In fiscal 2026, which ended Mar 28, 2026, Cavco Industries, Inc. reported revenue of $2.2 billion, up 11.4% from the year before. Net income was $190.6 million, a profit margin of 8.5%. Operating income came to $228.6 million, an operating margin of 10.2%. Diluted earnings per share were $23.98. Over the twelve months ended Sep 26, 2026, revenue was $2.4 billion and net income was $184.2 million. Across the 10 fiscal years shown, revenue grew from $773.8 million in fiscal 2017 to $2.2 billion in fiscal 2026, about 12.6% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Sep 26, 2026
|
FY 2026
Mar 28, 2026
|
FY 2025
Mar 29, 2025
|
FY 2024
Mar 30, 2024
|
FY 2023
Apr 1, 2023
|
FY 2022
Apr 2, 2022
|
FY 2021
Apr 3, 2021
|
FY 2020
Mar 28, 2020
|
FY 2019
Mar 30, 2019
|
FY 2018
Mar 31, 2018
|
FY 2017
Apr 1, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2,397
+11.8%
|
2,245
+11.4%
|
2,015
+12.3%
|
1,795
-16.2%
|
2,143
+31.7%
|
1,627
+46.8%
|
1,108
+4.4%
|
1,062
+10.3%
|
963
+10.5%
|
871
+12.6%
|
774
+8.6%
|
| Cost of revenue |
1,852
+13.4%
|
1,718
+10.8%
|
1,550
+13.3%
|
1,368
-13.8%
|
1,588
+30.3%
|
1,218
+40.2%
|
869
+4.5%
|
831
+9.8%
|
757
+9.6%
|
691
+12.1%
|
616
+8.4%
|
| Gross profit |
545
+6.9%
|
527
+13.2%
|
466
+9.1%
|
427
-23.1%
|
555
+35.8%
|
409
+71.0%
|
239
+3.7%
|
231
+12.1%
|
206
+13.9%
|
181
+14.3%
|
158
+9.4%
|
| Selling, general and administrative |
316
+11.1%
|
298
+8.4%
|
275
+11.0%
|
248
-4.0%
|
258
+25.2%
|
206
+37.4%
|
150
+3.1%
|
146
+19.8%
|
122
+13.7%
|
107
+5.6%
|
101
+3.2%
|
| Operating expenses |
316
+11.1%
|
298
+8.4%
|
275
+11.0%
|
248
-4.0%
|
258
+25.2%
|
206
+37.4%
|
150
+3.1%
|
146
+19.8%
|
122
+13.7%
|
107
+5.6%
|
101
+3.2%
|
| Operating income |
229
+1.6%
|
229
+20.1%
|
190
+6.3%
|
179
-39.7%
|
297
+46.5%
|
202
+128.0%
|
89
+4.6%
|
85
+0.9%
|
84
+14.0%
|
74
+29.9%
|
57
+22.6%
|
| Interest income |
13
-34.9%
|
16
-22.5%
|
21
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Interest expense |
1
+17.5%
|
1
+4.6%
|
1
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other non-operating income (expense) |
0
+6.5%
|
0
+50.9%
|
0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Pretax income |
241
-1.4%
|
245
+15.9%
|
211
+6.0%
|
199
-35.1%
|
307
+44.7%
|
212
+118.7%
|
97
+4.2%
|
93
+7.3%
|
87
+10.4%
|
79
+42.0%
|
55
+25.6%
|
| Income tax |
57
+18.9%
|
54
+35.3%
|
40
-3.0%
|
41
-37.4%
|
66
+362.7%
|
14
-29.7%
|
20
+13.1%
|
18
-0.8%
|
18
+6.1%
|
17
-1.8%
|
17
+11.9%
|
| Net income |
184
-6.4%
|
191
+11.4%
|
171
+8.4%
|
158
-34.4%
|
241
+21.7%
|
198
+157.9%
|
77
+2.1%
|
75
+9.4%
|
69
+11.6%
|
62
+62.0%
|
38
+33.0%
|
| Basic EPS |
23.82
-3.2%
|
24.26
+15.7%
|
20.97
+13.0%
|
18.55
-31.8%
|
27.20
+26.3%
|
21.54
+158.3%
|
8.34
+1.5%
|
8.22
+8.7%
|
7.56
+10.9%
|
6.82
+61.2%
|
4.23
+31.8%
|
| Diluted EPS |
23.58
-2.9%
|
23.98
+15.8%
|
20.71
+12.7%
|
18.37
-31.8%
|
26.95
+26.3%
|
21.34
+158.7%
|
8.25
+1.9%
|
8.10
+9.5%
|
7.40
+10.8%
|
6.68
+60.2%
|
4.17
+32.4%
|
| Weighted average shares, basic |
8
-3.3%
|
8
-3.7%
|
8
-4.1%
|
9
-3.8%
|
9
-3.6%
|
9
-0.1%
|
9
+0.7%
|
9
+0.5%
|
9
+0.6%
|
9
+0.5%
|
9
+1.0%
|
| Weighted average shares, diluted |
8
-3.6%
|
8
-3.8%
|
8
-3.9%
|
9
-3.7%
|
9
-3.7%
|
9
-0.3%
|
9
+0.3%
|
9
+0.0%
|
9
+0.7%
|
9
+1.1%
|
9
+0.7%
|
| Other measures | |||||||||||
| Depreciation and amortization |
26
+29.0%
|
23
+19.6%
|
19
+4.0%
|
19
+9.6%
|
17
+53.4%
|
11
+74.2%
|
6
+9.4%
|
6
+23.1%
|
5
+16.7%
|
4
+9.2%
|
4
-6.0%
|
| EBITDA |
255
+3.8%
|
252
+20.1%
|
210
+6.1%
|
198
-37.0%
|
314
+46.8%
|
214
+124.4%
|
95
+4.9%
|
91
+2.1%
|
89
+14.2%
|
78
+28.6%
|
60
+20.4%
|
| Interest coverage |
336.80x
|
422.49x
|
368.04x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | |||||||||||
| Gross margin |
22.74%
|
23.47%
|
23.10%
|
23.79%
|
25.90%
|
25.12%
|
21.57%
|
21.71%
|
21.37%
|
20.74%
|
20.42%
|
| Operating margin |
9.54%
|
10.18%
|
9.44%
|
9.97%
|
13.84%
|
12.44%
|
8.02%
|
8.00%
|
8.74%
|
8.47%
|
7.34%
|
| Pretax margin |
10.06%
|
10.90%
|
10.47%
|
11.10%
|
14.32%
|
13.03%
|
8.75%
|
8.76%
|
9.00%
|
9.01%
|
7.14%
|
| Profit margin |
7.68%
|
8.49%
|
8.49%
|
8.79%
|
11.23%
|
12.15%
|
6.92%
|
7.07%
|
7.13%
|
7.06%
|
4.91%
|
| EBITDA margin |
10.63%
|
11.21%
|
10.40%
|
11.00%
|
14.63%
|
13.12%
|
8.59%
|
8.54%
|
9.23%
|
8.93%
|
7.82%
|
| Effective tax rate |
23.64%
|
22.13%
|
18.97%
|
20.72%
|
21.49%
|
6.72%
|
20.91%
|
19.27%
|
20.83%
|
21.68%
|
31.34%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Mobile Homes (SIC 2451)
- Listed as
- CVCO (Nasdaq)
- Fiscal year ends
- April 3
- Incorporated in
- DE
- Headquarters
- Phoenix, AZ
- SEC filer status
- Large accelerated filer
- SEC CIK
- 278166
- Former names
- CAVCO INDUSTRIES INC. (until May 16, 2025); CAVCO INDUSTRIES INC (until Jul 12, 2018)
Other Mobile Homes companies
- Champion Homes, Inc. SKY
- Legacy Housing Corp LEGH
- Nobility Homes Inc NOBH
Source: SEC EDGAR filings. This is company-reported data, not investment advice.