NVR, Inc.
NVR Consumer Cyclical Residential Construction
NVR, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.3 billion, down 1.91% from fiscal 2024. In the quarter to June 2026, revenue fell 10.5%, EPS fell 23.5%, free cash flow fell 682.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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NVR, Inc. (NVR) Gross margin
NVR, Inc.'s gross margin over the twelve months to 30 June 2026 was 22.0%, down 1.0 percentage points from fiscal 2025 (23.0%). Over the past ten years it has ranged from 19.1% (fiscal 2016) to 27.2% (fiscal 2022); the current reading is higher than 64% of that period. That is in line with the Residential Construction industry median of 22.3% and below the Consumer Cyclical sector median of 35.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 23.0% | (2.45) |
| FY2024 | 25.4% | (0.51) |
| FY2023 | 25.9% | (1.29) |
| FY2022 | 27.2% | 2.77 |
| FY2021 | 24.4% | 3.22 |
| FY2020 | 21.2% | 0.39 |
| FY2019 | 20.8% | 0.29 |
| FY2018 | 20.5% | (0.32) |
| FY2017 | 20.9% | 1.72 |
| FY2016 | 19.1% | (1.02) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 20.9% | (0.76) |
| Mar 2026 | 21.6% | (1.10) |
| Dec 2025 | 22.7% | 0.17 |
| Sep 2025 | 22.5% | (0.50) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IBP Installed Building Products, Inc. compare | 33.6% |
| SKY Champion Homes, Inc. compare | 26.0% |
| PHM PulteGroup, Inc. compare | 25.2% |
| TOL Toll Brothers Inc. compare | 23.8% |
| CVCO Cavco Industries, Inc. compare | 23.2% |
| DHI D.R. Horton, Inc. compare | 22.6% |
| NVR NVR, Inc. | 22.0% |
| LEN Lennar Corporation compare | 7.49% |
| LEN.B Lennar Corporation compare | 7.49% |
| Residential Construction industry median | 22.3% |
| Consumer Cyclical sector median | 35.0% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NVR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement