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Cavco Industries vs Legacy Housing: CVCO and LEGH compared
Cavco Industries is the larger company: $656M of revenue in its latest quarter (Q2 FY27) against $69.7M for Legacy Housing (Q3 2026). Legacy Housing is growing faster (+72% against +18% a year earlier). Legacy Housing is more profitable, with an operating margin of 33.6% against 10.6%.
Where the money goes: CVCO and LEGH
Cavco Industries (CVCO) · Q2 FY27
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 follows the revenue to costs, profit and cash.
Legacy Housing (LEGH) · Q3 2026
Legacy Housing, Q3 2026: revenue $69.7M (+72% year over year), operating margin 33.6%, net earnings $20.1M, operating cash flow $10.9M. The chart follows the revenue to costs, profit and cash.
| Cavco Industries (CVCO) | Legacy Housing (LEGH) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $656M | $69.7M |
| Revenue growth, Y/Y | +18% | +72% |
| Gross margin | 22.5% | — |
| Operating margin | 10.6% | 33.6% |
| Net earnings | $55.4M | $20.1M |
| Net margin | 8.4% | 28.9% |
| Operating cash flow | $96.4M | $10.9M |
| Free cash flow | $66.7M | $7.4M |
| Market value | $4.9B | $661M |
| P/E | 27.0× | 10.4× |
| Analysts’ mean target | $725.60 | $24.00 |
Where the revenue comes from
Cavco Industries
- Factory-built housing: $634M (97%)
- Financial services: $22.6M (3%)
Legacy Housing
- Workforce Housing Sales: $30.6M (44%)
- Other revenues: $14.5M (21%)
- Commercial sales: $9.6M (14%)
- Retail store sales: $7.0M (10%)
Questions
Which is bigger, Cavco Industries or Legacy Housing?
Cavco Industries is the larger company: $656M of revenue in its latest quarter (Q2 FY27) against $69.7M for Legacy Housing (Q3 2026).
Is Cavco Industries or Legacy Housing growing faster?
Legacy Housing is growing faster (+72% against +18% a year earlier).
Which is more profitable, Cavco Industries or Legacy Housing?
Legacy Housing is more profitable, with an operating margin of 33.6% against 10.6%.
More: Cavco Industries earnings · how Cavco Industries makes money · Legacy Housing earnings · how Legacy Housing makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.