NVR Inc

NVR

Equity

ISIN null / Valor 122070

New York Stock Exchange, Inc (2025-11-21)

USD 7,388.82+3.15%

NVR Inc
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About company

NVR, Inc. is a prominent American company that operates primarily in the homebuilding and mortgage banking sectors. The company constructs and sells homes through its distinct brands: Ryan Homes, NVHomes, and Heartland Homes, catering to a wide range of customer preferences and budgets. NVR, Inc. has established a significant presence in the United States, serving homebuyers across 36 metropolitan areas in 16 states and Washington, D.C. In addition to its homebuilding operations, NVR, Inc. extends its services to mortgage banking through NVR Mortgage, which is dedicated to meeting the financing needs of its homebuyers. Furthermore, NVR Settlement Services provides comprehensive settlement and title services, enhancing the company's integrated approach to homebuying. NVR, Inc. also incorporates a Building Products operation that manufactures structural components for its construction projects, emphasizing efficiency and waste reduction. This multifaceted business model allows NVR, Inc. to maintain control over various aspects of the homebuying process, from construction to financing, thereby streamlining the customer experience.

Summarized from source with an LLMView SourceSector: Industrials

Net Income and Earnings Per Share

For the third quarter of 2025, NVR Inc reported a net income of $342.7 million, or $112.33 per diluted share, representing a 20% decrease compared to $429.3 million, or $130.50 per diluted share, in Q3 2024.

Revenue Performance

Consolidated revenues for Q3 2025 totaled $2.61 billion, down from $2.73 billion in the third quarter of 2024. For the nine months ended September 30, 2025, revenues were $7.61 billion, a 1% decrease from $7.68 billion in the same period the previous year.

Homebuilding Segment

New orders in Q3 2025 decreased by 16% to 4,735 units compared to 5,650 units in Q3 2024. The average sales price increased by 3% to $464,800, while the cancellation rate rose to 19% from 15% year-over-year. Settlements also saw a 5% decline, with 5,639 units sold compared to 5,908 units in Q3 2024.

Mortgage Banking Segment

Mortgage closed loan production for Q3 2025 was $1.54 billion, a 7% decrease from Q3 2024. Income before tax from the mortgage banking segment fell by 6% to $32.7 million compared to $34.9 million in the same quarter last year.

Gross Profit Margin

The gross profit margin for Q3 2025 decreased to 21.0% from 23.4% in Q3 2024, impacted by higher lot costs, pricing pressures, and contract land deposit impairments totaling approximately $18.9 million.

Effective Tax Rate

NVR Inc's effective tax rate increased to 22.8% for the three months and 24.5% for the nine months ended September 30, 2025, up from 20.3% and 20.6% respectively in the same periods the previous year. This rise is primarily due to a lower income tax benefit from excess tax benefits on stock option exercises.

Summarized from source with an LLMView Source

Key figures

-17.4%1Y

70.5%3Y

77.6%5Y

Performance

27.3%1Y

24.7%3Y

27.5%5Y

Volatility