$5,806.02

+78.25 (+1.37%)

After Hours: $5724.64 (-81.39, -1.40%)

Weekly Expected Move ±4.1%

$5487 $5734 $5982 $6230 $6477

NYSE · Consumer Cyclical · Residential Construction · Tech Score Sell · Power 45 · $15.4B mcap · 3M float · 1.43% daily turnover · Short 65% of daily vol

Credit Risk of going bust: lower than 89% of companies Debt: 6.5% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $21.78 (down 99.6%), NVR, Inc. would be worth roughly what it owes.
Total debt $1.07B against a stock market value of $15.35B.
Distance to default 13.02 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $453.8M (short-term plus half of long-term), stock volatility 28.1%; Altman Z'' 16.76. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$10.3B -2.1% ▼

5Y CAGR: +6.5%

Gross Profit

$2.4B -12.0% ▼

5Y CAGR: +8.1%

Operating Income

$1.7B -15.9% ▼

5Y CAGR: +11.3%

Net Income

$1.3B -20.3% ▼

5Y CAGR: +8.3%

EPS (Diluted)

$436.55 -13.8% ▼

5Y CAGR: +13.7%

EBITDA

$1.8B -17.2% ▼

5Y CAGR: +9.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$9.0B	$10.5B	$9.5B	$10.5B	$10.3B
YoY Growth	+18.7%	+17.6%	-9.5%	+10.6%	-2.1%
Cost of Revenue	$6.8B	$7.7B	$7.1B	$7.9B	$8.0B
Gross Profit	$2.2B	$2.9B	$2.5B	$2.7B	$2.4B
Gross Margin	24.5%	27.3%	26.0%	25.5%	23.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$563M	$625M	$680M	$699M	$699M
Operating Expenses	$726M	$707M	$661M	$705M	$699M
Operating Income	$1.5B	$2.2B	$1.8B	$2.0B	$1.7B
Operating Margin	16.4%	20.6%	19.1%	18.9%	16.2%
Interest Expense	$53M	$40M	$28M	$28M	$29M
Income Before Tax	$1.6B	$2.3B	$1.9B	$2.1B	$1.8B
Tax Expense	$354M	$528M	$337M	$434M	$422M
Net Income	$1.2B	$1.7B	$1.6B	$1.7B	$1.3B
Net Margin	13.8%	16.4%	16.7%	16.0%	13.0%
EPS (Diluted)	$320.48	$491.82	$463.31	$506.69	$436.55
EBITDA	$1.7B	$2.3B	$2.0B	$2.2B	$1.8B
Shares Outstanding	4M	4M	3M	3M	3M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$2.9B	$2.4B	$2.6B	$2.5B	$2.7B	$1.9B	$2.3B	$2.4B
Cost of Revenue	$2.1B	$1.8B	$2.0B	$1.9B	$2.1B	$1.5B	$1.8B	$1.9B
Gross Profit	$726M	$515M	$603M	$588M	$616M	$407M	$485M	$482M
Gross Margin	25.4%	21.9%	23.2%	23.5%	22.7%	21.6%	20.9%	20.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$181M	$190M	$176M	$165M	$169M	$180M	$177M	$158M
Operating Expenses	$192M	$138M	$176M	$165M	$169M	$180M	$177M	$158M
Operating Income	$533M	$377M	$428M	$423M	$447M	$226M	$308M	$324M
Operating Margin	18.7%	16.0%	16.4%	16.9%	16.5%	12.0%	13.3%	13.5%
Interest Expense	$7M	$7M	$7M	$7M	$7M	$7M	-$21M	$7M
Income Before Tax	$573M	$402M	$447M	$444M	$469M	$252M	$319M	$335M
Tax Expense	$115M	$102M	$113M	$101M	$105M	$53M	$82M	$86M
Net Income	$457M	$300M	$334M	$343M	$364M	$198M	$236M	$249M
Net Margin	16.0%	12.7%	12.8%	13.7%	13.4%	10.5%	10.2%	10.3%
EPS (Diluted)	$139.93	$94.83	$108.37	$112.13	$121.54	$67.76	$83.62	$89.45
EBITDA	$585M	$415M	$460M	$457M	$483M	$266M	$315M	$342M
Shares Outstanding	3M	3M	3M	3M	3M	3M	3M	3M

NVR NYSE