Overview
NVR Q3 net income falls 20% yr/yr, with diluted EPS down 14%
Company's Q3 homebuilding revenues decrease 4% yr/yr
NVR's Q3 mortgage closed loan production down 7% yr/yr
Outlook
NVR did not provide specific future financial guidance in its press release
Result Drivers
NEW ORDERS DECLINE - New orders in Q3 2025 decreased by 16% compared to Q3 2024, with higher cancellation rates impacting results
GROSS MARGIN PRESSURE - Gross profit margin decreased due to higher lot costs and pricing pressure from affordability challenges
MORTGAGE LOAN PRODUCTION - Mortgage closed loan production fell 7% in Q3 2025 compared to Q3 2024, affecting mortgage banking income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Homebuilding Revenues | $2.56 bln | ||
Q3 EPS | $112.33 | ||
Q3 Net Income | $342.68 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy."
Wall Street's median 12-month price target for NVR Inc is $8,575.00, about 9.1% above its October 21 closing price of $7,792.13
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nPn9Jpbbza
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)