NVR (NVR) Company Report

NVR reported Q3 net income of $342.7 million and diluted EPS of $112.33, down 20% and 14% year-over-year, respectively.
Consolidated revenues totaled $2.61 billion, with homebuilding revenues of $2.56 billion (-4%); homebuilding income before tax was $411.4 million (-18%).
New orders declined 16% to 4,735 units, and backlog units fell 19% to 9,165 (backlog value decreased 17% to $4.39 billion).
Mortgage banking closed loan production was $1.54 billion (-7%), with income before tax of $32.7 million (-6%).

Oct 22, 2025, 1:30 PM

NVR announces Q3 2025 results

NVR

Earnings

Demand Weakening

Delivered net income of $342.7 million, or $112.33 per diluted share, down 20% and 14%, respectively, versus Q3 2024.
Consolidated revenues totaled $2.61 billion, a 4% decrease year-over-year.
Homebuilding: revenues fell 4% to $2.56 billion; gross margin declined to 21.0% (from 23.4%); new orders decreased 16% to 4,735 units, and backlog units were down 19% to 9,165 units.
Mortgage banking closed loan production was $1.54 billion (−7%), with income before tax of $32.7 million (−6%).

Oct 22, 2025, 1:00 PM

NVR announces share repurchase authorization

NVR

Share Buyback

Board authorized repurchase of up to $750 million of common stock with no expiration date.
Repurchases will occur in the open market and/or through privately negotiated transactions as market conditions permit.
This continues the stock repurchase program launched in 1994, aligned with NVR’s strategy of maximizing shareholder value.
Authorization prohibits purchases from the company’s officers, directors or its Profit Sharing/401(k) and ESOP trusts.
As of August 7, 2025, NVR had 2,872,926 shares of common stock outstanding.

Aug 8, 2025, 6:30 PM

NVR announces Q2 2025 results

NVR

Earnings

NVR reported Q2 net income of $333.7 million and diluted EPS of $108.54, declines of 17% and 10% respectively versus Q2 2024; consolidated revenue was $2.60 billion, essentially flat year-over-year.
For the six months ended June 30, 2025, revenue rose 1% to $5.00 billion, while net income fell 20% to $633.3 million and diluted EPS dropped 14% to $203.20.
Homebuilding new orders fell 11% to 5,379 units with an average sales price of $458,100; backlog units decreased 13% to 10,069 units (dollar backlog $4.75 billion).
Mortgage banking loan production rose 2% to $1.56 billion, but segment pre-tax income declined 34% to $29.6 million, primarily due to lower secondary marketing gains.

Jul 23, 2025, 1:00 PM

NVR Inc. Authorizes $750M Share Repurchase

NVR

Share Buyback

NVR, Inc. has been authorized by its Board of Directors to repurchase up to $750 million of its outstanding common stock, with no set expiration date.
The repurchase program will proceed in the open market or via privately negotiated transactions, excluding shares held by officers, directors, and certain employee plans.
As of May 5, 2025, the company had 2,924,012 shares outstanding, reflecting its current capital structure.

May 6, 2025, 6:20 PM

NVR Inc. Announces Q1 2025 Results

NVR

Earnings

Revenue Acceleration/Inflection

Net income for Q1 2025 fell 24% to $299.6 million with diluted earnings at $94.83 compared to Q1 2024 levels, indicating a notable decline (documents ).
Consolidated revenues increased by 3% to $2.40 billion in Q1 2025, reflecting modest growth in the period (documents ).
The homebuilding segment experienced a 12% decrease in new orders and a slight drop in average sales price, alongside a decrease in the gross profit margin from 24.5% to 21.9% (documents ).

Apr 22, 2025, 1:00 PM

NVR Inc Enters New Credit Agreement

NVR

Debt Issuance

On March 11, 2025, NVR Inc entered into a Second Amended and Restated Credit Agreement featuring a five-year, $300 million senior unsecured revolving credit facility with an uncommitted accordion feature that could increase the aggregate commitment to $600 million and includes a $100 million sublimit for letters of credit.
The new agreement extends the maturity date from February 11, 2026 to March 11, 2030 and maintains key financial covenants, continuing the terms of its previous credit agreement.

Mar 12, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for NVR.

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