NVR INC (NVR) closed fiscal year 2025 with a gross margin of 23.1 % and a net margin of 13.0 %.
NVR INC (NVR) closed fiscal year 2025 with a gross margin of 23.1 % and a net margin of 13.0 %. The same year shows an EBITDA margin of 17.6 % and an EBIT margin of 17.3 %. The free cash flow margin was 10.6 %. Against the previous year the gross margin moved −2.5 pp and the net margin −3.0 pp. Across the period the gross margin ranges between 23.1 % in 2025 and 27.3 % in 2022. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 27.32 % | 26.09 % | 25.59 % | 23.13 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 21.95 % | 20.73 % | 20.54 % | 17.58 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 21.78 % | 20.55 % | 20.36 % | 17.35 % |
| Net margin (%) | — | 7.00 % | 6.77 % | 4.87 % | 5.67 % | 6.33 % | 6.34 % | 7.42 % | 7.30 % | 8.52 % | 11.13 % | 11.89 % | 11.96 % | 13.82 % | 16.39 % | 16.72 % | 15.98 % | 12.98 % |
| FCF margin (%) | — | 8.70 % | 1.59 % | -0.38 % | 7.91 % | 5.97 % | 3.44 % | 4.04 % | 6.37 % | 8.72 % | 9.82 % | 11.42 % | 12.06 % | 13.68 % | 17.59 % | 15.48 % | 12.78 % | 10.62 % |
