NVR vs TOL
NVR Inc. and Toll Brothers, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NVR | TOL |
|---|---|---|
| Revenue | $10.3B | $11.0B |
| Net income | $1.3B | $1.3B |
| Gross margin | · | 25.1% |
| Net margin | 13.0% | 12.3% |
| Return on equity | 33.2% | 16.9% |
| Diluted EPS | $436.55 | $13.49 |
| Dividend / share | · | $0.98 |
| Payout ratio | · | 7.2% |
| Free cash flow | $1.1B | $1.0B |
| Equity | $3.9B | $8.3B |
| Net debt / equity | · | −0.12× |
| Current ratio | · | · |
| Revenue CAGR 5y | 6.5% | 9.2% |
| Profit CAGR 5y | 8.3% | 24.7% |
NVR and TOL book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (13.0% against 12.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | NVR | TOL |
|---|---|---|
| FY2025 | $10.3B | $11.0B |
| FY2024 | $10.5B | $10.8B |
| FY2023 | $9.5B | $10.0B |
| FY2022 | $10.5B | $10.3B |
| FY2021 | $9.0B | $8.8B |
| FY2020 | $7.5B | $7.1B |
| FY2019 | $7.4B | $7.2B |
| FY2018 | $7.2B | $7.1B |
| FY2017 | $6.3B | $5.8B |
Bottom line
| Fiscal year | NVR | TOL |
|---|---|---|
| FY2025 | $1.3B | $1.3B |
| FY2024 | $1.7B | $1.6B |
| FY2023 | $1.6B | $1.4B |
| FY2022 | $1.7B | $1.3B |
| FY2021 | $1.2B | $833.6M |
| FY2020 | $901.2M | $446.6M |
| FY2019 | $878.5M | $590.0M |
| FY2018 | $797.2M | $748.2M |
| FY2017 | $537.5M | $535.5M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$642,764,000 | TOL |
| FY2024 | −$322,261,000 | TOL |
| FY2023 | −$476,735,000 | TOL |
| FY2022 | +$250,876,000 | NVR |
| FY2021 | +$160,664,000 | NVR |
| FY2020 | +$459,264,000 | NVR |
| FY2019 | +$164,698,000 | NVR |
| FY2018 | +$20,416,000 | NVR |
| FY2017 | +$490,782,000 | NVR |
The higher-revenue side has changed between NVR and TOL over this period. The gap has widened since the earliest year compared.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.7 pp | NVR |
| FY2024 | +1.5 pp | NVR |
| FY2023 | +3.0 pp | NVR |
| FY2022 | +3.9 pp | NVR |
| FY2021 | +4.3 pp | NVR |
| FY2020 | +5.6 pp | NVR |
| FY2019 | +3.7 pp | NVR |
| FY2018 | +0.7 pp | NVR |
| FY2017 | −0.7 pp | TOL |
The higher net margin has changed hands between NVR and TOL over this period.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NVR's net margin has been more volatile than TOL's over the 9 comparable fiscal years — 2.6 percentage points of standard deviation against 2.6.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NVR and TOL over these 9 fiscal years — NVR led in 8 and TOL in 1.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NVR's return on equity has been more volatile than TOL's over the 18 comparable fiscal years — 13.8 percentage points of standard deviation against 11.8.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NVR and TOL over these 18 fiscal years — NVR led in 17 and TOL in 1.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.