Cavco Industries, Inc.
Rank #172Capital ReturnCVCO · Nasdaq · Consumer Cyclical
Cavco Industries, Inc. (CVCO) — Rank #172 by gross profitability (GP/assets 0.34) · ROE 17.2% · Piotroski F-Score 7 / 9.
As-of 2026-09-28 · CIK 0000278166 · all metrics point-in-time as of the filing date.
About
Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States.
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It operates in two segments: Factory-Built Housing and Financial Services. The company produces 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. It also 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. In addition, the company 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. Further, it offers property and casualty insurance to owners of manufactured housing industry. The company distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers.
The company was founded in 1965 and is headquartered in Phoenix, Arizona.
- Industry
- Residential Construction
- Sector
- Consumer Cyclical
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- March 28
- Website
- cavcohomes.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
7,700
Industry
Residential Construction
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.34
Primary signal (Novy-Marx).
Return on equity
17.2%
Gross margin
23.5%
Revenue growth (YoY)
11.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
1.6%
Revenue CAGR (5Y)
15.2%
Earnings CAGR (3Y)
-7.5%
FCF CAGR (3Y)
3.1%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.39
Current ratio
2.23×
Quick ratio
1.00×
Net cash
$301.13M
Cash & equivalents minus total debt.
Recession resistance
Revenue through recessions
Worst single-year YoY revenue decline, 17 years of history
Cash-flow health
Free cash flow
$232.09M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.22
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.6%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).