NVR fourth-quarter net income falls 10% to $410.1 million on lower revenue
NVR reported fourth-quarter 2023 net income of $410.1 million, or $121.56 per diluted share, down 10% and 9%, respectively, from a year earlier, on consolidated revenue of $2.43 billion, down 10%. For the full year, net income was $1.59 billion, down 8%, and diluted earnings per share were $463.31, down 6%, so shareholders received lower profit per share on a smaller revenue base despite higher new orders.
Key points
- Q4 2023 net income was $410.1 million, or $121.56 per diluted share, versus $454.8 million, or $133.44 per diluted share, in Q4 2022.
- Q4 2023 consolidated revenues were $2.43 billion, down 10% from $2.71 billion.
- Q4 2023 new orders rose 25% to 5,190 units, while gross profit margin in homebuilding fell to 24.1% from 25.3%.
- Full-year 2023 diluted earnings per share were $463.31, down 6% from $491.82 in 2022.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.