CVCO vs SKY: Cavco Industries and Skyline compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Skyline is the larger company, worth $4.3B, close to Cavco Industries's $4.1B.
- Cavco Industries grew revenue faster over the last year (+9.5% vs +1.3%).
- Cavco Industries keeps more of each dollar of revenue as operating profit (9.6% vs 8.7%).
- On earnings, Skyline is the cheaper stock (20.6x vs 22.8x).
- Cavco Industries's price assumes faster free cash flow growth: about 3% a year, against 2% for Skyline (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CVCO | SKY |
|---|---|---|
| Market cap | $4.1B | $4.3B |
| Share price | $532.43 | $79.63 |
| Revenue (last fiscal year) | $2.2B | $2.7B |
| Free cash flow (last fiscal year) | $232M | $270M |
| Revenue growth, last year | +9.5% | +1.3% |
| Revenue growth per year, last 5 fiscal years | +8.4% | +4.8% |
| Operating margin | 9.6% | 8.7% |
| Net margin | 7.9% | 7.2% |
| Return on equity | 16.3% | 12.2% |
| P/E (trailing) | 22.8x | 20.6x |
| Price / free cash flow | 25.9x | 22.6x |
| EV / EBITDA | 15.7x | 13.7x |
| FCF growth the price implies | 3.3% | 2.0% |
| Dividend yield | — | — |
| Debt / equity | 0.39x | 0.37x |
| Fundamental grade | C | C |
| Superinvestors holding it | 4 | 7 |
| Insider purchases, last 12 months | 6 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Cavco Industries
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $1.6B | $126M | 12.4% |
| 2023 | $2.1B | $212M | 13.8% |
| 2024 | $1.8B | $207M | 10.0% |
| 2025 | $2.0B | $157M | 9.4% |
| 2026 | $2.2B | $232M | 10.2% |
Skyline
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $2.2B | $192M | 15.1% |
| 2023 | $2.6B | $364M | 19.9% |
| 2024 | $2.0B | $170M | 8.7% |
| 2025 | $2.5B | $190M | 9.5% |
| 2026 | $2.7B | $270M | 9.5% |
Where the revenue comes from
Cavco Industries · by segments, 2026
Factory-built housing$2.2B96%
Financial services$87M4%
Skyline · by segments, 2026
U.S Factory-built Housing$2.5B94%
Canadian Factory-built Housing$111M4%
Corporate or other$37M1%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CVCO in InvestinglyQuestions
Which is bigger, Cavco Industries or Skyline?
Skyline (SKY), at $4.3B against $4.1B.
Is CVCO or SKY cheaper?
By trailing P/E, Skyline (20.6x) is cheaper than Cavco Industries (22.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, CVCO or SKY?
Cavco Industries: revenue grew +9.5% over the last year, against +1.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.