financial statements
The full income statement, balance sheet, and cash-flow statement for NVR Inc. (NVR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 10.3B YoY-1.9% | 10.5B YoY+10.6% | 9.52B YoY-9.6% | 10.5B YoY+17.6% | 8.95B YoY+18.8% | |
| Interest expense | — | 27.8M YoY+0.2% | 27.7M YoY-29.8% | 39.5M YoY-25.6% | 53.1M YoY+30.0% | |
| Income tax | 422M YoY-2.6% | 434M YoY+28.7% | 337M YoY-36.2% | 528M YoY+49.2% | 354M YoY+100.1% | |
| Net income | 1.34B YoY-20.3% | 1.68B YoY+5.7% | 1.59B YoY-7.8% | 1.73B YoY+39.5% | 1.24B YoY+37.2% | |
$436.55 YoY-13.8% | $506.69 YoY+9.4% | $463.31 YoY-5.8% | $491.82 YoY+53.5% | $320.48 YoY+39.3% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.96B YoY-26.6% | 2.66B YoY-17.1% | 3.22B YoY+24.9% | 2.57B YoY-2.4% | 2.64B YoY-6.1% | |
5.86B YoY-8.2% | 6.38B YoY-3.3% | 6.60B YoY+16.6% | 5.66B YoY-3.0% | 5.83B YoY+1.0% | ||
1.99B YoY-8.2% | 2.17B YoY-3.0% | 2.24B YoY+3.8% | 2.15B YoY-23.9% | 2.83B YoY+5.9% | ||
3.86B YoY-8.2% | 4.21B YoY-3.5% | 4.36B YoY+24.5% | 3.51B YoY+16.8% | 3.00B YoY-3.2% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
1.12B YoY-18.4% | 1.37B YoY-8.2% | 1.50B YoY-19.9% | 1.87B YoY+50.5% | 1.24B YoY+34.3% | ||
-71.2M YoY-168.2% | -26.6M YoY-10.2% | -24.1M YoY+12.1% | -27.4M YoY-50.9% | -18.2M YoY-362.2% | ||
-1.76B YoY+7.4% | -1.90B YoY-127.9% | -833M YoY+56.3% | -1.91B YoY-36.4% | -1.40B YoY-292.0% | ||
| Net change in cash | -708M YoY-28.5% | -551M YoY-185.9% | 641M YoY+1126.0% | -62.5M YoY+63.9% | -173M YoY-110.5% | |
| Interest paid | 29.9M YoY+2.4% | 29.2M YoY+0.0% | 29.2M YoY-38.5% | 47.5M YoY-11.5% | 53.7M YoY+45.8% | |
| Income taxes paid | 439M YoY+7.1% | 410M YoY+0.7% | 407M YoY-23.1% | 530M YoY+36.1% | 389M YoY+138.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 20.7B YoY-17.4% | 25.1B YoY+12.6% | 22.3B YoY+51.0% | 14.7B YoY-28.4% | 20.6B YoY+35.6% | |
| P/E | 15.5× YoY+3.7% | 14.9× YoY+6.7% | 14.0× YoY+48.1% | 9.4× YoY-43.3% | 16.6× YoY-1.2% | |
| P/S | 2.0× YoY-15.8% | 2.4× YoY+2.1% | 2.3× YoY+54.7% | 1.5× YoY-34.4% | 2.3× YoY+14.2% | |
| P/B | 5.4× YoY-10.0% | 6.0× YoY+8.7% | 5.5× YoY+11.6% | 4.9× YoY-28.4% | 6.9× YoY+40.1% | |
| P/FCF | 18.9× YoY+1.4% | 18.6× YoY+46.3% | 12.7× YoY+8.9% | 11.7× YoY-30.4% | 16.8× YoY+0.7% | |
| Earnings yield | 6.5% YoY-3.6% | 6.7% YoY-6.3% | 7.2% YoY-32.5% | 10.6% YoY+76.4% | 6.0% YoY+1.2% | |
| FCF yield | 5.3% YoY-1.3% | 5.4% YoY-31.6% | 7.9% YoY-8.2% | 8.6% YoY+43.7% | 6.0% YoY-0.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: NVR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NVR filings on SEC EDGAR → Not investment advice.