NVR
NVR INCEvidence as of 2026-09-03Overview · NVR INC
NVR, Inc. operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes…
Management team
- Mr. Gary Brown · Senior Vice President of Human ResourcesFind on LinkedIn
- Mr. James M. Sack · General Counsel & SecretaryFind on LinkedIn
- Mr. Curt McKay · Vice President of Business Planning & Investor RelationsFind on LinkedIn
- Mr. Daniel David Malzahn · Senior VP, CFO & TreasurerFind on LinkedIn
Start your 7-day free trial to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.1 of a possible +2; was -0.1 before debate) with high confidence. Reported revenues fell from $ 2,403,032,000 in Q1 2025 (fiscal quarter ended 2025-04-30) to $ 1,881,063,000 in Q1 2026 (fiscal quarter ended 2026-04-30) and then rose to $ 2,326,356,000 in Q2 2026 (fiscal quarter ended 2026-07-31). Quarterly net income moved from $ 299,576,000 in Q1 2025 through a peak in Q3 2025 (fiscal quarter ended 2025-10-31) at $ 342,688,000, then declined to $ 198,359,000 in Q1 2026 and was $ 236,458,000 in Q2 2026.
Diluted EPS followed the same pattern, peaking at $ 112.33 in Q3 2025 and then dropping to $ 67.76 in Q1 2026 and $ 83.96 in Q2 2026. Reported shares outstanding show a steady reduction from 2,990,451 as of 2025-02-10 to 2,664,860 as of 2026-07-31, supported by cash repurchases of $ 583,394,000 in Q1 2025 and $ 631,956,000 in Q1 2026. Valuation and ownership snapshots show trailing twelve‑month FCF of $ 985,824,000 (FCF per share $ 350.0429), P/FCF 18.07, trailing P/E 16.98, enterprise value $ 14,650,768,977 and market capitalization $ 16,860,435,977 on the pricing date, and a small ETF weight of 0.03% in IVV. The packet also records institutional buys in late August 2026 and multiple media items noting recent price activity and analyst coverage.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported revenues for single quarters fell from $2,403,032,000 in Q1 2025 (2025-01-01 to 2025-03-31, 3mo) to $1,881,063,000 in Q1 2026 (2026-01-01 to 2026-03-31, 3mo), and then rose to $2,326,356,000 in Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000906163-25-000054Quarterly net income was $299,576,000 in Q1 2025, $333,737,000 in Q2 2025, $342,688,000 in Q3 2025, then declined to $198,359,000 in Q1 2026 and was $236,458,000 in Q2 2026.
XBRL companyfacts · 0000906163-25-000054Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, NVR was a constituent of the iShares Core S&P 500 ETF (IVV).
ETF constituents · market dataThe reported weight of NVR in IVV was 0.03% of the fund as of 2026-09-02T13:45:47.228469+00:00, indicating a small single-holding exposure within that ETF.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage includes multiple reports of institutional buying in the second quarter: United Capital Financial Advisors LLC bought 112 shares valued at about $763,000, Canada Pension Plan Investment Board bought 4,277 shares (~$29,141,000), and HSBC Holdings PLC purchased 10,743 shares, all reported in late August 2026.
News · thelincolnianonline.com · 2026-08-31A profile piece describes how NVR designs and constructs single-family homes, townhomes, and condominiums under regional brand names (published 2 September 2026).
News · kalkinemedia.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The calculation shows an implied free cash flow (FCF) growth rate of 6.57% that today’s price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-free-cash-flow (P/FCF) based on trailing twelve months FCF is 18.07.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific data points jointly support a favorable read. Share count has meaningfully declined over the past 18 months with sizable cash repurchases, which increases free cash flow and earnings per share on a per-share basis; at the same time reported trailing free cash flow and FCF per share are large in absolute terms. Valuation metrics based on reported trailing figures (P/FCF ~18, trailing P/E ~17) and an implied FCF growth rate of ~6.6% under the stated assumptions indicate the current price embeds moderate growth expectations relative to the company’s reported cash generation. Institutional buying and analyst coverage described as ‘moderately optimistic’ provide additional market-interest context that aligns with the fundamental and valuation signals. While recent quarterly revenue and EPS showed a dip year-over-year in early 2026, the Q2 2026 recovery in revenue and EPS versus Q1 2026, coupled with ongoing buybacks, weakens the case that the company’s cash-generative profile has structurally deteriorated.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.29
17 surviving claims rest on 10 distinct sources; the heaviest analyst carries 29% of them, and 100% of what the desk raised survived the debate.
Seventeen surviving claims drawing on ten distinct sources gives this read moderate breadth, but the concentration behind a single analyst (carrying 29% of claims) and the fact that everything the desk raised survived debate make the set relatively fragile to a few key inputs. In plain terms: the evidence is useful for educational context, yet its weight should be tempered because a small number of contributors and unchallenged items mean a single new filing, pricing move, or re-statement could materially change several linked conclusions.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
15 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer−0.2 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
Get this for the tickers you actually hold
Plus the one thing no sample can show: how each name correlates with your portfolio, and what hides inside your funds.
The full terminal on NVR Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.