Cavco Industries (CVCO) Financials

$519.77 +1.89 (+0.36%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Cavco Industries

This table shows Cavco Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Net Income / (Loss) Attributable to Common Shareholders	158	241	198	77	75	69	62	38	29	24
Consolidated Net Income / (Loss)	158	241	198	77	75	69	62	38	29	24
Net Income / (Loss) Continuing Operations	158	241	198	77	75	69	62	38	29	24
Total Pre-Tax Income	199	307	212	97	93	87	79	55	44	37
Total Operating Income	179	297	202	89	85	84	74	57	46	38
Total Gross Profit	427	555	409	239	231	206	181	158	144	126
Total Revenue	1,795	2,143	1,627	1,108	1,062	963	871	774	712	567
Operating Revenue	1,795	2,143	1,627	1,108	1,062	963	871	774	712	567
Total Cost of Revenue	1,368	1,588	1,218	869	831	757	691	616	568	441
Operating Cost of Revenue	1,368	1,588	1,218	869	831	757	691	616	568	441
Total Operating Expenses	248	258	206	150	146	122	107	101	98	88
Selling, General & Admin Expense	248	258	206	150	146	122	107	101	98	88
Total Other Income / (Expense), net	20	10	9.49	8.09	8.07	2.54	4.75	-1.53	-2.31	-1.15
Interest Expense	1.65	0.91	0.70	0.74	1.50	3.44	4.40	4.44	4.36	4.59
Interest & Investment Income	21	11	3.54	2.14	-	-	-	-	-	-
Other Income / (Expense), net	0.85	0.39	6.66	6.68	9.57	5.98	9.15	2.92	2.05	3.44
Income Tax Expense	41	66	14	20	18	18	17	17	15	14
Net Income / (Loss) Attributable to Noncontrolling Interest	0.09	0.29	0.04	0.00	-	-	-	-	-	-
Basic Earnings per Share	$18.55	$27.20	$21.54	$8.34	$8.22	$7.56	$6.82	$4.23	$3.21	$2.69
Weighted Average Basic Shares Outstanding	8.51M	8.84M	9.18M	9.19M	9.13M	9.08M	9.02M	8.98M	8.89M	8.85M
Diluted Earnings per Share	$18.37	$26.95	$21.34	$8.25	$8.10	$7.40	$6.68	$4.17	$3.15	$2.64
Weighted Average Diluted Shares Outstanding	8.59M	8.92M	9.26M	9.29M	9.27M	9.27M	9.20M	9.11M	9.05M	9.02M
Weighted Average Basic & Diluted Shares Outstanding	8.28M	8.67M	8.89M	9.18M	9.17M	9.10M	9M	9M	8.90M	8.90M

This table shows Cavco Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Net Income / (Loss) Attributable to Common Shareholders	56	44	34	34	36	42	46	47	60	74	60
Consolidated Net Income / (Loss)	56	44	34	34	36	42	46	47	60	74	60
Net Income / (Loss) Continuing Operations	56	44	34	34	36	42	46	47	60	74	60
Total Pre-Tax Income	69	55	44	43	44	52	61	59	76	93	79
Total Operating Income	64	49	39	38	40	45	56	54	73	91	79
Total Gross Profit	130	116	103	99	103	107	118	121	132	158	145
Total Revenue	522	507	478	420	447	452	476	476	501	577	588
Operating Revenue	522	507	478	420	447	452	476	476	501	577	588
Total Cost of Revenue	392	391	374	321	344	345	358	356	369	420	444
Operating Cost of Revenue	392	391	374	321	344	345	358	356	369	420	444
Total Operating Expenses	66	67	65	61	63	62	62	66	59	67	66
Selling, General & Admin Expense	66	67	65	61	63	62	62	66	59	67	66
Total Other Income / (Expense), net	5.37	5.83	5.31	5.34	4.17	6.21	4.48	4.31	3.02	2.11	0.72
Interest Expense	0.16	0.13	0.09	0.28	0.84	0.26	0.27	0.30	0.22	0.23	0.16
Interest & Investment Income	5.35	5.69	5.51	5.33	5.23	5.81	4.62	3.93	3.58	1.85	1.31
Other Income / (Expense), net	0.17	0.26	-0.11	0.29	-0.22	0.66	0.13	0.68	-0.35	0.49	-0.43
Income Tax Expense	13	11	9.43	9.00	7.92	10	14	11	16	19	20
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	-	0.00	0.03	0.05	0.05	0.07	0.08	0.09
Basic Earnings per Share	$6.97	$5.33	$4.15	$4.09	$4.31	$4.80	$5.35	$5.49	$6.71	$8.32	$6.68
Weighted Average Basic Shares Outstanding	8.10M	8.23M	8.29M	8.51M	8.36M	8.66M	8.67M	8.84M	8.87M	8.90M	8.92M
Diluted Earnings per Share	$6.90	$5.28	$4.11	$4.05	$4.27	$4.76	$5.29	$5.41	$6.66	$8.25	$6.63
Weighted Average Diluted Shares Outstanding	8.19M	8.31M	8.37M	8.59M	8.43M	8.73M	8.76M	8.92M	8.94M	8.98M	8.99M
Weighted Average Basic & Diluted Shares Outstanding	8.01M	8.11M	8.25M	8.28M	8.35M	8.33M	8.68M	8.67M	8.69M	8.91M	8.89M

This table details how cash moves in and out of Cavco Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Net Change in Cash & Equivalents	85	24	-80	84	56	0.61	54	36	1.17	24
Net Cash From Operating Activities	225	256	144	114	102	33	59	46	44	26
Net Cash From Continuing Operating Activities	225	256	144	114	102	33	59	46	44	26
Net Income / (Loss) Continuing Operations	158	241	198	77	75	69	62	38	29	24
Consolidated Net Income / (Loss)	158	241	198	77	75	69	62	38	29	24
Depreciation Expense	19	17	11	6.32	5.78	4.70	4.03	3.69	3.92	3.76
Non-Cash Adjustments To Reconcile Net Income	211	290	255	-0.58	2.61	7.79	-7.28	-9.16	6.89	-4.52
Changes in Operating Assets and Liabilities, net	-163	-292	-320	32	18	-48	0.72	13	4.19	2.65
Net Cash From Investing Activities	-32	-129	-159	-23	-25	-5.82	-4.67	-7.06	-38	-2.10
Net Cash From Continuing Investing Activities	-32	-129	-159	-23	-25	-5.82	-4.67	-7.06	-38	-2.10
Purchase of Property, Plant & Equipment	-17	-44	-19	-26	-14	-7.64	-8.39	-5.30	-3.52	-2.21
Acquisitions	-19	-106	-141	0.00	-16	0.00	-1.64	0.00	-28	0.00
Purchase of Investments	-13	-13	-13	-18	-12	-7.34	-13	-11	-17	-17
Sale of Property, Plant & Equipment	4.81	1.82	1.33	0.24	6.54	0.13	0.47	0.15	0.09	6.04
Sale and/or Maturity of Investments	13	31	12	19	10	9.03	17	9.02	10	11
Net Cash From Financing Activities	-108	-102	-65	-6.98	-21	-26	0.12	-2.96	-4.15	0.05
Net Cash From Continuing Financing Activities	-108	-102	-65	-6.98	-21	-26	0.12	-2.96	-4.15	0.05
Repayment of Debt	-0.49	-0.64	-9.38	-2.79	-20	-27	-8.04	-8.23	-7.51	-7.70
Repurchase of Common Equity	-109	-103	-60	-1.44	0.00	0.00	-	-	-	-
Payment of Dividends	-0.42	-0.78	-0.38	0.00	0.00	-	-	-	-	-
Issuance of Debt	0.00	0.00	0.11	0.06	0.23	0.39	9.08	4.27	1.38	3.57
Other Financing Activities, net	2.51	2.64	4.16	-2.82	-1.07	-0.11	-0.92	1.01	1.98	4.18
Cash Interest Paid	0.80	0.62	0.45	0.47	0.74	2.30	2.91	3.40	3.86	4.10
Cash Income Taxes Paid	37	82	31	19	19	20	17	18	15	7.37

This table details how cash moves in and out of Cavco Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Net Change in Cash & Equivalents	-7.59	7.28	10	2.15	-28	29	83	-103	38	95	-6.37
Net Cash From Operating Activities	38	55	47	19	46	78	82	26	67	105	58
Net Cash From Continuing Operating Activities	38	55	47	19	46	78	82	26	67	105	58
Net Income / (Loss) Continuing Operations	56	44	34	34	36	42	46	47	60	74	60
Consolidated Net Income / (Loss)	56	44	34	34	36	42	46	47	60	74	60
Depreciation Expense	4.78	4.76	4.76	4.67	4.62	4.67	4.57	4.73	3.89	4.34	3.95
Non-Cash Adjustments To Reconcile Net Income	43	53	39	113	47	58	68	210	31	28	22
Changes in Operating Assets and Liabilities, net	-67	-47	-30	-133	-42	-26	-36	-236	-27	-1.37	-28
Net Cash From Investing Activities	-2.95	-5.68	-5.35	-5.17	-20	-8.51	2.09	-100	5.73	-11	-24
Net Cash From Continuing Investing Activities	-2.95	-5.68	-5.35	-5.17	-20	-8.51	2.09	-100	5.73	-11	-24
Purchase of Property, Plant & Equipment	-5.43	-4.88	-4.98	-4.18	-4.77	-4.29	-4.18	-3.26	-7.66	-8.18	-25
Purchase of Investments	-9.16	-7.89	-4.55	-5.62	-0.91	-4.79	-1.71	-2.34	-0.46	-5.51	-4.23
Sale of Property, Plant & Equipment	0.07	0.12	0.01	0.29	0.02	0.06	4.43	1.41	0.00	0.12	0.28
Sale and/or Maturity of Investments	12	6.97	4.16	3.84	3.93	1.81	3.55	9.70	14	3.04	4.55
Net Cash From Financing Activities	-42	-42	-32	-11	-54	-41	-1.49	-28	-35	0.99	-40
Net Cash From Continuing Financing Activities	-42	-42	-32	-11	-54	-41	-1.49	-28	-35	0.99	-40
Repayment of Debt	-0.08	-0.13	-0.05	-0.05	-0.15	-0.14	-0.16	-0.09	-0.16	-0.23	-0.17
Repurchase of Common Equity	-42	-43	-29	-13	-56	-41	0.00	-30	-34	-	-39
Other Financing Activities, net	-0.17	1.22	-2.35	1.31	1.93	0.48	-1.21	2.12	-0.09	1.46	-0.85
Cash Income Taxes Paid	15	14	4.72	7.98	10	11	8.12	11	23	30	18

This table presents Cavco Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Total Assets	1,354	1,308	1,155	952	810	725	675	607	554	503
Total Current Assets	852	805	744	652	516	462	419	357	299	265
Cash & Equivalents	353	271	244	322	242	187	187	133	98	97
Restricted Cash	15	12	15	17	13	12	11	12	10	10.00
Short-Term Investments	18	15	20	19	15	13	12	11	10	7.11
Note & Lease Receivable	107	105	53	52	47	45	37	39	25	26
Accounts Receivable	77	89	96	52	44	41	35	29	29	27
Inventories, net	241	263	244	131	114	116	109	94	95	75
Prepaid Expenses	83	93	72	58	42	45	28	30	22	14
Plant, Property, & Equipment, net	224	228	164	97	77	63	63	57	55	45
Total Noncurrent Assets	326	333	247	203	217	200	193	194	200	192
Long-Term Investments	17	19	35	35	32	32	34	30	29	25
Noncurrent Note & Lease Receivables	119	143	65	62	81	84	75	83	90	90
Goodwill	122	115	101	75	75	73	83	80	80	77
Intangible Assets	28	30	28	14	15	9.78	-	-	-	-
Other Noncurrent Operating Assets	39	27	17	16	14	0.00	-	-	-	-
Other Noncurrent Nonoperating Assets	0.59	0.34	0.34	0.34	0.34	0.35	1.26	0.72	1.08	1.08
Total Liabilities & Shareholders' Equity	1,354	1,308	1,155	952	810	725	675	607	554	503
Total Liabilities	321	330	324	268	203	196	218	213	201	182
Total Current Liabilities	273	293	294	237	172	174	176	140	125	101
Accounts Payable	34	31	43	32	30	29	24	24	19	18
Accrued Expenses	240	263	251	203	140	125	127	110	100	77
Total Noncurrent Liabilities	47	37	30	31	31	22	41	73	76	81
Noncurrent Deferred & Payable Income Tax Liabilities	4.58	7.58	5.53	7.39	7.30	7.00	7.58	21	21	21
Other Noncurrent Operating Liabilities	43	29	24	13	11	0.00	-	-	-	-
Total Equity & Noncontrolling Interests	1,033	978	831	684	608	530	457	394	353	320
Total Preferred & Common Equity	1,033	976	830	684	608	530	457	394	353	320
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,033	976	830	684	608	530	457	394	353	320
Common Stock	281	272	263	254	252	250	246	245	242	238
Retained Earnings	1,027	869	629	431	355	280	209	148	110	82
Treasury Stock	-275	-164	-61	-1.44	0.00	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-0.33	-0.62	-0.40	0.10	0.09	-0.03	1.44	1.39	1.29	0.50

This table presents Cavco Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	12/30/2023	9/30/2023	7/1/2023	12/31/2022	10/1/2022	7/2/2022	1/1/2022
Total Assets	1,386	1,398	1,381	1,327	1,369	1,353	1,264	1,265	1,184	1,112
Total Current Assets	878	902	878	833	875	859	833	820	748	704
Cash & Equivalents	363	364	359	353	377	352	376	333	238	267
Restricted Cash	15	22	19	13	17	14	9.91	15	15	16
Short-Term Investments	16	25	21	17	14	14	17	16	16	21
Note & Lease Receivable	106	110	113	63	61	64	48	51	55	55
Accounts Receivable	92	94	85	71	89	85	80	97	108	65
Inventories, net	243	244	245	237	244	254	215	234	255	200
Prepaid Expenses	79	83	78	80	73	76	86	74	62	80
Plant, Property, & Equipment, net	226	225	225	224	224	224	194	190	186	158
Total Noncurrent Assets	340	322	332	269	270	271	238	255	250	251
Long-Term Investments	18	13	15	16	21	18	22	38	37	35
Noncurrent Note & Lease Receivables	137	123	129	66	69	81	71	72	67	68
Goodwill	122	122	122	121	116	115	101	101	101	102
Intangible Assets	27	27	28	29	29	29	27	27	28	29
Other Noncurrent Operating Assets	35	36	38	37	34	26	17	16	17	16
Other Noncurrent Nonoperating Assets	0.59	0.59	0.59	0.59	0.59	0.59	0.34	0.34	0.34	0.34
Total Liabilities & Shareholders' Equity	1,386	1,398	1,381	1,327	1,369	1,353	1,264	1,265	1,184	1,112
Total Liabilities	329	356	342	318	350	329	308	335	332	305
Total Current Liabilities	285	311	296	271	305	293	278	306	305	273
Accounts Payable	26	39	31	24	41	29	27	43	45	34
Accrued Expenses	259	272	265	247	264	265	252	263	260	238
Total Noncurrent Liabilities	43	45	46	47	44	36	30	29	27	32
Noncurrent Deferred & Payable Income Tax Liabilities	4.64	4.73	4.60	5.79	5.74	5.70	8.66	6.05	3.06	8.54
Other Noncurrent Operating Liabilities	39	40	42	41	38	30	21	23	24	12
Total Equity & Noncontrolling Interests	1,057	1,042	1,039	1,009	1,019	1,024	956	930	852	807
Total Preferred & Common Equity	1,057	1,042	1,039	1,009	1,019	1,023	956	929	852	806
Preferred Stock	0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.00	1.00	0.00
Total Common Equity	1,057	1,042	1,039	1,009	1,019	1,023	956	929	852	806
Common Stock	287	285	281	278	274	272	269	267	264	262
Retained Earnings	1,162	1,105	1,062	993	957	916	822	762	688	575
Treasury Stock	-391	-348	-304	-262	-212	-164	-134	-100	-100	-31
Accumulated Other Comprehensive Income / (Loss)	-0.15	-0.08	-0.28	-0.36	-0.60	-0.66	-0.74	-0.82	-0.52	-0.04

This table displays calculated financial ratios and metrics derived from Cavco Industries' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.24%	31.68%	46.85%	4.36%	10.29%	10.50%	12.59%	8.63%	25.71%	6.25%
EBITDA Growth	-36.81%	42.57%	116.21%	1.57%	5.74%	9.05%	37.12%	21.21%	14.54%	24.61%
EBIT Growth	-39.45%	42.00%	119.00%	1.09%	4.83%	8.68%	38.84%	23.42%	15.45%	28.37%
NOPAT Growth	-39.07%	23.28%	168.88%	2.48%	2.91%	15.28%	48.15%	29.83%	22.36%	15.68%
Net Income Growth	-34.44%	21.80%	157.99%	2.10%	9.39%	11.58%	62.04%	32.98%	19.83%	27.32%
EPS Growth	-31.84%	26.29%	158.67%	1.85%	9.46%	10.78%	60.19%	32.38%	19.32%	36.08%
Operating Cash Flow Growth	-12.13%	77.29%	26.48%	12.08%	209.83%	-44.31%	28.77%	5.16%	69.44%	-45.04%
Free Cash Flow Firm Growth	1,563.99%	51.67%	-129.23%	39.55%	179.90%	-55.81%	31.47%	246.62%	-61.74%	-29.88%
Invested Capital Growth	-5.54%	47.48%	71.16%	-5.85%	1.50%	16.10%	2.33%	-0.09%	7.56%	-1.99%
Revenue Q/Q Growth	-3.04%	-1.34%	13.93%	4.84%	1.36%	-0.15%	5.39%	2.75%	5.33%	1.80%
EBITDA Q/Q Growth	-7.94%	-4.50%	31.15%	15.86%	-11.08%	-4.95%	19.83%	9.33%	3.63%	5.72%
EBIT Q/Q Growth	-8.66%	-4.88%	31.10%	17.07%	-11.96%	-5.37%	20.77%	10.13%	3.76%	6.56%
NOPAT Q/Q Growth	-9.07%	-4.68%	18.40%	-8.04%	-8.13%	0.21%	13.92%	10.96%	3.35%	7.54%
Net Income Q/Q Growth	-7.84%	-2.45%	16.62%	20.85%	-9.60%	-3.06%	22.39%	11.45%	3.76%	7.90%
EPS Q/Q Growth	-6.89%	-1.39%	16.87%	20.79%	-9.80%	-3.01%	22.12%	11.20%	3.96%	5.18%
Operating Cash Flow Q/Q Growth	-3.02%	2.95%	-2.84%	-8.76%	19.98%	-46.62%	91.45%	22.86%	0.95%	-31.90%
Free Cash Flow Firm Q/Q Growth	134.65%	-106.54%	32.26%	-31.80%	17.71%	-49.47%	85.10%	23.63%	-14.77%	-20.23%
Invested Capital Q/Q Growth	18.21%	43.41%	7.78%	7.23%	-4.47%	0.20%	-7.42%	-1.90%	-0.57%	-1.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.79%	25.90%	25.12%	21.57%	21.71%	21.37%	20.74%	20.42%	20.28%	22.26%
EBITDA Margin	11.05%	14.65%	13.53%	9.19%	9.44%	9.85%	9.98%	8.19%	7.34%	8.06%
Operating Margin	9.97%	13.84%	12.44%	8.02%	8.00%	8.74%	8.47%	7.34%	6.51%	6.79%
EBIT Margin	10.02%	13.86%	12.85%	8.62%	8.90%	9.36%	9.52%	7.72%	6.79%	7.40%
Profit (Net Income) Margin	8.80%	11.24%	12.15%	6.92%	7.07%	7.13%	7.06%	4.91%	4.01%	4.20%
Tax Burden Percent	79.28%	78.51%	93.28%	79.09%	80.73%	79.17%	78.32%	68.66%	64.82%	63.81%
Interest Burden Percent	110.76%	103.29%	101.36%	101.47%	98.42%	96.18%	94.70%	92.56%	90.98%	89.06%
Effective Tax Rate	20.72%	21.49%	6.72%	20.91%	19.27%	20.83%	21.68%	31.34%	35.18%	36.19%
Return on Invested Capital (ROIC)	19.14%	36.41%	46.13%	22.56%	21.53%	22.65%	21.47%	14.66%	11.69%	9.82%
ROIC Less NNEP Spread (ROIC-NNEP)	13.08%	33.39%	43.59%	20.65%	18.92%	21.64%	19.10%	15.63%	13.57%	11.15%
Return on Net Nonoperating Assets (RNNOA)	-3.44%	-9.78%	-20.02%	-10.69%	-8.33%	-8.74%	-7.03%	-4.50%	-3.22%	-2.02%
Return on Equity (ROE)	15.70%	26.63%	26.11%	11.87%	13.20%	13.91%	14.45%	10.15%	8.48%	7.80%
Cash Return on Invested Capital (CROIC)	24.84%	-1.97%	-6.36%	28.59%	20.04%	7.75%	19.16%	14.74%	4.41%	11.83%
Operating Return on Assets (OROA)	13.51%	24.12%	19.86%	10.84%	12.30%	12.87%	12.94%	10.29%	9.16%	8.63%
Return on Assets (ROA)	11.86%	19.56%	18.77%	8.70%	9.78%	9.80%	9.59%	6.54%	5.40%	4.90%
Return on Common Equity (ROCE)	15.70%	26.60%	26.09%	11.87%	13.20%	13.91%	14.45%	10.15%	8.48%	7.80%
Return on Equity Simple (ROE_SIMPLE)	15.28%	24.67%	23.81%	11.21%	12.35%	12.96%	13.45%	9.62%	8.08%	7.44%
Net Operating Profit after Tax (NOPAT)	142	233	189	70	69	67	58	39	30	25
NOPAT Margin	7.91%	10.87%	11.61%	6.34%	6.46%	6.92%	6.63%	5.04%	4.22%	4.33%
Net Nonoperating Expense Percent (NNEP)	6.06%	3.01%	2.54%	1.91%	2.61%	1.01%	2.38%	-0.97%	-1.88%	-1.33%
Cost of Revenue to Revenue	76.21%	74.10%	74.88%	78.43%	78.29%	78.63%	79.26%	79.58%	79.72%	77.74%
SG&A Expenses to Revenue	13.81%	12.06%	12.68%	13.55%	13.71%	12.63%	12.27%	13.08%	13.77%	15.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.81%	12.06%	12.68%	13.55%	13.71%	12.63%	12.27%	13.08%	13.77%	15.47%
Earnings before Interest and Taxes (EBIT)	180	297	209	96	94	90	83	60	48	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	198	314	220	102	100	95	87	63	52	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.22	2.83	2.69	3.13	2.23	2.02	3.43	2.65	2.35	2.08
Price to Tangible Book Value (P/TBV)	3.77	3.32	3.19	3.60	2.62	2.39	4.20	3.33	3.04	2.73
Price to Revenue (P/Rev)	1.86	1.29	1.37	1.93	1.28	1.11	1.80	1.35	1.17	1.17
Price to Earnings (P/E)	21.11	11.48	11.30	27.87	18.08	15.58	25.53	27.58	29.10	27.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.74%	8.71%	8.85%	3.59%	5.53%	6.42%	3.92%	3.63%	3.44%	3.58%
Enterprise Value to Invested Capital (EV/IC)	4.06	3.21	3.72	5.81	3.34	2.72	5.09	3.46	2.80	2.40
Enterprise Value to Revenue (EV/Rev)	1.63	1.14	1.18	1.58	1.01	0.89	1.59	1.19	1.05	1.05
Enterprise Value to EBITDA (EV/EBITDA)	14.76	7.79	8.73	17.24	10.68	9.06	15.95	14.50	14.24	12.99
Enterprise Value to EBIT (EV/EBIT)	16.28	8.24	9.19	18.38	11.34	9.53	16.72	15.39	15.39	14.15
Enterprise Value to NOPAT (EV/NOPAT)	20.63	10.51	10.17	24.98	15.62	12.90	24.00	23.57	24.79	24.16
Enterprise Value to Operating Cash Flow (EV/OCF)	13.03	9.57	13.32	15.39	10.53	26.17	23.51	20.07	17.10	23.08
Enterprise Value to Free Cash Flow (EV/FCFF)	15.89	0.00	0.00	19.71	16.79	37.70	26.88	23.43	65.80	20.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.02	0.02	0.06	0.13	0.15	0.17	0.21
Long-Term Debt to Equity	0.00	0.00	0.00	0.02	0.02	0.03	0.07	0.13	0.16	0.19
Financial Leverage	-0.26	-0.29	-0.46	-0.52	-0.44	-0.40	-0.37	-0.29	-0.24	-0.18
Leverage Ratio	1.32	1.36	1.39	1.36	1.35	1.42	1.51	1.55	1.57	1.59
Compound Leverage Factor	1.47	1.41	1.41	1.38	1.33	1.36	1.43	1.44	1.43	1.42
Debt to Total Capital	0.00%	0.00%	0.00%	1.75%	2.40%	6.06%	11.57%	12.82%	14.76%	17.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.27%	0.36%	3.46%	5.04%	1.42%	1.51%	1.70%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.49%	2.04%	2.59%	6.53%	11.40%	13.25%	15.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.12%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	99.88%	99.90%	98.25%	97.60%	93.94%	88.43%	87.18%	85.24%	82.70%
Debt to EBITDA	0.00	0.00	0.00	0.12	0.15	0.36	0.69	0.91	1.17	1.47
Net Debt to EBITDA	0.00	0.00	0.00	-3.74	-2.86	-2.22	-2.11	-2.01	-1.64	-1.57
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.10	0.13	0.15	0.39	0.81	1.05	1.32
Debt to NOPAT	0.00	0.00	0.00	0.17	0.22	0.51	1.04	1.49	2.04	2.73
Net Debt to NOPAT	0.00	0.00	0.00	-5.43	-4.18	-3.15	-3.18	-3.27	-2.86	-2.91
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.15	0.19	0.22	0.58	1.32	1.83	2.46
Altman Z-Score	9.57	8.80	7.38	7.43	6.83	6.03	6.89	5.32	4.71	4.21
Noncontrolling Interest Sharing Ratio	0.06%	0.11%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.12	2.74	2.53	2.75	3.00	2.66	2.37	2.54	2.39	2.62
Quick Ratio	2.03	1.64	1.41	1.88	2.02	1.64	1.53	1.51	1.30	1.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	184	-13	-26	89	64	23	52	39	11	30
Operating Cash Flow to CapEx	1,780.93%	604.62%	832.51%	450.77%	1,304.49%	437.17%	745.27%	889.15%	1,270.96%	0.00%
Free Cash Flow to Firm to Interest Expense	111.68	-13.82	-37.08	120.64	42.67	6.62	11.73	8.83	2.59	6.45
Operating Cash Flow to Interest Expense	136.25	280.98	205.45	154.51	68.05	9.53	13.41	10.31	9.98	5.60
Operating Cash Flow Less CapEx to Interest Expense	128.60	234.51	180.77	120.24	62.83	7.35	11.61	9.15	9.19	6.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.74	1.54	1.26	1.38	1.38	1.36	1.33	1.35	1.17
Accounts Receivable Turnover	21.56	23.11	21.97	23.17	25.00	25.20	27.02	26.43	25.39	23.73
Inventory Turnover	5.42	6.26	6.49	7.10	7.24	6.72	6.80	6.53	6.68	6.07
Fixed Asset Turnover	7.93	10.92	12.48	12.74	15.10	15.18	14.48	13.81	14.28	12.19
Accounts Payable Turnover	42.57	43.02	32.40	28.01	28.07	28.52	28.90	28.96	31.27	26.62
Days Sales Outstanding (DSO)	16.93	15.79	16.61	15.75	14.60	14.48	13.51	13.81	14.37	15.38
Days Inventory Outstanding (DIO)	67.31	58.29	56.20	51.40	50.44	54.33	53.65	55.92	54.68	60.10
Days Payable Outstanding (DPO)	8.57	8.48	11.26	13.03	13.00	12.80	12.63	12.60	11.67	13.71
Cash Conversion Cycle (CCC)	75.66	65.60	61.55	54.12	52.03	56.01	54.53	57.13	57.38	61.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	720	762	517	302	321	316	272	266	266	248
Invested Capital Turnover	2.42	3.35	3.97	3.56	3.33	3.27	3.24	2.91	2.77	2.27
Increase / (Decrease) in Invested Capital	-42	245	215	-19	4.75	44	6.21	-0.23	19	-5.03
Enterprise Value (EV)	2,927	2,447	1,921	1,755	1,071	859	1,387	919	745	593
Market Capitalization	3,331	2,762	2,234	2,136	1,357	1,069	1,570	1,047	831	665
Book Value per Share	$123.81	$112.30	$90.63	$74.37	$66.46	$58.21	$50.58	$43.86	$39.63	$36.14
Tangible Book Value per Share	$105.82	$95.70	$76.50	$64.64	$56.59	$49.12	$41.40	$34.96	$30.61	$27.48
Total Capital	1,033	978	831	696	623	564	517	452	414	387
Total Debt	0.00	0.00	0.00	12	15	34	60	58	61	67
Total Long-Term Debt	0.00	0.00	0.00	10	13	15	34	52	55	60
Net Debt	-404	-317	-314	-381	-286	-210	-184	-128	-86	-72
Capital Expenditures (CapEx)	13	42	17	25	7.80	7.51	7.91	5.15	3.43	-3.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	192	213	171	58	76	95	58	68	62	57
Debt-free Net Working Capital (DFNWC)	579	511	450	417	346	308	268	223	180	171
Net Working Capital (NWC)	579	511	450	415	344	288	242	217	174	164
Net Nonoperating Expense (NNE)	-16	-7.97	-8.86	-6.40	-6.52	-2.01	-3.72	1.05	1.50	0.73
Net Nonoperating Obligations (NNO)	-313	-215	-314	-382	-287	-214	-185	-128	-87	-73
Total Depreciation and Amortization (D&A)	19	17	11	6.32	5.78	4.70	4.03	3.69	3.92	3.76
Debt-free, Cash-free Net Working Capital to Revenue	10.70%	9.94%	10.50%	5.24%	7.20%	9.91%	6.71%	8.73%	8.67%	10.04%
Debt-free Net Working Capital to Revenue	32.23%	23.86%	27.65%	37.59%	32.62%	31.95%	30.80%	28.81%	25.25%	30.10%
Net Working Capital to Revenue	32.23%	23.86%	27.65%	37.43%	32.41%	29.92%	27.81%	27.99%	24.37%	28.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$18.55	$27.20	$21.54	$8.34	$8.22	$7.56	$6.82	$4.23	$3.21	$2.69
Adjusted Weighted Average Basic Shares Outstanding	8.51M	8.84M	9.18M	9.19M	9.13M	9.08M	9.02M	8.98M	8.89M	8.85M
Adjusted Diluted Earnings per Share	$18.37	$26.95	$21.34	$8.25	$8.10	$7.40	$6.68	$4.17	$3.15	$2.64
Adjusted Weighted Average Diluted Shares Outstanding	8.59M	8.92M	9.26M	9.29M	9.27M	9.27M	9.20M	9.11M	9.05M	9.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.28M	8.67M	8.89M	9.18M	9.17M	9.10M	9.04M	9.02M	8.94M	8.87M
Normalized Net Operating Profit after Tax (NOPAT)	142	233	189	70	69	67	58	39	30	25
Normalized NOPAT Margin	7.91%	10.87%	11.61%	6.34%	6.46%	6.92%	6.63%	5.04%	4.22%	4.33%
Pre Tax Income Margin	11.10%	14.32%	13.03%	8.75%	8.76%	9.00%	9.01%	7.14%	6.18%	6.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	109.05	326.37	297.94	129.41	63.19	26.17	18.86	13.44	11.09	9.14
NOPAT to Interest Expense	86.05	255.90	269.07	95.19	45.85	19.34	13.14	8.78	6.89	5.35
EBIT Less CapEx to Interest Expense	101.40	279.89	273.26	95.13	57.98	23.99	17.06	12.28	10.31	9.97
NOPAT Less CapEx to Interest Expense	78.40	209.43	244.39	60.91	40.64	17.16	11.34	7.62	6.10	6.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.27%	0.32%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	69.49%	43.26%	30.33%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Cavco Industries' official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.85%	12.26%	0.36%	-11.81%	-10.75%	-21.71%	-19.12%	-5.76%	15.96%	60.59%	78.06%
EBITDA Growth	56.16%	6.63%	-29.05%	-28.67%	-42.39%	-46.85%	-25.84%	-19.53%	31.07%	106.91%	136.22%
EBIT Growth	62.31%	7.11%	-31.75%	-31.03%	-45.66%	-49.44%	-27.93%	-21.39%	32.49%	104.67%	135.55%
NOPAT Growth	59.94%	7.09%	-29.60%	-32.28%	-43.08%	-49.56%	-27.33%	-20.76%	-22.82%	118.30%	133.84%
Net Income Growth	56.90%	5.39%	-25.82%	-28.35%	-39.61%	-43.97%	-22.25%	-11.31%	-25.15%	96.90%	120.71%
EPS Growth	61.59%	10.92%	-22.31%	-25.14%	-35.89%	-42.30%	-20.21%	-6.56%	-22.29%	103.20%	127.05%
Operating Cash Flow Growth	-17.70%	-29.81%	-42.41%	-27.36%	-31.67%	-25.59%	41.30%	40.08%	46.42%	87.60%	139.92%
Free Cash Flow Firm Growth	-71.88%	-213.63%	-77.64%	135.71%	-960.97%	-9,247.36%	80.24%	-26.34%	104.22%	100.20%	-989.47%
Invested Capital Growth	21.25%	20.34%	15.02%	-5.54%	14.59%	11.82%	14.42%	47.48%	10.84%	15.88%	78.59%
Revenue Q/Q Growth	2.87%	6.25%	13.68%	-5.97%	-1.16%	-5.01%	-0.11%	-4.84%	-13.30%	-1.86%	16.39%
EBITDA Q/Q Growth	27.30%	25.33%	1.52%	-3.58%	-13.08%	-16.61%	2.07%	-22.12%	-19.81%	16.36%	10.74%
EBIT Q/Q Growth	29.88%	28.47%	1.47%	-4.13%	-14.30%	-18.14%	2.54%	-24.46%	-20.26%	16.68%	11.86%
NOPAT Q/Q Growth	32.99%	29.44%	1.85%	-8.78%	-10.95%	-14.91%	-2.03%	-23.33%	-21.08%	22.59%	6.83%
Net Income Q/Q Growth	28.86%	27.26%	1.46%	-5.70%	-13.44%	-10.42%	-2.00%	-20.52%	-19.69%	24.30%	11.79%
EPS Q/Q Growth	30.68%	28.47%	1.48%	-5.15%	-10.29%	-10.02%	-2.22%	-18.77%	-19.27%	24.43%	14.51%
Operating Cash Flow Q/Q Growth	-30.91%	15.38%	155.10%	-59.53%	-41.08%	-5.33%	221.78%	-61.93%	-35.84%	79.78%	219.00%
Free Cash Flow Firm Q/Q Growth	4.19%	-26.77%	-188.47%	259.96%	-74.83%	28.20%	82.22%	-3,957.12%	1,757.45%	100.16%	-13.69%
Invested Capital Q/Q Growth	4.14%	-1.41%	-0.10%	18.21%	3.36%	-5.77%	-17.96%	43.41%	0.87%	-3.58%	5.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.89%	22.88%	21.65%	23.57%	23.07%	23.66%	24.77%	25.32%	26.36%	27.30%	24.60%
EBITDA Margin	13.20%	10.67%	9.05%	10.13%	9.88%	11.23%	12.80%	12.52%	15.30%	16.55%	13.96%
Operating Margin	12.25%	9.68%	8.07%	8.95%	8.89%	10.05%	11.81%	11.39%	14.60%	15.71%	13.36%
EBIT Margin	12.29%	9.73%	8.05%	9.02%	8.84%	10.20%	11.84%	11.53%	14.53%	15.79%	13.28%
Profit (Net Income) Margin	10.82%	8.63%	7.21%	8.08%	8.05%	9.20%	9.75%	9.94%	11.90%	12.85%	10.15%
Tax Burden Percent	81.43%	79.74%	78.50%	79.04%	81.96%	80.47%	76.49%	80.87%	78.32%	79.95%	75.27%
Interest Burden Percent	108.10%	111.27%	114.10%	113.33%	111.11%	112.05%	107.73%	106.61%	104.63%	101.77%	101.48%
Effective Tax Rate	18.57%	20.26%	21.50%	20.96%	18.04%	19.53%	23.51%	19.13%	21.68%	20.05%	24.73%
Return on Invested Capital (ROIC)	28.54%	22.02%	16.93%	17.12%	23.66%	27.61%	31.30%	30.85%	49.10%	53.80%	44.45%
ROIC Less NNEP Spread (ROIC-NNEP)	27.32%	20.80%	15.77%	15.53%	22.83%	26.41%	30.32%	29.54%	48.48%	53.30%	44.30%
Return on Net Nonoperating Assets (RNNOA)	-9.50%	-7.69%	-5.49%	-4.08%	-9.58%	-11.28%	-11.38%	-8.65%	-20.68%	-21.85%	-19.95%
Return on Equity (ROE)	19.04%	14.32%	11.44%	13.04%	14.08%	16.33%	19.91%	22.21%	28.42%	31.94%	24.50%
Cash Return on Invested Capital (CROIC)	3.23%	1.82%	5.23%	24.84%	13.76%	21.21%	23.51%	-1.97%	38.03%	38.74%	-4.05%
Operating Return on Assets (OROA)	17.46%	13.03%	10.58%	12.16%	12.64%	14.76%	18.95%	20.06%	26.55%	28.62%	23.24%
Return on Assets (ROA)	15.37%	11.56%	9.47%	10.89%	11.51%	13.31%	15.61%	17.30%	21.75%	23.29%	17.75%
Return on Common Equity (ROCE)	19.04%	14.32%	11.44%	13.04%	14.08%	16.32%	19.91%	22.18%	28.38%	31.90%	24.50%
Return on Equity Simple (ROE_SIMPLE)	15.95%	14.22%	14.05%	0.00%	16.99%	19.13%	22.25%	0.00%	25.84%	28.73%	27.06%
Net Operating Profit after Tax (NOPAT)	52	39	30	30	33	37	43	44	57	73	59
NOPAT Margin	9.98%	7.72%	6.34%	7.07%	7.29%	8.09%	9.03%	9.21%	11.43%	12.56%	10.05%
Net Nonoperating Expense Percent (NNEP)	1.22%	1.22%	1.16%	1.60%	0.83%	1.20%	0.97%	1.32%	0.63%	0.49%	0.16%
Return On Investment Capital (ROIC_SIMPLE)	4.93%	-	-	-	3.23%	-	-	-	-	-	-
Cost of Revenue to Revenue	75.11%	77.12%	78.35%	76.43%	76.93%	76.34%	75.23%	74.68%	73.64%	72.71%	75.40%
SG&A Expenses to Revenue	12.64%	13.20%	13.58%	14.62%	14.17%	13.61%	12.96%	13.94%	11.77%	11.59%	11.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.64%	13.20%	13.58%	14.62%	14.17%	13.61%	12.96%	13.94%	11.77%	11.59%	11.24%
Earnings before Interest and Taxes (EBIT)	64	49	38	38	40	46	56	55	73	91	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	54	43	43	44	51	61	60	77	96	82
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.40	3.42	2.76	3.22	2.86	2.26	2.50	2.83	2.11	1.97	2.10
Price to Tangible Book Value (P/TBV)	3.96	3.99	3.23	3.77	3.36	2.64	2.91	3.32	2.43	2.29	2.48
Price to Revenue (P/Rev)	1.86	1.92	1.60	1.86	1.56	1.21	1.26	1.29	0.93	0.87	0.95
Price to Earnings (P/E)	21.31	24.05	19.65	21.11	16.86	11.84	11.25	11.48	8.17	6.86	7.79
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.69%	4.16%	5.09%	4.74%	5.93%	8.45%	8.89%	8.71%	12.25%	14.58%	12.84%
Enterprise Value to Invested Capital (EV/IC)	4.31	4.43	3.41	4.06	4.08	3.18	3.45	3.21	3.00	2.71	2.73
Enterprise Value to Revenue (EV/Rev)	1.65	1.70	1.37	1.63	1.34	0.98	1.06	1.14	0.73	0.68	0.79
Enterprise Value to EBITDA (EV/EBITDA)	15.23	17.07	13.58	14.76	11.54	7.57	7.38	7.79	4.84	4.61	5.70
Enterprise Value to EBIT (EV/EBIT)	16.76	19.01	15.15	16.28	12.63	8.15	7.85	8.24	5.10	4.86	6.01
Enterprise Value to NOPAT (EV/NOPAT)	21.04	23.85	19.01	20.63	15.94	10.38	9.98	10.51	6.52	5.44	6.67
Enterprise Value to Operating Cash Flow (EV/OCF)	20.08	18.86	12.93	13.03	10.73	7.42	7.72	9.57	6.41	6.29	8.36
Enterprise Value to Free Cash Flow (EV/FCFF)	146.20	266.11	69.78	15.89	31.69	15.84	15.69	0.00	8.28	7.51	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.35	-0.37	-0.35	-0.26	-0.42	-0.43	-0.38	-0.29	-0.43	-0.41	-0.45
Leverage Ratio	1.31	1.34	1.33	1.32	1.32	1.35	1.35	1.36	1.35	1.39	1.39
Compound Leverage Factor	1.42	1.49	1.51	1.50	1.47	1.51	1.46	1.45	1.41	1.42	1.41
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.00%	0.00%	0.00%	0.12%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.12%	0.10%	0.10%	0.08%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.96%	99.88%	99.90%	99.90%	99.97%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.79	9.06	8.00	9.22	8.50	6.94	7.75	8.19	7.27	6.51	6.32
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.02%	0.06%	0.05%	0.05%	0.04%	0.11%	0.12%	0.12%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.08	2.90	2.96	3.12	3.07	2.87	2.93	2.74	2.99	2.68	2.46
Quick Ratio	2.02	1.91	1.95	2.03	1.85	1.77	1.76	1.64	1.87	1.62	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-77	-81	-64	72	-45	-26	-36	-202	5.23	0.28	-181
Operating Cash Flow to CapEx	703.88%	1,148.28%	954.54%	477.22%	967.83%	1,841.34%	0.00%	1,385.37%	877.21%	1,298.71%	235.56%
Free Cash Flow to Firm to Interest Expense	-498.95	-645.73	-707.47	253.43	-53.44	-100.14	-134.75	-671.91	24.19	1.21	-1,126.64
Operating Cash Flow to Interest Expense	243.72	437.45	526.59	65.42	54.52	303.14	309.37	85.25	311.00	449.36	361.74
Operating Cash Flow Less CapEx to Interest Expense	209.10	399.35	471.42	51.71	48.88	286.68	310.32	79.09	275.55	414.76	208.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.34	1.31	1.35	1.43	1.45	1.60	1.74	1.83	1.81	1.75
Accounts Receivable Turnover	23.74	20.26	21.14	21.56	24.54	20.55	21.02	23.11	29.93	24.86	23.35
Inventory Turnover	6.16	5.86	5.55	5.42	6.20	5.97	5.91	6.26	7.73	7.33	6.93
Fixed Asset Turnover	8.56	8.25	8.01	7.93	8.85	9.21	9.92	10.92	12.33	12.14	13.30
Accounts Payable Turnover	59.13	35.60	46.09	42.57	55.31	34.09	40.86	43.02	53.12	36.52	37.45
Days Sales Outstanding (DSO)	15.37	18.02	17.26	16.93	14.87	17.76	17.36	15.79	12.19	14.68	15.63
Days Inventory Outstanding (DIO)	59.23	62.33	65.77	67.31	58.83	61.17	61.80	58.29	47.19	49.78	52.67
Days Payable Outstanding (DPO)	6.17	10.25	7.92	8.57	6.60	10.71	8.93	8.48	6.87	9.99	9.75
Cash Conversion Cycle (CCC)	68.43	70.10	75.12	75.66	67.10	68.22	70.23	65.60	52.51	54.46	58.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	739	709	719	720	609	589	625	762	532	527	547
Invested Capital Turnover	2.86	2.85	2.67	2.42	3.25	3.41	3.46	3.35	4.30	4.28	4.42
Increase / (Decrease) in Invested Capital	129	120	94	-42	78	62	79	245	52	72	241
Enterprise Value (EV)	3,181	3,141	2,453	2,927	2,487	1,876	2,161	2,447	1,592	1,429	1,490
Market Capitalization	3,594	3,564	2,867	3,331	2,886	2,305	2,557	2,762	2,016	1,830	1,793
Book Value per Share	$130.41	$126.25	$125.38	$123.81	$121.16	$117.46	$118.10	$112.30	$107.25	$104.44	$95.86
Tangible Book Value per Share	$112.03	$108.15	$107.29	$105.82	$103.22	$100.75	$101.38	$95.70	$92.93	$90.04	$81.35
Total Capital	1,057	1,042	1,039	1,033	1,009	1,019	1,024	978	956	930	852
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-412	-423	-414	-404	-399	-429	-398	-317	-424	-402	-305
Capital Expenditures (CapEx)	5.37	4.76	4.97	3.89	4.74	4.23	-0.25	1.85	7.66	8.06	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	199	180	183	192	179	161	185	213	151	150	175
Debt-free Net Working Capital (DFNWC)	593	590	582	579	562	570	565	511	554	514	443
Net Working Capital (NWC)	593	590	582	579	562	570	565	511	554	514	443
Net Nonoperating Expense (NNE)	-4.37	-4.64	-4.17	-4.22	-3.42	-5.00	-3.43	-3.48	-2.36	-1.68	-0.54
Net Nonoperating Obligations (NNO)	-319	-333	-319	-313	-400	-430	-399	-215	-425	-403	-306
Total Depreciation and Amortization (D&A)	4.78	4.76	4.76	4.67	4.62	4.67	4.57	4.73	3.89	4.34	3.95
Debt-free, Cash-free Net Working Capital to Revenue	10.31%	9.73%	10.16%	10.70%	9.67%	8.46%	9.13%	9.94%	6.97%	7.11%	9.28%
Debt-free Net Working Capital to Revenue	30.76%	31.88%	32.37%	32.23%	30.35%	29.92%	27.84%	23.86%	25.51%	24.43%	23.52%
Net Working Capital to Revenue	30.76%	31.88%	32.37%	32.23%	30.35%	29.92%	27.84%	23.86%	25.51%	24.43%	23.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.97	$5.33	$4.15	$4.09	$4.31	$4.80	$5.35	$5.49	$6.71	$8.32	$6.68
Adjusted Weighted Average Basic Shares Outstanding	8.10M	8.23M	8.29M	8.51M	8.36M	8.66M	8.67M	8.84M	8.87M	8.90M	8.92M
Adjusted Diluted Earnings per Share	$6.90	$5.28	$4.11	$4.05	$4.27	$4.76	$5.29	$5.41	$6.66	$8.25	$6.63
Adjusted Weighted Average Diluted Shares Outstanding	8.19M	8.31M	8.37M	8.59M	8.43M	8.73M	8.76M	8.92M	8.94M	8.98M	8.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.01M	8.11M	8.25M	8.28M	8.35M	8.33M	8.68M	8.67M	8.69M	8.91M	8.89M
Normalized Net Operating Profit after Tax (NOPAT)	52	39	30	30	33	37	43	44	57	73	59
Normalized NOPAT Margin	9.98%	7.72%	6.34%	7.07%	7.29%	8.09%	9.03%	9.21%	11.43%	12.56%	10.05%
Pre Tax Income Margin	13.28%	10.83%	9.18%	10.22%	9.83%	11.43%	12.75%	12.29%	15.20%	16.07%	13.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	413.79	395.06	427.11	133.40	46.93	179.40	211.75	183.09	336.65	391.39	485.45
NOPAT to Interest Expense	336.08	313.36	336.23	104.62	38.68	142.32	161.60	146.25	264.94	311.22	367.39
EBIT Less CapEx to Interest Expense	379.17	356.97	371.94	119.69	41.30	162.94	212.69	176.94	301.19	356.79	331.88
NOPAT Less CapEx to Interest Expense	301.45	275.27	281.07	90.91	33.05	125.85	162.54	140.10	229.48	276.62	213.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.08%	0.21%	0.27%	0.35%	0.31%	0.29%	0.32%	0.27%	0.25%	0.27%
Augmented Payout Ratio	75.29%	95.03%	95.31%	69.49%	74.45%	54.36%	28.61%	43.26%	42.28%	29.52%	37.47%

Frequently Asked Questions About Cavco Industries' Financials

When does Cavco Industries's financial year end?

According to the most recent income statement we have on file, Cavco Industries' fiscal year ends in March. Their fiscal year 2024 ended on March 30, 2024.

How has Cavco Industries' net income changed over the last 9 years?

Cavco Industries' net income appears to be on an upward trend, with a most recent value of $157.91 million in 2024, rising from $23.82 million in 2015. The previous period was $240.84 million in 2023. Check out Cavco Industries' forecast to explore projected trends and price targets.

What is Cavco Industries's operating income?

Cavco Industries's total operating income in 2024 was $178.98 million, based on the following breakdown:

Total Gross Profit: $426.90 million
Total Operating Expenses: $247.92 million

How has Cavco Industries revenue changed over the last 9 years?

Over the last 9 years, Cavco Industries' total revenue changed from $566.66 million in 2015 to $1.79 billion in 2024, a change of 216.7%.

How much debt does Cavco Industries have?

Cavco Industries' total liabilities were at $320.75 million at the end of 2024, a 2.9% decrease from 2023, and a 75.8% increase since 2015.

How much cash does Cavco Industries have?

In the past 9 years, Cavco Industries' cash and equivalents has ranged from $96.60 million in 2015 to $352.69 million in 2024, and is currently $352.69 million as of their latest financial filing in 2024.

How has Cavco Industries' book value per share changed over the last 9 years?

Over the last 9 years, Cavco Industries' book value per share changed from 36.14 in 2015 to 123.81 in 2024, a change of 242.6%.

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This page (NASDAQ:CVCO) was last updated on 5/21/2025 by MarketBeat.com Staff

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Cavco Industries (CVCO) Financials

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Cavco Industries (CVCO) Financials

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