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NVR NVR Letters of credit related to lots

Letters of credit related to lots at other companies

Smith Douglas Homes logo
Smith Douglas HomesSDHC
$800K
Carriage Services logo
Carriage ServicesCSV
$10.0%
Carriage Services logo
Carriage ServicesCSV
10.0%
Citigroup logo
CitigroupC
$3.4B+9.7%
Entergy logo
EntergyETR
$4M+33.3%
Raymond James Financial logo
Raymond James FinancialRJF
$234M

Other financials

Income statement

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Revenue$2.3B-10.5%
Net income$236.5M-29.1%
EPS (diluted)$83.96-22.6%

Balance sheet

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Cash & equivalents$1.2B-34.6%
Total debt$39.6M-1.7%
Total equity$3.4B-11.8%
Total assets$5.5B-7.9%

Cash flow

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Operating cash flow$339.7M+63.5%
CapEx$6.2M-25.9%
Free cash flow$334.8M+66.8%

Valuation

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Market cap$17.05B-22.0%
Enterprise value$15.89B-20.8%
P/E14.9×+0.6×
P/S1.8×-0.3×

Profitability

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Operating margin9.7%
Net margin12%-2.4pp
FCF margin12.6%-0.7pp

Returns & leverage

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Return on equity31.5%-6.6pp
Debt / equity0.0×

Where this comes from

Reported directly by NVR in its filing.

Tagged under the XBRL concept nvr:LetterOfCreditOnLotPurchaseAgreements.

The source filing: NVR’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000906163-26-000093
Line itemJune 30, 2026December 31, 2025
Contract land deposits$1,062,308$962,416
Allowance for losses on contract land deposits(134,928)(110,958)
Contract land deposits, net927,380851,458
Contingent obligations in the form of letters of credit7,1644,565
Total risk of loss$934,544$856,023

Item 1. Financial Statements

FAQ

What is NVR's letters of credit related to lots?
NVR (NVR) reported letters of credit related to lots of $7.16M in Q2 2026.
How has NVR's letters of credit related to lots changed year-over-year?
NVR's letters of credit related to lots increased by 70.5% year-over-year, from $4.2M to $7.16M.
What does letters of credit related to lots mean?
Letters of credit related to lots as reported by NVR, Inc..

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