NVR (NVR) Financials

$7,059.00 -12.42 (-0.18%)

Closing price 03:59 PM Eastern

Extended Trading

$7,054.45 -4.55 (-0.06%)

As of 06:56 PM Eastern

Annual Income Statements for NVR

This table shows NVR's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	383	425	538	797	879	901	1,237	1,726	1,592	1,682
Consolidated Net Income / (Loss)	383	425	538	797	879	901	1,237	1,726	1,592	1,682
Net Income / (Loss) Continuing Operations	383	425	538	797	879	901	1,237	1,726	1,592	1,682
Total Pre-Tax Income	603	662	847	960	1,026	1,078	1,590	2,253	1,928	2,116
Total Operating Income	616	679	863	959	1,011	1,090	1,635	2,239	1,939	1,975
Total Gross Profit	1,040	1,122	1,323	1,472	1,539	1,600	2,188	2,864	2,467	2,674
Total Revenue	5,159	5,830	6,314	7,164	7,389	7,537	8,951	10,526	9,518	10,524
Operating Revenue	5,159	5,823	6,306	7,164	7,389	7,537	8,951	10,526	9,518	10,524
Total Cost of Revenue	4,119	4,708	4,990	5,692	5,850	5,937	6,763	7,662	7,051	7,851
Operating Cost of Revenue	4,119	4,708	4,990	5,692	5,850	5,937	6,763	7,662	7,051	7,851
Total Operating Expenses	424	443	461	513	527	510	553	625	528	699
Selling, General & Admin Expense	424	443	461	513	527	510	563	625	680	699
Total Other Income / (Expense), net	-13	-17	-16	0.90	14	-12	-44	14	-11	141
Interest Expense	24	22	24	25	25	41	53	40	28	28
Interest & Investment Income	6.49	-	-	12	12	8.93	8.73	12	17	19
Other Income / (Expense), net	4.07	4.47	8.58	14	28	20	-	42	-	149
Income Tax Expense	220	236	309	163	147	177	354	528	337	434
Basic Earnings per Share	$95.21	$110.53	$144.00	$219.58	$241.31	$244.11	$345.37	$525.20	$491.52	$540.88
Weighted Average Basic Shares Outstanding	4.02M	3.85M	3.73M	3.63M	3.64M	3.69M	3.58M	3.29M	3.24M	3.11M
Diluted Earnings per Share	$89.99	$103.61	$126.77	$194.80	$221.13	$230.11	$320.48	$491.82	$463.31	$506.69
Weighted Average Diluted Shares Outstanding	4.26M	4.10M	4.24M	4.09M	3.97M	3.92M	3.86M	3.51M	3.44M	3.32M
Weighted Average Basic & Diluted Shares Outstanding	4M	3.80M	3.70M	3.60M	3.97M	3.92M	3.86M	6.50M	6.37M	2.99M

This table shows NVR's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	411	455	344	404	433	410	394	401	429	457
Consolidated Net Income / (Loss)	411	455	344	404	433	410	394	401	429	457
Net Income / (Loss) Continuing Operations	411	455	344	404	433	410	394	401	429	457
Total Pre-Tax Income	539	575	434	471	539	484	471	534	539	573
Total Operating Income	528	577	413	439	500	588	448	498	506	522
Total Gross Profit	684	718	570	610	667	620	607	665	682	720
Total Revenue	2,777	2,712	2,178	2,338	2,569	2,433	2,333	2,612	2,733	2,846
Operating Revenue	2,777	2,712	2,178	2,338	2,569	2,433	2,333	2,612	2,733	2,846
Total Cost of Revenue	2,092	1,994	1,608	1,728	1,902	1,813	1,726	1,948	2,051	2,126
Operating Cost of Revenue	2,092	1,994	1,608	1,728	1,902	1,813	1,726	1,948	2,051	2,126
Total Operating Expenses	154	166	166	171	167	23	176	167	176	181
Selling, General & Admin Expense	154	163	166	171	167	176	176	167	176	181
Total Other Income / (Expense), net	7.74	22	30	32	39	-112	39	35	33	33
Interest Expense	7.20	6.90	7.26	6.80	6.90	6.79	6.83	6.90	7.05	7.01
Interest & Investment Income	3.44	3.57	3.02	3.82	5.07	4.78	4.09	4.67	4.73	5.60
Other Income / (Expense), net	12	-	34	35	41	-	42	38	35	35
Income Tax Expense	127	120	89	67	106	74	76	133	109	115
Basic Earnings per Share	$125.97	$141.52	$106.31	$123.84	$132.92	$128.45	$123.76	$128.21	$139.65	$149.26
Weighted Average Basic Shares Outstanding	3.27M	3.29M	3.24M	3.26M	3.26M	3.24M	3.19M	3.13M	3.07M	3.11M
Diluted Earnings per Share	$118.51	$133.10	$99.89	$116.54	$125.26	$121.62	$116.41	$120.69	$130.50	$139.09
Weighted Average Diluted Shares Outstanding	3.47M	3.51M	3.45M	3.47M	3.46M	3.44M	3.39M	3.32M	3.29M	3.32M
Weighted Average Basic & Diluted Shares Outstanding	3.20M	6.50M	3.25M	3.26M	3.18M	6.37M	3.13M	3.08M	3.06M	2.99M

This table details how cash moves in and out of NVR's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-120	-35	274	43	429	1,649	-173	-62	641	-551
Net Cash From Operating Activities	227	393	570	723	867	925	1,242	1,870	1,498	1,374
Net Cash From Continuing Operating Activities	227	393	570	723	867	925	1,242	1,870	1,498	1,374
Net Income / (Loss) Continuing Operations	383	425	538	797	879	901	1,237	1,726	1,592	1,682
Consolidated Net Income / (Loss)	383	425	538	797	879	901	1,237	1,726	1,592	1,682
Depreciation Expense	22	22	23	20	21	22	19	17	17	18
Non-Cash Adjustments To Reconcile Net Income	-61	14	56	-13	44	124	186	124	145	-23
Changes in Operating Assets and Liabilities, net	-117	-68	-46	-81	-77	-122	-200	3.04	-255	-303
Net Cash From Investing Activities	-1.02	-10	-15	-8.18	-13	-3.93	-18	-27	-24	-27
Net Cash From Continuing Investing Activities	-1.02	-10	-15	-8.18	-13	-3.93	-18	-27	-24	-27
Purchase of Property, Plant & Equipment	-18	-22	-20	-20	-23	-16	-18	-18	-25	-29
Acquisitions	-1.92	-0.65	-3.80	-0.28	-0.70	-0.44	-1.28	-9.74	-1.78	-3.10
Sale of Property, Plant & Equipment	0.68	1.00	0.85	1.26	1.87	1.00	0.98	0.73	2.37	3.04
Sale and/or Maturity of Investments	18	12	8.03	11	8.25	12	0.00	0.00	0.18	2.72
Net Cash From Financing Activities	-346	-417	-282	-672	-425	728	-1,397	-1,905	-833	-1,899
Net Cash From Continuing Financing Activities	-346	-417	-282	-672	-425	728	-1,397	-1,905	-833	-1,899
Repayment of Debt	-0.06	-	-	0.00	0.00	-5.06	0.00	-600	0.00	0.00
Repurchase of Common Equity	-431	-455	-422	-846	-698	-371	-1,538	-1,500	-1,082	-2,058
Other Financing Activities, net	86	38	141	174	274	180	141	195	249	159
Cash Interest Paid	25	21	23	24	24	37	54	48	29	29
Cash Income Taxes Paid	195	219	260	181	154	163	389	530	407	410

This table details how cash moves in and out of NVR's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	257	753	284	-101	212	245	-291	-396	40	96
Net Cash From Operating Activities	606	817	316	29	658	496	146	233	358	637
Net Cash From Continuing Operating Activities	606	817	316	29	658	496	146	233	358	637
Net Income / (Loss) Continuing Operations	411	455	344	404	433	410	394	401	429	457
Consolidated Net Income / (Loss)	411	455	344	404	433	410	394	401	429	457
Depreciation Expense	4.25	4.16	4.19	4.22	4.18	4.33	4.38	4.36	4.69	4.95
Non-Cash Adjustments To Reconcile Net Income	85	42	-16	-104	166	98	-91	-48	25	91
Changes in Operating Assets and Liabilities, net	105	316	-17	-276	55	-17	-161	-124	-101	83
Net Cash From Investing Activities	-3.01	-6.79	-2.92	-7.54	-6.90	-6.75	-6.73	-4.41	-8.65	-6.76
Net Cash From Continuing Investing Activities	-3.01	-6.79	-2.92	-7.54	-6.90	-6.75	-6.73	-4.41	-8.65	-6.76
Purchase of Property, Plant & Equipment	-3.22	-6.46	-2.71	-8.73	-7.08	-6.35	-8.98	-6.43	-8.21	-5.59
Acquisitions	-	-0.51	-0.57	-0.66	-	-0.55	0.00	-0.90	-0.74	-1.46
Sale of Property, Plant & Equipment	0.21	0.18	0.18	1.86	0.18	0.15	2.25	0.20	0.30	0.30
Net Cash From Financing Activities	-345	-57	-29	-122	-439	-244	-430	-624	-310	-534
Net Cash From Continuing Financing Activities	-345	-57	-29	-122	-439	-244	-430	-624	-310	-534
Repurchase of Common Equity	-368	-116	-110	-201	-484	-286	-497	-639	-357	-564
Other Financing Activities, net	23	59	82	79	45	43	67	15	48	30
Cash Interest Paid	0.85	14	0.86	14	0.50	14	0.42	14	0.67	14
Cash Income Taxes Paid	112	126	5.42	257	50	95	6.89	157	143	103

This table presents NVR's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,029	2,292	2,637	3,166	3,810	5,777	5,834	5,661	6,602	6,381
Total Current Assets	1,468	1,526	1,955	732	2,526	4,537	4,603	4,332	3,268	2,726
Cash & Equivalents	424	395	667	712	1,140	2,778	2,573	2,523	3,163	2,611
Restricted Cash	25	19	22	20	20	31	63	-	53	54
Accounts Receivable	11	19	20	-	18	18	19	21	29	33
Inventories, net	1,007	1,092	1,246	-	1,347	1,709	1,947	1,788	24	29
Plant, Property, & Equipment, net	1.75	51	50	49	58	62	61	62	70	103
Total Noncurrent Assets	511	715	633	543	1,226	1,178	1,171	3,029	3,263	3,552
Goodwill	3.98	-	-	-	49	49	49	49	49	49
Noncurrent Deferred & Refundable Income Taxes	0.00	171	112	-	116	133	133	144	148	142
Other Noncurrent Operating Assets	507	545	521	543	569	996	989	2,836	3,066	3,361
Total Liabilities & Shareholders' Equity	2,512	2,644	2,989	3,166	3,810	5,777	5,834	5,661	6,602	6,381
Total Liabilities	1,273	1,340	1,384	1,357	1,469	2,674	2,832	2,154	2,237	2,171
Total Current Liabilities	676	743	787	0.00	653	1,084	1,241	833	888	828
Accounts Payable	260	284	295	-	307	403	388	395	475	386
Accrued Expenses	305	337	342	-	346	441	436	437	413	441
Total Noncurrent Liabilities	597	596	597	0.00	816	1,590	1,591	1,321	1,349	1,343
Long-Term Debt	596	596	597	-	598	1,517	1,516	915	913	911
Other Noncurrent Operating Liabilities	1.09	-	-	-	217	73	75	93	436	432
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,239	1,304	1,605	1,809	2,341	3,103	3,002	3,507	4,365	4,210
Total Preferred & Common Equity	1,239	1,304	1,605	1,809	2,341	3,103	3,002	3,507	4,365	4,210
Total Common Equity	1,239	1,304	1,605	1,809	2,341	3,103	3,002	3,507	4,365	4,210
Common Stock	1,448	1,516	1,644	1,820	2,056	2,215	2,378	2,600	2,849	3,032
Retained Earnings	5,270	5,695	6,232	7,031	7,910	8,811	10,048	11,773	13,365	15,047
Treasury Stock	-5,479	-5,907	-6,271	-7,043	-7,624	-7,923	-9,424	-10,867	-11,849	-13,869
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.00	0.00

This table presents NVR's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	5,390	5,661	6,076	6,267	6,372	6,602	6,538	6,407	6,488	6,381
Total Current Assets	4,020	4,332	4,747	2,807	4,947	3,268	5,078	2,591	2,547	2,726
Cash & Equivalents	1,767	2,523	2,801	2,693	2,909	3,163	2,869	2,470	2,511	2,611
Restricted Cash	54	-	58	65	-	53	56	59	-	54
Accounts Receivable	28	21	23	27	34	29	36	35	36	33
Inventories, net	2,170	1,788	1,866	22	2,004	24	2,117	26	-	29
Plant, Property, & Equipment, net	59	62	60	62	65	70	71	86	93	103
Total Noncurrent Assets	1,310	3,029	1,269	3,397	3,323	3,263	1,389	3,731	3,785	3,552
Goodwill	49	49	49	49	49	49	49	49	49	49
Noncurrent Deferred & Refundable Income Taxes	-	144	-	-	-	148	-	-	-	142
Other Noncurrent Operating Assets	1,261	2,836	1,220	3,348	3,274	3,066	1,341	3,682	3,736	3,361
Total Liabilities & Shareholders' Equity	5,390	5,661	6,076	6,267	6,372	6,602	6,538	6,407	6,488	6,381
Total Liabilities	2,305	2,154	2,231	2,114	2,200	2,237	2,194	2,273	2,217	2,171
Total Current Liabilities	923	833	1,217	728	827	888	830	891	843	828
Accounts Payable	496	395	422	436	441	475	449	485	437	386
Accrued Expenses	427	437	459	292	386	413	381	405	406	441
Total Noncurrent Liabilities	1,382	1,321	1,014	1,386	1,373	1,349	1,364	1,383	1,373	1,343
Long-Term Debt	915	915	914	914	913	913	913	912	912	911
Other Noncurrent Operating Liabilities	466	93	99	472	459	436	451	471	462	432
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,085	3,507	3,845	4,153	4,173	4,365	4,344	4,134	4,271	4,210
Total Preferred & Common Equity	3,085	3,507	3,845	4,153	4,173	4,365	4,344	4,134	4,271	4,210
Total Common Equity	3,085	3,507	3,845	4,153	4,173	4,365	4,344	4,134	4,271	4,210
Common Stock	2,539	2,600	2,677	2,748	2,801	2,849	2,906	2,935	2,990	3,032
Retained Earnings	11,319	11,773	12,118	12,522	12,955	13,365	13,759	14,160	14,590	15,047
Treasury Stock	-10,773	-10,867	-10,949	-11,116	-11,584	-11,849	-12,321	-12,962	-13,308	-13,869
Other Equity Adjustments	0.00	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from NVR's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.07%	13.01%	8.29%	13.46%	3.14%	2.01%	18.76%	17.60%	-9.58%	10.57%
EBITDA Growth	31.16%	9.95%	26.65%	11.15%	6.69%	6.80%	46.14%	38.93%	-14.88%	9.52%
EBIT Growth	31.49%	10.18%	27.46%	11.72%	6.76%	6.83%	47.28%	39.52%	-14.97%	9.53%
NOPAT Growth	34.58%	11.54%	25.46%	45.49%	8.76%	5.18%	39.53%	34.88%	-6.64%	-1.91%
Net Income Growth	35.97%	11.06%	26.40%	48.31%	10.20%	2.58%	37.22%	39.53%	-7.76%	5.67%
EPS Growth	41.72%	15.14%	22.35%	53.66%	13.52%	4.06%	39.27%	53.46%	-5.80%	9.36%
Operating Cash Flow Growth	22.84%	73.35%	45.13%	26.79%	19.83%	6.78%	34.27%	50.52%	-19.90%	-8.25%
Free Cash Flow Firm Growth	24.24%	-65.90%	233.07%	162.80%	-87.49%	126.45%	210.14%	-105.30%	5,132.61%	-63.24%
Invested Capital Growth	-7.23%	32.82%	2.42%	-49.07%	117.53%	40.72%	3.92%	94.49%	-43.65%	19.12%
Revenue Q/Q Growth	4.60%	3.66%	0.99%	2.47%	-0.06%	4.93%	-1.25%	4.80%	-2.85%	4.08%
EBITDA Q/Q Growth	9.46%	4.38%	3.80%	2.62%	0.04%	10.82%	3.80%	8.28%	4.29%	2.14%
EBIT Q/Q Growth	9.75%	4.48%	3.92%	2.72%	0.00%	11.09%	3.88%	8.38%	4.32%	2.12%
NOPAT Q/Q Growth	9.42%	5.37%	-5.13%	16.78%	0.85%	5.69%	3.65%	6.84%	6.24%	1.23%
Net Income Q/Q Growth	9.92%	4.14%	-4.66%	15.59%	2.81%	5.73%	2.45%	7.49%	-2.73%	2.90%
EPS Q/Q Growth	11.50%	5.71%	-6.57%	17.98%	2.87%	6.11%	3.50%	10.00%	-2.42%	3.57%
Operating Cash Flow Q/Q Growth	-6.32%	25.33%	-8.92%	-0.47%	16.98%	-1.19%	-6.46%	42.43%	-17.67%	11.46%
Free Cash Flow Firm Q/Q Growth	0.50%	-92.06%	135.81%	39.71%	207.78%	-70.86%	-8.84%	-105.25%	804.73%	-61.85%
Invested Capital Q/Q Growth	-25.29%	377.75%	-28.33%	-55.34%	-45.06%	-3.47%	5.38%	67.96%	-50.18%	-5.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.16%	19.25%	20.96%	20.54%	20.83%	21.22%	24.44%	27.21%	25.92%	25.41%
EBITDA Margin	12.44%	12.10%	14.16%	13.87%	14.34%	15.02%	18.48%	21.83%	20.55%	20.36%
Operating Margin	11.94%	11.65%	13.66%	13.38%	13.69%	14.46%	18.26%	21.27%	20.38%	18.76%
EBIT Margin	12.02%	11.72%	13.80%	13.59%	14.06%	14.73%	18.26%	21.67%	20.38%	20.18%
Profit (Net Income) Margin	7.42%	7.29%	8.51%	11.13%	11.89%	11.96%	13.82%	16.39%	16.72%	15.98%
Tax Burden Percent	63.48%	64.27%	63.47%	83.06%	85.64%	83.60%	77.76%	76.58%	82.54%	79.50%
Interest Burden Percent	97.25%	96.82%	97.22%	98.61%	98.73%	97.12%	97.28%	98.79%	99.43%	99.59%
Effective Tax Rate	36.52%	35.73%	36.53%	16.94%	14.36%	16.40%	22.24%	23.42%	17.46%	20.50%
Return on Invested Capital (ROIC)	44.09%	43.90%	47.69%	90.86%	92.22%	58.82%	68.85%	61.88%	55.95%	69.49%
ROIC Less NNEP Spread (ROIC-NNEP)	46.90%	47.88%	50.92%	90.77%	91.14%	59.66%	71.71%	59.61%	56.80%	63.98%
Return on Net Nonoperating Assets (RNNOA)	-11.69%	-10.46%	-10.75%	-44.16%	-49.88%	-25.71%	-28.34%	-8.86%	-15.51%	-30.26%
Return on Equity (ROE)	32.40%	33.44%	36.94%	46.70%	42.34%	33.11%	40.51%	53.02%	40.44%	39.23%
Cash Return on Invested Capital (CROIC)	51.60%	15.71%	45.30%	155.88%	18.20%	24.99%	65.01%	-2.29%	111.79%	52.04%
Operating Return on Assets (OROA)	29.75%	31.63%	35.35%	33.54%	29.79%	23.16%	28.16%	39.68%	31.63%	32.72%
Return on Assets (ROA)	18.36%	19.69%	21.81%	27.48%	25.19%	18.80%	21.30%	30.02%	25.96%	25.91%
Return on Common Equity (ROCE)	32.40%	33.44%	36.94%	46.70%	42.34%	33.11%	40.51%	53.02%	40.44%	39.23%
Return on Equity Simple (ROE_SIMPLE)	30.90%	32.60%	33.48%	44.08%	37.52%	29.04%	41.19%	49.21%	36.47%	39.95%
Net Operating Profit after Tax (NOPAT)	391	436	547	796	866	911	1,271	1,715	1,601	1,570
NOPAT Margin	7.58%	7.48%	8.67%	11.12%	11.72%	12.09%	14.20%	16.29%	16.82%	14.92%
Net Nonoperating Expense Percent (NNEP)	-2.80%	-3.99%	-3.22%	0.09%	1.09%	-0.84%	-2.86%	2.27%	-0.85%	5.52%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	38.78%	30.33%	30.66%
Cost of Revenue to Revenue	79.84%	80.75%	79.04%	79.46%	79.17%	78.78%	75.56%	72.79%	74.08%	74.59%
SG&A Expenses to Revenue	8.22%	7.60%	7.30%	7.16%	7.14%	6.76%	6.29%	5.94%	7.14%	6.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.22%	7.60%	7.30%	7.16%	7.14%	6.76%	6.18%	5.94%	5.54%	6.64%
Earnings before Interest and Taxes (EBIT)	620	683	871	973	1,039	1,110	1,635	2,281	1,939	2,124
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	642	706	894	993	1,060	1,132	1,654	2,298	1,956	2,143
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.19	4.85	8.17	4.87	6.01	4.89	6.85	4.20	5.10	5.95
Price to Tangible Book Value (P/TBV)	5.20	4.85	8.17	4.87	6.14	4.97	6.97	4.26	5.16	6.02
Price to Revenue (P/Rev)	1.25	1.09	2.08	1.23	1.90	2.01	2.30	1.40	2.34	2.38
Price to Earnings (P/E)	16.79	14.88	24.41	11.05	16.02	16.84	16.64	8.54	13.98	14.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.96%	6.72%	4.10%	9.05%	6.24%	5.94%	6.01%	11.71%	7.15%	6.71%
Enterprise Value to Invested Capital (EV/IC)	7.70	5.74	11.22	13.65	10.50	7.67	10.34	3.59	9.67	9.49
Enterprise Value to Revenue (EV/Rev)	1.27	1.12	2.06	1.13	1.83	1.84	2.17	1.25	2.10	2.21
Enterprise Value to EBITDA (EV/EBITDA)	10.24	9.22	14.58	8.13	12.75	12.27	11.76	5.71	10.20	10.88
Enterprise Value to EBIT (EV/EBIT)	10.60	9.52	14.96	8.30	13.00	12.51	11.90	5.76	10.29	10.97
Enterprise Value to NOPAT (EV/NOPAT)	16.81	14.91	23.80	10.14	15.60	15.24	15.31	7.66	12.46	14.84
Enterprise Value to Operating Cash Flow (EV/OCF)	29.00	16.56	22.84	11.17	15.59	15.01	15.66	7.02	13.32	16.96
Enterprise Value to Free Cash Flow (EV/FCFF)	14.36	41.69	25.06	5.91	79.05	35.88	16.21	0.00	6.24	19.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.46	0.37	0.00	0.26	0.49	0.51	0.26	0.21	0.22
Long-Term Debt to Equity	0.48	0.46	0.37	0.00	0.26	0.49	0.51	0.26	0.21	0.22
Financial Leverage	-0.25	-0.22	-0.21	-0.49	-0.55	-0.43	-0.40	-0.15	-0.27	-0.47
Leverage Ratio	1.76	1.70	1.69	1.70	1.68	1.76	1.90	1.77	1.56	1.51
Compound Leverage Factor	1.72	1.64	1.65	1.68	1.66	1.71	1.85	1.74	1.55	1.51
Debt to Total Capital	32.47%	31.38%	27.11%	0.00%	20.35%	32.84%	33.56%	20.69%	17.30%	17.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.47%	31.38%	27.11%	0.00%	20.35%	32.84%	33.56%	20.69%	17.30%	17.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.53%	68.62%	72.89%	100.00%	79.65%	67.16%	66.44%	79.31%	82.70%	82.21%
Debt to EBITDA	0.93	0.85	0.67	0.00	0.56	1.34	0.92	0.40	0.47	0.43
Net Debt to EBITDA	0.23	0.26	-0.10	0.00	-0.53	-1.14	-0.68	-0.70	-1.18	-0.82
Long-Term Debt to EBITDA	0.93	0.85	0.67	0.00	0.56	1.34	0.92	0.40	0.47	0.43
Debt to NOPAT	1.52	1.37	1.09	0.00	0.69	1.67	1.19	0.53	0.57	0.58
Net Debt to NOPAT	0.37	0.42	-0.17	0.00	-0.65	-1.42	-0.88	-0.94	-1.44	-1.12
Long-Term Debt to NOPAT	1.52	1.37	1.09	0.00	0.69	1.67	1.19	0.53	0.57	0.58
Altman Z-Score	10.69	10.25	13.01	10.56	12.09	8.20	9.92	10.95	11.65	13.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.17	2.05	2.48	0.00	3.87	4.19	3.71	5.20	3.68	3.29
Quick Ratio	0.65	0.56	0.87	0.00	1.77	2.58	2.09	3.05	3.59	3.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	458	156	520	1,366	171	387	1,200	-64	3,198	1,176
Operating Cash Flow to CapEx	1,288.52%	1,839.06%	2,936.64%	3,928.32%	4,160.23%	6,118.29%	7,352.74%	10,567.93%	6,656.56%	5,252.45%
Free Cash Flow to Firm to Interest Expense	19.43	7.19	21.50	54.48	6.73	9.47	22.60	-1.61	115.30	42.32
Operating Cash Flow to Interest Expense	9.62	18.10	23.58	28.83	34.14	22.64	23.39	47.32	54.00	49.47
Operating Cash Flow Less CapEx to Interest Expense	8.88	17.12	22.78	28.10	33.32	22.27	23.07	46.87	53.19	48.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.47	2.70	2.56	2.47	2.12	1.57	1.54	1.83	1.55	1.62
Accounts Receivable Turnover	479.84	383.32	324.09	0.00	0.00	412.11	485.80	534.42	381.94	341.58
Inventory Turnover	4.39	4.49	4.27	0.00	0.00	3.89	3.70	4.10	7.78	297.39
Fixed Asset Turnover	1,932.57	221.82	125.85	145.81	138.32	125.18	145.58	172.36	144.68	121.63
Accounts Payable Turnover	16.81	17.33	17.26	0.00	0.00	16.74	17.11	19.56	16.20	18.23
Days Sales Outstanding (DSO)	0.76	0.95	1.13	0.00	0.00	0.89	0.75	0.68	0.96	1.07
Days Inventory Outstanding (DIO)	83.12	81.35	85.51	0.00	0.00	93.94	98.67	88.98	46.90	1.23
Days Payable Outstanding (DPO)	21.72	21.06	21.15	0.00	0.00	21.81	21.33	18.66	22.53	20.03
Cash Conversion Cycle (CCC)	62.17	61.24	65.49	0.00	0.00	73.02	78.09	71.00	25.32	-17.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	854	1,134	1,162	592	1,287	1,811	1,882	3,660	2,062	2,457
Invested Capital Turnover	5.82	5.87	5.50	8.17	7.87	4.87	4.85	3.80	3.33	4.66
Increase / (Decrease) in Invested Capital	-67	280	27	-570	695	524	71	1,778	-1,598	394
Enterprise Value (EV)	6,575	6,508	13,029	8,078	13,509	13,887	19,459	13,133	19,952	23,306
Market Capitalization	6,429	6,326	13,120	8,810	14,072	15,179	20,579	14,741	22,255	25,059
Book Value per Share	$316.70	$344.14	$429.29	$500.30	$633.64	$834.06	$862.07	$1,097.33	$1,372.97	$1,374.10
Tangible Book Value per Share	$315.68	$344.14	$429.29	$500.30	$620.40	$820.91	$848.02	$1,082.02	$1,357.58	$1,358.13
Total Capital	1,835	1,901	2,203	1,809	2,940	4,620	4,519	4,422	5,278	5,121
Total Debt	596	596	597	0.00	598	1,517	1,516	915	913	911
Total Long-Term Debt	596	596	597	0.00	598	1,517	1,516	915	913	911
Net Debt	146	182	-91	-732	-562	-1,292	-1,120	-1,608	-2,302	-1,754
Capital Expenditures (CapEx)	18	21	19	18	21	15	17	18	23	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	342	368	480	0.00	713	643	725	976	-835	-766
Debt-free Net Working Capital (DFNWC)	792	783	1,168	732	1,873	3,453	3,361	3,499	2,380	1,899
Net Working Capital (NWC)	792	783	1,168	732	1,873	3,453	3,361	3,499	2,380	1,899
Net Nonoperating Expense (NNE)	8.26	11	9.90	-0.75	-12	9.83	35	-11	9.12	-112
Net Nonoperating Obligations (NNO)	-385	-170	-444	-1,217	-1,054	-1,292	-1,120	153	-2,302	-1,754
Total Depreciation and Amortization (D&A)	22	22	23	20	21	22	19	17	17	18
Debt-free, Cash-free Net Working Capital to Revenue	6.64%	6.31%	7.59%	0.00%	9.64%	8.54%	8.10%	9.28%	-8.78%	-7.28%
Debt-free Net Working Capital to Revenue	15.36%	13.43%	18.50%	10.22%	25.35%	45.81%	37.55%	33.24%	25.01%	18.04%
Net Working Capital to Revenue	15.36%	13.43%	18.50%	10.22%	25.35%	45.81%	37.55%	33.24%	25.01%	18.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$95.21	$110.53	$144.00	$219.58	$241.31	$244.11	$345.37	$525.20	$491.52	$540.88
Adjusted Weighted Average Basic Shares Outstanding	4.02M	3.85M	3.73M	3.63M	3.64M	3.69M	3.58M	3.29M	3.24M	3.11M
Adjusted Diluted Earnings per Share	$89.99	$103.61	$126.77	$194.80	$221.13	$230.11	$320.48	$491.82	$463.31	$506.69
Adjusted Weighted Average Diluted Shares Outstanding	4.26M	4.10M	4.24M	4.09M	3.97M	3.92M	3.86M	3.51M	3.44M	3.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$241.31	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.88M	3.70M	3.68M	3.62M	3.68M	7.36M	3.86M	6.50M	6.37M	2.99M
Normalized Net Operating Profit after Tax (NOPAT)	391	436	547	796	866	911	1,271	1,715	1,601	1,570
Normalized NOPAT Margin	7.58%	7.48%	8.67%	11.12%	11.72%	12.09%	14.20%	16.29%	16.82%	14.92%
Pre Tax Income Margin	11.69%	11.35%	13.41%	13.40%	13.88%	14.30%	17.77%	21.41%	20.26%	20.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.33	31.48	36.02	38.80	40.94	27.16	30.78	57.71	69.91	76.46
NOPAT to Interest Expense	16.60	20.10	22.63	31.76	34.13	22.29	23.93	43.38	57.70	56.51
EBIT Less CapEx to Interest Expense	25.58	30.50	35.22	38.07	40.12	26.79	30.46	57.26	69.10	75.51
NOPAT Less CapEx to Interest Expense	15.86	19.12	21.83	31.02	33.31	21.92	23.61	42.93	56.89	55.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.08%	0.04%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	112.73%	107.11%	78.54%	106.17%	79.50%	41.17%	124.36%	86.95%	67.97%	122.34%

This table displays calculated financial ratios and metrics derived from NVR's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.91%	21.60%	-8.41%	-12.06%	-7.49%	-10.31%	7.12%	11.72%	6.38%	16.98%
EBITDA Growth	20.86%	29.87%	-22.46%	-15.56%	0.33%	1.85%	9.73%	12.92%	0.05%	-5.08%
EBIT Growth	21.18%	30.32%	-22.59%	-15.63%	0.35%	1.83%	9.78%	13.00%	-0.04%	-5.22%
NOPAT Growth	18.44%	31.55%	-24.59%	-10.48%	-0.39%	9.02%	14.62%	-0.50%	0.38%	-16.19%
Net Income Growth	23.88%	35.92%	-19.19%	-6.76%	5.29%	-9.83%	14.50%	-0.77%	-0.89%	11.55%
EPS Growth	37.10%	50.60%	-14.30%	-5.75%	5.70%	-8.63%	16.54%	3.56%	4.18%	14.36%
Operating Cash Flow Growth	31.31%	214.18%	2.00%	-79.20%	8.65%	-39.34%	-53.58%	711.28%	-45.56%	28.51%
Free Cash Flow Firm Growth	-97.70%	-578.30%	110.94%	2,268.00%	-15,822.84%	258.60%	-112.56%	-59.47%	224.07%	-98.90%
Invested Capital Growth	22.02%	94.49%	-5.64%	-1.48%	89.97%	-43.65%	22.67%	9.00%	-36.99%	19.12%
Revenue Q/Q Growth	4.44%	-2.33%	-19.69%	7.35%	9.87%	-5.31%	-4.07%	11.96%	4.61%	4.12%
EBITDA Q/Q Growth	-4.06%	6.97%	-11.89%	6.10%	14.00%	8.58%	-2.97%	9.18%	1.01%	3.01%
EBIT Q/Q Growth	-4.04%	7.04%	-11.99%	6.15%	14.14%	8.62%	-3.01%	9.26%	0.96%	2.99%
NOPAT Q/Q Growth	-4.07%	13.29%	-18.42%	14.84%	6.74%	23.99%	-4.36%	-0.31%	7.68%	3.52%
Net Income Q/Q Growth	-5.06%	10.54%	-24.28%	17.33%	7.21%	-5.33%	-3.85%	1.68%	7.09%	6.55%
EPS Q/Q Growth	-4.16%	12.31%	-24.95%	16.67%	7.48%	-2.91%	-4.28%	3.68%	8.13%	6.58%
Operating Cash Flow Q/Q Growth	339.30%	34.92%	-61.39%	-90.91%	2,194.41%	-24.67%	-70.45%	58.88%	53.96%	77.82%
Free Cash Flow Firm Q/Q Growth	-42.85%	-13,426.66%	132.05%	-6.88%	-479.45%	234.43%	-102.81%	400.43%	1,061.61%	-98.80%
Invested Capital Q/Q Growth	-7.03%	67.96%	-48.06%	21.46%	79.27%	-50.18%	12.23%	7.93%	3.64%	-5.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.65%	26.49%	26.18%	26.09%	25.96%	25.47%	26.02%	25.45%	24.95%	25.30%
EBITDA Margin	19.57%	21.44%	20.70%	20.46%	21.23%	24.34%	21.20%	20.68%	19.96%	19.75%
Operating Margin	19.01%	21.28%	18.95%	18.77%	19.47%	24.16%	19.21%	19.07%	18.51%	18.36%
EBIT Margin	19.42%	21.28%	20.51%	20.28%	21.07%	24.16%	21.01%	20.51%	19.79%	19.58%
Profit (Net Income) Margin	14.81%	16.77%	15.81%	17.28%	16.86%	16.86%	16.90%	15.35%	15.71%	16.08%
Tax Burden Percent	76.39%	79.13%	79.38%	85.75%	80.31%	84.72%	83.76%	75.14%	79.71%	79.88%
Interest Burden Percent	99.86%	99.56%	97.12%	99.37%	99.66%	82.35%	95.99%	99.58%	99.57%	102.79%
Effective Tax Rate	23.61%	20.87%	20.62%	14.25%	19.69%	15.28%	16.24%	24.86%	20.29%	20.12%
Return on Invested Capital (ROIC)	73.57%	63.98%	79.33%	69.20%	48.48%	68.10%	73.55%	59.08%	44.21%	68.32%
ROIC Less NNEP Spread (ROIC-NNEP)	72.80%	64.39%	78.07%	66.97%	41.77%	76.28%	72.60%	57.54%	41.12%	66.34%
Return on Net Nonoperating Assets (RNNOA)	-25.50%	-9.57%	-31.54%	-23.36%	-5.40%	-20.83%	-35.07%	-24.03%	-8.26%	-31.38%
Return on Equity (ROE)	48.07%	54.41%	47.78%	45.84%	43.08%	47.27%	38.48%	35.04%	35.95%	36.94%
Cash Return on Invested Capital (CROIC)	61.11%	-2.29%	85.16%	66.37%	-14.37%	111.79%	52.96%	55.59%	91.34%	52.04%
Operating Return on Assets (OROA)	34.90%	38.98%	35.88%	35.12%	35.10%	37.51%	32.23%	32.19%	31.12%	31.74%
Return on Assets (ROA)	26.62%	30.71%	27.66%	29.92%	28.09%	26.17%	25.91%	24.09%	24.70%	26.06%
Return on Common Equity (ROCE)	48.07%	54.41%	47.78%	45.84%	43.08%	47.27%	38.48%	35.04%	35.95%	36.94%
Return on Equity Simple (ROE_SIMPLE)	52.04%	0.00%	42.75%	38.87%	39.22%	0.00%	37.79%	39.63%	38.27%	0.00%
Net Operating Profit after Tax (NOPAT)	403	457	328	376	402	498	376	374	403	417
NOPAT Margin	14.52%	16.84%	15.04%	16.09%	15.63%	20.47%	16.09%	14.33%	14.75%	14.67%
Net Nonoperating Expense Percent (NNEP)	0.77%	-0.41%	1.26%	2.23%	6.72%	-8.18%	0.95%	1.53%	3.09%	1.98%
Return On Investment Capital (ROIC_SIMPLE)	-	10.33%	-	-	-	9.44%	-	-	-	8.15%
Cost of Revenue to Revenue	75.35%	73.51%	73.82%	73.91%	74.04%	74.53%	73.98%	74.55%	75.05%	74.70%
SG&A Expenses to Revenue	5.53%	6.02%	7.63%	7.33%	6.49%	7.22%	7.54%	6.38%	6.44%	6.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.53%	6.11%	7.63%	7.33%	6.49%	0.95%	7.54%	6.38%	6.44%	6.35%
Earnings before Interest and Taxes (EBIT)	539	577	447	474	541	588	490	536	541	557
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	544	581	451	478	545	592	495	540	546	562
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.24	4.20	4.71	4.96	4.67	5.10	5.93	5.75	7.07	5.95
Price to Tangible Book Value (P/TBV)	4.31	4.26	4.77	5.02	4.72	5.16	5.99	5.82	7.15	6.02
Price to Revenue (P/Rev)	1.30	1.40	1.75	2.06	1.99	2.34	2.66	2.39	2.99	2.38
Price to Earnings (P/E)	8.15	8.54	11.01	12.77	11.90	13.98	15.69	14.51	18.47	14.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	12.27%	11.71%	9.08%	7.83%	8.41%	7.15%	6.37%	6.89%	5.41%	6.71%
Enterprise Value to Invested Capital (EV/IC)	5.59	3.59	8.50	8.13	4.22	9.67	10.18	8.80	10.96	9.49
Enterprise Value to Revenue (EV/Rev)	1.21	1.25	1.57	1.88	1.78	2.10	2.45	2.23	2.83	2.21
Enterprise Value to EBITDA (EV/EBITDA)	5.74	5.71	7.99	9.86	9.31	10.20	11.66	10.56	13.63	10.88
Enterprise Value to EBIT (EV/EBIT)	5.79	5.76	8.06	9.95	9.40	10.29	11.76	10.65	13.75	10.97
Enterprise Value to NOPAT (EV/NOPAT)	7.59	7.66	10.40	12.44	11.60	12.46	15.30	14.30	18.44	14.84
Enterprise Value to Operating Cash Flow (EV/OCF)	9.28	7.02	8.61	10.63	9.60	13.32	17.86	14.45	23.19	16.96
Enterprise Value to Free Cash Flow (EV/FCFF)	10.06	0.00	9.69	12.16	0.00	6.24	21.18	16.51	9.28	19.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.26	0.24	0.22	0.22	0.21	0.21	0.22	0.21	0.22
Long-Term Debt to Equity	0.30	0.26	0.24	0.22	0.22	0.21	0.21	0.22	0.21	0.22
Financial Leverage	-0.35	-0.15	-0.40	-0.35	-0.13	-0.27	-0.48	-0.42	-0.20	-0.47
Leverage Ratio	1.83	1.77	1.80	1.62	1.62	1.56	1.54	1.53	1.52	1.51
Compound Leverage Factor	1.83	1.76	1.74	1.61	1.62	1.28	1.48	1.52	1.52	1.56
Debt to Total Capital	22.88%	20.69%	19.21%	18.04%	17.96%	17.30%	17.36%	18.08%	17.59%	17.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	22.88%	20.69%	19.21%	18.04%	17.96%	17.30%	17.36%	18.08%	17.59%	17.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.12%	79.31%	80.79%	81.96%	82.04%	82.70%	82.64%	81.92%	82.41%	82.21%
Debt to EBITDA	0.43	0.40	0.45	0.48	0.49	0.47	0.45	0.43	0.43	0.43
Net Debt to EBITDA	-0.43	-0.70	-0.96	-0.97	-1.06	-1.18	-0.99	-0.77	-0.76	-0.82
Long-Term Debt to EBITDA	0.43	0.40	0.45	0.48	0.49	0.47	0.45	0.43	0.43	0.43
Debt to NOPAT	0.57	0.53	0.59	0.61	0.61	0.57	0.59	0.59	0.59	0.58
Net Debt to NOPAT	-0.56	-0.94	-1.25	-1.22	-1.32	-1.44	-1.30	-1.04	-1.03	-1.12
Long-Term Debt to NOPAT	0.57	0.53	0.59	0.61	0.61	0.57	0.59	0.59	0.59	0.58
Altman Z-Score	9.23	9.96	10.30	10.90	10.75	10.97	12.50	11.51	13.47	12.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.35	5.20	3.90	3.86	5.98	3.68	6.12	2.91	3.02	3.29
Quick Ratio	1.94	3.05	2.32	3.74	3.56	3.59	3.50	2.81	3.02	3.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.92	-1,321	441	411	-1,559	2,096	-55	167	1,934	23
Operating Cash Flow to CapEx	20,096.22%	13,018.88%	12,471.23%	416.95%	9,536.05%	8,003.00%	2,175.23%	3,736.22%	4,528.66%	12,028.89%
Free Cash Flow to Firm to Interest Expense	1.38	-191.53	60.79	60.46	-226.07	308.61	-8.12	24.14	274.52	3.30
Operating Cash Flow to Interest Expense	84.10	118.45	43.47	4.22	95.43	72.99	21.46	33.73	50.85	90.84
Operating Cash Flow Less CapEx to Interest Expense	83.68	117.54	43.12	3.21	94.43	72.08	20.47	32.83	49.72	90.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.80	1.83	1.75	1.73	1.67	1.55	1.53	1.57	1.57	1.62
Accounts Receivable Turnover	394.66	534.42	441.50	358.86	314.76	381.94	324.54	319.61	291.22	341.58
Inventory Turnover	3.63	4.10	3.75	6.18	3.47	7.78	3.60	304.38	0.00	297.39
Fixed Asset Turnover	169.62	172.36	171.97	162.55	157.83	144.68	148.35	133.94	127.99	121.63
Accounts Payable Turnover	16.70	19.56	17.34	16.46	15.44	16.20	16.46	16.03	17.17	18.23
Days Sales Outstanding (DSO)	0.92	0.68	0.83	1.02	1.16	0.96	1.12	1.14	1.25	1.07
Days Inventory Outstanding (DIO)	100.65	88.98	97.23	59.04	105.34	46.90	101.38	1.20	0.00	1.23
Days Payable Outstanding (DPO)	21.86	18.66	21.05	22.18	23.64	22.53	22.17	22.76	21.25	20.03
Cash Conversion Cycle (CCC)	79.72	71.00	77.01	37.88	82.86	25.32	80.33	-20.42	-20.00	-17.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,179	3,660	1,901	2,309	4,140	2,062	2,332	2,517	2,609	2,457
Invested Capital Turnover	5.07	3.80	5.27	4.30	3.10	3.33	4.57	4.12	3.00	4.66
Increase / (Decrease) in Invested Capital	393	1,778	-114	-35	1,961	-1,598	431	208	-1,531	394
Enterprise Value (EV)	12,182	13,133	16,162	18,776	17,471	19,952	23,738	22,153	28,597	23,306
Market Capitalization	13,088	14,741	18,106	20,620	19,466	22,255	25,750	23,770	30,197	25,059
Book Value per Share	$939.74	$1,097.33	$1,183.42	$1,279.13	$1,278.24	$1,372.97	$1,363.73	$1,319.74	$1,387.85	$1,374.10
Tangible Book Value per Share	$924.83	$1,082.02	$1,168.36	$1,264.06	$1,263.25	$1,357.58	$1,348.37	$1,304.12	$1,371.96	$1,358.13
Total Capital	4,000	4,422	4,760	5,067	5,086	5,278	5,257	5,046	5,183	5,121
Total Debt	915	915	914	914	913	913	913	912	912	911
Total Long-Term Debt	915	915	914	914	913	913	913	912	912	911
Net Debt	-906	-1,608	-1,944	-1,844	-1,995	-2,302	-2,012	-1,617	-1,599	-1,754
Capital Expenditures (CapEx)	3.01	6.28	2.53	6.88	6.90	6.19	6.73	6.23	7.91	5.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,276	976	672	-679	1,211	-835	1,324	-829	-808	-766
Debt-free Net Working Capital (DFNWC)	3,097	3,499	3,531	2,079	4,120	2,380	4,248	1,700	1,703	1,899
Net Working Capital (NWC)	3,097	3,499	3,531	2,079	4,120	2,380	4,248	1,700	1,703	1,899
Net Nonoperating Expense (NNE)	-8.20	2.00	-17	-28	-32	88	-19	-27	-26	-40
Net Nonoperating Obligations (NNO)	-906	153	-1,944	-1,844	-33	-2,302	-2,012	-1,617	-1,663	-1,754
Total Depreciation and Amortization (D&A)	4.25	4.16	4.19	4.22	4.18	4.33	4.38	4.36	4.69	4.95
Debt-free, Cash-free Net Working Capital to Revenue	12.70%	9.28%	6.51%	-6.78%	12.36%	-8.78%	13.68%	-8.34%	-7.99%	-7.28%
Debt-free Net Working Capital to Revenue	30.83%	33.24%	34.19%	20.78%	42.05%	25.01%	43.92%	17.09%	16.84%	18.04%
Net Working Capital to Revenue	30.83%	33.24%	34.19%	20.78%	42.05%	25.01%	43.92%	17.09%	16.84%	18.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$125.97	$141.52	$106.31	$123.84	$132.92	$128.45	$123.76	$128.21	$139.65	$149.26
Adjusted Weighted Average Basic Shares Outstanding	3.27M	3.29M	3.24M	3.26M	3.26M	3.24M	3.19M	3.13M	3.07M	3.11M
Adjusted Diluted Earnings per Share	$118.51	$133.10	$99.89	$116.54	$125.26	$121.62	$116.41	$120.69	$130.50	$139.09
Adjusted Weighted Average Diluted Shares Outstanding	3.47M	3.51M	3.45M	3.47M	3.46M	3.44M	3.39M	3.32M	3.29M	3.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.20M	6.50M	3.25M	3.26M	3.18M	6.37M	3.13M	3.08M	3.06M	2.99M
Normalized Net Operating Profit after Tax (NOPAT)	403	457	328	376	402	498	376	374	403	417
Normalized NOPAT Margin	14.52%	16.84%	15.04%	16.09%	15.63%	20.47%	16.09%	14.33%	14.75%	14.67%
Pre Tax Income Margin	19.39%	21.19%	19.92%	20.15%	20.99%	19.90%	20.17%	20.42%	19.71%	20.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	74.88	83.67	61.54	69.78	78.48	86.56	71.84	77.67	76.77	79.44
NOPAT to Interest Expense	55.98	66.21	45.14	55.37	58.24	73.33	55.02	54.27	57.22	59.51
EBIT Less CapEx to Interest Expense	74.46	82.76	61.20	68.77	77.48	85.64	70.85	76.77	75.65	78.68
NOPAT Less CapEx to Interest Expense	55.57	65.30	44.79	54.36	57.24	72.42	54.03	53.37	56.09	58.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	110.21%	86.95%	52.42%	49.29%	55.71%	67.97%	89.47%	116.37%	108.88%	122.34%

Frequently Asked Questions About NVR's Financials

When does NVR's financial year end?

According to the most recent income statement we have on file, NVR's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has NVR's net income changed over the last 9 years?

NVR's net income appears to be on an upward trend, with a most recent value of $1.68 billion in 2024, rising from $382.93 million in 2015. The previous period was $1.59 billion in 2023.

What is NVR's operating income?

NVR's total operating income in 2024 was $1.97 billion, based on the following breakdown:

Total Gross Profit: $2.67 billion
Total Operating Expenses: $699.10 million

How has NVR revenue changed over the last 9 years?

Over the last 9 years, NVR's total revenue changed from $5.16 billion in 2015 to $10.52 billion in 2024, a change of 104.0%.

How much debt does NVR have?

NVR's total liabilities were at $2.17 billion at the end of 2024, a 3.0% decrease from 2023, and a 70.6% increase since 2015.

How much cash does NVR have?

In the past 9 years, NVR's cash and equivalents has ranged from $395.41 million in 2016 to $3.16 billion in 2023, and is currently $2.61 billion as of their latest financial filing in 2024.

How has NVR's book value per share changed over the last 9 years?

Over the last 9 years, NVR's book value per share changed from 316.70 in 2015 to 1,374.10 in 2024, a change of 333.9%.

Related Companies

This page (NYSE:NVR) was last updated on 4/28/2025 by MarketBeat.com Staff

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NVR (NVR) Financials

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NVR (NVR) Financials

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