NVR, Inc. (NVR)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-09-04
$6298.85-1.18%
Close 2026-09-04 · 1-day change
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · NVR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-09-04.
The screen ranks NVR against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated strong grew net income 63% of the time over the next year (vs 50% for the rest of the cohort, n=5213).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on growing new home orders to drive revenue and backlog growth across multiple regions.
Stated as a priority in 6 of last 6 quarters. New home orders showed mixed trends: increasing 9% in 2026-Q2 and 7% in 2026-Q1 compared to prior year, but declining in some 2025 quarters. Revenue declined from $2.61B in 2025-Q2 to $2.33B in 2026-Q2, reflecting mixed delivery. Management continues to emphasize new orders growth, with recent quarters showing partial delivery.
“New orders in the second quarter of 2026 increased by 9% to 5,885 units compared to 5,379 units in 2025-Q2.”
“New orders in the first quarter of 2026 increased by 7% to 5,738 units compared to 5,345 units in 2025-Q1.”
“New orders in the fourth quarter of 2025 increased by 3% to 4,951 units compared to 4,794 units in 2024-Q4.”
“New orders in the third quarter of 2025 decreased by 16% to 4,735 units compared to 5,650 units in 2024-Q3.”
“New orders in the second quarter of 2025 decreased by 11% to 5,379 units compared to 6,067 units in 2024-Q2.”
“New orders in the first quarter of 2025 decreased by 12% to 5,345 units compared to 6,049 units in 2024-Q1.”
Maintain and improve gross profit margin despite pricing pressures, higher lot costs, and contract land deposit impairments.
Management stated this priority in 6 of last 6 quarters. Gross profit margin declined from 21.5% in 2025-Q2 to 19.2% in 2026-Q2, reflecting persistent pricing pressure, higher lot costs, and contract land deposit impairments. The trajectory shows declining margin despite management focus, indicating limited progress on this priority.
Lower the cancellation rate of new home orders to improve sales stability and backlog quality.
Management emphasized reducing cancellation rate in 6 of last 6 quarters. The cancellation rate improved from 17% in 2025-Q2 to 15% in 2026-Q2, showing some delivery on this priority. However, rates fluctuated in prior quarters, indicating mixed progress overall.
Sustain mortgage banking closed loan production despite market challenges to support segment income.
Management stated maintaining mortgage banking loan production in 6 of last 6 quarters. Loan production declined 13% in 2026-Q2 and 27% in 2026-Q1 compared to prior year, reflecting market challenges. The trajectory shows declining production despite management focus, indicating limited delivery.
Over the trailing year it converted 0.91x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 49% of the time over the next year (vs 49% for the rest of the cohort, n=4864).
Most sensitive to the broad stock market and long-term interest rates.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity (low R² over the window).
5 material management or governance events in the past 24 months, led by executive changes. Historically, Consumer Discretionary names rated stable grew net income 47% of the time over the next year (vs 53% for the rest of the cohort, n=1906).
Not investment advice. As of 2026-09-04.
“Gross profit margin in 2026-Q2 decreased to 19.2% from 21.5% in 2025-Q2, impacted by higher lot costs and pricing pressure.”
“Gross profit margin in 2026-Q1 decreased to 19.6% from 21.9% in 2025-Q1, negatively impacted by pricing pressure and higher lot costs.”
“Gross profit margin in 2025-Q4 decreased to 20.4% from 23.6% in 2024-Q4, affected by higher lot costs and contract land deposit impairments.”
“Gross profit margin in 2025-Q3 decreased to 21.0% from 23.4% in 2024-Q3, impacted by higher lot costs and pricing pressure.”
“Gross profit margin in 2025-Q2 decreased to 21.5% from 23.6% in 2024-Q2, negatively impacted by higher lot costs and pricing pressure.”
“Gross profit margin in 2025-Q1 decreased to 21.9% from 24.5% in 2024-Q1, impacted by higher lot costs and pricing pressure.”
“The cancellation rate in 2026-Q2 was 15% compared to 17% in 2025-Q2.”
“The cancellation rate in 2026-Q1 was 14% compared to 16% in 2025-Q1.”
“The cancellation rate in 2025-Q4 was 16.6% compared to 16.9% in 2024-Q4.”
“The cancellation rate in 2025-Q3 was 19% compared to 15% in 2024-Q3.”
“The cancellation rate in 2025-Q2 was 17% compared to 13% in 2024-Q2.”
“The cancellation rate in 2025-Q1 was 16% compared to 13% in 2024-Q1.”
“Mortgage closed loan production in 2026-Q2 totaled $1.35 billion, a decrease of 13% compared to 2025-Q2.”
“Mortgage closed loan production in 2026-Q1 totaled $1.05 billion, a decrease of 27% compared to 2025-Q1.”
“Mortgage closed loan production in 2025-Q4 totaled $1.51 billion, a decrease of 11% compared to 2024-Q4.”
“Mortgage closed loan production in 2025-Q3 totaled $1.54 billion, a decrease of 7% compared to 2024-Q3.”
“Mortgage closed loan production in 2025-Q2 totaled $1.56 billion, an increase of 2% compared to 2024-Q2.”
“Mortgage closed loan production in 2025-Q1 totaled $1.43 billion, an increase of 4% compared to 2024-Q1.”