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Cavco Industries CVCO Financial services — Income Tax Expense (Benefit)

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Other financials

Income statement

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Revenue$550.1M+8.2%
Gross profit$127.1M+9.4%
Operating income$51.5M+33.2%
Net income$42.5M+16.9%
EPS (diluted)$5.43+21.7%

Balance sheet

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Cash & equivalents$236.7M-33.5%
Total debt$41.4M-4.9%
Total equity$1.1B+3.6%
Total assets$1.5B+6.0%

Cash flow

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Operating cash flow$67.4M+74.3%
CapEx$8.0M+31.1%
Free cash flow$59.3M+82.5%

Valuation

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Market cap$4.45B+24.6%
Enterprise value$4.25B+30.4%
P/E23.3×+4.4×
P/S+0.3×

Profitability

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Gross margin23.5%+0.4pp
Operating margin10.2%+0.7pp
Net margin8.5%0.0pp
FCF margin10.3%+2.5pp

Returns & leverage

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Return on equity17.6%+1.3pp
Debt / equity0.0×
Current ratio2.5×-0.5×

Where this comes from

Reported directly by Cavco Industries in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: Cavco Industries’s 10-K, filed May 22, 2026.

Filed
May 22, 2026, 5:01 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-037782
Interest expense(541)(541)
Other income, net3341335
Income before income taxes221,38023,320244,700
Income tax expense(49,693)(4,456)(54,149)
Net Income$$171,687$$18,864$$190,551
Year Ended March 28, 2026
Factory-built housingFinancial servicesConsolidated
Depreciation$$20,859$$220$$21,079

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Cavco Industries's financial services — income tax expense (benefit)?
Cavco Industries (CVCO) reported financial services — income tax expense (benefit) of $1.17M in Q1 2026.
How has Cavco Industries's financial services — income tax expense (benefit) changed year-over-year?
Cavco Industries's financial services — income tax expense (benefit) increased by 382.2% year-over-year, from $242K to $1.17M.
What is the long-term trend for Cavco Industries's financial services — income tax expense (benefit)?
Over 4 years (2022 to 2026), Cavco Industries's financial services — income tax expense (benefit) has grown at a 7.0% compound annual growth rate (CAGR), from $3.39M to $4.46M.
What does financial services — income tax expense (benefit) mean?
Represents the provision for income taxes or the benefit derived from tax credits applicable to the financial services segment. It reflects the impact of tax regulations on the segment's net contribution to the overall company.

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