NVR Inc (NVR)
Return on total capital
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,894,151 | 1,988,881 | 2,075,041 | 2,143,101 | 2,054,119 | 2,054,429 | 1,991,955 | 1,955,505 | 2,046,461 | 2,045,862 | 2,153,922 | 2,291,603 | 2,149,623 | 2,051,219 | 1,895,670 | 1,641,933 | 1,600,431 | 1,486,232 | 1,274,914 | 1,153,891 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,966,760 | 3,845,130 | 3,954,660 | 4,210,070 | 4,271,250 | 4,133,910 | 4,344,380 | 4,364,720 | 4,172,580 | 4,153,260 | 3,845,350 | 3,506,850 | 3,084,840 | 2,991,670 | 2,725,600 | 3,002,380 | 3,017,050 | 3,042,290 | 3,046,510 | 3,103,070 |
| Return on total capital | 47.75% | 51.72% | 52.47% | 50.90% | 48.09% | 49.70% | 45.85% | 44.80% | 49.05% | 49.26% | 56.01% | 65.35% | 69.68% | 68.56% | 69.55% | 54.69% | 53.05% | 48.85% | 41.85% | 37.19% |
September 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,894,151K ÷ ($—K + $3,966,760K)
= 47.75%
Peer comparison
Sep 30, 2025
Company name
Symbol
Return on total capital
NVR Inc
NVR
47.75%
DR Horton Inc
DHI
19.59%
KB Home
KBH
14.21%
Lennar Corporation
LEN
12.81%
M/I Homes Inc
MHO
19.06%
Meritage Corporation
MTH
10.34%
PulteGroup Inc
PHM
22.42%
Toll Brothers Inc
TOL
21.26%