The Filings Report

NVR, Inc.

NVRNYSECIK 906163Consumer Cyclical / Homebuilding & Constructionfiscal year ends December69 quarters since 2009

Revenue, Q2 FY2026
$2.3B
−10.5% on Q2 FY2025
Net income
$236M
−29.1% on Q2 FY2025
Free cash flow
−$158M
−688.3% on Q2 FY2025
Diluted EPS
$83.96
−22.6% on Q2 FY2025
Revenue, TTM
$9.5B
trailing four quarters
Net margin, TTM
12.0%
net income $1.1B
Free cash flow, TTM
$1.0B
$1.1B less $20M capex
Cash and equivalents
—
long-term debt —, Jun 30, 2026
Shares, 12-month change
−7.1%
3M shares, Jun 30, 2026
Buybacks, TTM
$1.8B
11.2% of market value
Dividends, TTM
—
no yield
Market value
$15.9B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 5, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, NVR, Inc. reported revenue of $2.3B, −10.5% on Q2 FY2025, and net income of $236M (−29.1%). Free cash flow, operating cash flow less capital expenditures, was −$158M (−$152M less $6M). Diluted earnings per share were $83.96.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 5, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3BQ3'22, Revenue: $2.8BQ3'22, Net income: $411MQ3'22Q4'22, Revenue: $2.7BQ4'22, Net income: $455MQ4'22Q1'23, Revenue: $2.2BQ1'23, Net income: $344MQ1'23Q2'23, Revenue: $2.3BQ2'23, Net income: $404MQ2'23Q3'23, Revenue: $2.6BQ3'23, Net income: $433MQ3'23Q4'23, Revenue: $2.4BQ4'23, Net income: $410MQ4'23Q1'24, Revenue: $2.3BQ1'24, Net income: $394MQ1'24Q2'24, Revenue: $2.6BQ2'24, Net income: $401MQ2'24Q3'24, Revenue: $2.7BQ3'24, Net income: $429MQ3'24Q4'24, Revenue: $2.8BQ4'24, Net income: $457MQ4'24Q1'25, Revenue: $2.4BQ1'25, Net income: $300MQ1'25Q2'25, Revenue: $2.6BQ2'25, Net income: $334MQ2'25Q3'25, Revenue: $2.6BQ3'25, Net income: $343MQ3'25Q4'25, Revenue: $2.7BQ4'25, Net income: $364MQ4'25Q1'26, Revenue: $1.9BQ1'26, Net income: $198MQ1'26Q2'26, Revenue: $2.3BQ2'26, Net income: $236MQ2'26$0$1B$2B$3BQ3'22, Revenue: $2.8BQ3'22, Net income: $411MQ4'22, Revenue: $2.7BQ4'22, Net income: $455MQ4'22Q1'23, Revenue: $2.2BQ1'23, Net income: $344MQ2'23, Revenue: $2.3BQ2'23, Net income: $404MQ2'23Q3'23, Revenue: $2.6BQ3'23, Net income: $433MQ4'23, Revenue: $2.4BQ4'23, Net income: $410MQ4'23Q1'24, Revenue: $2.3BQ1'24, Net income: $394MQ2'24, Revenue: $2.6BQ2'24, Net income: $401MQ2'24Q3'24, Revenue: $2.7BQ3'24, Net income: $429MQ4'24, Revenue: $2.8BQ4'24, Net income: $457MQ4'24Q1'25, Revenue: $2.4BQ1'25, Net income: $300MQ2'25, Revenue: $2.6BQ2'25, Net income: $334MQ2'25Q3'25, Revenue: $2.6BQ3'25, Net income: $343MQ4'25, Revenue: $2.7BQ4'25, Net income: $364MQ4'25Q1'26, Revenue: $1.9BQ1'26, Net income: $198MQ2'26, Revenue: $2.3BQ2'26, Net income: $236MQ2'26

Net income losses drawn in red.

Free cash flow
−$250M$0$250M$500M$750M$1.0BQ3'22, Free cash flow: $602MQ3'22Q4'22, Free cash flow: $811MQ4'22Q1'23, Free cash flow: $313MQ1'23Q2'23, Free cash flow: $20MQ2'23Q3'23, Free cash flow: $651MQ3'23Q4'23, Free cash flow: $489MQ4'23Q1'24, Free cash flow: $137MQ1'24Q2'24, Free cash flow: $226MQ2'24Q3'24, Free cash flow: $350MQ3'24Q4'24, Free cash flow: $631MQ4'24Q1'25, Free cash flow: $201MQ1'25Q2'25, Free cash flow: $27MQ2'25Q3'25, Free cash flow: $433MQ3'25Q4'25, Free cash flow: $436MQ4'25Q1'26, Free cash flow: $335MQ1'26Q2'26, Free cash flow: −$158MQ2'26−$250M$0$250M$500M$750M$1.0BQ3'22, Free cash flow: $602MQ4'22, Free cash flow: $811MQ4'22Q1'23, Free cash flow: $313MQ2'23, Free cash flow: $20MQ2'23Q3'23, Free cash flow: $651MQ4'23, Free cash flow: $489MQ4'23Q1'24, Free cash flow: $137MQ2'24, Free cash flow: $226MQ2'24Q3'24, Free cash flow: $350MQ4'24, Free cash flow: $631MQ4'24Q1'25, Free cash flow: $201MQ2'25, Free cash flow: $27MQ2'25Q3'25, Free cash flow: $433MQ4'25, Free cash flow: $436MQ4'25Q1'26, Free cash flow: $335MQ2'26, Free cash flow: −$158MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

NVR, Inc. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 11, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 5, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025Q3 FY2024ended Sep 30, 2024filed Nov 5, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue2,3261,8812,7132,6102,5992,4032,8462,733−10.5%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative—————————
Operating income—————————
Other income (expense)—————————
Pretax income—————————
Income tax8253105101113102115109−27.5%
Net income236198364343334300457429−29.1%
Diluted EPS ($)83.9667.76—112.33108.5494.83—130.50−22.6%
Diluted shares (millions)2,816*2,928*—3,051*3,075*3,159*—3,290*—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

NVR, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 11, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 5, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025Q3 FY2024ended Sep 30, 2024filed Nov 5, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents—————————
Short-term investments—————————
Total current assets—————————
Total assets5,4715,5865,8576,0355,9396,1966,3816,488−7.9%
Total current liabilities—————————
Long-term debt—————————
Total liabilities2,0792,0921,9922,0692,0942,2412,1712,217−0.7%
Stockholders’ equity3,3913,4943,8653,9673,8453,9554,2104,271−11.8%
Shares outstanding (millions)33333333—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

NVR, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 11, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 5, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025Q3 FY2024ended Sep 30, 2024filed Nov 5, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow(152)34044043935208637358−531.6%
Capital expenditures65458768−25.9%
Free cash flow (CFO − capex)(158)33543643327201631350−688.3%
Depreciation and amortization67766655+13.0%
Share repurchases374632502276471583564357−20.7%
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 11, 2026.

Income statement

NVR, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 11, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 14, 2024FY2022ended Dec 31, 2022filed Feb 15, 2023FY2021ended Dec 31, 2021filed Feb 16, 2022FY2020ended Dec 31, 2020filed Feb 12, 2021FY2019ended Dec 31, 2019filed Feb 19, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 14, 2018FY2016ended Dec 31, 2016filed Feb 15, 2017FY2015ended Dec 31, 2015filed Feb 17, 2016FY2014ended Dec 31, 2014filed Feb 19, 2015FY2013ended Dec 31, 2013filed Feb 20, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 22, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 2, 2010FY2008ended Dec 31, 2008filed Aug 2, 2010
Revenue10,32410,5249,51810,5268,9517,5377,3897,1646,3065,8235,1594,4454,2113,1852,6593,0422,744—
Cost of revenue——————————————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative——————————————————
Operating income——————————————————
Other income (expense)——————————————————
Pretax income——————————————————
Income tax422434337528354177147163309236220172152947811610667
Net income1,3401,6821,5921,7261,237901879797538425383282266181129206192101
Diluted EPS ($)436.55506.69463.31491.82320.48230.11221.13194.80126.77103.6189.9963.5054.8135.1223.0133.4231.2617.04
Diluted shares (millions)3,069*3,319*3,435*3,509*3,859*3,917*3,973*4,092*4,240*4,104*4,255*4,435*4,862*5,142*5,624*6,165*6,149*5,920*

Balance sheet

NVR, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 11, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 14, 2024FY2022ended Dec 31, 2022filed Feb 15, 2023FY2021ended Dec 31, 2021filed Feb 16, 2022FY2020ended Dec 31, 2020filed Feb 12, 2021FY2019ended Dec 31, 2019filed Feb 19, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 14, 2018FY2016ended Dec 31, 2016filed Feb 15, 2017FY2015ended Dec 31, 2015filed Feb 17, 2016FY2014ended Dec 31, 2014filed Feb 19, 2015FY2013ended Dec 31, 2013filed Feb 20, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 22, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 2, 2010FY2008ended Dec 31, 2008filed Aug 2, 2010
Cash and equivalents—————2,8101,1617326904164515458661,1544811,1941,2501,148
Short-term investments——————————————————
Total current assets——————————————————
Total assets5,8576,3816,6025,6615,8345,7773,8103,1662,9892,6442,5122,3512,4862,6051,7792,2602,396—
Total current liabilities——————————————————
Long-term debt————————————600—————
Total liabilities1,9922,1712,2372,1542,8322,6741,4691,3571,3841,3401,2731,2271,2251,124405520639—
Stockholders’ equity3,8654,2104,3653,5073,0023,1032,3411,8091,6051,3041,2391,1241,2611,4801,3751,7401,7571,374
Shares outstanding (millions)3333344444444556——

Cash flow statement

NVR, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 11, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 14, 2024FY2022ended Dec 31, 2022filed Feb 15, 2023FY2021ended Dec 31, 2021filed Feb 16, 2022FY2020ended Dec 31, 2020filed Feb 12, 2021FY2019ended Dec 31, 2019filed Feb 19, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 14, 2018FY2016ended Dec 31, 2016filed Feb 15, 2017FY2015ended Dec 31, 2015filed Feb 17, 2016FY2014ended Dec 31, 2014filed Feb 19, 2015FY2013ended Dec 31, 2013filed Feb 20, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 22, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 2, 2010FY2008ended Dec 31, 2008filed Aug 2, 2010
Operating cash flow1,1211,3741,4981,8701,242925867723570———270264155242462
Capital expenditures252925181816232020221832191211737
Free cash flow (CFO − capex)1,0971,3451,4731,8521,225909844703550———251252(10)48239455
Depreciation and amortization251817171922212023222218138771014
Share repurchases1,8332,0581,0821,5001,538371698846422455431568554227689417——
Dividends paid——————————————————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$405K
1 purchases by 1 insider; officers and directors $405K
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$578K
3 purchases by 2 insiders; officers and directors $578K
Sold, twelve months
$9M
4 sales by 2 insiders; officers and directors $9M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Aug 7, 2026Oliver GeorgeDirectoropen-market buy63$6431.51$405K63Aug 11, 2026
Jul 30, 2026Martinez Melquiades R.Directorgift29$0.00—162Jul 31, 2026
May 29, 2026Ross Susan WilliamsonDirectoroption exercise238$1700.00$405K624May 29, 2026
May 14, 2026Bredow Eugene JamesChief Executive Officerdiscretionaryindirect60$5776.15$347K140May 15, 2026
May 6, 2026Bredow Eugene JamesChief Executive Officerdiscretionaryindirect80$6262.53$501K80May 7, 2026
Apr 24, 2026DeVito Michael JDirectoropen-market buy11$6699.50$74K25Apr 27, 2026
Feb 20, 2026Andrews Charles ElliottDirectorgift5$0.00—774Feb 23, 2026
Feb 13, 2026Ross Susan WilliamsonDirectoropen-market sale200$7922.06$2M386Feb 17, 2026
Feb 13, 2026Ross Susan WilliamsonDirectoroption exercise200$1700.00$340K586Feb 17, 2026
Feb 10, 2026Kelpy Matthew B.VP, Chief Accounting Officeropen-market sale500$8100.00$4M208Feb 11, 2026
Feb 10, 2026Kelpy Matthew B.VP, Chief Accounting Officeroption exercise500$4475.53$2M708Feb 11, 2026
Feb 5, 2026Ross Susan WilliamsonDirectoropen-market sale200$8091.62$2M386Feb 6, 2026
Feb 5, 2026Ross Susan WilliamsonDirectoroption exercise200$1700.00$340K586Feb 6, 2026
Feb 4, 2026Ross Susan WilliamsonDirectoroption exercise220$1700.00$374K606Feb 5, 2026
Feb 4, 2026Ross Susan WilliamsonDirectoropen-market sale220$8000.00$2M386Feb 5, 2026
Dec 16, 2025Andrews Charles ElliottDirectorgift50$0.00—779Dec 17, 2025
Dec 15, 2025Malzahn Daniel DavidChief Financial Officergift3$0.00—13,793Dec 16, 2025
Dec 12, 2025Preiser David ADirectorgift35$0.00—204Dec 19, 2025
Nov 3, 2025DeVito Michael JDirectoropen-market buy14$7068.05$99K14Nov 5, 2025
Aug 26, 2025Jung Alexandra ADirectoroption exercise200$2450.00$490K275Aug 28, 2025
Aug 26, 2025Jung Alexandra ADirectoropen-market sale200$8082.44$2M75Aug 28, 2025
Aug 22, 2025Jung Alexandra ADirectoropen-market sale50$8231.74$412K75Aug 26, 2025
Aug 13, 2025Kelpy Matthew B.VP, Chief Accounting Officeropen-market sale600$8100.00$5M208Aug 14, 2025
Aug 13, 2025Kelpy Matthew B.VP, Chief Accounting Officeroption exercise600$2843.17$2M808Aug 14, 2025
Aug 4, 2025Ross Susan WilliamsonDirectoropen-market sale125$7850.28$981K386Aug 5, 2025

Full insider history for NVR, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held NVR in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded NVR by quarter.

FundManagerQuarterValueSharesWeightMove
Berkshire HathawayWarren BuffettQ2 2026$76M11,1120.03%held

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
NVR, Inc., CIK 906163 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: not filed
Operating income: not filed
Other income (expense): not filed
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/NVR.json