NVR Inc (NVR) - Net Assets
Based on the latest financial reports, NVR Inc (NVR) has net assets worth $3.39 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.47 Billion) and total liabilities ($2.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NVR strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.39 Billion |
| % of Total Assets | 61.99% |
| Annual Growth Rate | 11.58% |
| 5-Year Change | 28.73% |
| 10-Year Change | 196.29% |
| Growth Volatility | 21.28 |
NVR Inc - Net Assets Trend (1994–2025)
This chart illustrates how NVR Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is NVR Inc worth.
Annual Net Assets for NVR Inc (1994–2025)
The table below shows the annual net assets of NVR Inc from 1994 to 2025. Also explore NVR net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.86 Billion | -8.20% |
| 2024-12-31 | $4.21 Billion | -3.54% |
| 2023-12-31 | $4.36 Billion | +24.46% |
| 2022-12-31 | $3.51 Billion | +16.80% |
| 2021-12-31 | $3.00 Billion | -3.25% |
| 2020-12-31 | $3.10 Billion | +32.54% |
| 2019-12-31 | $2.34 Billion | +29.45% |
| 2018-12-31 | $1.81 Billion | +12.65% |
| 2017-12-31 | $1.61 Billion | +23.08% |
| 2016-12-31 | $1.30 Billion | +5.27% |
| 2015-12-31 | $1.24 Billion | +10.22% |
| 2014-12-31 | $1.12 Billion | -10.87% |
| 2013-12-31 | $1.26 Billion | -14.80% |
| 2012-12-31 | $1.48 Billion | +7.69% |
| 2011-12-31 | $1.37 Billion | -21.01% |
| 2010-12-31 | $1.74 Billion | -0.96% |
| 2009-12-31 | $1.76 Billion | +27.91% |
| 2008-12-31 | $1.37 Billion | +21.64% |
| 2007-12-31 | $1.13 Billion | -1.97% |
| 2006-12-31 | $1.15 Billion | +70.13% |
| 2005-12-31 | $677.16 Million | -18.90% |
| 2004-12-31 | $835.00 Million | +68.73% |
| 2003-12-31 | $494.87 Million | +22.72% |
| 2002-12-31 | $403.25 Million | +15.50% |
| 2001-12-31 | $349.12 Million | +41.07% |
| 2000-12-31 | $247.48 Million | +23.35% |
| 1999-12-31 | $200.64 Million | +21.09% |
| 1998-12-31 | $165.70 Million | +14.59% |
| 1997-12-31 | $144.60 Million | -4.87% |
| 1996-12-31 | $152.00 Million | +3.97% |
| 1995-12-31 | $146.20 Million | +12.90% |
| 1994-12-31 | $129.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NVR Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 380987.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.39 Billion | 423.99% |
| Common Stock | $206.00K | 0.01% |
| Total Equity | $3.86 Billion | 100.00% |
NVR Inc Competitors by Market Cap
The table below lists competitors of NVR Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Franklin Resources Inc
NYSE:BEN
|
$16.39 Billion |
|
EVE Energy
SHE:300014
|
$16.40 Billion |
|
Banco Bradesco S.A.
SA:BBDC3
|
$16.40 Billion |
|
nVent Electric PLC
NYSE:NVT
|
$16.41 Billion |
|
mBank SA
WAR:MBK
|
$16.38 Billion |
|
Medpace Holdings Inc
NASDAQ:MEDP
|
$16.36 Billion |
|
Hithink RoyalFlush Info Network
SHE:300033
|
$16.30 Billion |
|
Halliburton Co
BA:HAL
|
$16.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NVR Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,210,072,000 to 3,864,869,000, a change of -345,203,000 (-8.2%).
- Net income of 1,339,816,000 contributed positively to equity growth.
- Share repurchases of 1,833,316,000 reduced equity.
- Other comprehensive income decreased equity by 16,710,000.
- Other factors increased equity by 165,007,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.34 Billion | +34.67% |
| Share Repurchases | $1.83 Billion | -47.44% |
| Other Comprehensive Income | $-16.71 Million | -0.43% |
| Other Changes | $165.01 Million | +4.27% |
| Total Change | $- | -8.20% |
Book Value vs Market Value Analysis
This analysis compares NVR Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 796.67x to 4.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $7.72 | $6150.47 | x |
| 1995-12-31 | $9.46 | $6150.47 | x |
| 1996-12-31 | $10.02 | $6150.47 | x |
| 1997-12-31 | $10.91 | $6150.47 | x |
| 1998-12-31 | $12.45 | $6150.47 | x |
| 1999-12-31 | $16.60 | $6150.47 | x |
| 2000-12-31 | $23.43 | $6150.47 | x |
| 2001-12-31 | $36.65 | $6150.47 | x |
| 2002-12-31 | $43.37 | $6150.47 | x |
| 2003-12-31 | $57.05 | $6150.47 | x |
| 2004-12-31 | $106.01 | $6150.47 | x |
| 2005-12-31 | $86.99 | $6150.47 | x |
| 2006-12-31 | $172.67 | $6150.47 | x |
| 2007-12-31 | $183.10 | $6150.47 | x |
| 2008-12-31 | $232.06 | $6150.47 | x |
| 2009-12-31 | $285.78 | $6150.47 | x |
| 2010-12-31 | $282.30 | $6150.47 | x |
| 2011-12-31 | $244.45 | $6150.47 | x |
| 2012-12-31 | $287.92 | $6150.47 | x |
| 2013-12-31 | $259.43 | $6150.47 | x |
| 2014-12-31 | $253.50 | $6150.47 | x |
| 2015-12-31 | $291.23 | $6150.47 | x |
| 2016-12-31 | $317.85 | $6150.47 | x |
| 2017-12-31 | $378.65 | $6150.47 | x |
| 2018-12-31 | $441.98 | $6150.47 | x |
| 2019-12-31 | $589.29 | $6150.47 | x |
| 2020-12-31 | $792.21 | $6150.47 | x |
| 2021-12-31 | $778.04 | $6150.47 | x |
| 2022-12-31 | $999.52 | $6150.47 | x |
| 2023-12-31 | $1270.55 | $6150.47 | x |
| 2024-12-31 | $1268.48 | $6150.47 | x |
| 2025-12-31 | $1259.33 | $6150.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NVR Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.98%
- • Asset Turnover: 1.76x
- • Equity Multiplier: 1.52x
- Recent ROE (34.67%) is below the historical average (37.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 8.03% | 1.23% | 1.50x | 4.37x | $-2.55 Million |
| 1995 | 11.83% | 1.99% | 1.42x | 4.20x | $2.68 Million |
| 1996 | 16.97% | 2.41% | 2.13x | 3.30x | $10.60 Million |
| 1997 | 19.99% | 2.50% | 2.04x | 3.90x | $14.44 Million |
| 1998 | 34.22% | 3.64% | 2.15x | 4.37x | $40.13 Million |
| 1999 | 54.28% | 5.43% | 2.62x | 3.82x | $88.84 Million |
| 2000 | 63.94% | 6.83% | 2.75x | 3.40x | $133.50 Million |
| 2001 | 67.83% | 9.03% | 2.64x | 2.85x | $201.88 Million |
| 2002 | 82.20% | 10.82% | 2.59x | 2.93x | $291.15 Million |
| 2003 | 84.83% | 11.41% | 2.70x | 2.75x | $370.30 Million |
| 2004 | 62.66% | 12.31% | 2.39x | 2.13x | $439.70 Million |
| 2005 | 103.01% | 13.22% | 2.32x | 3.35x | $629.84 Million |
| 2006 | 50.99% | 9.58% | 2.48x | 2.15x | $472.20 Million |
| 2007 | 29.57% | 6.51% | 2.34x | 1.94x | $221.02 Million |
| 2008 | 7.34% | 2.73% | 1.76x | 1.53x | $-36.49 Million |
| 2009 | 10.94% | 6.97% | 1.15x | 1.36x | $16.45 Million |
| 2010 | 11.84% | 6.75% | 1.35x | 1.30x | $31.97 Million |
| 2011 | 9.41% | 4.86% | 1.50x | 1.29x | $-8.06 Million |
| 2012 | 12.20% | 5.66% | 1.22x | 1.76x | $32.54 Million |
| 2013 | 21.13% | 6.32% | 1.70x | 1.97x | $140.34 Million |
| 2014 | 25.05% | 6.33% | 1.89x | 2.09x | $169.20 Million |
| 2015 | 30.90% | 7.41% | 2.05x | 2.03x | $259.01 Million |
| 2016 | 32.60% | 7.29% | 2.21x | 2.03x | $294.82 Million |
| 2017 | 33.48% | 8.51% | 2.11x | 1.86x | $376.97 Million |
| 2018 | 44.08% | 11.11% | 2.27x | 1.75x | $616.34 Million |
| 2019 | 37.52% | 11.87% | 1.94x | 1.63x | $644.41 Million |
| 2020 | 29.04% | 11.94% | 1.31x | 1.86x | $590.94 Million |
| 2021 | 41.19% | 13.80% | 1.54x | 1.94x | $936.48 Million |
| 2022 | 49.21% | 16.37% | 1.86x | 1.61x | $1.37 Billion |
| 2023 | 36.47% | 16.69% | 1.44x | 1.51x | $1.16 Billion |
| 2024 | 39.95% | 15.95% | 1.65x | 1.52x | $1.26 Billion |
| 2025 | 34.67% | 12.98% | 1.76x | 1.52x | $953.33 Million |
Industry Comparison
This section compares NVR Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $676,568,784
- Average return on equity (ROE) among peers: 5.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NVR Inc (NVR) | $3.39 Billion | 8.03% | 0.61x | $16.39 Billion |
| BOXABL Inc. (BXBL) | $55.44 Million | -91.91% | 0.35x | $1.49 Billion |
| Beazer Homes USA Inc (BZH) | $178.70 Million | 10.24% | 1.00x | $906.94 Million |
| Cavco Industries Inc (CVCO) | $1.10 Billion | 17.27% | 0.35x | $4.07 Billion |
| Dream Finders Homes Inc (DFH) | $86.97 Million | 35.67% | 4.92x | $374.52 Million |
| DR Horton Inc (DHI) | $3.17 Billion | 19.76% | 1.30x | $40.09 Billion |
| Green Brick Partners Inc (GRBK) | $1.93 Billion | 16.20% | 0.31x | $2.85 Billion |
| Hovnanian Enterprises Inc (HOV) | $-460.37 Million | 0.00% | 0.00x | $579.09 Million |
| Installed Building Products Inc (IBP) | $250.03 Million | 27.26% | 3.40x | $5.32 Billion |
| KB Home (KBH) | $336.00 Million | 8.39% | 3.26x | $2.98 Billion |
| Legacy Housing Corp (LEGH) | $115.59 Million | 15.00% | 0.56x | $668.50 Million |
About NVR Inc
NVR, Inc. operates as a homebuilder in the United States. The company operates through Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes… Read more