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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and GRIFFON CORP (GFF). Click either name above to swap in a different company.
GRIFFON CORP is the larger business by last-quarter revenue ($649.1M vs $581.0M, roughly 1.1× CAVCO INDUSTRIES, INC.). GRIFFON CORP runs the higher net margin — 9.9% vs 7.6%, a 2.3% gap on every dollar of revenue. On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs 2.6%). GRIFFON CORP produced more free cash flow last quarter ($99.3M vs $57.6M). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs -1.8%).
Cavco Industries, Inc. is an American company that manufactures modular homes, Recreational vehicle (RVs), vacation cabins, and manufactured homes. The company operates through a network of manufacturing facilities and retail locations across the United States. Cavco is Headquartered in Phoenix, Arizona.
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
CVCO vs GFF — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $649.1M |
| Net Profit | $44.1M | $64.4M |
| Gross Margin | 23.4% | 41.1% |
| Operating Margin | 9.4% | 17.5% |
| Net Margin | 7.6% | 9.9% |
| Revenue YoY | 11.3% | 2.6% |
| Net Profit YoY | -22.0% | -9.1% |
| EPS (diluted) | $5.58 | $1.41 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $581.0M | $649.1M | ||
| Q3 25 | $556.5M | $662.2M | ||
| Q2 25 | $556.9M | $613.6M | ||
| Q1 25 | $508.4M | $611.7M | ||
| Q4 24 | $522.0M | $632.4M | ||
| Q3 24 | $507.5M | $659.7M | ||
| Q2 24 | $477.6M | $647.8M | ||
| Q1 24 | $420.1M | $672.9M |
| Q4 25 | $44.1M | $64.4M | ||
| Q3 25 | $52.4M | $43.6M | ||
| Q2 25 | $51.6M | $-120.1M | ||
| Q1 25 | $36.3M | $56.8M | ||
| Q4 24 | $56.5M | $70.9M | ||
| Q3 24 | $43.8M | $62.5M | ||
| Q2 24 | $34.4M | $41.1M | ||
| Q1 24 | $33.9M | $64.1M |
| Q4 25 | 23.4% | 41.1% | ||
| Q3 25 | 24.2% | 41.7% | ||
| Q2 25 | 23.3% | 43.2% | ||
| Q1 25 | 22.8% | 41.2% | ||
| Q4 24 | 24.9% | 41.8% | ||
| Q3 24 | 22.9% | 39.9% | ||
| Q2 24 | 21.7% | 38.5% | ||
| Q1 24 | 23.6% | 40.2% |
| Q4 25 | 9.4% | 17.5% | ||
| Q3 25 | 11.2% | 18.0% | ||
| Q2 25 | 10.8% | -20.5% | ||
| Q1 25 | 7.6% | 16.5% | ||
| Q4 24 | 12.3% | 17.7% | ||
| Q3 24 | 9.7% | 16.9% | ||
| Q2 24 | 8.1% | 13.8% | ||
| Q1 24 | 8.9% | 16.9% |
| Q4 25 | 7.6% | 9.9% | ||
| Q3 25 | 9.4% | 6.6% | ||
| Q2 25 | 9.3% | -19.6% | ||
| Q1 25 | 7.1% | 9.3% | ||
| Q4 24 | 10.8% | 11.2% | ||
| Q3 24 | 8.6% | 9.5% | ||
| Q2 24 | 7.2% | 6.3% | ||
| Q1 24 | 8.1% | 9.5% |
| Q4 25 | $5.58 | $1.41 | ||
| Q3 25 | $6.55 | $1.04 | ||
| Q2 25 | $6.42 | $-2.65 | ||
| Q1 25 | $4.42 | $1.21 | ||
| Q4 24 | $6.90 | $1.49 | ||
| Q3 24 | $5.28 | $1.29 | ||
| Q2 24 | $4.11 | $0.84 | ||
| Q1 24 | $4.05 | $1.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $241.9M | $95.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $108.9M |
| Total Assets | $1.5B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $95.3M | ||
| Q3 25 | $391.8M | $99.0M | ||
| Q2 25 | $362.4M | $107.3M | ||
| Q1 25 | $376.1M | $127.8M | ||
| Q4 24 | $378.9M | $152.0M | ||
| Q3 24 | $388.7M | $114.4M | ||
| Q2 24 | $380.0M | $133.5M | ||
| Q1 24 | $371.0M | $123.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | $1.1B | $108.9M | ||
| Q3 25 | $1.1B | $74.0M | ||
| Q2 25 | $1.1B | $63.9M | ||
| Q1 25 | $1.1B | $214.7M | ||
| Q4 24 | $1.1B | $227.8M | ||
| Q3 24 | $1.0B | $224.9M | ||
| Q2 24 | $1.0B | $223.5M | ||
| Q1 24 | $1.0B | $202.2M |
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.4B | $2.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 22.71× | ||
| Q1 25 | — | 7.16× | ||
| Q4 24 | — | 6.48× | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | — | 6.74× | ||
| Q1 24 | — | 7.84× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $66.1M | $107.0M |
| Free Cash FlowOCF − Capex | $57.6M | $99.3M |
| FCF MarginFCF / Revenue | 9.9% | 15.3% |
| Capex IntensityCapex / Revenue | 1.5% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.50× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $107.0M | ||
| Q3 25 | $78.5M | $75.0M | ||
| Q2 25 | $55.5M | $123.1M | ||
| Q1 25 | $38.6M | $16.5M | ||
| Q4 24 | $37.8M | $142.9M | ||
| Q3 24 | $54.7M | $72.1M | ||
| Q2 24 | $47.4M | $122.1M | ||
| Q1 24 | — | $39.8M |
| Q4 25 | $57.6M | $99.3M | ||
| Q3 25 | $68.7M | $62.4M | ||
| Q2 25 | $46.4M | $114.4M | ||
| Q1 25 | $32.5M | $2.8M | ||
| Q4 24 | $32.3M | $125.5M | ||
| Q3 24 | $49.8M | $51.6M | ||
| Q2 24 | $42.4M | $107.5M | ||
| Q1 24 | — | $20.8M |
| Q4 25 | 9.9% | 15.3% | ||
| Q3 25 | 12.4% | 9.4% | ||
| Q2 25 | 8.3% | 18.6% | ||
| Q1 25 | 6.4% | 0.5% | ||
| Q4 24 | 6.2% | 19.8% | ||
| Q3 24 | 9.8% | 7.8% | ||
| Q2 24 | 8.9% | 16.6% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 1.5% | 1.2% | ||
| Q3 25 | 1.7% | 1.9% | ||
| Q2 25 | 1.6% | 1.4% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 1.0% | 2.8% | ||
| Q3 24 | 1.0% | 3.1% | ||
| Q2 24 | 1.0% | 2.2% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 1.50× | 1.66× | ||
| Q3 25 | 1.50× | 1.72× | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.06× | 0.29× | ||
| Q4 24 | 0.67× | 2.02× | ||
| Q3 24 | 1.25× | 1.15× | ||
| Q2 24 | 1.38× | 2.97× | ||
| Q1 24 | — | 0.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
