Legal and regulatory exposuremixed · 2 filings
“In addition, we are subject to minimum net worth requirements and were in compliance for the year ended March 28, 2026.”10-K · May 22, 2026 ↗
Cavco Industries, Inc.
CVCO
Market read
Cavco Industries, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
What changed
- Revenue increased 11.4% versus the comparable filing period.
Company+1.2% todayVolume comparison unavailable
Market group0 of 41 activeHomebuilding & Building Products · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Consolidated gross profit margin decreased, with the filing attributing the decline to higher input costs (consolidated 22.1% vs 23.3%, down 1.2 ppt).
Invalidation: The isolated read changes if CVCO's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 41 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 11.4% versus the comparable filing period.
- Operating margin improved 0.7 percentage points.
- Operating cash flow covered net income at 1.40x, improving versus the comparable period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Consolidated gross profit margin decreased, with the filing attributing the decline to higher input costs (consolidated 22.1% vs 23.3%, down 1.2 ppt).
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements56
Verified relationships3
Evidence supporting the case
- Latest annual revenue changed +11.4% year over year.
- Operating cash flow covered net income at 1.40x in the latest annual period.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 101% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 59% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
529.176m+6.1%12m-2.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-04-02$1.6B+46.8%$21.34-0.3%
2023-04-01$2.1B+31.7%$26.95-3.7%
2024-03-30$1.8B-16.2%$18.37-3.7%
2025-03-29$2.0B+12.3%$20.71-3.9%
2026-03-28$2.2B+11.4%$23.98-3.8%
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 1 filings
“We identified management’s assumption related to the timing in which work orders are completed as a critical audit matter because of the significant judgments made by management to estimate the timing of warranty claims relative to home sales.”10-K · May 22, 2026 ↗
Input and raw-material costsnegative · 1 filings
“Gross profit as a percentage of Net revenue for the three months decreased due to higher input costs.”10-Q · Jul 31, 2026 ↗
Product pipeline and R&Dnegative · 1 filings
“For the years ended March 29, 2025 and March 30, 2024, prior to the adoption of ASU 2023-09, the principal reconciling items from the U.S.”10-K · May 22, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.9× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
529.17+1.2% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CVCO. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-K filed 2026-05-22 against the comparable filing from 2025-05-23.
OperationsconstructiveEvidence score +2
liquidityconstructiveEvidence score +1
valuationpremium
What improved
- Revenue increased 11.4% versus the comparable filing period.
- Operating margin improved 0.7 percentage points.
- Operating cash flow covered net income at 1.40x, improving versus the comparable period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The higher effective tax rate in fiscal year 2026 is primarily related to a decrease of $3.7 million in tax credits primarily due to changes in eligibility requirements related to the sale of energy efficient homes and Energy Star credits available under the Internal Revenue Code §45L compared to the prior year.”
“Financia l services segment Net revenue increased 5.8% primarily due to higher insurance premiums in the current year and $0.8 million from acquired American Homestar operations, partially offset by fewer loans sold by the finance subsidiary.”
“Operations excluding American Homestar increased primarily due to higher average selling prices, which contributed $102.9 million and higher home sales volume, which contributed $30.8 million.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind CVCO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BRK-BBerkshire Hathaway Inc.competitorMay 22, 2026 ▾
“These competitors include national, regional and local banks, mortgage banks and independent finance companies such as: 21st Mortgage Corporation, an affiliate of Clayton Homes, Inc.”
Depended on by
LCIILCI IndustriescustomerFeb 26, 2026 ▾
“Major customers include Brunswick Corporation (symbol: BC), Polaris Inc.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CVCO is currently a Follower in the organic co-movement group Homebuilding & Building Products. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.