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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.
CAVCO INDUSTRIES, INC. is the larger business by last-quarter revenue ($581.0M vs $25.5M, roughly 22.8× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs 7.6%, a 24.6% gap on every dollar of revenue. On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs -30.6%). CAVCO INDUSTRIES, INC. produced more free cash flow last quarter ($57.6M vs $15.7M). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs -9.1%).
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.
Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.
CVCO vs LEGH — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $25.5M |
| Net Profit | $44.1M | $8.2M |
| Gross Margin | 23.4% | 26.4% |
| Operating Margin | 9.4% | 40.4% |
| Net Margin | 7.6% | 32.2% |
| Revenue YoY | 11.3% | -30.6% |
| Net Profit YoY | -22.0% | -43.5% |
| EPS (diluted) | $5.58 | $0.38 |
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 | $25.5M | ||
| Q3 25 | $556.5M | $28.8M | ||
| Q2 25 | $556.9M | $38.4M | ||
| Q1 25 | $508.4M | $24.3M | ||
| Q4 24 | $522.0M | $36.7M | ||
| Q3 24 | $507.5M | $30.2M | ||
| Q2 24 | $477.6M | $31.7M | ||
| Q1 24 | $420.1M | $30.8M |
| Q4 25 | $44.1M | $8.2M | ||
| Q3 25 | $52.4M | $8.6M | ||
| Q2 25 | $51.6M | $14.7M | ||
| Q1 25 | $36.3M | $10.3M | ||
| Q4 24 | $56.5M | $14.5M | ||
| Q3 24 | $43.8M | $15.8M | ||
| Q2 24 | $34.4M | $16.2M | ||
| Q1 24 | $33.9M | $15.1M |
| Q4 25 | 23.4% | 26.4% | ||
| Q3 25 | 24.2% | 20.2% | ||
| Q2 25 | 23.3% | 32.4% | ||
| Q1 25 | 22.8% | 29.2% | ||
| Q4 24 | 24.9% | 27.3% | ||
| Q3 24 | 22.9% | 29.2% | ||
| Q2 24 | 21.7% | 31.9% | ||
| Q1 24 | 23.6% | 33.6% |
| Q4 25 | 9.4% | 40.4% | ||
| Q3 25 | 11.2% | 33.7% | ||
| Q2 25 | 10.8% | 43.8% | ||
| Q1 25 | 7.6% | 47.7% | ||
| Q4 24 | 12.3% | 42.3% | ||
| Q3 24 | 9.7% | 50.8% | ||
| Q2 24 | 8.1% | 50.6% | ||
| Q1 24 | 8.9% | 54.3% |
| Q4 25 | 7.6% | 32.2% | ||
| Q3 25 | 9.4% | 30.0% | ||
| Q2 25 | 9.3% | 38.3% | ||
| Q1 25 | 7.1% | 42.3% | ||
| Q4 24 | 10.8% | 39.5% | ||
| Q3 24 | 8.6% | 52.4% | ||
| Q2 24 | 7.2% | 51.1% | ||
| Q1 24 | 8.1% | 49.1% |
| Q4 25 | $5.58 | $0.38 | ||
| Q3 25 | $6.55 | $0.35 | ||
| Q2 25 | $6.42 | $0.60 | ||
| Q1 25 | $4.42 | $0.41 | ||
| Q4 24 | $6.90 | $0.59 | ||
| Q3 24 | $5.28 | $0.64 | ||
| Q2 24 | $4.11 | $0.65 | ||
| Q1 24 | $4.05 | $0.60 |
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 | $8.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $528.6M |
| Total Assets | $1.5B | $580.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $8.5M | ||
| Q3 25 | $391.8M | $13.6M | ||
| Q2 25 | $362.4M | $2.6M | ||
| Q1 25 | $376.1M | $3.4M | ||
| Q4 24 | $378.9M | $1.1M | ||
| Q3 24 | $388.7M | $570.0K | ||
| Q2 24 | $380.0M | $60.0K | ||
| Q1 24 | $371.0M | $621.0K |
| Q4 25 | $1.1B | $528.6M | ||
| Q3 25 | $1.1B | $521.6M | ||
| Q2 25 | $1.1B | $512.8M | ||
| Q1 25 | $1.1B | $503.7M | ||
| Q4 24 | $1.1B | $494.0M | ||
| Q3 24 | $1.0B | $479.3M | ||
| Q2 24 | $1.0B | $463.2M | ||
| Q1 24 | $1.0B | $450.4M |
| Q4 25 | $1.5B | $580.3M | ||
| Q3 25 | $1.4B | $557.9M | ||
| Q2 25 | $1.4B | $552.0M | ||
| Q1 25 | $1.4B | $544.6M | ||
| Q4 24 | $1.4B | $534.2M | ||
| Q3 24 | $1.4B | $521.4M | ||
| Q2 24 | $1.4B | $514.9M | ||
| Q1 24 | $1.4B | $510.0M |
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 | $19.0M |
| Free Cash FlowOCF − Capex | $57.6M | $15.7M |
| FCF MarginFCF / Revenue | 9.9% | 61.6% |
| Capex IntensityCapex / Revenue | 1.5% | 13.1% |
| Cash ConversionOCF / Net Profit | 1.50× | 2.32× |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $19.0M | ||
| Q3 25 | $78.5M | $7.2M | ||
| Q2 25 | $55.5M | $6.1M | ||
| Q1 25 | $38.6M | $4.9M | ||
| Q4 24 | $37.8M | $7.9M | ||
| Q3 24 | $54.7M | $13.8M | ||
| Q2 24 | $47.4M | $3.5M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | $57.6M | $15.7M | ||
| Q3 25 | $68.7M | $5.1M | ||
| Q2 25 | $46.4M | $3.7M | ||
| Q1 25 | $32.5M | $3.6M | ||
| Q4 24 | $32.3M | $6.0M | ||
| Q3 24 | $49.8M | $9.1M | ||
| Q2 24 | $42.4M | $1.7M | ||
| Q1 24 | — | $9.9M |
| Q4 25 | 9.9% | 61.6% | ||
| Q3 25 | 12.4% | 17.8% | ||
| Q2 25 | 8.3% | 9.6% | ||
| Q1 25 | 6.4% | 15.0% | ||
| Q4 24 | 6.2% | 16.4% | ||
| Q3 24 | 9.8% | 30.2% | ||
| Q2 24 | 8.9% | 5.4% | ||
| Q1 24 | — | 32.2% |
| Q4 25 | 1.5% | 13.1% | ||
| Q3 25 | 1.7% | 7.1% | ||
| Q2 25 | 1.6% | 6.2% | ||
| Q1 25 | 1.2% | 5.2% | ||
| Q4 24 | 1.0% | 5.1% | ||
| Q3 24 | 1.0% | 15.6% | ||
| Q2 24 | 1.0% | 5.5% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 1.50× | 2.32× | ||
| Q3 25 | 1.50× | 0.83× | ||
| Q2 25 | 1.08× | 0.41× | ||
| Q1 25 | 1.06× | 0.48× | ||
| Q4 24 | 0.67× | 0.54× | ||
| Q3 24 | 1.25× | 0.88× | ||
| Q2 24 | 1.38× | 0.21× | ||
| Q1 24 | — | 0.71× |
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% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
