Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $774M | $871M | $963M | $1.06B | $1.11B | $1.63B | $2.14B | $1.79B | $2.02B | $2.24B |
| Revenue growth | — | 12.6% | 10.5% | 10.3% | 4.4% | 46.8% | 31.7% | -16.2% | 12.3% | 11.4% |
| Gross profit | $158M | $181M | $206M | $231M | $239M | $409M | $555M | $427M | $466M | $527M |
| Gross margin | 20.4% | 20.7% | 21.4% | 21.7% | 21.6% | 25.1% | 25.9% | 23.8% | 23.1% | 23.5% |
| Operating income | $56.8M | $73.8M | $84.1M | $84.9M | $88.8M | $202M | $297M | $179M | $190M | $229M |
| Operating margin | 7.3% | 8.5% | 8.7% | 8.0% | 8.0% | 12.4% | 13.8% | 10.0% | 9.4% | 10.2% |
| Net income | $38.0M | $61.5M | $68.6M | $75.1M | $76.6M | $198M | $241M | $158M | $171M | $191M |
| Net margin | 4.9% | 7.1% | 7.1% | 7.1% | 6.9% | 12.1% | 11.2% | 8.8% | 8.5% | 8.5% |
| EPS (diluted) | $4.17 | $6.68 | $7.40 | $8.10 | $8.25 | $21.34 | $26.95 | $18.37 | $20.71 | $23.98 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $45.8M | $59.0M | $32.8M | $102M | $114M | $144M | $256M | $225M | $178M | $267M |
| Capital expenditures | $5.29M | $8.39M | $7.64M | $14.3M | $25.5M | $18.7M | $44.1M | $17.4M | $21.4M | $35.4M |
| Free cash flow | $40.5M | $50.6M | $25.2M | $87.4M | $88.5M | $126M | $212M | $207M | $157M | $232M |
| Share buybacks | — | — | $0.00 | $0.00 | $1.44M | $59.6M | $103M | $109M | $149M | $160M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $133M | $187M | $187M | $242M | $322M | $244M | $271M | $353M | $356M | $237M |
| Total assets | $607M | $675M | $725M | $810M | $952M | $1.15B | $1.31B | $1.35B | $1.41B | $1.49B |
| Total liabilities | — | — | — | — | — | — | — | $321M | $342M | $388M |
| Shareholders' equity | $394M | $457M | $530M | $608M | $684M | $830M | $976M | $1.03B | $1.06B | $1.10B |
| Retained earnings | $148M | $209M | $280M | $355M | $431M | $629M | $869M | $1.03B | $1.20B | $1.39B |
| Shares (wtd avg diluted) | 9.11M | 9.20M | 9.27M | 9.27M | 9.29M | 9.26M | 8.92M | 8.59M | 8.26M | 7.95M |
Every figure is extracted from CAVCO INDUSTRIES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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