CVCO CAVCO INDUSTRIES, INC.

FY2025 10-K
Filed: May 23, 2025
Materials
Mobile HomesSEC EDGAR

CAVCO INDUSTRIES, INC. (CVCO) filed its fiscal year 2025 10-K annual report with the SEC on May 23, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: design and manufacture factory-built homes including manufactured, modular, park model RVs, commercial structures, with associated retail, financing, and insurance services
  • New branding strategy: unified all trade names under "Cavco + city" brand to strengthen corporate identity and simplify product segmentation for digital marketing
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Management Discussion & Analysis

  • Revenue $2.015B, up 12.3% YoY; factory-built housing $1.933B (+12.6%), financial services $82.3M (+5.3%)
  • Gross profit $465.6M (+9.1%) with margins declining: consolidated 23.1% vs 23.8%, factory-built housing 22.9% vs 23.2%, financial services 28.9% vs 35.8%
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Risk Factors

  • No material cybersecurity risk realized or reasonably expected to date per senior IT leadership assessment
  • Board delegates cybersecurity oversight to Legal and Compliance Oversight and Audit Committees with structured reporting channels
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Financial Summary
XBRL

Revenue

$2.0B

Net Income

$171M

Gross Margin

23.1%

Operating Margin

9.4%

Net Margin

8.5%

ROE

16.1%

Total Assets

$1.4B

EPS (Diluted)

$20.71

Operating Cash Flow

$178M

Source: XBRL data from CAVCO INDUSTRIES, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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