Filing Flows › Cavco Industries (CVCO) › Q2 FY27 › vs Q2 FY26
Cavco Industries (CVCO) Q2 FY27 vs Q2 FY26 (year over year)
Cavco Industries's revenue rose $99.9M (+18%) from $557M in Q2 FY26 to $656M in Q2 FY27. The biggest changes: Factory-built housing +$98.6M (+18%); Financial services +$1.2M (+6%). Gross margin 22.5% against 24.2% (-1.7 pts).
Cavco Industries, Q2 FY27: revenue $656M (+18% year over year), operating margin 10.6%, net earnings $55.4M, operating cash flow $96.4M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 22.5% | 24.2% | -1.7 pts |
| Operating margin | 10.6% | 11.2% | -0.5 pts |
| Net margin | 8.4% | 9.4% | -1.0 pts |
| Free cash flow margin | 10.2% | 12.4% | -2.2 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Factory-built housing | $634M | $535M | $98.6M | +18% |
| Financial services | $22.6M | $21.4M | $1.2M | +6% |
| Revenue | $656M | $557M | $99.9M | +18% |
| Gross profit | $148M | $134M | $13.2M | +10% |
| Cost of revenue | $509M | $422M | $86.6M | +21% |
| Other income, net | $3.4M | $5.1M | −$1.6M | -32% |
| Operating profit | $69.9M | $62.2M | $7.7M | +12% |
| Operating expenses | $77.7M | $72.2M | $5.5M | +8% |
| Pre-tax earnings | $73.4M | $67.3M | $6.1M | +9% |
| Net earnings | $55.4M | $52.4M | $3.1M | +6% |
| Income tax | $17.9M | $14.9M | $3.0M | +20% |
| Depreciation & amortization | $6.9M | $5.3M | $1.6M | +29% |
| Share-based compensation | $3.1M | $3.5M | −$477K | -14% |
| Working capital & other | $31.0M | $17.2M | $13.8M | +80% |
| Operating cash flow | $96.4M | $78.5M | $17.9M | +23% |
| Free cash flow (OCF − capex) | $66.7M | $68.7M | −$2.0M | -3% |
| Capital expenditures | $29.7M | $9.7M | $20.0M | +205% |
Questions
How much did Cavco Industries's revenue grow year over year in Q2 FY27?
Cavco Industries's revenue rose $99.9M (+18%) from $557M in Q2 FY26 to $656M in Q2 FY27.
What drove Cavco Industries's revenue change in Q2 FY27?
Factory-built housing +$98.6M (+18%); Financial services +$1.2M (+6%).