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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $581.0M, roughly 1.1× CAVCO INDUSTRIES, INC.). SouthState Bank Corp runs the higher net margin — 34.1% vs 7.6%, a 26.5% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
CVCO vs SSB — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $661.7M |
| Net Profit | $44.1M | $225.8M |
| Gross Margin | 23.4% | — |
| Operating Margin | 9.4% | 15.1% |
| Net Margin | 7.6% | 34.1% |
| Revenue YoY | 11.3% | — |
| Net Profit YoY | -22.0% | 153.5% |
| EPS (diluted) | $5.58 | $2.28 |
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.
| Q1 26 | — | $661.7M | ||
| Q4 25 | $581.0M | $581.1M | ||
| Q3 25 | $556.5M | $599.7M | ||
| Q2 25 | $556.9M | $577.9M | ||
| Q1 25 | $508.4M | $544.5M | ||
| Q4 24 | $522.0M | $369.8M | ||
| Q3 24 | $507.5M | $351.5M | ||
| Q2 24 | $477.6M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $44.1M | $247.7M | ||
| Q3 25 | $52.4M | $246.6M | ||
| Q2 25 | $51.6M | $215.2M | ||
| Q1 25 | $36.3M | $89.1M | ||
| Q4 24 | $56.5M | $144.2M | ||
| Q3 24 | $43.8M | $143.2M | ||
| Q2 24 | $34.4M | $132.4M |
| Q1 26 | — | — | ||
| 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 26 | — | 15.1% | ||
| Q4 25 | 9.4% | 54.3% | ||
| Q3 25 | 11.2% | 53.6% | ||
| Q2 25 | 10.8% | 48.8% | ||
| Q1 25 | 7.6% | 22.3% | ||
| Q4 24 | 12.3% | 50.7% | ||
| Q3 24 | 9.7% | 53.1% | ||
| Q2 24 | 8.1% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 7.6% | 42.6% | ||
| Q3 25 | 9.4% | 41.1% | ||
| Q2 25 | 9.3% | 37.2% | ||
| Q1 25 | 7.1% | 16.4% | ||
| Q4 24 | 10.8% | 39.0% | ||
| Q3 24 | 8.6% | 40.7% | ||
| Q2 24 | 7.2% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $5.58 | $2.47 | ||
| Q3 25 | $6.55 | $2.42 | ||
| Q2 25 | $6.42 | $2.11 | ||
| Q1 25 | $4.42 | $0.87 | ||
| Q4 24 | $6.90 | $1.88 | ||
| Q3 24 | $5.28 | $1.86 | ||
| Q2 24 | $4.11 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $9.0B |
| Total Assets | $1.5B | $68.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $241.9M | — | ||
| Q3 25 | $391.8M | — | ||
| Q2 25 | $362.4M | — | ||
| Q1 25 | $376.1M | — | ||
| Q4 24 | $378.9M | — | ||
| Q3 24 | $388.7M | — | ||
| Q2 24 | $380.0M | — |
| Q1 26 | — | $9.0B | ||
| Q4 25 | $1.1B | $9.1B | ||
| Q3 25 | $1.1B | $9.0B | ||
| Q2 25 | $1.1B | $8.8B | ||
| Q1 25 | $1.1B | $8.6B | ||
| Q4 24 | $1.1B | $5.9B | ||
| Q3 24 | $1.0B | $5.9B | ||
| Q2 24 | $1.0B | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $1.5B | $67.2B | ||
| Q3 25 | $1.4B | $66.0B | ||
| Q2 25 | $1.4B | $65.9B | ||
| Q1 25 | $1.4B | $65.1B | ||
| Q4 24 | $1.4B | $46.4B | ||
| Q3 24 | $1.4B | $46.1B | ||
| Q2 24 | $1.4B | $45.5B |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $66.1M | $232.1M | ||
| Q3 25 | $78.5M | $122.4M | ||
| Q2 25 | $55.5M | $72.6M | ||
| Q1 25 | $38.6M | $-126.3M | ||
| Q4 24 | $37.8M | $354.3M | ||
| Q3 24 | $54.7M | $-246.8M | ||
| Q2 24 | $47.4M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $215.5M | ||
| Q3 25 | $68.7M | $101.7M | ||
| Q2 25 | $46.4M | $52.5M | ||
| Q1 25 | $32.5M | $-139.1M | ||
| Q4 24 | $32.3M | $340.9M | ||
| Q3 24 | $49.8M | $-254.2M | ||
| Q2 24 | $42.4M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 37.1% | ||
| Q3 25 | 12.4% | 17.0% | ||
| Q2 25 | 8.3% | 9.1% | ||
| Q1 25 | 6.4% | -25.5% | ||
| Q4 24 | 6.2% | 92.2% | ||
| Q3 24 | 9.8% | -72.3% | ||
| Q2 24 | 8.9% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 2.9% | ||
| Q3 25 | 1.7% | 3.5% | ||
| Q2 25 | 1.6% | 3.5% | ||
| Q1 25 | 1.2% | 2.4% | ||
| Q4 24 | 1.0% | 3.6% | ||
| Q3 24 | 1.0% | 2.1% | ||
| Q2 24 | 1.0% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 0.94× | ||
| Q3 25 | 1.50× | 0.50× | ||
| Q2 25 | 1.08× | 0.34× | ||
| Q1 25 | 1.06× | -1.42× | ||
| Q4 24 | 0.67× | 2.46× | ||
| Q3 24 | 1.25× | -1.72× | ||
| Q2 24 | 1.38× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
