NVR (NVR) Financials

$7,206.25 -107.27 (-1.47%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for NVR

This table shows NVR's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,682	1,592	1,726	1,237	901	879	797	538	425	383
Consolidated Net Income / (Loss)	1,682	1,592	1,726	1,237	901	879	797	538	425	383
Net Income / (Loss) Continuing Operations	1,682	1,592	1,726	1,237	901	879	797	538	425	383
Total Pre-Tax Income	2,116	1,928	2,253	1,590	1,078	1,026	960	847	662	603
Total Operating Income	1,975	1,939	2,239	1,635	1,090	1,011	959	863	679	616
Total Gross Profit	2,674	2,467	2,864	2,188	1,600	1,539	1,472	1,323	1,122	1,040
Total Revenue	10,524	9,518	10,526	8,951	7,537	7,389	7,164	6,314	5,830	5,159
Operating Revenue	10,524	9,518	10,526	8,951	7,537	7,389	7,164	6,306	5,823	5,159
Total Cost of Revenue	7,851	7,051	7,662	6,763	5,937	5,850	5,692	4,990	4,708	4,119
Operating Cost of Revenue	7,851	7,051	7,662	6,763	5,937	5,850	5,692	4,990	4,708	4,119
Total Operating Expenses	699	528	625	553	510	527	513	461	443	424
Selling, General & Admin Expense	699	680	625	563	510	527	513	461	443	424
Total Other Income / (Expense), net	141	-11	14	-44	-12	14	0.90	-16	-17	-13
Interest Expense	28	28	40	53	41	25	25	24	22	24
Interest & Investment Income	19	17	12	8.73	8.93	12	12	-	-	6.49
Other Income / (Expense), net	149	-	42	-	20	28	14	8.58	4.47	4.07
Income Tax Expense	434	337	528	354	177	147	163	309	236	220
Basic Earnings per Share	$540.88	$491.52	$525.20	$345.37	$244.11	$241.31	$219.58	$144.00	$110.53	$95.21
Weighted Average Basic Shares Outstanding	3.11M	3.24M	3.29M	3.58M	3.69M	3.64M	3.63M	3.73M	3.85M	4.02M
Diluted Earnings per Share	$506.69	$463.31	$491.82	$320.48	$230.11	$221.13	$194.80	$126.77	$103.61	$89.99
Weighted Average Diluted Shares Outstanding	3.32M	3.44M	3.51M	3.86M	3.92M	3.97M	4.09M	4.24M	4.10M	4.26M
Weighted Average Basic & Diluted Shares Outstanding	2.99M	6.37M	6.50M	3.86M	3.92M	3.97M	3.60M	3.70M	3.80M	4M

This table shows NVR's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	300	457	429	401	394	410	433	404	344	455	411
Consolidated Net Income / (Loss)	300	457	429	401	394	410	433	404	344	455	411
Net Income / (Loss) Continuing Operations	300	457	429	401	394	410	433	404	344	455	411
Total Pre-Tax Income	402	573	539	534	471	484	539	471	434	575	539
Total Operating Income	406	522	506	498	448	588	500	439	413	577	528
Total Gross Profit	568	720	682	665	607	620	667	610	570	718	684
Total Revenue	2,403	2,846	2,733	2,612	2,333	2,433	2,569	2,338	2,178	2,712	2,777
Operating Revenue	2,403	2,846	2,733	2,612	2,333	2,433	2,569	2,338	2,178	2,712	2,777
Total Cost of Revenue	1,835	2,126	2,051	1,948	1,726	1,813	1,902	1,728	1,608	1,994	2,092
Operating Cost of Revenue	1,835	2,126	2,051	1,948	1,726	1,813	1,902	1,728	1,608	1,994	2,092
Total Operating Expenses	162	181	176	167	176	23	167	171	166	166	154
Selling, General & Admin Expense	190	181	176	167	176	176	167	171	166	163	154
Other Operating Expenses / (Income)	-28	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-3.65	33	33	35	39	-112	39	32	30	22	7.74
Interest Expense	7.45	7.01	7.05	6.90	6.83	6.79	6.90	6.80	7.26	6.90	7.20
Interest & Investment Income	3.81	5.60	4.73	4.67	4.09	4.78	5.07	3.82	3.02	3.57	3.44
Income Tax Expense	102	115	109	133	76	74	106	67	89	120	127
Basic Earnings per Share	$100.41	$149.26	$139.65	$128.21	$123.76	$128.45	$132.92	$123.84	$106.31	$141.52	$125.97
Weighted Average Basic Shares Outstanding	2.98M	3.11M	3.07M	3.13M	3.19M	3.24M	3.26M	3.26M	3.24M	3.29M	3.27M
Diluted Earnings per Share	$94.83	$139.09	$130.50	$120.69	$116.41	$121.62	$125.26	$116.54	$99.89	$133.10	$118.51
Weighted Average Diluted Shares Outstanding	3.16M	3.32M	3.29M	3.32M	3.39M	3.44M	3.46M	3.47M	3.45M	3.51M	3.47M
Weighted Average Basic & Diluted Shares Outstanding	2.92M	2.99M	3.06M	3.08M	3.13M	6.37M	3.18M	3.26M	3.25M	6.50M	3.20M

This table details how cash moves in and out of NVR's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-551	641	-62	-173	1,649	429	43	274	-35	-120
Net Cash From Operating Activities	1,374	1,498	1,870	1,242	925	867	723	570	393	227
Net Cash From Continuing Operating Activities	1,374	1,498	1,870	1,242	925	867	723	570	393	227
Net Income / (Loss) Continuing Operations	1,682	1,592	1,726	1,237	901	879	797	538	425	383
Consolidated Net Income / (Loss)	1,682	1,592	1,726	1,237	901	879	797	538	425	383
Depreciation Expense	18	17	17	19	22	21	20	23	22	22
Non-Cash Adjustments To Reconcile Net Income	-23	145	124	186	124	44	-13	56	14	-61
Changes in Operating Assets and Liabilities, net	-303	-255	3.04	-200	-122	-77	-81	-46	-68	-117
Net Cash From Investing Activities	-27	-24	-27	-18	-3.93	-13	-8.18	-15	-10	-1.02
Net Cash From Continuing Investing Activities	-27	-24	-27	-18	-3.93	-13	-8.18	-15	-10	-1.02
Purchase of Property, Plant & Equipment	-29	-25	-18	-18	-16	-23	-20	-20	-22	-18
Acquisitions	-3.10	-1.78	-9.74	-1.28	-0.44	-0.70	-0.28	-3.80	-0.65	-1.92
Sale of Property, Plant & Equipment	3.04	2.37	0.73	0.98	1.00	1.87	1.26	0.85	1.00	0.68
Sale and/or Maturity of Investments	2.72	0.18	0.00	0.00	12	8.25	11	8.03	12	18
Net Cash From Financing Activities	-1,899	-833	-1,905	-1,397	728	-425	-672	-282	-417	-346
Net Cash From Continuing Financing Activities	-1,899	-833	-1,905	-1,397	728	-425	-672	-282	-417	-346
Repayment of Debt	0.00	0.00	-600	0.00	-5.06	0.00	0.00	-	-	-0.06
Repurchase of Common Equity	-2,058	-1,082	-1,500	-1,538	-371	-698	-846	-422	-455	-431
Other Financing Activities, net	159	249	195	141	180	274	174	141	38	86
Cash Interest Paid	29	29	48	54	37	24	24	23	21	25
Cash Income Taxes Paid	410	407	530	389	163	154	181	260	219	195

This table details how cash moves in and out of NVR's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-377	96	40	-396	-291	245	212	-101	284	753	257
Net Cash From Operating Activities	208	637	358	233	146	496	658	29	316	817	606
Net Cash From Continuing Operating Activities	208	637	358	233	146	496	658	29	316	817	606
Net Income / (Loss) Continuing Operations	300	457	429	401	394	410	433	404	344	455	411
Consolidated Net Income / (Loss)	300	457	429	401	394	410	433	404	344	455	411
Depreciation Expense	5.78	4.95	4.69	4.36	4.38	4.33	4.18	4.22	4.19	4.16	4.25
Non-Cash Adjustments To Reconcile Net Income	-33	91	25	-48	-91	98	166	-104	-16	42	85
Changes in Operating Assets and Liabilities, net	-65	83	-101	-124	-161	-17	55	-276	-17	316	105
Net Cash From Investing Activities	-15	-6.76	-8.65	-4.41	-6.73	-6.75	-6.90	-7.54	-2.92	-6.79	-3.01
Net Cash From Continuing Investing Activities	-15	-6.76	-8.65	-4.41	-6.73	-6.75	-6.90	-7.54	-2.92	-6.79	-3.01
Purchase of Property, Plant & Equipment	-7.06	-5.59	-8.21	-6.43	-8.98	-6.35	-7.08	-8.73	-2.71	-6.46	-3.22
Acquisitions	-8.17	-1.46	-0.74	-0.90	0.00	-0.55	-	-0.66	-0.57	-0.51	-
Sale of Property, Plant & Equipment	0.21	0.30	0.30	0.20	2.25	0.15	0.18	1.86	0.18	0.18	0.21
Net Cash From Financing Activities	-570	-534	-310	-624	-430	-244	-439	-122	-29	-57	-345
Net Cash From Continuing Financing Activities	-570	-534	-310	-624	-430	-244	-439	-122	-29	-57	-345
Repurchase of Common Equity	-583	-564	-357	-639	-497	-286	-484	-201	-110	-116	-368
Other Financing Activities, net	14	30	48	15	67	43	45	79	82	59	23
Cash Interest Paid	0.65	14	0.67	14	0.42	14	0.50	14	0.86	14	0.85
Cash Income Taxes Paid	3.86	103	143	157	6.89	95	50	257	5.42	126	112

This table presents NVR's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	6,381	6,602	5,661	5,834	5,777	3,810	3,166	2,637	2,292	2,029
Total Current Assets	2,726	3,268	4,332	4,603	4,537	2,526	732	1,955	1,526	1,468
Cash & Equivalents	2,611	3,163	2,523	2,573	2,778	1,140	712	667	395	424
Restricted Cash	54	53	-	63	31	20	20	22	19	25
Accounts Receivable	33	29	21	19	18	18	-	20	19	11
Inventories, net	29	24	1,788	1,947	1,709	1,347	-	1,246	1,092	1,007
Plant, Property, & Equipment, net	103	70	62	61	62	58	49	50	51	1.75
Total Noncurrent Assets	3,552	3,263	3,029	1,171	1,178	1,226	543	633	715	511
Goodwill	49	49	49	49	49	49	-	-	-	3.98
Noncurrent Deferred & Refundable Income Taxes	142	148	144	133	133	116	-	112	171	0.00
Other Noncurrent Operating Assets	3,361	3,066	2,836	989	996	569	543	521	545	507
Total Liabilities & Shareholders' Equity	6,381	6,602	5,661	5,834	5,777	3,810	3,166	2,989	2,644	2,512
Total Liabilities	2,171	2,237	2,154	2,832	2,674	1,469	1,357	1,384	1,340	1,273
Total Current Liabilities	828	888	833	1,241	1,084	653	0.00	787	743	676
Accounts Payable	386	475	395	388	403	307	-	295	284	260
Accrued Expenses	441	413	437	436	441	346	-	342	337	305
Total Noncurrent Liabilities	1,343	1,349	1,321	1,591	1,590	816	0.00	597	596	597
Long-Term Debt	911	913	915	1,516	1,517	598	-	597	596	596
Other Noncurrent Operating Liabilities	432	436	93	75	73	217	-	-	-	1.09
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,210	4,365	3,507	3,002	3,103	2,341	1,809	1,605	1,304	1,239
Total Preferred & Common Equity	4,210	4,365	3,507	3,002	3,103	2,341	1,809	1,605	1,304	1,239
Total Common Equity	4,210	4,365	3,507	3,002	3,103	2,341	1,809	1,605	1,304	1,239
Common Stock	3,032	2,849	2,600	2,378	2,215	2,056	1,820	1,644	1,516	1,448
Retained Earnings	15,047	13,365	11,773	10,048	8,811	7,910	7,031	6,232	5,695	5,270
Treasury Stock	-13,869	-11,849	-10,867	-9,424	-7,923	-7,624	-7,043	-6,271	-5,907	-5,479
Other Equity Adjustments	0.00	0.00	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table presents NVR's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	6,196	6,381	6,488	6,407	6,538	6,602	6,372	6,267	6,076	5,661	5,390
Total Current Assets	4,435	2,726	2,547	2,591	5,078	3,268	4,947	2,807	4,747	4,332	4,020
Cash & Equivalents	2,211	2,611	2,511	2,470	2,869	3,163	2,909	2,693	2,801	2,523	1,767
Restricted Cash	77	54	-	59	56	53	-	65	58	-	54
Accounts Receivable	37	33	36	35	36	29	34	27	23	21	28
Inventories, net	2,110	29	-	26	2,117	24	2,004	22	1,866	1,788	2,170
Plant, Property, & Equipment, net	105	103	93	86	71	70	65	62	60	62	59
Plant, Property & Equipment, gross	105	-	-	-	-	-	-	-	60	-	-
Total Noncurrent Assets	1,655	3,552	3,785	3,731	1,389	3,263	3,323	3,397	1,269	3,029	1,310
Goodwill	49	49	49	49	49	49	49	49	49	49	49
Other Noncurrent Operating Assets	1,606	3,361	3,736	3,682	1,341	3,066	3,274	3,348	1,220	2,836	1,261
Total Liabilities & Shareholders' Equity	6,196	6,381	6,488	6,407	6,538	6,602	6,372	6,267	6,076	5,661	5,390
Total Liabilities	2,241	2,171	2,217	2,273	2,194	2,237	2,200	2,114	2,231	2,154	2,305
Total Current Liabilities	1,215	828	843	891	830	888	827	728	1,217	833	923
Accounts Payable	444	386	437	485	449	475	441	436	422	395	496
Accrued Expenses	455	441	406	405	381	413	386	292	459	437	427
Other Current Liabilities	316	-	-	-	-	-	-	-	335	-	-
Total Noncurrent Liabilities	1,026	1,343	1,373	1,383	1,364	1,349	1,373	1,386	1,014	1,321	1,382
Long-Term Debt	911	911	912	912	913	913	913	914	914	915	915
Other Noncurrent Operating Liabilities	115	432	462	471	451	436	459	472	99	93	466
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,955	4,210	4,271	4,134	4,344	4,365	4,173	4,153	3,845	3,507	3,085
Total Preferred & Common Equity	3,955	4,210	4,271	4,134	4,344	4,365	4,173	4,153	3,845	3,507	3,085
Total Common Equity	3,955	4,210	4,271	4,134	4,344	4,365	4,173	4,153	3,845	3,507	3,085
Common Stock	3,057	3,032	2,990	2,935	2,906	2,849	2,801	2,748	2,677	2,600	2,539
Retained Earnings	15,347	15,047	14,590	14,160	13,759	13,365	12,955	12,522	12,118	11,773	11,319
Treasury Stock	-14,449	-13,869	-13,308	-12,962	-12,321	-11,849	-11,584	-11,116	-10,949	-10,867	-10,773
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.00

This table displays calculated financial ratios and metrics derived from NVR's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.57%	-9.58%	17.60%	18.76%	2.01%	3.14%	13.46%	8.29%	13.01%	16.07%
EBITDA Growth	9.52%	-14.88%	38.93%	46.14%	6.80%	6.69%	11.15%	26.65%	9.95%	31.16%
EBIT Growth	9.53%	-14.97%	39.52%	47.28%	6.83%	6.76%	11.72%	27.46%	10.18%	31.49%
NOPAT Growth	-1.91%	-6.64%	34.88%	39.53%	5.18%	8.76%	45.49%	25.46%	11.54%	34.58%
Net Income Growth	5.67%	-7.76%	39.53%	37.22%	2.58%	10.20%	48.31%	26.40%	11.06%	35.97%
EPS Growth	9.36%	-5.80%	53.46%	39.27%	4.06%	13.52%	53.66%	22.35%	15.14%	41.72%
Operating Cash Flow Growth	-8.25%	-19.90%	50.52%	34.27%	6.78%	19.83%	26.79%	45.13%	73.35%	22.84%
Free Cash Flow Firm Growth	-63.24%	5,132.61%	-105.30%	210.14%	126.45%	-87.49%	162.80%	233.07%	-65.90%	24.24%
Invested Capital Growth	19.12%	-43.65%	94.49%	3.92%	40.72%	117.53%	-49.07%	2.42%	32.82%	-7.23%
Revenue Q/Q Growth	4.08%	-2.85%	4.80%	-1.25%	4.93%	-0.06%	2.47%	0.99%	3.66%	4.60%
EBITDA Q/Q Growth	2.14%	4.29%	8.28%	3.80%	10.82%	0.04%	2.62%	3.80%	4.38%	9.46%
EBIT Q/Q Growth	2.12%	4.32%	8.38%	3.88%	11.09%	0.00%	2.72%	3.92%	4.48%	9.75%
NOPAT Q/Q Growth	1.23%	6.24%	6.84%	3.65%	5.69%	0.85%	16.78%	-5.13%	5.37%	9.42%
Net Income Q/Q Growth	2.90%	-2.73%	7.49%	2.45%	5.73%	2.81%	15.59%	-4.66%	4.14%	9.92%
EPS Q/Q Growth	3.57%	-2.42%	10.00%	3.50%	6.11%	2.87%	17.98%	-6.57%	5.71%	11.50%
Operating Cash Flow Q/Q Growth	11.46%	-17.67%	42.43%	-6.46%	-1.19%	16.98%	-0.47%	-8.92%	25.33%	-6.32%
Free Cash Flow Firm Q/Q Growth	-61.85%	804.73%	-105.25%	-8.84%	-70.86%	207.78%	39.71%	135.81%	-92.06%	0.50%
Invested Capital Q/Q Growth	-5.83%	-50.18%	67.96%	5.38%	-3.47%	-45.06%	-55.34%	-28.33%	377.75%	-25.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.41%	25.92%	27.21%	24.44%	21.22%	20.83%	20.54%	20.96%	19.25%	20.16%
EBITDA Margin	20.36%	20.55%	21.83%	18.48%	15.02%	14.34%	13.87%	14.16%	12.10%	12.44%
Operating Margin	18.76%	20.38%	21.27%	18.26%	14.46%	13.69%	13.38%	13.66%	11.65%	11.94%
EBIT Margin	20.18%	20.38%	21.67%	18.26%	14.73%	14.06%	13.59%	13.80%	11.72%	12.02%
Profit (Net Income) Margin	15.98%	16.72%	16.39%	13.82%	11.96%	11.89%	11.13%	8.51%	7.29%	7.42%
Tax Burden Percent	79.50%	82.54%	76.58%	77.76%	83.60%	85.64%	83.06%	63.47%	64.27%	63.48%
Interest Burden Percent	99.59%	99.43%	98.79%	97.28%	97.12%	98.73%	98.61%	97.22%	96.82%	97.25%
Effective Tax Rate	20.50%	17.46%	23.42%	22.24%	16.40%	14.36%	16.94%	36.53%	35.73%	36.52%
Return on Invested Capital (ROIC)	69.49%	55.95%	61.88%	68.85%	58.82%	92.22%	90.86%	47.69%	43.90%	44.09%
ROIC Less NNEP Spread (ROIC-NNEP)	63.98%	56.80%	59.61%	71.71%	59.66%	91.14%	90.77%	50.92%	47.88%	46.90%
Return on Net Nonoperating Assets (RNNOA)	-30.26%	-15.51%	-8.86%	-28.34%	-25.71%	-49.88%	-44.16%	-10.75%	-10.46%	-11.69%
Return on Equity (ROE)	39.23%	40.44%	53.02%	40.51%	33.11%	42.34%	46.70%	36.94%	33.44%	32.40%
Cash Return on Invested Capital (CROIC)	52.04%	111.79%	-2.29%	65.01%	24.99%	18.20%	155.88%	45.30%	15.71%	51.60%
Operating Return on Assets (OROA)	32.72%	31.63%	39.68%	28.16%	23.16%	29.79%	33.54%	35.35%	31.63%	29.75%
Return on Assets (ROA)	25.91%	25.96%	30.02%	21.30%	18.80%	25.19%	27.48%	21.81%	19.69%	18.36%
Return on Common Equity (ROCE)	39.23%	40.44%	53.02%	40.51%	33.11%	42.34%	46.70%	36.94%	33.44%	32.40%
Return on Equity Simple (ROE_SIMPLE)	39.95%	36.47%	49.21%	41.19%	29.04%	37.52%	44.08%	33.48%	32.60%	30.90%
Net Operating Profit after Tax (NOPAT)	1,570	1,601	1,715	1,271	911	866	796	547	436	391
NOPAT Margin	14.92%	16.82%	16.29%	14.20%	12.09%	11.72%	11.12%	8.67%	7.48%	7.58%
Net Nonoperating Expense Percent (NNEP)	5.52%	-0.85%	2.27%	-2.86%	-0.84%	1.09%	0.09%	-3.22%	-3.99%	-2.80%
Return On Investment Capital (ROIC_SIMPLE)	30.66%	30.33%	38.78%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	74.59%	74.08%	72.79%	75.56%	78.78%	79.17%	79.46%	79.04%	80.75%	79.84%
SG&A Expenses to Revenue	6.64%	7.14%	5.94%	6.29%	6.76%	7.14%	7.16%	7.30%	7.60%	8.22%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.64%	5.54%	5.94%	6.18%	6.76%	7.14%	7.16%	7.30%	7.60%	8.22%
Earnings before Interest and Taxes (EBIT)	2,124	1,939	2,281	1,635	1,110	1,039	973	871	683	620
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,143	1,956	2,298	1,654	1,132	1,060	993	894	706	642
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.95	5.10	4.20	6.85	4.89	6.01	4.87	8.17	4.85	5.19
Price to Tangible Book Value (P/TBV)	6.02	5.16	4.26	6.97	4.97	6.14	4.87	8.17	4.85	5.20
Price to Revenue (P/Rev)	2.38	2.34	1.40	2.30	2.01	1.90	1.23	2.08	1.09	1.25
Price to Earnings (P/E)	14.90	13.98	8.54	16.64	16.84	16.02	11.05	24.41	14.88	16.79
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.71%	7.15%	11.71%	6.01%	5.94%	6.24%	9.05%	4.10%	6.72%	5.96%
Enterprise Value to Invested Capital (EV/IC)	9.49	9.67	3.59	10.34	7.67	10.50	13.65	11.22	5.74	7.70
Enterprise Value to Revenue (EV/Rev)	2.21	2.10	1.25	2.17	1.84	1.83	1.13	2.06	1.12	1.27
Enterprise Value to EBITDA (EV/EBITDA)	10.88	10.20	5.71	11.76	12.27	12.75	8.13	14.58	9.22	10.24
Enterprise Value to EBIT (EV/EBIT)	10.97	10.29	5.76	11.90	12.51	13.00	8.30	14.96	9.52	10.60
Enterprise Value to NOPAT (EV/NOPAT)	14.84	12.46	7.66	15.31	15.24	15.60	10.14	23.80	14.91	16.81
Enterprise Value to Operating Cash Flow (EV/OCF)	16.96	13.32	7.02	15.66	15.01	15.59	11.17	22.84	16.56	29.00
Enterprise Value to Free Cash Flow (EV/FCFF)	19.82	6.24	0.00	16.21	35.88	79.05	5.91	25.06	41.69	14.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.21	0.26	0.51	0.49	0.26	0.00	0.37	0.46	0.48
Long-Term Debt to Equity	0.22	0.21	0.26	0.51	0.49	0.26	0.00	0.37	0.46	0.48
Financial Leverage	-0.47	-0.27	-0.15	-0.40	-0.43	-0.55	-0.49	-0.21	-0.22	-0.25
Leverage Ratio	1.51	1.56	1.77	1.90	1.76	1.68	1.70	1.69	1.70	1.76
Compound Leverage Factor	1.51	1.55	1.74	1.85	1.71	1.66	1.68	1.65	1.64	1.72
Debt to Total Capital	17.79%	17.30%	20.69%	33.56%	32.84%	20.35%	0.00%	27.11%	31.38%	32.47%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.79%	17.30%	20.69%	33.56%	32.84%	20.35%	0.00%	27.11%	31.38%	32.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.21%	82.70%	79.31%	66.44%	67.16%	79.65%	100.00%	72.89%	68.62%	67.53%
Debt to EBITDA	0.43	0.47	0.40	0.92	1.34	0.56	0.00	0.67	0.85	0.93
Net Debt to EBITDA	-0.82	-1.18	-0.70	-0.68	-1.14	-0.53	0.00	-0.10	0.26	0.23
Long-Term Debt to EBITDA	0.43	0.47	0.40	0.92	1.34	0.56	0.00	0.67	0.85	0.93
Debt to NOPAT	0.58	0.57	0.53	1.19	1.67	0.69	0.00	1.09	1.37	1.52
Net Debt to NOPAT	-1.12	-1.44	-0.94	-0.88	-1.42	-0.65	0.00	-0.17	0.42	0.37
Long-Term Debt to NOPAT	0.58	0.57	0.53	1.19	1.67	0.69	0.00	1.09	1.37	1.52
Altman Z-Score	13.33	11.65	10.95	9.92	8.20	12.09	10.56	13.01	10.25	10.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.29	3.68	5.20	3.71	4.19	3.87	0.00	2.48	2.05	2.17
Quick Ratio	3.19	3.59	3.05	2.09	2.58	1.77	0.00	0.87	0.56	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,176	3,198	-64	1,200	387	171	1,366	520	156	458
Operating Cash Flow to CapEx	5,252.45%	6,656.56%	10,567.93%	7,352.74%	6,118.29%	4,160.23%	3,928.32%	2,936.64%	1,839.06%	1,288.52%
Free Cash Flow to Firm to Interest Expense	42.32	115.30	-1.61	22.60	9.47	6.73	54.48	21.50	7.19	19.43
Operating Cash Flow to Interest Expense	49.47	54.00	47.32	23.39	22.64	34.14	28.83	23.58	18.10	9.62
Operating Cash Flow Less CapEx to Interest Expense	48.53	53.19	46.87	23.07	22.27	33.32	28.10	22.78	17.12	8.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.62	1.55	1.83	1.54	1.57	2.12	2.47	2.56	2.70	2.47
Accounts Receivable Turnover	341.58	381.94	534.42	485.80	412.11	0.00	0.00	324.09	383.32	479.84
Inventory Turnover	297.39	7.78	4.10	3.70	3.89	0.00	0.00	4.27	4.49	4.39
Fixed Asset Turnover	121.63	144.68	172.36	145.58	125.18	138.32	145.81	125.85	221.82	1,932.57
Accounts Payable Turnover	18.23	16.20	19.56	17.11	16.74	0.00	0.00	17.26	17.33	16.81
Days Sales Outstanding (DSO)	1.07	0.96	0.68	0.75	0.89	0.00	0.00	1.13	0.95	0.76
Days Inventory Outstanding (DIO)	1.23	46.90	88.98	98.67	93.94	0.00	0.00	85.51	81.35	83.12
Days Payable Outstanding (DPO)	20.03	22.53	18.66	21.33	21.81	0.00	0.00	21.15	21.06	21.72
Cash Conversion Cycle (CCC)	-17.73	25.32	71.00	78.09	73.02	0.00	0.00	65.49	61.24	62.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,457	2,062	3,660	1,882	1,811	1,287	592	1,162	1,134	854
Invested Capital Turnover	4.66	3.33	3.80	4.85	4.87	7.87	8.17	5.50	5.87	5.82
Increase / (Decrease) in Invested Capital	394	-1,598	1,778	71	524	695	-570	27	280	-67
Enterprise Value (EV)	23,306	19,952	13,133	19,459	13,887	13,509	8,078	13,029	6,508	6,575
Market Capitalization	25,059	22,255	14,741	20,579	15,179	14,072	8,810	13,120	6,326	6,429
Book Value per Share	$1,374.10	$1,372.97	$1,097.33	$862.07	$834.06	$633.64	$500.30	$429.29	$344.14	$316.70
Tangible Book Value per Share	$1,358.13	$1,357.58	$1,082.02	$848.02	$820.91	$620.40	$500.30	$429.29	$344.14	$315.68
Total Capital	5,121	5,278	4,422	4,519	4,620	2,940	1,809	2,203	1,901	1,835
Total Debt	911	913	915	1,516	1,517	598	0.00	597	596	596
Total Long-Term Debt	911	913	915	1,516	1,517	598	0.00	597	596	596
Net Debt	-1,754	-2,302	-1,608	-1,120	-1,292	-562	-732	-91	182	146
Capital Expenditures (CapEx)	26	23	18	17	15	21	18	19	21	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-766	-835	976	725	643	713	0.00	480	368	342
Debt-free Net Working Capital (DFNWC)	1,899	2,380	3,499	3,361	3,453	1,873	732	1,168	783	792
Net Working Capital (NWC)	1,899	2,380	3,499	3,361	3,453	1,873	732	1,168	783	792
Net Nonoperating Expense (NNE)	-112	9.12	-11	35	9.83	-12	-0.75	9.90	11	8.26
Net Nonoperating Obligations (NNO)	-1,754	-2,302	153	-1,120	-1,292	-1,054	-1,217	-444	-170	-385
Total Depreciation and Amortization (D&A)	18	17	17	19	22	21	20	23	22	22
Debt-free, Cash-free Net Working Capital to Revenue	-7.28%	-8.78%	9.28%	8.10%	8.54%	9.64%	0.00%	7.59%	6.31%	6.64%
Debt-free Net Working Capital to Revenue	18.04%	25.01%	33.24%	37.55%	45.81%	25.35%	10.22%	18.50%	13.43%	15.36%
Net Working Capital to Revenue	18.04%	25.01%	33.24%	37.55%	45.81%	25.35%	10.22%	18.50%	13.43%	15.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$540.88	$491.52	$525.20	$345.37	$244.11	$241.31	$219.58	$144.00	$110.53	$95.21
Adjusted Weighted Average Basic Shares Outstanding	3.11M	3.24M	3.29M	3.58M	3.69M	3.64M	3.63M	3.73M	3.85M	4.02M
Adjusted Diluted Earnings per Share	$506.69	$463.31	$491.82	$320.48	$230.11	$221.13	$194.80	$126.77	$103.61	$89.99
Adjusted Weighted Average Diluted Shares Outstanding	3.32M	3.44M	3.51M	3.86M	3.92M	3.97M	4.09M	4.24M	4.10M	4.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$241.31	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.99M	6.37M	6.50M	3.86M	7.36M	3.68M	3.62M	3.68M	3.70M	3.88M
Normalized Net Operating Profit after Tax (NOPAT)	1,570	1,601	1,715	1,271	911	866	796	547	436	391
Normalized NOPAT Margin	14.92%	16.82%	16.29%	14.20%	12.09%	11.72%	11.12%	8.67%	7.48%	7.58%
Pre Tax Income Margin	20.10%	20.26%	21.41%	17.77%	14.30%	13.88%	13.40%	13.41%	11.35%	11.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	76.46	69.91	57.71	30.78	27.16	40.94	38.80	36.02	31.48	26.33
NOPAT to Interest Expense	56.51	57.70	43.38	23.93	22.29	34.13	31.76	22.63	20.10	16.60
EBIT Less CapEx to Interest Expense	75.51	69.10	57.26	30.46	26.79	40.12	38.07	35.22	30.50	25.58
NOPAT Less CapEx to Interest Expense	55.57	56.89	42.93	23.61	21.92	33.31	31.02	21.83	19.12	15.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.04%	0.08%
Augmented Payout Ratio	122.34%	67.97%	86.95%	124.36%	41.17%	79.50%	106.17%	78.54%	107.11%	112.73%

This table displays calculated financial ratios and metrics derived from NVR's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.98%	16.98%	6.38%	11.72%	7.12%	-10.31%	-7.49%	-12.06%	-8.41%	21.60%	15.91%
EBITDA Growth	-13.89%	-5.08%	0.05%	12.92%	9.73%	1.85%	0.33%	-15.56%	-22.46%	29.87%	20.86%
EBIT Growth	-14.32%	-5.22%	-0.04%	13.00%	9.78%	1.83%	0.35%	-15.63%	-22.59%	30.32%	21.18%
NOPAT Growth	-16.34%	-16.19%	0.38%	-0.50%	14.62%	9.02%	-0.39%	-10.48%	-24.59%	31.55%	18.44%
Net Income Growth	-24.02%	11.55%	-0.89%	-0.77%	14.50%	-9.83%	5.29%	-6.76%	-19.19%	35.92%	23.88%
EPS Growth	-18.54%	14.36%	4.18%	3.56%	16.54%	-8.63%	5.70%	-5.75%	-14.30%	50.60%	37.10%
Operating Cash Flow Growth	41.87%	28.51%	-45.56%	711.28%	-53.58%	-39.34%	8.65%	-79.20%	2.00%	214.18%	31.31%
Free Cash Flow Firm Growth	181.95%	-98.90%	224.07%	-59.47%	-112.56%	258.60%	-15,822.84%	2,268.00%	110.94%	-578.30%	-97.70%
Invested Capital Growth	10.52%	19.12%	-36.99%	9.00%	22.67%	-43.65%	89.97%	-1.48%	-5.64%	94.49%	22.02%
Revenue Q/Q Growth	-15.55%	4.12%	4.61%	11.96%	-4.07%	-5.31%	9.87%	7.35%	-19.69%	-2.33%	4.44%
EBITDA Q/Q Growth	-26.80%	3.01%	1.01%	9.18%	-2.97%	8.58%	14.00%	6.10%	-11.89%	6.97%	-4.06%
EBIT Q/Q Growth	-27.19%	2.99%	0.96%	9.26%	-3.01%	8.62%	14.14%	6.15%	-11.99%	7.04%	-4.04%
NOPAT Q/Q Growth	-27.57%	3.52%	7.68%	-0.31%	-4.36%	23.99%	6.74%	14.84%	-18.42%	13.29%	-4.07%
Net Income Q/Q Growth	-34.51%	6.55%	7.09%	1.68%	-3.85%	-5.33%	7.21%	17.33%	-24.28%	10.54%	-5.06%
EPS Q/Q Growth	-31.82%	6.58%	8.13%	3.68%	-4.28%	-2.91%	7.48%	16.67%	-24.95%	12.31%	-4.16%
Operating Cash Flow Q/Q Growth	-67.38%	77.82%	53.96%	58.88%	-70.45%	-24.67%	2,194.41%	-90.91%	-61.39%	34.92%	339.30%
Free Cash Flow Firm Q/Q Growth	146.63%	-98.80%	1,061.61%	400.43%	-102.81%	234.43%	-479.45%	-6.88%	132.05%	-13,426.66%	-42.85%
Invested Capital Q/Q Growth	4.92%	-5.83%	3.64%	7.93%	12.23%	-50.18%	79.27%	21.46%	-48.06%	67.96%	-7.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.62%	25.30%	24.95%	25.45%	26.02%	25.47%	25.96%	26.09%	26.18%	26.49%	24.65%
EBITDA Margin	17.12%	19.75%	19.96%	20.68%	21.20%	24.34%	21.23%	20.46%	20.70%	21.44%	19.57%
Operating Margin	16.88%	18.36%	18.51%	19.07%	19.21%	24.16%	19.47%	18.77%	18.95%	21.28%	19.01%
EBIT Margin	16.88%	19.58%	19.79%	20.51%	21.01%	24.16%	21.07%	20.28%	20.51%	21.28%	19.42%
Profit (Net Income) Margin	12.47%	16.08%	15.71%	15.35%	16.90%	16.86%	16.86%	17.28%	15.81%	16.77%	14.81%
Tax Burden Percent	74.52%	79.88%	79.71%	75.14%	83.76%	84.72%	80.31%	85.75%	79.38%	79.13%	76.39%
Interest Burden Percent	99.10%	102.79%	99.57%	99.58%	95.99%	82.35%	99.66%	99.37%	97.12%	99.56%	99.86%
Effective Tax Rate	25.48%	20.12%	20.29%	24.86%	16.24%	15.28%	19.69%	14.25%	20.62%	20.87%	23.61%
Return on Invested Capital (ROIC)	54.29%	68.32%	44.21%	59.08%	73.55%	68.10%	48.48%	69.20%	79.33%	63.98%	73.57%
ROIC Less NNEP Spread (ROIC-NNEP)	54.45%	66.34%	41.12%	57.54%	72.60%	76.28%	41.77%	66.97%	78.07%	64.39%	72.80%
Return on Net Nonoperating Assets (RNNOA)	-22.24%	-31.38%	-8.26%	-24.03%	-35.07%	-20.83%	-5.40%	-23.36%	-31.54%	-9.57%	-25.50%
Return on Equity (ROE)	32.05%	36.94%	35.95%	35.04%	38.48%	47.27%	43.08%	45.84%	47.78%	54.41%	48.07%
Cash Return on Invested Capital (CROIC)	51.58%	52.04%	91.34%	55.59%	52.96%	111.79%	-14.37%	66.37%	85.16%	-2.29%	61.11%
Operating Return on Assets (OROA)	28.09%	31.74%	31.12%	32.19%	32.23%	37.51%	35.10%	35.12%	35.88%	38.98%	34.90%
Return on Assets (ROA)	20.74%	26.06%	24.70%	24.09%	25.91%	26.17%	28.09%	29.92%	27.66%	30.71%	26.62%
Return on Common Equity (ROCE)	32.05%	36.94%	35.95%	35.04%	38.48%	47.27%	43.08%	45.84%	47.78%	54.41%	48.07%
Return on Equity Simple (ROE_SIMPLE)	40.14%	0.00%	38.27%	39.63%	37.79%	0.00%	39.22%	38.87%	42.75%	0.00%	52.04%
Net Operating Profit after Tax (NOPAT)	302	417	403	374	376	498	402	376	328	457	403
NOPAT Margin	12.58%	14.67%	14.75%	14.33%	16.09%	20.47%	15.63%	16.09%	15.04%	16.84%	14.52%
Net Nonoperating Expense Percent (NNEP)	-0.16%	1.98%	3.09%	1.53%	0.95%	-8.18%	6.72%	2.23%	1.26%	-0.41%	0.77%
Return On Investment Capital (ROIC_SIMPLE)	6.21%	8.15%	-	-	-	9.44%	-	-	-	10.33%	-
Cost of Revenue to Revenue	76.38%	74.70%	75.05%	74.55%	73.98%	74.53%	74.04%	73.91%	73.82%	73.51%	75.35%
SG&A Expenses to Revenue	7.90%	6.35%	6.44%	6.38%	7.54%	7.22%	6.49%	7.33%	7.63%	6.02%	5.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.74%	6.35%	6.44%	6.38%	7.54%	0.95%	6.49%	7.33%	7.63%	6.11%	5.53%
Earnings before Interest and Taxes (EBIT)	406	557	541	536	490	588	541	474	447	577	539
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	411	562	546	540	495	592	545	478	451	581	544
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.48	5.95	7.07	5.75	5.93	5.10	4.67	4.96	4.71	4.20	4.24
Price to Tangible Book Value (P/TBV)	5.55	6.02	7.15	5.82	5.99	5.16	4.72	5.02	4.77	4.26	4.31
Price to Revenue (P/Rev)	2.04	2.38	2.99	2.39	2.66	2.34	1.99	2.06	1.75	1.40	1.30
Price to Earnings (P/E)	13.65	14.90	18.47	14.51	15.69	13.98	11.90	12.77	11.01	8.54	8.15
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.33%	6.71%	5.41%	6.89%	6.37%	7.15%	8.41%	7.83%	9.08%	11.71%	12.27%
Enterprise Value to Invested Capital (EV/IC)	7.87	9.49	10.96	8.80	10.18	9.67	4.22	8.13	8.50	3.59	5.59
Enterprise Value to Revenue (EV/Rev)	1.91	2.21	2.83	2.23	2.45	2.10	1.78	1.88	1.57	1.25	1.21
Enterprise Value to EBITDA (EV/EBITDA)	10.30	10.88	13.63	10.56	11.66	10.20	9.31	9.86	7.99	5.71	5.74
Enterprise Value to EBIT (EV/EBIT)	10.41	10.97	13.75	10.65	11.76	10.29	9.40	9.95	8.06	5.76	5.79
Enterprise Value to NOPAT (EV/NOPAT)	13.42	14.84	18.44	14.30	15.30	12.46	11.60	12.44	10.40	7.66	7.59
Enterprise Value to Operating Cash Flow (EV/OCF)	14.13	16.96	23.19	14.45	17.86	13.32	9.60	10.63	8.61	7.02	9.28
Enterprise Value to Free Cash Flow (EV/FCFF)	16.02	19.82	9.28	16.51	21.18	6.24	0.00	12.16	9.69	0.00	10.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.22	0.21	0.22	0.21	0.21	0.22	0.22	0.24	0.26	0.30
Long-Term Debt to Equity	0.23	0.22	0.21	0.22	0.21	0.21	0.22	0.22	0.24	0.26	0.30
Financial Leverage	-0.41	-0.47	-0.20	-0.42	-0.48	-0.27	-0.13	-0.35	-0.40	-0.15	-0.35
Leverage Ratio	1.53	1.51	1.52	1.53	1.54	1.56	1.62	1.62	1.80	1.77	1.83
Compound Leverage Factor	1.52	1.56	1.52	1.52	1.48	1.28	1.62	1.61	1.74	1.76	1.83
Debt to Total Capital	18.72%	17.79%	17.59%	18.08%	17.36%	17.30%	17.96%	18.04%	19.21%	20.69%	22.88%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.72%	17.79%	17.59%	18.08%	17.36%	17.30%	17.96%	18.04%	19.21%	20.69%	22.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.28%	82.21%	82.41%	81.92%	82.64%	82.70%	82.04%	81.96%	80.79%	79.31%	77.12%
Debt to EBITDA	0.46	0.43	0.43	0.43	0.45	0.47	0.49	0.48	0.45	0.40	0.43
Net Debt to EBITDA	-0.70	-0.82	-0.76	-0.77	-0.99	-1.18	-1.06	-0.97	-0.96	-0.70	-0.43
Long-Term Debt to EBITDA	0.46	0.43	0.43	0.43	0.45	0.47	0.49	0.48	0.45	0.40	0.43
Debt to NOPAT	0.60	0.58	0.59	0.59	0.59	0.57	0.61	0.61	0.59	0.53	0.57
Net Debt to NOPAT	-0.91	-1.12	-1.03	-1.04	-1.30	-1.44	-1.32	-1.22	-1.25	-0.94	-0.56
Long-Term Debt to NOPAT	0.60	0.58	0.59	0.59	0.59	0.57	0.61	0.61	0.59	0.53	0.57
Altman Z-Score	11.82	12.52	13.47	11.51	12.50	10.97	10.75	10.90	10.30	9.96	9.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.65	3.29	3.02	2.91	6.12	3.68	5.98	3.86	3.90	5.20	4.35
Quick Ratio	1.85	3.19	3.02	2.81	3.50	3.59	3.56	3.74	2.32	3.05	1.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	57	23	1,934	167	-55	2,096	-1,559	411	441	-1,321	9.92
Operating Cash Flow to CapEx	3,033.74%	12,028.89%	4,528.66%	3,736.22%	2,175.23%	8,003.00%	9,536.05%	416.95%	12,471.23%	13,018.88%	20,096.22%
Free Cash Flow to Firm to Interest Expense	7.65	3.30	274.52	24.14	-8.12	308.61	-226.07	60.46	60.79	-191.53	1.38
Operating Cash Flow to Interest Expense	27.88	90.84	50.85	33.73	21.46	72.99	95.43	4.22	43.47	118.45	84.10
Operating Cash Flow Less CapEx to Interest Expense	26.96	90.08	49.72	32.83	20.47	72.08	94.43	3.21	43.12	117.54	83.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.66	1.62	1.57	1.57	1.53	1.55	1.67	1.73	1.75	1.83	1.80
Accounts Receivable Turnover	290.85	341.58	291.22	319.61	324.54	381.94	314.76	358.86	441.50	534.42	394.66
Inventory Turnover	3.77	297.39	0.00	304.38	3.60	7.78	3.47	6.18	3.75	4.10	3.63
Fixed Asset Turnover	120.48	121.63	127.99	133.94	148.35	144.68	157.83	162.55	171.97	172.36	169.62
Accounts Payable Turnover	17.83	18.23	17.17	16.03	16.46	16.20	15.44	16.46	17.34	19.56	16.70
Days Sales Outstanding (DSO)	1.25	1.07	1.25	1.14	1.12	0.96	1.16	1.02	0.83	0.68	0.92
Days Inventory Outstanding (DIO)	96.93	1.23	0.00	1.20	101.38	46.90	105.34	59.04	97.23	88.98	100.65
Days Payable Outstanding (DPO)	20.47	20.03	21.25	22.76	22.17	22.53	23.64	22.18	21.05	18.66	21.86
Cash Conversion Cycle (CCC)	77.71	-17.73	-20.00	-20.42	80.33	25.32	82.86	37.88	77.01	71.00	79.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,577	2,457	2,609	2,517	2,332	2,062	4,140	2,309	1,901	3,660	2,179
Invested Capital Turnover	4.32	4.66	3.00	4.12	4.57	3.33	3.10	4.30	5.27	3.80	5.07
Increase / (Decrease) in Invested Capital	245	394	-1,531	208	431	-1,598	1,961	-35	-114	1,778	393
Enterprise Value (EV)	20,287	23,306	28,597	22,153	23,738	19,952	17,471	18,776	16,162	13,133	12,182
Market Capitalization	21,664	25,059	30,197	23,770	25,750	22,255	19,466	20,620	18,106	14,741	13,088
Book Value per Share	$1,322.43	$1,374.10	$1,387.85	$1,319.74	$1,363.73	$1,372.97	$1,278.24	$1,279.13	$1,183.42	$1,097.33	$939.74
Tangible Book Value per Share	$1,306.07	$1,358.13	$1,371.96	$1,304.12	$1,348.37	$1,357.58	$1,263.25	$1,264.06	$1,168.36	$1,082.02	$924.83
Total Capital	4,865	5,121	5,183	5,046	5,257	5,278	5,086	5,067	4,760	4,422	4,000
Total Debt	911	911	912	912	913	913	913	914	914	915	915
Total Long-Term Debt	911	911	912	912	913	913	913	914	914	915	915
Net Debt	-1,377	-1,754	-1,599	-1,617	-2,012	-2,302	-1,995	-1,844	-1,944	-1,608	-906
Capital Expenditures (CapEx)	6.85	5.30	7.91	6.23	6.73	6.19	6.90	6.88	2.53	6.28	3.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	932	-766	-808	-829	1,324	-835	1,211	-679	672	976	1,276
Debt-free Net Working Capital (DFNWC)	3,220	1,899	1,703	1,700	4,248	2,380	4,120	2,079	3,531	3,499	3,097
Net Working Capital (NWC)	3,220	1,899	1,703	1,700	4,248	2,380	4,120	2,079	3,531	3,499	3,097
Net Nonoperating Expense (NNE)	2.72	-40	-26	-27	-19	88	-32	-28	-17	2.00	-8.20
Net Nonoperating Obligations (NNO)	-1,377	-1,754	-1,663	-1,617	-2,012	-2,302	-33	-1,844	-1,944	153	-906
Total Depreciation and Amortization (D&A)	5.78	4.95	4.69	4.36	4.38	4.33	4.18	4.22	4.19	4.16	4.25
Debt-free, Cash-free Net Working Capital to Revenue	8.80%	-7.28%	-7.99%	-8.34%	13.68%	-8.78%	12.36%	-6.78%	6.51%	9.28%	12.70%
Debt-free Net Working Capital to Revenue	30.39%	18.04%	16.84%	17.09%	43.92%	25.01%	42.05%	20.78%	34.19%	33.24%	30.83%
Net Working Capital to Revenue	30.39%	18.04%	16.84%	17.09%	43.92%	25.01%	42.05%	20.78%	34.19%	33.24%	30.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$100.41	$149.26	$139.65	$128.21	$123.76	$128.45	$132.92	$123.84	$106.31	$141.52	$125.97
Adjusted Weighted Average Basic Shares Outstanding	2.98M	3.11M	3.07M	3.13M	3.19M	3.24M	3.26M	3.26M	3.24M	3.29M	3.27M
Adjusted Diluted Earnings per Share	$94.83	$139.09	$130.50	$120.69	$116.41	$121.62	$125.26	$116.54	$99.89	$133.10	$118.51
Adjusted Weighted Average Diluted Shares Outstanding	3.16M	3.32M	3.29M	3.32M	3.39M	3.44M	3.46M	3.47M	3.45M	3.51M	3.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.92M	2.99M	3.06M	3.08M	3.13M	6.37M	3.18M	3.26M	3.25M	6.50M	3.20M
Normalized Net Operating Profit after Tax (NOPAT)	302	417	403	374	376	498	402	376	328	457	403
Normalized NOPAT Margin	12.58%	14.67%	14.75%	14.33%	16.09%	20.47%	15.63%	16.09%	15.04%	16.84%	14.52%
Pre Tax Income Margin	16.73%	20.12%	19.71%	20.42%	20.17%	19.90%	20.99%	20.15%	19.92%	21.19%	19.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	54.42	79.44	76.77	77.67	71.84	86.56	78.48	69.78	61.54	83.67	74.88
NOPAT to Interest Expense	40.55	59.51	57.22	54.27	55.02	73.33	58.24	55.37	45.14	66.21	55.98
EBIT Less CapEx to Interest Expense	53.50	78.68	75.65	76.77	70.85	85.64	77.48	68.77	61.20	82.76	74.46
NOPAT Less CapEx to Interest Expense	39.64	58.76	56.09	53.37	54.03	72.42	57.24	54.36	44.79	65.30	55.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	135.09%	122.34%	108.88%	116.37%	89.47%	67.97%	55.71%	49.29%	52.42%	86.95%	110.21%

Frequently Asked Questions About NVR's Financials

When does NVR's fiscal year end?

According to the most recent income statement we have on file, NVR's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NVR's net income changed over the last 9 years?

NVR's net income appears to be on an upward trend, with a most recent value of $1.68 billion in 2024, rising from $382.93 million in 2015. The previous period was $1.59 billion in 2023. View NVR's forecast to see where analysts expect NVR to go next.

What is NVR's operating income?

NVR's total operating income in 2024 was $1.97 billion, based on the following breakdown:

Total Gross Profit: $2.67 billion
Total Operating Expenses: $699.10 million

How has NVR revenue changed over the last 9 years?

Over the last 9 years, NVR's total revenue changed from $5.16 billion in 2015 to $10.52 billion in 2024, a change of 104.0%.

How much debt does NVR have?

NVR's total liabilities were at $2.17 billion at the end of 2024, a 3.0% decrease from 2023, and a 70.6% increase since 2015.

How much cash does NVR have?

In the past 9 years, NVR's cash and equivalents has ranged from $395.41 million in 2016 to $3.16 billion in 2023, and is currently $2.61 billion as of their latest financial filing in 2024.

How has NVR's book value per share changed over the last 9 years?

Over the last 9 years, NVR's book value per share changed from 316.70 in 2015 to 1,374.10 in 2024, a change of 333.9%.

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This page (NYSE:NVR) was last updated on 5/21/2025 by MarketBeat.com Staff

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NVR (NVR) Financials

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NVR (NVR) Financials

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