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Side-by-side financial comparison of NVR, Inc. (NVR) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

PAN AMERICAN SILVER CORP is the larger business by last-quarter revenue ($2.8B vs $2.7B, roughly 1.0× NVR, Inc.).

NVR, Inc. is an American company engaged in home construction headquartered in Reston, Virginia. It also operates a mortgage banking and title services business. The company primarily operates on the East Coast of the United States, but its operations encompass 14 states as well as Washington, D.C. In 2021, 22% of the company's revenue was from the Washington metropolitan area.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

NVR vs PAAS — Head-to-Head

Bigger by revenue
PAAS
PAAS
1.0× larger
PAAS
$2.8B
$2.7B
NVR

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
NVR
NVR
PAAS
PAAS
Revenue
$2.7B
$2.8B
Net Profit
$363.8M
Gross Margin
27.0%
Operating Margin
Net Margin
13.4%
Revenue YoY
-4.7%
Net Profit YoY
-20.5%
EPS (diluted)
$120.85
$-1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NVR
NVR
PAAS
PAAS
Q4 25
$2.7B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.4B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$2.6B
Q1 24
$2.3B
Net Profit
NVR
NVR
PAAS
PAAS
Q4 25
$363.8M
Q3 25
$342.7M
Q2 25
$333.7M
Q1 25
$299.6M
Q4 24
$457.4M
Q3 24
$429.3M
Q2 24
$400.9M
Q1 24
$394.3M
Net Margin
NVR
NVR
PAAS
PAAS
Q4 25
13.4%
Q3 25
13.1%
Q2 25
12.8%
Q1 25
12.5%
Q4 24
16.1%
Q3 24
15.7%
Q2 24
15.3%
Q1 24
16.9%
EPS (diluted)
NVR
NVR
PAAS
PAAS
Q4 25
$120.85
Q3 25
$112.33
Q2 25
$108.54
Q1 25
$94.83
Q4 24
$139.09
Q3 24
$130.50
Q2 24
$120.69
Q1 24
$116.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVR
NVR
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
Total Assets
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
NVR
NVR
PAAS
PAAS
Q4 25
$3.9B
Q3 25
$4.0B
Q2 25
$3.8B
Q1 25
$4.0B
Q4 24
$4.2B
Q3 24
$4.3B
Q2 24
$4.1B
Q1 24
$4.3B
Total Assets
NVR
NVR
PAAS
PAAS
Q4 25
$5.9B
Q3 25
$6.0B
Q2 25
$5.9B
Q1 25
$6.2B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$6.4B
Q1 24
$6.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVR
NVR
PAAS
PAAS
Operating Cash FlowLast quarter
$439.7M
Free Cash FlowOCF − Capex
$436.0M
FCF MarginFCF / Revenue
16.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.21×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVR
NVR
PAAS
PAAS
Q4 25
$439.7M
Q3 25
$438.7M
Q2 25
$35.1M
Q1 25
$207.8M
Q4 24
$637.0M
Q3 24
$358.3M
Q2 24
$232.7M
Q1 24
$146.5M
Free Cash Flow
NVR
NVR
PAAS
PAAS
Q4 25
$436.0M
Q3 25
$433.3M
Q2 25
$26.8M
Q1 25
$200.7M
Q4 24
$631.5M
Q3 24
$350.1M
Q2 24
$226.3M
Q1 24
$137.5M
FCF Margin
NVR
NVR
PAAS
PAAS
Q4 25
16.1%
Q3 25
16.6%
Q2 25
1.0%
Q1 25
8.4%
Q4 24
22.2%
Q3 24
12.8%
Q2 24
8.7%
Q1 24
5.9%
Capex Intensity
NVR
NVR
PAAS
PAAS
Q4 25
0.1%
Q3 25
0.2%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.4%
Cash Conversion
NVR
NVR
PAAS
PAAS
Q4 25
1.21×
Q3 25
1.28×
Q2 25
0.11×
Q1 25
0.69×
Q4 24
1.39×
Q3 24
0.83×
Q2 24
0.58×
Q1 24
0.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NVR
NVR

Home Building Segment$2.6B97%
Mortgage Banking Segment$77.4M3%

PAAS
PAAS

Segment breakdown not available.

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