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Nvr vs Toll Brothers: revenue, profit, margins and growth compared

Nvr brought in $10.3B of revenue in fiscal 2025, Toll Brothers $11B in fiscal 2025. Revenue changed by -1.9% at Nvr and +1.1% at Toll Brothers on the year before, so Toll Brothers grew faster. Nvr kept 13.0% of its revenue as net profit, Toll Brothers 12.3%. Free cash flow was $1.1B at Nvr and $1B at Toll Brothers.

Side by side, latest fiscal year

NVRTOL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 31, 2025)
Revenue$10.3B$11B
Revenue growth-1.9%+1.1%
Net income$1.3B$1.3B
Net margin13.0%12.3%
Free cash flow$1.1B$1B
Free cash flow margin10.6%9.4%
Earnings per share (diluted)$436.55$13.49
Cash$2B$1.3B
Debtn/an/a
Price to earnings14.410.2
Market value$16.8B$12.8B
Dividend yieldn/a0.71%
Rank by revenue in sector#120 of 778 · Consumer discretionary#116 of 778 · Consumer discretionary

Over the years

Revenue
NVR FY2018: $7.2BNVR FY2019: $7.4BNVR FY2020: $7.5BNVR FY2021: $9BNVR FY2022: $10.5BNVR FY2023: $9.5BNVR FY2024: $10.5BNVR FY2025: $10.3BTOL FY2018: $7.1BTOL FY2019: $7.2BTOL FY2020: $7.1BTOL FY2021: $8.8BTOL FY2022: $10.3BTOL FY2023: $10BTOL FY2024: $10.8BTOL FY2025: $11BFY18FY19FY20FY21FY22FY23FY24FY25
NVR $10.3BTOL $11B
Net income
NVR FY2018: $797.2MNVR FY2019: $878.5MNVR FY2020: $901.2MNVR FY2021: $1.2BNVR FY2022: $1.7BNVR FY2023: $1.6BNVR FY2024: $1.7BNVR FY2025: $1.3BTOL FY2018: $748.2MTOL FY2019: $590MTOL FY2020: $446.6MTOL FY2021: $833.6MTOL FY2022: $1.3BTOL FY2023: $1.4BTOL FY2024: $1.6BTOL FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
NVR $1.3BTOL $1.3B
Net margin
NVR FY2018: 11.1%NVR FY2019: 11.9%NVR FY2020: 12.0%NVR FY2021: 13.8%NVR FY2022: 16.4%NVR FY2023: 16.7%NVR FY2024: 16.0%NVR FY2025: 13.0%TOL FY2018: 10.5%TOL FY2019: 8.2%TOL FY2020: 6.3%TOL FY2021: 9.5%TOL FY2022: 12.5%TOL FY2023: 13.7%TOL FY2024: 14.5%TOL FY2025: 12.3%FY18FY19FY20FY21FY22FY23FY24FY25
NVR 13.0%TOL 12.3%
Revenue growth
NVR FY2019: +3.1%NVR FY2020: +2.0%NVR FY2021: +18.8%NVR FY2022: +17.6%NVR FY2023: -9.6%NVR FY2024: +10.6%NVR FY2025: -1.9%TOL FY2019: +1.1%TOL FY2020: -2.0%TOL FY2021: +24.2%TOL FY2022: +16.9%TOL FY2023: -2.7%TOL FY2024: +8.5%TOL FY2025: +1.1%FY19FY20FY21FY22FY23FY24FY25
NVR -1.9%TOL +1.1%
Free cash flow
NVR FY2018: $703.5MNVR FY2019: $843.8MNVR FY2020: $909.2MNVR FY2021: $1.2BNVR FY2022: $1.9BNVR FY2023: $1.5BNVR FY2024: $1.3BNVR FY2025: $1.1BTOL FY2018: $560MTOL FY2019: $350.7MTOL FY2020: $898.6MTOL FY2021: $1.2BTOL FY2022: $915.1MTOL FY2023: $1.2BTOL FY2024: $936.5MTOL FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
NVR $1.1BTOL $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Nvr and Toll Brothers

Which is bigger by revenue, Nvr or Toll Brothers?

Toll Brothers is bigger by revenue: $11B in fiscal 2025, against $10.3B for Nvr in fiscal 2025.

Which keeps more of its revenue as profit, Nvr or Toll Brothers?

Nvr had a net margin of 13.0% in fiscal 2025; Toll Brothers had 12.3% in fiscal 2025.

Which grew revenue faster, Nvr or Toll Brothers?

In their latest fiscal years revenue changed by -1.9% at Nvr and +1.1% at Toll Brothers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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