Stocks · Industrials · Operative Builders

NVR, Inc.

NVR Clue Score66
United States Fiscal year ends December CIK 0000906163
$5,899.16 -1.72% Close, 9 Oct 2026
Price $5,899.16 +21.86% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue5.82Net income0.43EPS, diluted103.61Fiscal year 2017Revenue6.31 +8.3%Net income0.54 +26.4%EPS, diluted126.77 +22.4%Fiscal year 2018Revenue7.16 +13.6%Net income0.80 +48.3%EPS, diluted194.80 +53.7%Fiscal year 2019Revenue7.39 +3.1%Net income0.88 +10.2%EPS, diluted221.13 +13.5%Fiscal year 2020Revenue7.54 +2.0%Net income0.90 +2.6%EPS, diluted230.11 +4.1%Fiscal year 2021Revenue8.95 +18.8%Net income1.24 +37.2%EPS, diluted320.48 +39.3%Fiscal year 2022Revenue10.53 +17.6%Net income1.73 +39.5%EPS, diluted491.82 +53.5%Fiscal year 2023Revenue9.52 −9.6%Net income1.59 −7.8%EPS, diluted463.31 −5.8%Fiscal year 2024Revenue10.52 +10.6%Net income1.68 +5.7%EPS, diluted506.69 +9.4%Fiscal year 2025Revenue10.32 −1.9%Net income1.34 −20.3%EPS, diluted436.55 −13.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.82 6.31 7.16 7.39 7.54 8.95 10.53 9.52 10.52 10.32
Growth +8.3% +13.6% +3.1% +2.0% +18.8% +17.6% −9.6% +10.6% −1.9%
Net income 0.43 0.54 0.80 0.88 0.90 1.24 1.73 1.59 1.68 1.34
Growth +26.4% +48.3% +10.2% +2.6% +37.2% +39.5% −7.8% +5.7% −20.3%
EPS, diluted 103.61 126.77 194.80 221.13 230.11 320.48 491.82 463.31 506.69 436.55
Growth +22.4% +53.7% +13.5% +4.1% +39.3% +53.5% −5.8% +9.4% −13.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin7.3%Free cash flow margin6.4%Fiscal year 2017Net margin8.5%Free cash flow margin8.7%Fiscal year 2018Net margin11.1%Free cash flow margin9.8%Fiscal year 2019Net margin11.9%Free cash flow margin11.4%Fiscal year 2020Net margin12.0%Free cash flow margin12.1%Fiscal year 2021Net margin13.8%Free cash flow margin13.7%Fiscal year 2022Net margin16.4%Free cash flow margin17.6%Fiscal year 2023Net margin16.7%Free cash flow margin15.5%Fiscal year 2024Net margin16.0%Free cash flow margin12.8%Fiscal year 2025Net margin13.0%Free cash flow margin10.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 7.3% 8.5% 11.1% 11.9% 12.0% 13.8% 16.4% 16.7% 16.0% 13.0%
Free cash flow margin 6.4% 8.7% 9.8% 11.4% 12.1% 13.7% 17.6% 15.5% 12.8% 10.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.39Capital expenditure−0.02Free cash flow0.37Buybacks−0.46Fiscal year 2017Operating cash flow0.57Capital expenditure−0.02Free cash flow0.55 +48.4%Buybacks−0.42Fiscal year 2018Operating cash flow0.72Capital expenditure−0.02Free cash flow0.70 +27.9%Buybacks−0.85Fiscal year 2019Operating cash flow0.87Capital expenditure−0.02Free cash flow0.84 +20.0%Buybacks−0.70Fiscal year 2020Operating cash flow0.93Capital expenditure−0.02Free cash flow0.91 +7.7%Buybacks−0.37Fiscal year 2021Operating cash flow1.24Capital expenditure−0.02Free cash flow1.22 +34.7%Buybacks−1.54Fiscal year 2022Operating cash flow1.87Capital expenditure−0.02Free cash flow1.85 +51.2%Buybacks−1.50Fiscal year 2023Operating cash flow1.50Capital expenditure−0.02Free cash flow1.47 −20.4%Buybacks−1.08Fiscal year 2024Operating cash flow1.37Capital expenditure−0.03Free cash flow1.35 −8.7%Buybacks−2.06Fiscal year 2025Operating cash flow1.12Capital expenditure−0.02Free cash flow1.10 −18.5%Buybacks−1.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.39 0.57 0.72 0.87 0.93 1.24 1.87 1.50 1.37 1.12
Capital expenditure −0.02 −0.02 −0.02 −0.02 −0.02 −0.02 −0.02 −0.02 −0.03 −0.02
Free cash flow 0.37 0.55 0.70 0.84 0.91 1.22 1.85 1.47 1.35 1.10
Growth +48.4% +27.9% +20.0% +7.7% +34.7% +51.2% −20.4% −8.7% −18.5%
Buybacks −0.46 −0.42 −0.85 −0.70 −0.37 −1.54 −1.50 −1.08 −2.06 −1.83

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.42Shareholders’ equity1.30Fiscal year 2017Cash0.69Shareholders’ equity1.61Fiscal year 2018Cash0.73Shareholders’ equity1.81Fiscal year 2019Cash1.16Shareholders’ equity2.34Fiscal year 2020Cash2.81Shareholders’ equity3.10Fiscal year 2021Cash2.64Shareholders’ equity3.00Fiscal year 2022Cash2.57Shareholders’ equity3.51Fiscal year 2023Cash3.22Shareholders’ equity4.36Fiscal year 2024Cash2.66Shareholders’ equity4.21Fiscal year 2025Cash1.96Shareholders’ equity3.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.42 0.69 0.73 1.16 2.81 2.64 2.57 3.22 2.66 1.96
Shareholders’ equity 1.30 1.61 1.81 2.34 3.10 3.00 3.51 4.36 4.21 3.86

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
5.82 6.31 7.16 7.39 7.54 8.95 10.53 9.52 10.52 10.32
Growth +8.3% +13.6% +3.1% +2.0% +18.8% +17.6% −9.6% +10.6% −1.9%
0.24 0.31 0.16 0.15 0.18 0.35 0.53 0.34 0.43 0.42
0.43 0.54 0.80 0.88 0.90 1.24 1.73 1.59 1.68 1.34
Growth +26.4% +48.3% +10.2% +2.6% +37.2% +39.5% −7.8% +5.7% −20.3%
Per share
110.53 144.00 219.58 241.31 244.11 345.37 525.20 491.52 540.88 462.00
103.61 126.77 194.80 221.13 230.11 320.48 491.82 463.31 506.69 436.55
Growth +22.4% +53.7% +13.5% +4.1% +39.3% +53.5% −5.8% +9.4% −13.8%
3.8 3.7 3.6 3.6 3.7 3.6 3.3 3.2 3.1 2.9
4.1 4.2 4.1 4.0 3.9 3.9 3.5 3.4 3.3 3.1
Growth +3.3% −3.5% −2.9% −1.4% −1.5% −9.1% −2.1% −3.4% −7.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.5% a year over five years, and earnings per share grew 13.7% a year.
  • The diluted share count fell 21.6% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 10 years on file.