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Side-by-side financial comparison of CAVCO INDUSTRIES, INC. (CVCO) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
CAVCO INDUSTRIES, INC. is the larger business by last-quarter revenue ($581.0M vs $377.3M, roughly 1.5× Bristow Group Inc.). CAVCO INDUSTRIES, INC. runs the higher net margin — 7.6% vs 4.9%, a 2.7% gap on every dollar of revenue. On growth, CAVCO INDUSTRIES, INC. posted the faster year-over-year revenue change (11.3% vs 6.7%). CAVCO INDUSTRIES, INC. produced more free cash flow last quarter ($57.6M vs $47.8M). Over the past eight quarters, CAVCO INDUSTRIES, INC.'s revenue compounded faster (17.6% CAGR vs 5.8%).
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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
CVCO vs VTOL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $581.0M | $377.3M |
| Net Profit | $44.1M | $18.4M |
| Gross Margin | 23.4% | — |
| Operating Margin | 9.4% | 8.5% |
| Net Margin | 7.6% | 4.9% |
| Revenue YoY | 11.3% | 6.7% |
| Net Profit YoY | -22.0% | -42.1% |
| EPS (diluted) | $5.58 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $556.5M | $386.3M | ||
| Q2 25 | $556.9M | $376.4M | ||
| Q1 25 | $508.4M | $350.5M | ||
| Q4 24 | $522.0M | $353.5M | ||
| Q3 24 | $507.5M | $365.1M | ||
| Q2 24 | $477.6M | $359.7M | ||
| Q1 24 | $420.1M | $337.1M |
| Q4 25 | $44.1M | $18.4M | ||
| Q3 25 | $52.4M | $51.5M | ||
| Q2 25 | $51.6M | $31.7M | ||
| Q1 25 | $36.3M | $27.4M | ||
| Q4 24 | $56.5M | $31.8M | ||
| Q3 24 | $43.8M | $28.2M | ||
| Q2 24 | $34.4M | $28.2M | ||
| Q1 24 | $33.9M | $6.6M |
| 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% | 8.5% | ||
| Q3 25 | 11.2% | 13.1% | ||
| Q2 25 | 10.8% | 11.3% | ||
| Q1 25 | 7.6% | 9.6% | ||
| Q4 24 | 12.3% | 9.0% | ||
| Q3 24 | 9.7% | 9.1% | ||
| Q2 24 | 8.1% | 12.4% | ||
| Q1 24 | 8.9% | 6.8% |
| Q4 25 | 7.6% | 4.9% | ||
| Q3 25 | 9.4% | 13.3% | ||
| Q2 25 | 9.3% | 8.4% | ||
| Q1 25 | 7.1% | 7.8% | ||
| Q4 24 | 10.8% | 9.0% | ||
| Q3 24 | 8.6% | 7.7% | ||
| Q2 24 | 7.2% | 7.8% | ||
| Q1 24 | 8.1% | 2.0% |
| Q4 25 | $5.58 | $0.61 | ||
| Q3 25 | $6.55 | $1.72 | ||
| Q2 25 | $6.42 | $1.07 | ||
| Q1 25 | $4.42 | $0.92 | ||
| Q4 24 | $6.90 | $1.07 | ||
| Q3 24 | $5.28 | $0.95 | ||
| Q2 24 | $4.11 | $0.96 | ||
| Q1 24 | $4.05 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $1.1B | $1.1B |
| Total Assets | $1.5B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.9M | $286.2M | ||
| Q3 25 | $391.8M | $245.5M | ||
| Q2 25 | $362.4M | $251.8M | ||
| Q1 25 | $376.1M | $191.1M | ||
| Q4 24 | $378.9M | $247.5M | ||
| Q3 24 | $388.7M | $200.3M | ||
| Q2 24 | $380.0M | $178.6M | ||
| Q1 24 | $371.0M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $984.4M | ||
| Q1 25 | $1.1B | $931.7M | ||
| Q4 24 | $1.1B | $891.7M | ||
| Q3 24 | $1.0B | $899.2M | ||
| Q2 24 | $1.0B | $849.1M | ||
| Q1 24 | $1.0B | $820.7M |
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $57.6M | $47.8M |
| FCF MarginFCF / Revenue | 9.9% | 12.7% |
| Capex IntensityCapex / Revenue | 1.5% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.50× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $205.3M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $76.9M | ||
| Q3 25 | $78.5M | $23.1M | ||
| Q2 25 | $55.5M | $99.0M | ||
| Q1 25 | $38.6M | $-603.0K | ||
| Q4 24 | $37.8M | $51.1M | ||
| Q3 24 | $54.7M | $66.0M | ||
| Q2 24 | $47.4M | $33.7M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | $57.6M | $47.8M | ||
| Q3 25 | $68.7M | $-6.2M | ||
| Q2 25 | $46.4M | $67.4M | ||
| Q1 25 | $32.5M | $-52.7M | ||
| Q4 24 | $32.3M | $-32.4M | ||
| Q3 24 | $49.8M | $9.0M | ||
| Q2 24 | $42.4M | $-16.7M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | 9.9% | 12.7% | ||
| Q3 25 | 12.4% | -1.6% | ||
| Q2 25 | 8.3% | 17.9% | ||
| Q1 25 | 6.4% | -15.0% | ||
| Q4 24 | 6.2% | -9.2% | ||
| Q3 24 | 9.8% | 2.5% | ||
| Q2 24 | 8.9% | -4.6% | ||
| Q1 24 | — | -11.2% |
| Q4 25 | 1.5% | 7.7% | ||
| Q3 25 | 1.7% | 7.6% | ||
| Q2 25 | 1.6% | 8.4% | ||
| Q1 25 | 1.2% | 14.9% | ||
| Q4 24 | 1.0% | 23.6% | ||
| Q3 24 | 1.0% | 15.6% | ||
| Q2 24 | 1.0% | 14.0% | ||
| Q1 24 | — | 19.2% |
| Q4 25 | 1.50× | 4.17× | ||
| Q3 25 | 1.50× | 0.45× | ||
| Q2 25 | 1.08× | 3.12× | ||
| Q1 25 | 1.06× | -0.02× | ||
| Q4 24 | 0.67× | 1.61× | ||
| Q3 24 | 1.25× | 2.34× | ||
| Q2 24 | 1.38× | 1.20× | ||
| Q1 24 | — | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
