CVCO Cavco Industries margins

Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 59
Gross margin
23.2%
Operating margin
9.6%
EBITDA margin
11.3%
Net margin
7.9%

Based on the latest figures, Cavco Industries reports a gross margin of 23.2%, an operating margin of 9.6%, an EBITDA margin of 11.3%, and a net margin of 7.9%. Net margin had the largest decline, falling by 1.1 percentage points, while the other available margins also weakened.

CVCO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Cavco Industries recorded average margins of 23.42% gross, 9.81% operating, 11.84% EBITDA, and 8.58% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

CVCO margin expansion

Year-over-year margin changes in percentage points

Cavco Industries's gross margin contracted by 0.3 percentage points, operating margin by 0.5 percentage points, EBITDA margin by 0.8 percentage points, and net margin by 1.1 percentage points, led by net margin with a decline of 1.1 percentage points.

Gross margin expansion
-0.3pp
Operating margin expansion
-0.5pp
EBITDA margin expansion
-0.8pp
Net margin expansion
-1.1pp

CVCO Gross margin

Cavco Industries's gross margin averaged 23.42% over the last 3 years. Compared with its three-year average, Cavco Industries's current gross margin is 23.2% and is 0.2 percentage points below its three-year average. Over the last 3 years, Cavco Industries's gross margin peaked at 24.2% in Dec 2023 and reached a low of 22.8% in Sep 2024.

CVCO Operating margin

The average operating margin for Cavco Industries was 9.81% over the last 3 years. Right now, Cavco Industries's current operating margin is 9.6%, which is 0.2 percentage points below its three-year average. The operating margin for Cavco Industries moved between 8.9% in Sep 2024 and 10.6% in Dec 2023.

CVCO EBITDA margin

The average EBITDA margin for Cavco Industries was 11.84% over the last 3 years. As of the latest period, the current EBITDA margin for Cavco Industries is 11.3%, 0.5 percentage points below its three-year average. The EBITDA margin for Cavco Industries moved between 11.1% in Sep 2024 and 12.7% in Dec 2023.

CVCO Net margin

Over the last 3 years, Cavco Industries had an average net margin of 8.58%. At present, Cavco Industries's current net margin is 7.9%, which is 0.7 percentage points below its three-year average. Looking back over the last 3 years, Cavco Industries's net margin reached 9.2% at its highest point in Sep 2025 and 7.9% at its lowest in Jun 2026.

CVCO margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 23.2%, CVCO is above the industry average but below the Consumer Cyclical sector average. Compared to its Consumer Cyclical sector average of 36.2%, Cavco Industries's gross margin is 36% lower.

CVCO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Cavco Industries's gross margin?

The current gross margin for CVCO is 23.2% as of Jun 27, 2026.

What is Cavco Industries's operating margin?

The current operating margin for CVCO is 9.6% as of Jun 27, 2026.

What is Cavco Industries's EBITDA margin?

For the period ending Jun 27, 2026, CVCO recorded an EBITDA margin of 11.3%.

What is Cavco Industries's net margin?

For the period ending Jun 27, 2026, CVCO recorded a net margin of 7.9%.

What are the average margins of CVCO?

Looking back over 3 years, CVCO recorded average margins of 23.4% gross, 9.8% operating, 11.8% EBITDA, and 8.6% net.

What are the highest historical margins of CVCO?

In the last 5 years, the highest margins reported by CVCO were 26% gross in Jul 2023, 14.4% operating in Dec 2022, 15.4% EBITDA in Dec 2022, and 12.7% net in Oct 2022.

What are the lowest historical margins of CVCO?

Across the 5-year period, CVCO posted its lowest margins at 22.8% gross in Sep 2024, 8.9% operating in Sep 2024, 11.1% EBITDA in Sep 2024, and 7.9% net in Jun 2026.