NVR
NVR returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Reported borrowing balances are unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 31.54% | 20.01% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 33.26% | 21.03% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 33.18% | 21.9% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 34.8% | 22.89% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 38.1% | 24.62% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 38.25% | 24.93% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 39.23% | 25.91% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 38.72% | 25.42% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 39.54% | 25.85% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 40.09% | 26.03% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 40.44% | 25.96% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 45.09% | 27.82% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 45.19% | 27.95% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 50.03% | 27.86% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 53.02% | 30.02% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 52.62% | 28.72% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 50.58% | 27.39% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 49% | 24.49% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 40.51% | 21.3% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 40.67% | 21.39% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 40.02% | 21.38% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 35.67% | 20.07% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 33.11% | 18.8% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 32.22% | 18.25% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 34.65% | 19.67% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 40.12% | 23.88% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 42.34% | 25.19% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 42.16% | 24.65% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 44.36% | 25% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 48.7% | 26.4% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 46.7% | 25.9% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 41.38% | 22.47% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 41.74% | 22.13% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 41.78% | 21.5% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 36.94% | 19.08% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 38.23% | 19.74% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 35.88% | 18.48% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 34.74% | 17.52% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 33.44% | 16.49% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 32.16% | 15.61% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 30.96% | 15.39% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 33.79% | 16.64% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 32.4% | 15.74% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 29.13% | 13.98% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 27.13% | 12.94% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 23.83% | 12.11% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 23.61% | 11.64% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 23.08% | 11.35% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 22.55% | 11.1% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 17.74% | 9.84% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 19.44% | 10.47% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 17.28% | 9.17% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 14.03% | 8.82% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 13.16% | 8.66% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 12.65% | 8.24% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 11.18% | 7.12% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 9% | 6.85% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 8.3% | 6.51% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 8.31% | 6.41% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 10.27% | 7.69% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 9.02% | 6.89% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · NVR, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.