NASDAQ$CVCO
Cavco Industries Inc · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
Cavco's fiscal Q4 net revenue reached $550.1M with net income of $42.5M as factory-built housing ASP gains offset a seasonal slowdown from the December quarter
For the fiscal fourth quarter ended March 28, 2026, Cavco derived net revenue of $550.1 million and net income of $42.5 million by subtracting nine-month results reported through December 27, 2025 from full-year totals in the annual report. Factory-built housing contributed $528.0 million of Q4 revenue versus $487.9 million in the prior-year quarter, while financial services added $22.1 million compared with $20.5 million a year ago. Q4 gross profit was $127.1 million, operating income $51.5 million, and diluted EPS approximately $5.38 on net income of $42.5 million, down modestly from Q3's $44.1 million profit as home sales seasonally normalized after the December peak. Operating cash flow in the quarter was roughly $67.4 million, helping full-year operating cash flow reach $267.5 million despite $172.8 million spent on the American Homestar acquisition. For fiscal 2026 overall, Cavco reported $2.24 billion in net revenue, net income of $190.6 million, and diluted EPS of $23.98.
- Q4 net revenue was $550.1M with factory-built housing at $528.0M and financial services at $22.1M
- Q4 net income of $42.5M and operating income of $51.5M compared with $36.3M net income in the prior-year Q4
- Diluted EPS of approximately $5.38 in Q4 contributed to full-year EPS of $23.98 on $190.6M net income
- Q4 operating cash flow of ~$67.4M helped drive full-year operating cash flow of $267.5M
- Full-year FY2026 revenue reached $2.24B including $90.5M from American Homestar since the September acquisition
Headline financials
Revenue & EPS history
Cavco · Revenue · Quarterly
$550M
Revenue by segment
Cavco · $550M total across 2 segments · Q4 2026
- Factory-Built Housing$528M—96.0%
- Financial Services$22.1M—4.0%
Forward guidance
No discrete Q4 guidance was issued; the annual filing cites a $195M wholesale backlog, continued share repurchases under a new $150M authorization, and the forward-flow consumer loan sale program requiring at least $25M of eligible loans offered per quarter.
Tailwinds
- Higher average selling prices continued to lift factory-built housing revenue per home above $103K for the full year
- Financial services segment remained profitable in Q4 with $22.1M of revenue
Headwinds
- Q4 net income trailed the fiscal Q3 level as manufactured housing sales seasonally moderated
- Cash declined to $236.7M after funding the American Homestar acquisition and ongoing repurchases
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2026
+1.0%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+4.9%
Avg return
30 days after
59%
37 / 63 earnings
Positive
+18.0%
Q3 2018
Best reaction
-23.5%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -20.3% | -18.1% | -6.5% | |
| Q2 2026 | +6.4% | +11.1% | +18.2% | |
| Q1 2026 | +4.9% | +11.7% | +31.4% | |
| Q4 2025 | -5.4% | -12.9% | -20.4% | |
| Q3 2025 | +6.7% | +12.0% | +10.0% | |
| Q2 2025 | +7.9% | +10.6% | +24.3% | |
| Q1 2025 | -7.6% | -12.3% | -0.3% | |
| Q4 2024 | -1.7% | -1.3% | +1.1% | |
| Q3 2024 | +3.4% | +6.3% | +14.2% | |
| Q2 2024 | +9.0% | +5.5% | +17.4% | |
| Q1 2024 | +1.3% | +3.9% | -0.6% | |
| Q4 2023 | -6.1% | -4.3% | -6.6% | |
| Q3 2023 | -0.5% | +5.6% | +6.6% | |
| Q2 2023 | -1.1% | +3.8% | +17.8% | |
| Q1 2023 | +9.2% | +9.9% | -11.1% | |
| Q4 2022 | +4.4% | +5.9% | -5.3% | |
| Q3 2022 | +6.0% | +7.2% | -1.4% | |
| Q2 2022 | +3.2% | +13.8% | +19.3% | |
| Q1 2022 | +4.0% | +5.6% | +5.8% | |
| Q4 2021 | +4.0% | +5.0% | +4.3% | |
| Q3 2021 | +3.6% | +12.1% | +15.9% | |
| Q2 2021 | -1.5% | +10.5% | +7.3% | |
| Q1 2021 | +4.0% | +7.2% | +0.7% | |
| Q4 2020 | +9.8% | +1.9% | -1.6% | |
| Q3 2020 | +2.8% | +3.1% | -7.5% | |
| Q2 2020 | -4.8% | -3.9% | -2.1% | |
| Q1 2020 | +8.0% | +8.1% | +11.2% | |
| Q4 2019 | +17.5% | +13.5% | +19.1% | |
| Q3 2019 | -17.1% | -13.9% | -22.0% | |
| Q2 2019 | -23.5% | -22.2% | -30.4% | |
| Q1 2019 | +5.0% | +6.8% | +16.0% | |
| Q4 2018 | +10.2% | +19.4% | +12.5% | |
| Q3 2018 | +18.0% | +10.9% | +20.1% | |
| Q2 2018 | -3.8% | -5.0% | -5.1% | |
| Q1 2018 | +2.5% | -7.1% | -1.5% | |
| Q4 2017 | +11.2% | +11.5% | +11.8% | |
| Q3 2017 | +10.6% | +14.3% | +20.0% | |
| Q2 2017 | +3.6% | +4.7% | +12.2% | |
| Q1 2017 | -0.8% | +2.6% | +6.4% | |
| Q4 2016 | +5.6% | +4.7% | -6.2% | |
| Q3 2016 | +5.9% | — | — | |
| Q2 2016 | +17.9% | — | — | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +1.7% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | -2.6% | — | — | |
| Q4 2014 | +6.6% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | -5.5% | — | — | |
| Q1 2014 | +5.3% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | -3.4% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2012 | -3.5% | — | — | |
| Q4 2011 | -12.1% | — | — | |
| Q2 2011 | -12.1% | — | — | |
| Q1 2012 | -12.1% | — | — | |
| Q1 2011 | -12.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro