Cavco Industries, Inc. (CVCO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 550.13M | 580.99M | 556.53M | 556.86M | 508.36M | 522.04M | 507.46M | 477.6M | 420.12M | 446.77M | 452.03M | 475.88M | 476.38M | 500.6M | 577.39M | 588.34M | 505.48M | 431.71M | 359.54M | 330.42M |
| Revenue Growth % | 8.22% | 11.29% | 9.67% | 16.6% | 21% | 16.85% | 12.26% | 0.36% | -11.81% | -10.75% | -21.71% | -19.12% | -5.76% | 15.96% | 60.59% | 78.06% | 64.92% | 49.5% | 39.37% | 29.68% |
| Cost of Goods Sold | 423.07M | 445.07M | 422.12M | 427.35M | 392.24M | 392.09M | 391.34M | 374.2M | 321.1M | 343.72M | 345.07M | 358M | 355.74M | 368.63M | 419.79M | 443.61M | 375.88M | 316.51M | 269.62M | 256.41M |
| COGS % of Revenue | 76.9% | 76.61% | 75.85% | 76.74% | 77.16% | 75.11% | 77.12% | 78.35% | 76.43% | 76.93% | 76.34% | 75.23% | 74.68% | 73.64% | 72.7% | 75.4% | 74.36% | 73.31% | 74.99% | 77.6% |
| Gross Profit | 127.05M | 135.92M | 134.41M | 129.51M | 116.12M | 129.95M | 116.12M | 103.4M | 99.02M | 103.05M | 106.96M | 117.88M | 120.64M | 131.97M | 157.6M | 144.72M | 129.6M | 115.21M | 89.93M | 74.01M |
| Gross Margin % | 23.1% | 23.39% | 24.15% | 23.26% | 22.84% | 24.89% | 22.88% | 21.65% | 23.57% | 23.07% | 23.66% | 24.77% | 25.32% | 26.36% | 27.3% | 24.6% | 25.64% | 26.69% | 25.01% | 22.4% |
| Gross Profit Growth % | 9.42% | 4.59% | 15.75% | 25.25% | 17.27% | 26.1% | 8.57% | -12.28% | -17.93% | -21.91% | -32.13% | -18.55% | -6.91% | 14.55% | 75.25% | 95.54% | 82.86% | 94.48% | 67.96% | 33.78% |
| Operating Expenses | 75.58M | 81.36M | 72.23M | 69.15M | 77.49M | 65.98M | 67M | 64.85M | 61.42M | 63.31M | 61.51M | 61.68M | 66.39M | 58.9M | 66.89M | 66.14M | 59.73M | 60.32M | 45.37M | 40.83M |
| OpEx % of Revenue | 13.74% | 14% | 12.98% | 12.42% | 15.24% | 12.64% | 13.2% | 13.58% | 14.62% | 14.17% | 13.61% | 12.96% | 13.94% | 11.77% | 11.59% | 11.24% | 11.82% | 13.97% | 12.62% | 12.36% |
| Selling, General & Admin | 75.58M | 81.36M | 72.23M | 69.15M | 77.49M | 65.98M | 67M | 64.85M | 61.42M | 63.31M | 61.51M | 61.68M | 66.39M | 58.9M | 66.89M | 66.14M | 59.73M | 60.32M | 45.37M | 40.83M |
| SG&A % of Revenue | 13.74% | 14% | 12.98% | 12.42% | 15.24% | 12.64% | 13.2% | 13.58% | 14.62% | 14.17% | 13.61% | 12.96% | 13.94% | 11.77% | 11.59% | 11.24% | 11.82% | 13.97% | 12.62% | 12.36% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 51.47M | 54.56M | 62.18M | 60.36M | 38.63M | 63.97M | 49.13M | 38.55M | 37.59M | 39.74M | 45.45M | 56.2M | 54.25M | 73.06M | 90.7M | 78.59M | 69.87M | 54.89M | 44.56M | 33.18M |
| Operating Margin % | 9.36% | 9.39% | 11.17% | 10.84% | 7.6% | 12.25% | 9.68% | 8.07% | 8.95% | 8.89% | 10.05% | 11.81% | 11.39% | 14.6% | 15.71% | 13.36% | 13.82% | 12.71% | 12.39% | 10.04% |
| Operating Income Growth % | 33.25% | -14.71% | 26.57% | 56.57% | 2.76% | 60.98% | 8.08% | -31.4% | -30.71% | -45.61% | -49.89% | -28.49% | -22.36% | 33.12% | 103.58% | 136.85% | 159.63% | 130.38% | 146.33% | 65.91% |
| EBITDA | 57.85M | 44.06M | 67.51M | 65.53M | 43.59M | 68.75M | 53.88M | 43.31M | 42.26M | 44.36M | 50.12M | 60.77M | 58.98M | 76.95M | 95.04M | 82.53M | 74.14M | 58.45M | 46.17M | 34.76M |
| EBITDA Margin % | 10.52% | 7.58% | 12.13% | 11.77% | 8.57% | 13.17% | 10.62% | 9.07% | 10.06% | 9.93% | 11.09% | 12.77% | 12.38% | 15.37% | 16.46% | 14.03% | 14.67% | 13.54% | 12.84% | 10.52% |
| EBITDA Growth % | 32.73% | -35.92% | 25.29% | 51.29% | 3.13% | 54.99% | 7.51% | -28.72% | -28.34% | -42.36% | -47.27% | -26.38% | -20.45% | 31.67% | 105.85% | 137.46% | 160.12% | 130.31% | 134.88% | 60.82% |
| D&A (Non-Cash Add-back) | 6.38M | -10.5M | 5.33M | 5.17M | 4.96M | 4.78M | 4.76M | 4.76M | 4.67M | 4.62M | 4.67M | 4.57M | 4.73M | 3.89M | 4.34M | 3.95M | 4.27M | 3.56M | 1.61M | 1.58M |
| EBIT | 51.47M | 58.28M | 67.37M | 65.46M | 43.07M | 69.49M | 55.08M | 43.95M | 43.22M | 44.75M | 51.92M | 60.94M | 58.86M | 76.3M | 93.04M | 79.47M | 68.68M | 59.14M | 49.22M | 35.64M |
| Net Interest Income | 3.1M | 2.27M | 4.93M | 4.94M | 4.39M | 5.2M | 5.57M | 5.42M | 5.05M | 4.39M | 5.55M | 4.35M | 3.63M | 3.37M | 1.62M | 1.15M | -126K | -209K | -203K | -164K |
| Interest Income | 3.23M | 2.96M | 5.05M | 5.1M | 4.53M | 5.35M | 5.69M | 5.51M | 5.33M | 5.23M | 5.81M | 4.62M | 3.93M | 3.58M | 1.85M | 1.31M | 0 | 0 | 0 | 0 |
| Interest Expense | 134K | 683K | 112K | 164K | 147K | 155K | 125K | 90K | 284K | 842K | 257K | 266K | 300K | 216K | 233K | 161K | 126K | 209K | 203K | 164K |
| Other Income/Expense | 3.08M | 3.04M | 5.08M | 4.94M | 4.29M | 5.37M | 5.83M | 5.31M | 5.34M | 4.17M | 6.21M | 4.48M | 4.31M | 3.02M | 2.11M | 722K | -1.32M | 4.05M | 4.46M | 2.3M |
| Pretax Income | 54.55M | 57.6M | 67.25M | 65.3M | 42.92M | 69.34M | 54.95M | 43.86M | 42.94M | 43.91M | 51.66M | 60.68M | 58.56M | 76.08M | 92.81M | 79.31M | 68.56M | 58.94M | 49.02M | 35.48M |
| Pretax Margin % | 9.92% | 9.91% | 12.08% | 11.73% | 8.44% | 13.28% | 10.83% | 9.18% | 10.22% | 9.83% | 11.43% | 12.75% | 12.29% | 15.2% | 16.07% | 13.48% | 13.56% | 13.65% | 13.63% | 10.74% |
| Income Tax | 12.09M | 13.53M | 14.87M | 13.65M | 6.59M | 12.87M | 11.13M | 9.43M | 9M | 7.92M | 10.09M | 14.27M | 11.2M | 16.49M | 18.61M | 19.62M | 15.16M | -20.68M | 11.34M | 8.43M |
| Effective Tax Rate % | 22.16% | 23.49% | 22.11% | 20.91% | 15.36% | 18.57% | 20.26% | 21.5% | 20.96% | 18.04% | 19.53% | 23.51% | 19.13% | 21.68% | 20.05% | 24.73% | 22.11% | -35.09% | 23.13% | 23.77% |
| Net Income | 42.46M | 44.07M | 52.38M | 51.64M | 36.33M | 56.46M | 43.81M | 34.43M | 33.93M | 35.99M | 41.54M | 46.36M | 47.31M | 59.52M | 74.12M | 59.6M | 53.62M | 79.42M | 37.61M | 27.05M |
| Net Margin % | 7.72% | 7.58% | 9.41% | 9.27% | 7.15% | 10.82% | 8.63% | 7.21% | 8.08% | 8.05% | 9.19% | 9.74% | 9.93% | 11.89% | 12.84% | 10.13% | 10.61% | 18.4% | 10.46% | 8.19% |
| Net Income Growth % | 16.88% | -21.95% | 19.55% | 50% | 7.06% | 56.9% | 5.48% | -25.73% | -28.28% | -39.54% | -43.95% | -22.22% | -11.77% | -25.05% | 97.06% | 120.37% | 112.61% | 303.12% | 149.92% | 62.2% |
| Net Income (Continuing) | 42.46M | 44.07M | 52.38M | 51.64M | 36.33M | 56.46M | 43.81M | 34.43M | 33.93M | 35.99M | 41.57M | 46.41M | 47.36M | 59.59M | 74.2M | 59.69M | 53.4M | 79.61M | 37.68M | 27.05M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.22M | 932K | 926K | 677K | 825K | 1.2M | 1.13M | 0 |
| EPS (Diluted) | 5.42 | 5.58 | 6.55 | 6.42 | 4.47 | 6.90 | 5.28 | 4.11 | 4.03 | 4.27 | 4.76 | 5.29 | 5.39 | 6.66 | 8.25 | 6.63 | 5.80 | 8.57 | 4.06 | 2.92 |
| EPS Growth % | 21.25% | -19.13% | 24.05% | 56.2% | 10.92% | 61.59% | 10.92% | -22.31% | -25.23% | -35.89% | -42.3% | -20.21% | -7.07% | -22.29% | 103.2% | 127.05% | 114.02% | 304.25% | 150.62% | 62.22% |
| EPS (Basic) | 5.48 | 5.67 | 6.62 | 6.49 | 4.53 | 6.97 | 5.33 | 4.15 | 4.07 | 4.31 | 4.80 | 5.35 | 5.45 | 6.71 | 8.32 | 6.68 | 5.86 | 8.66 | 4.09 | 2.94 |
| Diluted Shares Outstanding | 7.84M | 7.98M | 7.99M | 8.04M | 8.12M | 8.19M | 8.3M | 8.37M | 8.43M | 8.43M | 8.73M | 8.76M | 8.78M | 8.94M | 8.98M | 8.99M | 9.24M | 9.27M | 9.27M | 9.28M |
| Basic Shares Outstanding | 7.75M | 7.89M | 7.91M | 7.95M | 8.12M | 8.1M | 8.23M | 8.29M | 8.34M | 8.36M | 8.66M | 8.67M | 8.68M | 8.87M | 8.9M | 8.92M | 9.15M | 9.17M | 9.19M | 9.2M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |