CVCO · Cavco Industries Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $556.86M | $580.99M | $556.53M | $477.60M | $522.04M | $507.46M | $475.88M | $446.77M | $452.03M | $577.39M |
| Cost of Revenue | $427.35M | $392.09M | $391.34M | $374.20M | $392.09M | $391.34M | $358.00M | $343.72M | $345.07M | $419.79M |
| Gross Profit | $129.51M | $135.92M | $134.41M | $103.40M | $129.95M | $116.12M | $117.88M | $103.05M | $106.96M | $157.60M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $69.15M | $81.36M | $72.23M | $64.85M | $65.98M | $67.00M | $61.68M | $63.31M | $61.51M | $66.89M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $5.17M | $4.41M | $4.96M | $4.76M | - | - | $4.57M | $4.20M | $4.30M | $3.80M |
| Operating Income | $60.36M | $54.56M | $62.18M | $38.55M | $63.97M | $49.13M | $56.20M | $39.74M | $45.45M | $90.70M |
| Interest Expense | $164.0K | $131.0K | $112.0K | $90.0K | $155.0K | $125.0K | $266.0K | $842.0K | $257.0K | $233.0K |
| Income Tax | $13.65M | $13.53M | $14.87M | $9.43M | $12.87M | $11.13M | $14.27M | $7.92M | $10.09M | $18.61M |
| Net Income | $51.64M | $44.07M | $52.38M | $34.43M | $56.46M | $43.81M | $46.36M | $35.99M | $41.54M | $74.12M |
| EPS - Basic | $6.49 | $5.65 | $6.62 | $4.15 | $6.97 | $5.33 | $5.35 | $4.31 | $4.80 | $8.32 |
| EPS - Diluted | $6.42 | $5.58 | $6.55 | $4.11 | $6.90 | $5.28 | $5.29 | $4.27 | $4.76 | $8.25 |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $236.72M | $224.62M | $374.98M | $356.23M | $362.86M | $364.11M | $352.69M | $352.81M | $377.26M | $271.43M |
| Accounts Receivable | $108.29M | $105.96M | $115.65M | $105.85M | $91.84M | $94.30M | $77.12M | $70.50M | $88.56M | $89.35M |
| Inventory | $295.67M | $290.54M | $258.42M | $252.69M | $243.30M | $244.03M | $241.34M | $236.65M | $244.48M | $263.15M |
| Accounts Payable | $44.17M | $35.00M | $44.08M | $37.20M | $26.09M | $39.25M | $33.53M | $23.93M | $41.09M | $30.73M |
| Current Assets | $824.73M | $816.79M | $934.55M | $910.19M | $877.99M | $901.97M | $851.80M | $833.05M | $875.44M | $804.58M |
| Total Assets | $1.49B | $1.47B | $1.45B | $1.41B | $1.39B | $1.40B | $1.35B | $1.33B | $1.37B | $1.31B |
| Current Liabilities | $335.40M | $328.68M | $318.05M | $303.17M | $285.22M | $311.48M | $273.27M | $271.17M | $305.48M | $293.39M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $387.96M | $382.98M | $362.93M | $342.06M | - | - | $320.75M | - | - | - |
| Stockholders' Equity | $1.10B | $1.09B | $1.09B | $1.06B | $1.06B | $1.04B | $1.03B | $1.01B | $1.02B | $976.29M |
| Retained Earnings | $1.39B | $1.35B | $1.30B | $1.20B | $1.16B | $1.11B | $1.03B | $993.19M | $957.21M | $869.31M |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.52M | - | - | $47.39M | - | - | $82.29M | - | - | - |
| Investing Cash Flow | ($7.71M) | - | - | ($5.35M) | - | - | $2.09M | - | - | - |
| Financing Cash Flow | ($54.73M) | - | - | ($31.86M) | - | - | ($1.49M) | - | - | - |
| CapEx | $9.14M | - | - | $4.97M | - | - | $4.18M | - | - | - |
| Free Cash Flow | $46.38M | - | - | $42.42M | - | - | $78.11M | - | - | - |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 23.3% | 23.4% | 24.2% | 21.7% | 24.9% | 22.9% | 24.8% | 23.1% | 23.7% | 27.3% |
| Operating margin | 10.8% | 9.4% | 11.2% | 8.1% | 12.3% | 9.7% | 11.8% | 8.9% | 10.1% | 15.7% |
| EBITDA margin | 11.8% | 10.1% | 12.1% | 9.1% | - | - | 12.8% | 9.8% | 11.0% | 16.4% |
| Net margin | 9.3% | 7.6% | 9.4% | 7.2% | 10.8% | 8.6% | 9.7% | 8.1% | 9.2% | 12.8% |
| Free cash flow margin | 8.3% | - | - | 8.9% | - | - | 16.4% | - | - | - |
| FCF / Net income | 0.90 | - | - | 1.23 | - | - | 1.68 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.4% | 14.0% | 13.0% | 13.6% | 12.6% | 13.2% | 13.0% | 14.2% | 13.6% | 11.6% |
| Effective tax rate | 20.9% | 23.5% | 22.1% | 21.5% | 18.6% | 20.3% | 23.5% | 18.0% | 19.5% | 20.1% |
| Return on assets | 3.5% | 3.0% | 3.6% | 2.4% | 4.1% | 3.1% | 3.4% | 2.7% | 3.0% | 5.7% |
| Return on equity | 4.7% | 4.0% | 4.8% | 3.2% | 5.3% | 4.2% | 4.5% | 3.6% | 4.1% | 7.6% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.46 | 2.49 | 2.94 | 3.00 | 3.08 | 2.90 | 3.12 | 3.07 | 2.87 | 2.74 |
| Quick ratio | 1.58 | 1.60 | 2.13 | 2.17 | 2.23 | 2.11 | 2.23 | 2.20 | 2.07 | 1.85 |
| Cash ratio | 0.71 | 0.68 | 1.18 | 1.18 | 1.27 | 1.17 | 1.29 | 1.30 | 1.24 | 0.93 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 368.0x | 416.5x | 555.2x | 428.3x | 412.7x | 393.0x | 211.3x | 47.2x | 176.9x | 389.3x |
| Equity multiplier | 1.35 | 1.35 | 1.33 | 1.32 | 1.31 | 1.34 | 1.31 | 1.32 | 1.34 | 1.34 |
| Liabilities / Assets | 0.26 | 0.26 | 0.25 | 0.24 | - | - | 0.24 | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | 0.39 | 0.38 | 0.34 | 0.38 | 0.36 | 0.35 | 0.34 | 0.33 | 0.44 |
| Inventory turnover | 1.45 | 1.35 | 1.51 | 1.48 | 1.61 | 1.60 | 1.48 | 1.45 | 1.41 | 1.60 |
| Days sales outstanding | 71d | 67d | 76d | 81d | 64d | 68d | 59d | 58d | 72d | 56d |
| Days inventory outstanding | 253d | 270d | 241d | 246d | 226d | 228d | 246d | 251d | 259d | 229d |
| Days payable outstanding | 38d | 33d | 41d | 36d | 24d | 37d | 34d | 25d | 43d | 27d |
| Cash conversion cycle | 286d | 304d | 276d | 291d | 266d | 259d | 271d | 283d | 287d | 259d |
| Valuation | ||||||||||
| P / E | 72.6x | 107.6x | 87.4x | 125.1x | 64.2x | 81.8x | 75.4x | 81.2x | 55.8x | 38.5x |
| P / B | 3.4x | 4.4x | 4.2x | 4.0x | 3.4x | 3.4x | 3.4x | 2.9x | 2.3x | 2.9x |
| P / S | 6.7x | 8.2x | 8.2x | 9.0x | 7.0x | 7.1x | 7.3x | 6.5x | 5.1x | 4.9x |
| EV / EBITDA | 53.6x | 76.5x | 62.6x | 91.1x | - | - | 51.7x | 58.5x | 39.0x | 27.3x |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.6% | 11.3% | 9.7% | 0.4% | 16.8% | 12.3% | -19.1% | -10.8% | -21.7% | 60.6% |
| Revenue CAGR (3y) | -1.8% | 5.1% | -1.2% | 13.1% | 6.5% | 12.2% | 23.1% | 15.7% | 20.6% | 29.0% |
| Revenue CAGR (5y) | 16.9% | 15.0% | 16.6% | 12.6% | 13.8% | 13.6% | 14.1% | 13.8% | 13.4% | 23.6% |
| Gross profit growth (YoY) | 25.2% | 4.6% | 15.7% | -12.3% | 26.1% | 8.6% | -18.5% | -21.9% | -32.1% | 75.3% |
| Operating income growth (YoY) | 56.6% | -14.7% | 26.6% | -31.4% | 61.0% | 8.1% | -28.5% | -45.6% | -49.9% | 103.6% |
| Net income growth (YoY) | 50.0% | -22.0% | 19.6% | -25.7% | 56.9% | 5.5% | -22.2% | -39.5% | -44.0% | 97.1% |
| EPS growth (YoY) | 56.2% | -19.1% | 24.1% | -22.3% | 61.6% | 10.9% | -20.2% | -35.9% | -42.3% | 103.2% |
| EPS CAGR (3y) | -1.1% | -5.7% | -7.4% | 12.1% | -7.0% | 9.2% | 43.2% | 26.3% | 43.2% | 54.2% |
| EPS CAGR (5y) | 29.0% | 21.4% | 32.2% | 12.2% | 25.1% | 18.6% | 20.1% | 24.3% | 23.3% | 65.2% |
| FCF growth (YoY) | 9.4% | - | - | -45.7% | - | - | 135.0% | - | - | - |
| FCF CAGR (5y) | 6.5% | - | - | 23.5% | - | - | - | - | - | - |
| Book value growth (YoY) | 3.6% | 3.0% | 4.2% | 3.0% | 4.8% | 2.2% | 21.4% | 5.6% | 4.4% | 17.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-28.
Business segments
$2.24B totalFactory Built Housing$2.16B · 96.1%
Financial Services$87.15M · 3.9%
Product / service
$2.33B totalManufactured Product Other$2.06B · 88.3%
Product And Service Other$100.53M · 4.3%
Subcontracted Site Improvements$85.20M · 3.7%
Financial Service Other$80.52M · 3.5%
Insurance Agency Commissions$6.63M · 0.3%
Peer comparison
Same SIC group: Mobile Homes
Comparing CAVCO INDUSTRIES INC. against the 3 most active filers in the same SIC group.