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.
- Symbol
- CVCO
- Exchange
- Nasdaq
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- Market cap
- $4.18B
- 52 week range
- 443.34 - 713.01
Valuation
- Share price
- $548.46 (close of 2026-09-23)
- P/E (TTM)
- 23.30x
- Price to book
- 3.76x
- Price to free cash flow
- 17.80x
- Enterprise value
- $3.96B
- Book value per share
- $144.03
Price performance
| Period | Change |
|---|
| 1 day | +0.93% |
| 5 days | +2.31% |
| 1 month | -5.85% |
| 3 months | -6.25% |
| 6 months | +15.71% |
| Year to date | -7.16% |
| 1 year | -4.18% |
| 3 years | +108.19% |
| 5 years | +121.79% |
| 10 years | +478.97% |
| All time | +5384.60% |
Profitability and growth
- Return on equity
- 17.27%
- Return on invested capital
- 19.80%
- 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)
- 5.62%
- Current ratio
- 2.23x
- Net debt to EBITDA
- -0.86x
Latest reported year
- Period end
- 2026-03-28
- 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
- Shares outstanding
- 7.85M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 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 end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-03-28 | 23.47% | 8.49% | 17.27% | 19.80% |
| 2025-03-29 | 23.10% | 8.49% | 16.07% | 20.87% |
| 2024-03-30 | 23.79% | 8.79% | 15.27% | 19.74% |
| 2023-04-01 | 25.90% | 11.23% | 24.64% | 32.42% |
| 2022-04-02 | 25.12% | 12.15% | 23.81% | 31.71% |
| 2021-04-03 | 21.57% | 6.92% | 11.21% | 18.87% |
| 2020-03-28 | 21.71% | 7.07% | 12.35% | 17.77% |
| 2019-03-30 | 21.37% | 7.13% | 12.96% | 19.39% |
| 2018-03-31 | 20.74% | 7.06% | 13.45% | 21.00% |
| 2017-04-01 | 20.42% | 4.91% | 9.62% | 15.54% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 end | Free cash flow | Stock-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
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $5.60
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | - |
| 2026-05-21 | - | - |
| 2026-01-29 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-05-22 | - | - |
| 2025-01-30 | - | - |
| 2024-10-31 | - | - |
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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