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

Cavco Industries' (CVCO) quarterly Operating Expenses came in at $81.4 million in Q4 2025, up 23.31% year-on-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 (CVCO) has 16 years of Operating Expenses data on file, last reported at $81.4 million in Q4 2025.

  • On a quarterly basis, Operating Expenses rose 23.31% year-over-year to $81.4 million in Q4 2025; TTM through Dec 2025 was $300.2 million, a 15.81% increase from a year earlier, with the FY2025 full-year figure at $275.3 million, up 11.05% from the prior year.
  • Operating Expenses for Q4 2025 stood at $81.4 million, up from $72.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for CVCO reached as high as $81.4 million in Q4 2025 and fell as low as $40.8 million in Q3 2021.
  • Historically, Operating Expenses has averaged $62.7 million across 5 years, with a median of $64.1 million in 2023.
  • Across the five-year window, Operating Expenses soared 70.33% in 2022 and fell 8.05% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $45.4 million in 2021, then advanced by 29.82% to $58.9 million in 2022, then increased by 7.48% to $63.3 million in 2023, then climbed by 4.21% to $66.0 million in 2024, then climbed 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 40.90 Bn 39.56 Bn 2.15 Bn 991.20 Mn
2 Pultegroup 23.36 Bn 22.03 Bn 3.92 Bn 382.97 Mn
3 Lennar 19.77 Bn 19.63 Bn 7.69 Bn 7.54 Bn
4 Nvr 17.18 Bn 15.54 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 15.08 Bn 13.99 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.96 Bn 6.31 Bn 290.64 Mn 148.85 Mn
7 Installed Building Products 5.97 Bn 5.50 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.78 Bn 4.01 Bn 68.61 Mn 130.87 Mn
9 Champion Homes 4.47 Bn 3.81 Bn 172.19 Mn 109.73 Mn
10 Cavco Industries 4.39 Bn 4.35 Bn 135.92 Mn 81.36 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