NVRMEDIUM SIGNALFINANCIAL10-K

NVR shows mixed performance with a significant cash buildup (+142%) offset by declining profitability and operational metrics, while expanding market presence.

The substantial increase in cash reserves suggests either strategic preparation for opportunities or challenges in deploying capital effectively in the current market environment. The decline in net income and operating cash flow, combined with reduced share buybacks, indicates potential headwinds in the homebuilding sector that may be affecting margins and operational efficiency.

Comparing 2026-02-11 vs 2025-02-12View on EDGAR →
FINANCIAL ANALYSIS

NVR's financial profile shows a tale of two narratives - cash and equivalents surged dramatically by 142% to $2.8B, providing significant financial flexibility, while core operational performance declined with net income falling 20% to $1.3B and operating cash flow dropping 18% to $1.1B. The company reduced share buybacks by 11% to $1.8B, suggesting a more conservative capital allocation approach. This combination of strong liquidity but weaker operational metrics indicates NVR may be weathering challenging market conditions while positioning itself for future opportunities.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+142.1%
$1.2B→$2.8B

Cash position surged 142.1% — strong cash generation or capital raise providing significant financial cushion.

Net Income
P&L
-20.3%
$1.7B→$1.3B

Net income declined 20.3% — review whether driven by operations, interest costs, or non-recurring items.

Operating Cash Flow
Cash Flow
-18.4%
$1.4B→$1.1B

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

Share Buybacks
Cash Flow
-10.9%
$2.1B→$1.8B

Buyback activity reduced 10.9% — capital being redeployed elsewhere or cash conservation underway.

LANGUAGE CHANGES
NEW — 2026-02-11
PRIOR — 2025-02-12
ADDED
s most recently completed second fiscal quarter, was approximately $ 20,284,815,000 .
As of February 9, 2026 there were 2,793,760 total shares of common stock outstanding.
We operate in thirty-seven metropolitan areas in sixteen states, and Washington, D.C.
Once we acquire control of raw ground, we generally sell the raw parcel to a developer and enter into an LPA with the developer to purchase the finished lots or, on a limited basis, hire a developer to develop the land on our behalf.
Our homes combine traditional, transitional, cottage or urban exterior designs with contemporary interior designs and amenities, generally include two to five bedrooms and range from approximately 900 to 7,000 finished square feet.
+7 more — sign up free →
REMOVED
s most recently completed second fiscal quarter, was approximately $ 22,402,443,000 .
As of February 10, 2025 there were 2,990,451 total shares of common stock outstanding.
We operate in thirty-six metropolitan areas in sixteen states, and Washington, D.C.
Our homes combine traditional, transitional, cottage or urban exterior designs with contemporary interior designs and amenities, generally include two to four bedrooms and range from approximately 1,000 to 9,000 finished square feet.
During 2024, the prices at which we settled homes ranged from approximately $190,000 to $2.3 million.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →