FirmAtlas
Company handbook · NVR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
NVR · CIK 906163 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
NVR, Inc.
$5,919.82
−21.01 (−0.35%)
Close, Oct 16, 2026 · 52-week $5,501–8,200
Last fiscal year
NVR, Inc. reported revenue of $10.3B for the year ended Dec 31, 2025 (FY25), down 1.9% from FY24. Net income was $1.3B, operating cash flow $1.1B and free cash flow $1.1B. Source: 10-K filed Feb 11, 2026.
Market cap
$16.6B
P/E
14.5
P/B
4.9
Revenue 1Y
−1.9%/yr
EPS 1Y
−13.8%/yr
Shares 1Y
−7%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
HQReston, VA
AuditorKPMG LLP
Employees6,300
Year endsDecember
Revenue by segment · FY25
Home Building98%
Mortgage Banking2%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
14.0%
3.6%
0.0%
−22.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.9B deployed
Capex
$54M
1.4%
Buybacks
$3.9B
98.6%
Operating cash flow over the period: $2.5B. Total debt changed by $0M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,374
1,121−18.4%
1,067
Net income
1,682
1,340−20.3%
—
Depreciation & amortization
18
25+33.4%
—
Stock-based compensation
74
69−6.4%
—
Working capital & other
(400)
(312)n/m
—
Cash from investing
(27)
(71)n/m
—
Capex
(29)
(25)n/m
—
PP&E sold
3
0.9−70.0%
—
Other investing
(0.4)
(48)n/m
—
Cash from financing
(1,899)
(1,758)n/m
—
Debt repaid
0
—
—
Buybacks
(2,058)
(1,833)n/m
—
Shares issued
162
80−50.4%
—
Other financing
(3)
(5)n/m
—
Net change in cash
(551)
(708)n/m
—
Free cash flow (OCF − capex)
1,345
1,097−18.5%
1,046
Where the cash went
Operating cash flow
1,374
1,121−18.4%
1,067
Reinvested in the business
29
25−16.1%
—
% of operating cash flow
2.1%
2.2%
Capex
29
25−16.1%
20
Free cash flow
1,345
1,097−18.5%
1,046
YoY
−18.5%
Returned to shareholders
2,058
1,833−10.9%
—
% of free cash flow
153.0%
167.1%
Buybacks
2,058
1,833−10.9%
—
FCF conversion (FCF ÷ net income)
80.0%
81.9%+1.9 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,610
2,713
1,881
2,326
vs year-ago quarter
Net income
343
364
198
236
vs year-ago quarter
Net margin
13.1%
13.4%
10.5%
10.2%
EPS (diluted, $)
112.33
129.96
67.76
83.96
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
6,035
5,857
5,586
5,471
Cash & equivalents
2,024
1,957
1,730
1,197
Shareholders’ equity
3,967
3,865
3,494
3,391
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
439
440
340
(152)
Capex
5
4
5
6
Free cash flow
433
436
335
(158)
vs year-ago quarter