Loading...
•
Dec 31, 2025
NVR Q4 2025 Earnings Report
NVR reported a decline in Q4 performance, with revenues and net income both falling year over year amid pressure on homebuilding margins.
Key Takeaways
NVR experienced a soft Q4, with decreased revenues and net income. Lower gross margins and higher lot costs contributed to the decline, despite slight growth in new orders.
Net income for Q4 was $363.8 million, down from $457.4 million a year earlier
Consolidated revenue declined to $2.71 billion in Q4
New orders rose to 4,951 units, but settlements dropped 8% YoY
Gross margin declined due to higher lot costs and pricing pressures
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
NVR did not provide specific forward-looking guidance figures, but cited cautious optimism amid affordability challenges and margin pressures.
Positive Outlook
- New orders increased despite market pressures
- Mortgage banking income rose 24% YoY in Q4
- Backlog remains relatively strong with 8,448 units
- Average settlement price increased to $464,900
- Homebuilding segment remains profitable despite margin compression
Challenges Ahead
- Net income declined 20% YoY
- Gross margin compressed due to higher lot costs and pricing pressure
- Settlements fell 8% YoY
- Mortgage loan closings dropped 11% YoY
- Effective tax rate rose from 20.1% to 22.4%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...