Cavco Industries (CVCO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cavco Industries

NasdaqGS•Consumer Cyclical•Residential Construction

$537.15+1.08(<0.01%)Pre-market

Market Cap

$4.13B

P/E

22.8x

P/S

1.8x

P/B

3.7x

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. 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.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Cash & Earnings Quality (25/25); weakest: Profitability (12/25).

Profitability12/25

Growth15/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowHigh ROEInterest easily coveredCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.8x5y range 6.9x – 25.4x

Currently near its 20-quarter median.

P/S · 1.8x5y range 0.9x – 2.1x

Currently near its 20-quarter median.

P/B · 3.7x5y range 2.0x – 4.3x

Price & Volume

Market Cap $4.13B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.30B
Q. Revenue: $609.96M
TTM EBITDA: $245.53M
TTM Op. Income: $220.97M
Q. Op. Income: $52.76M
TTM Net Income: $181.18M
Q. Net Income: $42.27M
EPS: $5.48
Shares Out.: $7.71M

$2.30B in TTM revenue grew 9.7% YoY, reaching $609.96M last quarter. TTM EBITDA of $245.53M and TTM operating income of $220.97M show growth is flowing through to the bottom line. TTM net income of $181.18M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.1%
EBITDA Margin: 9.7%
Op. Margin: 8.6%
Net Margin: 6.9%

Op. margin of 8.6% is down 2.2% YoY — costs are rising relative to revenue. Net margin at 6.9% and gross margin of 22.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.8x
P/S Ratio: 1.8x
P/B Ratio: 3.7x

At 22.8x P/E, the stock trades within typical market levels. P/S of 1.8x and P/B of 3.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 25% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.54B
Cash: $243.19M
Long-Term Debt: N/A
Book Value: $1.11B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $74.45M
TTM Free Cash Flow: $234.66M
FCF Margin: 10.2%
FCF / Net Income: 1.3

TTM FCF of $234.66M on $74.45M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.