Cavco Industries Inc. (CVCO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$5.55	$5.43	-2.2%	—	—	—
Q4 26	$5.3	$5.42	+2.3%	—	$550.1M	—
Q2 26	$6.05	$6.55	+8.3%	—	$556.5M	—
Q1 26	$5.31	$6.42	+20.9%	—	$556.9M	—
Q4 25	$4.8	$5.4	+12.5%	—	$508.4M	—
Q3 25	$4.61	$6.9	+49.7%	—	$522M	—
Q2 25	$4.85	$5.28	+8.9%	—	$507.5M	—
Q1 25	$4.68	$4.11	-12.2%	—	$477.6M	—
Q4 24	$4.76	$4.03	-15.3%	—	$420.1M	—
Q3 24	$4.37	$4.27	-2.3%	—	$446.8M	—
Q2 24	$5.27	$4.76	-9.7%	—	$452M	—
Q1 24	$5.82	$5.29	-9.1%	—	$475.9M	—
Q4 23	$5.1	$5.39	+5.7%	—	$476.4M	—
Q3 23	$5.79	$6.66	+15.0%	—	$500.6M	—
Q2 23	$5.88	$8.25	+40.3%	—	$577.4M	—
Q1 23	$5.13	$6.63	+29.2%	—	$588.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$24.3	—	—	$2.2B	—
FY25	—	$21	—	—	$2B	—
FY24	—	$18.6	—	—	$1.8B	—
FY23	—	$27.2	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$773.8M	$871.2M	$962.7M	$1.1B	$1.1B	$1.6B	$2.1B	$1.8B	$2B	$2.2B
YoY change	+8.63%	+12.6%	+10.5%	+10.3%	+4.36%	+46.8%	+31.7%	-16.2%	+12.3%	+11.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	773.8M	871.2M	962.7M	1.1B	1.1B	1.6B	2.1B	1.8B	2B	2.2B
Cost of revenue	615.8M	690.6M	757M	831.3M	869.1M	1.2B	1.6B	1.4B	1.5B	1.7B
Gross profit	158M	180.7M	205.7M	230.5M	239M	408.7M	554.9M	426.9M	465.6M	526.9M
Gross margin	20.4%	20.7%	21.4%	21.7%	21.6%	25.1%	25.9%	23.8%	23.1%	23.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	101.2M	106.9M	121.6M	145.6M	150.2M	206.3M	258.3M	247.9M	275.3M	298.3M
Operating expenses	101.2M	106.9M	121.6M	145.6M	150.2M	206.3M	258.3M	247.9M	275.3M	298.3M
Operating income	56.8M	73.8M	84.1M	84.9M	88.8M	202.5M	296.6M	179M	190.3M	228.6M
Operating margin	7.34%	8.47%	8.74%	8%	8.02%	12.4%	13.8%	9.97%	9.44%	10.2%
Non-operating income, net	2.9M	9.1M	6M	9.6M	6.7M	6.7M	385K	849K	222K	335K
Pretax income	55.3M	78.5M	86.7M	93M	96.9M	212M	306.8M	199.2M	211.1M	244.7M
Income tax	17.3M	17M	18.1M	17.9M	20.3M	14.2M	65.9M	41.3M	40M	54.1M
Net income	38M	61.5M	68.6M	75.1M	76.6M	197.7M	240.8M	157.9M	171M	190.6M
Net margin	4.91%	7.06%	7.13%	7.07%	6.92%	12.2%	11.2%	8.8%	8.49%	8.49%
EBITDA	63.4M	86.9M	94.8M	100.3M	104M	223.7M	324.6M	219.4M	230.8M	268.3M
EPS	4.23	6.82	7.56	8.22	8.34	21.5	27.2	18.6	21	24.3
Diluted EPS	4.17	6.68	7.4	8.1	8.25	21.3	26.9	18.4	20.7	24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	452M	446.8M	420.1M	477.6M	507.5M	522M	508.4M	556.9M	556.5M	581M	550.1M	—
Cost of revenue	345.1M	343.7M	321.1M	374.2M	391.3M	392.1M	392.2M	427.4M	422.1M	445.1M	423.1M	—
Gross profit	107M	103.1M	99M	103.4M	116.1M	129.9M	116.1M	129.5M	134.4M	135.9M	127.1M	—
Gross margin	23.7%	23.1%	23.6%	21.7%	22.9%	24.9%	22.8%	23.3%	24.2%	23.4%	23.1%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	61.5M	63.3M	61.4M	64.9M	67M	66M	77.5M	69.1M	72.2M	81.4M	75.6M	—
Operating expenses	61.5M	63.3M	61.4M	64.9M	67M	66M	77.5M	69.1M	72.2M	81.4M	75.6M	—
Operating income	45.5M	39.7M	37.6M	38.6M	49.1M	64M	38.6M	60.4M	62.2M	54.6M	51.5M	—
Operating margin	10.1%	8.89%	8.95%	8.07%	9.68%	12.3%	7.6%	10.8%	11.2%	9.39%	9.36%	—
Non-operating income, net	655K	-224K	292K	-111K	258K	168K	-93K	—	142K	213K	-20K	—
Pretax income	51.7M	43.9M	42.9M	43.9M	55M	69.3M	42.9M	65.3M	67.3M	57.6M	54.6M	—
Income tax	10.1M	7.9M	9M	9.4M	11.1M	12.9M	6.6M	13.7M	14.9M	13.5M	12.1M	—
Net income	41.6M	36M	33.9M	34.4M	43.8M	56.5M	36.3M	51.6M	52.4M	44.1M	42.5M	—
Net margin	9.2%	8.05%	8.08%	7.21%	8.63%	10.8%	7.15%	9.27%	9.41%	7.58%	7.72%	—
EBITDA	56.6M	49.4M	47.9M	48.7M	59.8M	74.3M	48M	70.6M	72.7M	63.9M	61.1M	—
EPS	4.8	4.31	4.07	4.15	5.33	6.97	4.53	6.49	6.62	5.65	5.48	5.48
Diluted EPS	4.76	4.27	4.03	4.11	5.28	6.9	4.47	6.42	6.55	5.58	5.42	5.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1B	1.6B	1.1B	1.3B	2.1B	2.2B	2.8B	3.4B	4.2B	3.8B	4.4B
Enterprise value	959M	1.4B	902.5M	1.1B	1.8B	2B	2.5B	3.1B	3.9B	3.6B	4B
Shares outstanding	9M	9M	9.1M	9.1M	9.2M	9.2M	8.8M	8.5M	8.2M	7.9M	7.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	27.5	25.5	15.6	17.6	27	11.2	11.7	21.5	24.8	20	25.4
P/S	1.35	1.8	1.11	1.25	1.87	1.36	1.31	1.89	2.1	1.69	1.95
P/B	2.65	3.43	2.02	2.18	3.03	2.66	2.87	3.28	3.98	3.45	4.04
EV/EBITDA	15.1	16.5	9.52	10.9	16.9	8.76	7.84	13.9	16.9	13.3	15.7
EV/Sales	1.24	1.64	0.94	1.03	1.59	1.2	1.19	1.7	1.93	1.6	1.73
Earnings yield	3.63%	3.92%	6.43%	5.67%	3.7%	8.94%	8.57%	4.65%	4.03%	5.01%	3.93%
FCF yield	3.88%	3.23%	2.36%	6.6%	4.27%	5.68%	7.53%	6.11%	3.71%	6.1%	3.69%
PEG	—	—	—	—	—	—	—	—	—	—	-1.63

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	20.4%	20.7%	21.4%	21.7%	21.6%	25.1%	25.9%	23.8%	23.1%	23.5%	23.5%
Operating margin	7.34%	8.47%	8.74%	8%	8.02%	12.4%	13.8%	9.97%	9.44%	10.2%	9.85%
Net margin	4.91%	7.06%	7.13%	7.07%	6.92%	12.2%	11.2%	8.8%	8.49%	8.49%	7.89%
ROE	9.62%	13.5%	13%	12.4%	11.2%	23.8%	24.6%	15.3%	16.1%	17.3%	16.7%
ROA	6.25%	9.11%	9.46%	9.26%	8.05%	17.1%	18.4%	11.7%	12.2%	12.8%	9.64%
ROIC	12.6%	18.1%	18.3%	18.2%	19.1%	32.5%	32.7%	20.3%	21.4%	20.2%	20.2%
Return on tangible assets	8.49%	12.1%	12.3%	11.9%	9.92%	22.1%	23.6%	15%	15.1%	18.7%	18.7%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.54	2.37	2.66	3	2.75	2.53	2.74	3.12	3	2.46	2.23
Quick ratio	1.88	1.75	1.99	2.34	2.2	1.7	1.85	2.23	2.17	1.58	1.58
Debt / equity	0.15	0.13	0.07	0.04	0.04	0.02	0.02	0.03	0.03	0.03	0.04
Debt / assets	0.1	0.09	0.05	0.03	0.03	0.01	0.02	0.03	0.02	0.02	0.02
Net debt / EBITDA	-1.35	-1.58	-1.74	-2.3	-3.04	-1.12	-0.82	-1.53	-1.49	-0.83	-0.83
Interest coverage	13.4	18.9	26.2	63.2	132.3	303	338.1	121.8	409.3	453.3	453.3
Effective tax rate	31.3%	21.7%	20.8%	19.3%	20.9%	6.72%	21.5%	20.7%	19%	22.1%	22.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	86.2	96.5	106	116.3	120.6	177.3	242.3	211	247.1	285.8	294.9
EPS (basic)	4.23	6.82	7.56	8.22	8.34	21.5	27.2	18.6	21	24.3	24.3
EPS (diluted)	4.17	6.68	7.4	8.1	8.25	21.3	26.9	18.4	20.7	24	22.9
Book value per share	43.9	50.7	58.3	66.6	74.4	90.6	110.5	121.5	130.5	140.5	144
FCF per share	4.51	5.6	2.78	9.57	9.63	13.7	23.9	24.4	19.3	29.6	29.6
Cash per share	16	22	22	28.1	37.2	28.8	32.4	43.6	46.1	32.2	34
Capex per share	0.57	0.88	0.83	0.85	2.75	1.89	4.78	1.48	2.6	—	4.49

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.67%	0.91%	0.78%	0.73%	2.28%	1.06%	1.97%	0.7%	1.05%	—	1.57%
Capex / operating cash flow	13.6%	13.2%	15.1%	7.22%	19.3%	9.05%	14.9%	5.58%	13%	—	13.4%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$5.55	$5.43	-2.2%	—	—	—
Q4 26	$5.3	$5.42	+2.3%	—	$550.1M	—
Q2 26	$6.05	$6.55	+8.3%	—	$556.5M	—
Q1 26	$5.31	$6.42	+20.9%	—	$556.9M	—
Q4 25	$4.8	$5.4	+12.5%	—	$508.4M	—
Q3 25	$4.61	$6.9	+49.7%	—	$522M	—
Q2 25	$4.85	$5.28	+8.9%	—	$507.5M	—
Q1 25	$4.68	$4.11	-12.2%	—	$477.6M	—
Q4 24	$4.76	$4.03	-15.3%	—	$420.1M	—
Q3 24	$4.37	$4.27	-2.3%	—	$446.8M	—
Q2 24	$5.27	$4.76	-9.7%	—	$452M	—
Q1 24	$5.82	$5.29	-9.1%	—	$475.9M	—
Q4 23	$5.1	$5.39	+5.7%	—	$476.4M	—
Q3 23	$5.79	$6.66	+15.0%	—	$500.6M	—
Q2 23	$5.88	$8.25	+40.3%	—	$577.4M	—
Q1 23	$5.13	$6.63	+29.2%	—	$588.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$24.3	—	—	$2.2B	—
FY25	—	$21	—	—	$2B	—
FY24	—	$18.6	—	—	$1.8B	—
FY23	—	$27.2	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$773.8M	$871.2M	$962.7M	$1.1B	$1.1B	$1.6B	$2.1B	$1.8B	$2B	$2.2B
YoY change	+8.63%	+12.6%	+10.5%	+10.3%	+4.36%	+46.8%	+31.7%	-16.2%	+12.3%	+11.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	773.8M	871.2M	962.7M	1.1B	1.1B	1.6B	2.1B	1.8B	2B	2.2B
Cost of revenue	615.8M	690.6M	757M	831.3M	869.1M	1.2B	1.6B	1.4B	1.5B	1.7B
Gross profit	158M	180.7M	205.7M	230.5M	239M	408.7M	554.9M	426.9M	465.6M	526.9M
Gross margin	20.4%	20.7%	21.4%	21.7%	21.6%	25.1%	25.9%	23.8%	23.1%	23.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	101.2M	106.9M	121.6M	145.6M	150.2M	206.3M	258.3M	247.9M	275.3M	298.3M
Operating expenses	101.2M	106.9M	121.6M	145.6M	150.2M	206.3M	258.3M	247.9M	275.3M	298.3M
Operating income	56.8M	73.8M	84.1M	84.9M	88.8M	202.5M	296.6M	179M	190.3M	228.6M
Operating margin	7.34%	8.47%	8.74%	8%	8.02%	12.4%	13.8%	9.97%	9.44%	10.2%
Non-operating income, net	2.9M	9.1M	6M	9.6M	6.7M	6.7M	385K	849K	222K	335K
Pretax income	55.3M	78.5M	86.7M	93M	96.9M	212M	306.8M	199.2M	211.1M	244.7M
Income tax	17.3M	17M	18.1M	17.9M	20.3M	14.2M	65.9M	41.3M	40M	54.1M
Net income	38M	61.5M	68.6M	75.1M	76.6M	197.7M	240.8M	157.9M	171M	190.6M
Net margin	4.91%	7.06%	7.13%	7.07%	6.92%	12.2%	11.2%	8.8%	8.49%	8.49%
EBITDA	63.4M	86.9M	94.8M	100.3M	104M	223.7M	324.6M	219.4M	230.8M	268.3M
EPS	4.23	6.82	7.56	8.22	8.34	21.5	27.2	18.6	21	24.3
Diluted EPS	4.17	6.68	7.4	8.1	8.25	21.3	26.9	18.4	20.7	24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	452M	446.8M	420.1M	477.6M	507.5M	522M	508.4M	556.9M	556.5M	581M	550.1M	—
Cost of revenue	345.1M	343.7M	321.1M	374.2M	391.3M	392.1M	392.2M	427.4M	422.1M	445.1M	423.1M	—
Gross profit	107M	103.1M	99M	103.4M	116.1M	129.9M	116.1M	129.5M	134.4M	135.9M	127.1M	—
Gross margin	23.7%	23.1%	23.6%	21.7%	22.9%	24.9%	22.8%	23.3%	24.2%	23.4%	23.1%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	61.5M	63.3M	61.4M	64.9M	67M	66M	77.5M	69.1M	72.2M	81.4M	75.6M	—
Operating expenses	61.5M	63.3M	61.4M	64.9M	67M	66M	77.5M	69.1M	72.2M	81.4M	75.6M	—
Operating income	45.5M	39.7M	37.6M	38.6M	49.1M	64M	38.6M	60.4M	62.2M	54.6M	51.5M	—
Operating margin	10.1%	8.89%	8.95%	8.07%	9.68%	12.3%	7.6%	10.8%	11.2%	9.39%	9.36%	—
Non-operating income, net	655K	-224K	292K	-111K	258K	168K	-93K	—	142K	213K	-20K	—
Pretax income	51.7M	43.9M	42.9M	43.9M	55M	69.3M	42.9M	65.3M	67.3M	57.6M	54.6M	—
Income tax	10.1M	7.9M	9M	9.4M	11.1M	12.9M	6.6M	13.7M	14.9M	13.5M	12.1M	—
Net income	41.6M	36M	33.9M	34.4M	43.8M	56.5M	36.3M	51.6M	52.4M	44.1M	42.5M	—
Net margin	9.2%	8.05%	8.08%	7.21%	8.63%	10.8%	7.15%	9.27%	9.41%	7.58%	7.72%	—
EBITDA	56.6M	49.4M	47.9M	48.7M	59.8M	74.3M	48M	70.6M	72.7M	63.9M	61.1M	—
EPS	4.8	4.31	4.07	4.15	5.33	6.97	4.53	6.49	6.62	5.65	5.48	5.48
Diluted EPS	4.76	4.27	4.03	4.11	5.28	6.9	4.47	6.42	6.55	5.58	5.42	5.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1B	1.6B	1.1B	1.3B	2.1B	2.2B	2.8B	3.4B	4.2B	3.8B	4.4B
Enterprise value	959M	1.4B	902.5M	1.1B	1.8B	2B	2.5B	3.1B	3.9B	3.6B	4B
Shares outstanding	9M	9M	9.1M	9.1M	9.2M	9.2M	8.8M	8.5M	8.2M	7.9M	7.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	27.5	25.5	15.6	17.6	27	11.2	11.7	21.5	24.8	20	25.4
P/S	1.35	1.8	1.11	1.25	1.87	1.36	1.31	1.89	2.1	1.69	1.95
P/B	2.65	3.43	2.02	2.18	3.03	2.66	2.87	3.28	3.98	3.45	4.04
EV/EBITDA	15.1	16.5	9.52	10.9	16.9	8.76	7.84	13.9	16.9	13.3	15.7
EV/Sales	1.24	1.64	0.94	1.03	1.59	1.2	1.19	1.7	1.93	1.6	1.73
Earnings yield	3.63%	3.92%	6.43%	5.67%	3.7%	8.94%	8.57%	4.65%	4.03%	5.01%	3.93%
FCF yield	3.88%	3.23%	2.36%	6.6%	4.27%	5.68%	7.53%	6.11%	3.71%	6.1%	3.69%
PEG	—	—	—	—	—	—	—	—	—	—	-1.63

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	20.4%	20.7%	21.4%	21.7%	21.6%	25.1%	25.9%	23.8%	23.1%	23.5%	23.5%
Operating margin	7.34%	8.47%	8.74%	8%	8.02%	12.4%	13.8%	9.97%	9.44%	10.2%	9.85%
Net margin	4.91%	7.06%	7.13%	7.07%	6.92%	12.2%	11.2%	8.8%	8.49%	8.49%	7.89%
ROE	9.62%	13.5%	13%	12.4%	11.2%	23.8%	24.6%	15.3%	16.1%	17.3%	16.7%
ROA	6.25%	9.11%	9.46%	9.26%	8.05%	17.1%	18.4%	11.7%	12.2%	12.8%	9.64%
ROIC	12.6%	18.1%	18.3%	18.2%	19.1%	32.5%	32.7%	20.3%	21.4%	20.2%	20.2%
Return on tangible assets	8.49%	12.1%	12.3%	11.9%	9.92%	22.1%	23.6%	15%	15.1%	18.7%	18.7%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.54	2.37	2.66	3	2.75	2.53	2.74	3.12	3	2.46	2.23
Quick ratio	1.88	1.75	1.99	2.34	2.2	1.7	1.85	2.23	2.17	1.58	1.58
Debt / equity	0.15	0.13	0.07	0.04	0.04	0.02	0.02	0.03	0.03	0.03	0.04
Debt / assets	0.1	0.09	0.05	0.03	0.03	0.01	0.02	0.03	0.02	0.02	0.02
Net debt / EBITDA	-1.35	-1.58	-1.74	-2.3	-3.04	-1.12	-0.82	-1.53	-1.49	-0.83	-0.83
Interest coverage	13.4	18.9	26.2	63.2	132.3	303	338.1	121.8	409.3	453.3	453.3
Effective tax rate	31.3%	21.7%	20.8%	19.3%	20.9%	6.72%	21.5%	20.7%	19%	22.1%	22.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	86.2	96.5	106	116.3	120.6	177.3	242.3	211	247.1	285.8	294.9
EPS (basic)	4.23	6.82	7.56	8.22	8.34	21.5	27.2	18.6	21	24.3	24.3
EPS (diluted)	4.17	6.68	7.4	8.1	8.25	21.3	26.9	18.4	20.7	24	22.9
Book value per share	43.9	50.7	58.3	66.6	74.4	90.6	110.5	121.5	130.5	140.5	144
FCF per share	4.51	5.6	2.78	9.57	9.63	13.7	23.9	24.4	19.3	29.6	29.6
Cash per share	16	22	22	28.1	37.2	28.8	32.4	43.6	46.1	32.2	34
Capex per share	0.57	0.88	0.83	0.85	2.75	1.89	4.78	1.48	2.6	—	4.49

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.67%	0.91%	0.78%	0.73%	2.28%	1.06%	1.97%	0.7%	1.05%	—	1.57%
Capex / operating cash flow	13.6%	13.2%	15.1%	7.22%	19.3%	9.05%	14.9%	5.58%	13%	—	13.4%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$452M	$446.8M	$420.1M	$477.6M	$507.5M	$522M	$508.4M	$556.9M	$556.5M	$581M	$550.1M	—
YoY change	-21.7%	-10.8%	-11.8%	+0.36%	+12.3%	+16.8%	+21%	+16.6%	+9.67%	+11.3%	+8.22%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	143.8M	198.6M	200M	256.4M	341.8M	264.2M	286.4M	371M	376.1M	253M
Receivables	29.4M	35M	40.7M	42.8M	47.4M	96.1M	89.3M	77.1M	105.8M	108.3M
Inventory	93.9M	109.2M	116.2M	113.5M	131.2M	244M	263.1M	241.3M	252.7M	295.7M
Total current assets	356.8M	418.6M	462M	516.2M	651.8M	744.1M	804.6M	851.8M	910.2M	824.7M
Property, plant & equipment	22.8M	23.7M	20.5M	39.1M	60.9M	80.2M	87.7M	91.7M	89.4M	106.3M
Goodwill & intangibles	160M	166M	165.4M	180.4M	178.9M	258.9M	288.7M	300.3M	277.4M	473.8M
Total assets	607.3M	674.8M	725.2M	810.4M	951.8M	1.2B	1.3B	1.4B	1.4B	1.5B
Accounts payable	24M	23.8M	29.3M	29.9M	32.1M	43.1M	30.7M	33.5M	37.2M	44.2M
Short-term debt	6.4M	27.2M	20.6M	2.2M	1.9M	784K	—	—	—	—
Total current liabilities	140.2M	176.3M	174M	172.1M	237.1M	294.2M	293.4M	273.3M	303.2M	335.4M
Long-term debt	51.6M	33.8M	14.6M	23.4M	23.7M	13.2M	21.7M	35.1M	31.5M	30.7M
Total liabilities	212.9M	217.7M	195.6M	202.8M	268.2M	323.7M	330.5M	320.7M	342.1M	388M
Shareholders' equity	394.4M	457.1M	529.6M	607.6M	683.6M	831.3M	977.5M	1B	1.1B	1.1B
Total debt	58M	61M	35.2M	25.7M	25.5M	13.9M	21.7M	35.1M	31.5M	30.7M
Net debt	-74.6M	-125.8M	-152.2M	-216.1M	-296.7M	-230.2M	-249.7M	-317.5M	-324.7M	-206M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	366.4M	391.6M	369.6M	371M	380M	388.7M	378.9M	376.1M	362.4M	391.8M	241.9M	253M
Receivables	84.9M	88.6M	70.5M	77.1M	85.1M	94.3M	91.8M	105.8M	116.3M	115.7M	106M	108.3M
Inventory	254M	244.5M	236.6M	241.3M	244.8M	244M	243.3M	252.7M	258.1M	258.4M	290.5M	295.7M
Total current assets	858.7M	875.4M	833M	851.8M	877.6M	902M	878M	910.2M	915.3M	934.5M	816.8M	824.7M
Property, plant & equipment	81.7M	88.7M	91.2M	91.7M	262.5M	261.5M	261.4M	89.4M	266M	270.5M	314.9M	106.3M
Goodwill & intangibles	289.8M	290M	298.7M	300.3M	299.6M	298.8M	298.1M	277.4M	276.7M	275.9M	473M	473.8M
Total assets	1.4B	1.4B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B
Accounts payable	28.6M	41.1M	23.9M	33.5M	31.4M	39.3M	26.1M	37.2M	42.1M	44.1M	35M	44.2M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	293.4M	305.5M	271.2M	273.3M	296M	311.5M	285.2M	303.2M	317.3M	318.1M	328.7M	335.4M
Long-term debt	22.1M	30.5M	33.3M	35.1M	33.9M	32.5M	31.5M	31.5M	30.2M	30.4M	34.1M	30.7M
Total liabilities	329.1M	349.5M	317.9M	320.7M	342.1M	356.2M	328.5M	342.1M	354.8M	362.9M	383M	388M
Shareholders' equity	1B	1B	1B	1B	1B	1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Total debt	22.1M	30.5M	33.3M	35.1M	33.9M	32.5M	31.5M	31.5M	30.2M	30.4M	34.1M	30.7M
Net debt	-330.1M	-346.7M	-319.5M	-317.5M	-325.4M	-331.6M	-331.4M	-324.7M	-314.4M	-344.6M	-190.6M	-206M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	38M	61.5M	68.6M	75.1M	76.6M	197.7M	240.8M	157.9M	171M	190.6M
Depreciation & amortization	3.7M	4M	4.7M	5.8M	6.3M	11M	16.9M	18.5M	19.3M	23M
Stock-based compensation	2.1M	2.3M	3.4M	3.9M	4.4M	5.1M	6.3M	6.8M	8.7M	12.8M
Change in working capital	-1.5M	-8.4M	-39.3M	11.3M	-29.1M	-130.7M	-96.3M	-77.1M	-220.2M	-200.9M
Operating cash flow	37.7M	59.8M	49.8M	108.1M	130.8M	191.4M	284.5M	226.3M	163M	267.5M
Capital expenditure	-5.2M	-7.9M	-7.5M	-7.8M	-25.3M	-17.3M	-42.3M	-12.6M	-21.2M	—
Investing cash flow	-7.1M	-4.7M	-5.8M	-25.2M	-23.3M	-159.1M	-129.3M	-31.7M	-24M	-187.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	0	0	-1.4M	-59.6M	-103.4M	-109.3M	-148.7M	-159.9M
Financing cash flow	-1.6M	1M	-26.3M	-19.7M	-9.7M	-69.5M	-105.9M	-112.2M	-152.4M	-165M
Net change in cash	29.1M	56.1M	17.7M	63.2M	97.8M	-37.2M	49.3M	82.3M	-13.4M	-84.8M
Free cash flow	40.5M	50.6M	25.2M	87.4M	88.5M	125.6M	211.6M	207.3M	157.1M	232.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	46.4M	41.6M	36M	33.9M	34.4M	43.8M	56.5M	36.3M	51.6M	52.4M	44.1M	42.5M
Depreciation & amortization	4.6M	4.7M	4.6M	4.7M	4.8M	4.8M	4.8M	5M	5.2M	5.3M	6.2M	6.4M
Stock-based compensation	1.4M	1.6M	1.7M	2.1M	2.2M	2.7M	1.7M	2M	3.6M	3.5M	3.2M	2.5M
Change in working capital	-12.8M	-9.2M	-15.8M	-39.2M	-15.3M	-42.3M	-70.8M	-70.9M	-60M	-53.4M	-24.3M	-63.2M
Operating cash flow	70.1M	76.7M	55.3M	24.2M	41.8M	61.2M	34.7M	25.3M	49M	78.5M	66.1M	67.4M
Capital expenditure	251K	-4.2M	-4.7M	-3.9M	-5M	-4.8M	-5.4M	-6.1M	-9.1M	—	—	—
Investing cash flow	2.1M	-7.2M	-20.1M	-5.2M	-5.3M	-5.7M	-2.9M	-10M	-7.7M	-2.7M	113K	-14.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-40.9M	-55.9M	-12.5M	-29.5M	-42.8M	-42.2M	-34.2M	-50M	-36.1M	-43.8M	-30M
Financing cash flow	-1.6M	-41.5M	-56.4M	-12.7M	-31.9M	-43.5M	-42.8M	-34.3M	-54.8M	-36.4M	-43.9M	-30M
Net change in cash	70.5M	28M	-21.2M	6.3M	4.6M	12M	-11M	-18.9M	-13.5M	39.4M	22.3M	22.8M
Free cash flow	78.1M	73.6M	41.1M	14.4M	42.4M	49.8M	32.3M	32.5M	46.4M	68.7M	57.6M	59.3M

Cavco Industries Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Cavco Industries Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement