NVR Inc (NVR) - Net Assets
Based on the latest financial reports, NVR Inc (NVR) has net assets worth $3.97 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.04 Billion) and total liabilities ($2.07 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 Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.97 Billion |
| % of Total Assets | 65.72% |
| Annual Growth Rate | 12.3% |
| 5-Year Change | 35.67% |
| 10-Year Change | 239.75% |
| Growth Volatility | 21.26 |
NVR Inc - Net Assets Trend (1994–2024)
This chart illustrates how NVR Inc's net assets have evolved over time, based on quarterly financial data. Also explore NVR current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for NVR Inc (1994–2024)
The table below shows the annual net assets of NVR Inc from 1994 to 2024. For live valuation and market cap data, see NVR Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 | +23.37% |
| 1999-12-31 | $200.60 Million | +21.06% |
| 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 349829.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.05 Billion | 357.40% |
| Common Stock | $206.00K | 0.00% |
| Other Comprehensive Income | $16.71 Million | 0.40% |
| Total Equity | $4.21 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 |
|---|---|
|
FIBRA Prologis
MX:FIBRAPL14
|
$16.84 Billion |
|
East West Bancorp Inc
NASDAQ:EWBC
|
$16.85 Billion |
|
Magna International Inc
TO:MG
|
$16.86 Billion |
|
NIPPON STEEL SP.ADR 033
F:NPSA
|
$16.86 Billion |
|
International Paper
NYSE:IP
|
$16.77 Billion |
|
Hologic Inc
NASDAQ:HOLX
|
$16.77 Billion |
|
BE SEMICON.INDS NY EO091
F:BSIA
|
$16.74 Billion |
|
TELENOR ASA SP.ADR/ O.N.
F:TEQA
|
$16.69 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 2023 to 2024, total equity changed from 4,364,725,000 to 4,210,072,000, a change of -154,653,000 (-3.5%).
- Net income of 1,681,928,000 contributed positively to equity growth.
- Share repurchases of 2,057,677,000 reduced equity.
- Other factors increased equity by 221,096,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.68 Billion | +39.95% |
| Share Repurchases | $2.06 Billion | -48.88% |
| Other Changes | $221.10 Million | +5.25% |
| Total Change | $- | -3.54% |
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: 4.85x
- 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 797.15x to 4.85x 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 | $6154.14 | x |
| 1995-12-31 | $9.46 | $6154.14 | x |
| 1996-12-31 | $10.02 | $6154.14 | x |
| 1997-12-31 | $10.91 | $6154.14 | x |
| 1998-12-31 | $12.45 | $6154.14 | x |
| 1999-12-31 | $16.60 | $6154.14 | x |
| 2000-12-31 | $23.43 | $6154.14 | x |
| 2001-12-31 | $36.65 | $6154.14 | x |
| 2002-12-31 | $43.37 | $6154.14 | x |
| 2003-12-31 | $57.05 | $6154.14 | x |
| 2004-12-31 | $106.01 | $6154.14 | x |
| 2005-12-31 | $86.99 | $6154.14 | x |
| 2006-12-31 | $172.67 | $6154.14 | x |
| 2007-12-31 | $183.10 | $6154.14 | x |
| 2008-12-31 | $232.06 | $6154.14 | x |
| 2009-12-31 | $285.78 | $6154.14 | x |
| 2010-12-31 | $282.30 | $6154.14 | x |
| 2011-12-31 | $244.45 | $6154.14 | x |
| 2012-12-31 | $287.92 | $6154.14 | x |
| 2013-12-31 | $259.43 | $6154.14 | x |
| 2014-12-31 | $253.50 | $6154.14 | x |
| 2015-12-31 | $291.23 | $6154.14 | x |
| 2016-12-31 | $317.85 | $6154.14 | x |
| 2017-12-31 | $378.65 | $6154.14 | x |
| 2018-12-31 | $441.98 | $6154.14 | x |
| 2019-12-31 | $589.29 | $6154.14 | x |
| 2020-12-31 | $792.21 | $6154.14 | x |
| 2021-12-31 | $778.04 | $6154.14 | x |
| 2022-12-31 | $999.52 | $6154.14 | x |
| 2023-12-31 | $1270.55 | $6154.14 | x |
| 2024-12-31 | $1268.48 | $6154.14 | 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): 39.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.95%
- • Asset Turnover: 1.65x
- • Equity Multiplier: 1.52x
- Recent ROE (39.95%) is above the historical average (37.51%), indicating improving 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 | 54.29% | 5.43% | 2.62x | 3.83x | $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 |
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: $911,849,300
- Average return on equity (ROE) among peers: 13.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NVR Inc (NVR) | $3.97 Billion | 8.03% | 0.52x | $16.82 Billion |
| Beazer Homes USA Inc (BZH) | $1.23 Billion | 11.38% | 1.10x | $608.73 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.96 Billion |
| Dream Finders Homes Inc (DFH) | $1.09 Billion | 27.24% | 1.36x | $520.11 Million |
| DR Horton Inc (DHI) | $802.39 Million | 19.92% | 1.94x | $43.57 Billion |
| Green Brick Partners Inc (GRBK) | $77.89 Million | -17.50% | 3.45x | $2.89 Billion |
| Hovnanian Enterprises Inc (HOV) | $1.97 Billion | 23.92% | 1.39x | $569.25 Million |
| Installed Building Products Inc (IBP) | $91.87 Million | 15.16% | 1.55x | $7.83 Billion |
| KB Home (KBH) | $2.18 Billion | 22.03% | 1.67x | $3.25 Billion |
| Legacy Housing Corp (LEGH) | $189.28 Million | 11.37% | 0.24x | $513.63 Million |
| Lennar Corporation (LEN) | $1.23 Billion | 18.65% | 2.08x | $19.08 Billion |
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 NVHome… Read more