Nvr (NVR) Gross Margin (2009 - 2026)
Nvr's Gross Margin came in at 20.85% for Q2 2026, down 2.19 percentage points from 23.04% a year earlier and down 0.76 percentage points from the prior quarter.
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Analysis
Nvr (NVR) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nvr reported Gross Margin of 21.99%, down 2.28 percentage points year-over-year; for FY2025, it came in at 22.96%, down 2.45 percentage points from FY2024.
- Gross Margin has declined in each of the last three years, though with a five-year change of +1.74 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 25.41% in FY2024 (-0.51 pp), 25.92% in FY2023 (-1.29 pp), 27.21% in FY2022 (+2.77 pp) and 24.44% in FY2021 (+3.22 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin since Q2 2020.
- Year-over-year, Gross Margin has declined for 11 consecutive quarters, with an average year-over-year change of -1.90 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2022 (a gain of 7.84 percentage points), and the weakest in Q1 2023 (a drop of 4.38 percentage points).
- Business Quant data shows NVR's Gross Margin at 21.61% (Q1 2026), 22.71% (Q4 2025) and 22.54% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.50 Bn | 29.80 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 21.65 Bn | 14.94 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 18.69 Bn | 9.07 Bn | 618.54 Mn | 7.69% |
| 4 | Nvr | 16.09 Bn | 9.37 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.70 Bn | 8.07 Bn | 625.22 Mn | 23.52% |
| 6 | Champion Homes | 4.26 Bn | 1.73 Bn | - | - |
| 7 | Cavco Industries | 4.04 Bn | 2.79 Bn | - | - |
| 8 | Meritage Homes | 3.95 Bn | 875.15 Mn | 513.60 Mn | 18.28% |
| 9 | M | 3.17 Bn | 242.64 Mn | 235.50 Mn | 22.15% |
| 10 | Green Brick Partners | 2.66 Bn | 2.09 Bn | 157.52 Mn | 31.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.85% |
| Mar 31, 2026 | 21.61% |
| Dec 31, 2025 | 22.71% |
| Sep 30, 2025 | 22.54% |
| Jun 30, 2025 | 23.04% |
| Mar 31, 2025 | 23.62% |
| Dec 31, 2024 | 25.30% |
| Sep 30, 2024 | 24.95% |
| Jun 30, 2024 | 25.45% |
| Mar 31, 2024 | 26.02% |
| Dec 31, 2023 | 25.47% |
| Sep 30, 2023 | 25.96% |
| Jun 30, 2023 | 26.09% |
| Mar 31, 2023 | 26.18% |
| Dec 31, 2022 | 26.49% |
| Sep 30, 2022 | 24.65% |
| Jun 30, 2022 | 27.61% |
| Mar 31, 2022 | 30.57% |
| Dec 31, 2021 | 26.20% |
| Sep 30, 2021 | 24.11% |
API Access
Nvr Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NVR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NVR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NVR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();