NVR Inc (NVR)

Operating 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
Operating income (ttm)	US$ in thousands	9,404,220	7,043,330	7,232,430	7,555,010	7,757,300	7,756,700	7,378,540	7,004,490	6,668,620	6,676,220	6,271,280	5,608,310	5,149,070	7,179,910	7,099,290	7,295,560	7,416,400	7,369,490	7,281,370	7,231,300
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
Operating profit margin		98.80%	71.89%	72.28%	73.16%	73.69%	77.22%	76.36%	75.41%	74.50%	73.65%	72.42%	70.14%	68.32%	99.96%	99.93%	100.16%	100.38%	99.68%	99.28%	98.77%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,404,220K ÷ $9,518,200K
= 98.80%

The operating profit margin of NVR Inc. has shown some variation over the past eight quarters. In Q4 2023, the operating profit margin was 20.15%, slightly increased from the previous quarter. While there were fluctuations in the margins from quarter to quarter, they generally ranged between 19% and 21% over this period.

This indicates that NVR Inc. has been able to maintain a relatively healthy level of operating efficiency and profitability, as the operating profit margin measures the proportion of revenue that translates into operating income.

Overall, the company has demonstrated consistency in generating operating profits relative to its revenue, with the margins remaining relatively stable despite some minor fluctuations. This suggests effective cost management and operational performance by NVR Inc.