NVR, Inc.
- Open
- 6537.99
- Day high
- 6575.00
- Day low
- 6474.72
- Prev close
- 6471.44
- Volume
- 16K
- Mkt cap
- $17.5B
- P/E (TTM)
- 15.0
- EPS (TTM)
- $433.30
- P/B
- 5.0
- P/S
- 1.8
- Yield
- —
- Per share
- —
- ▲Insiders net buying $74K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions mixed (13F)
NVR, Inc. (NVR) is a Consumer Cyclical company listed on NYSE. The stock is down 16% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4). Drillr has 3 published research articles covering NVR.
NVR, Inc. (NVR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NVR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.78 | $0.68 | -13.4% | $1.9B | -8.1% |
| Jan 28, 2026 | $104.96 | $121.54 | +15.8% | $2.7B | +27.4% |
| Oct 22, 2025 | $109.36 | $112.33 | +2.7% | $2.5B | -1.9% |
| Jul 23, 2025 | $106.20 | $108.54 | +2.2% | $2.6B | +4.0% |
| Apr 22, 2025 | $106.07 | $94.83 | -10.6% | $2.4B | -0.2% |
| Jan 28, 2025 | $127.85 | $139.93 | +9.4% | $2.9B | +1.4% |
| Oct 22, 2024 | $131.00 | $130.50 | -0.4% | $2.7B | +1.0% |
| Jul 23, 2024 | $121.21 | $120.69 | -0.4% | $2.6B | -0.2% |
| Jan 30, 2024 | $121.50 | $121.56 | +0.0% | $2.4B | -9.1% |
| Jul 25, 2023 | $100.33 | $116.54 | +16.2% | $2.3B | -0.4% |
| Jan 31, 2023 | $98.88 | $133.44 | +35.0% | $2.7B | +8.6% |
| Jul 26, 2022 | $126.77 | $123.65 | -2.5% | $2.7B | +2.7% |
NVR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 29, 2026 | Ross Susan Williamsondirector | Option | 238 | $1700.00 |
| May 18, 2026 | Malzahn Daniel Davidofficer: Chief Financial Officer | Grant | 1,335 | $5720.10 |
| May 18, 2026 | PREISER DAVID Adirector | Grant | 154 | $5720.10 |
| May 18, 2026 | ROSIER WILLIAM GRADYdirector | Grant | 154 | $5720.10 |
| May 18, 2026 | Oliver Georgedirector | Grant | 154 | $5720.10 |
| May 18, 2026 | Jung Alexandra Adirector | Grant | 154 | $5720.10 |
| May 18, 2026 | FESTA ALFRED Edirector | Grant | 154 | $5720.10 |
| May 18, 2026 | Bredow Eugene Jamesofficer: Chief Executive Officer | Grant | 2,619 | $5720.10 |
| May 18, 2026 | DeVito Michael Jdirector | Grant | 154 | $5720.10 |
| May 18, 2026 | Martinez Melquiades R.director | Grant | 154 | $5720.10 |
| May 18, 2026 | Ross Susan Williamsondirector | Grant | 154 | $5720.10 |
| May 18, 2026 | BAILEY SALLIE Bdirector | Grant | 154 | $5720.10 |
| May 18, 2026 | ANDREWS CHARLES ELLIOTTdirector | Grant | 154 | $5720.10 |
| May 18, 2026 | SAVILLE PAUL Cofficer: Executive Chairman | Grant | 2,619 | $5720.10 |
| May 18, 2026 | Kelpy Matthew B.officer: VP, Chief Accounting Officer | Grant | 272 | $5720.10 |
Source: NVR SEC Form 4 filings, latest May 29, 2026. For informational purposes only — not investment advice.
See the full NVR insider & 13F page →NVR research & analysis
BRK.B Taylor Morrison Acquisition 2026: Berkshire's First Housing Builder at 1.10x Book
BRK.B Taylor Morrison acquisition closes at $6.8B all-cash on May 31, 2026 — Berkshire's first major direct US housing builder position at TMHC's ~1.10x book value. Greg Abel led negotiations.
BRK.BTMHCLENBRK.B Abel Succession Portfolio 2026: $6.8B First M&A vs $397B Cash Pile
Berkshire Hathaway Abel succession portfolio thesis: Greg Abel's first big M&A — $6.8B for TMHC — used 1.7% of BRK's $397B Q1 cash + ST investments. The next 4 transactions decide the playbook.
BRK.BTMHCLENNVR Q4: Does $584M Revenue Beat and $17 EPS Surprise Cement Margin Resilience?
NVR's Q4 2025 results showed revenue down 4.86% YoY to $2.71B but beating estimates by $584M, with EPS off 13% to $121.54 yet $17 ahead of consensus. This underscores margin resilience versus homebuilder peers in a tough market. Track Q1 2026 for EPS beats and margins above 16% to confirm the thesis.
NVR, Inc. company profile
Overview
NVR, Inc. (NYSE:NVR) is a leading American homebuilder founded in 1980 and headquartered in Reston, Virginia. The company went public in 1985 and has established itself as one of the premier residential construction companies in the United States, operating primarily along the East Coast and expanding into select markets in the Midwest and Southeast. NVR distinguishes itself in the homebuilding industry through its asset-light business model, focusing on lot option contracts rather than owning large land inventories, which has enabled the company to maintain strong financial performance and generate substantial returns for shareholders over decades.
Business
NVR operates in the residential construction industry, which involves the development, construction, and sale of new homes to consumers. The company functions through two primary business segments that work synergistically to serve homebuyers throughout the purchase process. The Homebuilding segment represents the core of NVR's operations, accounting for approximately 95% of total revenues. This division constructs and sells single-family detached homes, townhomes, and condominium buildings under three distinct brand names. Ryan Homes targets first-time and first-time move-up buyers, offering affordable entry-level housing options. NVHomes caters to move-up buyers seeking larger, more luxurious properties, while Heartland Homes focuses on luxury and custom home segments. The company operates across 15 states and Washington D.C., with strong market presence in the Mid-Atlantic region including Maryland, Virginia, Delaware, and extending into markets like Florida, North Carolina, Ohio, and Illinois. The Mortgage Banking segment comprises the remaining 5% of revenues and provides integrated financial services to homebuying customers. This division offers mortgage origination services, helping buyers secure financing for their home purchases. Additionally, it brokers title insurance, performs title searches during mortgage loan closings, and sells originated mortgage loans to investors in secondary markets on a servicing-released basis, meaning NVR transfers both the loans and ongoing servicing responsibilities to buyers.
Competitive moat
NVR's competitive moat stems primarily from its distinctive asset-light business model and strong market positioning in affluent geographic regions. Unlike traditional homebuilders that purchase and hold large land inventories, NVR utilizes lot option contracts that allow the company to control land for development without the associated carrying costs and risks. This approach provides significant advantages: reduced capital requirements, lower financial risk during market downturns, and the flexibility to walk away from unfavorable projects by forfeiting relatively small option payments. The company has built strong relationships with land developers and established a reputation for reliable execution, making it a preferred partner for lot option arrangements. NVR's concentration in higher-income markets along the East Coast, particularly the Washington D.C. metropolitan area, provides access to customers with greater purchasing power and more stable employment, creating some insulation from economic volatility. However, this moat faces several challenges. The asset-light model, while innovative when NVR pioneered it, has been increasingly adopted by competitors, reducing its uniqueness. The company's geographic concentration, while providing stability, also limits growth opportunities compared to national builders. Additionally, the homebuilding industry remains highly fragmented with low barriers to entry for smaller regional competitors, and NVR faces competition from both large national builders and numerous local developers who may have deeper community relationships and local market knowledge.
Risks & safety
NVR demonstrates a strong margin of safety with robust financial metrics and conservative capital management. • Liquidity and Solvency: The company maintains excellent liquidity with $2.6 billion in cash and short-term investments as of Q4 2024, providing substantial cushion. Current ratio of 5.1x indicates strong ability to meet short-term obligations. Debt-to-equity ratio of 0.24x reflects conservative leverage. • Profitability Metrics: Return on equity of 40% for fiscal 2024 demonstrates exceptional capital efficiency. Net profit margins consistently above 15% indicate strong operational performance. Free cash flow generation of $1.35 billion in 2024 provides financial flexibility. • Valuation Considerations: Trading at P/E ratio of 15.1x based on 2024 earnings, which appears reasonable for a cyclical business with strong fundamentals. EV/EBITDA of 11.0x suggests moderate valuation relative to cash generation capability. • Other Factors: Asset-light model reduces capital intensity and inventory risk compared to traditional homebuilders. Strong balance sheet provides ability to weather housing market downturns and capitalize on opportunities during difficult periods.
Recent development
Based on the financial data trends, NVR has demonstrated resilient performance despite challenging market conditions in recent years. The company maintained strong revenue generation with fiscal 2024 revenues of $10.5 billion, essentially matching the $10.5 billion achieved in fiscal 2022, indicating stability during a period when many homebuilders experienced significant volatility. The company has continued to optimize its capital structure and operational efficiency. Cash generation remains robust, with free cash flow of $1.35 billion in 2024 compared to $1.85 billion in 2022, reflecting the company's ability to generate substantial cash even during more challenging market conditions. NVR has maintained its disciplined approach to land acquisition through option contracts, avoiding the inventory risks that have plagued other builders during market downturns. The geographic footprint appears stable, with the company continuing to focus on its core East Coast markets while maintaining selective operations in Midwest and Southeast regions. The mortgage banking segment continues to provide steady complementary income, though its contribution remains modest relative to the homebuilding operations. The company's financial discipline is evident in its maintenance of strong liquidity positions and conservative debt levels throughout the period, positioning it well for both defensive resilience and potential market opportunities.
NVR company profile · for informational purposes only — not investment advice.
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