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NVR

Consumer Discretionary · Homebuilding

NVR: revenue, profit and cash flow

In fiscal 2025, NVR had revenue of $10.3B, up 7.2% a year on average since 2015, and net income of $1.34B (13.0% of revenue). It has 28% fewer shares than in 2015.

Revenue, fiscal 2025

$10.3B+7.2% a year

average annual revenue growth since 2015 · −1.9% vs 2024

Net income, 2025
$1.34B
13.0% of revenue
Diluted EPS, 2025
$436.55
17.1% a year since 2015
Revenue growth, 5 years
6.5% a year
since 2020
Shares, 2025
3.07M
−27.9% since 2015
Free cash flow, 2025
$1.1B
$1.12B from operations − $24.5M capex
Ticker
NVR · NYSE
Sector
Consumer Discretionary
Sub-industry
Homebuilding
Headquarters
Reston, Virginia
Founded
1980
In the S&P 500 since
September 26, 2019
Latest fiscal year
2025, ended December 31, 2025
SEC filer
Nvr Inc · CIK 0000906163

Revenue and net income

Revenue went from $2.74B in 2009 to $10.3B in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $17.04 in 2008 to $436.55 in 2025. Ten-year growth: 17.1% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

27.9% fewer shares in 2025 than in 2015 (4.25M → 3.07M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.1B in 2025, 10.6% of revenue. Negative in 2011.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSSharesOperating cash flowCapexFree cash flow
2025$10.3B$1.34B13.0%$436.553.07M$1.12B$24.5M$1.1B
2024$10.5B$1.68B16.0%$506.693.32M$1.37B$29.2M$1.35B
2023$9.52B$1.59B16.7%$463.313.44M$1.5B$24.9M$1.47B
2022$10.5B$1.73B16.4%$491.823.51M$1.87B$18.4M$1.85B
2021$8.95B$1.24B13.8%$320.483.86M$1.24B$17.9M$1.22B
2020$7.54B$901M12.0%$230.113.92M$925M$16.1M$909M
2019$7.39B$879M11.9%$221.133.97M$867M$22.7M$844M
2018$7.16B$797M11.1%$194.804.09M$723M$19.7M$703M
2017$6.31B$538M8.5%$126.774.24M$570M$20.3M$550M
2016$5.82B$425M7.3%$103.614.1M$393M$22.4M$371M
2015$5.16B$383M7.4%$89.994.25M$227M$18.3M$208M
2014$4.44B$282M6.3%$63.504.43M$185M$31.7M$153M
2013$4.21B$266M6.3%$54.814.86M$270M$19M$251M
2012$3.18B$181M5.7%$35.125.14M$264M$12.4M$252M
2011$2.66B$129M4.9%$23.015.62M$1.46M$11.4M−$9.98M
2010$3.04B$206M6.8%$33.426.17M$55.4M$6.94M$48.4M
2009$2.74B$192M7.0%$31.266.15M$242M$3.04M$239M
2008—$101M—$17.045.92M$462M$6.9M$455M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Other Homebuilding companies

All 47 Consumer Discretionary companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.