NVR Inc.’s Q4 2025 Earnings: What to Expect

Company Overview - NVR, Inc. is a leading U.S. homebuilder specializing in the design, construction, and marketing of single-family detached homes, townhomes, and condominiums, primarily through a pre-sold delivery model [1] - The company operates under distinct brands such as Ryan Homes and NVHomes, focusing on streamlined operations, economies of scale, and high customer satisfaction to drive growth [2] - NVR is headquartered in Reston, Virginia, with a market capitalization of $21 billion, and maintains a disciplined approach to land acquisition and inventory management [2] Financial Performance - NVR is expected to report a 24.7% year-over-year decline in profit for the upcoming fourth quarter, projecting earnings of $105.42 per diluted share [3][4] - For the current fiscal year, profit is anticipated to decrease by 16.8% annually to $421.69 per diluted share [4] - The company has a history of exceeding consensus estimates in three of the past four quarters [4] Stock Performance - NVR's stock has decreased by 10.8% over the past 52 weeks and has slightly declined over the past six months, contrasting with a 15.7% gain in the S&P 500 Index during the same periods [5] - The stock has also underperformed compared to the Consumer Discretionary Select Sector SPDR Fund (XLY), which gained 6.6% over the past 52 weeks and 14% over the past six months [6] Recent Developments - In the third quarter of the current year, NVR reported a 4.4% year-over-year decrease in homebuilding revenue, totaling $2.56 billion [7] - The homebuilding segment faced challenges with a cancellation rate of 19% in Q3 2025, up from 15% in Q3 2024 [7] - The company's earnings per share for the third quarter were $112.33, down 13.9% year-over-year but above the expected $107.88 [7]