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NVR NVR Equity Method Investments

Equity Method Investments at other companies

Pultegroup logo
PultegroupPHM
$202.8M+11.5%
Lennar logo
LennarLEN
$114.4M-14.3%
Dream Finders Homes logo
Dream Finders HomesDFH
$20.26M+67.1%
M/I Homes logo
M/I HomesMHO
$62.02M-8.1%
Toll Brothers logo
Toll BrothersTOL
$955.46M-18.5%
Meritage Homes logo
Meritage HomesMTH
$60.76M+94.2%

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$16.8B-23.1%
Enterprise value$15.64B-22.0%
P/E14.7×+0.3×
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 us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

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

As of June 30, 2026, we had an aggregate investment totaling approximately $73,300 in four JVs that are expected to produce approximately 8,000 finished lots, all of which were controlled by us. We had additional JV funding commitments totaling approximately $23,400 as of June 30, 2026. As of December 31, 2025, our aggregate investment in JVs totaled approximately $78,100. Investments in JVs for the respective periods are reported in the homebuilding "Other assets" line item on the accompanying condensed consolidated balance sheets. None of the JVs had any indicators of impairment as of June 30, 2026.

Item 1. Financial Statements

FAQ

What is NVR's equity method investments?
NVR (NVR) reported equity method investments of $73.3M in Q2 2026.
How has NVR's equity method investments changed year-over-year?
NVR's equity method investments increased by 11.9% year-over-year, from $65.5M to $73.3M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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