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Cavco Industries, Inc.

CVCO Consumer Cyclical Residential Construction

Cavco Industries, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.2 billion, up 11.4% from fiscal 2025.

Revenue
+17.9%
EPS
+9.06%
Free cash flow
−3.01%

Quarter to September 2026, against a year earlier

644.65 34.08 −5.02%
Market cap
$4.9B
P/E
27.1×
Fwd P/E
27.5×
Dividend yield
—
F-score
8/9
Altman Z
9.59
Beneish M
−2.56
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.87
Sold, $m 3.02
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 3 — — — — — — — — —
Sell — — — — — 3 3 1 1 — — 2
Insider Ownership 2.72%

Capital & Financial Ratios $m

Size
Market Cap 4,910.00
Revenue ttm 2,397.46
Net income ttm 184.24
Free cash flow ttm 232.84
Net debt Q (314.46)
Valuation
P/E 27.05
Forward P/E 27.50
Price / sales 2.06
Forward P/S Powerpack
Price / FCF 21.26
Price / book 4.35
Financial health
Current ratio Q 2.10 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 247.88
Growth
Revenue growth Q +17.94% (above 0%: growing)
Operating income growth Q +12.42% (above 0%: growing)
EPS, this year +3.25%
EPS, next year A +18.51% (at or above 15%: strong)
Revenue, next year A +9.16%
EPS, past 5 yrs +23.79% (at or above 15%: strong)
EPS, next 5 yrs A +14.08%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 1.5×; over the ten years it ranged from 0.7× in 2022 to 2.4× in 2018.
P/E against its own 10 years 75.91%
10-year low 10-year high
P/S against its own 10 years 88.74%
10-year low 10-year high
P/B against its own 10 years 97.36%
10-year low 10-year high
EV/Sales against its own 10 years 91.31%
10-year low 10-year high
EV/FCF against its own 10 years 52.48%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 386 395 273 314
Receivables 77 106 108 139
Inventory 241 253 296 311
Other — — — —
852 910 825 882
2024 2025 2026 Q'26
Payables 34 37 44 68
ST’ Debt — — — —
Other — — — —
273 303 335 420

Compound Annual Growth %

10y 5y 3y
Sales 12.16% 15.16% 1.56%
Cash Flow 19.91% 18.59% 1.51%
Earnings 20.91% 19.98% (7.47%)
Book Value 12.06% 10.04% 4.16%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 5.42 Actual 7.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 6.30 6.55 Beat by 0.25
Q3 FY26 6.00 5.58 Miss by 0.42
Q4 FY26 5.30 5.42 Beat by 0.12
Q2 FY27 5.42 7.17 Beat by 1.75
Q3 FY27 6.02 — Reports 4 February 2027

EPS $

Jun Sep Dec Mar Year
’26 5.43 7.17 — — —
’26 6.42 6.55 5.58 5.42 23.98
’25 4.11 5.28 6.90 4.47 20.71
’24 5.29 4.76 4.27 4.03 18.37
’23 6.63 8.25 6.66 5.39 26.95
’22 2.92 4.06 8.57 5.80 21.34
’21 1.80 1.62 2.12 2.71 8.25
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 610 656 — — —
’26 557 557 581 550 2,245
’25 478 507 522 508 2,015
’24 476 452 447 420 1,795
’23 588 577 501 476 2,143
’22 330 360 432 505 1,627
’21 255 258 289 307 1,108
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 74 96 — — —
’26 56 78 66 67 267
’25 47 55 38 39 178
’24 82 78 46 19 225
’23 58 105 67 26 256
’22 24 56 46 18 144
’21 36 39 17 22 114
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 49 67 — — —
’26 46 69 58 59 232
’25 42 50 32 32 157
’24 83 74 41 15 212
’23 34 97 60 24 213
’22 22 54 43 9 127
’21 34 37 15 3 89
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 774 871 963 1,062 1,108 1,627 2,143 1,795 2,015 2,245 2,397 +12.6% 2,450 2,640 2,829 +8.0%
Gross margin, % 20.42 20.74 21.37 21.71 21.57 25.12 25.90 23.79 23.10 23.47 22.74 +3.1 pt
EBT 55 79 87 93 97 212 307 199 211 245 241 +18.0%
EBT margin, % 7.14 9.01 9.00 8.76 8.75 13.03 14.32 11.10 10.47 10.90 10.06 +3.8 pt
Net income 38 62 69 75 77 198 241 158 171 191 184 +19.6%
Per share, $
Per share, $ Revenue 86.21 96.55 106.02 116.30 120.58 177.27 242.28 210.98 247.05 285.82 312.21 +14.2%
Earnings 4.23 6.82 7.56 8.22 8.34 21.54 27.20 18.55 20.97 24.26 23.83 +21.4%
Cash flow 5.10 6.53 3.62 11.14 12.41 15.71 28.91 26.41 21.88 34.06 39.63 +23.5%
Capex (0.57) (0.88) (0.83) (0.85) (2.75) (1.89) (4.78) (1.48) (2.60) (4.48) (9.31) +25.7%
Free cash flow 4.53 5.66 2.79 10.29 9.66 13.83 24.13 24.93 19.28 29.58 30.32 +23.2%
Book value 43.94 50.65 58.32 66.55 74.40 90.47 110.39 121.48 130.50 140.48 148.07 +13.8%
Shares, m 9 9 9 9 9 9 9 9 8 8 8 (1.5%)
Valuation, ×
Valuation, × P/E 27.52 25.09 15.82 17.61 27.05 11.18 11.70 21.01 24.77 19.98 27.05 20.2
P/S 1.35 1.77 1.13 1.25 1.87 1.36 1.31 1.85 2.10 1.69 2.06 1.6
P/B 2.65 3.37 2.05 2.18 3.03 2.66 2.88 3.20 3.98 3.45 4.35 2.9
EV/Sales 1.22 1.60 0.94 1.01 1.56 1.19 1.18 1.64 1.91 1.58 1.94 1.4
EV/FCF 23.31 27.26 35.91 11.37 19.46 15.32 11.83 13.85 24.52 15.25 19.96 19.8
Cash, $m
Cash, $m Operating cash flow 46 59 33 102 114 144 256 225 178 267 304 +21.7%
Capex (5) (8) (8) (8) (25) (17) (42) (13) (21) (35) (72) +23.8%
Free cash flow 41 51 25 94 89 127 213 212 157 232 233 +21.4%
Balance, $m
Balance, $m Working capital 217 242 288 344 415 450 511 579 607 489 462 +9.5%
Net debt (97) (150) (178) (255) (346) (279) (298) (386) (395) (273) (314) +12.1%
Shareholders’ equity 394 457 530 608 684 830 976 1,033 1,065 1,103 1,137 +12.1%
Returns, %
Returns, % ROA 6.54 9.59 9.80 9.78 8.70 18.77 19.53 11.86 12.39 13.15 12.04 +6.6 pt
ROIC 11.95 15.02 14.96 15.05 16.46 22.95 27.34 17.29 17.75 17.21 17.38 +5.3 pt
ROE 10.15 14.45 13.91 13.20 11.87 26.11 26.63 15.71 16.30 17.58 16.57 +7.4 pt
People
People Employees 4,300 4,500 4,650 5,000 4,700 6,300 7,000 6,500 7,000 7,700 — +6.7%
Revenue/emp, $m 0.18 0.19 0.21 0.21 0.24 0.26 0.31 0.28 0.29 0.29 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Cavco Industries, Inc. vs peers in Residential Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NVR NVR, Inc. $17.1B 16.9× 17.6× −7.94% (below 0%: shrinking) −21.61% (below 0%: shrinking) −52.66% (below 0%: shrinking) 0.00% 0.00% Compare
TOL Toll Brothers Inc. $14.3B 12.4× 11.5× −9.72% (below 0%: shrinking) −20.74% (below 0%: shrinking) −36.31% (below 0%: shrinking) 23.52% 13.51% Compare
IBP Installed Building Products, Inc. $5.9B 25.1× 24.3× +3.88% (above 0%: growing) −18.18% (below 0%: shrinking) −43.98% (below 0%: shrinking) 31.84% 11.34% Compare
SKY Champion Homes, Inc. $5.1B 27.2× 24.4× +6.22% (above 0%: growing) −1.22% (below 0%: shrinking) −57.16% (below 0%: shrinking) 25.53% 9.05% Compare
CVCO Cavco Industries, Inc. $4.9B 27.1× 27.5× +17.94% (above 0%: growing) +9.06% (above 0%: growing) −3.01% (below 0%: shrinking) 22.49% 10.65%
MTH Meritage Homes Corporation $4.6B 15.9× 14.9× −17.41% (below 0%: shrinking) −25.71% (below 0%: shrinking) +66.18% (above 0%: growing) 17.88% 6.79% Compare
MHO M/I Homes, Inc. $3.4B 12.5× 12.0× −4.92% (below 0%: shrinking) −34.66% (below 0%: shrinking) −139.62% (below 0%: shrinking) 20.86% 7.74% Compare
KBH KB Home $3.2B 14.4× 14.9× −19.96% (below 0%: shrinking) −35.34% (below 0%: shrinking) −178.04% (below 0%: shrinking) 16.85% 5.54% Compare
GRBK Green Brick Partners, Inc. $2.8B 10.6× 10.6× −8.82% (below 0%: shrinking) −23.16% (below 0%: shrinking) −346.83% (below 0%: shrinking) 29.84% 17.05% Compare
Median of peers $4.8B 15.1× 14.9× −8.38% −22.38% −54.91% 22.19% 8.40%

All 19 Residential Construction stocks →

Pay and ownership Proxy statement filed 16 June 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 7.96m 4.05m 201.00
2025 7.64m 14.98m 221.00
2024 4.51m 6.13m 172.00
2023 5.41m 7.97m 137.00
2022 4.72m 4.52m 105.00

Ownership

Directors and executive officers, together 1.70%
BlackRock, Inc.50 Hudson YardsNew York, NY 16.70%
Capital World Investors333 S. Hope St., 8.30%
Vanguard Capital Management100 Vanguard Blvd.Malvern, PA 5.30%
State Street CorporationOne Congress, Suite 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cavco Industries, Inc. (CVCO) Latest News

31 Oct

Impact 3 · · The Motley Fool

30 Oct

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · TIKR

29 Oct

Impact 3 · · Associated Press
Impact 3 · · GlobeNewswire earnings
Impact 3 · · Insider Monkey

22 Oct

Impact 3 · · GlobeNewswire

19 Oct

Impact 4 · · Trefis

18 Oct

Impact 3 · · Simply Wall St.

3 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 3 ·

17 Sep

Impact 4 ·

9 Sep

Impact 4 ·

7 Aug

Impact 3 · · The Motley Fool transcript

31 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

30 Jul

Impact 3 ·

23 Jul

Impact 3 ·

1 Jun

Impact 3 · · GlobeNewswire

22 May

Impact 4 · · MarketBeat transcript
Impact 3 · · GuruFocus.com transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby transcript

21 May

Impact 3 · · GlobeNewswire

20 May

Impact 4 · · GlobeNewswire

20 Mar

Impact 4 · · The Motley Fool

25 Feb

Impact 3 · · Simply Wall St.

13 Feb

Impact 3 · · The Motley Fool

CVCO metrics, ten years each

stockrow.com/CVCO · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com