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| 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 |