NVR (NVR) Q2 2025 Earnings

Yes. NVR reported Q2 2025 earnings of $108.54 a share on Jul 23, 2025, beating the $107.52 consensus estimate by 0.9%. Revenue was $2.6B against a $2.5B estimate.

NVR, Inc. delivered a mixed but ultimately better-than-feared second quarter, beating Wall Street estimates on both the top and bottom lines even as the underlying business showed clear signs of strain. The Virginia-based homebuilder posted diluted EPS of $108.54, edging past the $107.52 consensus by 0.95%, while revenue of $2.60 billion topped the $2.48 billion estimate by 4.81%, though it slipped 0.7% from a year ago. The real story, however, was margin compression in the homebuilding segment, where gross profit margin contracted sharply to 21.5% from 23.6% as higher lot costs and affordability-driven pricing pressure squeezed profitability, contributing to a 17% decline in net income to $333.74 million. New orders fell 11% to 5,379 units and the cancellation rate climbed to 16.5% from 12.9%, reflecting the same macro headwinds pressuring peers across the homebuilding industry. Backlog declined 13% in both units and dollar value to 10,069 units worth $4.75 billion, signaling potential continued near-term volume pressure, even as NVR repurchased $471.41 million in shares during the quarter.