TTM
15.7%
YoY change
−2.66pp
Trough year (1995)
3.2%
Peak year (2005)
20.9%
Latest annual
16.2%
Operating Margin history chart for NVR (NVR) from 1994 to 2025
Latest: 16.2%
Operating Margin change chart for NVR (NVR) from 1994 to 2025
Latest: −2.66pp
Operating Margin history table for NVR (NVR) from 1994 to 2025
| 2025 | 16.2% | -2.66pp | ||
| 2024 | 18.9% | -0.26pp | ||
| 2023 | 19.1% | -1.47pp | ||
| 2022 | 20.6% | +4.17pp | ||
| 2021 | 16.4% | +3.46pp | ||
| 2020 | 13.0% | +0.14pp | ||
| 2019 | 12.8% | +0.34pp | ||
| 2018 | 12.5% | -0.19pp | ||
| 2017 | 12.7% | +2.00pp | ||
| 2016 | 10.7% | -0.53pp | ||
| 2015 | 11.2% | +1.07pp | ||
| 2014 | 10.1% | +0.61pp | ||
| 2013 | 9.5% | +1.74pp | ||
| 2012 | 7.8% | +0.81pp | ||
| 2011 | 7.0% | -3.62pp | ||
| 2010 | 10.6% | -0.66pp | ||
| 2009 | 11.2% | +6.59pp | ||
| 2008 | 4.6% | -5.07pp | ||
| 2007 | 9.7% | -5.21pp | ||
| 2006 | 14.9% | -5.92pp | ||
| 2005 | 20.9% | +1.26pp | ||
| 2004 | 19.6% | +1.64pp | ||
| 2003 | 18.0% | +1.56pp | ||
| 2002 | 16.4% | +2.08pp | ||
| 2001 | 14.3% | +1.88pp | ||
| 2000 | 12.4% | +2.16pp | ||
| 1999 | 10.3% | +1.68pp | ||
| 1998 | 8.6% | +5.17pp | ||
| 1997 | 3.4% | -2.25pp | ||
| 1996 | 5.7% | +2.44pp | ||
| 1995 | 3.2% | -1.03pp | ||
| 1994 | 4.3% | — |
- 202516.2%-2.66pp
- 202418.9%-0.26pp
- 202319.1%-1.47pp
- 202220.6%+4.17pp
- 202116.4%+3.46pp
- 202013.0%+0.14pp
- 201912.8%+0.34pp
- 201812.5%-0.19pp
- 201712.7%+2.00pp
- 201610.7%-0.53pp
- 201511.2%+1.07pp
- 201410.1%+0.61pp
- 20139.5%+1.74pp
- 20127.8%+0.81pp
- 20117.0%-3.62pp
- 201010.6%-0.66pp
- 200911.2%+6.59pp
- 20084.6%-5.07pp
- 20079.7%-5.21pp
- 200614.9%-5.92pp
- 200520.9%+1.26pp
- 200419.6%+1.64pp
- 200318.0%+1.56pp
- 200216.4%+2.08pp
- 200114.3%+1.88pp
- 200012.4%+2.16pp
- 199910.3%+1.68pp
- 19988.6%+5.17pp
- 19973.4%-2.25pp
- 19965.7%+2.44pp
- 19953.2%-1.03pp
- 19944.3%—
Operating Margin values are taken from NVR's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at NVR (NVR)
According to NVR's latest reported financial statements, the company's latest reported operating margin is 15.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of NVR (NVR) operating margin is 16.19% – contracted 2.7 percentage points year-over-year.
The record annual operating margin stands at 20.86%, reached in 2005; the historical low of 3.24% was recorded in 1995.
NVR Operating Margin by Year
NVR Operating Margin 2025: 16.2%
In 2025, NVR reported operating margin of 16.19%, contracted 2.7 percentage points from 2024.
NVR Operating Margin 2024: 18.9%
NVR operating margin in 2024 was 18.85%, contracted 0.3 percentage points from 2023.
NVR Operating Margin 2023: 19.1%
2023's operating margin for NVR came in at 19.11%, contracted 1.5 percentage points from 2022.
NVR Operating Margin 2022: 20.6%
NVR posted operating margin of 20.58% in 2022, expanded 4.2 percentage points from 2021.
NVR Operating Margin 2021: 16.4%
NVR operating margin in 2021 was 16.41%.
See more financial history for NVR (NVR).
Sector peers by Operating Margin
Consumer Cyclical peers of NVR (NVR), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
Frequently asked questions
NVR (NVR) Key Financials
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