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| Date | Value |
|---|---|
| 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 |