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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $581.0M, roughly 1.4× CAVCO INDUSTRIES, INC.). CAVCO INDUSTRIES, INC. runs the higher net margin — 7.6% vs 2.1%, a 5.5% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 11.3%). CAVCO INDUSTRIES, INC. produced more free cash flow last quarter ($57.6M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 17.6%).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
CVCO vs ROAD — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $809.5M |
| Net Profit | $44.1M | $17.2M |
| Gross Margin | 23.4% | 15.0% |
| Operating Margin | 9.4% | 6.2% |
| Net Margin | 7.6% | 2.1% |
| Revenue YoY | 11.3% | 44.1% |
| Net Profit YoY | -22.0% | 663.9% |
| EPS (diluted) | $5.58 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $556.5M | $899.8M | ||
| Q2 25 | $556.9M | $779.3M | ||
| Q1 25 | $508.4M | $571.6M | ||
| Q4 24 | $522.0M | $561.6M | ||
| Q3 24 | $507.5M | $538.2M | ||
| Q2 24 | $477.6M | $517.8M | ||
| Q1 24 | $420.1M | $371.4M |
| Q4 25 | $44.1M | $17.2M | ||
| Q3 25 | $52.4M | $56.6M | ||
| Q2 25 | $51.6M | $44.0M | ||
| Q1 25 | $36.3M | $4.2M | ||
| Q4 24 | $56.5M | $-3.1M | ||
| Q3 24 | $43.8M | $29.3M | ||
| Q2 24 | $34.4M | $30.9M | ||
| Q1 24 | $33.9M | $-1.1M |
| Q4 25 | 23.4% | 15.0% | ||
| Q3 25 | 24.2% | 17.7% | ||
| Q2 25 | 23.3% | 16.9% | ||
| Q1 25 | 22.8% | 12.5% | ||
| Q4 24 | 24.9% | 13.6% | ||
| Q3 24 | 22.9% | 15.6% | ||
| Q2 24 | 21.7% | 16.1% | ||
| Q1 24 | 23.6% | 10.4% |
| Q4 25 | 9.4% | 6.2% | ||
| Q3 25 | 11.2% | 11.2% | ||
| Q2 25 | 10.8% | 10.6% | ||
| Q1 25 | 7.6% | 4.8% | ||
| Q4 24 | 12.3% | 2.5% | ||
| Q3 24 | 9.7% | 8.5% | ||
| Q2 24 | 8.1% | 8.8% | ||
| Q1 24 | 8.9% | 0.8% |
| Q4 25 | 7.6% | 2.1% | ||
| Q3 25 | 9.4% | 6.3% | ||
| Q2 25 | 9.3% | 5.7% | ||
| Q1 25 | 7.1% | 0.7% | ||
| Q4 24 | 10.8% | -0.5% | ||
| Q3 24 | 8.6% | 5.4% | ||
| Q2 24 | 7.2% | 6.0% | ||
| Q1 24 | 8.1% | -0.3% |
| Q4 25 | $5.58 | $0.31 | ||
| Q3 25 | $6.55 | $1.03 | ||
| Q2 25 | $6.42 | $0.79 | ||
| Q1 25 | $4.42 | $0.08 | ||
| Q4 24 | $6.90 | $-0.06 | ||
| Q3 24 | $5.28 | $0.55 | ||
| Q2 24 | $4.11 | $0.59 | ||
| Q1 24 | $4.05 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $969.1M |
| Total Assets | $1.5B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $104.1M | ||
| Q3 25 | $391.8M | $156.1M | ||
| Q2 25 | $362.4M | $114.3M | ||
| Q1 25 | $376.1M | $101.9M | ||
| Q4 24 | $378.9M | $132.5M | ||
| Q3 24 | $388.7M | $74.7M | ||
| Q2 24 | $380.0M | $56.3M | ||
| Q1 24 | $371.0M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $969.1M | ||
| Q3 25 | $1.1B | $912.0M | ||
| Q2 25 | $1.1B | $853.3M | ||
| Q1 25 | $1.1B | $807.9M | ||
| Q4 24 | $1.1B | $811.1M | ||
| Q3 24 | $1.0B | $573.7M | ||
| Q2 24 | $1.0B | $552.9M | ||
| Q1 24 | $1.0B | $525.0M |
| Q4 25 | $1.5B | $3.4B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.4B | $2.9B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 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 | $82.6M |
| Free Cash FlowOCF − Capex | $57.6M | $47.1M |
| FCF MarginFCF / Revenue | 9.9% | 5.8% |
| Capex IntensityCapex / Revenue | 1.5% | 4.4% |
| Cash ConversionOCF / Net Profit | 1.50× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $82.6M | ||
| Q3 25 | $78.5M | $112.0M | ||
| Q2 25 | $55.5M | $83.0M | ||
| Q1 25 | $38.6M | $55.6M | ||
| Q4 24 | $37.8M | $40.7M | ||
| Q3 24 | $54.7M | $95.9M | ||
| Q2 24 | $47.4M | $34.6M | ||
| Q1 24 | — | $18.2M |
| Q4 25 | $57.6M | $47.1M | ||
| Q3 25 | $68.7M | $78.9M | ||
| Q2 25 | $46.4M | $46.4M | ||
| Q1 25 | $32.5M | $14.2M | ||
| Q4 24 | $32.3M | $13.8M | ||
| Q3 24 | $49.8M | $78.4M | ||
| Q2 24 | $42.4M | $19.7M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | 9.9% | 5.8% | ||
| Q3 25 | 12.4% | 8.8% | ||
| Q2 25 | 8.3% | 5.9% | ||
| Q1 25 | 6.4% | 2.5% | ||
| Q4 24 | 6.2% | 2.5% | ||
| Q3 24 | 9.8% | 14.6% | ||
| Q2 24 | 8.9% | 3.8% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | 1.5% | 4.4% | ||
| Q3 25 | 1.7% | 3.7% | ||
| Q2 25 | 1.6% | 4.7% | ||
| Q1 25 | 1.2% | 7.2% | ||
| Q4 24 | 1.0% | 4.8% | ||
| Q3 24 | 1.0% | 3.3% | ||
| Q2 24 | 1.0% | 2.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | 1.50× | 4.80× | ||
| Q3 25 | 1.50× | 1.98× | ||
| Q2 25 | 1.08× | 1.88× | ||
| Q1 25 | 1.06× | 13.20× | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 1.25× | 3.27× | ||
| Q2 24 | 1.38× | 1.12× | ||
| 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% |
ROAD
Segment breakdown not available.
