# NVR, Inc. (NVR) — Stock CV

NVR, Inc. is a $15.7B industrial company. Revenue shrank 9.9% over the last year, and it keeps 12¢ of every dollar of sales as profit. It trades at 13.8× earnings — around the middle of its own history.

> NVR Inc is engaged in the construction and sale of residential properties, including single-family detached homes, townhomes, and condominium buildings, all of which are built on a pre-sold basis. Additionally, the company provides related services through its mortgage banking and title services businesses.

## Identity

- **Ticker**: NVR
- **Sector**: Industrials
- **Industry**: Operative Builders
- **Headquarters**: RESTON, VA
- **Employees**: 6 300
- **Website**: https://www.nvrinc.com
- **Market cap**: $15.7B
- **Last price**: $5 899.16
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $9.53B
- **Net income**: $1.14B
- **Free cash flow**: $1.05B
- **P/E**: 13.8
- **Revenue growth (YoY)**: -9.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 85 |
| Growth | 32 |
| Profitability | 90 |
| Health | 75 |
| Quality | 77 |
| Moat | 81 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [ ] Revenue growing — -9.9% YoY
- [x] Profitable — $1.14B TTM
- [x] Profit growing — +0.4% YoY
- [x] Generates cash — $1.05B TTM
- [x] Debt under control — current ratio 2.93
- [x] Established company — $15.7B market cap
- [x] Not printing shares — -21.6% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 11.0 — safe
- [x] Valuation not extreme — P/E 13.8

## Experience (career milestones)

- **FY2022** — Revenue crossed $10B: $10.5B for the year
- **FY2022** — Best year on record: $1.73B net income
- **FY2018** — Revenue crossed $1B: $7.16B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2012** — The company acquired Heartland Homes
- **1993** — The company emerged from bankruptcy protection and once again became a public company
- **1992** — During the early 1990s recession, the company filed bankruptcy
- **1986** — The company acquired Ryan Homes
- **1948** — It was founded in 1948 in Pittsburgh, Pennsylvania, to provide housing in the expanding post-war economy

## Strengths

- Interest covered 62.1× by operating earnings
- High returns on invested capital (ROIC 69.9%)
- Altman Z-Score 11.03 — low bankruptcy-risk zone

## Watch-outs

- Revenue shrinking 9.9% year over year

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.95B | $1.24B | $1.22B |
| FY2022 | $10.5B | $1.73B | $1.85B |
| FY2023 | $9.52B | $1.59B | $1.47B |
| FY2024 | $10.5B | $1.68B | $1.35B |
| FY2025 | $10.3B | $1.34B | $1.10B |

---

Source: https://stockcv.com/NVR — derived from company filings; may be delayed or incomplete. Information, not investment advice.