NVR Inc (NVR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,928,370 | 2,253,190 | 1,590,400 | 1,078,030 | 1,025,800 |
| Revenue | US$ in thousands | 9,518,200 | 10,526,400 | 8,951,020 | 7,536,920 | 7,388,660 |
| Pretax margin | 20.26% | 21.41% | 17.77% | 14.30% | 13.88% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,928,370K ÷ $9,518,200K
= 20.26%
The pretax margin of NVR Inc. has exhibited a generally upward trend over the past five years, indicating an improvement in the company's efficiency in generating profits before taxes. The pretax margins for the years ending on December 31, 2020, and 2021, stood at 14.25% and 17.74%, respectively, reflecting a steady growth trajectory in profitability. However, there was a slight decline in pretax margin in 2022 compared to the previous year, with a decrease from 21.31% to 19.92%. Despite this dip, the pretax margin remained relatively healthy, showcasing the company's ability to maintain profitability levels. Overall, the consistent improvement in pretax margin demonstrates NVR Inc.'s focus on cost management and operational efficiency in driving its financial performance.
Peer comparison
Dec 31, 2023