Cavco Industries (CVCO) Operating Expenses (2010 - 2025)
Cavco Industries (CVCO) posted quarterly Operating Expenses of $81.4 million for Q4 2025, up 23.31% year-over-year from $66.0 million in Q4 2024, and up 12.64% on a QoQ basis from $72.2 million in Q3 2025.
Cavco Industries (CVCO) Operating Expenses (2010 - 2025) Analysis & Trends
Cavco Industries has reported Operating Expenses for 16 years, with the latest figure at $81.4 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $81.4 million, up 23.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $222.7 million (down 19.1% YoY), and the FY2025 annual result was $275.3 million, up 11.05% from the prior year.
- Operating Expenses advanced to $81.4 million in Q4 2025, from $72.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $81.4 million in Q4 2025 and troughed at $40.8 million in Q3 2021.
- A 5-year average of $62.7 million and a median of $64.1 million in 2023 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses soared 70.33%; it then fell 8.05% in 2023.
- A 5-year view of Operating Expenses shows it stood at $45.4 million in 2021, then rose by 29.82% to $58.9 million in 2022, then climbed by 7.48% to $63.3 million in 2023, then gained by 4.21% to $66.0 million in 2024, then gained by 23.31% to $81.4 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $81.4 million in Q4 2025, $72.2 million in Q3 2025, and $69.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.98 Bn | 39.85 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 24.45 Bn | 23.08 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 20.97 Bn | 18.79 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 17.21 Bn | 16.12 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 14.01 Bn | 12.90 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Installed Building Products | 6.61 Bn | 6.21 Bn | 258.90 Mn | 164.30 Mn |
| 8 | Champion Homes | 5.07 Bn | 4.43 Bn | - | - |
| 9 | Meritage Homes | 4.73 Bn | 3.93 Bn | 254.14 Mn | 144.19 Mn |
| 10 | Cavco Industries | 4.55 Bn | 4.29 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 27, 2025 | 81.36 Mn |
| Sep 27, 2025 | 72.23 Mn |
| Jun 28, 2025 | 69.15 Mn |
| Mar 29, 2025 | 77.49 Mn |
| Dec 28, 2024 | 65.98 Mn |
| Sep 28, 2024 | 67.00 Mn |
| Jun 29, 2024 | 64.85 Mn |
| Mar 30, 2024 | 61.42 Mn |
| Dec 30, 2023 | 63.31 Mn |
| Sep 30, 2023 | 61.51 Mn |
| Jul 1, 2023 | 61.68 Mn |
| Apr 1, 2023 | 66.39 Mn |
| Dec 31, 2022 | 58.90 Mn |
| Oct 1, 2022 | 66.89 Mn |
| Jul 2, 2022 | 66.14 Mn |
| Apr 2, 2022 | 59.73 Mn |
| Jan 1, 2022 | 60.32 Mn |
| Oct 2, 2021 | 45.37 Mn |
| Jul 3, 2021 | 40.83 Mn |
| Apr 3, 2021 | 43.96 Mn |