NVR, Inc. (NVR) Stock

NVR, Inc. (NVR) is a Industrials stock trading at $6492.10 (as of 2026-07-17), with a market capitalization of $17.52B and a trailing P/E of 14.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NVR, Inc. operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers. It also provides various mortgage related services to its homebuilding customers, as well as brokers title insurance; performs title searches in connection with mortgage loan closings; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves in Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, South Carolina, Florida, Tennessee, and Washington, D.C. NVR, Inc. was founded in 1980 and is headquartered in Reston, Virginia.

Understand NVR, Inc.: how it makes money

NVR builds and sells single-family detached homes, townhomes, and condominium buildings in the United States, and it also earns mortgage-related fees and title services tied to homebuyers.

NVR’s profit model is driven mainly by selling homes in its Homebuilding segment, while its Mortgage Banking segment monetizes financing and closing activity for those buyers through mortgage fees and title-related services.

Revenue by segment (latest quarter)
Homebuilding$1.8B
Mortgage$0.1B

Business quality (Weak): Segment reporting is straightforward (Homebuilding is the vast majority of revenue), and the dataset highlights key operating drivers like settlements, cancellations, and mortgage capture rate, though some average sales price and average settlement price inputs are shown as 0.0.

Valuation: At 17× earnings, NVR trades 44% below the Construction average (30×). Note: one-time items can distort reported P/E.

Bull case

  • Homebuilding is the core revenue engine: In the latest quarter, Homebuilding revenues were 1.83B versus Mortgage Banking revenue (Mortgage Bank Fees) of 0.05B, so home sales volume is the dominant operating driver.
  • Mortgage activity appears strong relative to opportunity: Mortgage Closed Loan Production was 1.05B and the Mortgage Banking Capture Rate was 83.0%, indicating NVR captured a high share of mortgage-related opportunities connected to its homebuyers.

Bear case

  • Order flow risk from cancellations: Homebuilding Cancellation Rate was 14.0%, which can reduce effective demand and shift timing of deliveries (settlements).
  • Mortgage revenue is smaller and fee-driven: Mortgage Banking revenue is concentrated in Mortgage Bank Fees (0.05B in the latest quarter), so declines in mortgage closing activity or capture could have a limited but still meaningful impact on total revenue.
Valuation — source: SEC EDGAR (first-party)
Price$6492.10
Market Cap$17.52B
P/E Ratio14.1
Price / Book5.02
Price / Sales1.79
FCF Yield7.0%
DCF Value (model)$11336.73
DCF Upside vs Price74.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.32B
Net Margin13.0%
Revenue Growth (YoY)-21.7%
EPS Growth (YoY)-29.0%
FCF Growth (YoY)66.8%
Valuation vs Sector & Industry
Stock P/E14.1
Sector P/E (Industrials)28.7
Industry P/E (Construction)24.5
vs Sector-50.7%
vs Industry-42.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.37B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorIndustrials
IndustryConstruction
CEOEugene James Bredow
Employees7,000
CountryUS
IPO Date1985-07-22

Related Companies (Business model: Homebuilder; 8 closest by market cap; US-domiciled)

  • D.R. Horton, Inc. (DHI)
  • PulteGroup, Inc. (PHM)
  • Toll Brothers, Inc. (TOL)
  • Everus Construction Group, Inc. (ECG)
  • Taylor Morrison Home Corporation (TMHC)
  • Meritage Homes Corporation (MTH)
  • M/I Homes, Inc. (MHO)
  • KB Home (KBH)
NVR earnings history · NVR institutional & insider holders · NVR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.