CVCO vs TREX
Cavco Industries, Inc. and Trex Co. Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVCO | TREX |
|---|---|---|
| Revenue | $2.2B | $1.2B |
| Net income | $190.6M | $190.4M |
| Gross margin | 23.5% | 39.2% |
| Net margin | 8.5% | 16.2% |
| Return on equity | 17.6% | 19.8% |
| Diluted EPS | $23.98 | $1.78 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $232.1M | $134.5M |
| Equity | $1.1B | $1.0B |
| Net debt / equity | · | · |
| Current ratio | 2.46× | 1.24× |
| Revenue CAGR 5y | 15.2% | 5.9% |
| Profit CAGR 5y | 20.0% | 1.6% |
CVCO bills 1.9× the revenue of TREX, and TREX keeps more of each dollar of revenue as profit (16.2% against 8.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CVCO | TREX |
|---|---|---|
| FY2025 | $2.2B | $1.2B |
| FY2024 | $2.0B | $1.2B |
| FY2023 | $1.8B | $1.1B |
| FY2022 | $2.1B | $1.1B |
| FY2021 | $1.6B | $1.2B |
| FY2020 | $1.1B | $880.8M |
| FY2019 | $1.1B | $745.3M |
| FY2018 | $962.7M | $684.2M |
| FY2017 | $871.2M | $565.2M |
| FY2016 | $773.8M | $479.6M |
Bottom line
| Fiscal year | CVCO | TREX |
|---|---|---|
| FY2025 | $190.6M | $190.4M |
| FY2024 | $171.0M | $238.4M |
| FY2023 | $157.8M | $204.1M |
| FY2022 | $240.6M | $184.6M |
| FY2021 | $197.7M | $208.7M |
| FY2020 | $76.6M | $175.6M |
| FY2019 | $75.1M | $144.7M |
| FY2018 | $68.6M | $134.6M |
| FY2017 | $61.5M | $95.1M |
| FY2016 | $38.0M | $67.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,070,238,000 | CVCO |
| FY2024 | +$864,009,000 | CVCO |
| FY2023 | +$699,955,000 | CVCO |
| FY2022 | +$1,036,670,000 | CVCO |
| FY2021 | +$430,206,000 | CVCO |
| FY2020 | +$227,220,000 | CVCO |
| FY2019 | +$316,427,000 | CVCO |
| FY2018 | +$278,496,000 | CVCO |
| FY2017 | +$306,082,000 | CVCO |
| FY2016 | +$294,181,000 | CVCO |
| FY2015 | +$271,548,000 | CVCO |
| FY2014 | +$174,999,000 | CVCO |
| FY2013 | +$190,828,000 | CVCO |
| FY2012 | +$144,946,000 | CVCO |
| FY2011 | +$176,277,000 | CVCO |
| FY2010 | −$145,863,000 | TREX |
| FY2009 | −$156,674,000 | TREX |
The higher-revenue side has changed between CVCO and TREX over this period. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.7 pp | TREX |
| FY2024 | −12.2 pp | TREX |
| FY2023 | −9.8 pp | TREX |
| FY2022 | −5.5 pp | TREX |
| FY2021 | −5.3 pp | TREX |
| FY2020 | −13.0 pp | TREX |
| FY2019 | −12.3 pp | TREX |
| FY2018 | −12.5 pp | TREX |
| FY2017 | −9.8 pp | TREX |
| FY2016 | −9.2 pp | TREX |
| FY2015 | −6.9 pp | TREX |
| FY2014 | −6.4 pp | TREX |
| FY2013 | −6.6 pp | TREX |
| FY2012 | +1.4 pp | CVCO |
| FY2011 | +11.1 pp | CVCO |
| FY2010 | +5.5 pp | CVCO |
| FY2009 | +2.9 pp | CVCO |
The higher net margin has changed hands between CVCO and TREX over this period.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TREX's net margin has been more volatile than CVCO's over the 17 comparable fiscal years — 8.9 percentage points of standard deviation against 3.6.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CVCO and TREX over these 17 fiscal years — CVCO led in 4 and TREX in 13.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TREX's return on equity has been more volatile than CVCO's over the 17 comparable fiscal years — 21.1 percentage points of standard deviation against 7.4.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CVCO and TREX over these 17 fiscal years — CVCO led in 3 and TREX in 14.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.