Cavco Industries, Inc. (CVCO) Income Statement
CVCO FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsCVCO revenue and net income
Where CVCO's revenue goes
FY2026Each bar shows an amount and its share of revenue. CVCO kept 8.5% of revenue as net income.
CVCO profit margins
CVCO growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.4% | +1.6% | +15.2% | +12.2% |
| Gross profit | +13.2% | −1.7% | +17.1% | +13.8% |
| Operating income | +20.1% | −8.3% | +20.8% | +17.3% |
| Net income | +11.4% | −7.5% | +20.0% | +20.9% |
| EPS (diluted) | +10.5% | −3.8% | +23.1% | +22.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CVCO quarterly EPS vs estimates
Cavco Industries beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $5.47).
CVCO income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $2.02B | $1.79B | $2.14B | $1.63B | $1.11B | $1.06B | $962.7M | $871.2M | $773.8M |
| Cost of revenue | $1.72B | $1.55B | $1.37B | $1.59B | $1.22B | $869.1M | $831.3M | $757.0M | $690.6M | $615.8M |
| Gross profit | $526.9M | $465.6M | $426.9M | $554.9M | $408.7M | $239.0M | $230.5M | $205.7M | $180.7M | $158.0M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $298.3M | $275.3M | $247.9M | $258.3M | $206.3M | $150.2M | $142.7M | $121.6M | $106.9M | $101.2M |
| Total operating expenses | $298.3M | $275.3M | $247.9M | $258.3M | $206.3M | $150.2M | $145.6M | $121.6M | $106.9M | $101.2M |
| Operating income | $228.6M | $190.3M | $179.0M | $296.6M | $202.5M | $88.8M | $84.9M | $84.1M | $73.8M | $56.8M |
| Interest income | $16.3M | $21.1M | $21.0M | $10.7M | $3.5M | $2.1M | — | — | $4.4M | — |
| Interest expense | $541,000 | $517,000 | $1.6M | $910,000 | $702,000 | $738,000 | $1.5M | $3.4M | $4.4M | $4.4M |
| Income before taxes | $244.7M | $211.1M | $199.2M | $306.8M | $212.0M | $96.9M | $93.0M | $86.7M | $78.5M | $55.3M |
| Income taxes | $54.1M | $40.0M | $41.3M | $65.9M | $14.2M | $20.3M | $17.9M | $18.1M | $17.0M | $17.3M |
| Net income | $190.6M | $171.0M | $157.8M | $240.6M | $197.7M | $76.6M | $75.1M | $68.6M | $61.5M | $38.0M |
| EBITDA | $268.3M | $230.8M | $219.4M | $324.6M | $223.7M | $104.0M | $100.3M | $94.8M | $86.9M | $63.4M |
| EPS (diluted) | $23.97 | $21.69 | $18.35 | $26.93 | $18.12 | $8.47 | $8.45 | $7.27 | $6.07 | $4.17 |
| Gross margin | 23.5% | 23.1% | 23.8% | 25.9% | 25.1% | 21.6% | 21.7% | 21.4% | 20.7% | 20.4% |
| Operating margin | 10.2% | 9.4% | 10.0% | 13.8% | 12.4% | 8.0% | 8.0% | 8.7% | 8.5% | 7.3% |
| Net margin | 8.5% | 8.5% | 8.8% | 11.2% | 12.1% | 6.9% | 7.1% | 7.1% | 7.1% | 4.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $610.0M | $550.1M | $581.0M | $556.5M | $556.9M | $508.4M | $522.0M | $507.5M | $477.6M | $420.1M | $446.8M | $452.0M |
| Cost of revenue | $475.4M | $423.1M | $445.1M | $422.1M | $427.4M | $392.2M | $392.1M | $391.3M | $374.2M | $321.1M | $343.7M | $345.1M |
| Gross profit | $134.6M | $127.1M | $135.9M | $134.4M | $129.5M | $116.1M | $129.9M | $116.1M | $103.4M | $99.0M | $103.1M | $107.0M |
| Sales, general & admin | — | $75.6M | $81.4M | $72.2M | $69.1M | $77.5M | $66.0M | $67.0M | $64.9M | $61.4M | $63.3M | $61.5M |
| Total operating expenses | $81.8M | $75.6M | $81.4M | $72.2M | $69.1M | $77.5M | $66.0M | $67.0M | $64.9M | $61.4M | $63.3M | $61.5M |
| Operating income | $52.8M | $51.5M | $54.6M | $62.2M | $60.4M | $38.6M | $64.0M | $49.1M | $38.6M | $37.6M | $39.7M | $45.5M |
| Interest income | — | $3.2M | $3.0M | $5.0M | $5.1M | $4.5M | $5.4M | $5.7M | $5.5M | $5.3M | $5.2M | $5.8M |
| Interest expense | $132,000 | $134,000 | $683,000 | $112,000 | $164,000 | $147,000 | $155,000 | $125,000 | $90,000 | $284,000 | $842,000 | $257,000 |
| Income before taxes | $55.8M | $54.6M | $57.6M | $67.3M | $65.3M | $42.9M | $69.3M | $55.0M | $43.9M | $42.9M | $43.9M | $51.7M |
| Income taxes | $13.5M | $12.1M | $13.5M | $14.9M | $13.7M | $6.6M | $12.9M | $11.1M | $9.4M | $9.0M | $7.9M | $10.1M |
| Net income | $42.3M | $42.5M | $44.1M | $52.4M | $51.6M | $36.3M | $56.5M | $43.8M | $34.4M | $33.9M | $36.0M | $41.5M |
| EBITDA | $59.4M | $61.1M | $64.4M | $72.7M | $70.6M | $48.0M | $74.3M | $59.8M | $48.7M | $47.9M | $49.3M | $56.6M |
| EPS (diluted) | $5.43 | $5.42 | $5.58 | $6.55 | $6.42 | $5.40 | $6.90 | $5.28 | $4.11 | $4.03 | $4.27 | $4.76 |
| Gross margin | 22.1% | 23.1% | 23.4% | 24.2% | 23.3% | 22.8% | 24.9% | 22.9% | 21.7% | 23.6% | 23.1% | 23.7% |
| Operating margin | 8.6% | 9.4% | 9.4% | 11.2% | 10.8% | 7.6% | 12.3% | 9.7% | 8.1% | 8.9% | 8.9% | 10.1% |
| Net margin | 6.9% | 7.7% | 7.6% | 9.4% | 9.3% | 7.1% | 10.8% | 8.6% | 7.2% | 8.1% | 8.1% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CVCO's financial statements (latest annual report filed May 22, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CVCO financial results
In fiscal year 2026 (ended March 31, 2026), Cavco Industries reported revenue of $2.2 billion, up 11.4% from the year before. It had net income of $190.6 million (up 11.4%), a net profit margin of 8.5%. Diluted earnings per share came to $23.97. Over five years revenue grew at an average rate of 15.2% a year.
See the CVCO stock overview for the latest quote and news, or the CVCO chart for price history and technical indicators.
CVCO income statement FAQ
What is Cavco Industries's annual revenue?
Cavco Industries reported total revenue of $2.2 billion for fiscal year 2026, which ended on March 31, 2026. That was up 11.4% from $2.0 billion the previous year.
Is Cavco Industries profitable?
Yes. Cavco Industries reported net income of $190.6 million in fiscal 2026, a net profit margin of 8.5%; its operating margin was 10.2%.
What is Cavco Industries's gross margin?
Cavco Industries's gross margin was 23.5% in fiscal 2026: for every $100 of revenue, Cavco Industries kept $23 after the direct cost of its products and services.
How fast is Cavco Industries growing?
Revenue grew 15.2% a year on average over the last five fiscal years, from $1.1 billion to $2.2 billion.
What are Cavco Industries's earnings per share?
Cavco Industries earned $23.97 per diluted share in fiscal 2026, compared with $21.69 a year earlier.
When will Cavco Industries report its next earnings?
Cavco Industries is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Cavco Industries's fiscal year end?
Cavco Industries's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 22, 2026.