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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $581.0M, roughly 1.1× CAVCO INDUSTRIES, INC.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 7.6%, a 24.2% gap on every dollar of revenue. On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs -2.9%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M vs $57.6M). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
CVCO vs TRN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $611.2M |
| Net Profit | $44.1M | $194.2M |
| Gross Margin | 23.4% | 25.5% |
| Operating Margin | 9.4% | 54.9% |
| Net Margin | 7.6% | 31.8% |
| Revenue YoY | 11.3% | -2.9% |
| Net Profit YoY | -22.0% | 413.8% |
| EPS (diluted) | $5.58 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $556.5M | $454.1M | ||
| Q2 25 | $556.9M | $506.2M | ||
| Q1 25 | $508.4M | $585.4M | ||
| Q4 24 | $522.0M | $629.4M | ||
| Q3 24 | $507.5M | $798.8M | ||
| Q2 24 | $477.6M | $841.4M | ||
| Q1 24 | $420.1M | $809.6M |
| Q4 25 | $44.1M | $194.2M | ||
| Q3 25 | $52.4M | $30.3M | ||
| Q2 25 | $51.6M | $14.1M | ||
| Q1 25 | $36.3M | $22.1M | ||
| Q4 24 | $56.5M | $37.8M | ||
| Q3 24 | $43.8M | $31.4M | ||
| Q2 24 | $34.4M | $54.4M | ||
| Q1 24 | $33.9M | $23.7M |
| Q4 25 | 23.4% | 25.5% | ||
| Q3 25 | 24.2% | 31.1% | ||
| Q2 25 | 23.3% | 26.4% | ||
| Q1 25 | 22.8% | 24.3% | ||
| Q4 24 | 24.9% | 24.6% | ||
| Q3 24 | 22.9% | 21.2% | ||
| Q2 24 | 21.7% | 21.3% | ||
| Q1 24 | 23.6% | 20.3% |
| Q4 25 | 9.4% | 54.9% | ||
| Q3 25 | 11.2% | 26.1% | ||
| Q2 25 | 10.8% | 18.8% | ||
| Q1 25 | 7.6% | 17.0% | ||
| Q4 24 | 12.3% | 17.8% | ||
| Q3 24 | 9.7% | 15.3% | ||
| Q2 24 | 8.1% | 16.9% | ||
| Q1 24 | 8.9% | 14.2% |
| Q4 25 | 7.6% | 31.8% | ||
| Q3 25 | 9.4% | 6.7% | ||
| Q2 25 | 9.3% | 2.8% | ||
| Q1 25 | 7.1% | 3.8% | ||
| Q4 24 | 10.8% | 6.0% | ||
| Q3 24 | 8.6% | 3.9% | ||
| Q2 24 | 7.2% | 6.5% | ||
| Q1 24 | 8.1% | 2.9% |
| Q4 25 | $5.58 | $2.25 | ||
| Q3 25 | $6.55 | $0.37 | ||
| Q2 25 | $6.42 | $0.17 | ||
| Q1 25 | $4.42 | $0.26 | ||
| Q4 24 | $6.90 | $0.34 | ||
| Q3 24 | $5.28 | $0.37 | ||
| Q2 24 | $4.11 | $0.65 | ||
| Q1 24 | $4.05 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.1B |
| Total Assets | $1.5B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $201.3M | ||
| Q3 25 | $391.8M | $66.3M | ||
| Q2 25 | $362.4M | $147.7M | ||
| Q1 25 | $376.1M | $94.9M | ||
| Q4 24 | $378.9M | $228.2M | ||
| Q3 24 | $388.7M | $222.4M | ||
| Q2 24 | $380.0M | $257.1M | ||
| Q1 24 | $371.0M | $118.8M |
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.0B | $1.0B |
| Q4 25 | $1.5B | $8.4B | ||
| Q3 25 | $1.4B | $8.9B | ||
| Q2 25 | $1.4B | $8.8B | ||
| Q1 25 | $1.4B | $8.7B | ||
| Q4 24 | $1.4B | $8.8B | ||
| Q3 24 | $1.4B | $8.8B | ||
| Q2 24 | $1.4B | $9.0B | ||
| Q1 24 | $1.4B | $9.1B |
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 | $177.4M |
| Free Cash FlowOCF − Capex | $57.6M | $158.6M |
| FCF MarginFCF / Revenue | 9.9% | 25.9% |
| Capex IntensityCapex / Revenue | 1.5% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.50× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $177.4M | ||
| Q3 25 | $78.5M | $44.2M | ||
| Q2 25 | $55.5M | $61.6M | ||
| Q1 25 | $38.6M | $76.5M | ||
| Q4 24 | $37.8M | $201.6M | ||
| Q3 24 | $54.7M | $78.5M | ||
| Q2 24 | $47.4M | $241.5M | ||
| Q1 24 | — | $52.2M |
| Q4 25 | $57.6M | $158.6M | ||
| Q3 25 | $68.7M | $35.3M | ||
| Q2 25 | $46.4M | $52.9M | ||
| Q1 25 | $32.5M | $67.3M | ||
| Q4 24 | $32.3M | $180.1M | ||
| Q3 24 | $49.8M | $62.1M | ||
| Q2 24 | $42.4M | $230.2M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | 9.9% | 25.9% | ||
| Q3 25 | 12.4% | 7.8% | ||
| Q2 25 | 8.3% | 10.5% | ||
| Q1 25 | 6.4% | 11.5% | ||
| Q4 24 | 6.2% | 28.6% | ||
| Q3 24 | 9.8% | 7.8% | ||
| Q2 24 | 8.9% | 27.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 1.5% | 3.1% | ||
| Q3 25 | 1.7% | 2.0% | ||
| Q2 25 | 1.6% | 1.7% | ||
| Q1 25 | 1.2% | 1.6% | ||
| Q4 24 | 1.0% | 3.4% | ||
| Q3 24 | 1.0% | 2.1% | ||
| Q2 24 | 1.0% | 1.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 1.50× | 0.91× | ||
| Q3 25 | 1.50× | 1.46× | ||
| Q2 25 | 1.08× | 4.37× | ||
| Q1 25 | 1.06× | 3.46× | ||
| Q4 24 | 0.67× | 5.33× | ||
| Q3 24 | 1.25× | 2.50× | ||
| Q2 24 | 1.38× | 4.44× | ||
| Q1 24 | — | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
