Cavco Industries Inc
Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military… Read more
Cavco Industries Inc (CVCO) - Net Assets
Latest net assets as of December 2025: $1.09 Billion USD
Based on the latest financial reports, Cavco Industries Inc (CVCO) has net assets worth $1.09 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.47 Billion) and total liabilities ($382.98 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.09 Billion |
| % of Total Assets | 73.99% |
| Annual Growth Rate | 9.34% |
| 5-Year Change | 28.07% |
| 10-Year Change | 201.39% |
| Growth Volatility | 16.97 |
Cavco Industries Inc - Net Assets Trend (1999–2025)
This chart illustrates how Cavco Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cavco Industries Inc (1999–2025)
The table below shows the annual net assets of Cavco Industries Inc from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.06 Billion | +3.02% |
| 2024-03-31 | $1.03 Billion | +5.72% |
| 2023-03-31 | $977.50 Million | +17.59% |
| 2022-03-31 | $831.28 Million | 0.00% |
| 2021-03-31 | $831.28 Million | +36.82% |
| 2020-03-31 | $607.59 Million | +14.73% |
| 2019-03-31 | $529.59 Million | +15.86% |
| 2018-03-31 | $457.11 Million | +15.90% |
| 2017-03-31 | $394.41 Million | +11.66% |
| 2016-03-31 | $353.23 Million | +10.33% |
| 2015-03-31 | $320.15 Million | +10.23% |
| 2014-03-31 | $290.43 Million | +8.01% |
| 2013-03-31 | $268.88 Million | +5.49% |
| 2012-03-31 | $254.88 Million | +36.68% |
| 2011-03-31 | $186.49 Million | +3.40% |
| 2010-03-31 | $180.35 Million | +21.83% |
| 2009-03-31 | $148.04 Million | +1.15% |
| 2008-03-31 | $146.35 Million | +5.98% |
| 2007-03-31 | $138.09 Million | +10.45% |
| 2006-03-31 | $125.03 Million | +15.44% |
| 2005-03-31 | $108.31 Million | +10.60% |
| 2004-03-31 | $97.93 Million | +6.05% |
| 2003-03-31 | $92.35 Million | +62.09% |
| 2002-03-31 | $56.97 Million | -2.46% |
| 2001-03-31 | $58.41 Million | -31.84% |
| 2000-03-31 | $85.70 Million | -17.91% |
| 1999-03-31 | $104.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cavco Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 119816300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.20 Billion | 112.55% |
| Common Stock | $94.00K | 0.01% |
| Other Comprehensive Income | $9.00K | 0.00% |
| Total Equity | $1.06 Billion | 100.00% |
Cavco Industries Inc Competitors by Market Cap
The table below lists competitors of Cavco Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT. Chandra Asri Petrochemical Tbk
PINK:PTPIF
|
$3.88 Billion |
|
Compal Electronics Inc
TW:2324
|
$3.88 Billion |
|
Nexans S.A
PINK:NXPRF
|
$3.88 Billion |
|
ServiceTitan, Inc. Class A Common Stock
NASDAQ:TTAN
|
$3.89 Billion |
|
JD Health International Inc
PINK:JDHIY
|
$3.88 Billion |
|
Maximus Inc
NYSE:MMS
|
$3.88 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
$3.88 Billion |
|
Yue Yuen Industrial Holdings
PINK:YUEIY
|
$3.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cavco Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,033,411,000 to 1,064,582,000, a change of 31,171,000 (3.0%).
- Net income of 171,036,000 contributed positively to equity growth.
- Share repurchases of 148,680,000 reduced equity.
- Other comprehensive income increased equity by 342,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $171.04 Million | +16.07% |
| Share Repurchases | $148.68 Million | -13.97% |
| Other Comprehensive Income | $342.00K | +0.03% |
| Other Changes | $8.47 Million | +0.8% |
| Total Change | $- | 3.02% |
Book Value vs Market Value Analysis
This analysis compares Cavco Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.93x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 30.05x to 3.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-03-31 | $16.84 | $505.95 | x |
| 2000-03-31 | $13.82 | $505.95 | x |
| 2001-03-31 | $9.28 | $505.95 | x |
| 2002-03-31 | $9.05 | $505.95 | x |
| 2003-03-31 | $14.67 | $505.95 | x |
| 2004-03-31 | $7.76 | $505.95 | x |
| 2005-03-31 | $16.52 | $505.95 | x |
| 2006-03-31 | $18.53 | $505.95 | x |
| 2007-03-31 | $20.83 | $505.95 | x |
| 2008-03-31 | $21.96 | $505.95 | x |
| 2009-03-31 | $22.12 | $505.95 | x |
| 2010-03-31 | $22.37 | $505.95 | x |
| 2011-03-31 | $21.97 | $505.95 | x |
| 2012-03-31 | $24.23 | $505.95 | x |
| 2013-03-31 | $25.17 | $505.95 | x |
| 2014-03-31 | $34.66 | $505.95 | x |
| 2015-03-31 | $35.51 | $505.95 | x |
| 2016-03-31 | $39.05 | $505.95 | x |
| 2017-03-31 | $43.31 | $505.95 | x |
| 2018-03-31 | $49.68 | $505.95 | x |
| 2019-03-31 | $57.14 | $505.95 | x |
| 2020-03-31 | $65.55 | $505.95 | x |
| 2021-03-31 | $89.36 | $505.95 | x |
| 2022-03-31 | $89.64 | $505.95 | x |
| 2023-03-31 | $109.39 | $505.95 | x |
| 2024-03-31 | $120.28 | $505.95 | x |
| 2025-03-31 | $128.88 | $505.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cavco Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.07%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.49%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 1.32x
- Recent ROE (16.07%) is above the historical average (6.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 10.63% | 8.04% | 0.91x | 1.46x | $660.00K |
| 2000 | 8.05% | 5.82% | 0.83x | 1.66x | $-1.67 Million |
| 2001 | -46.69% | -28.56% | 0.80x | 2.05x | $-33.11 Million |
| 2002 | -2.52% | -1.50% | 0.82x | 2.04x | $-7.13 Million |
| 2003 | -4.92% | -4.13% | 0.99x | 1.20x | $-13.78 Million |
| 2004 | 6.28% | 4.77% | 0.99x | 1.33x | $-3.64 Million |
| 2005 | 9.35% | 6.43% | 1.08x | 1.34x | $-704.00K |
| 2006 | 12.04% | 7.94% | 1.12x | 1.35x | $2.55 Million |
| 2007 | 8.36% | 6.83% | 0.98x | 1.25x | $-2.26 Million |
| 2008 | 4.31% | 4.45% | 0.78x | 1.24x | $-8.32 Million |
| 2009 | 0.31% | 0.43% | 0.59x | 1.21x | $-14.35 Million |
| 2010 | -2.31% | -2.92% | 0.50x | 1.59x | $-17.95 Million |
| 2011 | 1.88% | 1.65% | 0.64x | 1.79x | $-12.24 Million |
| 2012 | 9.05% | 3.44% | 1.01x | 2.60x | $-1.60 Million |
| 2013 | 2.81% | 1.10% | 1.02x | 2.51x | $-12.73 Million |
| 2014 | 5.59% | 3.04% | 1.14x | 1.62x | $-12.81 Million |
| 2015 | 7.44% | 4.20% | 1.13x | 1.57x | $-8.20 Million |
| 2016 | 8.08% | 4.01% | 1.29x | 1.57x | $-6.78 Million |
| 2017 | 9.62% | 4.91% | 1.27x | 1.54x | $-1.49 Million |
| 2018 | 13.45% | 7.06% | 1.29x | 1.48x | $15.79 Million |
| 2019 | 12.96% | 7.13% | 1.33x | 1.37x | $15.66 Million |
| 2020 | 12.35% | 7.07% | 1.31x | 1.33x | $14.31 Million |
| 2021 | 9.23% | 6.92% | 0.96x | 1.39x | $-6.40 Million |
| 2022 | 23.81% | 12.15% | 1.41x | 1.39x | $114.65 Million |
| 2023 | 24.64% | 11.23% | 1.64x | 1.34x | $142.93 Million |
| 2024 | 15.27% | 8.79% | 1.33x | 1.31x | $54.48 Million |
| 2025 | 16.07% | 8.49% | 1.43x | 1.32x | $64.58 Million |
Industry Comparison
This section compares Cavco Industries Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $2,481,433,778
- Average return on equity (ROE) among peers: -2.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cavco Industries Inc (CVCO) | $1.09 Billion | 10.63% | 0.35x | $3.88 Billion |
| Auscrete Corp (ASCK) | $-17.40K | 0.00% | 0.00x | $6.25K |
| BDCC (BDCC) | $977.67K | -17.59% | 0.06x | $875.45K |
| Barratt Developments PLC (BTDPY) | $269.50 Million | 18.07% | 1.18x | $7.57 Billion |
| Vistry Group PLC (BVHMF) | $710.82 Million | 1.97% | 0.31x | $1.54 Billion |
| BVHMY (BVHMY) | $3.32 Billion | 6.48% | 0.83x | $1.44 Billion |
| Beazer Homes USA Inc (BZH) | $262.25 Million | -55.42% | 6.56x | $561.31 Million |
| Calgro M3 Holdings Limited (CLMHF) | $1.43 Billion | 11.51% | 1.28x | $27.19 Million |
| Cairn Homes plc (CNHHY) | $778.78 Million | 5.55% | 0.30x | $1.56 Billion |
| Consorcio ARA S. A. B. de C. V. (CNRFF) | $15.56 Billion | 4.41% | 0.56x | $85.90 Million |