NVR (NVR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the current quarter rose sequentially, marking a reversal of two consecutive declines, yet remained below the level achieved in the same quarter of the prior year. The trailing twelve-month revenue also reflected a year-over-year contraction.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the current quarter rose sequentially, marking a reversal of two consecutive declines, yet remained below the level achieved in the same quarter of the prior year. The trailing twelve-month revenue also reflected a year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
+9.9%
Change from the immediately preceding quarter.
Year-over-year
-7.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2.7B | +21.6% |
| Mar 31, 2023 | $2.2B | -8.4% |
| Jun 30, 2023 | $2.3B | -12.1% |
| Sep 30, 2023 | $2.6B | -7.5% |
Revenue performance
The reported revenue increased from the immediately preceding quarter, while it decreased compared with the same quarter one year earlier.
Quarterly comparison
Sequentially, revenue improved following two prior quarters of decline. On an annual basis, the current quarter's revenue was lower than the comparable period last year.
What to watch
The sustainability of the sequential revenue improvement after earlier declines will be a key focus for the upcoming quarters.