Cavco Industries vs Green Brick Partners
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The short version
- Cavco Industries is the larger business, with $2.2B of revenue in fiscal 2026 against $2.0B for Green Brick Partners.
- Cavco Industries grew revenue faster (11.4%, against −1.0%).
- Investors pay more for each dollar of Cavco Industries’s earnings: a P/E of 23.2x against 9.7x for Green Brick Partners.
| Latest fiscal year | CVCO · FY26 | GRBK · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.2B | $2.8B |
| Revenue | $2.2B | $2.0B |
| Free cash flow | $232M | $208M |
| Net income | $191M | $313M |
| Growth | ||
| Revenue growth | 11.4% | −1.0% |
| 5-year growth | 15.2% | 15.9% |
| Share count change | −3.8% | −2.0% |
| Profitability | ||
| Gross margin | 23.5% | 31.4% |
| Operating margin | 10.2% | — |
| Net margin | 8.5% | 15.4% |
| FCF margin | 10.3% | 10.2% |
| Return on capital | — | 17.9% |
| Return on equity | 17.6% | 18.0% |
| Balance sheet | ||
| Net debt | — | $132M |
| Net debt / EBITDA | — | 0.3x |
| Dividends and buybacks | $160M | $86.7M |
| Valuation & quality | ||
| P/E | 23.2x | 9.7x |
| Piotroski F-score | — | — |
Revenue
FY17
CVCO $774M
GRBK $458M
FY18
CVCO $871M
GRBK $624M
FY19
CVCO $963M
GRBK $792M
FY20
CVCO $1.1B
GRBK $976M
FY21
CVCO $1.1B
GRBK $1.4B
FY22
CVCO $1.6B
GRBK $1.8B
FY23
CVCO $2.1B
GRBK $1.7B
FY24
CVCO $1.8B
GRBK $2.1B
FY25
CVCO $2.0B
GRBK $2.0B
FY26
CVCO $2.2B
GRBK —
CVCO
GRBK
Operating margin
FY17
CVCO 7.3%
GRBK 13.1%
FY18
CVCO 8.5%
GRBK 11.5%
FY19
CVCO 8.7%
GRBK —
FY20
CVCO 8.0%
GRBK —
FY21
CVCO 8.0%
GRBK —
FY22
CVCO 12.4%
GRBK —
FY23
CVCO 13.8%
GRBK —
FY24
CVCO 10.0%
GRBK —
FY25
CVCO 9.4%
GRBK —
FY26
CVCO 10.2%
GRBK —
CVCO
GRBK
Free cash flow
FY17
CVCO $40.5M
GRBK −$18.2M
FY18
CVCO $50.6M
GRBK −$42.7M
FY19
CVCO $25.2M
GRBK −$24.6M
FY20
CVCO $87.4M
GRBK $32.2M
FY21
CVCO $88.5M
GRBK −$94.4M
FY22
CVCO $126M
GRBK $88.7M
FY23
CVCO $212M
GRBK $206M
FY24
CVCO $207M
GRBK $21.6M
FY25
CVCO $157M
GRBK $208M
FY26
CVCO $232M
GRBK —
CVCO
GRBK
Return on capital
FY17
CVCO —
GRBK 6.2%
FY18
CVCO —
GRBK —
FY19
CVCO —
GRBK —
FY20
CVCO —
GRBK 15.0%
FY21
CVCO —
GRBK 20.7%
FY22
CVCO —
GRBK 25.2%
FY23
CVCO —
GRBK 21.7%
FY24
CVCO —
GRBK 25.3%
FY25
CVCO —
GRBK 17.9%
FY26
CVCO —
GRBK —
CVCO
GRBK
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.