NVR, Inc. (NVR)

NVR, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	10,094	10,292	9,315	10,327	8,702
Other Revenue	343.84	395.04	368.29	248.56	264.62
Revenue	10,438	10,687	9,683	10,575	8,966
Revenue Growth (YoY)	-2.33%	10.38%	-8.44%	17.95%	18.56%
Cost of Revenue	7,953	7,851	7,051	7,662	6,763
Gross Profit	2,389	2,741	2,544	2,824	2,117
Selling, General & Admin	599.67	598.21	588.96	532.35	474.81
Operating Expenses	599.67	598.21	588.96	532.35	474.81
Operating Income	1,790	2,142	1,955	2,291	1,642
Interest Expense	-27.58	-26.99	-26.88	-38.14	-51.53
EBT Excluding Unusual Items	1,762	2,116	1,928	2,253	1,590
Pretax Income	1,762	2,116	1,928	2,253	1,590
Income Tax Expense	422.12	433.58	336.76	527.62	353.68
Net Income	1,340	1,682	1,592	1,726	1,237
Net Income to Common	1,340	1,682	1,592	1,726	1,237
Net Income Growth	-20.34%	5.67%	-7.76%	39.53%	37.22%
Shares Outstanding (Basic)	3	3	3	3	4
Shares Outstanding (Diluted)	3	3	3	4	4
Shares Change (YoY)	-7.54%	-3.37%	-2.09%	-9.08%	-1.47%
EPS (Basic)	462.01	540.88	491.52	525.20	345.38
EPS (Diluted)	436.55	506.69	463.31	491.82	320.48
EPS Growth	-13.84%	9.36%	-5.80%	53.46%	39.27%
Free Cash Flow	-	1,345	1,473	1,852	1,225
Free Cash Flow Per Share	-	405.26	428.82	527.76	317.32
Gross Margin	22.89%	25.64%	26.27%	26.70%	23.61%
Operating Margin	17.14%	20.05%	20.19%	21.67%	18.31%
Profit Margin	12.84%	15.74%	16.44%	16.32%	13.79%
Free Cash Flow Margin	-	12.59%	15.21%	17.51%	13.66%
EBITDA	1,813	2,161	1,972	2,309	1,661
EBITDA Margin	17.37%	20.22%	20.37%	21.83%	18.53%
D&A For EBITDA	23.42	18.38	16.92	17.4	19.46
EBIT	1,790	2,142	1,955	2,291	1,642
EBIT Margin	17.14%	20.05%	20.19%	21.67%	18.31%
Effective Tax Rate	23.96%	20.50%	17.46%	23.42%	22.24%

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q