Filing Flows › Industrials › NVR (NVR)
NVR (NVR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · NVR (NVR) Q3 2026 earnings results →
Q3 2026 Revenue down 8% year over year to $2.4B · 10¢ of every $1 of revenue kept as net profit · operating margin 13.9%
NVR made $2.4B in Q3 2026 (-8% Y/Y): Home Building Segment $2.3B, Mortgage Banking $53.1M. Operating margin 13.9%, net earnings $249M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.4B in Q3 2026, down 8% year over year and up 3% from the previous quarter. Home Building Segment was the largest line at 98% of revenue. Home Building Segment lost $0.21B year over year (down 8%), 102% of the total change.
Operating profit was $0.33B, a 13.9% margin (down 3.1 points year over year). Total costs fell 5% while revenue fell 8%. Net earnings were $0.25B, down 27% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.22B (down 49% year over year), 90% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.02B left free cash flow of $0.21B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $2.4B | -8% | 13.9% | $249M | $224M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $2.3B | -10% | 13.7% | $236M | −$152M |
| Q1 2026 | 10-Q | May 6, 2026 | $1.9B | -22% | 13.4% | $198M | $340M |
| Q4 2025 | 10-K | Feb 11, 2026 | $2.7B | -5% | 17.3% | $364M | $440M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $2.6B | -4% | 17.0% | $343M | $439M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $2.6B | -0.5% | 17.2% | $334M | $35.1M |
| Q1 2025 | 10-Q | May 5, 2025 | $2.4B | +3% | 16.7% | $300M | $208M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About NVR
NVR, Inc., a Virginia corporation, was formed in 1980 as NVHomes, Inc. Our primary business is the construction and sale of single-family detached homes, townhomes and condominium buildings, all of which are primarily constructed on a pre-sold basis. To more fully serve customers of our homebuilding operations, we also operate a mortgage banking and title services business. We conduct our homebuilding activities directly. Our mortgage banking operations are operated primarily through a wholly owned subsidiary, NVR Mortgage Finance, Inc. (“NVRM”). Unless the context otherwise requires, references to “NVR”, “we”, “us” or “our” include NVR, Inc. and its consolidated subsidiaries.
In its own words, from its 10-K, filed Feb 11, 2026.
NVR against its Operative Builders peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -8% against the peers' median -8%. Operating margin: 13.9% against the peers' median 8.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NVR NVR | Q3 2026 | $2.4B | -8% | 13.9% |
| DHI Horton D R | Q4 FY26 | $9.4B | -3% | 10.8% |
| PHM Pultegroup | Q3 2026 | $4.0B | -10% | 15.7% |
| TOL Toll Brothers | Q3 FY26 | $2.7B | -10% | 13.5% |
| ECG Everus Construction Group | Q3 2026 | $1.4B | +40% | 8.8% |
| KBH KB Home | Q3 FY26 | $1.3B | -20% | 6.3% |
| MHO M/I Homes | Q3 2026 | $1.1B | -5% | 7.7% |
| DFH Dream Finders Homes | Q3 2026 | $996M | +3% | 1.3% |
| CCS Century Communities | Q3 2026 | $864M | -12% | 1.8% |
Source: NVR 10-Q on SEC EDGAR · CIK 906163 · Operative Builders
Guidance and outlook
13F: who owns NVR and who is buying
More on NVR
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results