Homebuilder NVR Q3 net income, homebuilding revenue down as new orders decline

Reuters

2025/10/22

Homebuilder NVR Q3 net income, homebuilding revenue down as new orders decline

Overview

NVR Q3 net income falls 20% yr/yr, with diluted EPS down 14%
Company's Q3 homebuilding revenues decrease 4% yr/yr
NVR's Q3 mortgage closed loan production down 7% yr/yr

Outlook

NVR did not provide specific future financial guidance in its press release

Result Drivers

NEW ORDERS DECLINE - New orders in Q3 2025 decreased by 16% compared to Q3 2024, with higher cancellation rates impacting results
GROSS MARGIN PRESSURE - Gross profit margin decreased due to higher lot costs and pricing pressure from affordability challenges
MORTGAGE LOAN PRODUCTION - Mortgage closed loan production fell 7% in Q3 2025 compared to Q3 2024, affecting mortgage banking income

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Homebuilding Revenues		$2.56 bln
Q3 EPS		$112.33
Q3 Net Income		$342.68 mln

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy."
Wall Street's median 12-month price target for NVR Inc is $8,575.00, about 9.1% above its October 21 closing price of $7,792.13
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn9Jpbbza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Homebuilder NVR Q3 net income, homebuilding revenue down as new orders decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}