Monitor management's commentary on margin pressures and land costs in the earnings call; the 39% drop in homebuilding pretax income raises concerns about profitability sustainability despite higher new orders.
Price Chart
Executive Summary
NVR reported Q1 2026 earnings of $67.76 per share on $1.88B revenue, missing consensus estimates of $79.20 and $2.02B respectively. Net income fell 34% YoY due to lower settlements and margin compression in homebuilding.
Key Financial Metrics
Key Facts
- EPS of $67.76 missed consensus of $79.20 by 14.4%
- Revenue of $1.88B missed consensus of $2.02B
- Net income down 34% YoY to $198.4M
- Homebuilding gross margin declined to 19.6% from 21.9% YoY
Financial Impact
EPS and revenue both missed consensus by ~6-7%, with net income down 34% YoY
Risk Factors
- Continued margin compression from higher lot costs and pricing pressure
- Lower backlog dollar value despite flat unit count, signaling potential pricing weakness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000906163-26-000034 |
| Document: nvr-20260422.htm | 0000906163-26-000034 |
| Document: 0000906163-26-000034-index-headers.html | 0000906163-26-000034 |
| Document: 0000906163-26-000034-index.html | 0000906163-26-000034 |
| Document: 0000906163-26-000034.txt | 0000906163-26-000034 |
| 8-K Data (Synthetic) | 0000906163-26-000034 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Court Ruling | $6,257.45 $6,338.92 | ▲ +1.30% | ▼ −0.83% | $5,964.11 (−4.69%) |
Aug 19, 2026 6w ago | Court Ruling | $6,418.86 $6,368.12 | ▼ −0.79% | ▼ −0.40% | $5,964.11 (−7.08%) |
Aug 11, 2026 7w ago | Insider Buy | $6,429.96 $6,248.37 | ▼ −2.82% | ▼ −2.42% | $5,964.11 (−7.24%) |
Jul 23, 2026 10w ago | 8-K | $6,155.02 $6,288.68 | ▼ −2.17% | ▼ −1.70% | $5,964.11 (+3.10%) |
May 15, 2026 19w ago | 8-K | $5,712.11 $6,008.05 | ▲ +5.18% | ▲ +3.56% | $5,964.11 (+4.41%) |
Apr 22, 2026 23w ago | 8-K | $6,563.05 $6,273.85 | ▲ +4.41% | ▲ +4.46% | $5,964.11 (+9.13%) |
Mar 17, 2026 28w ago | DEFA14A | $6,565.98 $6,464.57 | ▼ −1.54% | ▲ +1.11% | $5,964.11 (−9.17%) |
Mar 6, 2026 30w ago | Court Ruling | $6,921.86 $6,424.88 | ▼ −7.18% | ▼ −5.65% | $5,964.11 (−13.84%) |
US Market Status
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