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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $581.0M, roughly 1.2× CAVCO INDUSTRIES, INC.). CAVCO INDUSTRIES, INC. runs the higher net margin — 7.6% vs -2.8%, a 10.4% gap on every dollar of revenue.
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.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
CVCO vs VFS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $718.6M |
| Net Profit | $44.1M | $-20.0M |
| Gross Margin | 23.4% | — |
| Operating Margin | 9.4% | -96.1% |
| Net Margin | 7.6% | -2.8% |
| Revenue YoY | 11.3% | — |
| Net Profit YoY | -22.0% | — |
| EPS (diluted) | $5.58 | — |
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 | — | ||
| Q3 25 | $556.5M | $718.6M | ||
| Q2 25 | $556.9M | $663.0M | ||
| Q1 25 | $508.4M | $656.5M | ||
| Q4 24 | $522.0M | — | ||
| Q3 24 | $507.5M | $511.6M | ||
| Q2 24 | $477.6M | — | ||
| Q1 24 | $420.1M | $302.6M |
| Q4 25 | $44.1M | — | ||
| Q3 25 | $52.4M | $-20.0M | ||
| Q2 25 | $51.6M | $-51.8M | ||
| Q1 25 | $36.3M | $-26.1M | ||
| Q4 24 | $56.5M | — | ||
| Q3 24 | $43.8M | $-10.4M | ||
| Q2 24 | $34.4M | — | ||
| Q1 24 | $33.9M | $-618.3M |
| 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% | — | ||
| Q3 25 | 11.2% | -96.1% | ||
| Q2 25 | 10.8% | -79.0% | ||
| Q1 25 | 7.6% | -74.0% | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 9.7% | -65.9% | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | 8.9% | -139.4% |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 9.4% | -2.8% | ||
| Q2 25 | 9.3% | -7.8% | ||
| Q1 25 | 7.1% | -4.0% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 8.6% | -2.0% | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 8.1% | -204.3% |
| Q4 25 | $5.58 | — | ||
| Q3 25 | $6.55 | — | ||
| Q2 25 | $6.42 | — | ||
| Q1 25 | $4.42 | — | ||
| Q4 24 | $6.90 | — | ||
| Q3 24 | $5.28 | — | ||
| Q2 24 | $4.11 | — | ||
| Q1 24 | $4.05 | — |
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 | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $1.5B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | — | ||
| Q3 25 | $391.8M | $8.8M | ||
| Q2 25 | $362.4M | $650.0M | ||
| Q1 25 | $376.1M | $2.4M | ||
| Q4 24 | $378.9M | — | ||
| Q3 24 | $388.7M | $1.9M | ||
| Q2 24 | $380.0M | — | ||
| Q1 24 | $371.0M | $3.0M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | $-7.2B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $183.2M | ||
| Q2 25 | $1.4B | $7.2B | ||
| Q1 25 | $1.4B | $158.2M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $151.8M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | $145.6M |
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.
| Q4 25 | $66.1M | — | ||
| Q3 25 | $78.5M | — | ||
| Q2 25 | $55.5M | — | ||
| Q1 25 | $38.6M | — | ||
| Q4 24 | $37.8M | — | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $47.4M | — | ||
| Q1 24 | — | — |
| 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× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.38× | — | ||
| 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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
