How do NVR, Inc. and Toast, Inc. compare by revenue?

NVR, Inc. reported revenue of $2.7B in Q4 FY2025, while Toast, Inc. reported $1.6B in Q4 FY2025. NVR, Inc. is 1.7× larger by last-quarter revenue.

Which is growing revenue faster, NVR, Inc. or Toast, Inc.?

NVR, Inc.'s latest revenue grew -4.7% year-over-year, versus 22.0% for Toast, Inc.. Toast, Inc. is growing faster on a YoY basis.

Which has a higher net margin, NVR, Inc. or Toast, Inc.?

NVR, Inc.'s net margin is 13.4% vs Toast, Inc.'s 6.2%. NVR, Inc. has the higher bottom-line margin.

Which generates more free cash flow, NVR, Inc. or Toast, Inc.?

NVR, Inc. generated $436.0M of free cash flow last quarter, versus $178.0M for Toast, Inc.. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for NVR, Inc. vs Toast, Inc.?

Over the trailing 8 quarters, NVR, Inc. compounded revenue at roughly 7.8% per year, versus 23.3% for Toast, Inc.. Toast, Inc. has the faster medium-term growth trajectory.

Where does this NVR vs TOST data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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

NVR, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.6B, roughly 1.7× Toast, Inc.). NVR, Inc. runs the higher net margin — 13.4% vs 6.2%, a 7.2% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -4.7%). NVR, Inc. produced more free cash flow last quarter ($436.0M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 7.8%).

NVR, Inc.NVREarnings & Financial Report

NYSE · Consumer Discretionary · Homebuilding

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.

Toast, Inc.TOSTEarnings & Financial Report

NYSE · Information Technology · Services-Computer Processing & Data Preparation

Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.

NVR vs TOST — Head-to-Head

Bigger by revenue

NVR

1.7× larger

$2.7B

$1.6B

Growing faster (revenue YoY)

TOST

+26.7% gap

22.0%

-4.7%

Higher net margin

NVR

7.2% more per $

13.4%

6.2%

More free cash flow

NVR

$258.0M more FCF

$436.0M

$178.0M

Faster 2-yr revenue CAGR

TOST

Annualised

23.3%

7.8%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	NVR	TOST
Revenue	$2.7B	$1.6B
Net Profit	$363.8M	$101.0M
Gross Margin	—	25.9%
Operating Margin	—	5.2%
Net Margin	13.4%	6.2%
Revenue YoY	-4.7%	22.0%
Net Profit YoY	-20.5%	215.6%
EPS (diluted)	$120.85	$0.18

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

TOST

Q4 25	$2.7B	$1.6B
Q3 25	$2.6B	$1.6B
Q2 25	$2.6B	$1.6B
Q1 25	$2.4B	$1.3B
Q4 24	$2.8B	$1.3B
Q3 24	$2.7B	$1.3B
Q2 24	$2.6B	$1.2B
Q1 24	$2.3B	$1.1B

Net Profit

NVR

TOST

Q4 25	$363.8M	$101.0M
Q3 25	$342.7M	$105.0M
Q2 25	$333.7M	$80.0M
Q1 25	$299.6M	$56.0M
Q4 24	$457.4M	$32.0M
Q3 24	$429.3M	$56.0M
Q2 24	$400.9M	$14.0M
Q1 24	$394.3M	$-83.0M

Gross Margin

NVR

TOST

Q4 25	—	25.9%
Q3 25	—	26.5%
Q2 25	—	25.3%
Q1 25	—	25.9%
Q4 24	—	24.9%
Q3 24	—	24.7%
Q2 24	—	23.0%
Q1 24	—	23.2%

Operating Margin

NVR

TOST

Q4 25	—	5.2%
Q3 25	—	5.1%
Q2 25	—	5.2%
Q1 25	—	3.2%
Q4 24	—	2.5%
Q3 24	—	2.6%
Q2 24	—	0.4%
Q1 24	—	-5.2%

Net Margin

NVR

TOST

Q4 25	13.4%	6.2%
Q3 25	13.1%	6.4%
Q2 25	12.8%	5.2%
Q1 25	12.5%	4.2%
Q4 24	16.1%	2.4%
Q3 24	15.7%	4.3%
Q2 24	15.3%	1.1%
Q1 24	16.9%	-7.7%

EPS (diluted)

NVR

TOST

Q4 25	$120.85	$0.18
Q3 25	$112.33	$0.16
Q2 25	$108.54	$0.13
Q1 25	$94.83	$0.09
Q4 24	$139.09	$0.09
Q3 24	$130.50	$0.07
Q2 24	$120.69	$0.02
Q1 24	$116.41	$-0.15

Balance Sheet & Financial Strength

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

Metric	NVR	TOST
Cash + ST InvestmentsLiquidity on hand	—	$1.4B
Total DebtLower is stronger	—	—
Stockholders' EquityBook value	$3.9B	$2.1B
Total Assets	$5.9B	$3.1B
Debt / EquityLower = less leverage	—	—

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

NVR

TOST

Q4 25	—	$1.4B
Q3 25	—	$1.4B
Q2 25	—	$1.2B
Q1 25	—	$1.0B
Q4 24	—	$903.0M
Q3 24	—	$761.0M
Q2 24	—	$691.0M
Q1 24	—	$578.0M

Stockholders' Equity

NVR

TOST

Q4 25	$3.9B	$2.1B
Q3 25	$4.0B	$2.0B
Q2 25	$3.8B	$1.8B
Q1 25	$4.0B	$1.7B
Q4 24	$4.2B	$1.5B
Q3 24	$4.3B	$1.4B
Q2 24	$4.1B	$1.3B
Q1 24	$4.3B	$1.2B

Total Assets

NVR

TOST

Q4 25	$5.9B	$3.1B
Q3 25	$6.0B	$3.0B
Q2 25	$5.9B	$2.8B
Q1 25	$6.2B	$2.6B
Q4 24	$6.4B	$2.4B
Q3 24	$6.5B	$2.2B
Q2 24	$6.4B	$2.2B
Q1 24	$6.5B	$2.1B

Cash Flow & Capital Efficiency

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

Metric	NVR	TOST
Operating Cash FlowLast quarter	$439.7M	$194.0M
Free Cash FlowOCF − Capex	$436.0M	$178.0M
FCF MarginFCF / Revenue	16.1%	10.9%
Capex IntensityCapex / Revenue	0.1%	1.0%
Cash ConversionOCF / Net Profit	1.21×	1.92×
TTM Free Cash FlowTrailing 4 quarters	$1.1B	$608.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

NVR

TOST

Q4 25	$439.7M	$194.0M
Q3 25	$438.7M	$165.0M
Q2 25	$35.1M	$223.0M
Q1 25	$207.8M	$79.0M
Q4 24	$637.0M	$147.0M
Q3 24	$358.3M	$109.0M
Q2 24	$232.7M	$124.0M
Q1 24	$146.5M	$-20.0M