Filing Flows

Filing Flows › Cavco Industries (CVCO) › How it makes money

How Cavco Industries (CVCO) makes money

Cavco Industries (CVCO) made $656M of revenue in the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier. Factory-built housing brought in $634M (97%); Financial services brought in $22.6M (3%). Of every dollar of revenue, 22¢ was left as gross profit, 11¢ was left as operating profit, 8¢ was left as net earnings.

Drawing the Sankey…

Cavco Industries revenue by segment, Q2 FY27Cavco Industries revenue by segment, Q2 FY27Factory-built housing$634MFinancial services$22.6M
Cavco Industries: revenue by line, Q4 FY25 to Q2 FY27Cavco Industries: revenue by line, Q4 FY25 to Q2 FY27Factory-built housingFinancial servicesFactory-built housing: $634M latest$634MFinancial services: $22.6M latestQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
The mix barely moved between Q4 FY25 and Q2 FY27.
Cavco Industries revenue by quarterCavco Industries revenue by quarter$508MQ4 FY25$557MQ1 FY26$557MQ2 FY26$581MQ3 FY26$550MQ4 FY26$610MQ1 FY27$656MQ2 FY27
Cavco Industries: where each dollar of revenue goesCavco Industries: where each dollar of revenue goesCost of revenue78¢Gross profit22¢Operating expenses12¢Operating profit11¢Income tax3¢Net earnings8¢Operating cash flow15¢Free cash flow10¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Factory-built housing$634M96.6%+8%+18%
Financial services$22.6M3.4%-6%+6%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$656M100.0%
Cost of revenue$509M77.5%
Gross profit$148M22.5%
Operating expenses$77.7M11.8%
Operating profit$69.9M10.6%
Income tax$17.9M2.7%
Net earnings$55.4M8.4%
Operating cash flow$96.4M14.7%
Free cash flow$66.7M10.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$656M+18%
Q1 FY27$610M+10%
Q4 FY26$550M+8%
Q3 FY26$581M+11%
Q2 FY26$557M+10%
Q1 FY26$557M+17%
Q4 FY25$508M+21%

From Cavco Industries' 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Cavco Industries make money?

Cavco Industries (CVCO) made $656M of revenue in the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier. Factory-built housing brought in $634M (97%); Financial services brought in $22.6M (3%). Of every dollar of revenue, 22¢ was left as gross profit, 11¢ was left as operating profit, 8¢ was left as net earnings.

What is Cavco Industries' biggest business?

Factory-built housing: $634M in the second quarter fiscal 2027, 97% of revenue, +18% from a year earlier.

What is Cavco Industries' profit margin?

Net earnings were $55.4M, 8.4% of revenue, in the second quarter fiscal 2027; the operating margin was 10.6%.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.