Financial research concept

Manufactured Housing Factory-Built Housing Gross Margin

measures factory-built housing gross profit as a percentage of the segment's net revenue.

By Lee BaileyPublished Sep 30, 2026

Research context

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Research date: Sep 30, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 12 connected conceptsPart of the reviewed Manufactured Housing Economics; issuer definitions remain distinct where disclosed.
Company examples: 2 reviewed companiesRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Gross margin converts selling economics into manufacturing contribution
Channel and volume can complicate peer comparisons
Part of the Manufactured Housing Economics
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Manufactured housing factory-built housing gross margin measures factory-built housing gross profit as a percentage of segment net revenue.

Cavco reported a 20.8% factory-built housing gross margin for the quarter ended June 27, 2026, down from 22.6% a year earlier. Champion Homes reported 24.4% for its U.S. Factory-built Housing segment, down from 26.3%.

Gross margin converts selling economics into manufacturing contribution

Home price and product mix can help gross margin, while lumber, components, labor, freight, warranty costs, and plant utilization can work in the other direction.

Both issuers specifically discussed higher input costs as a pressure in the current period.

Channel and volume can complicate peer comparisons

A company with more direct retail activity can have a different revenue and cost structure than a mostly wholesale manufacturer.

Read margin with company-owned retail home sales mix and homes sold, rather than treating the percentage as a stand-alone manufacturing score.

Primary sources: Cavco Q1 fiscal 2027 Form 10-Q and Champion Homes Q1 fiscal 2027 Form 10-Q.

Part of the Manufactured Housing Economics

Connects factory-built housing unit and module volume, backlog, HUD-code market exposure, direct-retail channel mix, physical footprint, per-home monetization, financial-services mix, and gross-margin conversion.

Browse the full operating model in Company Analysis →

Where this concept fits

Footprint and profit conversionCurrent relationship
Manufacturing facilities and retail sales centers describe the physical operating network, while factory-built housing gross margin and financial-services revenue mix show how manufacturing and adjacent finance or insurance activities shape consolidated economics.
Factory-Built Housing Gross MarginCurrent conceptFinancial Services Revenue Mix Manufacturing Facility Count Retail Sales Center Count
Orders, market demand, and factory throughput
HUD-code industry shipments set the external demand backdrop, wholesale market share shows issuer capture, backlog records unfilled orders, and homes sold shows realized unit throughput.
Backlog Value Factory-Built Homes Sold HUD-Code Industry Shipments Wholesale Market Share
Product, channel, and per-home monetization
Modules sold captures multi-section product volume, HUD-code sales mix describes construction-standard exposure, company-owned retail mix adds downstream channel context, and net revenue per home combines price, product, channel, installation, and service effects.
Company-Owned Retail Home Sales Mix Factory-Built Modules Sold HUD-Code Sales Mix Net Revenue per Home Sold

Backlog Value
Company-Owned Retail Home Sales Mix
Factory-Built Homes Sold
Factory-Built Housing Gross MarginCurrent concept
Factory-Built Modules Sold
Financial Services Revenue Mix
HUD-Code Industry Shipments
HUD-Code Sales Mix
Manufacturing Facility Count
Net Revenue per Home Sold
Retail Sales Center Count
Wholesale Market Share

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

CVCOOpen operating-model research →7 of 12 reviewed concepts in Manufactured Housing EconomicsFootprint and profit conversion2 of 4 bridge concepts supportedContinue through this bridge:Financial Services Revenue Mix
SKYOpen operating-model research →8 of 12 reviewed concepts in Manufactured Housing EconomicsFootprint and profit conversion3 of 4 bridge concepts supportedContinue through this bridge:Manufacturing Facility Count Retail Sales Center Count

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Compare factory-built housing margins

Compare segment gross margins with input costs, channel mix, product mix, and plant utilization in view.

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