NVR, Inc. NVR

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
79/100
Strong

About NVR, Inc.

NVR, Inc. operates as a homebuilder in the United States. The company operates through Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland … Full NVR analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.95), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 100.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
84

Where NVR ranks in Residential Construction

NVR, Inc. ranks #2 of 22 scored companies in Residential Construction by moat score — the top 9%. The widest moat in the group is PulteGroup, Inc. (PHM) at 80/100.

Moat scores for companies ranked near NVR in Residential Construction
# Company Moat score Rating
1 PulteGroup, Inc. PHM 80/100 Strong
2 NVR, Inc. NVR 79/100 Strong
3 Green Brick Partners, Inc. GRBK 78/100 Strong
4 Toll Brothers, Inc. TOL 76/100 Strong
5 Installed Building Products, In IBP 70/100 Moderate
6 Legacy Housing Corporation LEGH 70/100 Moderate
7 Taylor Morrison Home Corporatio TMHC 69/100 Moderate
8 M/I Homes, Inc. MHO 68/100 Moderate
9 Cavco Industries, Inc. CVCO 64/100 Moderate

See every General Corporate company ranked by moat score →

How NVR scores on the Corporate Default defenses

Pricing Power

Score 84 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 88 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 76 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 80 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 69 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 77 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding NVR's moat

What is NVR, Inc.'s moat score?

NVR, Inc. (NVR) scores 79 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 22 scored companies in Residential Construction, the top 9%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in Residential Construction. Its strongest defense is Cost Advantage (88/100) and its weakest is Resilience (69/100).

How does NVR, Inc. compare with other Residential Construction companies?

NVR, Inc. ranks #2 of 22 scored companies in Residential Construction by moat score. The widest moat in Residential Construction is PulteGroup, Inc. (PHM) at 80/100. The companies ranked closest are PulteGroup, Inc. (PHM) at 80 just above it and Green Brick Partners, Inc. (GRBK) at 78 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in Residential Construction. The defenses are then weighted to produce the overall score out of 100.

Why is NVR, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for NVR, Inc.?

The Corporate Default template measures 6 defenses, and NVR scores: Pricing Power (84), Cost Advantage (88), Customer Stickiness (76), Capital Efficiency (80), Resilience (69), Scale & Market Position (77). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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