NVR Inc
NVR
ISIN null / Valor 122070
NVR Inc
UMushroom community rating:
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: IndustrialsLatest Results (30.08.2026):
NVR, Inc. reported results for the second quarter of 2025. Net income for Q2 2025 was $333.7 million (down from $400.9 million in Q2 2024) and diluted EPS was $108.54 (down from $120.69). Homebuilding revenues were essentially flat year-over-year at $2.548 billion, while homebuilding income declined to $417.5 million. New orders fell 11% to 5,379 units and backlog decreased to 10,069 units. Mortgage loan closings were $1.555 billion and mortgage banking income dropped materially versus prior year.
Overall earnings
Q2 2025 net income: $333.7M vs $400.9M a year ago. Income before taxes: $447.1M (Q2 2025) vs $533.6M (Q2 2024). Diluted EPS Q2 2025: $108.54 vs $120.69 in Q2 2024.
Homebuilding results
Homebuilding revenue Q2 2025: $2.548B (flat YoY). Homebuilding income fell to $417.5M from $488.5M. Cost of sales increased YoY and SG&A rose slightly, weighing on margins.
Mortgage banking
Mortgage banking income declined to $29.6M in Q2 2025 from $45.0M in Q2 2024, despite loan closings rising modestly to $1.555B from $1.530B. Capture rate remained strong at 87% for the quarter.
Orders, cancellations and backlog
New orders in Q2 2025 were down 11% to 5,379 units (average price $458.1k). Cancellation rate increased to 16.5% (from 12.9% in Q2 2024). Backlog at quarter end: 10,069 units (down from 11,597), average backlog price $472.1k.
Settlements and activity
Settlements in Q2 2025: 5,475 units (down from 5,659) with average settlement price $465.4k (up from $450.2k). Average active communities were 426 (vs 433 a year ago).
Balance sheet, cash and buybacks
Total assets $5.939B vs $6.381B a year ago; homebuilding cash and equivalents $1.727B. Shares outstanding at quarter end 2,883,215 (down from 3,090,266); the company repurchased 65,834 shares in the quarter at an aggregate cost of $471.4M.
Tax rate
Income tax expense Q2 2025 was $113.4M on pre-tax income of $447.1M, implying an effective tax rate of roughly 25.4% for the quarter (consistent with the six‑month rate).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
16301 M
Market cap (USD)
46,452
Daily traded volume (Shares)
8205.2 / 8112.2
1 day high/low (USD)
52 weeks high/low (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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