earnings
confidence high
sentiment negative
materiality 0.75
NVR Q2 net income down 17% to $333.7M; orders fall 11% as affordability pressures mount
NVR INC
2025-Q2 EPS reported
$203.20
revenue$5,001,846,000
- Diluted EPS $108.54 vs $120.69 YoY; net income $333.7M, down 17% from $400.9M.
- New orders 5,379 units (-11%); cancellation rate rose to 17% from 13%.
- Homebuilding gross margin 21.5% vs 23.6% on higher lot costs, pricing pressure, and $13.2M land deposit impairments.
- Mortgage banking pretax income $29.6M, down 34% due to lower secondary marketing gains.
- Backlog units down 13% to 10,069; backlog dollar value $4.75B.