Cavco Industries (CVCO) Gross Margin (2010 - 2025)
Cavco Industries (CVCO) reported Gross Margin of 23.39% for Q4 2025, down 150.0% year-over-year from 46.79% in Q4 2024, and down 3.13% quarter-over-quarter from 24.15% in Q3 2025.
Cavco Industries (CVCO) Gross Margin (2010 - 2025) Analysis & Trends
Cavco Industries (CVCO) has 16 years of Gross Margin data on file, last reported at 23.39% in Q4 2025.
- Gross Margin for Q4 2025 came in at 23.39%, down 150.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 23.42% (up 15.0% YoY), and the FY2025 annual result was 23.1%, down 68.0% from the prior year.
- Gross Margin retreated to 23.39% in Q4 2025 per CVCO's latest filing, from 24.15% in the prior quarter.
- Over five years, Gross Margin peaked at 27.29% in Q4 2022 and troughed at 21.65% in Q2 2024.
- A 5-year average of 24.23% and a median of 23.91% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 617 bps in 2022, then tumbled 363 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 25.01% in 2021, then climbed by 5 bps to 26.36% in 2022, then declined by 13 bps to 23.07% in 2023, then increased by 8 bps to 24.89% in 2024, then dropped by 6 bps to 23.39% in 2025.
- Business Quant data shows CVCO's Gross Margin at 23.39% in Q4 2025, 24.15% in Q3 2025, and 23.26% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.54 Bn | 42.20 Bn | 1.70 Bn | 22.54% |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 25.85% |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | 96.10% |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | -0.07% |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | 23.39% |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | 26.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 27, 2025 | 23.39% |
| Sep 27, 2025 | 24.15% |
| Jun 28, 2025 | 23.26% |
| Mar 29, 2025 | 22.84% |
| Dec 28, 2024 | 24.89% |
| Sep 28, 2024 | 22.88% |
| Jun 29, 2024 | 21.65% |
| Mar 30, 2024 | 23.57% |
| Dec 30, 2023 | 23.07% |
| Sep 30, 2023 | 23.66% |
| Jul 1, 2023 | 24.77% |
| Apr 1, 2023 | 25.32% |
| Dec 31, 2022 | 26.36% |
| Oct 1, 2022 | 27.29% |
| Jul 2, 2022 | 24.60% |
| Apr 2, 2022 | 25.64% |
| Jan 1, 2022 | 26.69% |
| Oct 2, 2021 | 25.01% |
| Jul 3, 2021 | 22.40% |
| Apr 3, 2021 | 23.12% |