Cavco Industries Inc. | Mid-cap | Consumer Cyclical
$559.91
2.67%
| Cavco Industries Stock Comparison:
Cavco Industries vs D.R. HortonCavco Industries vs LennarCavco Industries vs Installed BuildingCavco Industries vs Taylor Morrison HomeCavco Industries vs Meritage HomesCavco Industries vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 556.9M
Gross Profit 129.5M 23.26%
Operating Income 60.4M 10.84%
Net Income 51.6M 9.27%
EPS (Diluted) $6.42

Balance Sheet Metrics

Total Assets 1.4B
Total Liabilities 342.1M
Shareholders Equity 1.1B
Debt to Equity 0.32

Cash Flow Metrics

Operating Cash Flow 49.0M
Free Cash Flow 46.4M

Revenue & Profitability Trend

Cavco Industries Income Statement From 2021 to 2025

Metric20252024202320222021
Revenue i2.0B1.8B2.1B1.6B1.1B
Cost of Goods Sold i1.5B1.4B1.6B1.2B869.1M
Gross Profit i465.6M426.9M554.9M408.7M239.0M
Gross Margin % i23.1%23.8%25.9%25.1%21.6%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i275.3M247.9M258.3M206.3M150.2M
Other Operating Expenses i-----
Total Operating Expenses i275.3M247.9M258.3M206.3M150.2M
Operating Income i190.3M179.0M296.6M202.5M88.8M
Operating Margin % i9.4%10.0%13.8%12.4%8.0%
Non-Operating Items
Interest Income i21.1M21.0M10.7M3.5M2.1M
Interest Expense i517.0K1.6M910.0K702.0K738.0K
Other Non-Operating Income222.0K849.0K385.0K6.7M6.7M
Pre-tax Income i211.1M199.2M306.8M212.0M96.9M
Income Tax i40.0M41.3M65.9M14.2M20.3M
Effective Tax Rate % i19.0%20.7%21.5%6.7%20.9%
Net Income i171.0M157.9M240.8M197.7M76.6M
Net Margin % i8.5%8.8%11.2%12.2%6.9%
Key Metrics
EBITDA i230.8M219.4M324.6M223.7M104.0M
EPS (Basic) i$20.97$18.55$27.20$21.54$8.34
EPS (Diluted) i$20.71$18.37$26.95$21.34$8.25
Basic Shares Outstanding i81576158506673884432691785939189052
Diluted Shares Outstanding i81576158506673884432691785939189052

Income Statement Trend

Cavco Industries Balance Sheet From 2021 to 2025

Metric20252024202320222021
Assets
Current Assets
Cash & Equivalents i356.2M352.7M271.4M244.2M322.3M
Short-term Investments i19.8M18.3M15.0M20.1M19.5M
Accounts Receivable i105.8M77.1M89.3M96.1M47.4M
Inventory i252.7M241.3M263.2M244.0M131.2M
Other Current Assets74.8M82.9M92.9M71.7M57.8M
Total Current Assets i910.2M851.8M804.6M744.1M651.8M
Non-Current Assets
Property, Plant & Equipment i35.6M39.0M26.8M17.0M16.3M
Goodwill i260.7M272.1M258.9M230.4M164.5M
Intangible Assets i16.7M28.2M29.8M28.5M14.4M
Long-term Investments-----
Other Non-Current Assets2.4M585.0K335.0K335.0K335.0K
Total Non-Current Assets i496.5M502.4M503.4M410.9M300.0M
Total Assets i1.4B1.4B1.3B1.2B951.8M
Liabilities
Current Liabilities
Accounts Payable i37.2M33.5M30.7M43.1M32.1M
Short-term Debt i---784.0K1.9M
Current Portion of Long-term Debt-----
Other Current Liabilities55.8M60.3M76.8M70.0M70.8M
Total Current Liabilities i303.2M273.3M293.4M294.2M237.1M
Non-Current Liabilities
Long-term Debt i31.5M35.1M21.7M13.2M23.7M
Deferred Tax Liabilities i04.6M7.6M5.5M7.4M
Other Non-Current Liabilities7.4M7.8M7.8M10.8M-
Total Non-Current Liabilities i38.9M47.5M37.1M29.5M31.1M
Total Liabilities i342.1M320.7M330.5M323.7M268.2M
Equity
Common Stock i94.0K94.0K93.0K93.0K92.0K
Retained Earnings i1.2B1.0B869.3M628.8M431.1M
Treasury Stock i424.6M274.7M164.5M61.0M1.4M
Other Equity-----
Total Shareholders Equity i1.1B1.0B977.5M831.3M683.6M
Key Metrics
Total Debt i31.5M35.1M21.7M13.9M25.5M
Working Capital i607.0M578.5M511.2M449.9M414.7M

Balance Sheet Composition

Cavco Industries Cash Flow Statement From 2021 to 2025

Metric20252024202320222021
Operating Activities
Net Income i171.0M157.9M240.8M197.7M76.6M
Depreciation & Amortization i19.3M18.5M16.9M11.0M6.3M
Stock-Based Compensation i8.7M6.8M6.3M5.1M4.4M
Working Capital Changes i-220.2M-77.1M-96.3M-130.7M-29.1M
Operating Cash Flow i163.0M226.3M284.5M191.4M130.8M
Investing Activities
Capital Expenditures i-21.2M-12.6M-42.3M-17.3M-25.3M
Acquisitions i0-19.2M-93.4M-141.4M0
Investment Purchases i-28.1M-13.0M-12.5M-12.8M-17.5M
Investment Sales i25.4M13.1M18.9M12.4M19.5M
Investing Cash Flow i-24.0M-31.7M-129.3M-159.1M-23.3M
Financing Activities
Share Repurchases i-148.7M-109.3M-103.4M-59.6M-1.4M
Dividends Paid i-----
Debt Issuance i-00106.0K64.0K
Debt Repayment i-311.0K-488.0K-641.0K-9.4M-2.8M
Financing Cash Flow i-152.4M-112.2M-105.9M-69.5M-9.7M
Free Cash Flow i157.1M207.3M211.6M125.6M88.5M
Net Change in Cash i-13.4M82.3M49.3M-37.2M97.8M

Cash Flow Trend

Cavco Industries Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 23.70
Forward P/E 23.28
Price to Book 4.05
Price to Sales 2.06
PEG Ratio 0.42

Profitability Ratios

Profit Margin 8.99%
Operating Margin 10.84%
Return on Equity 17.90%
Return on Assets 9.91%

Financial Health

Current Ratio 2.88
Debt to Equity 3.55
Beta 1.23

Per Share Data

EPS (TTM) $23.00
Book Value per Share $134.51
Revenue per Share $259.43

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
cvco4.4B23.704.0517.90%8.99%3.55
D.R. Horton 51.2B13.802.1316.10%11.46%29.94
Lennar 35.6B11.371.5713.26%9.21%19.68
Installed Building 7.2B29.8410.9537.03%8.45%147.99
Taylor Morrison Home 6.9B8.051.1415.63%10.72%35.88
Meritage Homes 5.6B8.981.0612.58%10.27%35.75

Financial data is updated regularly. All figures are in the company's reporting currency.