NVR vs Toll Brothers
NVR and Toll Brothers are similar in size: $10.32bn and $10.97bn of revenue in their latest fiscal years. Toll Brothers grew faster (1.1% against -1.9%). NVR kept more of each dollar of sales as profit: a net margin of 13.0% against 12.3%. NVR carries less debt relative to equity (0.0% against 3.0%).
| Latest fiscal year | NVRNVR, 2025 | Toll BrothersTOL, 2025 |
|---|---|---|
| Revenue | $10.32bn | $10.97bn |
| Revenue growth | -1.9% | 1.1% |
| Net income | $1.34bn | $1.35bn |
| Operating margin | — | 15.7% |
| Net margin | 13.0% | 12.3% |
| Return on equity | 33.2% | 16.9% |
| Free cash flow | $1.10bn | $1.03bn |
| Cash | $1.96bn | $1.26bn |
| Total debt | $0 | $249m |
| Debt to equity | 0.0% | 3.0% |
| Dividend per share | — | $0.98 |
| Dividend yield | — | 0.7% |
| Share buybacks | $1.83bn | $651m |
| Employees | 6,300 | — |
| Market value | $16.94bn | $14.13bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 86 (Strong) | 65 (Moderate) |
| Insider trades, 12 months | 3 buys, 4 sales | 0 buys, 9 sales |