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. In the quarter to June 2026, revenue grew 9.54%, EPS fell 15.6% and free cash flow grew 5.65%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

518.79 16.81 −3.14%
Market cap
$4.1B
P/E
22.3×
Fwd P/E
22.8×
Dividend yield
—
F-score
8/9
Altman Z
9.59
Beneish M
−2.56
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.87
Total sells 2.63
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 3 — — — — — — — —
Sell 1 — — — — — 3 3 1 1 — —
Insider Ownership 2.44%

Capital & Financial Ratios $m

Market Cap 4,120.00
Revenue 2,297.61
Net Income 181.18
Free Cash Flow 234.91
Net Debt (283.91)
Current Ratio 2.23 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 22.33
Fwd P/E 22.80
P/S ratio 1.74
P/B ratio 3.60
Past 5Y EPS Growth 23.79% (at or above 15%: strong)
This Y EPS Growth (5.94%) (below 0%: weak)
Next Y EPS Growth 24.61% (at or above 15%: strong)
Next Y revenue growth 9.16%
Next 5Y EPS Growth 11.74%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 39.81%
10-year low 10-year high
P/S against its own 10 years 60.19%
10-year low 10-year high
P/B against its own 10 years 80.28%
10-year low 10-year high
EV/Sales against its own 10 years 70.77%
10-year low 10-year high
EV/FCF against its own 10 years 33.28%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 386 395 273 284
Receivables 77 106 108 116
Inventory 241 253 296 309
Other — — — —
852 910 825 837
2024 2025 2026 Q'26
Payables 34 37 44 46
ST’ Debt — — — —
Other — — — —
273 303 335 376

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%

Revenue $m

Jun Sep Dec Mar Year
’26 610 — — — —
’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 — — — —
’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 — — — —
’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.

EPS $

Jun Sep Dec Mar Year
’26 5.43 — — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 93.65 121.40 112.00 99.58 170.86 179.47 224.62 304.10 393.53 443.34

Analyst estimates 2027–2029

Powerpack
High 157.80 261.80 210.00 236.10 327.24 324.99 365.63 544.08 618.03 713.01
People
People Employees 4,300 4,500 4,650 5,000 4,700 6,300 7,000 6,500 7,000 7,700
Revenue/emp, $m 0.18 0.19 0.21 0.21 0.24 0.26 0.31 0.28 0.29 0.29
Income, $m
Income, $m Revenue 774 871 963 1,062 1,108 1,627 2,143 1,795 2,015 2,245
Gross margin, % 20.42 20.74 21.37 21.71 21.57 25.12 25.90 23.79 23.10 23.47
EBT 55 79 87 93 97 212 307 199 211 245
EBT margin, % 7.14 9.01 9.00 8.76 8.75 13.03 14.32 11.10 10.47 10.90
Net income 38 62 69 75 77 198 241 158 171 191
Depreciation 4 4 5 6 6 11 17 19 19 23
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
Earnings 4.23 6.82 7.56 8.22 8.34 21.54 27.20 18.55 20.97 24.26
Cash flow 5.10 6.53 3.62 11.14 12.41 15.71 28.91 26.41 21.88 34.06
Capex (0.57) (0.88) (0.83) (0.85) (2.75) (1.89) (4.78) (1.48) (2.60) (4.48)
Free cash flow 4.53 5.66 2.79 10.29 9.66 13.83 24.13 24.93 19.28 29.58
Book value 43.94 50.65 58.32 66.55 74.40 90.47 110.39 121.48 130.50 140.48
Shares, m 9 9 9 9 9 9 9 9 8 8
Valuation, ×
Valuation, × P/E 27.52 25.09 15.82 17.61 27.05 11.18 11.70 21.01 24.77 19.98
P/S 1.35 1.77 1.13 1.25 1.87 1.36 1.31 1.85 2.10 1.69
P/B 2.65 3.37 2.05 2.18 3.03 2.66 2.88 3.20 3.98 3.45
EV/Sales 1.22 1.60 0.94 1.01 1.56 1.19 1.18 1.64 1.91 1.58
EV/FCF 23.31 27.26 35.91 11.37 19.46 15.32 11.83 13.85 24.52 15.25
Cash, $m
Cash, $m Operating cash flow 46 59 33 102 114 144 256 225 178 267
Capex (5) (8) (8) (8) (25) (17) (42) (13) (21) (35)
Free cash flow 41 51 25 94 89 127 213 212 157 232
Balance, $m
Balance, $m Working capital 217 242 288 344 415 450 511 579 607 489
Total debt 58 60 34 15 12 30 36 — — —
Net debt (97) (150) (178) (255) (346) (279) (298) (386) (395) (273)
Shareholders’ equity 394 457 530 608 684 830 976 1,033 1,065 1,103
Returns, %
Returns, % ROA 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
ROE 10.15 14.45 13.91 13.20 11.87 26.11 26.63 15.71 16.30 17.58
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

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. $15.8B 14.6× 17.0× −10.48% (below 0%: shrinking) −23.46% (below 0%: shrinking) −682.68% (below 0%: shrinking) 20.85% 14.17% Compare
TOL Toll Brothers Inc. $12.3B 10.7× 10.8× −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. $5.0B 19.9× 23.8× +2.30% (above 0%: growing) −3.56% (below 0%: shrinking) −30.95% (below 0%: shrinking) 33.29% 12.16% Compare
SKY Champion Homes, Inc. $4.3B 22.7× 22.0× +1.27% (above 0%: growing) −21.24% (below 0%: shrinking) −4.47% (below 0%: shrinking) 25.24% 8.49% Compare
CVCO Cavco Industries, Inc. $4.1B 22.3× 22.8× +9.54% (above 0%: growing) −15.56% (below 0%: shrinking) +5.65% (above 0%: growing) 22.07% 8.65%
MTH Meritage Homes Corporation $3.9B 12.3× 13.6× −13.77% (below 0%: shrinking) −33.01% (below 0%: shrinking) +2,516.98% (above 0%: growing) 18.60% 8.19% Compare
MHO M/I Homes, Inc. $3.2B 10.3× 10.9× −8.54% (below 0%: shrinking) −31.86% (below 0%: shrinking) −11.50% (below 0%: shrinking) 22.15% 9.53% Compare
GRBK Green Brick Partners, Inc. $2.7B 9.2× 12.0× −8.70% (below 0%: shrinking) −8.06% (below 0%: shrinking) −113.25% (below 0%: shrinking) 31.90% 19.54% Compare
KBH KB Home $2.7B 12.0× 16.2× −19.96% (below 0%: shrinking) −35.34% (below 0%: shrinking) −178.04% (below 0%: shrinking) 5.54% 5.54% Compare
Median of peers $4.1B 12.1× 14.9× −9.21% −22.35% −33.63% 22.84% 10.84%

All 19 Residential Construction stocks →

Cavco Industries, Inc. (CVCO) key facts

  • Strength: Cavco Industries, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.2 billion, up 11.4% from fiscal 2025.
  • Strength: Net income was $190.6 million, or $24.26 per share (basic), a net margin of 8.49%.
  • Cavco Industries, Inc. (CVCO) is a Residential Construction company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, CVCO traded at $518.79, a market capitalization of $4.1 billion.
  • At that price the stock trades at 22.3× trailing-twelve-month earnings and 1.7× sales; its P/E is higher than 40% of its own readings over the past ten years.
  • Return on equity was 17.6% and debt-to-equity 0.00.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 9.59 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Cavco Industries, Inc. (CVCO) Latest News

7 Aug

stockrow.com/CVCO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com