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NVRNVR, Inc.

Consumer discretionary · Homebuilders · NYSE

NVR, Inc., a Virginia corporation, was formed in 1980 as NVHomes, Inc. 10-K, Item 1

Headquarters
Reston, VA
CEO
Eugene James Bredow
Next results
around Jan 27, 2027
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The biggest changes in the 10-K filed 2026-02-11, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

-20.3% Big change FY to 2025-12-31 vs 2024-12-31

“The increase in the effective tax rate is primarily attributable to a lower income tax benefit recognized for excess tax benefits from stock option exercises, which totaled approximately $28,300 and $95,100 for 2025 and 2024, respectively.”

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Cash from operations

-18.4% Big change FY to 2025-12-31 vs 2024-12-31

“Net cash provided by operating activities was $1,121,320, due primarily to cash provided by earnings in 2025, and a decrease in inventory of $335,147 attributable to a decrease in units under construction year over year.”

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Revenue

-1.9% FY to 2025-12-31 vs 2024-12-31

“Homebuilding revenues decreased 2% in 2025 compared to 2024, as a result of a 4% decrease in the number of units settled.”

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“Segment revenues were favorably impacted by a 9% increase in the average settlement price year over year, offset by a 5% decrease in the number of units settled.”

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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

Work on NVR in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/NVR/export.csv") into a cell.