CVCONasdaqMobile HomesFiscal year ends March 28
CAVCO INDUSTRIES, INC.
Financials through Q1 FY2027, quarter ended Jun 27, 2026Last filing: 10-Q on Jul 31, 2026
$510.97−10.99 (-2.11%)
Close on Oct 19, 2026
- Market cap
- $3.98B
- P/E (TTM)
- 22.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
23.5%+1.9 pts over 5 years
Operating margin
10.2%+2.2 pts over 5 years
Net margin
8.5%+1.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.4% | +1.6% | +15.2% | +12.2% | |
| Gross profit | +13.2% | -1.7% | +17.1% | +13.8% | |
| Operating income | +20.1% | -8.3% | +20.8% | +17.3% | |
| Net income | +11.4% | -7.5% | +20.0% | +20.9% | |
| EPS, diluted | +15.8% | -3.8% | +23.8% | +22.5% | |
| Free cash flow | +47.8% | +3.1% | +21.3% | +19.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 10.2% | 11.9% | 17.6% | |
| Return on assets | 6.5% | 8.7% | 13.2% | |
| Current ratio | 2.54 | 2.75 | 2.46 | |
| Interest coverage | 12.8× | 120.4× | 422.5× | |
| Inventory turnover | 6.5× | 7.1× | 6.3× | |
| Capex to revenue | 0.7% | 2.3% | 1.6% | |
| Diluted shares | 9M | 9M | 8M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Cavco Industries generated $1.07B from operations and spent $717.90M on capital expenditure, dividends and share buybacks. 19% of that went back into the business.
Generated
$1.07B
Used
$717.90M
Capital expenditure$137.01M19%Dividends$00%Share buybacks$580.89M81%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover1.55×
×Equity multiplier1.34×
=Return on equity, FY202617.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 8.5% | 1.55× | 1.34× | 17.6% |
| FY2025 | 8.5% | 1.46× | 1.32× | 16.3% |
| FY2024 | 8.8% | 1.35× | 1.32× | 15.7% |
| FY2023 | 11.2% | 1.74× | 1.36× | 26.6% |
| FY2022 | 12.1% | 1.54× | 1.39× | 26.1% |
| FY2021 | 6.9% | 1.26× | 1.36× | 11.9% |
| FY2020 | 7.1% | 1.38× | 1.35× | 13.2% |
| FY2019 | 7.1% | 1.38× | 1.42× | 13.9% |
| FY2018 | 7.1% | 1.36× | 1.51× | 14.4% |
| FY2017 | 4.9% | 1.33× | 1.55× | 10.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$190.55M
- Cash generatingOperating cash flow above zero$267.49M
- Return on assets improvedROA up on the prior year12.6% → 13.5%
- Earnings backed by cashOperating cash flow above net income$267.49M vs $190.55M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.00 → 2.46
- No dilutionShare count did not rise8M → 8M
- Gross margin improvedGross margin up on the prior year23.10% → 23.47%
- More efficientAsset turnover rose1.49 → 1.60