earnings
confidence high
sentiment negative
materiality 0.80
NVR Q1 net income $299.6M, EPS $94.83, both down sharply; new orders -12%, margin 21.9%
NVR INC
2025-Q1 EPS reported
$94.83
revenue$2,403,032,000
- Net income $299.6M vs $394.3M YoY; diluted EPS $94.83 vs $116.41, declines of 24% and 19%.
- Consolidated revenue $2.40B (+3%); homebuilding revenue $2.35B (+3%).
- New orders 5,345 units (-12%); avg sales price $448,500 (-1%); cancellation rate 16% vs 13%.
- Homebuilding gross margin 21.9% (down from 24.5%) due to higher lot costs and pricing pressure.
- Mortgage banking income before tax $32.5M (+12%); effective tax rate 25.5% vs 16.2%.