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

Cavco Industries (CVCO) reported Operating Margin of 9.39% for Q4 2025, down 286.0% year-over-year from 5.05% in Q4 2024, and down 15.95% quarter-over-quarter from 11.17% in Q3 2025.

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

Cavco Industries (CVCO) has 16 years of Operating Margin data on file, last reported at 9.39% in Q4 2025.

  • Operating Margin for Q4 2025 came in at 9.39%, down 286.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 9.79% (down 3.0% YoY), and the FY2025 annual result was 9.44%, down 53.0% from the prior year.
  • Operating Margin eased to 9.39% in Q4 2025 per CVCO's latest filing, from 11.17% in the prior quarter.
  • Over five years, Operating Margin peaked at 15.71% in Q4 2022 and troughed at 7.6% in Q1 2025.
  • A 5-year average of 11.08% and a median of 11.01% in 2025 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2021 and 2023: Operating Margin surged 538 bps in 2021, then slumped 570 bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 12.39% in 2021, then increased by 18 bps to 14.6% in 2022, then tumbled by 39 bps to 8.89% in 2023, then surged by 38 bps to 12.25% in 2024, then slipped by 23 bps to 9.39% in 2025.
  • Business Quant data shows CVCO's Operating Margin at 9.39% in Q4 2025, 11.17% in Q3 2025, and 10.84% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 10.58%
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 14.70%
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn -0.64%
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 61.14%
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 13.69%
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 16.70%
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 8.72%
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 -13.63%
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 9.39%
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn 9.51%

Historic Data

Download Data
DateValue
Dec 27, 2025 9.39%
Sep 27, 2025 11.17%
Jun 28, 2025 10.84%
Mar 29, 2025 7.60%
Dec 28, 2024 12.25%
Sep 28, 2024 9.68%
Jun 29, 2024 8.07%
Mar 30, 2024 8.95%
Dec 30, 2023 8.89%
Sep 30, 2023 10.05%
Jul 1, 2023 11.81%
Apr 1, 2023 11.39%
Dec 31, 2022 14.60%
Oct 1, 2022 15.71%
Jul 2, 2022 13.36%
Apr 2, 2022 13.82%
Jan 1, 2022 12.71%
Oct 2, 2021 12.39%
Jul 3, 2021 10.04%
Apr 3, 2021 8.78%