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| Date | Value |
|---|---|
| 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% |