# NVR (NVR) — Earnings

NVR · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/nvr/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q4 2025 |
| Period end | Dec 31, 2025 |
| EPS actual | $121.54 |
| EPS estimate | $105.91 |
| EPS surprise | +14.76% |
| Revenue surprise | +9.46% |
| Revenue | $2.7B |
| Revenue estimate | $2.5B |
| Reported | Jan 28, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/906163/000090616326000004/nvr-20260128.htm) |

NVR reported Q4 2025 results on January 28, 2026. Earnings per share came in at $121.54, ahead of the $105.91 estimate by 14.76%. Revenue was $2.7 billion, above the $2.5 billion consensus. Compared with Q4 2024, EPS fell about 13% from $139.93, and revenue slipped from $2.8 billion. The table has no row for Q3 2025, so no full-year 2025 total can be given.

Annual EPS rose from $321.19 in 2021 to $492.16 in 2022, a gain of about 53%. It eased to $463.25 in 2023, then rose about 10% to $507.53 in 2024. Q4 2024 set the quarterly highs in the table, at $139.93 per share on $2.8 billion in revenue. The low was Q1 2021, at $63.21. Over the last 20 quarters, NVR topped the EPS estimate 11 times and missed 9 times. The largest beat was Q4 2022, at 34.95%. The largest miss was Q4 2021, at 10.70% below.

In past years NVR reported Q1 in late April, Q2 in late July and Q3 between October 21 and October 25. The table does not yet include 2026 quarters. The next update would show how 2026 results compare with the 2025 quarters above.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q4 2025 | Jan 28, 2026 | $105.91 | $121.54 | 14.76% | $2.5B | $2.7B |
| Q2 2025 | Jul 23, 2025 | $106.20 | $108.54 | 2.20% | $2.5B | $2.6B |
| Q1 2025 | Apr 22, 2025 | $106.07 | $94.83 | -10.60% | $2.4B | $2.4B |
| Q4 2024 | Jan 28, 2025 | $129.35 | $139.93 | 8.18% | $2.8B | $2.8B |
| Q3 2024 | Oct 22, 2024 | $131.00 | $130.50 | -0.38% | $2.7B | $2.7B |
| Q2 2024 | Jul 23, 2024 | $121.21 | $120.69 | -0.43% | $2.6B | $2.6B |
| Q1 2024 | Apr 23, 2024 | $103.97 | $116.41 | 11.97% | $2.3B | $2.3B |
| Q4 2023 | Jan 30, 2024 | $121.50 | $121.56 | 0.05% | $2.6B | $2.4B |
| Q3 2023 | Oct 24, 2023 | $115.60 | $125.26 | 8.36% | $2.6B | $2.6B |
| Q2 2023 | Jul 25, 2023 | $103.76 | $116.54 | 12.32% | $2.4B | $2.3B |
| Q1 2023 | Apr 25, 2023 | $88.96 | $99.89 | 12.28% | $2.1B | $2.2B |
| Q4 2022 | Jan 31, 2023 | $98.88 | $133.44 | 34.95% | $2.5B | $2.7B |
| Q3 2022 | Oct 25, 2022 | $121.71 | $118.51 | -2.63% | $2.6B | $2.8B |
| Q2 2022 | Jul 26, 2022 | $126.77 | $123.65 | -2.46% | $2.6B | $2.7B |
| Q1 2022 | Apr 26, 2022 | $96.98 | $116.56 | 20.19% | $2.4B | $2.4B |
| Q4 2021 | Feb 1, 2022 | $99.77 | $89.09 | -10.70% | $2.6B | $2.2B |
| Q3 2021 | Oct 21, 2021 | $88.77 | $86.44 | -2.63% | $2.3B | $2.3B |
| Q2 2021 | Jul 21, 2021 | $72.43 | $82.45 | 13.84% | $2.2B | $2.2B |
| Q1 2021 | Apr 21, 2021 | $65.24 | $63.21 | -3.11% | $2.1B | $2.0B |
| Q4 2020 | Jan 28, 2021 | $79.82 | $76.93 | -3.62% | $2.3B | $2.3B |

## Frequently Asked Questions

### When did NVR (NVR) last report earnings?

NVR last reported on Jan 28, 2026, covering fiscal Q4 2025.

### Did NVR beat earnings estimates?

Yes. NVR reported EPS of $121.54 for Q4 2025 against a $105.91 estimate — a 14.76% beat.

### How much revenue did NVR report last quarter?

NVR reported $2.7B in revenue for Q4 2025, against a consensus estimate of $2.5B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).