NVR Inc (NVR)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	9,462,160	7,064,480	7,262,970	7,584,570	7,785,770	7,785,470	7,405,760	7,031,060	6,694,650	6,700,950	6,295,670	5,632,570	5,173,490	7,179,410	7,099,720	7,287,770	7,400,430	7,379,650	7,306,160	7,274,680
Revenue (ttm)	US$ in thousands	9,518,200	9,797,810	10,005,690	10,326,300	10,526,430	10,044,590	9,663,330	9,287,990	8,951,030	9,064,710	8,659,080	7,995,850	7,536,930	7,183,110	7,104,360	7,284,180	7,388,660	7,393,010	7,334,160	7,321,270
Gross profit margin		99.41%	72.10%	72.59%	73.45%	73.96%	77.51%	76.64%	75.70%	74.79%	73.92%	72.71%	70.44%	68.64%	99.95%	99.93%	100.05%	100.16%	99.82%	99.62%	99.36%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,462,160K ÷ $9,518,200K
= 99.41%

The gross profit margin of NVR Inc. has experienced fluctuations over the past eight quarters. For Q4 2023, the gross profit margin stands at 27.18%, a slight increase from the previous quarter's 26.58%. The trend in recent quarters has shown some variability, with margins ranging from 26.19% to 27.55%. While the company has managed to maintain a margin above 26% consistently, there is room for improvement to achieve greater stability in this key metric. Monitoring and analyzing the factors impacting gross profit margin will be crucial for NVR Inc. to enhance its profitability and operational efficiency.