NVR Inc (NVR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,591,610	1,725,580	1,236,720	901,248	878,539
Revenue	US$ in thousands	9,518,200	10,526,400	8,951,020	7,536,920	7,388,660
Net profit margin		16.72%	16.39%	13.82%	11.96%	11.89%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,591,610K ÷ $9,518,200K
= 16.72%

NVR Inc.'s net profit margin has shown a consistent improvement over the past five years, increasing from 11.83% in 2019 to 16.44% in 2023. This trend indicates that the company has been effectively controlling its expenses relative to its total revenue, resulting in a higher proportion of net income generated from its operations. The steady growth in net profit margin reflects NVR Inc.'s ability to efficiently convert sales into profits, which is a positive indicator of operational efficiency and profitability. Overall, the upward trajectory in net profit margin suggests that the company has been managing its costs efficiently and improving its profitability over the period analyzed.