Cavco Industries, Inc. (CVCO)

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments: Factory-Built Housing and Financial Services. The company produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. It also produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. In addition, the company provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Further, it offers property and casualty insurance to owners of manufactured housing industry. The company distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers. The company was founded in 1965 and is headquartered in Phoenix, Arizona.

Ticker
CVCO
Exchange
Nasdaq
Sector
Consumer Cyclical
Industry
Residential Construction
Market cap
$4.89B
52-week range
$443.34 - $713.01

Valuation

Share price
$638.55 (close of Nov 6, 2026)
P/E (TTM)
26.77x
Price to book
4.30x
Price to free cash flow
21.03x
Enterprise value
$4.64B
Book value per share
$148.40

Price performance

PeriodChange
1 day-0.84%
5 days+3.16%
1 month+11.48%
3 months+10.44%
6 months+27.68%
Year to date+8.09%
1 year+11.27%
3 years+146.43%
5 years+139.06%
10 years+605.58%
All time+6,285.50%

Short interest

As of
Oct 15, 2026
Short % of float
6.66%
Shares short
416.31K
Days to cover
3.68
Change since prior report
+21.46%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
17.27%
Return on invested capital
15.38%
Return on assets
12.78%
Return on capital employed
19.78%
Gross margin
23.47%
Net margin
8.49%
EBITDA margin
11.21%
Revenue growth
11.36%
Net income growth
11.41%
Free cash flow growth
47.76%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.75%
Current ratio
2.10x
Net debt to EBITDA
-0.97x

Latest reported year

Period end
Mar 28, 2026
Fiscal year
2026
Revenue
$2.24B
Cost of revenue
$1.72B
Gross profit
$526.89M
EBITDA
$251.61M
Net income
$190.55M
Earnings per share
$24.26
Interest expense
$541.00K
Shares outstanding
7.85M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-03-28$2.24B$526.89M$190.55M$24.26
2025-03-29$2.02B$465.59M$171.04M$20.97
2024-03-30$1.79B$426.90M$157.82M$18.55
2023-04-01$2.14B$554.93M$240.55M$27.20
2022-04-02$1.63B$408.75M$197.70M$21.54
2021-04-03$1.11B$238.98M$76.65M$8.34
2020-03-28$1.06B$230.52M$75.07M$8.22
2019-03-30$962.75M$205.71M$68.62M$7.56
2018-03-31$871.24M$180.68M$61.50M$6.82
2017-04-01$773.80M$158.04M$37.95M$4.23

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-03-2823.47%8.49%17.27%15.38%
2025-03-2923.10%8.49%16.07%13.71%
2024-03-3023.79%8.79%15.27%12.89%
2023-04-0125.90%11.23%24.64%23.12%
2022-04-0225.12%12.15%23.81%21.94%
2021-04-0321.57%6.92%11.21%9.72%
2020-03-2821.71%7.07%12.35%10.58%
2019-03-3021.37%7.13%12.96%12.22%
2018-03-3120.74%7.06%13.45%12.10%
2017-04-0120.42%4.91%9.62%9.92%

Cash and debt by year

Period endCashDebt
2026-03-28$252.95M-
2025-03-29$376.07M-
2024-03-30$370.96M-
2023-04-01$286.40M-
2022-04-02$264.24M$2.93M
2021-04-03$341.77M$3.67M
2020-03-28$256.41M$10.47M
2019-03-30$199.99M$11.29M
2018-03-31$198.63M$11.77M
2017-04-01$143.83M$3.52M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-03-28$232.09M$12.78M
2025-03-29$157.07M$8.68M
2024-03-30$207.26M$6.76M
2023-04-01$211.59M$6.26M
2022-04-02$125.57M$5.06M
2021-04-03$88.49M$4.39M
2020-03-28$87.40M$3.88M
2019-03-30$25.20M$3.37M
2018-03-31$50.58M$2.32M
2017-04-01$40.50M$2.13M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-29Sep 2026$5.42
2026-07-30Jun 2026-
2026-05-21Mar 2026$5.30
2026-01-29Dec 2025$6.00
2025-10-30Sep 2025$6.30
2025-07-31Jun 2025$5.81
2025-05-22Mar 2025$5.23
2025-01-30Dec 2024$4.12

Filings and sources

Company website
cavcohomes.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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