NVRNVR INC
Operative Builders
- Revenue
- $10.3B
- 1.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $16.7B
- Employees
- 6,300
- $2M revenue each
- Net debt / EBITDA
- —
- −$2.2B net debt
- AI in 10-K
- 0.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo84% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes163% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M · 33rd pctBottom quartile of its SIC industry
- Quiet on AIYes0.3 per 10K words · 14th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$16.7B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$8M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $9.0B | $10.5B | $9.5B | $10.5B | $10.3B | 1.9% |
| Net income | $1.2B | $1.7B | $1.6B | $1.7B | $1.3B | 20% |
| Operating cash flow | $1.2B | $1.9B | $1.5B | $1.4B | $1.1B | 18% |
| Capex | $18M | $18M | $25M | $29M | $25M | 16% |
| Stock-based comp | $58M | $83M | $100M | $74M | $69M | 6.4% |
| Buybacks | $1.5B | $1.5B | $1.1B | $2.1B | $1.8B | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $578K · 3
- Open-market sells, 12 mo
- $9M · 4
- Net
- −$8M
Pay vs performance
No pay-versus-performance disclosure yet.