Cavco Industries, Inc. logo

Cavco Industries, Inc.

CVCO

NASDAQConsumer CyclicalResidential Construction

Previous close

$582.55

+$3.69 · +0.64%

Aug 21, 4:00 PM ET

CVCO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

43

Fair Value

Momentum

39

Weakening

Sentiment

69

Bullish

Risk resilience

61

Moderate Risk

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Company profile

Company website

Cavco Industries, Inc. (CVCO) is a prominent American enterprise primarily focused on the manufacturing, marketing, and retail sale of prefabricated residential dwellings. Its operations are structured into two core divisions: Factory-Built Housing, which handles construction, and Financial Services. The company offers its extensive range of manufactured homes under numerous recognized brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry. Beyond traditional homes, Cavco's production capabilities encompass recreational park model vehicles, vacation cabins, and various factory-built commercial structures. This commercial portfolio includes multi-unit apartment buildings, condominiums, hotels, temporary housing for workforces, educational facilities, and accommodations for U.S. military personnel. The firm further diversifies its offerings with an assortment of modular homes, featuring designs such as single and multi-section ranches, split-level residences, Cape Cod-style houses, two- and three-story structures, and multi-family units. To support its housing sales, Cavco provides a suite of financial services, extending both conforming and non-conforming mortgages, as well as specialized home-only loans. These financial products are available to individuals purchasing factory-built homes sold through Cavco's proprietary retail outlets and its extensive network of independent distributors, builders, community operators, and developers. Moreover, the company furnishes property and casualty insurance solutions specifically tailored for owners of manufactured homes. As of April 3, 2022, Cavco maintained a retail footprint of 45 company-owned locations situated across Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. Its products are also distributed widely throughout 48 U.S. states and Canada via a broad network of independent dealerships, in addition to reaching customers through planned community developments and residential builders. Established in 1965, Cavco Industries, Inc. has its corporate headquarters situated in Phoenix, Arizona.

Industry
Residential Construction
Sector
Consumer Cyclical
Headquarters
US
CEO
William C. Boor
Listed since
Jul 1, 2003
Employees
7,700

Market position

Day range

Current $582.55

52-week range

Current $582.55

Open
$583.28
Previous close
$578.86
Volume
59.63K
0.47× average
Average volume
125.77K
Average daily volume
Market cap
4.49B USD
Beta
1.28
Market reference 1
50-day average
$583.99
-0.25% below average
200-day average
$560.8
+3.88% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.43B USD
P/E (TTM)
25.06×
P/B (TTM)
4.04×
P/S (TTM)
1.95×
EV / EBITDA
12.8×
Earnings yield
5.21%
Free cash flow yield
6.34%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
23.15%
Operating margin
9.62%
Net margin
7.89%
Return on equity
17.27%
Return on assets
12.78%
Return on invested capital
15.40%

Financial health

Debt / equity
0.04×
Current ratio
2.46×
Altman Z-score
9.9
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%21%14%7%Gross margin, FY2022: 25.12%Gross margin, FY2023: 25.90%Gross margin, FY2024: 23.79%Gross margin, FY2025: 23.10%Gross margin, FY2026: 23.47%Operating margin, FY2022: 12.44%Operating margin, FY2023: 13.84%Operating margin, FY2024: 9.97%Operating margin, FY2025: 9.44%Operating margin, FY2026: 10.18%Net margin, FY2022: 12.15%Net margin, FY2023: 11.23%Net margin, FY2024: 8.79%Net margin, FY2025: 8.49%Net margin, FY2026: 8.49%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 25.12%. Gross margin FY2023 25.90%. Gross margin FY2024 23.79%. Gross margin FY2025 23.10%. Gross margin FY2026 23.47%. Operating margin FY2022 12.44%. Operating margin FY2023 13.84%. Operating margin FY2024 9.97%. Operating margin FY2025 9.44%. Operating margin FY2026 10.18%. Net margin FY2022 12.15%. Net margin FY2023 11.23%. Net margin FY2024 8.79%. Net margin FY2025 8.49%. Net margin FY2026 8.49%.

Income trends

Revenue

2.24B USD+11.36%

Operating income

228.57M USD+20.12%

Net income

190.55M USD+11.41%
Income trends across reported periods2.45B USD1.62B USD783.82M USD−50.85M USDRevenue, FY2022: 1.63B USDRevenue, FY2023: 2.14B USDRevenue, FY2024: 1.79B USDRevenue, FY2025: 2.02B USDRevenue, FY2026: 2.24B USDOperating income, FY2022: 202.5M USDOperating income, FY2023: 296.61M USDOperating income, FY2024: 178.98M USDOperating income, FY2025: 190.28M USDOperating income, FY2026: 228.57M USDNet income, FY2022: 197.7M USDNet income, FY2023: 240.55M USDNet income, FY2024: 157.82M USDNet income, FY2025: 171.04M USDNet income, FY2026: 190.55M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.63B USD. Revenue FY2023 2.14B USD. Revenue FY2024 1.79B USD. Revenue FY2025 2.02B USD. Revenue FY2026 2.24B USD. Operating income FY2022 202.5M USD. Operating income FY2023 296.61M USD. Operating income FY2024 178.98M USD. Operating income FY2025 190.28M USD. Operating income FY2026 228.57M USD. Net income FY2022 197.7M USD. Net income FY2023 240.55M USD. Net income FY2024 157.82M USD. Net income FY2025 171.04M USD. Net income FY2026 190.55M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue2.24B USD2.02B USD1.79B USD2.14B USD1.63B USD
Cost of goods sold1.72B USD1.55B USD1.37B USD1.59B USD1.22B USD
Gross profit526.89M USD465.59M USD426.9M USD554.93M USD408.75M USD
Selling, general, and administrative298.32M USD275.32M USD247.92M USD258.32M USD206.25M USD
Operating expenses298.32M USD275.32M USD247.92M USD258.32M USD206.25M USD
Interest income16.34M USD21.09M USD21M USD10.68M USD3.54M USD
Interest expense541K USD517K USD1.65M USD910K USD702K USD
Depreciation and amortization23.04M USD19.26M USD18.53M USD16.9M USD11.02M USD
Operating income228.57M USD190.28M USD178.98M USD296.61M USD202.5M USD
Net income190.55M USD171.04M USD157.82M USD240.55M USD197.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
+4.48%
11 comparable reports
Latest EPS result
5.43
Estimate 5.69 · Miss by 4.57%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates7.186.325.454.59Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 6.9, estimate 4.89, surprise +41.10%, Beat. Q2 2025, reported May 22, 2025: actual 5.4, estimate 4.87, surprise +10.88%, Beat. Q3 2025, reported Jul 31, 2025: actual 6.42, estimate 5.81, surprise +10.50%, Beat. Q4 2025, reported Oct 30, 2025: actual 6.55, estimate 6.09, surprise +7.55%, Beat. Q1 2026, reported Jan 29, 2026: actual 5.58, estimate 6, surprise -7.00%, Miss. Q2 2026, reported May 21, 2026: actual 5.42, estimate 5.26, surprise +3.04%, Beat. Q3 2026, reported Jul 30, 2026: actual 5.43, estimate 5.69, surprise -4.57%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 5.6, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates635.82M583.78M531.73M479.69MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 522.04M USD, estimate 512.49M USD, surprise +1.86%, Beat. Q2 2025, reported May 22, 2025: actual 508.36M USD, estimate 504.15M USD, surprise +0.84%, Beat. Q3 2025, reported Jul 31, 2025: actual 556.86M USD, estimate 540.69M USD, surprise +2.99%, Beat. Q4 2025, reported Oct 30, 2025: actual 556.53M USD, estimate 542.92M USD, surprise +2.51%, Beat. Q1 2026, reported Jan 29, 2026: actual 580.99M USD, estimate 593.35M USD, surprise -2.08%, Miss. Q2 2026, reported May 21, 2026: actual 550.13M USD, estimate 571.06M USD, surprise -3.67%, Miss. Q3 2026, reported Jul 30, 2026: actual 609.96M USD, estimate 590.54M USD, surprise +3.29%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 611.37M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$700

20.16% upside
Past 12 months12-month forecastHigh $700Average $700Low $700

Recent analyst actions

2 institutions

CVCO news

CVCO peers

ETFs holding CVCO

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