NVR Inc (NVR) Financial Statements
Industry: Operative Builders
In fiscal 2025, NVR reported revenue of $10.32B, down 1.9% from $10.52B the year before. Net income was $1.34B (a 13.0% net margin), or $436.55 per diluted share. Gross margin was 100.0% and operating margin was 100.0%. Operating activities generated $1.12B of cash, leaving $1.10B of free cash flow. At fiscal year end, NVR held $5.86B in total assets against $1.99B in total liabilities.
Open the full interactive NVR financials → Quarterly statements, key ratios, valuation history and price charts.
NVR Key Stats
| Share Price | $5,797.61 |
|---|---|
| Market Cap | $16.33B |
| P/E Ratio | 13.3 |
| Revenue YoY Growth | -1.9% |
| 52-Week Range | $5,563.62 – $8,097.25 |
| Shares Outstanding | 2.7 million (basic, 2026 Q2) |
NVR Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.54B | $8.95B | $10.53B | $9.52B | $10.52B | $10.32B |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $7.54B | $8.95B | $10.53B | $9.52B | $10.52B | $10.32B |
| Operating Income | $7.54B | $8.95B | $10.53B | $9.52B | $10.52B | $10.32B |
| Pre-Tax Income | $1.08B | $1.59B | $2.25B | $1.93B | $2.12B | $1.76B |
| Income Tax | $176.8M | $353.7M | $527.6M | $336.8M | $433.6M | $422.1M |
| Net Income | $901.2M | $1.24B | $1.73B | $1.59B | $1.68B | $1.34B |
| Diluted EPS | $230.11 | $320.48 | $491.82 | $463.31 | $506.69 | $436.55 |
NVR Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.61B | $2.71B | $1.88B | $2.33B |
| Net Income | $342.7M | $363.8M | $198.4M | $236.5M |
| Diluted EPS | $112.33 | $118.54 | $67.76 | $83.96 |
NVR Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.81B | — | — | — | — | — |
| Total Assets | $5.78B | $5.83B | $5.66B | $6.60B | $6.38B | $5.86B |
| Total Liabilities | $2.67B | $2.83B | $2.15B | $2.24B | $2.17B | $1.99B |
| Shareholders' Equity | $3.10B | $3.00B | $3.51B | $4.36B | $4.21B | $3.86B |
NVR Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $925.3M | $1.24B | $1.87B | $1.50B | $1.37B | $1.12B |
| Cash From Investing | -$3.9M | -$18.2M | -$27.4M | -$24.1M | -$26.6M | -$71.2M |
| Cash From Financing | $727.6M | -$1.40B | -$1.91B | -$833.0M | -$1.90B | -$1.76B |
| Free Cash Flow | $909.1M | $1.22B | $1.85B | $1.47B | $1.35B | $1.10B |
Figures from NVR's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full NVR financials page for every line item.
NVR Company Profile
| Ticker | NVR |
|---|---|
| Exchange | NYSE |
| Industry | Operative Builders |
| Headquarters | Reston, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000906163 |
Frequently Asked Questions
What was NVR's revenue in fiscal 2025?
NVR (NVR) reported revenue of $10.32B for fiscal 2025.
What is NVR's annual revenue history?
NVR's annual revenue by fiscal year: 2020: $7.54B; 2021: $8.95B; 2022: $10.53B; 2023: $9.52B; 2024: $10.52B; 2025: $10.32B.
What was NVR's net income in fiscal 2025?
NVR reported net income of $1.34B for fiscal 2025.
What was NVR's earnings per share (EPS) in fiscal 2025?
NVR's diluted EPS was $436.55 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did NVR generate in fiscal 2025?
NVR generated $1.10B of free cash flow in fiscal 2025.
What was NVR's revenue last quarter?
In its most recent reported quarter (2026 Q2), NVR reported revenue of $2.33B.
How many shares of NVR are outstanding?
NVR reported a weighted average of 2.7 million basic shares outstanding in 2026 Q2.
What is NVR's market cap?
Based on its latest closing price, NVR (NVR) has a market capitalization of about $16.33B.
When does NVR's fiscal year end?
NVR's fiscal year end, as registered with the SEC, is December 31.
Where is NVR headquartered?
NVR lists its business address in Reston, Virginia in its SEC filings.