NVR Inc (NVR)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	9,441,460	10,451,200	8,880,980	7,467,690	7,384,460
Revenue	US$ in thousands	9,518,200	10,526,400	8,951,020	7,536,920	7,388,660
Operating profit margin		99.19%	99.29%	99.22%	99.08%	99.94%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $9,441,460K ÷ $9,518,200K
= 99.19%

The operating profit margin of NVR Inc. has exhibited some fluctuation in recent years. In 2023, the operating profit margin stood at 20.15%, showing a slight decrease compared to the previous year's figure of 21.27%. However, it remains relatively strong compared to earlier periods, such as 2021 (17.71%), 2020 (14.23%), and 2019 (14.10%). Overall, the company has been able to maintain healthy operating profit margins, which indicates efficient cost management and operational performance. Further analysis of the underlying factors contributing to these fluctuations would provide more insights into the company's financial health and performance.