NVR, Inc. management check
NVR · Consumer Discretionary · Homebuilding · CEO Eugene James Bredow
Filings as of
5 good · 1 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $179, against $215 for the peer group the company picked itself.
- Flag
Does pay follow performance?
Pay moved against returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.32 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.1% of net income$1.7m of reported pay in fiscal 2025, against $1.3bn of net income.
- Good
Do they own the stock?
Insiders are buyingThe CEO holds 140 shares, directly or through trusts (unvested awards not counted): about 0.5 years of pay. 2 insiders bought $479k on the open market in the last six months, with their own money, near the lows.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -5.5% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Good
Is leadership stable?
3 leadership filings in 3 years3 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 29 | 70 | |
| Pay for performance | 34 | 79 | |
| CEO cost | 100 | 44 | |
| Skin in the game | 38 | 36 | |
| Dilution | 100 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Homebuilding, by management score. NVR, Inc. is 20th of 47 in its sector.
- 6PHMPulteGroup91
- 159NVRNVR, Inc.72
- 160LVSLas Vegas Sands72
- 164ORLYO'Reilly Automotive71
- 176DHID. R. Horton71
- 439LENLennar48
Pay versus performance
From the proxy statement filed March 17, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | — | $1.7m | −$9.1m | $1.5m | $179 | $215 | $1.3bn |
| 2024 | — | $2.3m | $13.9m | $2.3m | $201 | $213 | $1.7bn |
| 2023 | — | $1.8m | $32.1m | $2.2m | $172 | $214 | $1.6bn |
| 2022 | — | $42.9m | $16.2m | $8.5m | $113 | $119 | $1.7bn |
| 2021 | — | $4.2m | $62.6m | $1.2m | $145 | $152 | $1.2bn |
Its other key measures: Total Shareholder Return, Consolidated Pre-Tax Profit, New Orders, Return on Capital, Return on Equity, Diluted Earnings Per Share.
Insiders and the CEO's stake
Eugene James Bredow (Chief Executive Officer) held 140 shares directly after their latest Form 4 on May 14, 2026, roughly $809k at that filing's price.
2 insiders bought $479k on the open market in the last six months, with their own money, near the lows.
- BoughtGeorge OliverDirector$405kAug 7, 2026
- BoughtMichael J DeVitoDirector$74kApr 24, 2026
Leadership and governance on file
- May 15, 2026Leadership change8-K 5.02
- Oct 1, 2025Leadership change8-K 5.02
- Jul 1, 2025Leadership change8-K 5.02
- May 6, 2022Leadership change8-K 5.02
- Mar 24, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 8, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $8.0bn returned to owners in buybacks and dividends, 106% of net income, and $383.4m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.0bn | $10.5bn | $9.5bn | $10.5bn | $10.3bn |
| Net income | $1.2bn | $1.7bn | $1.6bn | $1.7bn | $1.3bn |
| Stock-based pay | $58.2m | $82.5m | $99.5m | $73.9m | $69.2m |
| Buybacks | $1.5bn | $1.5bn | $1.1bn | $2.1bn | $1.8bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 4m | 4m | 3m | 3m | 3m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.