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Side-by-side financial comparison of NVR, Inc. (NVR) and Snap Inc (SNAP). Click either name above to swap in a different company.

NVR, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.7B, roughly 1.6× Snap Inc). NVR, Inc. runs the higher net margin — 13.4% vs 2.6%, a 10.8% gap on every dollar of revenue. On growth, Snap Inc posted the faster year-over-year revenue change (10.2% vs -4.7%). NVR, Inc. produced more free cash flow last quarter ($436.0M vs $205.6M). Over the past eight quarters, Snap Inc's revenue compounded faster (19.9% CAGR vs 7.8%).

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.

Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown, based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, Bitmoji, and SnapBoost. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, to include the Spectacles product under the company name.

NVR vs SNAP — Head-to-Head

Bigger by revenue
NVR
NVR
1.6× larger
NVR
$2.7B
$1.7B
SNAP
Growing faster (revenue YoY)
SNAP
SNAP
+14.9% gap
SNAP
10.2%
-4.7%
NVR
Higher net margin
NVR
NVR
10.8% more per $
NVR
13.4%
2.6%
SNAP
More free cash flow
NVR
NVR
$230.5M more FCF
NVR
$436.0M
$205.6M
SNAP
Faster 2-yr revenue CAGR
SNAP
SNAP
Annualised
SNAP
19.9%
7.8%
NVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVR
NVR
SNAP
SNAP
Revenue
$2.7B
$1.7B
Net Profit
$363.8M
$45.2M
Gross Margin
59.1%
Operating Margin
2.9%
Net Margin
13.4%
2.6%
Revenue YoY
-4.7%
10.2%
Net Profit YoY
-20.5%
396.7%
EPS (diluted)
$120.85
$0.03

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
SNAP
SNAP
Q4 25
$2.7B
$1.7B
Q3 25
$2.6B
$1.5B
Q2 25
$2.6B
$1.3B
Q1 25
$2.4B
$1.4B
Q4 24
$2.8B
$1.6B
Q3 24
$2.7B
$1.4B
Q2 24
$2.6B
$1.2B
Q1 24
$2.3B
$1.2B
Net Profit
NVR
NVR
SNAP
SNAP
Q4 25
$363.8M
$45.2M
Q3 25
$342.7M
$-103.5M
Q2 25
$333.7M
$-262.6M
Q1 25
$299.6M
$-139.6M
Q4 24
$457.4M
$9.1M
Q3 24
$429.3M
$-153.2M
Q2 24
$400.9M
$-248.6M
Q1 24
$394.3M
$-305.1M
Gross Margin
NVR
NVR
SNAP
SNAP
Q4 25
59.1%
Q3 25
55.3%
Q2 25
51.4%
Q1 25
53.1%
Q4 24
56.9%
Q3 24
53.5%
Q2 24
52.4%
Q1 24
51.9%
Operating Margin
NVR
NVR
SNAP
SNAP
Q4 25
2.9%
Q3 25
-8.5%
Q2 25
-19.3%
Q1 25
-14.2%
Q4 24
-1.7%
Q3 24
-12.6%
Q2 24
-20.5%
Q1 24
-27.9%
Net Margin
NVR
NVR
SNAP
SNAP
Q4 25
13.4%
2.6%
Q3 25
13.1%
-6.9%
Q2 25
12.8%
-19.5%
Q1 25
12.5%
-10.2%
Q4 24
16.1%
0.6%
Q3 24
15.7%
-11.2%
Q2 24
15.3%
-20.1%
Q1 24
16.9%
-25.5%
EPS (diluted)
NVR
NVR
SNAP
SNAP
Q4 25
$120.85
$0.03
Q3 25
$112.33
$-0.06
Q2 25
$108.54
$-0.16
Q1 25
$94.83
$-0.08
Q4 24
$139.09
$0.01
Q3 24
$130.50
$-0.09
Q2 24
$120.69
$-0.15
Q1 24
$116.41
$-0.19

Balance Sheet & Financial Strength

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

Metric
NVR
NVR
SNAP
SNAP
Cash + ST InvestmentsLiquidity on hand
$2.9B
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$3.9B
$2.3B
Total Assets
$5.9B
$7.7B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVR
NVR
SNAP
SNAP
Q4 25
$2.9B
Q3 25
$3.0B
Q2 25
$2.9B
Q1 25
$3.2B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$3.1B
Q1 24
$2.9B
Total Debt
NVR
NVR
SNAP
SNAP
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.6B
Q2 24
$3.6B
Q1 24
$3.3B
Stockholders' Equity
NVR
NVR
SNAP
SNAP
Q4 25
$3.9B
$2.3B
Q3 25
$4.0B
$2.2B
Q2 25
$3.8B
$2.1B
Q1 25
$4.0B
$2.3B
Q4 24
$4.2B
$2.5B
Q3 24
$4.3B
$2.2B
Q2 24
$4.1B
$2.1B
Q1 24
$4.3B
$2.1B
Total Assets
NVR
NVR
SNAP
SNAP
Q4 25
$5.9B
$7.7B
Q3 25
$6.0B
$7.6B
Q2 25
$5.9B
$7.4B
Q1 25
$6.2B
$7.6B
Q4 24
$6.4B
$7.9B
Q3 24
$6.5B
$7.6B
Q2 24
$6.4B
$7.4B
Q1 24
$6.5B
$7.2B
Debt / Equity
NVR
NVR
SNAP
SNAP
Q4 25
1.55×
Q3 25
1.59×
Q2 25
1.73×
Q1 25
1.56×
Q4 24
1.49×
Q3 24
1.65×
Q2 24
1.76×
Q1 24
1.55×

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
SNAP
SNAP
Operating Cash FlowLast quarter
$439.7M
$269.6M
Free Cash FlowOCF − Capex
$436.0M
$205.6M
FCF MarginFCF / Revenue
16.1%
12.0%
Capex IntensityCapex / Revenue
0.1%
3.7%
Cash ConversionOCF / Net Profit
1.21×
5.96×
TTM Free Cash FlowTrailing 4 quarters
$1.1B
$437.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVR
NVR
SNAP
SNAP
Q4 25
$439.7M
$269.6M
Q3 25
$438.7M
$146.5M
Q2 25
$35.1M
$88.5M
Q1 25
$207.8M
$151.6M
Q4 24
$637.0M
$230.6M
Q3 24
$358.3M
$115.9M
Q2 24
$232.7M
$-21.4M
Q1 24
$146.5M
$88.4M
Free Cash Flow
NVR
NVR
SNAP
SNAP
Q4 25
$436.0M
$205.6M
Q3 25
$433.3M
$93.4M
Q2 25
$26.8M
$23.8M
Q1 25
$200.7M
$114.4M
Q4 24
$631.5M
$182.4M
Q3 24
$350.1M
$71.8M
Q2 24
$226.3M
$-73.4M
Q1 24
$137.5M
$37.9M
FCF Margin
NVR
NVR
SNAP
SNAP
Q4 25
16.1%
12.0%
Q3 25
16.6%
6.2%
Q2 25
1.0%
1.8%
Q1 25
8.4%
8.4%
Q4 24
22.2%
11.7%
Q3 24
12.8%
5.2%
Q2 24
8.7%
-5.9%
Q1 24
5.9%
3.2%
Capex Intensity
NVR
NVR
SNAP
SNAP
Q4 25
0.1%
3.7%
Q3 25
0.2%
3.5%
Q2 25
0.3%
4.8%
Q1 25
0.3%
2.7%
Q4 24
0.2%
3.1%
Q3 24
0.3%
3.2%
Q2 24
0.2%
4.2%
Q1 24
0.4%
4.2%
Cash Conversion
NVR
NVR
SNAP
SNAP
Q4 25
1.21×
5.96×
Q3 25
1.28×
Q2 25
0.11×
Q1 25
0.69×
Q4 24
1.39×
25.34×
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%

SNAP
SNAP

Advertising Revenue$1.5B86%
Other Revenue$231.9M14%

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