Filing Flows › Cavco Industries (CVCO) › Q1 FY27 › vs Q4 FY26
Cavco Industries (CVCO) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Cavco Industries's revenue rose $59.8M (+11%) from $550M in Q4 FY26 to $610M in Q1 FY27. The biggest changes: Factory-built housing +$57.9M (+11%); Financial services +$1.9M (+9%). Gross margin 22.1% against 23.1% (-1.0 pts).
Cavco Industries, Q1 FY27: revenue $610M (+10% year over year), operating margin 8.6%, net earnings $42.3M, operating cash flow $74.5M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 22.1% | 23.1% | -1.0 pts |
| Operating margin | 8.6% | 9.4% | -0.7 pts |
| Net margin | 6.9% | 7.7% | -0.8 pts |
| Free cash flow margin | 8.0% | 10.8% | -2.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Factory-built housing | $586M | $528M | $57.9M | +11% |
| Financial services | $24.0M | $22.1M | $1.9M | +9% |
| Revenue | $610M | $550M | $59.8M | +11% |
| Gross profit | $135M | $127M | $7.5M | +6% |
| Cost of revenue | $475M | $423M | $52.3M | +12% |
| Other income, net | $3.0M | $3.1M | −$45K | -1% |
| Operating profit | $52.8M | $51.5M | $1.3M | +2% |
| Operating expenses | $81.8M | $75.6M | $6.3M | +8% |
| Pre-tax earnings | $55.8M | $54.6M | $1.2M | +2% |
| Net earnings | $42.3M | $42.5M | −$190K | -0.4% |
| Income tax | $13.5M | $12.1M | $1.4M | +12% |
| Depreciation & amortization | $6.7M | $6.4M | $311K | +5% |
| Share-based compensation | $4.1M | $2.5M | $1.6M | +63% |
| Working capital & other | $21.4M | $16.0M | $5.4M | +34% |
| Operating cash flow | $74.5M | $67.4M | $7.1M | +11% |
| Free cash flow (OCF − capex) | $49.0M | $59.3M | −$10.4M | -17% |
| Capital expenditures | $25.5M | $8.0M | $17.4M | +217% |
Questions
How much did Cavco Industries's revenue grow quarter over quarter in Q1 FY27?
Cavco Industries's revenue rose $59.8M (+11%) from $550M in Q4 FY26 to $610M in Q1 FY27.
What drove Cavco Industries's revenue change in Q1 FY27?
Factory-built housing +$57.9M (+11%); Financial services +$1.9M (+9%).