$6,043.84

-4.03 (-0.07%)

Weekly Expected Move ±4.1%

$5107 $5337 $5566 $5796 $6025

NYSE · Consumer Cyclical · Residential Construction · Alpha Radar Neutral · Power 49 · $16.3B mcap · 3M float · 0.909% daily turnover · Short 66% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

50.8 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 37.7% · 5Y Avg: 46.7%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. NVR shows a Weak competitive edge (50.8/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Efficient Scale. ROIC of 37.7% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$6600

Low

$7465

Avg Target

$8096

High

Based on 3 analysts since Apr 22, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 10Hold: 10Sell: 4Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$7374.00

Analysts4

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-23	Truist Financial	—	$7100	$6600	-500	+0.3%	$6577.10
2026-04-23	UBS	John Lovallo	$8100	$7700	-400	+16.7%	$6595.45
2026-04-22	BTIG	Ryan Gilbert	$9022	$8096	-926	+22.4%	$6612.24
2026-04-16	Truist Financial	Jonathan Bettenhausen	Initiated	$7100	—	+4.6%	$6786.66
2026-02-13	UBS	John Lovallo	$8350	$8100	-250	+4.6%	$7741.37
2026-01-29	UBS	—	$8150	$8350	+200	+9.5%	$7624.12
2026-01-06	UBS	John Lovallo	$8500	$8150	-350	+11.4%	$7317.34
2025-12-01	BTIG	—	Initiated	$9022	—	+20.0%	$7517.09
2025-10-23	UBS	John Lovallo	Initiated	$8500	—	+10.4%	$7697.16
2023-12-07	Deutsche Bank	Joe Ahlersmeyer	Initiated	$4900	—	-24.0%	$6444.80

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NVR receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: P/B (1/5).

Rating Change History

Date	From	To
2026-05-08	B+	A-
2026-05-04	A-	B+
2026-04-23	B-	A-
2026-04-22	B+	B-
2026-04-01	A-	B+
2026-02-04	B-	A-
2026-01-29	A-	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 52 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. NVR scores highest in Safety (100/100) and lowest in Growth (19/100). An overall grade of A places NVR among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

12.86

Safe Zone

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗

Beneish M-Score

-0.97

Possible Manipulator

Ohlson O-Score

-10.67

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AAA

Score: 96.7/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.01x

Accruals: -0.2%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. NVR scores 12.86, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. NVR scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. NVR's score of -0.97 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. NVR's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. NVR receives an estimated rating of AAA (score: 96.7/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). NVR's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

13.57x

PEG

-0.83x

P/S

1.68x

P/B

4.81x

P/FCF

15.68x

P/OCF

15.40x

EV/EBITDA

11.45x

EV/Revenue

1.91x

EV/EBIT

11.53x

EV/FCF

15.06x

Earnings Yield

6.42%

FCF Yield

6.38%

Shareholder Yield

9.75%

Graham Number

$3544.48

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 13.6x earnings, NVR trades at a reasonable valuation. An earnings yield of 6.4% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $3544.48 per share, 71% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.769

NI / EBT

Interest Burden

1.003

EBT / EBIT

EBIT Margin

0.166

EBIT / Rev

Asset Turnover

1.586

Rev / Assets

Equity Multiplier

1.516

Assets / Equity

ROE

30.7%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. NVR's ROE of 30.7% is driven by Asset Turnover (1.586), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$3595.66

Price/Value

1.83x

Margin of Safety

-83.27%

Premium

83.27%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with NVR's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. NVR trades at a 83% premium to its adjusted intrinsic value of $3595.66, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 13.6x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$6043.84

Median 1Y

$6334.71

5th Pctile

$3737.76

95th Pctile

$10763.17

Ann. Volatility

34.1%

Analyst Target

$7374.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Paul C. Saville Executive Chairman of the Board	$2,475,000	$—	$2,993,175
Eugene J. Bredow President and Chief Executive Officer	$1,437,500	$—	$1,748,227
Daniel D. Malzahn Senior Vice President, Chief Financial Officer and Treasurer	$763,750	$—	$939,761
Matthew B. Kelpy Vice President and Chief Accounting Officer	$408,825	$—	$513,869

CEO Pay Ratio

16:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,748,227

Avg Employee Cost (SGA/emp): $110,972

Employees: 6,300

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

6,300

-10.0% YoY

Revenue / Employee

$1,638,724

Rev: $10,323,959,000

Profit / Employee

$212,669

NI: $1,339,816,000

SGA / Employee

$110,972

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	41.6%	44.3%	40.5%	46.3%	50.0%	52.6%	53.0%	50.5%	49.6%	50.3%	40.4%	41.7%	41.6%	41.5%	39.2%	37.0%	35.5%	33.4%	33.2%	30.7%	30.68%
ROA	23.6%	25.2%	21.3%	24.4%	26.3%	27.7%	30.0%	28.6%	28.1%	28.5%	26.0%	26.8%	26.7%	26.7%	25.9%	24.5%	23.4%	22.1%	21.9%	20.2%	20.24%
ROIC	52.4%	57.1%	56.6%	65.8%	71.7%	76.2%	83.4%	79.9%	77.8%	78.0%	67.9%	70.0%	69.7%	69.7%	60.3%	56.7%	54.7%	51.6%	41.0%	37.7%	37.74%
ROCE	31.7%	34.1%	35.7%	41.3%	44.7%	46.8%	50.8%	47.7%	45.3%	45.3%	36.4%	37.0%	38.2%	38.2%	41.0%	39.7%	38.0%	36.2%	36.4%	32.7%	32.69%
Gross Margin	24.7%	24.2%	26.3%	30.6%	27.7%	24.7%	26.6%	26.3%	26.2%	26.1%	25.6%	26.2%	25.6%	25.1%	25.4%	21.9%	23.2%	23.5%	22.7%	21.6%	21.61%
Operating Margin	17.1%	17.0%	18.1%	22.3%	20.9%	19.0%	20.4%	18.9%	18.8%	19.7%	18.9%	19.2%	18.9%	18.6%	18.7%	16.0%	16.4%	16.9%	16.5%	12.0%	12.04%
Net Margin	14.1%	13.8%	15.0%	17.9%	16.3%	14.8%	16.7%	15.8%	17.3%	16.8%	16.8%	16.9%	15.3%	15.7%	16.0%	12.7%	12.8%	13.7%	13.4%	10.5%	10.55%
EBITDA Margin	19.0%	18.8%	19.9%	24.5%	22.2%	19.8%	21.6%	20.4%	20.6%	21.4%	20.3%	20.6%	20.8%	20.1%	20.5%	17.7%	17.7%	18.2%	17.5%	12.0%	12.04%
FCF Margin	12.2%	14.5%	13.7%	13.0%	11.9%	12.9%	17.6%	18.0%	17.4%	18.3%	15.4%	13.4%	15.1%	11.9%	12.8%	13.3%	11.5%	12.5%	10.8%	12.7%	12.69%
OCF Margin	12.4%	14.6%	13.9%	13.2%	12.1%	13.1%	17.7%	18.1%	17.6%	18.5%	15.7%	13.7%	15.4%	12.2%	13.0%	13.6%	11.7%	12.8%	11.0%	12.9%	12.92%
ROE 3Y Avg	snapshot only																				35.79%
ROE 5Y Avg	snapshot only																				40.27%
ROA 3Y Avg	snapshot only																				23.63%
ROIC 3Y Avg	snapshot only																				35.52%
ROIC Economic	snapshot only																				24.07%
Cash ROA	snapshot only																				21.40%
Cash ROIC	snapshot only																				40.37%
CROIC	snapshot only																				39.65%
NOPAT Margin	snapshot only																				12.08%
Pretax Margin	snapshot only																				16.61%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				7.11%
SBC / Revenue	snapshot only																				0.66%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	17.13	15.26	17.94	11.55	9.19	8.62	9.11	11.69	13.64	12.60	14.84	16.71	15.38	19.75	16.14	14.42	15.14	17.35	16.29	15.58	13.570
P/S Ratio	2.24	2.03	2.48	1.76	1.45	1.38	1.49	1.86	2.20	2.10	2.48	2.83	2.53	3.19	2.57	2.17	2.18	2.41	2.15	1.99	1.681
P/B Ratio	6.25	5.94	7.39	5.44	4.67	4.61	4.48	5.48	6.28	5.88	5.41	6.29	5.78	7.40	6.45	5.44	5.47	5.91	5.65	4.99	4.810
P/FCF	18.26	14.03	18.12	13.56	12.22	10.69	8.49	10.33	12.61	11.49	16.03	21.14	16.76	26.83	20.18	16.25	19.04	19.24	19.90	15.68	15.675
P/OCF	18.02	13.87	17.86	13.35	12.01	10.54	8.41	10.24	12.46	11.33	15.76	20.64	16.44	26.18	19.75	15.94	18.59	18.86	19.47	15.40	15.396
EV/EBITDA	12.07	10.63	12.76	8.02	6.31	5.93	6.15	8.15	9.94	9.26	10.88	12.59	11.13	14.54	11.82	10.17	10.66	12.14	11.65	11.45	11.447
EV/Revenue	2.10	1.90	2.37	1.65	1.35	1.28	1.35	1.71	2.05	1.95	2.25	2.61	2.31	2.97	2.42	2.02	2.03	2.26	2.07	1.91	1.910
EV/EBIT	12.24	10.77	12.91	8.10	6.36	5.98	6.20	8.22	10.02	9.34	10.98	12.69	11.22	14.67	11.92	10.26	10.78	12.29	11.77	11.53	11.531
EV/FCF	17.14	13.13	17.32	12.74	11.36	9.93	7.67	9.52	11.74	10.65	14.57	19.48	15.33	25.04	19.00	15.12	17.73	18.01	19.21	15.06	15.058
Earnings Yield	5.8%	6.6%	5.6%	8.7%	10.9%	11.6%	11.0%	8.6%	7.3%	7.9%	6.7%	6.0%	6.5%	5.1%	6.2%	6.9%	6.6%	5.8%	6.1%	6.4%	6.42%
FCF Yield	5.5%	7.1%	5.5%	7.4%	8.2%	9.4%	11.8%	9.7%	7.9%	8.7%	6.2%	4.7%	6.0%	3.7%	5.0%	6.2%	5.3%	5.2%	5.0%	6.4%	6.38%
Price/Tangible Book	snapshot only																				4.992
EV/OCF	snapshot only																				14.790
EV/Gross Profit	snapshot only																				8.372
Acquirers Multiple	snapshot only																				12.158
Shareholder Yield	snapshot only																				9.75%
Graham Number	snapshot only																				$3544.48

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	4.96	4.96	4.35	4.35	4.35	4.35	4.53	4.53	4.53	4.53	4.90	4.90	4.90	4.90	5.07	5.07	5.07	5.07	3.95	3.95	3.954
Quick Ratio	3.38	3.38	2.78	2.78	2.78	2.78	2.97	2.97	2.97	2.97	3.31	3.31	3.31	3.31	3.29	3.29	3.29	3.29	2.12	2.12	2.118
Debt/Equity	0.51	0.51	0.53	0.53	0.53	0.53	0.29	0.29	0.29	0.29	0.23	0.23	0.23	0.23	0.24	0.24	0.24	0.24	0.31	0.31	0.310
Net Debt/Equity	-0.38	-0.38	-0.33	-0.33	-0.33	-0.33	-0.43	-0.43	-0.43	-0.43	-0.49	-0.49	-0.49	-0.49	-0.38	-0.38	-0.38	-0.38	-0.20	-0.20	-0.197
Debt/Assets	0.28	0.28	0.27	0.27	0.27	0.27	0.18	0.18	0.18	0.18	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.20	0.20	0.204
Debt/EBITDA	1.06	0.98	0.96	0.83	0.77	0.73	0.44	0.46	0.49	0.49	0.51	0.50	0.49	0.49	0.47	0.49	0.51	0.53	0.66	0.74	0.739
Net Debt/EBITDA	-0.79	-0.73	-0.59	-0.51	-0.47	-0.45	-0.66	-0.70	-0.73	-0.73	-1.09	-1.07	-1.04	-1.04	-0.74	-0.76	-0.79	-0.83	-0.42	-0.47	-0.470
Interest Coverage	28.84	30.15	30.91	35.84	39.54	46.90	57.98	64.07	72.67	73.49	70.49	72.94	74.95	74.53	77.14	73.04	70.53	67.63	63.47	57.53	57.529
Equity Multiplier	1.86	1.86	1.94	1.94	1.94	1.94	1.61	1.61	1.61	1.61	1.51	1.51	1.51	1.51	1.52	1.52	1.52	1.52	1.52	1.52	1.515
Cash Ratio	snapshot only																				2.084
Debt Service Coverage	snapshot only																				57.950
Cash to Debt	snapshot only																				1.635
FCF to Debt	snapshot only																				1.029
Defensive Interval	snapshot only																				1053.4 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	1.81	1.89	1.54	1.60	1.67	1.73	1.83	1.80	1.74	1.71	1.56	1.58	1.63	1.65	1.62	1.63	1.62	1.59	1.66	1.59	1.586
Inventory Turnover	4.36	4.54	3.70	3.74	3.85	4.00	4.10	4.08	3.97	3.87	3.77	3.84	3.95	4.03	3.92	3.97	4.00	3.93	4.15	3.96	3.960
Receivables Turnover	473.95	496.14	486.27	504.56	524.96	545.71	535.02	524.91	508.68	498.21	382.60	388.87	399.91	406.47	342.20	342.62	342.17	334.63	311.23	296.87	296.869
Payables Turnover	18.76	19.56	17.11	17.30	17.81	18.51	19.56	19.45	18.95	18.46	16.20	16.47	16.97	17.32	18.23	18.48	18.60	18.29	22.45	21.42	21.420
DSO	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1.2 days
DIO	84	80	99	98	95	91	89	89	92	94	97	95	92	91	93	92	91	93	88	92	92.2 days
DPO	19	19	21	21	20	20	19	19	19	20	23	22	22	21	20	20	20	20	16	17	17.0 days
Cash Conversion Cycle	65	62	78	77	75	72	71	71	73	75	75	74	72	70	74	73	73	74	73	76	76.4 days
Fixed Asset Turnover	snapshot only																				39.443
Operating Cycle	snapshot only																				93.4 days
Cash Velocity	snapshot only																				4.958
Capital Intensity	snapshot only																				0.604

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	21.8%	26.1%	18.7%	16.1%	11.6%	10.8%	17.6%	11.2%	3.6%	-2.4%	-9.5%	-6.3%	-0.5%	3.2%	10.6%	8.9%	5.8%	1.8%	-3.5%	-8.1%	-8.09%
Net Income	38.0%	41.6%	37.2%	45.1%	34.9%	33.0%	39.5%	16.2%	5.8%	1.9%	-7.8%	-0.1%	1.5%	-0.1%	5.7%	-3.3%	-7.2%	-12.3%	-20.3%	-22.0%	-21.96%
EPS	36.8%	45.2%	44.9%	56.2%	50.0%	47.2%	53.7%	23.3%	6.9%	2.3%	-6.8%	1.6%	5.9%	5.0%	7.4%	3.7%	-1.1%	-6.8%	-11.7%	-15.8%	-15.81%
FCF	16.0%	42.9%	34.7%	3.0%	8.2%	-1.3%	51.2%	54.3%	52.0%	38.6%	-20.4%	-30.2%	-13.9%	-33.0%	-8.7%	8.5%	-19.6%	7.4%	-18.5%	-12.6%	-12.61%
EBITDA	47.8%	50.1%	41.3%	47.7%	37.3%	33.8%	39.0%	13.4%	-0.3%	-4.8%	-14.6%	-7.5%	0.4%	0.4%	9.6%	4.3%	-3.0%	-7.5%	-16.4%	-22.7%	-22.70%
Op. Income	43.5%	52.8%	50.4%	59.4%	49.0%	44.0%	47.5%	18.4%	2.0%	-5.1%	-16.0%	-9.5%	-1.3%	-0.1%	9.1%	3.1%	-3.3%	-8.1%	-15.7%	-20.4%	-20.43%
OCF Growth	snapshot only																				-12.71%
Asset Growth	snapshot only																				-8.21%
Equity Growth	snapshot only																				-8.20%
Debt Growth	snapshot only																				17.26%
Shares Change	snapshot only																				-7.31%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	8.4%	9.1%	7.7%	8.2%	9.6%	10.7%	12.5%	12.3%	12.1%	10.9%	8.1%	6.6%	4.8%	3.7%	5.6%	4.3%	2.9%	0.8%	-1.2%	-2.1%	-2.10%
Revenue 5Y	9.5%	10.0%	9.0%	9.3%	9.6%	10.0%	10.8%	9.5%	8.0%	7.0%	5.9%	5.7%	6.3%	6.5%	7.3%	7.7%	8.2%	7.5%	6.2%	3.9%	3.92%
EPS 3Y	22.4%	22.7%	17.9%	23.1%	27.8%	29.2%	31.8%	29.1%	29.9%	29.8%	27.6%	25.1%	19.3%	16.5%	15.4%	9.1%	3.8%	0.0%	-4.0%	-3.9%	-3.91%
EPS 5Y	24.3%	26.0%	25.3%	27.9%	28.7%	28.5%	32.4%	27.4%	24.1%	22.7%	18.6%	18.5%	18.8%	18.3%	18.1%	17.8%	18.1%	16.4%	14.5%	11.3%	11.31%
Net Income 3Y	19.9%	20.5%	15.8%	19.9%	22.7%	23.4%	25.2%	23.8%	25.4%	24.3%	20.9%	19.0%	13.1%	10.6%	10.8%	3.9%	-0.1%	-3.7%	-8.1%	-9.0%	-9.00%
Net Income 5Y	22.7%	24.2%	23.8%	25.0%	24.1%	23.3%	26.3%	22.3%	19.7%	18.9%	14.8%	14.9%	14.7%	13.8%	13.9%	12.9%	13.1%	11.0%	8.3%	4.9%	4.92%
EBITDA 3Y	15.3%	17.9%	18.3%	22.9%	26.0%	27.2%	29.2%	27.4%	26.5%	24.1%	18.8%	15.7%	11.2%	8.5%	9.2%	3.0%	-1.0%	-4.0%	-7.8%	-9.3%	-9.31%
EBITDA 5Y	17.2%	18.9%	18.7%	21.1%	20.9%	20.3%	20.9%	17.9%	16.0%	15.9%	14.5%	14.3%	14.9%	14.5%	15.1%	14.8%	14.5%	12.2%	9.0%	4.5%	4.55%
Gross Profit 3Y	11.9%	13.6%	14.0%	17.5%	20.1%	21.4%	22.9%	22.2%	21.4%	19.6%	15.6%	12.2%	8.6%	6.7%	7.0%	1.8%	-1.3%	-3.9%	-6.9%	-6.6%	-6.64%
Gross Profit 5Y	12.9%	14.2%	14.4%	16.3%	16.6%	16.4%	16.8%	14.4%	12.6%	12.1%	10.9%	10.7%	11.2%	11.1%	11.7%	11.7%	11.8%	10.0%	7.6%	4.4%	4.41%
Op. Income 3Y	13.0%	16.7%	18.0%	23.7%	27.7%	29.4%	31.8%	31.1%	29.7%	27.8%	23.1%	19.5%	14.5%	11.0%	10.6%	3.4%	-0.9%	-4.5%	-8.3%	-9.4%	-9.43%
Op. Income 5Y	16.0%	18.3%	18.8%	21.8%	21.9%	21.4%	22.1%	19.2%	17.0%	16.8%	15.3%	15.2%	16.0%	15.5%	16.0%	16.1%	15.8%	13.9%	11.4%	7.0%	6.99%
FCF 3Y	25.3%	23.3%	20.3%	12.3%	11.2%	21.7%	29.9%	39.4%	24.1%	25.0%	17.5%	3.5%	12.3%	-2.9%	3.2%	5.3%	1.7%	-0.1%	-16.0%	-12.8%	-12.84%
FCF 5Y	36.2%	38.5%	27.6%	18.3%	16.3%	16.2%	27.5%	29.1%	26.5%	20.7%	15.9%	8.8%	12.5%	10.8%	9.8%	15.5%	5.7%	7.1%	3.8%	1.0%	1.03%
OCF 3Y	24.4%	22.6%	19.8%	11.9%	10.9%	21.0%	29.2%	38.4%	23.7%	24.8%	17.4%	3.9%	12.5%	-2.4%	3.4%	5.5%	1.9%	0.1%	-15.7%	-12.6%	-12.59%
OCF 5Y	34.1%	36.6%	26.4%	17.7%	15.8%	15.7%	26.9%	28.5%	25.9%	20.4%	15.7%	8.8%	12.4%	10.7%	9.7%	15.2%	5.8%	7.1%	3.9%	1.1%	1.12%
Assets 3Y	24.6%	24.6%	22.6%	22.6%	22.6%	22.6%	14.1%	14.1%	14.1%	14.1%	4.5%	4.5%	4.5%	4.5%	3.0%	3.0%	3.0%	3.0%	1.1%	1.1%	1.14%
Assets 5Y	18.1%	18.1%	17.2%	17.2%	17.2%	17.2%	13.6%	13.6%	13.6%	13.6%	15.8%	15.8%	15.8%	15.8%	10.9%	10.9%	10.9%	10.9%	0.3%	0.3%	0.27%
Equity 3Y	24.6%	24.6%	18.4%	18.4%	18.4%	18.4%	14.4%	14.4%	14.4%	14.4%	12.0%	12.0%	12.0%	12.0%	11.9%	11.9%	11.9%	11.9%	3.3%	3.3%	3.29%
Book Value 3Y	27.1%	26.8%	20.6%	21.6%	23.3%	24.0%	20.5%	19.3%	18.6%	19.5%	18.2%	17.8%	18.2%	18.0%	16.6%	17.5%	16.4%	16.3%	7.9%	9.1%	9.07%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.89	0.85	0.91	0.92	0.89	0.87	0.89	0.93	0.90	0.83	0.75	0.83	0.92	0.85	0.78	0.82	0.84	0.74	0.58	0.47	0.468
Earnings Stability	0.95	0.94	0.94	0.92	0.90	0.89	0.88	0.93	0.93	0.92	0.85	0.91	0.91	0.87	0.83	0.80	0.69	0.52	0.33	0.13	0.135
Margin Stability	0.94	0.93	0.91	0.87	0.86	0.87	0.88	0.88	0.87	0.88	0.88	0.89	0.89	0.89	0.90	0.90	0.89	0.90	0.90	0.93	0.925
Rev. Growth Consistency	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	1.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.85	0.83	0.85	0.82	0.86	0.87	0.84	0.94	0.98	0.99	0.97	1.00	0.99	1.00	0.98	0.99	0.97	0.95	0.92	0.91	0.912
Earnings Smoothness	0.68	0.66	0.69	0.63	0.70	0.72	0.67	0.85	0.94	0.98	0.92	1.00	0.99	1.00	0.94	0.97	0.93	0.87	0.77	0.75	0.753
ROE Trend	-0.04	-0.03	0.08	0.13	0.15	0.16	0.14	0.08	0.02	0.00	-0.09	-0.09	-0.11	-0.13	-0.03	-0.05	-0.06	-0.08	-0.04	-0.06	-0.056
Gross Margin Trend	0.03	0.03	0.03	0.05	0.05	0.05	0.04	0.02	0.01	0.01	0.00	-0.00	-0.01	-0.01	-0.01	-0.02	-0.02	-0.02	-0.03	-0.02	-0.025
FCF Margin Trend	0.00	0.03	0.02	0.01	-0.01	-0.01	0.05	0.04	0.05	0.05	-0.00	-0.02	0.00	-0.04	-0.04	-0.02	-0.05	-0.03	-0.03	-0.01	-0.007
Sustainable Growth Rate	41.6%	44.3%	40.5%	46.3%	50.0%	52.6%	53.0%	50.5%	49.6%	50.3%	40.4%	41.7%	41.6%	41.5%	39.2%	37.0%	35.5%	33.4%	33.2%	30.7%	30.68%
Internal Growth Rate	30.9%	33.7%	27.1%	32.2%	35.7%	38.2%	42.9%	40.1%	39.1%	39.8%	35.1%	36.6%	36.5%	36.3%	35.0%	32.4%	30.6%	28.3%	28.0%	25.4%	25.38%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	0.95	1.10	1.00	0.87	0.77	0.82	1.08	1.14	1.09	1.11	0.94	0.81	0.94	0.75	0.82	0.90	0.81	0.92	0.84	1.01	1.012
FCF/OCF	0.99	0.99	0.99	0.98	0.98	0.99	0.99	0.99	0.99	0.99	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.982
FCF/Net Income	snapshot only																				0.994
OCF/EBITDA	snapshot only																				0.774
CapEx/Revenue	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%	0.23%
CapEx/Depreciation	snapshot only																				1.894
Accruals Ratio	0.01	-0.03	-0.00	0.03	0.06	0.05	-0.03	-0.04	-0.03	-0.03	0.02	0.05	0.02	0.07	0.05	0.02	0.04	0.02	0.04	-0.00	-0.002
Sloan Accruals	snapshot only																				-0.315
Cash Flow Adequacy	snapshot only																				56.148
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	80.3%	1.1%	1.2%	1.4%	1.2%	1.1%	86.9%	52.4%	49.3%	55.7%	68.0%	89.5%	1.2%	1.1%	1.2%	1.4%	1.3%	1.3%	1.4%	1.5%	1.52%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	4.7%	7.1%	6.9%	11.7%	12.8%	12.8%	9.5%	4.5%	3.6%	4.4%	4.6%	5.4%	7.6%	5.5%	7.6%	9.4%	8.6%	7.6%	8.4%	9.8%	9.75%
Net Buyback Yield	3.9%	6.3%	6.3%	11.0%	11.7%	11.6%	8.3%	3.2%	2.5%	3.1%	3.5%	4.5%	6.9%	5.0%	7.0%	8.9%	8.1%	7.2%	8.0%	9.1%	9.13%
Total Shareholder Return	3.9%	6.3%	6.3%	11.0%	11.7%	11.6%	8.3%	3.2%	2.5%	3.1%	3.5%	4.5%	6.9%	5.0%	7.0%	8.9%	8.1%	7.2%	8.0%	9.1%	9.13%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.79	0.78	0.78	0.77	0.76	0.76	0.77	0.78	0.80	0.81	0.83	0.84	0.81	0.81	0.80	0.78	0.78	0.77	0.76	0.77	0.769
Interest Burden (EBT/EBIT)	0.97	0.97	0.97	0.97	0.98	0.98	0.98	0.98	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.98	1.00	1.003
EBIT Margin	0.17	0.18	0.18	0.20	0.21	0.21	0.22	0.21	0.20	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.19	0.18	0.18	0.17	0.166
Asset Turnover	1.81	1.89	1.54	1.60	1.67	1.73	1.83	1.80	1.74	1.71	1.56	1.58	1.63	1.65	1.62	1.63	1.62	1.59	1.66	1.59	1.586
Equity Multiplier	1.76	1.76	1.90	1.90	1.90	1.90	1.77	1.77	1.77	1.77	1.56	1.56	1.56	1.56	1.51	1.51	1.51	1.51	1.52	1.52	1.516

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$290.38	$314.20	$329.35	$386.78	$435.49	$462.51	$506.33	$476.82	$465.70	$473.17	$471.87	$484.66	$493.25	$496.83	$506.76	$502.45	$487.67	$463.14	$447.65	$423.02	$423.02
Book Value/Share	$796.33	$807.67	$799.57	$821.22	$856.77	$864.99	$1029.00	$1017.22	$1011.51	$1014.08	$1294.02	$1288.67	$1314.02	$1326.66	$1268.48	$1332.72	$1350.68	$1360.28	$1291.30	$1319.97	$1256.39
Tangible Book/Share	$796.33	$807.67	$799.57	$821.22	$856.77	$864.99	$1029.00	$1017.22	$1011.51	$1014.08	$1294.02	$1288.67	$1314.02	$1326.66	$1268.48	$1332.72	$1350.68	$1360.28	$1291.30	$1319.97	$1319.97
Revenue/Share	$2224.42	$2361.70	$2386.09	$2542.88	$2760.22	$2896.87	$3092.22	$2999.04	$2890.03	$2837.74	$2826.83	$2861.28	$3000.35	$3078.94	$3176.73	$3341.71	$3382.30	$3331.26	$3398.48	$3313.62	$3488.77
FCF/Share	$272.31	$341.62	$326.10	$329.50	$327.76	$373.12	$543.33	$539.30	$503.61	$518.92	$436.74	$383.17	$452.82	$365.70	$405.32	$445.87	$387.88	$417.53	$366.46	$420.39	$442.61
OCF/Share	$276.03	$345.71	$330.86	$334.64	$333.47	$378.28	$548.74	$544.25	$509.70	$526.14	$444.11	$392.36	$461.50	$374.81	$414.12	$454.51	$397.24	$426.06	$374.65	$428.01	$450.64
Cash/Share	$712.98	$723.13	$685.34	$703.90	$734.37	$741.42	$740.27	$731.79	$727.69	$729.54	$937.71	$933.83	$952.20	$961.37	$786.68	$826.52	$837.66	$843.61	$653.82	$668.33	$621.97
EBITDA/Share	$386.74	$421.74	$442.45	$523.63	$590.60	$624.49	$677.52	$629.75	$594.96	$596.62	$584.77	$593.17	$623.69	$629.75	$651.24	$663.13	$644.85	$619.28	$604.08	$553.00	$553.00
Debt/Share	$408.05	$413.86	$423.65	$435.13	$453.96	$458.32	$295.68	$292.29	$290.65	$291.39	$300.71	$299.47	$305.36	$308.30	$307.47	$323.04	$327.39	$329.72	$399.81	$408.68	$408.68
Net Debt/Share	$-304.93	$-309.27	$-261.69	$-268.78	$-280.41	$-283.10	$-444.59	$-439.50	$-437.03	$-438.14	$-637.00	$-634.37	$-646.84	$-653.07	$-479.21	$-503.48	$-510.26	$-513.89	$-254.01	$-259.65	$-259.65

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	12.859
Altman Z-Prime	snapshot only																				24.243
Piotroski F-Score	6	9	8	7	7	7	8	7	7	7	5	5	5	5	6	5	5	5	4	4	4
Beneish M-Score	-2.38	-2.55	-2.54	-2.39	-2.19	-2.20	-2.45	-2.47	-2.45	-2.54	-1.90	-1.80	-1.93	-1.72	-2.17	-2.22	-2.17	-2.29	-0.74	-0.97	-0.969
Ohlson O-Score	snapshot only																				-10.669
ROIC (Greenblatt)	snapshot only																				53.23%
Net-Net WC	snapshot only																				$587.81
EVA	snapshot only																				$861183768.59

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				AAA
Credit Score	93.61	95.14	95.17	94.77	95.02	95.33	96.14	97.19	97.10	96.33	96.22	96.52	96.47	96.72	96.50	96.72	96.44	96.11	95.79	96.65	96.654
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				-0.067
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				94
Sector Credit Rank	snapshot only																				93

NVR NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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