Companies / NVR

NVR Inc (NVR) financials and KPIs

NVR Inc reported revenue of $10.32B for fiscal 2025, down 1.9% from fiscal 2024. Net income was $1.34B and free cash flow was $1.10B.

Annual results

Fiscal year20212022202320242025
Revenue$8.95B$10.53B$9.52B$10.52B$10.32B
Operating income$1.47B$2.17B$1.82B$1.99B—
Net income$1.24B$1.73B$1.59B$1.68B$1.34B
Cash from operations$1.24B$1.87B$1.50B$1.37B$1.12B
Free cash flow$1.22B$1.85B$1.47B$1.35B$1.10B

Quarterly results

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$2.73B$2.85B$2.40B$2.60B$2.61B$2.71B$1.88B$2.33B
Net income$429.32M$457.43M$299.58M$333.74M$342.69M$363.81M$198.36M$236.46M
Diluted EPS$130.50$139.93$94.83$108.54$112.33$121.54$67.76$83.96

Operating KPIs

As NVR Inc reports them, quarter by quarter.

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Backlog dollar value$5.32B$4.79B$4.84B$4.75B$4.39B$4.01B$4.70B$4.99B
Backlog units11,3399,95310,16510,0699,1658,44810,17110,998
Backlog Dollar Growth Rate11%1%7%—-17%—3%5%

Sources

Figures come from NVR Inc's SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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