NVR, Inc. (NVR) Stock Analysis
Consumer Cyclical · Residential Construction · NYSE
NVR, Inc. (NVR) posted $10.09B in revenue for fiscal 2025 (down 1.9% year over year), at a 13.3% net margin, and has compounded revenue about 6.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on NVR, Inc.
NVR, Inc. has grown revenue from $5.82B to $10.09B over the last 10 fiscal years, compounding about 6% a year. The most recent year was down 1.9%, so growth has cooled from its longer-run pace.
Net margin sits at 13.3%, down 3 points year over year.
At today's valuation the market is pricing in roughly 3.8% annual free-cash-flow growth — versus the 3.8% it actually delivered over the last five years, broadly in line with what it has delivered. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from NVR, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
NVR, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.82B | $6.31B | $7.16B | $7.39B | $7.54B | $8.95B | $10.33B | $9.31B | $10.29B | $10.09B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $425.26M | $537.52M | $797.20M | $878.54M | $901.25M | $1.24B | $1.73B | $1.59B | $1.68B | $1.34B |
| Net margin | 7.3% | 8.5% | 11.1% | 11.9% | 12.0% | 13.8% | 16.7% | 17.1% | 16.3% | 13.3% |
Source: NVR, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
NVR, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 16.7% to 13.3% over ~3 years — profitability is compressing.
What growth is priced into NVR stock?
At today's market cap of $16.46B, NVR, Inc. is priced for free-cash-flow growth of about 3.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.10B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.8%/yr over the last five fiscal years and revenue 6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of NVR, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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NVR, Inc. financial history by metric
Compare NVR, Inc. with peers
About NVR, Inc.
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.
NVR, Inc. — frequently asked questions
What is NVR, Inc.'s revenue?
NVR, Inc. (NVR) reported revenue of $10.09B for fiscal year 2025, down 1.9% from the prior year, according to its SEC filings.
Is NVR, Inc. profitable?
Yes. NVR earned net income of $1.34B in fiscal 2025, a net margin of 13.3%.
What is NVR's P/E ratio?
NVR, Inc. trades at a price-to-earnings ratio of about 16.0 based on the latest data in our nightly-refreshed cache.
How fast is NVR, Inc. growing?
NVR's revenue grew at roughly 6.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does NVR, Inc. have?
As of fiscal year 2025, NVR carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is NVR, Inc.'s market cap?
NVR, Inc. (NVR) has a market capitalization of about $16.46B, based on the latest data in our nightly-refreshed cache.
When does NVR, Inc.'s fiscal year end?
NVR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into NVR stock?
At today's market cap of $16.46B, NVR, Inc. is priced for free-cash-flow growth of about 3.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.10B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.8%/yr over the last five fiscal years and revenue 6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from NVR, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.