Cavco Industries vs Installed Building Products
Installed Building Products is the larger business, with $2.97bn of revenue in fiscal 2025 against $2.24bn for Cavco Industries (1.3 times as much). Cavco Industries grew faster (11.4% against 1.0%). Installed Building Products kept more of each dollar of sales as profit: a net margin of 8.9% against 8.5%. Cavco Industries carries less debt relative to equity (0.7% against 124.9%).
| Latest fiscal year | Cavco IndustriesCVCO, 2026 | Installed Building ProductsIBP, 2025 |
|---|---|---|
| Revenue | $2.24bn | $2.97bn |
| Revenue growth | 11.4% | 1.0% |
| Net income | $191m | $265m |
| Operating margin | 10.2% | 13.0% |
| Net margin | 8.5% | 8.9% |
| Return on equity | 17.6% | 37.5% |
| Free cash flow | $232m | $301m |
| Cash | $237m | $322m |
| Total debt | $7.4m | $887m |
| Debt to equity | 0.7% | 124.9% |
| Dividend per share | — | $3.18 |
| Dividend yield | — | 1.5% |
| Share buybacks | $160m | $173m |
| Employees | — | 10,400 |
| Market value | $4.98bn | $5.64bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 72 (Strong) | 69 (Moderate) |
| Insider trades, 12 months | 5 buys, 9 sales | 27 buys, 7 sales |