NVR vs PulteGroup
PulteGroup is the larger business, with $17.31bn of revenue in fiscal 2025 against $10.32bn for NVR (1.7 times as much). NVR grew faster (-1.9% against -3.5%). NVR kept more of each dollar of sales as profit: a net margin of 13.0% against 12.8%. NVR carries less debt relative to equity (0.0% against 0.3%).
| Latest fiscal year | NVRNVR, 2025 | PulteGroupPHM, 2025 |
|---|---|---|
| Revenue | $10.32bn | $17.31bn |
| Revenue growth | -1.9% | -3.5% |
| Net income | $1.34bn | $2.22bn |
| Operating margin | — | — |
| Net margin | 13.0% | 12.8% |
| Return on equity | 33.2% | 17.7% |
| Free cash flow | $1.10bn | $1.75bn |
| Cash | $1.96bn | $1.98bn |
| Total debt | $0 | $43.9m |
| Debt to equity | 0.0% | 0.3% |
| Dividend per share | — | $0.92 |
| Dividend yield | — | 0.8% |
| Share buybacks | $1.83bn | $1.20bn |
| Employees | 6,300 | 6,506 |
| Market value | $16.94bn | $23.85bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 86 (Strong) | 77 (Strong) |
| Insider trades, 12 months | 3 buys, 4 sales | 0 buys, 8 sales |