Nvr (NVR) Operating Expenses (2009 - 2026)

Nvr (NVR) recorded quarterly Operating Expenses of $157.0 million in Q1 2026, up 10.04% quarter-over-quarter from $142.6 million in Q4 2025, and down 4.93% on a YoY basis from $165.1 million in Q1 2025.

Nvr (NVR) Operating Expenses (2009 - 2026) Analysis & Trends

Nvr's Operating Expenses history runs 18 years deep, the most recent figure standing at $157.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 4.93% year-over-year to $157.0 million; the TTM figure through Mar 2026 stood at $468.8 million (down 5.29% YoY), while the FY2025 annual figure was $599.7 million, changed 0.24% from the prior year.
  • Operating Expenses was $157.0 million for Q1 2026 at Nvr, up from $142.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $519.4 million in Q4 2023 to a low of $22.3 million in Q4 2022.
  • Historically, Operating Expenses has averaged $117.8 million across 5 years, with a median of $132.4 million in 2022.
  • Biggest YoY gain for Operating Expenses was 2229.26% in 2023; the steepest drop was 82.74% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $22.3 million in 2022, then jumped by 2229.26% to $519.4 million in 2023, then tumbled by 70.21% to $154.7 million in 2024, then slipped by 7.8% to $142.6 million in 2025, then climbed by 10.04% to $157.0 million in 2026.
  • The last three Operating Expenses figures came in at $157.0 million (Q1 2026), $142.6 million (Q4 2025), and $142.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 903.30 Mn
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 380.33 Mn
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn 6.40 Bn
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 58.97 Mn
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 51.40 Mn
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 81.36 Mn
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn 109.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 156.97 Mn
Dec 31, 2025 142.64 Mn
Sep 30, 2025 142.74 Mn
Jun 30, 2025 26.43 Mn
Mar 31, 2025 165.12 Mn
Dec 31, 2024 154.71 Mn
Sep 30, 2024 149.78 Mn
Jun 30, 2024 25.35 Mn
Mar 31, 2024 23.36 Mn
Dec 31, 2023 519.42 Mn
Sep 30, 2023 142.72 Mn
Jun 30, 2023 22.85 Mn
Mar 31, 2023 22.63 Mn
Dec 31, 2022 22.30 Mn
Sep 30, 2022 24.25 Mn
Jun 30, 2022 132.43 Mn
Mar 31, 2022 129.51 Mn
Dec 31, 2021 -258.43 Mn
Sep 30, 2021 112.23 Mn
Jun 30, 2021 113.41 Mn