vs
Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $581.0M, roughly 1.8× CAVCO INDUSTRIES, INC.). CAVCO INDUSTRIES, INC. runs the higher net margin — 7.6% vs 2.2%, a 5.4% gap on every dollar of revenue. On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs 4.5%). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
CVCO vs LBRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $1.0B |
| Net Profit | $44.1M | $22.6M |
| Gross Margin | 23.4% | — |
| Operating Margin | 9.4% | 2.2% |
| Net Margin | 7.6% | 2.2% |
| Revenue YoY | 11.3% | 4.5% |
| Net Profit YoY | -22.0% | — |
| EPS (diluted) | $5.58 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $581.0M | $1.0B | ||
| Q3 25 | $556.5M | $947.4M | ||
| Q2 25 | $556.9M | $1.0B | ||
| Q1 25 | $508.4M | $977.5M | ||
| Q4 24 | $522.0M | $943.6M | ||
| Q3 24 | $507.5M | $1.1B | ||
| Q2 24 | $477.6M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $44.1M | $13.7M | ||
| Q3 25 | $52.4M | $43.1M | ||
| Q2 25 | $51.6M | $71.0M | ||
| Q1 25 | $36.3M | $20.1M | ||
| Q4 24 | $56.5M | $51.9M | ||
| Q3 24 | $43.8M | $73.8M | ||
| Q2 24 | $34.4M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | 20.6% | ||
| Q3 25 | 24.2% | 18.7% | ||
| Q2 25 | 23.3% | 22.1% | ||
| Q1 25 | 22.8% | 22.1% | ||
| Q4 24 | 24.9% | 21.4% | ||
| Q3 24 | 22.9% | 26.2% | ||
| Q2 24 | 21.7% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 9.4% | 1.9% | ||
| Q3 25 | 11.2% | -0.3% | ||
| Q2 25 | 10.8% | 3.6% | ||
| Q1 25 | 7.6% | 1.9% | ||
| Q4 24 | 12.3% | 2.6% | ||
| Q3 24 | 9.7% | 9.4% | ||
| Q2 24 | 8.1% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 7.6% | 1.3% | ||
| Q3 25 | 9.4% | 4.5% | ||
| Q2 25 | 9.3% | 6.8% | ||
| Q1 25 | 7.1% | 2.1% | ||
| Q4 24 | 10.8% | 5.5% | ||
| Q3 24 | 8.6% | 6.5% | ||
| Q2 24 | 7.2% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $5.58 | $0.08 | ||
| Q3 25 | $6.55 | $0.26 | ||
| Q2 25 | $6.42 | $0.43 | ||
| Q1 25 | $4.42 | $0.12 | ||
| Q4 24 | $6.90 | $0.31 | ||
| Q3 24 | $5.28 | $0.44 | ||
| Q2 24 | $4.11 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $1.1B | $1.9B |
| Total Assets | $1.5B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $241.9M | $27.6M | ||
| Q3 25 | $391.8M | $13.5M | ||
| Q2 25 | $362.4M | $19.6M | ||
| Q1 25 | $376.1M | $24.1M | ||
| Q4 24 | $378.9M | $20.0M | ||
| Q3 24 | $388.7M | $23.0M | ||
| Q2 24 | $380.0M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $1.5B | $3.6B | ||
| Q3 25 | $1.4B | $3.5B | ||
| Q2 25 | $1.4B | $3.4B | ||
| Q1 25 | $1.4B | $3.4B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $1.4B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $57.6M | — |
| FCF MarginFCF / Revenue | 9.9% | — |
| Capex IntensityCapex / Revenue | 1.5% | 13.1% |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $66.1M | $195.4M | ||
| Q3 25 | $78.5M | $51.5M | ||
| Q2 25 | $55.5M | $170.6M | ||
| Q1 25 | $38.6M | $192.1M | ||
| Q4 24 | $37.8M | $177.3M | ||
| Q3 24 | $54.7M | $244.5M | ||
| Q2 24 | $47.4M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $-10.0M | ||
| Q3 25 | $68.7M | $-67.2M | ||
| Q2 25 | $46.4M | $33.1M | ||
| Q1 25 | $32.5M | $58.2M | ||
| Q4 24 | $32.3M | $-26.2M | ||
| Q3 24 | $49.8M | $77.9M | ||
| Q2 24 | $42.4M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | -1.0% | ||
| Q3 25 | 12.4% | -7.1% | ||
| Q2 25 | 8.3% | 3.2% | ||
| Q1 25 | 6.4% | 6.0% | ||
| Q4 24 | 6.2% | -2.8% | ||
| Q3 24 | 9.8% | 6.8% | ||
| Q2 24 | 8.9% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.5% | 19.8% | ||
| Q3 25 | 1.7% | 12.5% | ||
| Q2 25 | 1.6% | 13.2% | ||
| Q1 25 | 1.2% | 13.7% | ||
| Q4 24 | 1.0% | 21.6% | ||
| Q3 24 | 1.0% | 14.6% | ||
| Q2 24 | 1.0% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 14.28× | ||
| Q3 25 | 1.50× | 1.20× | ||
| Q2 25 | 1.08× | 2.40× | ||
| Q1 25 | 1.06× | 9.55× | ||
| Q4 24 | 0.67× | 3.42× | ||
| Q3 24 | 1.25× | 3.31× | ||
| Q2 24 | 1.38× | 2.29× |
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% |
LBRT
Segment breakdown not available.
