NVR INC (NVR) Form 8-K — Oct 22, 2026
NVR, Inc. reported Q3 2026 net income of $248.6 million, or $89.45 per diluted share, down 27% and 20% respectively from $342.7 million and $112.33 in Q3 2025. Consolidated revenues fell to $2.40 billion from $2.61 billion a year earlier. The homebuilding segment bore the brunt: new orders fell 7% to 4,391 units, average sales prices dropped 5%, the cancellation rate rose to 21%, and gross margin compressed to 18.3% from 21.0% on higher lot costs, affordability-driven pricing pressure, and $24.8 million of contract land deposit impairments.
Key figures
- Eps
- 89.45
- Revenue
- 2400000000
- Net Income
- 248600000
- Total Debt
- 907659000
- Revenue Yoy
- -8% (Q3 homebuilding revenue decline; consolidated from $2.61B to $2.40B, ~-8%)
- Total Assets
- 5565950000
- Shares Outstanding
- 2644276
- Eps yoy
- -20%
- New orders
- 4391
- Settlements
- 5268
- Gross margin
- 18.3% vs 21.0% prior year
- Backlog units
- 10121
- Net income yoy
- -27%
- New orders yoy
- -7%
- Avg order price
- 442100
- Backlog dollars
- 4590000000
- Q3 buyback cost
- 237218000
- Cancellation rate
- 21%
- Nine month revenue
- 6610000000
- Q3 2025 net income
- 342700000
- Q3 2025 diluted eps
- 112.33
- Nine month net income
- 683400000
- Land deposit impairments
- 24800000
- Mortgage income before tax
- 35000000
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