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Cavco Industries CVCO Freight — Cost of Sales

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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:CostOfGoodsAndServicesSold.

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

Freight. Substantially all freight costs are recovered from our distributors and are included in Net revenue. Freight charges of $67.7 million, $66.0 million and $50.9 million were recognized in fiscal years 2026, 2025 and 2024, respectively.

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Cavco Industries's freight — cost of sales?
Cavco Industries (CVCO) reported freight — cost of sales of $16.93M in Q1 2026.
How has Cavco Industries's freight — cost of sales changed year-over-year?
Cavco Industries's freight — cost of sales increased by 2.6% year-over-year, from $16.5M to $16.93M.
What is the long-term trend for Cavco Industries's freight — cost of sales?
Over 4 years (2022 to 2026), Cavco Industries's freight — cost of sales has grown at a 13.0% compound annual growth rate (CAGR), from $41.5M to $67.7M.
What does freight — cost of sales mean?
This metric represents the direct costs associated with the transportation and logistics operations required to deliver factory-built housing units to retail locations or end customers. It encompasses expenses such as fuel, driver wages, equipment maintenance, and third-party shipping fees incurred by the freight segment. Monitoring this cost is essential for evaluating the operational efficiency of the company's internal logistics network and its impact on overall segment profitability.

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