NVR (NVR) Q3 2025 Earnings

Yes. NVR reported Q3 2025 earnings of $112.33 a share on Oct 22, 2025, beating the $109.36 consensus estimate by 2.7%. Revenue was $2.6B against a $2.4B estimate.

NVR posted a headline beat in its third quarter ended September 30, 2025, topping Wall Street estimates on both lines even as the underlying business continued to soften year-over-year. The homebuilder reported diluted EPS of $112.33, ahead of the $109.36 consensus by 2.72%, while revenue of $2.61 billion cleared the $2.43 billion estimate by 7.36%, though that top line still slipped 4.7% from the prior-year period. The most material drag was margin compression in the homebuilding segment, where gross profit margin fell to 21.0% from 23.4% a year earlier, driven by higher lot costs, persistent affordability pressure, and roughly $18.90 million in contract land deposit impairments. Those headwinds also weighed on demand, with new orders falling 16% to 4,735 units and the cancellation rate climbing to 19.4% from 14.5%. Net income declined 20% to $342.69 million. Notably, an insider director purchased shares shortly after the report, a small signal of internal confidence despite the challenging housing environment.