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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.
Champion Homes, Inc. is the larger business by last-quarter revenue ($656.6M vs $581.0M, roughly 1.1× CAVCO INDUSTRIES, INC.). Champion Homes, Inc. runs the higher net margin — 8.3% vs 7.6%, a 0.7% gap on every dollar of revenue. On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs 1.8%). Champion Homes, Inc. produced more free cash flow last quarter ($92.9M vs $57.6M). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs 10.6%).
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.
Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.
CVCO vs SKY — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $656.6M |
| Net Profit | $44.1M | $54.3M |
| Gross Margin | 23.4% | 26.2% |
| Operating Margin | 9.4% | 9.5% |
| Net Margin | 7.6% | 8.3% |
| Revenue YoY | 11.3% | 1.8% |
| Net Profit YoY | -22.0% | -11.7% |
| EPS (diluted) | $5.58 | $0.97 |
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 | $656.6M | ||
| Q3 25 | $556.5M | $684.4M | ||
| Q2 25 | $556.9M | $701.3M | ||
| Q1 25 | $508.4M | $593.9M | ||
| Q4 24 | $522.0M | $644.9M | ||
| Q3 24 | $507.5M | $616.9M | ||
| Q2 24 | $477.6M | $627.8M | ||
| Q1 24 | $420.1M | $536.4M |
| Q4 25 | $44.1M | $54.3M | ||
| Q3 25 | $52.4M | $58.2M | ||
| Q2 25 | $51.6M | $64.7M | ||
| Q1 25 | $36.3M | $36.3M | ||
| Q4 24 | $56.5M | $61.5M | ||
| Q3 24 | $43.8M | $54.7M | ||
| Q2 24 | $34.4M | $45.8M | ||
| Q1 24 | $33.9M | $2.8M |
| Q4 25 | 23.4% | 26.2% | ||
| Q3 25 | 24.2% | 27.5% | ||
| Q2 25 | 23.3% | 27.1% | ||
| Q1 25 | 22.8% | 25.7% | ||
| Q4 24 | 24.9% | 28.1% | ||
| Q3 24 | 22.9% | 27.0% | ||
| Q2 24 | 21.7% | 26.2% | ||
| Q1 24 | 23.6% | 18.3% |
| Q4 25 | 9.4% | 9.5% | ||
| Q3 25 | 11.2% | 10.9% | ||
| Q2 25 | 10.8% | 11.2% | ||
| Q1 25 | 7.6% | 7.1% | ||
| Q4 24 | 12.3% | 11.3% | ||
| Q3 24 | 9.7% | 10.8% | ||
| Q2 24 | 8.1% | 8.8% | ||
| Q1 24 | 8.9% | 1.4% |
| Q4 25 | 7.6% | 8.3% | ||
| Q3 25 | 9.4% | 8.5% | ||
| Q2 25 | 9.3% | 9.2% | ||
| Q1 25 | 7.1% | 6.1% | ||
| Q4 24 | 10.8% | 9.5% | ||
| Q3 24 | 8.6% | 8.9% | ||
| Q2 24 | 7.2% | 7.3% | ||
| Q1 24 | 8.1% | 0.5% |
| Q4 25 | $5.58 | $0.97 | ||
| Q3 25 | $6.55 | $1.03 | ||
| Q2 25 | $6.42 | $1.13 | ||
| Q1 25 | $4.42 | $0.63 | ||
| Q4 24 | $6.90 | $1.06 | ||
| Q3 24 | $5.28 | $0.94 | ||
| Q2 24 | $4.11 | $0.79 | ||
| Q1 24 | $4.05 | $0.04 |
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 | $659.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.6B |
| Total Assets | $1.5B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $659.8M | ||
| Q3 25 | $391.8M | $618.7M | ||
| Q2 25 | $362.4M | $605.3M | ||
| Q1 25 | $376.1M | $610.3M | ||
| Q4 24 | $378.9M | $581.8M | ||
| Q3 24 | $388.7M | $570.2M | ||
| Q2 24 | $380.0M | $548.9M | ||
| Q1 24 | $371.0M | $495.1M |
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.0B | $1.4B |
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.0B | ||
| 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 | $100.0M |
| Free Cash FlowOCF − Capex | $57.6M | $92.9M |
| FCF MarginFCF / Revenue | 9.9% | 14.1% |
| Capex IntensityCapex / Revenue | 1.5% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.50× | 1.84× |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $259.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $100.0M | ||
| Q3 25 | $78.5M | $75.9M | ||
| Q2 25 | $55.5M | $75.3M | ||
| Q1 25 | $38.6M | $46.0M | ||
| Q4 24 | $37.8M | $50.4M | ||
| Q3 24 | $54.7M | $59.8M | ||
| Q2 24 | $47.4M | $84.6M | ||
| Q1 24 | — | — |
| Q4 25 | $57.6M | $92.9M | ||
| Q3 25 | $68.7M | $67.0M | ||
| Q2 25 | $46.4M | $66.4M | ||
| Q1 25 | $32.5M | $33.4M | ||
| Q4 24 | $32.3M | $37.3M | ||
| Q3 24 | $49.8M | $45.7M | ||
| Q2 24 | $42.4M | $73.9M | ||
| Q1 24 | — | — |
| Q4 25 | 9.9% | 14.1% | ||
| Q3 25 | 12.4% | 9.8% | ||
| Q2 25 | 8.3% | 9.5% | ||
| Q1 25 | 6.4% | 5.6% | ||
| Q4 24 | 6.2% | 5.8% | ||
| Q3 24 | 9.8% | 7.4% | ||
| Q2 24 | 8.9% | 11.8% | ||
| Q1 24 | — | — |
| Q4 25 | 1.5% | 1.1% | ||
| Q3 25 | 1.7% | 1.3% | ||
| Q2 25 | 1.6% | 1.3% | ||
| Q1 25 | 1.2% | 2.1% | ||
| Q4 24 | 1.0% | 2.0% | ||
| Q3 24 | 1.0% | 2.3% | ||
| Q2 24 | 1.0% | 1.7% | ||
| Q1 24 | — | — |
| Q4 25 | 1.50× | 1.84× | ||
| Q3 25 | 1.50× | 1.30× | ||
| Q2 25 | 1.08× | 1.16× | ||
| Q1 25 | 1.06× | 1.27× | ||
| Q4 24 | 0.67× | 0.82× | ||
| Q3 24 | 1.25× | 1.09× | ||
| Q2 24 | 1.38× | 1.85× | ||
| 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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
