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NVR NVR Home Building — Deferred tax assets, net

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Other financials

Income statement

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Revenue$2.3B-10.3%
Net income$236.5M-29.1%
EPS (diluted)$83.96-22.6%

Balance sheet

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Cash & equivalents$1.7B-24.4%
Total debt$41.0M-1.0%
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$4.9M-31.0%
Free cash flow$334.8M+66.8%

Valuation

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Market cap$17.18B-21.1%
P/E15.1×+0.7×
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:DeferredIncomeTaxAssetsNet.

The official record: NVR’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NVR's home building — deferred tax assets, net?
NVR (NVR) reported home building — deferred tax assets, net of $143.67M in Q4 2025.
How has NVR's home building — deferred tax assets, net changed year-over-year?
NVR's home building — deferred tax assets, net increased by 1.0% year-over-year, from $142.19M to $143.67M.
What does home building — deferred tax assets, net mean?
Represents the net value of future tax benefits arising from temporary differences between the carrying amount of assets and liabilities for financial reporting and their tax bases. In the homebuilding segment, this often relates to timing differences in revenue recognition or warranty accruals.