NVR (NVR) stock
Consumer Discretionary · Homebuilding
NVR (NVR) is a Homebuilding company in the Consumer Discretionary sector, headquartered in Reston, Virginia. As of October 23, 2026, NVR closed at $5,983.68, a market capitalization of $16.03 billion, the 442nd largest company in the S&P 500. Over the last twelve months it generated $9.41 billion in revenue (-8% year over year) and $1.05 billion in free cash flow. The stock trades at 16.5x trailing earnings and 16.1x forward earnings.
- 1-year total return: -22.1% (dividends reinvested)
- 5-year return: +4.2% a year
- 52-week range: $5,501.01 – $8,200.00
- Gross margin 21.1%, operating margin 14.1%
- FI Handbook report card: C+ across 10 metrics
- 40th largest of 47 Consumer Discretionary stocks in the S&P 500
NVR price chart
1Y price change: -22.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| NVR | -4.1% | -18.0% | -22.1% | +2.8% | +4.2% | +14.2% | +14.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1985.
NVR key statistics
- Market cap
- $16.0B
- #442 in S&P 500
- P/E (TTM)
- 16.5x
- Forward P/E
- 16.1x
- EPS (TTM)
- $361.76
- Revenue (TTM)
- $9.4B
- -8%
- Free cash flow
- $1.0B
- Gross margin
- 21.1%
- Operating margin
- 14.1%
- Return on equity
- 28.3%
- Dividend yield
- None
- 52-week range
- $5,501 – $8,200
- Beta
- 0.90
- Price / sales
- 1.7x
- EV / EBITDA
- 11.1x
- Debt / equity
- 0.31x
- Employees
- 6,300
NVR report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-8.2%F
- Gross margin21.1%D
- Operating margin14.1%C
- FCF margin11.1%C
- Return on equity28.3%A
- Net debt / EBITDA-0.0xA
- Forward P/E16.1xB
- PEG ratio5.0xF
- Shareholder yield11.4%A
- Share count change / yr-4.8%A
NVR financials
Revenue went from $5.8B in fiscal 2016 to $10.3B in fiscal 2025, growing 6.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8B | $6.3B | $7.2B | $7.4B | $7.5B | $9.0B | $10.5B | $9.5B | $10.5B | $10.3B |
| Net income | $425.3M | $537.5M | $797.2M | $878.5M | $901.2M | $1.2B | $1.7B | $1.6B | $1.7B | $1.3B |
| EPS (diluted) | $103.61 | $126.77 | $194.80 | $221.13 | $230.11 | $320.48 | $491.82 | $463.31 | $506.69 | $436.55 |
| Free cash flow | — | $550.1M | $703.5M | $843.8M | $909.1M | $1.2B | $1.9B | $1.5B | $1.3B | $1.1B |
| Buybacks | $455.4M | $422.2M | $846.1M | $698.4M | $371.1M | $1.5B | $1.5B | $1.1B | $2.1B | $1.8B |
| Diluted shares | 4.1M | 4.2M | 4.1M | 4.0M | 3.9M | 3.9M | 3.5M | 3.4M | 3.3M | 3.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into NVR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $16.0B and $1.0B of trailing free cash flow, NVR needs to grow free cash flow about 3.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 3.8% a year over the last five years.
P/E ratio history
Current 13.7x vs. median 20.1x (10th–90th percentile 14.0x–29.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
NVR analyst price targets
6 analysts' average 12-month target is $6,262 (+5% vs. $5,984). Targets range from $5,058 to $7,425. 14% rate it a buy.
NVR earnings
Next report: January 27, 2027.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $102.77 | $89.45 | -13.0% |
| Jul 23, 2026 | $89.98 | $83.96 | -6.7% |
| Apr 22, 2026 | $79.20 | $67.76 | -14.4% |
| Jan 28, 2026 | $105.90 | $121.54 | +14.8% |
| Oct 22, 2025 | $109.36 | $112.33 | +2.7% |
| Jul 23, 2025 | $106.20 | $108.54 | +2.2% |
| Apr 22, 2025 | $106.07 | $94.83 | -10.6% |
| Jan 28, 2025 | $129.35 | $139.93 | +8.2% |
Stocks like NVR
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 DHI D.R. Horton | -0.12% | -6% | $41.3B | 14.1x | Compare |
 PHM PulteGroup | +1.43% | +1% | $23.1B | 12.9x | Compare |
 LEN Lennar | +0.56% | -32% | $20.2B | 16.1x | Compare |
 AMZN Amazon.com | -0.95% | +12% | $2.7T | 20.0x | Compare |
 TSLA Tesla | -0.63% | -17% | $1.5T | 409.0x | Compare |
 HD Home Depot | -2.41% | -15% | $319.1B | 21.5x | Compare |
 MCD McDonald's | -1.65% | -17% | $175.8B | 20.2x | Compare |
 TJX TJX Companies | -1.57% | +3% | $159.6B | 26.9x | Compare |
NVR news
- NVR Q3 Earnings Miss Estimates on Lower Settlements & Margin Pressure · Oct 23, 2026
- NVR (NYSE:NVR) reports sales below analyst estimates in Q3 2026 earnings · Oct 22, 2026
- NVR (NVR) Q3 Earnings and Revenues Lag Estimates · Oct 22, 2026
- NVR: Q3 Earnings Snapshot · Oct 22, 2026
- NVR, INC. ANNOUNCES THIRD QUARTER RESULTS · Oct 22, 2026
NVR stock FAQ
What is NVR's market cap?
NVR's market capitalization is $16.03 billion as of October 23, 2026, ranking 442nd in the S&P 500.
What is NVR's P/E ratio?
NVR trades at a trailing price-to-earnings ratio of 16.5x and a forward P/E of 16.1x. Its median P/E over the period we track is 20.1x.
Does NVR pay a dividend?
No. NVR does not currently pay a regular cash dividend.
How much has NVR stock returned?
Including reinvested dividends, NVR returned -22.1% over one year, +4.2% a year over five years, +14.2% a year over ten years through October 23, 2026.
Is NVR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies NVR must grow free cash flow about 4% a year for the next decade. Its free cash flow grew 4% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the NVR price target?
6 analysts cover NVR with an average 12-month price target of $6,262.00, +5% from the current price. 14% of them rate it a buy.
When does NVR report earnings?
NVR is expected to report earnings on January 27, 2027.
How many employees does NVR have?
NVR has about 6,300 full-time employees, or $1.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology