Cavco Industries, Inc.
Consumer CyclicalNASDAQ:CVCO · NASDAQ Global Select
-$6.19 today
Vol 0.10M · Avg 0.14M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$2.2B of revenue converted into $190.6M of net income for the selected period. Gross margin is 23.5% and net margin is 8.5%, showing how much revenue survives after costs and taxes. EPS is $23.97, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B +11.4% | $2.0B +12.3% | $1.8B -16.2% | $2.1B +31.7% | $1.6B | $1.0B | $809.6M | $921.6M |
| Cost of Revenue | $1.7B +10.8% | $1.5B +13.3% | $1.4B -13.8% | $1.6B +30.3% | $1.2B | $344.8M | $725.6M | $804.0M |
| Gross Profit | $526.9M +13.2% | $465.6M +9.1% | $426.9M -23.1% | $554.9M +35.8% | $408.7M | $10.3B | $8.9B | $7.6B |
| Gross Margin | 23.5% +0.4pp | 23.1% -0.7pp | 23.8% -2.1pp | 25.9% +0.8pp | 25.1% | 45.5% | 9.8% | 28.9% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $378.4M | $983.2M | $1.3B |
| Selling, General & Admin | $298.3M +8.4% | $275.3M +11.0% | $247.9M -4.0% | $258.3M +25.2% | $206.3M | $1.4B | $620.6M | $923.0M |
| Operating Expenses | $298.3M +8.4% | $275.3M +11.0% | $247.9M -4.0% | $258.3M +25.2% | $206.3M | $3.6B | $5.3B | $7.0B |
| Depreciation & Amortization | $23.0M +19.6% | $19.3M +4.0% | $18.5M +9.6% | $16.9M +53.4% | $11.0M | $1.2B | $374.2M | $1.2B |
| EBITDA | $268.3M +16.2% | $230.8M +5.2% | $219.4M -32.4% | $324.6M +45.1% | $223.7M | $12.6B | -$15.2B | $6.8B |
| EBITDA Margin | 12.0% +0.5pp | 11.5% -0.8pp | 12.2% -2.9pp | 15.1% +1.4pp | 13.7% | 10.0% | 5.6% | 46.3% |
| Operating Income | $228.6M +20.1% | $190.3M +6.3% | $179.0M -39.7% | $296.6M +46.5% | $202.5M | $10.6B | $12.3B | $14.0B |
| Operating Margin | 10.2% +0.7pp | 9.4% -0.5pp | 10.0% -3.9pp | 13.8% +1.4pp | 12.4% | 18.7% | 16.6% | 24.1% |
| Interest Income | $16.3M -22.5% | $21.1M +0.4% | $21.0M +96.6% | $10.7M +201.9% | $3.5M | $1.3B | -$1.5B | -$1.6B |
| Interest Expense | $541.0K +4.6% | $517.0K -68.6% | $1.6M +81.2% | $910.0K +29.6% | $702.0K | $969.2M | $1.1B | $1.0B |
| Other Income / Expenses | $16.1M -22.4% | $20.8M +3.0% | $20.2M +98.9% | $10.2M +7.0% | $9.5M | -$1.6B | -$1.5B | $1.4B |
| Income Before Tax | $244.7M +15.9% | $211.1M +6.0% | $199.2M -35.1% | $306.8M +44.7% | $212.0M | -$15.6B | $3.3B | $4.9B |
| Pre-Tax Margin | 10.9% +0.4pp | 10.5% -0.6pp | 11.1% -3.2pp | 14.3% +1.3pp | 13.0% | 13.3% | 20.8% | 18.7% |
| Income Tax Expense | $54.1M +35.3% | $40.0M -3.0% | $41.3M -37.4% | $65.9M +362.7% | $14.2M | $666.8M | $1.3B | -$1.6B |
| Net Income | $190.6M +11.4% | $171.0M +8.4% | $157.8M -34.4% | $240.6M +21.7% | $197.7M | $5.0B | $4.9B | $4.8B |
| Net Margin | 8.5% +0.0pp | 8.5% -0.3pp | 8.8% -2.4pp | 11.2% -0.9pp | 12.1% | 7.4% | 12.4% | 17.5% |
| EPS (Basic) | $24 +15.7% | $21 +13.0% | $19 -31.8% | $27 +26.3% | $22 | $1.2B | $400.8M | $703.2M |
| EPS (Diluted) | $24 +15.8% | $21 +12.7% | $18 -31.8% | $27 +26.3% | $21 | $620.6M | $766.2M | $609.4M |
| Weighted Avg Shares | $7.9M -3.7% | $8.2M -4.1% | $8.5M -3.8% | $8.8M -3.6% | $9.2M | $892.2M | $757.8M | $925.8M |
| Weighted Avg Shares (Diluted) | $7.9M -3.8% | $8.3M -3.9% | $8.6M -3.7% | $8.9M -3.7% | $9.3M | $319.6M | $1.2B | $924.4M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Acushnet Holdings Corp.
NYSE:GOLF
$5.75B
Rush Enterprises, Inc.
NASDAQ:RUSHA
$5.44B
Sonoco Products Company
NYSE:SON
$5.00B
Choice Hotels International, Inc.
NYSE:CHH
$4.98B
Meritage Homes Corporation
NYSE:MTH
$4.97B
Kontoor Brands, Inc.
NYSE:KTB
$4.37B
Champion Homes, Inc.
NYSE:SKY
$4.32B
Dorman Products, Inc.
NASDAQ:DORM
$3.82B
M/I Homes, Inc.
NYSE:MHO
$3.64B
KB Home
NYSE:KBH
$3.38B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CVCO generate?
Cavco Industries, Inc. (CVCO) reported $2.24B of revenue in fiscal 2026.
Is CVCO profitable?
Cavco Industries, Inc. (CVCO) reported $190.55M of net income, with a net margin of 8.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.