Cavco Industries, Inc. vs Trex Company, Inc., two Forest Products stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where CVCO and TREX diverge most: on debt / equity, CVCO reads 0.01 and TREX reads 0.00; on operating margin, CVCO reads 9.4% and TREX reads 24.3%. The rest of the comparable metrics sit closer together. What CVCO's price implies is a bet that sits within the historical range (segment-resolved basis). What TREX's price implies is a somewhat stretched bet versus history (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | CVCO | TREX |
|---|---|---|
| Price | $567.16 | $47.16 |
| Market cap | $4.5B | $5.0B |
| Sector | Forest Products | Forest Products |
| Stage | Mature | Mature |
| Implied growth (priced in) | +9.2% | — |
| P/E | 23.6 | 26.2 |
| P/B | 4.06 | 4.98 |
| P/S | 1.99 | 4.21 |
| EV/EBITDA | 16.9 | 17.8 |
| Revenue growth | +11.4% | +5.6% |
| Gross margin | 23.1% | 40.5% |
| Operating margin | 9.4% | 24.3% |
| Net margin | 8.5% | 16.3% |
| Return on equity | 17.3% | 19.2% |
| Return on assets | 12.8% | 11.1% |
| Return on invested capital | 16.0% | 19.2% |
| FCF yield | 5.2% | 4.6% |
| Debt / equity | 0.01 | 0.00 |
| Current ratio | 2.46 | 1.02 |
| Altman Z (solvency) | 9.32 | 6.40 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.