Direct Answer
NVR, Inc. reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Home Building is the largest, with $10.1 billion of revenue (98% of the total), followed by Mortgage Banking at $230 million (2%).
How Does NVR, Inc. Make Money?
Home Building supplies 98% of revenue, so NVR, Inc.'s results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Mortgage Banking grew fastest (-1.0%) and Home Building slowest (-1.9%), so the revenue mix tilts toward Mortgage Banking while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Home Building | $10.1 billion | $10.3 billion | 97.8% | -1.9% |
| Mortgage Banking | $230 million | $232 million | 2.2% | -1.0% |
What the Segment Figures Do Not Show
The rows above add up to 100% of NVR, Inc.'s reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value NVR, Inc. reported in the segment note and revenue disclosures of its Form 10-K filed February 11, 2026 (accession 0000906163-26-000018), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are NVR, Inc.'s business segments?
In its fiscal 2025 Form 10-K, NVR, Inc. reports revenue for Home Building and Mortgage Banking.
Which part of NVR, Inc. brings in the most revenue?
Home Building, with $10.1 billion of revenue in fiscal 2025, or 98% of the total.
Where does NVR, Inc. report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 11, 2026, alongside management's discussion of each segment's results.