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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and Real Brokerage Inc (REAX). Click either name above to swap in a different company.

CAVCO INDUSTRIES, INC. is the larger business by last-quarter revenue ($581.0M vs $568.5M, roughly 1.0× Real Brokerage Inc). CAVCO INDUSTRIES, INC. runs the higher net margin — 7.6% vs -0.1%, a 7.7% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 11.3%). CAVCO INDUSTRIES, INC. produced more free cash flow last quarter ($57.6M vs $8.4M).

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.

Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.

CVCO vs REAX — Head-to-Head

Bigger by revenue
CVCO
CVCO
1.0× larger
CVCO
$581.0M
$568.5M
REAX
Growing faster (revenue YoY)
REAX
REAX
+41.3% gap
REAX
52.6%
11.3%
CVCO
Higher net margin
CVCO
CVCO
7.7% more per $
CVCO
7.6%
-0.1%
REAX
More free cash flow
CVCO
CVCO
$49.2M more FCF
CVCO
$57.6M
$8.4M
REAX

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
CVCO
CVCO
REAX
REAX
Revenue
$581.0M
$568.5M
Net Profit
$44.1M
$-447.0K
Gross Margin
23.4%
7.9%
Operating Margin
9.4%
-0.1%
Net Margin
7.6%
-0.1%
Revenue YoY
11.3%
52.6%
Net Profit YoY
-22.0%
82.7%
EPS (diluted)
$5.58
$0.00

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.

Revenue
CVCO
CVCO
REAX
REAX
Q4 25
$581.0M
Q3 25
$556.5M
$568.5M
Q2 25
$556.9M
$540.7M
Q1 25
$508.4M
$354.0M
Q4 24
$522.0M
Q3 24
$507.5M
$372.5M
Q2 24
$477.6M
Q1 24
$420.1M
$200.7M
Net Profit
CVCO
CVCO
REAX
REAX
Q4 25
$44.1M
Q3 25
$52.4M
$-447.0K
Q2 25
$51.6M
$1.5M
Q1 25
$36.3M
$-5.0M
Q4 24
$56.5M
Q3 24
$43.8M
$-2.6M
Q2 24
$34.4M
Q1 24
$33.9M
$-16.1M
Gross Margin
CVCO
CVCO
REAX
REAX
Q4 25
23.4%
Q3 25
24.2%
7.9%
Q2 25
23.3%
8.9%
Q1 25
22.8%
9.6%
Q4 24
24.9%
Q3 24
22.9%
8.6%
Q2 24
21.7%
Q1 24
23.6%
10.3%
Operating Margin
CVCO
CVCO
REAX
REAX
Q4 25
9.4%
Q3 25
11.2%
-0.1%
Q2 25
10.8%
0.3%
Q1 25
7.6%
-1.5%
Q4 24
12.3%
Q3 24
9.7%
-0.7%
Q2 24
8.1%
Q1 24
8.9%
-7.8%
Net Margin
CVCO
CVCO
REAX
REAX
Q4 25
7.6%
Q3 25
9.4%
-0.1%
Q2 25
9.3%
0.3%
Q1 25
7.1%
-1.4%
Q4 24
10.8%
Q3 24
8.6%
-0.7%
Q2 24
7.2%
Q1 24
8.1%
-8.0%
EPS (diluted)
CVCO
CVCO
REAX
REAX
Q4 25
$5.58
Q3 25
$6.55
$0.00
Q2 25
$6.42
$0.01
Q1 25
$4.42
$-0.02
Q4 24
$6.90
Q3 24
$5.28
$-0.01
Q2 24
$4.11
Q1 24
$4.05
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVCO
CVCO
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$241.9M
$38.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$53.6M
Total Assets
$1.5B
$145.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVCO
CVCO
REAX
REAX
Q4 25
$241.9M
Q3 25
$391.8M
$38.7M
Q2 25
$362.4M
$49.7M
Q1 25
$376.1M
$24.7M
Q4 24
$378.9M
Q3 24
$388.7M
$22.6M
Q2 24
$380.0M
Q1 24
$371.0M
$20.1M
Stockholders' Equity
CVCO
CVCO
REAX
REAX
Q4 25
$1.1B
Q3 25
$1.1B
$53.6M
Q2 25
$1.1B
$49.2M
Q1 25
$1.1B
$32.8M
Q4 24
$1.1B
Q3 24
$1.0B
$29.8M
Q2 24
$1.0B
Q1 24
$1.0B
$25.6M
Total Assets
CVCO
CVCO
REAX
REAX
Q4 25
$1.5B
Q3 25
$1.4B
$145.2M
Q2 25
$1.4B
$149.4M
Q1 25
$1.4B
$100.5M
Q4 24
$1.4B
Q3 24
$1.4B
$102.5M
Q2 24
$1.4B
Q1 24
$1.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVCO
CVCO
REAX
REAX
Operating Cash FlowLast quarter
$66.1M
$8.8M
Free Cash FlowOCF − Capex
$57.6M
$8.4M
FCF MarginFCF / Revenue
9.9%
1.5%
Capex IntensityCapex / Revenue
1.5%
0.1%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$205.3M
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVCO
CVCO
REAX
REAX
Q4 25
$66.1M
Q3 25
$78.5M
$8.8M
Q2 25
$55.5M
$41.0M
Q1 25
$38.6M
$15.9M
Q4 24
$37.8M
Q3 24
$54.7M
$7.2M
Q2 24
$47.4M
Q1 24
$21.5M
Free Cash Flow
CVCO
CVCO
REAX
REAX
Q4 25
$57.6M
Q3 25
$68.7M
$8.4M
Q2 25
$46.4M
$40.8M
Q1 25
$32.5M
$15.7M
Q4 24
$32.3M
Q3 24
$49.8M
$6.8M
Q2 24
$42.4M
Q1 24
$21.4M
FCF Margin
CVCO
CVCO
REAX
REAX
Q4 25
9.9%
Q3 25
12.4%
1.5%
Q2 25
8.3%
7.5%
Q1 25
6.4%
4.4%
Q4 24
6.2%
Q3 24
9.8%
1.8%
Q2 24
8.9%
Q1 24
10.7%
Capex Intensity
CVCO
CVCO
REAX
REAX
Q4 25
1.5%
Q3 25
1.7%
0.1%
Q2 25
1.6%
0.0%
Q1 25
1.2%
0.1%
Q4 24
1.0%
Q3 24
1.0%
0.1%
Q2 24
1.0%
Q1 24
0.0%
Cash Conversion
CVCO
CVCO
REAX
REAX
Q4 25
1.50×
Q3 25
1.50×
Q2 25
1.08×
27.13×
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
CVCO

Manufactured Product Other$532.5M92%
Other$26.0M4%
Financial Service Other$20.5M4%
Insurance Agency Commissions$2.0M0%

REAX
REAX

Segment breakdown not available.

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