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Designs and builds manufactured and modular homes and park model RVs sold through independent and company-owned retailers.
Designs and builds manufactured and modular homes and park model RVs sold through independent and company-owned retailers.
Builds homes in factories and sells them mostly wholesale to independent dealers and communities, with its own retail centres and a mortgage and insurance arm that finance and insure buyers, so it earns on the home and again on the loan and policy. It bought the assets of Palm Harbor Homes out of bankruptcy in 2011.
Moat: narrow (scale, distribution). Large factory footprint and in-house financing/insurance support retailer relationships.
Headquarters: Phoenix, Arizona, United States · Founded: 1965 · Employees: 7,700
Size Cavco Industries (CVCO) is a United States Consumer Discretionary company (Homebuilding) with a market value of $4.87B, the 1198th largest of 3,117 United States companies the cockpit tracks. Shares closed at $638.55 on 6 Nov 2026.
Performance Over six months the shares gained 31.8%, against +7.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +7.9%); the operating margin is 9.5% (peer median 10.0%).
Valuation It trades at 24.2× forward earnings against a peer median of 13.0× (2nd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.7 points above its cost of capital (11.3% WACC).
Short interest Short interest is 5.4% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.40B | $2.24B | $2.02B | $1.79B | $2.14B |
| Revenue growth | — | +11% | +12% | -16% | — |
| Gross profit | $545M | $527M | $466M | $427M | $551M |
| EBITDA | $255M | $252M | $210M | $198M | $310M |
| Net income | $184M | $191M | $171M | $158M | $241M |
| Free cash flow | $233M | $232M | $157M | $207M | $212M |
| Capital expenditure | $71.7M | $35.4M | $21.4M | $17.4M | $44.1M |
| Total debt | $40.2M | $42.8M | $45.1M | $48.5M | $36.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cavco Industries CVCO | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% |
| Champion Homes SKY | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% |
| Legacy Housing LEGH | $694M | +25% | -3% | 33% | 14.1× | 3.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CVCO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.4% | +6.1% | 3rd highest of 21 |
| 6-month return | +31.8% | +7.8% | 2nd highest of 21 |
| Distance from 52-week high | -10.4% | -20.2% | 5th highest of 21 |
| Revenue growth (TTM) | +11.8% | +7.9% | 7th highest of 21 |
| Operating margin | 9.5% | 10.0% | 10th lowest of 21 |
| Forward P/E | 24.2× | 13.0× | 2nd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 15.2% | 3.3% | 2nd most demanding of 18 |
| Growth delivered (Del g) | +15.2% | +8.3% | 5th highest of 18 |
| Hurdle (Req g minus delivered) | -0.0 pp | -2.6 pp | 6th most demanding of 18 |
| ROIC minus cost of capital | +9.7 pp | -1.2 pp | 3rd highest of 21 |
| EV / EBITDA | 18.0× | 9.2× | most expensive of 19 |
| Net debt / EBITDA | -1.1× | 1.0× | 2nd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cavco Industries CVCO | United States | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% | +15.2% |
| Sumitomo Forestry 1911.T | Japan | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% | +15.2% |
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| Haseko 1808.T | Japan | $4.50B | -1% | +10% | 8% | 9.9× | -11.6% | +9.5% |
| Berkeley BKG.L | United Kingdom | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% | +1.6% |
| Persimmon PSN.L | United Kingdom | $5.64B | +22% | +17% | 11% | 13.0× | n/a | n/a |
| Open House 3288.T | Japan | $5.66B | -15% | +6% | 12% | 7.3× | -8.1% | +18.2% |
| Barratt Redrow BTRW.L | United Kingdom | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% | +4.7% |
| Taylor Wimpey TW..L | United Kingdom | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% | +6.6% |
| Iida 3291.T | Japan | $3.68B | -4% | +7% | 7% | 8.1× | n/a | n/a |
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
| Bellway p.l.c BWY.L | United Kingdom | $3.42B | +19% | +14% | 10% | 15.4× | 3.2% | +0.3% |
| M/I Homes MHO | United States | $3.29B | 0% | -6% | 8% | 12.8× | 8.3% | +7.7% |
| Chengdu Hi-Tech Development 000628.SZ | China | $3.10B | -39% | -32% | 4% | n/a | 57.5% | -2.1% |
| KB Home KBH | United States | $3.08B | +2% | -21% | 5% | 14.9× | 15.2% | +8.3% |
| Green Brick Partners GRBK | United States | $2.75B | -2% | -10% | 19% | 12.2× | 7.8% | +15.9% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Cairn Homes CRN.L | United Kingdom | $1.92B | +18% | +44% | 18% | 11.9× | -0.7% | +28.6% |
| GS Engineering & Construction 006360.KS | South Korea | $1.86B | -22% | -15% | 3% | 16.8× | -9.8% | +4.2% |
| Katitas 8919.T | Japan | $1.69B | +11% | +20% | 12% | 18.6× | n/a | n/a |
| Toll Brothers TOL | United States | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% | +9.2% |