NYSE$NVR
NVR Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
NVR reported Q2 2025 homebuilding revenues of $2.55B with net income of $333.7M and diluted EPS of $108.54.
Second-quarter homebuilding revenues were $2.55 billion with net income of $333.7 million and diluted EPS of $108.54. Closings, average selling prices, and mortgage banking income drove results while the company maintained a capital-light land-option strategy.
- Q2 homebuilding revenue $2.55B; net income $333.7M.
- Diluted EPS $108.54; closings and ASP trends reflect housing demand.
- Lot-option model limits land risk versus peers.
- Mortgage rates and regional affordability affect order cadence.
Headline financials
Revenue & EPS history
NVR · Revenue · Quarterly
$2.6B
Revenue by segment
NVR · $62.9M total across 1 segment · Q3 2023
- Mortgage Banking$62.9M+49.0%100.0%
Forward guidance
The filing discusses NVR's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed in MD&A.
Tailwinds
- Housing demand and mortgage rates influence order and closing trends.
- NVR cites execution and demand supporting the near-term outlook.
- Liquidity and balance-sheet capacity support operations and shareholder returns.
Headwinds
- Macro, input costs, and FX may pressure margins quarter to quarter.
- Segment mix and one-time items can affect comparability versus prior periods.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.7%
Avg return
30 days after
46%
32 / 69 earnings
Positive
+11.9%
Q4 2016
Best reaction
-8.8%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -6.5% | -13.1% | |
| Q4 2025 | +1.6% | +2.9% | +0.2% | |
| Q3 2025 | -1.3% | -4.5% | -5.2% | |
| Q2 2025 | -1.2% | -0.6% | +1.4% | |
| Q1 2025 | +1.1% | +0.9% | +1.2% | |
| Q4 2024 | -3.8% | -4.4% | -14.3% | |
| Q3 2024 | -2.5% | -3.4% | -7.3% | |
| Q2 2024 | -2.7% | -0.5% | +4.0% | |
| Q1 2024 | -0.1% | -2.0% | -5.3% | |
| Q4 2023 | -0.4% | +3.0% | +7.3% | |
| Q3 2023 | -2.3% | -2.2% | +13.0% | |
| Q2 2023 | +2.4% | +1.8% | -2.6% | |
| Q1 2023 | -4.8% | -2.1% | -5.6% | |
| Q4 2022 | +6.7% | +5.2% | +3.9% | |
| Q3 2022 | +3.4% | +5.6% | +11.2% | |
| Q2 2022 | -2.1% | -1.6% | -2.2% | |
| Q1 2022 | +0.2% | +0.5% | -0.1% | |
| Q4 2021 | +3.1% | -1.0% | -7.5% | |
| Q3 2021 | -3.5% | -3.6% | +3.3% | |
| Q2 2021 | +2.3% | +2.7% | +5.3% | |
| Q1 2021 | -1.6% | +0.5% | -5.1% | |
| Q4 2020 | -2.0% | -0.6% | -0.8% | |
| Q3 2020 | -0.2% | -1.1% | -0.8% | |
| Q2 2020 | +10.5% | +16.0% | +25.2% | |
| Q1 2020 | -0.0% | +11.1% | +10.1% | |
| Q4 2019 | -1.2% | -3.3% | -5.1% | |
| Q3 2019 | +1.1% | -0.1% | -4.9% | |
| Q2 2019 | -0.3% | -3.6% | -0.2% | |
| Q1 2019 | +4.2% | +1.0% | +5.3% | |
| Q4 2018 | +1.6% | +5.1% | +6.3% | |
| Q3 2018 | -3.6% | -3.4% | +6.7% | |
| Q2 2018 | -8.8% | -12.1% | -17.2% | |
| Q1 2018 | +0.6% | +0.9% | -2.5% | |
| Q4 2017 | -8.4% | -10.6% | -16.4% | |
| Q3 2017 | +11.1% | +10.5% | +12.4% | |
| Q2 2017 | +8.9% | +9.5% | +9.7% | |
| Q1 2017 | -3.0% | -3.5% | +7.8% | |
| Q4 2016 | +11.9% | +10.4% | +13.4% | |
| Q3 2016 | -2.4% | -3.8% | -1.3% | |
| Q2 2016 | -1.3% | -1.7% | -4.0% | |
| Q1 2016 | -2.9% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | +7.5% | — | — | |
| Q2 2014 | +7.8% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | +10.3% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +5.4% | — | — | |
| Q3 2012 | +3.3% | — | — | |
| Q2 2012 | +5.0% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q4 2008 | +1.9% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q3 2009 | +2.9% | — | — | |
| Q3 2010 | +2.9% | — | — | |
| Q2 2009 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — |
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