

1,591.61

1,681.93

1,339.82

Diluted NI Availto Com Stockholders

1,725.58

1,591.61

1,681.93

1,339.82

Basic Average Shares

3.29

3.24

3.11

2.90

Diluted Average Shares

3.51

3.44

3.32

3.07

Reconciled Depreciation

17.40

16.92

18.38

24.51

Reconciled Cost Of Revenue

7,662.27

7,051.20

7,850.55

7,953.40

General And Administrative Expense

625.30

680.04

699.10

699.13

Other Gand A

625.30

680.04

699.10

699.13

Other Operating Expenses

-6.56

-37.04

-148.01

-143.89

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

NVR, Inc.this co.

NVR

$16.7B

12.45↓ discount

4.31

34.7%

8.71

International Paper Company

$17.9B

-5.10

1.21

-23.7%

417.11

Amcor plc

AMCR

$17.4B

34.06

1.48

4.4%

17.86

Aptiv PLC

APTV

$15.4B

93.52

1.68

1.8%

9.54

Tractor Supply Company

TSCO

$15.4B

14.05

5.97

NVR, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

NVR, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on