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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $581.0M, roughly 1.2× CAVCO INDUSTRIES, INC.). On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs -17.3%). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
CVCO vs SM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $704.9M |
| Net Profit | $44.1M | — |
| Gross Margin | 23.4% | — |
| Operating Margin | 9.4% | 25.9% |
| Net Margin | 7.6% | — |
| Revenue YoY | 11.3% | -17.3% |
| Net Profit YoY | -22.0% | — |
| EPS (diluted) | $5.58 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $556.5M | $811.6M | ||
| Q2 25 | $556.9M | $792.9M | ||
| Q1 25 | $508.4M | $844.5M | ||
| Q4 24 | $522.0M | $852.0M | ||
| Q3 24 | $507.5M | $643.6M | ||
| Q2 24 | $477.6M | $634.6M | ||
| Q1 24 | $420.1M | $559.9M |
| Q4 25 | $44.1M | — | ||
| Q3 25 | $52.4M | $155.1M | ||
| Q2 25 | $51.6M | $201.7M | ||
| Q1 25 | $36.3M | $182.3M | ||
| Q4 24 | $56.5M | — | ||
| Q3 24 | $43.8M | $240.5M | ||
| Q2 24 | $34.4M | $210.3M | ||
| Q1 24 | $33.9M | $131.2M |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | 23.6% | — |
| Q4 25 | 9.4% | 25.9% | ||
| Q3 25 | 11.2% | 30.4% | ||
| Q2 25 | 10.8% | 37.2% | ||
| Q1 25 | 7.6% | 32.7% | ||
| Q4 24 | 12.3% | 33.7% | ||
| Q3 24 | 9.7% | 51.4% | ||
| Q2 24 | 8.1% | 44.0% | ||
| Q1 24 | 8.9% | 31.9% |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 9.4% | 19.1% | ||
| Q2 25 | 9.3% | 25.4% | ||
| Q1 25 | 7.1% | 21.6% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 8.6% | 37.4% | ||
| Q2 24 | 7.2% | 33.1% | ||
| Q1 24 | 8.1% | 23.4% |
| Q4 25 | $5.58 | $0.94 | ||
| Q3 25 | $6.55 | $1.35 | ||
| Q2 25 | $6.42 | $1.76 | ||
| Q1 25 | $4.42 | $1.59 | ||
| Q4 24 | $6.90 | $1.63 | ||
| Q3 24 | $5.28 | $2.09 | ||
| Q2 24 | $4.11 | $1.82 | ||
| Q1 24 | $4.05 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $4.8B |
| Total Assets | $1.5B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $368.0M | ||
| Q3 25 | $391.8M | $162.3M | ||
| Q2 25 | $362.4M | $101.9M | ||
| Q1 25 | $376.1M | $54.0K | ||
| Q4 24 | $378.9M | — | ||
| Q3 24 | $388.7M | $1.7B | ||
| Q2 24 | $380.0M | $487.9M | ||
| Q1 24 | $371.0M | $506.3M |
| Q4 25 | $1.1B | $4.8B | ||
| Q3 25 | $1.1B | $4.7B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.1B | $4.4B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.0B | $4.1B | ||
| Q2 24 | $1.0B | $3.8B | ||
| Q1 24 | $1.0B | $3.7B |
| Q4 25 | $1.5B | $9.3B | ||
| Q3 25 | $1.4B | $9.1B | ||
| Q2 25 | $1.4B | $9.0B | ||
| Q1 25 | $1.4B | $8.8B | ||
| Q4 24 | $1.4B | $8.6B | ||
| Q3 24 | $1.4B | $8.0B | ||
| Q2 24 | $1.4B | $6.7B | ||
| Q1 24 | $1.4B | $6.4B |
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 | $451.9M |
| Free Cash FlowOCF − Capex | $57.6M | — |
| FCF MarginFCF / Revenue | 9.9% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $451.9M | ||
| Q3 25 | $78.5M | $505.0M | ||
| Q2 25 | $55.5M | $571.1M | ||
| Q1 25 | $38.6M | $483.0M | ||
| Q4 24 | $37.8M | $578.4M | ||
| Q3 24 | $54.7M | $452.3M | ||
| Q2 24 | $47.4M | $476.4M | ||
| Q1 24 | — | $276.0M |
| Q4 25 | $57.6M | — | ||
| Q3 25 | $68.7M | — | ||
| Q2 25 | $46.4M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | $32.3M | — | ||
| Q3 24 | $49.8M | — | ||
| Q2 24 | $42.4M | — | ||
| Q1 24 | — | — |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 12.4% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 9.8% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.50× | 3.26× | ||
| Q2 25 | 1.08× | 2.83× | ||
| Q1 25 | 1.06× | 2.65× | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 1.25× | 1.88× | ||
| Q2 24 | 1.38× | 2.27× | ||
| Q1 24 | — | 2.10× |
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% |
SM
Segment breakdown not available.
