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

NVR, Inc. is the larger business by last-quarter revenue ($2.7B vs $2.0B, roughly 1.3× Xerox Holdings Corp). On growth, Xerox Holdings Corp posted the faster year-over-year revenue change (25.7% vs -4.7%). NVR, Inc. produced more free cash flow last quarter ($436.0M vs $192.0M). Over the past eight quarters, Xerox Holdings Corp's revenue compounded faster (16.2% 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.

Xerox Corporation is an American corporation that sells printers, digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduction of the Xerox 914 in 1959, so much so that the word xerox is commonly used as a synonym for photocopy. Xerox is headquartered in Norwalk, Connecticut, though it is incorporated in New York with its largest group of employees based around Rochester, New York, where the company was fou...

NVR vs XRX — Head-to-Head

Bigger by revenue
NVR
NVR
1.3× larger
NVR
$2.7B
$2.0B
XRX
Growing faster (revenue YoY)
XRX
XRX
+30.4% gap
XRX
25.7%
-4.7%
NVR
More free cash flow
NVR
NVR
$244.0M more FCF
NVR
$436.0M
$192.0M
XRX
Faster 2-yr revenue CAGR
XRX
XRX
Annualised
XRX
16.2%
7.8%
NVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVR
NVR
XRX
XRX
Revenue
$2.7B
$2.0B
Net Profit
$363.8M
Gross Margin
Operating Margin
Net Margin
13.4%
Revenue YoY
-4.7%
25.7%
Net Profit YoY
-20.5%
EPS (diluted)
$120.85
$-0.62

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
XRX
XRX
Q4 25
$2.7B
$2.0B
Q3 25
$2.6B
$2.0B
Q2 25
$2.6B
$1.6B
Q1 25
$2.4B
$1.5B
Q4 24
$2.8B
$1.6B
Q3 24
$2.7B
$1.5B
Q2 24
$2.6B
$1.6B
Q1 24
$2.3B
$1.5B
Net Profit
NVR
NVR
XRX
XRX
Q4 25
$363.8M
Q3 25
$342.7M
$-760.0M
Q2 25
$333.7M
$-106.0M
Q1 25
$299.6M
$-90.0M
Q4 24
$457.4M
Q3 24
$429.3M
$-1.2B
Q2 24
$400.9M
$18.0M
Q1 24
$394.3M
$-113.0M
Net Margin
NVR
NVR
XRX
XRX
Q4 25
13.4%
Q3 25
13.1%
-38.8%
Q2 25
12.8%
-6.7%
Q1 25
12.5%
-6.2%
Q4 24
16.1%
Q3 24
15.7%
-78.9%
Q2 24
15.3%
1.1%
Q1 24
16.9%
-7.5%
EPS (diluted)
NVR
NVR
XRX
XRX
Q4 25
$120.85
$-0.62
Q3 25
$112.33
$-6.01
Q2 25
$108.54
$-0.87
Q1 25
$94.83
$-0.75
Q4 24
$139.09
$-0.21
Q3 24
$130.50
$-9.71
Q2 24
$120.69
$0.11
Q1 24
$116.41
$-0.94

Balance Sheet & Financial Strength

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

Metric
NVR
NVR
XRX
XRX
Cash + ST InvestmentsLiquidity on hand
$512.0M
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$3.9B
$444.0M
Total Assets
$5.9B
$9.8B
Debt / EquityLower = less leverage
9.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVR
NVR
XRX
XRX
Q4 25
$512.0M
Q3 25
$479.0M
Q2 25
$449.0M
Q1 25
$336.0M
Q4 24
$576.0M
Q3 24
$521.0M
Q2 24
$485.0M
Q1 24
$685.0M
Total Debt
NVR
NVR
XRX
XRX
Q4 25
$4.0B
Q3 25
$4.1B
Q2 25
$3.5B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$3.2B
Q1 24
$3.2B
Stockholders' Equity
NVR
NVR
XRX
XRX
Q4 25
$3.9B
$444.0M
Q3 25
$4.0B
$365.0M
Q2 25
$3.8B
$1.1B
Q1 25
$4.0B
$1.1B
Q4 24
$4.2B
$1.1B
Q3 24
$4.3B
$1.3B
Q2 24
$4.1B
$2.4B
Q1 24
$4.3B
$2.4B
Total Assets
NVR
NVR
XRX
XRX
Q4 25
$5.9B
$9.8B
Q3 25
$6.0B
$10.1B
Q2 25
$5.9B
$8.9B
Q1 25
$6.2B
$8.2B
Q4 24
$6.4B
$8.4B
Q3 24
$6.5B
$8.3B
Q2 24
$6.4B
$9.5B
Q1 24
$6.5B
$9.9B
Debt / Equity
NVR
NVR
XRX
XRX
Q4 25
9.05×
Q3 25
11.10×
Q2 25
3.11×
Q1 25
2.56×
Q4 24
2.62×
Q3 24
2.11×
Q2 24
1.34×
Q1 24
1.35×

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
XRX
XRX
Operating Cash FlowLast quarter
$439.7M
$208.0M
Free Cash FlowOCF − Capex
$436.0M
$192.0M
FCF MarginFCF / Revenue
16.1%
9.5%
Capex IntensityCapex / Revenue
0.1%
0.8%
Cash ConversionOCF / Net Profit
1.21×
TTM Free Cash FlowTrailing 4 quarters
$1.1B
$187.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVR
NVR
XRX
XRX
Q4 25
$439.7M
$208.0M
Q3 25
$438.7M
$116.0M
Q2 25
$35.1M
$-11.0M
Q1 25
$207.8M
$-89.0M
Q4 24
$637.0M
$351.0M
Q3 24
$358.3M
$116.0M
Q2 24
$232.7M
$123.0M
Q1 24
$146.5M
$-79.0M
Free Cash Flow
NVR
NVR
XRX
XRX
Q4 25
$436.0M
$192.0M
Q3 25
$433.3M
$104.0M
Q2 25
$26.8M
$-15.0M
Q1 25
$200.7M
$-94.0M
Q4 24
$631.5M
$346.0M
Q3 24
$350.1M
$108.0M
Q2 24
$226.3M
$117.0M
Q1 24
$137.5M
$-87.0M
FCF Margin
NVR
NVR
XRX
XRX
Q4 25
16.1%
9.5%
Q3 25
16.6%
5.3%
Q2 25
1.0%
-1.0%
Q1 25
8.4%
-6.5%
Q4 24
22.2%
21.5%
Q3 24
12.8%
7.1%
Q2 24
8.7%
7.4%
Q1 24
5.9%
-5.8%
Capex Intensity
NVR
NVR
XRX
XRX
Q4 25
0.1%
0.8%
Q3 25
0.2%
0.6%
Q2 25
0.3%
0.3%
Q1 25
0.3%
0.3%
Q4 24
0.2%
0.3%
Q3 24
0.3%
0.5%
Q2 24
0.2%
0.4%
Q1 24
0.4%
0.5%
Cash Conversion
NVR
NVR
XRX
XRX
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×
6.83×
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%

XRX
XRX

Other$596.0M29%
Manufactured Product Other$485.0M24%
Supplies Paper And Other Sales$483.0M24%
IT Solutions Segment$155.0M8%
CA$128.0M6%
IT Products$100.0M5%
Rental And Other$52.0M3%
Financial Service$29.0M1%

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