Buyback yield (TTM)
10.27%
Shareholder yield (TTM)
10.27%
5Y share count change
-21.6%
Buyback spend (TTM)
$1.88B
Cumulative buybacks
$17.18B
Key takeaways
- NVR (NVR) repurchased about $1.88B of stock over the trailing twelve months.
- Diluted share count is down 21.6% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 38.84× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +37.6% per year over the latest 5-year window.
- TTM repurchases used about 153% of free cash flow remaining after dividends.
Dividend & buyback yield over time for NVR (NVR)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for NVR (NVR)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for NVR (NVR)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for NVR (NVR)
Latest: $1.83B
Overview
As of the 2025 fiscal year, NVR (NVR) reported buyback spend of $1.83B – declined 10.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, NVR buyback spend compounded at +37.6% per year, with mixed annual results across the window.
NVR buyback spend peaked at $2.06B in 2024; the latest annual figure is $1.83B in 2025 (10.9% below peak).
$2.06B stands as the all-time-high annual buyback spend, posted in 2024, against a low of $0.00 during 2009.
NVR Buyback Spend 2025: $1.83B
In 2025, NVR reported buyback spend of $1.83B, declined 10.9% below 2024.
NVR Buyback Spend 2024: $2.06B
NVR buyback spend in 2024 was $2.06B, surged 90.2% from 2023. This figure represents the highest annual value in the available history.
NVR Buyback Spend 2023: $1.08B
2023's buyback spend for NVR came in at $1.08B, declined 27.9% below 2022.
NVR Buyback Spend 2022: $1.50B
NVR posted buyback spend of $1.50B in 2022, edged down 2.4% below 2021.
NVR Buyback Spend 2021: $1.54B
NVR buyback spend in 2021 was $1.54B.
See more financial history for NVR (NVR).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.83B | $69.21M | $1.76B | 8.88% | 0.00B | -7.5% | |
| 2024 | $2.06B | $73.92M | $1.98B | 8.09% | 0.00B | -3.4% | |
| 2023 | $1.08B | $99.51M | $982.31M | 4.84% | 0.00B | -2.1% | |
| 2022 | $1.50B | $82.54M | $1.42B | 10.14% | 0.00B | -9.1% | |
| 2021 | $1.54B | $58.23M | $1.48B | 7.51% | 0.00B | -1.5% | |
| 2020 | $371.08M | $50.79M | $320.28M | 2.45% | 0.00B | -1.4% | |
| 2019 | $698.42M | $78.53M | $619.88M | 5.00% | 0.00B | -2.9% | |
| 2018 | $846.13M | $75.70M | $770.43M | 9.64% | 0.00B | -3.5% | |
| 2017 | $422.17M | $44.56M | $377.60M | 3.22% | 0.00B | +3.3% | |
| 2016 | $455.35M | $43.60M | $411.75M | 7.28% | 0.00B | -3.5% | |
| 2015 | $431.37M | $54.09M | $377.28M | 6.71% | 0.00B | -4.1% | |
| 2014 | $567.54M | $63.23M | $504.32M | 10.84% | 0.00B | -8.8% | |
| 2013 | $554.49M | $34.30M | $520.20M | 12.01% | 0.00B | -5.4% | |
| 2012 | $227.28M | $64.84M | $162.44M | 5.04% | 0.01B | -8.6% | |
| 2011 | $689.30M | $64.47M | $624.83M | 20.18% | 0.01B | -8.8% | |
| 2010 | $417.08M | $53.14M | $363.94M | 10.71% | 0.01B | +0.3% | |
| 2009 | $0.00 | $46.30M | −$46.30M | — | 0.01B | +3.9% | |
| 2008 | $128.00K | $41.20M | −$41.08M | 0.01% | 0.01B | -4.0% | |
| 2007 | $507.64M | $14.19M | $493.45M | 18.88% | 0.01B | -7.6% | |
| 2006 | $291.69M | $58.13M | $233.56M | 8.18% | 0.01B | -14.3% | |
| 2005 | $962.61M | $94.46M | $868.15M | 24.50% | 0.01B | -1.2% | |
| 2004 | $307.60M | $92.66M | $214.94M | 6.20% | 0.01B | -9.2% | |
| 2003 | $478.33M | $17.94M | $460.39M | 15.57% | 0.01B | -6.7% | |
| 2002 | $399.87M | $37.47M | $362.40M | 17.30% | 0.01B | -2.4% | |
| 2001 | $232.13M | $0.00 | $232.13M | 15.38% | 0.01B | -9.8% | |
| 2000 | $55.28M | $0.00 | $55.28M | — | 0.01B | -12.6% | |
| 1999 | $101.80M | $0.00 | $101.80M | — | 0.01B | -9.2% | |
| 1998 | $50.20M | $0.00 | $50.20M | — | 0.01B | +0.4% | |
| 1997 | $45.50M | $0.00 | $45.50M | — | 0.01B | -12.6% | |
| 1996 | $35.10M | $0.00 | $35.10M | — | 0.02B | — | |
| 1995 | $2.60M | $0.00 | $2.60M | — | — | — | |
| 1994 | $17.10M | $0.00 | $17.10M | — | — | — |
- 2025$1.83B
- 2024$2.06B
- 2023$1.08B
- 2022$1.50B
- 2021$1.54B
- 2020$371.08M
- 2019$698.42M
- 2018$846.13M
- 2017$422.17M
- 2016$455.35M
- 2015$431.37M
- 2014$567.54M
- 2013$554.49M
- 2012$227.28M
- 2011$689.30M
- 2010$417.08M
- 2009$0.00
- 2008$128.00K
- 2007$507.64M
- 2006$291.69M
- 2005$962.61M
- 2004$307.60M
- 2003$478.33M
- 2002$399.87M
- 2001$232.13M
- 2000$55.28M
- 1999$101.80M
- 1998$50.20M
- 1997$45.50M
- 1996$35.10M
- 1995$2.60M
- 1994$17.10M
Buybacks vs stock-based compensation for NVR (NVR)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 38.84×.
Buybacks vs dividends (share of cash returned) for NVR (NVR)
How NVR splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as NVR, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.23B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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