NVR Inc builds and sells homes — single-family houses, townhomes, and condos — across the Mid-Atlantic, Northeast, Mid-East, and Southeast U.S. A key operational distinction: NVR builds only after a home is sold, avoiding the land inventory risk typical of other homebuilders (it controls lots via options rather than outright purchases).
Customers are homebuyers. Revenue comes primarily from home sales, with smaller contributions from an in-house mortgage banking operation (originating loans for its buyers) and title services. The Mid-Atlantic region (Maryland, Virginia, D.C. metro area) generates the bulk of revenue.
Employees6,300IPOJun 17, 1986SIC1531HQ11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
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Financials
Profitability
Metric
Current
Margins
Gross Margin
22.1%
Operating Margin
14.9%
EBITDA Margin
16.1%
Net Margin
12.0%
OCF Margin
11.2%
FCF Margin
11.0%
Returns on Capital
ROE
30.7%
ROA
19.8%
ROIC
32.8%
ROCE
31.8%
ROC (Greenblatt)
59.8%
3Y ROIIC
−46.5%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
15.35
Forward P/E
16.40
P/E ex-NRI
15.35
Shiller P/E (CAPE)
15.96
Cash Flow Multiples
P/FCF
17.10
P/OCF
16.77
P/Owner Earnings
18.84
FCF Yield
6.64%
Enterprise Value Multiples
EV / EBIT
10.88
EV / Forward EBIT
13.82
EV / EBITDA
10.69
EV / Forward EBITDA
9.94
EV / Revenue
1.72
EV / Forward Revenue
1.81
Asset / Sales
P/S
1.83
P/B
4.67
P/Tangible Book
4.67
Growth-Adjusted
PEG
1.08
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.00%
Forward Dividend Yield
0.00%
3Y Dividend Growth
0.0%
Payout Ratio
0.00
5Y Yield on Cost
0.00%
Buybacks & Dilution
3Y Buyback Ratio
4.60%
5Y Share Change
−25.0%
Combined
Shareholder Yield
11.04%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.31
Gross Debt / EBITDA
0.68
Cash / Debt
1.09
Equity / Assets
0.62
Coverage
Interest Coverage
49.77
Short-Term Liquidity
Current Ratio
4.67
Quick Ratio
2.50
Cash Ratio
1.11
Composite Scores
Piotroski F-Score
3
Altman Z-Score
12.69
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
No dividend history found.
Date
Transcript
Type
No transcripts found.
5-Step DuPont Analysis
ROE %
31.54%
×
×
Net Margin %
11.95%
×
×
Operating Margin %
14.89%
Operating Income
$1.42B
÷
Revenue
$9.55B
×
Tax Burden
0.7694
Net Income
$1.14B
÷
Pretax Income
$1.48B
×
Interest Burden
1.0429
Pretax Income
$1.48B
÷
Operating Income
$1.42B
×
Asset Turnover
1.67
÷
Revenue
$9.55B
÷
Average Total Assets
$5.71B
Begin Total Assets
$5.94B
End Total Assets
$5.47B
×
Equity Multiplier
1.58
÷
Avg Total Assets
$5.71B
÷
Avg Stockholders Equity
$3.62B
Begin Equity
$3.85B
End Equity
$3.39B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 294.2K | 10.53% | +12.2K | $2.00B |
| VANGUARD CAPITAL MANAGEMENT LLC | 174.9K | 6.26% | -2.7K | $1.19B |
| Capital Research Global Investors | 163.8K | 5.86% | +879 | $1.12B |
| STATE STREET CORP | 128.8K | 4.61% | +1.2K | $877.35M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 113.2K | 4.05% | -6.1K | $771.15M |
| GEODE CAPITAL MANAGEMENT, LLC | 73.7K | 2.64% | +38 | $500.44M |
| Boston Partners | 60.8K | 2.18% | +2.8K | $414.00M |
| PRINCIPAL FINANCIAL GROUP INC | 58.5K | 2.10% | +290 | $398.82M |
| AQR CAPITAL MANAGEMENT LLC | 49.1K | 1.76% | +40.2K | $334.55M |
| Invesco Ltd. | 46.8K | 1.68% | +3.8K | $318.89M |
10 of 692
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Malzahn Daniel DavidOfficer | 13.8K | 0.4937% | $81.65M |
| ROSIER WILLIAM GRADYDirector | 1.6K | 0.0570% | $9.42M |
| ANDREWS CHARLES ELLIOTTDirector | 774 | 0.0277% | $4.58M |
| Ross Susan WilliamsonDirector | 624 | 0.0223% | $3.69M |
| ECKERT THOMAS DDirector | 550 | 0.0197% | $3.26M |
| Kelpy Matthew B.Officer | 226 | 0.0081% | $1.34M |
| PREISER DAVID ADirector | 204 | 0.0073% | $1.21M |
| Martinez Melquiades R.Director | 162 | 0.0058% | $959.0K |
| Jung Alexandra ADirector | 75 | 0.0027% | $444.0K |
| Bredow Eugene JamesOfficer | — | — | — |
10 of 12· 1 withheld
View allRecent insider activity
through Aug 7, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Oliver GeorgeDirector | Open-Market or Private Purchase | +63 | $405.2K | Aug 7, 2026 |
| Martinez Melquiades R.Director | Gift | -29 | $0 | Jul 30, 2026 |
| Ross Susan WilliamsonDirector | Option Exercise (Rule 16b-3 Exempt) | +238 | $404.6K | May 29, 2026 |
| Bredow Eugene JamesOfficer | Discretionary Plan Transaction (Rule 16b-3(f)) | +60 | $346.6K | May 14, 2026 |
| Bredow Eugene JamesOfficer | Discretionary Plan Transaction (Rule 16b-3(f)) | +80 | $501.0K | May 6, 2026 |
| DeVito Michael JDirector | Open-Market or Private Purchase | +11 | $73.7K | Apr 24, 2026 |
| ANDREWS CHARLES ELLIOTTDirector | Gift | -5 | $0 | Feb 20, 2026 |
| Ross Susan WilliamsonDirector | Option Exercise (Rule 16b-3 Exempt) | +200 | $340.0K | Feb 13, 2026 |
| Ross Susan WilliamsonDirector | Open-Market or Private Sale | -200 | $1.58M | Feb 13, 2026 |
| Kelpy Matthew B.Officer | Option Exercise (Rule 16b-3 Exempt) | +500 | $2.24M | Feb 10, 2026 |
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