Cavco Industries (CVCO) vs Meritage Homes (MTH)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cavco Industries (CVCO) has outperformed Meritage Homes (MTH) over the past year, gaining 7.4% versus a loss of 13.9%. Over five years, CVCO leads with a +135.9% price change compared with +18.3% for MTH. Cavco Industries is the larger company by market cap ($4.19 billion vs $3.94 billion), about 1.1 times the size.
On valuation, Meritage Homes trades at a lower forward P/E (10.8x vs 18.9x for Cavco Industries). Meritage Homes pays a dividend yielding 3.01%, while Cavco Industries does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CVCO | MTH |
|---|---|---|
| Share price | $545.46 | $60.46 |
| Market cap | $4.19B | $3.94B |
| 1-day change | +0.91% | +0.64% |
| YTD return | -8.50% | -8.71% |
| 1-year return | +7.42% | -13.85% |
| 5-year return | +135.90% | +18.33% |
| P/E ratio (TTM) | 23.73 | 12.62 |
| Forward P/E | 18.93 | 10.77 |
| EPS (TTM) | $22.99 | $4.79 |
| Dividend yield | 0.00% | 3.01% |
| Annual dividend | $0.00 | $1.82 |
| Revenue (latest FY) | $2.24B | — |
| Revenue growth (YoY) | +11.36% | — |
| Net income (latest FY) | $190.55M | $453.01M |
| Gross margin | 23.47% | — |
| Operating margin | 10.18% | — |
| Net margin | 8.49% | — |
| 52-week high | $713.01 | $85.38 |
| 52-week low | $443.34 | $58.03 |
| Distance from 52-week high | -23.50% | -29.19% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +21.92% | +29.02% |
| Average volume | 109.22K | 818.14K |
| Shares outstanding | 7.69M | 65.17M |
| Employees | 7,700 | 1,860 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Homebuilding | Homebuilding |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CVCO has outperformed MTH by 21.3 percentage points over the past year.
- Cavco Industries trades at a higher earnings multiple (23.7x vs 12.6x trailing P/E).
- Meritage Homes offers a meaningfully higher dividend yield (3.01% vs 0.00%).
About Cavco Industries
CVCO stock →Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States.
Consumer Discretionary · Homebuilding · 7,700 employees
About Meritage Homes
MTH stock →Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services.
Consumer Discretionary · Homebuilding · 1,860 employees
CVCO vs MTH FAQ
Which is bigger, Cavco Industries or Meritage Homes?
Cavco Industries (CVCO) is larger, with a market capitalization of $4.19B compared with $3.94B for Meritage Homes (MTH).
Which stock has performed better over the past year, CVCO or MTH?
CVCO returned +7.42% over the past 12 months, compared with -13.85% for MTH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVCO or MTH?
MTH has the lower trailing P/E at 12.6, versus 23.7 for CVCO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cavco Industries or Meritage Homes?
Meritage Homes pays a dividend yielding 3.01%, while Cavco Industries does not currently pay a regular dividend.
Are Cavco Industries and Meritage Homes in the same industry?
Yes. Both are classified in the Homebuilding industry within the Consumer Discretionary sector.