Cavco Industries, Inc. CVCO R2K

Consumer Cyclical · Residential Construction · United States

https://www.cavcohomes.com

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.

Market & Price

Market Cap

$4.12B

Current Price

$536.52

High / Low (52W)

$697.76 / $396.53

Beta

1.31

Valuation

Stock P/E

22.37

Industry PE

22.37

Forward P/E

17.88

PEG Ratio

45.77

Book Value

$142.55

Price to Book

3.76

P/S

1.84

EV/EBITDA

15.55

Dividend Yield

Profitability & Returns

ROCE

21.22%

ROE

17.58%

ROA

9.86%

Profit Margin

8.49%

Op Margin

8.63%

EPS (Latest Qtr)

$5.58

EPS (TTM)

$23.98

Balance Sheet & Liquidity

Debt/Equity

3.88

Quick Ratio

1.13

Current Ratio

2.46

Debt

$42.79M

Total Assets

$1.49B

Current Assets

$824.73M

Working Capital

$489.33M

Ownership

Promoter Holding

1.56%

Chg in Prom Hold

FII / Inst Holding

105.86%

Chg in FII Hold

0.01%

Financial Snapshot

Enterprise Value

$3.91B

Total Revenue (TTM)

$2.24B

EBITDA

$251.61M

Free Cash Flow

$138.81M

Operating Cash Flow

$267.49M

Shares Outstanding

7.68M

Gross Margin

22.26%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

1.56%

Profit 5Y

-7.47%

Revenue (YoY)

8.20%

Earnings (YoY)

21.10%

PROS

Healthy ROCE of 21.2%.
Generates positive free cash flow.

CONS

Earnings shrank at -7.5% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	CVCO Cavco Industries, Inc. R2K	536.52	22.37	$4.12B	-	21.22%	17.58%	1.56%	-7.47%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Apr 2016	Jul 2016	Oct 2016	Dec 2016	Apr 2017	Jul 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Apr 2021	Jul 2021	Oct 2021	Jan 2022	Jul 2022	Oct 2022	Dec 2022	Jul 2023	Sep 2023	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475.88M	452.03M	446.77M	477.60M	-	-	508.36M	556.86M	556.53M	580.99M	550.13M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	392.24M	427.35M	422.12M	445.07M	423.07M
Gross Profit	39.55M	36.39M	36.67M	33.25M	39.11M	43.54M	42.13M	41.97M	34.55M	49.86M	54.30M	51.48M	49.42M	49.02M	55.79M	60.30M	58.47M	59.85M	51.90M	55.32M	53.54M	59.24M	70.88M	74.01M	89.93M	115.21M	144.72M	157.60M	131.97M	117.88M	106.96M	103.05M	103.40M	-	-	116.12M	129.51M	134.41M	135.92M	127.05M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77.49M	69.15M	72.23M	81.36M	75.58M
Operating Income	12.98M	12.66M	-	8.56M	13.68M	17.54M	-	15.66M	8.40M	23.81M	-	22.26M	19.38M	18.19M	-	25.03M	22.38M	23.01M	-	20.00M	18.09M	23.82M	-	33.18M	44.56M	54.89M	78.59M	90.70M	73.06M	56.20M	45.45M	39.74M	38.55M	-	-	38.63M	60.36M	62.18M	54.56M	51.47M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48.02M	70.63M	72.70M	63.89M	61.06M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147.00K	164.00K	112.00K	131.00K	134.00K
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42.92M	65.30M	67.25M	57.60M	54.55M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.59M	13.65M	14.87M	13.53M	12.09M
Net Income	8.07M	8.10M	6.99M	5.44M	9.34M	12.28M	10.89M	11.75M	6.18M	21.43M	22.14M	19.69M	15.58M	13.38M	19.97M	21.28M	20.89M	20.90M	-	16.67M	15.05M	19.70M	-	27.05M	37.61M	79.42M	59.60M	74.12M	59.52M	46.36M	41.54M	35.99M	34.43M	-	-	36.33M	51.64M	52.38M	44.07M	42.46M
Diluted EPS	0.89	0.89	0.77	0.60	1.03	1.35	1.19	1.28	0.67	2.33	2.40	2.12	1.67	1.44	2.17	2.31	2.25	2.25	1.29	1.80	1.62	2.12	2.71	2.92	4.06	8.57	6.63	8.25	6.66	5.29	4.76	4.27	4.11	-	6.90	4.47	6.42	6.55	5.58	-

Profit & Loss (Annual)

Figures in USD.

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Apr 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Mar 2022	Apr 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	1.63B	1.63B	2.14B	2.14B	1.79B	2.02B	2.24B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	1.22B	-	1.59B	-	1.37B	1.55B	1.72B
Gross Profit	10.70M	24.28M	95.94M	100.36M	119.48M	126.14M	144.44M	158.04M	180.68M	205.71M	230.52M	238.98M	408.75M	408.75M	554.93M	554.93M	426.90M	465.59M	526.89M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	206.25M	-	258.32M	-	247.92M	275.31M	298.32M
Operating Income	-6.02M	2.93M	16.14M	21.04M	31.55M	38.48M	46.34M	56.81M	73.77M	84.14M	84.91M	88.83M	202.50M	202.50M	296.61M	296.61M	178.98M	190.28M	228.57M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	223.71M	-	324.58M	-	219.35M	230.85M	268.28M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	702.00K	-	910.00K	-	1.65M	517.00K	541.00K
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	211.99M	-	306.76M	-	199.18M	211.07M	244.70M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	14.25M	-	65.92M	-	41.27M	40.03M	54.15M
Net Income	-3.37M	2.83M	15.24M	4.96M	16.24M	23.82M	28.54M	37.95M	61.50M	68.62M	75.07M	76.65M	197.70M	197.70M	240.55M	240.55M	157.82M	171.04M	190.55M
Diluted EPS	-0.52	0.41	2.19	0.71	1.94	2.64	3.15	4.17	6.68	7.40	8.10	8.25	21.34	21.34	26.95	26.95	18.37	20.71	23.98

Compounded Sales Growth

5 Years:	1.56%
1 Year:	8.20%

Compounded Profit Growth

5 Years:	-7.47%
1 Year:	21.10%

Stock Price Performance

1 Year:	+23.74%
6 Months:	-10.09%
3 Months:	-7.06%
1 Month:	+7.67%

Balance Sheet (Annual)

Figures in USD.

Metric	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Apr 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Mar 2022	Apr 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	-	269.72M	437.33M	444.50M	469.24M	502.58M	553.84M	607.32M	674.78M	725.22M	810.43M	951.83M	-	1.15B	1.31B	1.31B	1.35B	1.41B	1.49B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	804.58M	-	851.80M	910.19M	824.73M
Cash & Equivalents	70.56M	74.99M	76.51M	41.09M	47.82M	72.95M	96.60M	97.77M	132.54M	186.77M	187.37M	241.83M	322.28M	-	244.15M	271.43M	271.43M	352.69M	356.23M	236.72M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263.15M	-	241.34M	252.69M	295.67M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89.35M	-	77.12M	105.85M	108.29M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	330.47M	-	320.75M	342.06M	387.96M
Current Liabilities	-	-	65.74M	85.50M	87.00M	98.99M	101.47M	125.09M	140.22M	176.33M	174.01M	172.10M	237.10M	-	294.17M	293.39M	293.39M	273.27M	303.17M	335.40M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	10.84M	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21.68M	-	35.15M	31.54M	30.75M
Total Equity	148.04M	145.78M	150.67M	168.34M	176.89M	290.43M	320.15M	353.23M	394.41M	457.11M	529.59M	607.59M	683.64M	-	830.46M	976.29M	976.29M	1.03B	1.06B	1.10B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.34M	-	9.39M	9.44M	9.47M

Cash Flows (Annual)

Figures in USD.

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Apr 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Mar 2022	Apr 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-9.55M	3.14M	16.43M	20.72M	46.76M	25.70M	43.54M	45.79M	58.97M	32.84M	101.74M	114.03M	-	144.22M	255.69M	255.69M	224.68M	178.50M	267.49M
Investing Cash Flow	-21.71M	-39.01M	-23.07M	-2.14M	-9.66M	-2.10M	-38.23M	-7.06M	-4.67M	-5.82M	-25.24M	-23.35M	-	-159.10M	-129.34M	-129.34M	-31.71M	-23.95M	-222.44M
Financing Cash Flow	35.70M	37.39M	-28.77M	-11.85M	-11.97M	49.00K	-4.15M	-2.96M	124.00K	-26.41M	-20.76M	-6.98M	-	-65.09M	-102.20M	-102.20M	-107.71M	-147.95M	-162.79M
Capital Expenditure	-391.00K	-959.00K	-2.43M	-755.00K	-2.27M	-2.21M	-3.52M	-5.29M	-8.39M	-7.64M	-14.34M	-25.54M	-	-18.65M	-44.11M	-44.11M	-17.42M	-21.43M	-35.41M
Free Cash Flow	-9.94M	2.18M	14.00M	19.96M	44.49M	23.49M	40.02M	40.50M	50.58M	25.20M	87.40M	88.49M	-	125.57M	211.59M	211.59M	207.26M	157.07M	232.09M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24.16M	-	85.26M	6.59M	-117.73M
Share Buybacks	-	-	-	-	-	-	-	-	-	0	0	1.44M	-	59.60M	-	103.41M	109.31M	148.68M	159.89M

Ratios (Annual)

Figures in %.

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Apr 2016	Apr 2017	Mar 2018	Mar 2019	Mar 2020	Apr 2021	Mar 2022	Apr 2022	Mar 2023	Apr 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	25.1%	25.1%	25.9%	25.9%	23.8%	23.1%	23.5%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	12.4%	12.4%	13.8%	13.8%	10.0%	9.4%	10.2%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	12.1%	12.1%	11.2%	11.2%	8.8%	8.5%	8.5%
ROE %	-2.3%	1.9%	9.1%	2.8%	5.6%	7.4%	8.1%	9.6%	13.5%	13.0%	12.4%	11.2%	-	23.8%	24.6%	24.6%	15.3%	16.1%	17.3%
ROCE %	-	1.4%	4.6%	5.9%	8.5%	9.6%	10.8%	12.2%	14.8%	15.3%	13.3%	12.4%	-	23.5%	29.2%	29.2%	16.6%	17.2%	19.8%

Shareholding Pattern

Insiders

1.56%

Institutions

105.86%

Public Float

107.53%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	15.59%	1.20M	$642.92M
2	Capital World Investors	8.02%	616.58K	$330.81M
3	State Street Corporation	5.23%	401.90K	$215.63M
4	Vanguard Capital Management LLC	4.53%	348.12K	$186.77M
5	Vanguard Portfolio Management LLC	4.13%	317.72K	$170.46M
6	Boston Partners	3.90%	299.66K	$160.77M
7	Fiduciary Management, Inc.	3.48%	267.51K	$143.53M
8	Geode Capital Management, LLC	3.13%	240.67K	$129.13M
9	Dimensional Fund Advisors LP	2.62%	200.95K	$107.81M
10	Invesco Ltd.	2.37%	181.78K	$97.53M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for CVCO

No recent headlines available.

CVCO · Consumer Cyclical