Feed / NVR

NVR, Inc.

NVR

Consumer Cyclical · 6,169.66 +1.2% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

NVR, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company+1.2% todayVolume comparison unavailable
Market group0 of 41 activeHomebuilding & Building Products · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • New orders were lower as sales absorption fell 16%, despite a 9% increase in the average number of active communities.
  • NVR reported pricing pressure tied to affordability challenges, alongside higher lot costs weighing on gross profit margins.

Invalidation: The isolated read changes if NVR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Residential Construction

No new filing conclusion is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • New orders were lower as sales absorption fell 16%, despite a 9% increase in the average number of active communities.
  • NVR reported pricing pressure tied to affordability challenges, alongside higher lot costs weighing on gross profit margins.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements194
Verified relationships0
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -1.9% year over year.
  • Net margin changed -3.0 percentage points in the latest annual period.
  • Demand and volume has repeated adverse evidence across 5 filings.
  • Pricing and mix has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 32% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 112% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

6,169.66
6m-4.2%12m-26.0%24m-32.0%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$9.0B+18.8%$320.48-1.5%
2022-12-31$10.5B+17.6%$491.82-9.1%
2023-12-31$9.5B-9.6%$463.31-2.1%
2024-12-31$10.5B+10.6%$506.69-3.4%
2025-12-31$10.3B-1.9%$436.55-7.5%

What management says matters

Persistent and emerging business drivers

Demand and volumenegative · 5 filings
New Orders were favorably impacted by a 7% higher 30 Table of Contents sales absorption rate, attributable to better product positioning in certain markets in the current year, coupled with a 4% increase in the average number of active communities within the…
10-Q · Aug 5, 2026
Pricing and mixnegative · 5 filings
Gross profit margins were negatively impacted by higher lot costs and pricing pressure due to continued affordability challenges year over year.
10-Q · Aug 5, 2026
Restructuring and cost reductionsnegative · 4 filings
Gross profit margins were negatively impacted by higher lot costs and an increase in lot deposit impairment charges quarter over quarter.
10-Q · May 6, 2026
Legal and regulatory exposuremixed · 1 filings
The rate at which we turn over our backlog is impacted by various factors, including, but not limited to, changes in New Order activity, internal production capacity, external subcontractor capacity, building material availability, regulatory approvals and ot…
10-Q · May 6, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.8× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

6,169.66+1.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NVR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NVR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NVR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NVR is currently a Follower in the organic co-movement group Homebuilding & Building Products. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.