What is Cavco Industries's net debt?

Cavco Industries (CVCO) reported net debt of -$195.32M in Q1 2026.

How has Cavco Industries's net debt changed year-over-year?

Cavco Industries's net debt increased by 37.5% year-over-year, from -$312.68M to -$195.32M.

What is the long-term trend for Cavco Industries's net debt?

Over 5 years (2021 to 2026), Cavco Industries's net debt has grown at a -7.9% compound annual growth rate (CAGR), from -$294.1M to -$195.32M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Cavco Industries CVCO Net debt

Discontinued — last reported Q4 '26

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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$4.64B-9.7%

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 / equity0×0.0×

Current ratio2.5×-0.5×

Where this comes from

Calculated from Cavco Industries’s reported figures.

$41.4Mtotal debt−$236.7Mcash and equivalents=-$195.32M

The official record: Cavco Industries’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cavco Industries's net debt?: Cavco Industries (CVCO) reported net debt of -$195.32M in Q1 2026.
How has Cavco Industries's net debt changed year-over-year?: Cavco Industries's net debt increased by 37.5% year-over-year, from -$312.68M to -$195.32M.
What is the long-term trend for Cavco Industries's net debt?: Over 5 years (2021 to 2026), Cavco Industries's net debt has grown at a -7.9% compound annual growth rate (CAGR), from -$294.1M to -$195.32M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.