Filing Flows › NVR (NVR) › How it makes money
How NVR (NVR) makes money
NVR (NVR) made $2.4B of revenue in the third quarter 2026 (Q3 2026), -8% from a year earlier. Home Building Segment brought in $2.3B (98%); Mortgage Banking brought in $53.1M (2%). Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Home Building Segment | $2.3B | 97.8% | +3% | -8% |
| Mortgage Banking | $53.1M | 2.2% | +14% | +8% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.4B | 100.0% |
| Operating profit | $335M | 13.9% |
| Income tax | $86.1M | 3.6% |
| Net earnings | $249M | 10.3% |
| Operating cash flow | $224M | 9.3% |
| Free cash flow | $205M | 8.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.4B | -8% |
| Q2 2026 | $2.3B | -10% |
| Q1 2026 | $1.9B | -22% |
| Q4 2025 | $2.7B | -5% |
| Q3 2025 | $2.6B | -4% |
| Q2 2025 | $2.6B | -0.5% |
| Q1 2025 | $2.4B | +3% |
From NVR's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does NVR make money?
NVR (NVR) made $2.4B of revenue in the third quarter 2026 (Q3 2026), -8% from a year earlier. Home Building Segment brought in $2.3B (98%); Mortgage Banking brought in $53.1M (2%). Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is NVR's biggest business?
Home Building Segment: $2.3B in the third quarter 2026, 98% of revenue, -8% from a year earlier.
What is NVR's profit margin?
Net earnings were $249M, 10.3% of revenue, in the third quarter 2026; the operating margin was 13.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.