When did NVR report Q2 2025 earnings?

NVR (NVR) reported Q2 2025 earnings on July 23, 2025 before market open.

What were NVR's Q2 2025 revenue and EPS?

NVR reported revenue of $2.6B and diluted EPS of $108.54 for Q2 2025.

Did NVR beat estimates in Q2 2025?

Revenue beat the consensus estimate of $2.5B by $100.9M. EPS beat the consensus estimate of $106.20 by $2.34.

Where can I find NVR's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0000906163-25-000089) directly on SEC EDGAR. The filing index links above go to sec.gov.

NVR NVR Q2 2025 earnings

Reported July 23, 2025 · Before market open

Revenue$2.6BBeat by $100.9M Diluted EPS$108.54Beat by $2.34

Revenue estimate$2.5B

EPS estimate$106.20

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$2.4B

EPS estimate$90.37

Financials

Q2 2025

Income statement

See full

Revenue$2.6B-0.5%

Net income$333.7M-16.8%

EPS (diluted)$108.54-10.1%

Balance sheet

See full

Cash & equivalents$1.8B-27.6%

Total debt$40.2M+26.7%

Total equity$3.8B-7.0%

Total assets$5.9B-7.3%

Cash flow

See full

Operating cash flow$35.1M-84.9%

CapEx$8.3M+29.1%

Free cash flow$26.8M-88.2%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$21.28B-12.0%

Enterprise value$19.49B-10.1%

P/E14×-0.8×

P/S2×-0.4×

Profitability

See full

Net margin14.4%-2.1pp

FCF margin11.4%-3.7pp

Returns & leverage

See full

Return on equity38.1%-1.4pp

Debt / equity0×0.0×

Segments

By geography

See full

Mid Atlantic$1.1B-0.4%

South East$660.5M-4.7%

Mid East$450.0M+3.7%

North East$308.9M+7.5%

By segment

See full

Home Building Segment$2.5B0.0%

Mortgage Banking$50.5M-21.7%

Versus estimates

Revenue

Q1 2026$1.9BMiss by $166.4M Q4 2025$2.7BBeat by $234.3M Q3 2025$2.5BMiss by $48.4M

Q2 2025$2.6BBeat by $100.9M

Q4 2024$2.9BBeat by $39.8M

Diluted EPS

Q1 2026$0.68Miss by $0.10 Q4 2025$1.22Beat by $0.16 Q3 2025$112.33Beat by $2.97

Q2 2025$108.54Beat by $2.34

Q4 2024$139.93Beat by $12.08

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Questions, answered.

When did NVR report Q2 2025 earnings?: NVR (NVR) reported Q2 2025 earnings on July 23, 2025 before market open.
What were NVR's Q2 2025 revenue and EPS?: NVR reported revenue of $2.6B and diluted EPS of $108.54 for Q2 2025.
Did NVR beat estimates in Q2 2025?: Revenue beat the consensus estimate of $2.5B by $100.9M. EPS beat the consensus estimate of $106.20 by $2.34.
Where can I find NVR's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0000906163-25-000089) directly on SEC EDGAR. The filing index links above go to sec.gov.