Cavco Industries (CVCO) Operating Margin (2010 - 2025)
Cavco Industries (CVCO) recorded Operating Margin of 9.39% in fiscal Q3 2026 (quarter ended Dec 27, 2025), down 2.86 percentage points from 12.25% a year earlier and down 1.78 percentage points from the prior quarter.
Cavco Industries (CVCO) Operating Margin (2010 - 2025) Analysis & Trends
On a TTM basis, Cavco Industries' Operating Margin came in at 9.79% as of Dec 27, 2025, down 0.03 percentage points year-over-year; for FY2025 (ended Mar 29, 2025), it was 9.44%, down 0.53 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +1.44 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Operating Margin came in at 9.97% in FY2024 (-3.87 pp), 13.84% in FY2023 (+1.40 pp), 12.44% in FY2022 (+4.43 pp) and 8.02% in FY2021 (+0.02 pp).
- Quarterly Operating Margin has ranged from 7.60% in fiscal Q4 2025 to 15.71% in fiscal Q2 2023 over the past five years.
- On a year-over-year basis, Operating Margin rose in three of the last eight quarters, with an average year-over-year change of -0.39 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 5.38 percentage points in fiscal Q2 2022, against a drop of 5.70 percentage points in fiscal Q3 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 11.17% (Q2 2026), 10.84% (Q1 2026) and 7.60% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 12.52% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 16.95% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | -84.82% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 14.38% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 13.51% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 16.70% |
| 7 | Champion Homes | 4.80 Bn | 2.28 Bn | - | - |
| 8 | Cavco Industries | 4.31 Bn | 3.07 Bn | - | - |
| 9 | Meritage Homes | 4.24 Bn | 1.16 Bn | 513.60 Mn | 16.42% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | -68.02% |
Historic 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% |
Cavco Industries Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CVCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CVCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CVCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();