CVCO: Cavco Industries Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Cavco Industries Inc (CVCO).
$4.12B Market Cap.
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%) |
