Friday 6 November 2026
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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%
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| Mar '17 | Mar '18 | Mar '19 | Mar '20 | Mar '21 | Mar '22 | Mar '23 | Mar '24 | Mar '25 | Mar '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 6 | 7 | 7 | 4 | 7 | 9 | 6 | 7 | 8 |
P/E ratio |
27.52 | 25.09 | 15.82 | 17.61 | 27.05 | 11.18 | 11.70 | 21.01 | 24.77 | 19.98 |
Altman Z-Score |
5.30 | 6.84 | 6.00 | 6.69 | 7.27 | 7.30 | 8.87 | 9.69 | 11.03 | 9.59 |
P/S ratio |
1.35 | 1.77 | 1.13 | 1.25 | 1.87 | 1.36 | 1.31 | 1.85 | 2.10 | 1.69 |
Altman Z″-Score (non-manufacturers) |
5.71 | 6.31 | 7.49 | 8.06 | 7.64 | 8.20 | 9.34 | 9.55 | 9.78 | 9.20 |
P/FCF ratio |
25.71 | 30.20 | 42.94 | 14.09 | 23.36 | 17.42 | 13.17 | 15.62 | 26.96 | 16.37 |
Beneish M-Score |
(2.55) | (2.33) | (2.11) | (2.58) | (2.68) | (1.56) | (2.51) | (2.79) | (2.23) | (2.56) |
P/Operating CF |
61.49 | 34.14 | 65.99 | 39.60 | 92.28 | 121.09 | 109.88 | 178.25 | 109.69 | 56.45 |
P/B ratio |
2.65 | 3.37 | 2.05 | 2.18 | 3.03 | 2.66 | 2.88 | 3.20 | 3.98 | 3.45 |
Price to Tangible BV |
3.32 | 4.12 | 2.43 | 2.56 | 3.49 | 3.15 | 3.38 | 3.75 | 4.58 | 4.39 |
EV/Sales |
1.22 | 1.60 | 0.94 | 1.01 | 1.56 | 1.19 | 1.18 | 1.64 | 1.91 | 1.58 |
EV/EBITDA |
15.66 | 17.89 | 10.24 | 11.78 | 18.15 | 9.10 | 8.05 | 14.87 | 18.40 | 14.08 |
EV/Operating CF |
20.69 | 23.60 | 27.70 | 10.50 | 15.14 | 13.48 | 9.87 | 13.07 | 21.60 | 13.24 |
EV/FCF |
23.31 | 27.26 | 35.91 | 11.37 | 19.46 | 15.32 | 11.83 | 13.85 | 24.52 | 15.25 |
Quick Ratio |
1.32 | 1.39 | 1.45 | 1.82 | 1.71 | 1.28 | 1.32 | 1.70 | 1.65 | 1.14 |
Current Ratio |
2.54 | 2.37 | 2.66 | 3.00 | 2.75 | 2.53 | 2.74 | 3.12 | 3.00 | 2.46 |
Net Debt/EBITDA |
(1.61) | (1.93) | (2.00) | (2.81) | (3.64) | (1.31) | (0.95) | (1.96) | (1.88) | (1.09) |
Debt/Assets |
9.55% | 8.86% | 4.71% | 1.85% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.15 | 0.13 | 0.06 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
1.33 | 1.36 | 1.38 | 1.38 | 1.26 | 1.54 | 1.74 | 1.35 | 1.46 | 1.55 |
Operating CF/Net income |
1.21 | 0.96 | 0.48 | 1.36 | 1.49 | 0.73 | 1.06 | 1.42 | 1.04 | 1.40 |
Capex/Depreciation |
(1.40) | (1.97) | (1.60) | (1.35) | (4.00) | (1.57) | (2.50) | (0.68) | (1.10) | (1.53) |
Interest Coverage |
12.79 | 16.78 | 24.43 | 56.79 | 120.36 | 288.46 | 325.94 | 108.54 | 368.04 | 422.49 |
| 10.15% | 14.45% | 13.91% | 13.20% | 11.87% | 26.11% | 26.63% | 15.71% | 16.30% | 17.58% | |
| 6.54% | 9.59% | 9.80% | 9.78% | 8.70% | 18.77% | 19.53% | 11.86% | 12.39% | 13.15% | |
ROIC |
11.95% | 15.02% | 14.96% | 15.05% | 16.46% | 22.95% | 27.34% | 17.29% | 17.75% | 17.21% |
Return on Tangible Assets |
13.88% | 20.12% | 19.52% | 17.82% | 14.98% | 32.20% | 32.53% | 19.66% | 20.49% | 24.80% |
Average Days of Receivables |
13.89 | 14.68 | 15.43 | 14.71 | 15.61 | 21.55 | 15.22 | 15.68 | 19.17 | 17.61 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
13.08% | 12.27% | 12.63% | 13.71% | 13.55% | 12.68% | 12.06% | 13.81% | 13.66% | 13.29% |
Intangible Assets out of Total Assets |
0.13 | 0.12 | 0.11 | 0.11 | 0.09 | 0.11 | 0.11 | 0.11 | 0.10 | 0.16 |
Share Based Compensation of Revenue |
0.27% | 0.27% | 0.35% | 0.37% | 0.40% | 0.31% | 0.29% | 0.38% | 0.43% | 0.57% |
Graham Net Nets |
0.14 | 0.13 | 0.25 | 0.24 | 0.19 | 0.19 | 0.17 | 0.16 | 0.13 | 0.11 |
Graham Number |
64.67 | 88.10 | 99.66 | 111.01 | 118.16 | 209.45 | 259.73 | 225.05 | 248.19 | 276.80 |
Earnings Yield |
3.63% | 3.99% | 6.32% | 5.68% | 3.70% | 8.95% | 8.55% | 4.76% | 4.04% | 5.01% |
Free Cash Flow Yield |
3.89% | 3.31% | 2.33% | 7.10% | 4.28% | 5.74% | 7.59% | 6.40% | 3.71% | 6.11% |
Revenue per Share |
86.21 | 96.55 | 106.02 | 116.30 | 120.58 | 177.27 | 242.28 | 210.98 | 247.05 | 285.82 |
Operating CF per Share |
5.10 | 6.53 | 3.62 | 11.14 | 12.41 | 15.71 | 28.91 | 26.41 | 21.88 | 34.06 |
Capex per Share |
(0.57) | (0.88) | (0.83) | (0.85) | (2.75) | (1.89) | (4.78) | (1.48) | (2.60) | (4.48) |
Free Cash Flow per Share |
4.53 | 5.66 | 2.79 | 10.29 | 9.66 | 13.83 | 24.13 | 24.93 | 19.28 | 29.58 |
Cash per Share |
17.31 | 23.26 | 23.36 | 29.56 | 39.01 | 30.40 | 33.71 | 45.43 | 48.37 | 34.80 |
Shareholders Equity per Share |
43.94 | 50.65 | 58.32 | 66.55 | 74.40 | 90.47 | 110.39 | 121.48 | 130.50 | 140.48 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
43.94 | 50.65 | 58.32 | 66.55 | 74.40 | 90.47 | 110.39 | 121.48 | 130.50 | 140.48 |
Free Cash Flow |
40.64 | 51.05 | 25.33 | 93.94 | 88.73 | 126.90 | 213.40 | 212.07 | 157.25 | 232.29 |
Working Capital |
216.55 | 242.26 | 288.04 | 344.08 | 414.70 | 449.95 | 511.19 | 578.53 | 607.02 | 489.34 |
Capital Expenditures |
(5.15) | (7.91) | (7.51) | (7.80) | (25.30) | (17.32) | (42.29) | (12.62) | (21.24) | (35.20) |
Net Current Asset Value |
143.86 | 200.92 | 266.42 | 313.34 | 383.61 | 419.60 | 472.89 | 531.05 | 568.12 | 436.78 |
EV/EBIT |
16.68 | 18.86 | 10.81 | 12.58 | 19.44 | 9.60 | 8.51 | 16.41 | 20.27 | 15.50 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 |
Price to Operating Income |
18.39 | 20.90 | 12.92 | 15.59 | 23.34 | 10.92 | 9.47 | 18.50 | 22.28 | 16.64 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 |
Cash ROIC |
6.69% | 7.02% | 3.26% | 10.53% | 8.42% | 11.44% | 16.75% | 14.94% | 10.78% | 16.88% |
Accounts Receivable Turnover |
26.43 | 27.02 | 25.42 | 25.43 | 24.57 | 22.69 | 23.11 | 21.56 | 22.03 | 20.96 |
Accounts Payable Turnover |
28.96 | 28.90 | 28.52 | 28.07 | 28.01 | 32.40 | 43.02 | 42.57 | 43.83 | 42.22 |
Inventory Turnover |
6.53 | 6.80 | 6.72 | 7.24 | 7.10 | 6.49 | 6.26 | 5.42 | 6.27 | 6.26 |
Average Days of Payables |
14.23 | 12.57 | 14.13 | 13.14 | 13.49 | 12.91 | 7.06 | 8.95 | 8.76 | 9.39 |
Days of Inventory on Hand |
55.63 | 57.69 | 56.03 | 49.85 | 55.12 | 73.09 | 60.49 | 64.40 | 59.51 | 62.83 |
Average Receivables |
29.28 | 32.25 | 37.87 | 41.75 | 45.10 | 71.72 | 92.70 | 83.24 | 91.49 | 107.07 |
Average Payables |
21.26 | 23.90 | 26.55 | 29.61 | 31.02 | 37.60 | 36.91 | 32.13 | 35.36 | 40.68 |
Average Inventory |
94.33 | 101.50 | 112.68 | 114.87 | 122.38 | 187.60 | 253.56 | 252.24 | 247.02 | 274.18 |
Average Assets |
580.58 | 641.05 | 700.00 | 767.82 | 881.13 | 1,053.40 | 1,231.47 | 1,331.07 | 1,380.40 | 1,448.89 |
Average Common Equity |
373.82 | 425.76 | 493.35 | 568.59 | 645.61 | 757.05 | 903.37 | 1,004.85 | 1,049.00 | 1,083.88 |
Columns are period end dates · fundamentals updated 5 Nov 2026