Cavco Industries (CVCO) Operating Expenses (2010 - 2025)

Cavco Industries (CVCO) reported 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% quarter-over-quarter from $72.2 million in Q3 2025.

Cavco Industries (CVCO) Operating Expenses (2010 - 2025) Analysis & Trends

Cavco Industries (CVCO) has 16 years of Operating Expenses data on file, last reported 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 Dec 2025 was $300.2 million (up 15.81% YoY), and the FY2025 annual result was $275.3 million, up 11.05% from the prior year.
  • Operating Expenses grew to $81.4 million in Q4 2025 per CVCO's latest filing, 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 sharpest annual moves came in 2022 and 2023: Operating Expenses surged 70.33% in 2022, then decreased 8.05% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $45.4 million in 2021, then increased by 29.82% to $58.9 million in 2022, then advanced by 7.48% to $63.3 million in 2023, then rose by 4.21% to $66.0 million in 2024, then rose by 23.31% to $81.4 million in 2025.
  • Business Quant data shows CVCO's Operating Expenses at $81.4 million in Q4 2025, $72.2 million in Q3 2025, and $69.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 41.60 Bn 40.25 Bn 1.70 Bn 903.30 Mn
2 Pultegroup 22.64 Bn 20.83 Bn 881.27 Mn 380.33 Mn
3 Lennar 22.34 Bn 20.15 Bn 6.36 Bn 6.40 Bn
4 Nvr 17.27 Bn 15.62 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 13.05 Bn 11.95 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.86 Bn 6.86 Bn 290.64 Mn 58.97 Mn
7 Installed Building Products 5.39 Bn 4.91 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.60 Bn 3.84 Bn -269,000.00 51.40 Mn
9 Cavco Industries 4.47 Bn 4.44 Bn 135.92 Mn 81.36 Mn
10 Champion Homes 4.25 Bn 3.59 Bn 172.19 Mn 109.73 Mn

Historic Data

Download Data
DateValue
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