Cavco Industries vs Smith Douglas Homes
Cavco Industries is the larger business, with $2.24bn of revenue in fiscal 2026 against $971m for Smith Douglas Homes (2.3 times as much). Cavco Industries grew faster (11.4% against -0.4%). Cavco Industries kept more of each dollar of sales as profit: a net margin of 8.5% against 1.1%. Smith Douglas Homes carries less debt relative to equity (0.0% against 0.7%).
| Latest fiscal year | Cavco IndustriesCVCO, 2026 | Smith Douglas HomesSDHC, 2025 |
|---|---|---|
| Revenue | $2.24bn | $971m |
| Revenue growth | 11.4% | -0.4% |
| Net income | $191m | $10.7m |
| Operating margin | 10.2% | — |
| Net margin | 8.5% | 1.1% |
| Return on equity | 17.6% | 13.3% |
| Free cash flow | $232m | −$36.9m |
| Cash | $237m | $12.7m |
| Total debt | $7.4m | $0 |
| Debt to equity | 0.7% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $160m | — |
| Employees | — | 510 |
| Market value | $4.98bn | $86.1m |
| Price vs our value range | Within our value range | — |
| Moat score | 72 (Strong) | — |
| Insider trades, 12 months | 5 buys, 9 sales | 10 buys, 0 sales |