CVCO
CAVCO INDUSTRIES, INC.
Next earnings Jul 29, 2026 · consensus $5.80 EPS, $602M rev
Last earnings +3.6% on 2026-05-22
$618.30
▲ +1.61%$618.30▲ +50.90%
over 1Y
L $403.12EODHDH $697.76
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.6%
1W+5.3%
1M+13.2%
3M+32.6%
YTD+4.5%
1Y+50.9%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 8 analysts
Buy
Debt-free manufactured-housing leader compounding revenue and earnings double-digit with a 17% ROE — quality riding the affordable-housing tailwind at a fair 25x.
Revenue $2.24B · FY2026
The read
Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
Cavco Industries is one of the largest US producers of manufactured and modular homes, with a complementary financial-services arm (lending and insurance). It sits squarely in the path of a powerful structural tailwind: as site-built housing affordability worsens, manufactured housing is the lowest-cost path to homeownership, and Cavco is a scaled, well-run beneficiary. FY2026 results show that quality: revenue grew 11.4% to $2.24B, operating income jumped 20.1% to $229M, and net income rose 11.4% to $191M, for a 23.5% gross margin and a strong 17.3% ROE.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $1.63B | $2.14B | $1.79B | $2.02B | $2.24B |
| Gross profit | $409M | $555M | $427M | $466M | $527M |
| Operating income | $202M | $297M | $179M | $190M | $229M |
| Net income | $198M | $241M | $158M | $171M | $191M |
| Diluted EPS | $21.34 | $26.95 | $18.37 | $20.71 | $23.98 |
| Net margin | 12.1% | 11.2% | 8.8% | 8.5% | 8.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$4.51B
EV / EBITDA17.9
EV / Sales2.0
EV / FCF19.5
P / FCF20.5
PEG (trailing)2.26
Earnings yield4.0%
FCF yield4.9%
Quality & risk
ROIC (est.)16.4%
Free cash flow$232M
Total debt—
Net cash$237M
Altman Z-Score11.06 safe
Piotroski F-Score7/8
Capital returns
Buyback yield3.4%
Dividend yield (est.)—
Shareholder yield3.4%
Shares Δ YoY-4.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-252026-06-26open ↗144Filing2026-06-25open ↗ARSPeriod ending 2026-03-282026-06-16open ↗DEFA14AFiling2026-06-16open ↗DEF 14APeriod ending 2026-03-282026-06-16open ↗4Period ending 2026-06-122026-06-15open ↗4Period ending 2026-06-122026-06-15open ↗144Filing2026-06-15open ↗144Filing2026-06-12open ↗4Period ending 2026-06-092026-06-11open ↗144Filing2026-06-08open ↗4Period ending 2026-05-282026-06-01open ↗
Frequently asked
- Is CAVCO INDUSTRIES, INC. (CVCO) a buy?
- CVCO currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Debt-free manufactured-housing leader compounding revenue and earnings double-digit with a 17% ROE — quality riding the affordable-housing tailwind at a fair 25x.
- What is CVCO's fair value?
- A Modified-Graham model based on CVCO's SEC fundamentals estimates a fair value of about $613.43. It is an estimate from reported earnings, not a price target.
- Is CVCO overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CVCO currently appears fairly valued relative to its SEC-grounded earnings power.
- What is CAVCO INDUSTRIES, INC.'s quality score?
- CVCO scores 71.76470588235293/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000278166, latest 10-K filed 2026-05-22) · EODHD · analysis by claude-code · as of 6/21/2026, 8:59:52 PM.
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