Saturday 17 October 2026
Export CVCO’s income statement to Excel — free account
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%
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Target Price Range
Analyst price targets
Free accountTen 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 |
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| 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.
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% |
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.