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MARKETS / NASDAQ / Materials / Lumber and wood / CVCO
NASDAQ · MOBILE HOMES · LARGE CAP

Cavco Industries, Inc. CVCO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.2B
▲ 11.4% YoY
$190.6M
▲ 11.4% YoY
$232.1M
▲ 47.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Cavco Industries, Inc. designs and produces factory-built homes distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. It also produces park model RVs, vacation cabins and factory-built commercial structures. Its workforce is made up of approximately 7,700 full-time team members. It sold 20,842 factory-built homes in fiscal year 2026 through Company-owned and independent distribution channels. As of March 28, 2026, it had a total of 92 Company-owned retail stores located in thirteen states, of which 57 were in Texas. It reports its business through segments named factory-built housing and financial services. Its operations include a total of 33 homebuilding production lines, 31 located in the United States and two in Mexico. Cavco Industries, Inc., a Delaware corporation, was formed on June 30, 2003, as a successor corporation to previous Cavco entities operating since 1965.

Written from the business description in CAVCO INDUSTRIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 22 May 2026. Every sentence was checked against that document before publication.

Growth

USD 2.2B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.2 · Net income 0.2
1B2B
2009201220152018202120242025
Compound annual growth
+1.6%
+15.2%
+12.2%
+18.7%
−7.5%
+20.0%
+20.9%
+32.4%
−3.8%
+23.8%
+22.5%
+31.2%
+16.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.2% a year over the five years to FY2025 — but profit grew faster: net income at +20.0%, earnings per share at +23.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.2% · Net 8.5%
5%10%-2%-4%
200920172025
ROE
FY2025 · ROE 17.6%
10%20%
200920172025
Three returns, three denominators.
Gross margin23.5%
Operating margin10.2%
Net margin8.5%
EBITDAUSD 251.6M

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

USD 157.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 232.1
100M200M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 157.7
100M200M
20182019202020212022202320242025
Dividends paid·
Net buybacksUSD 157.7M
Share of profit82.7%
Consecutive raises·

USD 157.7M in buybacks — 83% of the year's profit went back to shareholders.

Total assetsUSD 1.5B
EquityUSD 1.1B
CashUSD 236.7M
Current ratio2.46×

Equity funds 74% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CVCO, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.22.01.82.11.61.11.11.00.90.80.70.60.50.50.40.20.1
Operating income $B0.20.20.20.30.20.10.10.10.10.10.00.00.00.00.00.0−0.0
EBITDA $B0.30.20.20.30.20.10.10.10.10.10.10.00.00.00.00.0−0.0
Income tax $B0.10.00.00.10.00.00.00.00.00.00.00.00.00.00.00.0−0.0
Net income $B0.20.20.20.20.20.10.10.10.10.00.00.00.00.00.00.0−0.0
Free cash flow $B0.20.20.20.20.10.10.10.00.10.00.00.00.00.00.00.0−0.0
EPS, diluted $23.9820.7118.3726.9521.348.258.107.406.684.173.152.641.940.712.190.41−0.52
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %17.616.315.726.626.111.913.213.914.410.28.57.86.92.99.61.9−2.3
Shares out B0.010.010.010.01◌◌0.010.010.010.010.010.010.010.010.010.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Cavco Industries, Inc.vsUFP Industries Inc.Same industry: Mobile HomesCavco Industries, Inc.vsFortune Brands Innovations, Inc.Same industry: Mobile HomesCavco Industries, Inc.vsLouisiana-pacific Corp.Same industry: Mobile HomesCavco Industries, Inc.vsChampion Homes, Inc.Same industry: Mobile HomesCavco Industries, Inc.vsKoppers Holdings Inc.Same industry: Mobile HomesCavco Industries, Inc.vsTrex Co. Inc.Same industry: Mobile HomesCavco Industries, Inc.vsJeld-wen Holding, Inc.Same industry: Mobile Homes
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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMobile Homes
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsMarch 28
Data on record since2009

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