Cavco Industries, Inc.

Cavco Industries, Inc.

CVCOยทNASDAQ

$544.46

+0.24%
Consumer CyclicalResidential Construction

Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. Further, it provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of April 3, 2022, it operated 45 company-owned retail stores in Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. The company also distributes its homes through a network of independent distribution points in 48 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

At a Glance

Live Snapshot
Market Cap$4.18B
EPS24.2600
P/E Ratio22.44
Earnings Date07/30/2026
3Y+24.0%
5Y+75.0%
10Y+310.0%
3Y-85.0%
5Y-5.0%
10Y-37.0%
3Y+127.0%
5Y+613.0%
10Y+3468.0%
CVCO

Cavco Industries, Inc. Cash Conversion Engine

CVCO ยท NASDAQ
Net Income171.04M
Depreciation & Amortization19.26M
Stock-Based Compensation8.68M
Change in Working Capital-146.36M
Others132.40M
Capital Expenditures-21.43M
Free Cash Flow157.07M

Cash Flow Quality Analysis

FCF Conversion Rate

91.8%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

12.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-24.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$146.36M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Cavco Industries, Inc. Cash Flow Statement

CVCO โ€ข NASDAQ

Cavco Industries, Inc. Cash Flow StatementMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010Mar 2009Mar 2008Mar 2007Mar 2006
OPERATING ACTIVITIES
171M
157.8M
240.6M
197.7M
197.7M
75.1M
68.6M
61.5M
38M
28.5M
23.8M
18.7M
10.3M
29.7M
4.1M
-3.8M
458K
6.3M
11.5M
15M
19.3M
18.5M
16.9M
11M
11M
5.8M
4.7M
4M
3.7M
3.9M
3.8M
4M
4M
5.6M
1.4M
1.2M
817K
785K
692K
1.2M
-6.5M
-3.1M
2.1M
-1.7M
-1.7M
261K
-762K
-4.3M
-2.1M
-2.2M
662K
512K
2.1M
-2.5M
-960K
1.4M
2M
1.9M
1.8M
1.5M
8.7M
6.8M
0.0
5.1M
5.1M
3.9M
3.4M
2.3M
2.1M
1.8M
1.7M
2.4M
1.3M
916K
671K
372K
137K
412K
846K
0.0
132.4M
-11M
-2.7M
16.9M
250.2M
-1.3M
4.4M
-9.5M
-8.2M
6.4M
-2.5M
13.6M
8.8M
-29.5M
-513K
318K
39K
108K
40K
646K
(45.6M)
(36.8M)
(82.4M)
(31.4M)
(31.4M)
(18.8M)
(19.9M)
(17.3M)
(18.1M)
(15.4M)
(7.4M)
(6.8M)
(7M)
(3.8M)
(1.6M)
(18K)
(45K)
(0.0)
(0.0)
(0.0)
-146.4M
55.6M
-1.2M
-84.7M
-318M
18M
-47.5M
4.7M
11.3M
5.1M
-1.7M
7.6M
-5.7M
12.2M
-1.5M
-9.1M
-2.1M
-505K
-8.6M
-1.8M
178.5M
224.7M
255.7M
144.2M
144.2M
101.7M
32.8M
58.8M
44.8M
43.5M
25.7M
46.8M
20.7M
16.4M
3.1M
-9.6M
1.3M
9M
6.4M
16.6M
INVESTING ACTIVITIES
-21.4M
-17.4M
-44.1M
-18.7M
-18.7M
-14.3M
-7.6M
-8.4M
-5.3M
-3.5M
-2.2M
-2.3M
-755K
-2.4M
-959K
-391K
-986K
-689K
-1.2M
-5.8M
(0.0)
-19.2M
-93.4M
-141.4M
-141.4M
-15.9M
(125K)
-1.6M
(145K)
-28.1M
(0.0)
(0.0)
(0.0)
-67.6M
(0.0)
-25.8M
(0.0)
(0.0)
(0.0)
(0.0)
-28.1M
-13M
-12.5M
-12.8M
-12.8M
-11.7M
-7.3M
-12.5M
-10.9M
-17.1M
-16.7M
-17.1M
-8.2M
-9.7M
-39.1M
-1.5M
-4.5M
-314.7M
-446M
-98.9M
25.4M
13.1M
18.9M
12.5M
12.5M
10.2M
9M
17.4M
9M
10.4M
10.8M
9.7M
5.1M
51.4M
0.0
6M
0.0
365.6M
438M
56M
184K
4.8M
1.8M
1.3M
1.3M
6.5M
1.8M
474K
145K
93K
6M
61K
1.8M
5.3M
1M
13K
28K
0.0
0.0
0.0
-24M
-31.7M
-129.3M
-159.1M
-159.1M
-25.2M
-5.8M
-4.7M
-7.1M
-38.2M
-2.1M
-9.7M
-2.1M
-23.1M
-39M
-21.7M
-5.4M
(50.2M)
-9.2M
-48.7M
FINANCING ACTIVITIES
-148.7M
-109.3M
-103.4M
-59.6M
-59.6M
0.0
0.0
-915K
0.0
0.0
0.0
0.0
2.2M
0.0
0.0
35M
0.0
957K
372K
774K
-311K
-488K
-641K
-9.3M
-9.3M
-19.7M
-26.3M
1M
-4M
-6.1M
-4.1M
-12.4M
-14.1M
-30.2M
36M
0.0
0.0
0.0
0.0
0.0
-148.7M
-109.3M
-103.4M
-59.6M
-59.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(94.4M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
1M
2.1M
1.9M
-375K
3.8M
-1.1M
-114K
-915K
1M
2M
4.2M
408K
0.0
1.5M
1.4M
695K
1M
470K
256K
0.0
-147.9M
-107.7M
-102.2M
-65.1M
-65.1M
-20.8M
-26.4M
124K
-3M
-4.1M
49K
-12M
-11.9M
-28.8M
37.4M
35.7M
1M
1.4M
628K
774K
CASH FLOW SUMMARY
6.6M
85.3M
24.2M
-80M
-80M
55.7M
611K
54.2M
34.8M
1.2M
23.6M
25.1M
6.7M
-35.4M
1.5M
4.4M
-3.1M
60.6M
-2.1M
-31.3M
368.8M
283.5M
259.3M
339.3M
339.3M
199.9M
199.3M
132.5M
97.8M
96.6M
72.9M
47.8M
41.1M
76.5M
75M
70.6M
73.6M
13M
15.1M
46.5M
375.3M
368.8M
283.5M
259.3M
259.3M
255.6M
199.9M
186.8M
132.5M
97.8M
96.6M
72.9M
47.8M
41.1M
76.5M
75M
70.6M
73.6M
13M
15.1M
157.1M
207.3M
211.6M
125.6M
125.6M
87.4M
25.2M
50.4M
39.5M
40M
23.5M
44.5M
20M
14M
2.2M
-9.9M
340K
8.3M
5.2M
10.8M

SEC Filings

CVCO - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 22, 2026
May 21, 2026
2026
10-K

10-K 2026 FY

FY

May 22, 2026
March 28, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 02, 2026
December 27, 2025
2025
8-K

8-K 2026

N/A

January 29, 2026
January 29, 2026
2026
8-K

8-K 2025

N/A

October 31, 2025
October 30, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 31, 2025
September 27, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 27, 2025
2025
8-K

8-K 2025

N/A

September 30, 2025
September 29, 2025
2025
8-K

8-K 2025

N/A

August 04, 2025
July 29, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 04, 2025
June 28, 2025
2025
Showing 1 to 10 of 301 filings