Cavco Industries, Inc. logo CVCO - Cavco Industries, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 1
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $475.00 DETAILS
HIGH: $495.00
LOW: $455.00
MEDIAN: $475.00
CONSENSUS: $475.00
DOWNSIDE: 6.71%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Revenue
Revenue 2,244.5 2,015.5 1,794.8 2,142.7 1,627.2 1,108.1 1,061.8 962.7 871.2 773.8 712.4 566.7 533.3 452.3 443.1 171.8 115.6 105.4 141.9 169.1 189.5 157.4 128.9 110.0 95.7 95.5 118.5 138.1
Cost of Revenue 1,717.6 1,549.9 1,367.9 1,587.8 1,218.4 869.1 831.3 757.0 690.6 615.8 567.9 440.5 413.9 351.9 347.1 147.5 104.9 94.6 121.5 138.8 151.1 127.9 106.2 90.7 80.4 77.8 90.1 106.1
Gross Profit 526.9 465.6 426.9 554.9 408.7 239.0 230.5 205.7 180.7 158.0 144.4 126.1 119.5 100.4 95.9 24.3 10.7 10.8 20.4 30.3 38.4 29.5 22.6 19.4 15.3 17.7 28.4 32
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 298.3 275.3 247.9 258.3 206.3 150.2 145.6 121.6 106.9 101.2 98.1 87.7 87.9 79.3 79.8 21.3 16.7 11.2 13.8 15.3 16.4 14.2 13.6 12.2 11.5 14.4 14.7 17.4
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12.9 3.5 3.1
Operating Expenses 298.3 275.3 247.9 258.3 206.3 150.2 145.6 121.6 106.9 101.2 98.1 87.7 87.9 79.3 79.8 21.3 16.7 11.2 13.8 15.3 16.4 14.2 13.6 12.2 11.5 27.3 18.2 20.5
Operating Income
Operating Income 228.6 190.3 179.0 296.6 202.5 88.8 84.9 84.1 73.8 56.8 46.3 38.5 31.5 21.0 16.1 2.9 (6.0) (0.4) 6.6 15.0 22.0 15.3 9.0 7.2 3.8 (9.6) 10.2 11.4
Interest Expense 0.5 0.5 1.6 0.9 0.7 0.7 1.5 3.4 4.4 4.4 4.4 4.6 4.8 6.0 7.3 0 0 0 0 2.4 1.5 0.5 0.2 0 0 0 0.3 1.2
Interest Income 16.3 21.1 21.0 10.7 3.5 2.1 0 0 0 0 0 0 0 0 0 2.0 0.2 0.8 2.5 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 251.6 230.8 219.4 324.6 223.7 104.0 100.3 94.8 86.9 63.4 52.3 45.7 36.6 26.6 45.0 6.3 (4.8) 0.4 7.3 15.7 22.9 16.3 10.6 8.3 5.0 (9.6) 7.2 12.3
EBIT 228.6 211.6 200.8 307.7 212.7 97.7 94.5 90.1 82.9 59.7 48.4 41.9 32.6 22.6 39.5 5.0 (6.0) (0.4) 6.6 15.0 22.0 15.3 9.0 7.2 3.8 (9.6) 10.8 13.8
Income Before Tax 244.7 211.1 199.2 306.8 212.0 96.9 93.0 86.7 78.5 55.3 44.0 37.3 27.8 16.6 32.2 5.0 (5.8) 0.3 9.1 17.4 23.5 15.8 9.3 6.8 3.1 (10.7) 10.5 12.6
Income Tax Expense 54.1 40.0 41.3 65.9 14.2 20.3 17.9 18.1 17.0 17.3 15.5 13.5 9.1 6.4 2.5 0.9 (2.0) (0.1) 2.8 6.0 8.7 6.2 3.1 0 0 0 3.6 1.5
Net Income 190.6 171.0 157.8 240.6 197.7 76.6 75.1 68.6 61.5 38.0 28.5 23.8 16.2 5.0 15.2 2.8 (3.4) 0.5 6.3 11.5 15.0 10.1 6.2 (4.5) (1.4) (27.3) 6.9 11.1
Per Share Data
EPS (Basic) 24.26 20.97 18.55 27.20 21.54 8.34 8.22 7.56 6.82 4.23 3.21 2.69 1.97 0.71 2.22 0.43 -0.52 0.07 0.98 1.81 2.38 1.61 0.49 -0.72 -0.23 -4.41 1.11 1.79
EPS (Diluted) 23.98 20.71 18.37 26.95 21.34 8.25 8.10 7.40 6.68 4.17 3.15 2.64 1.94 0.71 2.19 0.41 -0.52 0.07 0.95 1.74 2.23 1.54 0.49 -0.72 -0.23 -4.33 1.11 1.79
Shares Outstanding 7.9 8.2 8.5 8.8 9.2 9.2 9.1 9.1 9.0 9.0 8.9 8.9 8.3 7.0 6.9 6.6 6.5 6.5 6.4 6.4 6.3 6.3 12.5 6.3 6.2 6.2 6.2 6.2
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999
Current Assets
Cash & Cash Equivalents 257.0 356.2 352.7 271.4 244.2 244.2 241.8 187.4 186.8 132.5 97.8 70.6 73.6 30.8 0 0 0 0 0
Short-Term Investments 16.2 19.8 18.3 15.0 20.1 20.1 14.6 12.6 11.9 11.3 10.1 4.5 0 0 0 0 0 0 0
Net Receivables 184.2 188.1 141.2 89.3 149.3 149.3 90.6 86.0 71.6 70.3 54.6 6.2 10.1 6.5 5.3 3.8 8.8 8.2 20.9
Inventory 295.7 252.7 241.3 263.1 244.0 244.0 113.5 116.2 109.2 93.9 94.8 9.3 11.3 8.0 14.0 24.7 10.2 10.7 10.7
Other Current Assets 71.6 93.3 98.4 75.7 14.8 14.8 13.4 15.2 11.2 20.8 19.2 3.7 4.4 7.3 14.5 9.5 27.9 38.7 32.8
Total Current Assets 824.7 910.2 851.8 804.6 744.1 744.1 516.2 462.0 418.6 356.8 298.7 98.4 101.2 54.3 34.4 38.8 47.8 57.6 64.4
Non-Current Assets
Property, Plant & Equipment 312.5 263.2 263.2 255.0 181.0 181.0 91.1 63.5 63.4 57.0 55.1 12.9 12.7 8.2 9.2 10.0 4.4 4.3 4.2
Goodwill 208.8 122.0 121.9 114.5 101.0 101.0 75.1 72.9 72.9 69.8 69.8 67.3 67.3 67.3 67.3 67.3 67.3 80.3 83.6
Intangible Assets 28.1 16.7 28.2 29.8 28.5 28.5 15.1 9.8 10.1 10.3 10.6 0 0 0 0 0 0 0 0
Long-Term Investments 117.0 18.1 17.3 18.6 34.9 34.9 31.6 32.1 33.6 30.3 28.9 (12.9) (12.7) 0 0 0 0 0 0
Other Non-Current Assets 0 74.6 71.7 85.4 65.5 65.5 81.4 77.8 68.7 62.2 70.1 9.4 8.7 (3.6) 0 0 0 0 0
Total Non-Current Assets 666.4 496.5 502.4 503.4 410.9 410.9 294.2 263.2 256.2 250.6 255.1 80.2 80.1 75.6 76.5 77.3 71.8 84.6 87.8
Total Assets 1,491.1 1,406.6 1,354.2 1,308.0 1,155.0 1,155.0 810.4 725.2 674.8 607.3 553.8 178.6 181.2 129.9 110.9 116.1 119.5 142.2 152.2
Current Liabilities
Account Payables 44.2 37.2 33.5 30.7 43.1 43.1 29.9 29.3 23.8 24.0 18.5 0.7 2.1 6.1 0 0 0 0 0
Short-Term Debt 0 6.2 0 0.5 0.8 0.8 2.2 19.5 26.0 6.4 6.3 0 0 0 0 0 0 0 0
Deferred Revenue 0 46.9 33.4 0 56.3 56.3 22.1 17.8 21.9 18.9 16.9 0 0 0 0 0 0 0 0
Other Current Liabilities 291.2 65.8 168.2 174.2 (0.8) (0.8) 38.7 80.5 82.9 67.4 58.9 0 0 0 18.6 23.1 26.6 43.1 43.6
Total Current Liabilities 335.4 303.2 273.3 293.4 294.2 294.2 172.1 174.0 176.3 140.2 125.1 14.5 20.2 25.1 18.6 23.1 26.6 43.1 43.6
Non-Current Liabilities
Long-Term Debt 0 1.4 0 1.9 10.8 10.8 12.3 14.6 33.8 51.6 54.9 0 0 0 0 0 0 13.3 4.2
Deferred Tax Liabilities 14.7 0 4.6 0 5.5 5.5 7.3 7.0 7.6 21.1 20.6 16.1 14.7 6.8 0 0 0 0 0
Other Non-Current Liabilities 7.1 0 7.8 7.6 0 0 0 0 0 0 0 0 0 0 0 36.0 34.5 0.1 0
Total Non-Current Liabilities 52.6 38.9 47.5 37.1 29.5 29.5 30.7 21.6 41.3 72.7 75.5 16.1 14.7 6.8 0 36.0 34.5 13.4 4.2
Total Liabilities 388.0 342.1 320.7 330.5 323.7 323.7 202.8 195.6 217.7 212.9 200.6 30.6 34.9 31.9 18.6 59.1 61.1 56.5 47.8
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0 0 0 0 0
Retained Earnings 1,388.7 1,198.2 1,027.1 869.3 628.8 628.8 355.1 280.1 209.4 148.1 110.2 21.9 21.5 (21.6) 0 0 0 0 0
Accumulated Other Comprehensive Income 0.0 0.0 (0.3) (0.6) (0.4) (0.4) 0.1 (0.0) 1.4 1.4 1.3 (9.3) (8.6) (0.6) 0 0 0 171.4 208.8
Total Stockholders' Equity 1,103.2 1,064.6 1,033.4 976.3 830.5 830.5 607.6 529.6 457.1 394.4 353.2 148.0 146.4 97.9 92.3 57.0 58.4 85.7 104.4
Total Liabilities & Equity 1,491.1 1,406.6 1,354.2 1,308.0 1,155.0 1,155.0 810.4 725.2 674.8 607.3 553.8 178.6 181.2 129.9 110.9 116.1 119.5 142.2 152.2
Debt Metrics
Total Debt 30.7 45.1 35.1 36.6 24.8 24.8 29.9 34.1 59.8 58.0 61.2 0 0 0 0 36.1 34.5 13.3 4.2
Net Debt (226.3) (311.1) (317.5) (234.9) (219.4) (219.4) (212.0) (153.2) (127.0) (74.6) (36.6) (70.6) (73.6) (30.8) 0 36.1 34.5 13.3 4.2
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001
Operating Activities
Net Income 190.6 171.0 157.8 240.6 197.7 197.7 75.1 68.6 61.5 38.0 28.5 10.1 6.2 (4.5) (1.4) (27.3)
Depreciation & Amortization 23.0 19.3 18.5 16.9 11.0 11.0 5.8 4.7 4.0 3.7 3.9 1.3 1.6 1.2 1.2 5.6
Stock-Based Compensation 12.8 8.7 6.8 0 5.1 5.1 3.9 3.4 2.3 2.1 1.8 0 0 0 0 0
Change in Working Capital 37.6 (146.4) 55.6 (1.2) (84.7) (318.0) 18.0 (47.5) 4.7 11.3 5.1 2.3 8.8 0.2 (5.5) 4.6
Other Non-Cash Items (6.3) 132.4 (11.0) (2.7) 16.9 250.2 (1.3) 4.4 (9.5) (8.2) 6.4 0.3 0 3.2 5.7 18.0
Operating Cash Flow 267.5 178.5 224.7 255.7 144.2 144.2 101.7 32.8 58.8 44.8 43.5 16.3 18.8 0 0 0.9
Investing Activities
Capital Expenditure (35.4) (21.4) (17.4) (44.1) (18.7) (18.7) (14.3) (7.6) (8.4) (5.3) (3.5) (0.6) (0.2) 0 0 (2.6)
Acquisitions 0 0 (19.2) (93.4) (141.4) (141.4) (15.9) 0.1 (1.6) 0.1 (28.1) 0 0 0 0 0
Purchases of Investments (34.5) (28.1) (13.0) (12.5) (12.8) (12.8) (11.7) (7.3) (12.5) (10.9) (17.1) 0 0 0 0 0
Sales/Maturities of Investments 15.3 25.4 13.1 18.9 12.4 12.4 10.2 9.0 17.4 9.0 10.4 0 0 0 0 0
Other Investing Activities (167.9) 0.2 4.8 1.8 1.3 1.3 6.5 1.8 0.5 0.1 0.1 0 0 0 0 0.2
Investing Cash Flow (222.4) (24.0) (31.7) (129.3) (159.1) (159.1) (25.2) (5.8) (4.7) (7.1) (38.2) (0.6) (0.2) 0 0 (2.5)
Financing Activities
Net Debt Issuance (0.3) (0.3) (0.5) (0.6) (9.3) (9.3) (19.7) (26.3) 1.0 (4.0) (6.1) 0 12.2 0 0 0
Stock Repurchased (159.9) (148.7) (109.3) (103.4) (59.6) (59.6) 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (4.8) 1.0 2.1 1.9 (0.4) 3.8 (1.1) (0.1) (0.9) 1.0 2.0 0 0 0 0 1.6
Financing Cash Flow (162.8) (147.9) (107.7) (102.2) (65.1) (65.1) (20.8) (26.4) 0.1 (3.0) (4.1) 0 12.2 0 0 1.6
Cash Position
Net Change in Cash (117.7) 6.6 85.3 24.2 (80.0) (80.0) 55.7 0.6 54.2 34.8 1.2 15.7 12.2 0 0 0
Cash at Beginning 375.3 368.8 283.5 259.3 339.3 339.3 199.9 199.3 132.5 97.8 96.6 30.8 18.6 0 0 0
Cash at End 257.6 375.3 368.8 283.5 259.3 259.3 255.6 199.9 186.8 132.5 97.8 46.5 30.8 0 0 0
Free Cash Flow 232.1 157.1 207.3 211.6 125.6 125.6 87.4 25.2 50.4 39.5 40.0 15.7 18.6 0 0 (1.7)
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Income Statement
Revenue 2,244.5 2,015.5 1,794.8 2,142.7 1,627.2 1,108.1 1,061.8 962.7 871.2 773.8 712.4 566.7 533.3 452.3 443.1 171.8 115.6 105.4 141.9 169.1 189.5 157.4 128.9 110.0 95.7 95.5 118.5 138.1
Gross Profit 526.9 465.6 426.9 554.9 408.7 239.0 230.5 205.7 180.7 158.0 144.4 126.1 119.5 100.4 95.9 24.3 10.7 10.8 20.4 30.3 38.4 29.5 22.6 19.4 15.3 17.7 28.4 32
Operating Income 228.6 190.3 179.0 296.6 202.5 88.8 84.9 84.1 73.8 56.8 46.3 38.5 31.5 21.0 16.1 2.9 (6.0) (0.4) 6.6 15.0 22.0 15.3 9.0 7.2 3.8 (9.6) 10.2 11.4
Net Income 190.6 171.0 157.8 240.6 197.7 76.6 75.1 68.6 61.5 38.0 28.5 23.8 16.2 5.0 15.2 2.8 (3.4) 0.5 6.3 11.5 15.0 10.1 6.2 (4.5) (1.4) (27.3) 6.9 11.1
EPS (Diluted) 23.98 20.71 18.37 26.95 21.34 8.25 8.10 7.40 6.68 4.17 3.15 2.64 1.94 0.71 2.19 0.41 -0.52 0.07 0.95 1.74 2.23 1.54 0.49 -0.72 -0.23 -4.33 1.11 1.79
Balance Sheet
Cash & Equivalents 257.0 356.2 352.7 271.4 244.2 244.2 241.8 187.4 186.8 132.5 97.8 70.6 73.6 30.8 0 0 0 0 0
Total Assets 1,491.1 1,406.6 1,354.2 1,308.0 1,155.0 1,155.0 810.4 725.2 674.8 607.3 553.8 178.6 181.2 129.9 110.9 116.1 119.5 142.2 152.2
Total Debt 30.7 45.1 35.1 36.6 24.8 24.8 29.9 34.1 59.8 58.0 61.2 0 0 0 0 36.1 34.5 13.3 4.2
Stockholders' Equity 1,103.2 1,064.6 1,033.4 976.3 830.5 830.5 607.6 529.6 457.1 394.4 353.2 148.0 146.4 97.9 92.3 57.0 58.4 85.7 104.4
Cash Flow
Operating Cash Flow 267.5 178.5 224.7 255.7 144.2 144.2 101.7 32.8 58.8 44.8 43.5 16.3 18.8 0 0 0.9
Capital Expenditure (35.4) (21.4) (17.4) (44.1) (18.7) (18.7) (14.3) (7.6) (8.4) (5.3) (3.5) (0.6) (0.2) 0 0 (2.6)
Free Cash Flow 232.1 157.1 207.3 211.6 125.6 125.6 87.4 25.2 50.4 39.5 40.0 15.7 18.6 0 0 (1.7)