What does changes in unrecognized tax benefits mean?

Reflects the financial impact of uncertain tax positions, including reserves for potential tax audits or disputes with taxing authorities. It represents the estimated liability for tax positions that may not be sustained upon examination.

Cavco Industries CVCO Changes in unrecognized tax benefits

Changes in unrecognized tax benefits at other companies

LKQLKQ

$250K—

FTI ConsultingFCN

$5.75K—

Cavco IndustriesCVCO

$26.75K—

ValvolineVVV

$0-100%

Equitable HoldingsEQH

-$3.75M+46.4%

WingstopWING

$778.5K+363%

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%

Enterprise value$4.44B-7.5%

P/E24.3×-5.7×

P/S2.1×-0.5×

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

Reported directly by Cavco Industries in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationTaxContingencies.

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 changes in unrecognized tax benefits?: Cavco Industries (CVCO) reported changes in unrecognized tax benefits of $26.75K in Q1 2026.
What does changes in unrecognized tax benefits mean?: Reflects the financial impact of uncertain tax positions, including reserves for potential tax audits or disputes with taxing authorities. It represents the estimated liability for tax positions that may not be sustained upon examination.