NVR (NVR) FY2023 results: revenue $9.5 billion, down 9.6% on the year
NVR Inc. (NVR) reported revenue of $9.5 billion for fiscal 2023, the year ended 31 December 2023, down 9.6% on the year before. Net income was $1.6 billion, down 7.8%, and diluted earnings per share $463.31. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$9.5 billion
-9.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$1.6 billion
-7.8% on the year
FY2016FY2023
Diluted EPS
$463.31
-5.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,498
1,870
1,242
-19.9%
Capital expenditure
24.9
18.4
17.9
+35.0%
Free cash flow
1,473
1,852
1,225
-20.4%
Free cash flow margin
15.5%
17.6%
13.7%
Cash from investing
-24.1
-27.4
-18.2
Cash from financing
-833
-1,905
-1,397
Depreciation and amortisation
16.9
17.4
19.5
-2.8%
Share-based compensation
99.5
82.5
58.2
+20.6%
Buybacks
1,082
1,500
1,538
-27.9%
Diluted shares, weighted
3m
4m
4m
-2.1%
Shares outstanding at period end
3m
3m
3m
-0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,365
3,507
3,002
+24.5%
Debt
913
915
1,516
-0.2%
Other liabilities
1,324
1,239
1,316
+6.8%
Total liabilities and equity
6,602
5,661
5,834
+16.6%
Cash and equivalents
3,215
2,575
2,637
+24.9%
Other assets
3,386
3,086
3,197
+9.7%
Total assets
6,602
5,661
5,834
+16.6%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.