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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
CAVCO INDUSTRIES, INC. is the larger business by last-quarter revenue ($581.0M vs $349.1M, roughly 1.7× PROCORE TECHNOLOGIES, INC.). CAVCO INDUSTRIES, INC. runs the higher net margin — 7.6% vs -10.8%, a 18.4% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 11.3%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $57.6M). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs 13.8%).
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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
CVCO vs PCOR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $349.1M |
| Net Profit | $44.1M | $-37.6M |
| Gross Margin | 23.4% | 80.1% |
| Operating Margin | 9.4% | -12.3% |
| Net Margin | 7.6% | -10.8% |
| Revenue YoY | 11.3% | 15.6% |
| Net Profit YoY | -22.0% | 39.6% |
| EPS (diluted) | $5.58 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $556.5M | $338.9M | ||
| Q2 25 | $556.9M | $323.9M | ||
| Q1 25 | $508.4M | $310.6M | ||
| Q4 24 | $522.0M | $302.0M | ||
| Q3 24 | $507.5M | $295.9M | ||
| Q2 24 | $477.6M | $284.3M | ||
| Q1 24 | $420.1M | $269.4M |
| Q4 25 | $44.1M | $-37.6M | ||
| Q3 25 | $52.4M | $-9.1M | ||
| Q2 25 | $51.6M | $-21.1M | ||
| Q1 25 | $36.3M | $-33.0M | ||
| Q4 24 | $56.5M | $-62.3M | ||
| Q3 24 | $43.8M | $-26.4M | ||
| Q2 24 | $34.4M | $-6.3M | ||
| Q1 24 | $33.9M | $-11.0M |
| Q4 25 | 23.4% | 80.1% | ||
| Q3 25 | 24.2% | 79.7% | ||
| Q2 25 | 23.3% | 79.1% | ||
| Q1 25 | 22.8% | 79.1% | ||
| Q4 24 | 24.9% | 81.2% | ||
| Q3 24 | 22.9% | 81.4% | ||
| Q2 24 | 21.7% | 83.1% | ||
| Q1 24 | 23.6% | 83.0% |
| Q4 25 | 9.4% | -12.3% | ||
| Q3 25 | 11.2% | -4.4% | ||
| Q2 25 | 10.8% | -9.3% | ||
| Q1 25 | 7.6% | -11.7% | ||
| Q4 24 | 12.3% | -21.9% | ||
| Q3 24 | 9.7% | -12.3% | ||
| Q2 24 | 8.1% | -5.2% | ||
| Q1 24 | 8.9% | -7.0% |
| Q4 25 | 7.6% | -10.8% | ||
| Q3 25 | 9.4% | -2.7% | ||
| Q2 25 | 9.3% | -6.5% | ||
| Q1 25 | 7.1% | -10.6% | ||
| Q4 24 | 10.8% | -20.6% | ||
| Q3 24 | 8.6% | -8.9% | ||
| Q2 24 | 7.2% | -2.2% | ||
| Q1 24 | 8.1% | -4.1% |
| Q4 25 | $5.58 | $-0.25 | ||
| Q3 25 | $6.55 | $-0.06 | ||
| Q2 25 | $6.42 | $-0.14 | ||
| Q1 25 | $4.42 | $-0.22 | ||
| Q4 24 | $6.90 | $-0.42 | ||
| Q3 24 | $5.28 | $-0.18 | ||
| Q2 24 | $4.11 | $-0.04 | ||
| Q1 24 | $4.05 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.3B |
| Total Assets | $1.5B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $768.5M | ||
| Q3 25 | $391.8M | $684.0M | ||
| Q2 25 | $362.4M | $620.9M | ||
| Q1 25 | $376.1M | $566.7M | ||
| Q4 24 | $378.9M | $775.4M | ||
| Q3 24 | $388.7M | $756.9M | ||
| Q2 24 | $380.0M | $735.4M | ||
| Q1 24 | $371.0M | $744.6M |
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
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 | $114.9M |
| Free Cash FlowOCF − Capex | $57.6M | $109.2M |
| FCF MarginFCF / Revenue | 9.9% | 31.3% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $114.9M | ||
| Q3 25 | $78.5M | $88.5M | ||
| Q2 25 | $55.5M | $30.8M | ||
| Q1 25 | $38.6M | $66.0M | ||
| Q4 24 | $37.8M | $29.1M | ||
| Q3 24 | $54.7M | $39.3M | ||
| Q2 24 | $47.4M | $58.7M | ||
| Q1 24 | — | $69.1M |
| Q4 25 | $57.6M | $109.2M | ||
| Q3 25 | $68.7M | $83.1M | ||
| Q2 25 | $46.4M | $27.9M | ||
| Q1 25 | $32.5M | $62.0M | ||
| Q4 24 | $32.3M | $17.4M | ||
| Q3 24 | $49.8M | $35.7M | ||
| Q2 24 | $42.4M | $56.8M | ||
| Q1 24 | — | $67.1M |
| Q4 25 | 9.9% | 31.3% | ||
| Q3 25 | 12.4% | 24.5% | ||
| Q2 25 | 8.3% | 8.6% | ||
| Q1 25 | 6.4% | 20.0% | ||
| Q4 24 | 6.2% | 5.8% | ||
| Q3 24 | 9.8% | 12.1% | ||
| Q2 24 | 8.9% | 20.0% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 1.5% | 1.6% | ||
| Q3 25 | 1.7% | 1.6% | ||
| Q2 25 | 1.6% | 0.9% | ||
| Q1 25 | 1.2% | 1.3% | ||
| Q4 24 | 1.0% | 3.9% | ||
| Q3 24 | 1.0% | 1.2% | ||
| Q2 24 | 1.0% | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.50× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.38× | — | ||
| Q1 24 | — | — |
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
