NVR INC

10-K & 10-Q Filings

NVR, Inc. is a Virginia corporation formed in 1980, primarily engaged in the construction and sale of single-family detached homes, townhomes, and condominium buildings. The company operates in thirty-six metropolitan areas in fifteen states and Washington, D.C., under the trade names Ryan Homes, NVHomes, and Heartland Homes. NVR's homebuilding operations focus on obtaining and maintaining a leading market position in each market it serves, minimizing the adverse effects of regional economic cycles, and providing a variety of mortgage-related services through its mortgage banking operations. The company's mortgage banking operations, operated primarily through a wholly owned subsidiary, NVR Mortgage Finance, Inc. (NVRM), originate mortgage loans almost exclusively for its homebuilding customers and generate revenues from origination fees, gains on sales of loans, and title fees. NVR's website is www.nvrinc.com, and its ticker symbol is NVR.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2669.15
3193.20
4220.91
8758.69
5075.75
5721.26
6322.27
7163.67
7388.66
7536.92
8951.02
10526.43
9518.20
2178.28
2333.46
11.18%7.12%Cost of Revenue (-)
$2165.63
2575.64
3424.20
3568.59
4118.78
4707.86
4990.38
5692.13
5849.86
5937.40
6763.11
7662.27
7051.20
1607.91
1726.21
10.34%7.36%Gross Profit (+)
$503.53
617.57
796.70
5190.10
956.97
1013.40
1331.90
1471.55
1538.80
1599.52
2187.91
2864.16
2467.00
570.37
607.25
14.16%6.47%Selling, General & Administrative (-)
$294.52
334.96
355.62
407.87
424.01
443.32
460.80
512.71
527.40
509.73
563.43
625.30
680.04
166.25
175.86
7.22%5.78%Operating Expenses (-)
$294.52
334.96
355.62
407.87
424.01
443.32
460.80
512.71
527.40
622.10
717.58
625.30
680.04
166.25
175.86
7.22%5.78%Costs & Expenses (Total) (-)
$2460.14
2910.60
3779.83
3976.45
4542.79
5151.18
5451.18
6204.84
6377.27
6559.51
7480.70
8287.57
7731.24
1774.16
1902.07
10.01%7.21%Operating Income/Loss (+)
$185.60
247.91
401.21
450.48
578.25
621.72
799.41
895.14
948.21
977.42
1470.33
2169.18
1822.45
412.75
448.33
20.97%8.62%Interest Expense (-)
$1.89
7.53
22.39
23.14
23.56
21.71
24.18
25.08
25.38
40.87
53.12
39.52
27.74
7.26
6.83
25.08%-5.95%Earnings before Tax (+)
$183.71
240.38
378.82
427.34
554.69
600.02
775.22
870.06
922.83
936.55
1417.21
2129.66
1794.71
405.49
441.50
20.92%8.88%Tax Expense (-)
$78.16
94.49
152.22
171.92
220.28
236.44
309.39
162.53
147.26
176.78
353.68
527.62
336.76
89.46
76.42
12.94%-14.57%Income/Loss (Continuing Operations) (+)
$105.56
145.89
226.61
255.42
334.40
363.58
465.83
707.53
775.58
759.76
1063.53
1602.04
1457.95
316.03
365.08
24.46%15.52%Net Income/Loss (+)
$129.42
180.59
266.48
281.63
382.93
425.26
537.52
797.20
878.54
901.25
1236.72
1725.58
1591.61
344.35
394.27
23.26%14.50%Net Income/Loss (Common) (+)
$129.42
180.59
266.48
281.63
382.93
425.26
537.52
797.20
878.54
901.25
1236.72
1725.58
1591.61
344.35
394.27
23.26%14.50%EPS (Basic)
$23.66
36.04
56.25
65.83
95.21
110.53
144.00
219.58
241.31
244.11
345.37
525.20
491.52
106.31
123.76
28.76%16.41%EPS (Diluted)
$23.01
35.12
54.81
63.50
89.99
103.61
126.77
194.80
221.13
230.11
320.48
491.82
463.31
99.89
116.41
28.43%16.54%Weighted Avg Shares (Basic)
5.47
5.01
4.74
4.28
4.02
3.85
3.73
3.63
3.64
3.69
3.58
3.29
3.24
3.24
3.19
-4.27%-1.64%Weighted Avg Shares (Diluted)
5.62
5.14
4.86
4.43
4.25
4.10
4.24
4.09
3.97
3.92
3.86
3.51
3.44
3.45
3.39
-4.02%-1.75%Cash
$480.79
1153.51
866.25
545.42
425.32
396.62
667.86
732.25
1160.52
2809.78
2636.72
2574.27
3215.44
2858.59
2924.79
17.16%2.32%Receivables
$6.79
10.02
11.48
18.55
20.84
29.00
23.31
36.31
12.86%55.77%Inventory
$455.11
835.80
945.91
1935.22
1761.17
1913.25
12.71%Other Assets (Current)
$78.05
239.35
380.16
492.13
314.34
343.91
259.45
820.91
941.92
10.53%14.74%Assets (Current)
$1020.73
1153.51
866.25
1630.59
1762.88
396.62
667.86
732.25
1632.43
2809.78
4841.58
4648.76
5364.60
5481.71
5905.36
14.83%7.73%Property, Plant & Equipment (Net)
$24.94
29.48
37.30
52.43
49.96
50.82
49.52
48.74
135.26
127.88
129.41
148.60
163.99
149.84
96.16
16.99%-35.82%Goodwill & Intangibles
$
9.22
48.93
48.93
48.93
48.93
48.93
48.93
0.00%Other Assets
$734.28
1412.63
1582.60
668.79
703.28
2196.51
2271.90
2384.94
725.54
2790.55
751.32
763.25
971.69
334.25
368.97
2.36%10.39%Assets (Non-current)
$759.21
1451.34
1619.89
721.23
753.24
2247.32
2321.42
2433.68
860.80
2967.36
929.65
960.78
1184.60
536.36
577.16
3.78%7.61%Assets (Total)
$1779.48
2604.84
2486.15
2351.34
2515.13
2643.94
2989.28
3165.93
3809.82
5777.14
5834.48
5660.97
6601.76
6075.90
6538.16
11.54%7.61%Accounts Payable
$309.46
418.94
519.69
519.48
564.65
619.93
636.69
621.44
653.01
1084.02
1241.28
1146.45
1222.73
1216.67
1185.13
12.13%-2.59%Debt (Current)
$
Debt (Non-current)
$1.61
598.99
599.08
599.17
599.26
596.46
597.07
597.68
598.30
1590.05
1516.26
914.89
913.03
914.43
912.55
69.59%-0.20%Other Liabilities
$119.19
131.77
123.77
125.77
129.39
140.49
167.42
155.18
234.17
89.37
91.28
109.50
117.98
116.17
112.80
-0.09%-2.90%Liabilities (Non-current)
$120.81
730.76
722.85
724.94
728.65
736.95
764.48
752.86
832.48
1606.76
1607.53
1024.38
1031.01
1030.59
1025.35
19.56%-0.51%Liabilities (Total)
$404.69
1124.37
1224.80
1227.08
1275.97
1339.50
1383.79
1357.37
1468.57
2674.07
2832.10
2154.12
2237.03
2230.56
2193.78
15.31%-1.65%Treasury Stock
$3856.68
4028.51
4556.46
5088.63
5478.95
5906.97
6270.85
7043.20
7624.24
7922.68
9423.86
10866.78
11849.03
10949.27
12320.83
9.81%12.53%Retained Earnings
$4158.49
4339.08
4605.56
4887.19
5270.11
5695.38
6231.94
7031.33
7909.87
8811.12
10047.84
11773.41
13365.02
12117.77
13759.29
10.22%13.55%Shareholder's Equity
$1374.80
1480.48
1261.35
1124.26
1239.16
1304.44
1605.49
1808.56
2341.24
3103.07
3002.38
3506.85
4364.73
3845.35
4344.38
10.11%12.98%Liabilities & Equity
$1779.48
2604.84
2486.15
2351.34
2515.13
2643.94
2989.28
3165.93
3809.82
5777.14
5834.48
5660.97
6601.76
6075.90
6538.16
11.54%7.61%Net Income/Loss
$129.42
180.59
266.48
281.63
382.93
425.26
537.52
797.20
878.54
901.25
1236.72
1725.58
1591.61
344.35
394.27
23.26%14.50%Depreciation & Amortization
$6.67
8.10
13.39
17.61
21.53
22.27
22.67
20.17
20.82
21.99
19.46
17.40
16.92
4.19
4.38
8.06%4.61%Increase/Decrease in Working Capital
$178.74
-58.15
-49.44
124.72
165.80
6.77
2.99
63.90
-10.33
-126.64
-177.80
-144.62
19.89
-2.80
225.59
-16.72%8156.96%Share-based Compensation
$64.47
64.84
34.30
63.23
54.09
43.60
44.56
75.70
78.53
50.79
58.23
82.54
99.51
22.28
17.14
3.68%-23.06%Adjustments to Reconcile Net Income
$-127.96
83.80
3.75
-97.08
-179.54
-40.80
31.38
-74.07
-12.00
24.02
5.67
144.53
-93.62
-28.83
-247.81
-759.56%Net Cash (Operating)
$1.46
264.38
270.22
184.55
203.39
384.46
568.90
723.13
866.53
925.27
1242.39
1870.10
1497.99
315.52
146.46
78.18%-53.58%Capital Expenditure
$72.52
27.30
41.26
30.65
19.51
22.02
23.22
18.69
21.53
15.56
18.18
27.43
24.28
3.09
6.73
-8.71%117.54%Net Cash (Investing)
$-61.87
-22.61
-34.48
-19.08
-1.02
-9.43
-16.02
-8.18
-13.28
-3.93
-18.18
-27.43
-24.10
-2.92
-6.73
-130.98%Increase/Decrease in Debt
$-2.61
576.64
-1.85
-3.42
922.92
-1.36
-601.50
-1.66
-0.40
-0.46
-15.50%Increase/Decrease in Equity
$-689.30
-232.38
-554.49
-567.54
-431.37
-455.35
-422.17
-672.02
-424.39
-195.27
-1395.65
-1303.64
-831.31
-28.13
-429.91
-1428.20%Interest Expenses
$2.00
1.04
24.88
24.46
24.55
20.92
23.25
24.18
24.45
36.80
53.68
47.50
29.20
0.86
0.42
25.04%-50.99%Net Cash (Financing)
$-652.55
430.94
-523.00
-486.30
-322.47
-403.73
-281.64
-672.26
-424.69
727.64
-1397.01
-1905.14
-832.97
-28.53
-430.38
-1408.40%Cash Taxes Paid
$49.76
59.60
113.22
181.84
194.67
218.98
260.23
181.17
153.91
163.08
389.38
529.82
407.19
5.42
6.89
19.14%27.07%Increase/Decrease in Cash
$-712.96
672.71
-287.25
-320.83
-120.10
-28.70
271.24
42.69
428.56
1648.98
-172.80
-62.47
640.93
284.07
-290.65
-202.31%Cash (Beginning)
$1193.75
480.79
1153.51
866.25
545.42
425.32
396.62
689.56
1160.80
2809.78
2636.98
2574.52
2574.52
3215.44
6.61%24.89%Cash (Ending)
$480.79
1153.51
866.25
545.42
425.32
396.62
667.86
732.25
2809.78
2636.98
2574.52
3215.44
2858.59
2924.79
17.16%2.32%NOPAT
$135.33
186.44
281.30
258.79
375.31
394.82
531.06
708.75
790.07
807.23
1066.35
1629.53
1408.98
407.23
441.33
21.56%8.37%Gross Margin %
18.86%
19.34%
18.88%
59.26%
18.85%
17.71%
21.07%
20.54%
20.83%
21.22%
24.44%
27.21%
25.92%
26.18%
26.02%
Operating Margin %
6.95%
7.76%
9.51%
5.14%
11.39%
10.87%
12.64%
12.50%
12.83%
12.97%
16.43%
20.61%
19.15%
18.95%
19.21%
NOPAT Margin %
5.07%
5.84%
6.66%
2.95%
7.39%
6.90%
8.40%
9.89%
10.69%
10.71%
11.91%
15.48%
14.80%
18.70%
18.91%
Net Margin %
4.85%
5.66%
6.31%
3.22%
7.54%
7.43%
8.50%
11.13%
11.89%
11.96%
13.82%
16.39%
16.72%
15.81%
16.90%
Tax Rate %
27.09%
24.80%
29.89%
42.55%
35.10%
36.50%
33.57%
20.82%
16.68%
17.41%
27.48%
24.88%
22.69%
1.34%
1.56%
ROA
7.60%
7.16%
11.31%
11.01%
14.92%
14.93%
17.77%
22.39%
20.74%
13.97%
18.28%
28.79%
21.34%
6.70%
6.75%
ROE
9.84%
12.59%
22.30%
23.02%
30.29%
30.27%
33.08%
39.19%
33.75%
26.01%
35.52%
46.47%
32.28%
10.59%
10.16%
ROIC
30.46%
481.75%
754.18%
28.00%
43.24%
776.92%
1072.45%
1454.03%
584.12%
456.56%
59.71%
86.41%
74.78%
Asset Turnover
1.50
1.23
1.70
3.72
2.02
2.16
2.11
2.26
1.94
1.30
1.53
1.86
1.44
0.36
0.36
Inventory Turnover
4.76
4.27
4.35
3.49
4.35
3.69
Equity Multiplier
1.29
1.76
1.97
2.09
2.03
2.03
1.86
1.75
1.63
1.86
1.94
1.61
1.51
1.58
1.50
Current Ratio
3.30
2.75
1.67
3.14
3.12
0.64
1.05
1.18
2.53
2.59
3.95
4.10
4.43
3.04
3.29
Quick Ratio
1.58
2.75
1.67
1.07
0.77
0.64
1.05
1.18
1.78
2.59
2.14
2.26
2.65
2.37
2.50
Debt/Equity Ratio
0.00
0.40
0.47
0.53
0.48
0.46
0.37
0.33
0.26
0.51
0.51
0.26
0.21
0.24
0.21
Interest Coverage Ratio
92.80
238.14
16.13
18.41
23.56
29.72
34.38
37.02
38.78
26.56
27.39
45.67
62.41
480.50
1064.91
Working Capital/Sales
0.16
0.10
0.16
0.18
0.16
0.18
-0.45
-0.39
Total Payout
$693.91
-343.22
581.22
595.42
455.91
476.27
445.42
696.20
448.84
-690.84
1450.69
1952.64
862.17
29.39
430.80
1.83%1365.74%Payout Ratio %
512.76%
-184.10%
206.62%
230.08%
121.48%
120.63%
83.87%
98.23%
56.81%
-85.58%
136.04%
119.83%
61.19%
7.22%
97.61%