CVCO: Cavco Industries Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Cavco Industries Inc (CVCO).

OverviewDividends

$4.12B Market Cap.

As of 05/23/2025 5:00 PM ET (MRY) • Disclaimer

CVCO Market Cap. (MRY)


CVCO Shares Outstanding (MRY)


CVCO Assets (MRY)


Total Assets

$1.41B

Total Liabilities

$342.06M

Total Investments

$137.66M

CVCO Income (MRY)


Revenue

$2.02B

Net Income

$171.04M

Operating Expense

$275.31M

CVCO Cash Flow (MRY)


CF Operations

$178.50M

CF Investing

-$23.95M

CF Financing

-$147.95M

CVCO Balance Sheet (MRY)


Metric

2025

2024

2023

2022

Total Assets

$1,406,645,000 (3.88%)

$1,354,160,000 (3.53%)

$1,307,975,000 (13.25%)

$1,154,972,000 (21.34%)

Assets Current

$910,186,000 (6.85%)

$851,799,000 (5.87%)

$804,579,000 (8.13%)

$744,117,000 (14.16%)

Assets Non-Current

$496,459,000 (-1.17%)

$502,361,000 (-0.21%)

$503,396,000 (22.52%)

$410,855,000 (36.94%)

Goodwill & Intangible Assets

$138,700,000 (-7.63%)

$150,155,000 (4.03%)

$144,337,000 (11.50%)

$129,452,000 (44.72%)

Shareholders Equity

$1,064,582,000 (3.02%)

$1,033,411,000 (5.85%)

$976,286,000 (17.56%)

$830,455,000 (21.48%)

Property Plant & Equipment Net

$263,196,000 (-0.01%)

$263,226,000 (3.21%)

$255,033,000 (40.93%)

$180,968,000 (60.08%)

Cash & Equivalents

$375,345,000 (1.79%)

$368,753,000 (30.08%)

$283,490,000 (9.31%)

$259,334,000 (-23.57%)

Accumulated Other Comprehensive Income

$9,000 (102.70%)

-$333,000 (45.85%)

-$615,000 (-52.61%)

-$403,000 (-515.46%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$137,655,000 (8.71%)

$126,627,000 (-6.61%)

$135,594,000 (9.72%)

$123,585,000 (25.06%)

Investments Current

$66,215,000 (7.52%)

$61,586,000 (4.33%)

$59,032,000 (11.95%)

$52,730,000 (36.15%)

Investments Non-Current

$71,440,000 (9.84%)

$65,041,000 (-15.05%)

$76,562,000 (8.05%)

$70,855,000 (17.91%)

Inventory

$252,695,000 (4.71%)

$241,339,000 (-8.29%)

$263,150,000 (7.86%)

$243,971,000 (85.91%)

Trade & Non-Trade Receivables

$162,386,000 (33.99%)

$121,190,000 (-9.22%)

$133,495,000 (-8.52%)

$145,936,000 (19.43%)

Trade & Non-Trade Payables

$37,195,000 (10.93%)

$33,531,000 (9.11%)

$30,730,000 (-28.67%)

$43,082,000 (34.13%)

Accumulated Retained Earnings (Deficit)

$1,198,163,000 (16.65%)

$1,027,127,000 (18.15%)

$869,310,000 (38.26%)

$628,756,000 (45.86%)

Tax Assets

$1,853,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$4,575,000 (-39.65%)

$7,581,000 (37.14%)

$5,528,000 (-25.23%)

Total Debt

$31,538,000 (-10.27%)

$35,148,000 (62.14%)

$21,678,000 (64.75%)

$13,158,000 (-48.49%)

Debt Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Debt Non-Current

$31,538,000 (-10.27%)

$35,148,000 (62.14%)

$21,678,000 (64.75%)

$13,158,000 (-44.47%)

Total Liabilities

$342,063,000 (6.65%)

$320,749,000 (-3.30%)

$331,689,000 (2.21%)

$324,517,000 (21.00%)

Liabilities Current

$303,166,000 (10.94%)

$273,267,000 (-6.86%)

$293,391,000 (-0.26%)

$294,170,000 (24.07%)

Liabilities Non-Current

$38,897,000 (-18.08%)

$47,482,000 (23.98%)

$38,298,000 (26.20%)

$30,347,000 (-2.39%)

CVCO Income Statement (MRY)


Metric

2025

2024

2023

2022

Revenues

$2,015,458,000 (12.29%)

$1,794,792,000 (-16.24%)

$2,142,713,000 (31.68%)

$1,627,158,000 (46.85%)

Cost of Revenue

$1,549,867,000 (13.30%)

$1,367,890,000 (-13.85%)

$1,587,781,000 (30.32%)

$1,218,409,000 (40.20%)

Selling General & Administrative Expense

$275,315,000 (11.05%)

$247,920,000 (-4.03%)

$258,323,000 (25.25%)

$206,253,000 (37.36%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$275,315,000 (11.05%)

$247,920,000 (-4.03%)

$258,323,000 (25.25%)

$206,253,000 (37.36%)

Interest Expense

$517,000 (-68.65%)

$1,649,000 (81.21%)

$910,000 (29.63%)

$702,000 (-4.88%)

Income Tax Expense

$40,034,000 (-3.01%)

$41,275,000 (-37.39%)

$65,922,000 (362.71%)

$14,247,000 (-29.70%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$171,036,000 (8.32%)

$157,905,000 (-34.44%)

$240,841,000 (21.80%)

$197,742,000 (157.99%)

Net Income to Non-Controlling Interests

$0 (0%)

$88,000 (-69.34%)

$287,000 (567.44%)

$43,000 (0%)

Net Income

$171,036,000 (8.38%)

$157,817,000 (-34.39%)

$240,554,000 (21.68%)

$197,699,000 (157.94%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$171,036,000 (8.38%)

$157,817,000 (-34.39%)

$240,554,000 (21.68%)

$197,699,000 (157.94%)

Weighted Average Shares

$8,157,615 (-4.10%)

$8,506,673 (-3.82%)

$8,844,326 (-3.64%)

$9,178,593 (-0.11%)

Weighted Average Shares Diluted

$8,259,956 (-3.86%)

$8,591,911 (-3.73%)

$8,924,452 (-3.67%)

$9,264,153 (-0.31%)

Earning Before Interest & Taxes (EBIT)

$211,587,000 (5.40%)

$200,741,000 (-34.69%)

$307,386,000 (44.55%)

$212,648,000 (117.77%)

Gross Profit

$465,591,000 (9.06%)

$426,902,000 (-23.07%)

$554,932,000 (35.76%)

$408,749,000 (71.04%)

Operating Income

$190,276,000 (6.31%)

$178,982,000 (-39.66%)

$296,609,000 (46.48%)

$202,496,000 (127.97%)

CVCO Cash Flow Statement (MRY)


Metric

2025

2024

2023

2022

Net Cash Flow from Investing

-$23,955,000 (24.45%)

-$31,709,000 (75.48%)

-$129,341,000 (18.71%)

-$159,102,000 (-581.41%)

Net Cash Flow from Financing

-$147,949,000 (-37.36%)

-$107,710,000 (-5.40%)

-$102,196,000 (-57.00%)

-$65,095,000 (-832.33%)

Net Cash Flow from Operations

$178,496,000 (-20.56%)

$224,682,000 (-12.13%)

$255,693,000 (77.29%)

$144,224,000 (26.48%)

Net Cash Flow / Change in Cash & Cash Equivalents

$6,592,000 (-92.27%)

$85,263,000 (252.97%)

$24,156,000 (130.21%)

-$79,973,000 (-195.55%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

-$19,195,000 (81.83%)

-$105,662,000 (25.29%)

-$141,429,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$2,712,000 (-2758.82%)

$102,000 (-99.45%)

$18,611,000 (5432.66%)

-$349,000 (-117.92%)

Capital Expenditure

-$21,243,000 (-68.38%)

-$12,616,000 (70.17%)

-$42,290,000 (-144.11%)

-$17,324,000 (31.52%)

Issuance (Repayment) of Debt Securities

-$311,000 (36.27%)

-$488,000 (23.87%)

-$641,000 (93.09%)

-$9,277,000 (-240.57%)

Issuance (Purchase) of Equity Shares

-$144,197,000 (-37.57%)

-$104,814,000 (-5.13%)

-$99,703,000 (-80.70%)

-$55,177,000 (-4567.77%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$8,683,000 (28.45%)

$6,760,000 (7.92%)

$6,264,000 (23.82%)

$5,059,000 (15.19%)

Depreciation Amortization & Accretion

$19,259,000 (3.96%)

$18,525,000 (9.60%)

$16,903,000 (53.43%)

$11,017,000 (74.21%)

CVCO Financial Metrics (MRY)


Metric

2025

2024

2023

2022

Gross Margin

23.10% (-2.94%)

23.80% (-8.11%)

25.90% (3.19%)

25.10% (16.20%)

Profit Margin

8.50% (-3.41%)

8.80% (-21.43%)

11.20% (-7.44%)

12.10% (75.36%)

EBITDA Margin

11.50% (-5.74%)

12.20% (-19.21%)

15.10% (10.22%)

13.70% (45.74%)

Return on Average Equity (ROAE)

16.30% (5.16%)

15.50% (-40.15%)

25.90% (0.39%)

25.80% (120.51%)

Return on Average Assets (ROAA)

12.30% (5.13%)

11.70% (-39.06%)

19.20% (4.35%)

18.40% (113.95%)

Return on Sales (ROS)

10.50% (-6.25%)

11.20% (-21.68%)

14.30% (9.16%)

13.10% (48.86%)

Return on Invested Capital (ROIC)

35.30% (0.86%)

35.00% (-40.27%)

58.60% (15.35%)

50.80% (55.35%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

24.51 (13.93%)

21.51 (84.16%)

11.68 (3.20%)

11.32 (-59.38%)

Price to Sales Ratio (P/S)

2.08 (9.99%)

1.89 (44.13%)

1.31 (-4.58%)

1.38 (-28.65%)

Price to Book Ratio (P/B)

3.87 (20.04%)

3.22 (13.93%)

2.83 (5.13%)

2.69 (-13.89%)

Debt to Equity Ratio (D/E)

0.32 (3.55%)

0.31 (-8.82%)

0.34 (-13.04%)

0.39 (-0.26%)

Earnings Per Share (EPS)

20.97 (13.05%)

18.55 (-31.80%)

27.2 (26.28%)

21.54 (158.27%)

Sales Per Share (SPS)

247.06 (17.10%)

210.99 (-12.91%)

242.27 (36.66%)

177.28 (47.02%)

Free Cash Flow Per Share (FCFPS)

19.28 (-22.67%)

24.93 (3.32%)

24.13 (74.52%)

13.83 (43.19%)

Book Value Per Share (BVPS)

130.5 (7.42%)

121.48 (10.05%)

110.39 (22.00%)

90.48 (21.61%)

Tangible Assets Book Value Per Share (TABVPS)

155.43 (9.82%)

141.54 (7.58%)

131.57 (17.76%)

111.73 (19.05%)

Enterprise Value Over EBIT (EV/EBIT)

18 (20.00%)

15 (87.50%)

8 (-11.11%)

9 (-52.63%)

Enterprise Value Over EBITDA (EV/EBITDA)

16.34 (19.50%)

13.67 (85.57%)

7.37 (-16.60%)

8.83 (-49.61%)

Asset Turnover

1.45 (8.88%)

1.33 (-22.14%)

1.71 (12.60%)

1.52 (22.46%)

Current Ratio

3 (-3.69%)

3.12 (13.68%)

2.74 (8.38%)

2.53 (-7.97%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$157,253,000 (-25.85%)

$212,066,000 (-0.63%)

$213,403,000 (68.17%)

$126,900,000 (43.01%)

Enterprise Value (EV)

$3,771,283,546 (25.82%)

$2,997,478,379 (25.47%)

$2,388,999,920 (20.92%)

$1,975,617,542 (8.40%)

Earnings Before Tax (EBT)

$211,070,000 (6.02%)

$199,092,000 (-35.04%)

$306,476,000 (44.60%)

$211,946,000 (118.70%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$230,846,000 (5.28%)

$219,266,000 (-32.39%)

$324,289,000 (44.99%)

$223,665,000 (115.12%)

Invested Capital

$620,972,000 (3.99%)

$597,133,000 (-1.86%)

$608,435,000 (25.41%)

$485,174,000 (55.75%)

Working Capital

$607,020,000 (4.92%)

$578,532,000 (13.17%)

$511,188,000 (13.61%)

$449,947,000 (8.50%)

Tangible Asset Value

$1,267,945,000 (5.31%)

$1,204,005,000 (3.47%)

$1,163,638,000 (13.47%)

$1,025,520,000 (18.92%)

Market Capitalization

$4,118,437,546 (23.65%)

$3,330,801,379 (20.58%)

$2,762,335,920 (23.62%)

$2,234,449,542 (4.59%)

Average Equity

$1,050,581,000 (2.89%)

$1,021,048,000 (10.02%)

$928,070,000 (20.97%)

$767,212,500 (17.58%)

Average Assets

$1,392,824,250 (3.12%)

$1,350,648,500 (7.60%)

$1,255,228,750 (16.91%)

$1,073,627,000 (19.99%)

Invested Capital Average

$599,679,500 (4.56%)

$573,545,750 (9.31%)

$524,684,250 (25.45%)

$418,226,750 (40.14%)

Shares

8,013,148 (-4.00%)

8,346,618 (-3.99%)

8,693,699 (-5.13%)

9,163,589 (-0.31%)