Filing Flows › Cavco Industries (CVCO) › Q4 FY26
Cavco Industries (CVCO) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 22, 2026
Cavco Industries (CVCO) reported revenue of $550M for the fourth quarter fiscal 2026 (Q4 FY26), +8% from a year earlier and -5% from the quarter before. Operating margin was 9.4%, net earnings $42.5M (7.7% of revenue).
Cavco Industries, Q4 FY26: revenue $550M (+8% year over year), operating margin 9.4%, net earnings $42.5M, operating cash flow $67.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $550M | -5% | +8% |
| Gross profit | $127M | -7% | +9% |
| Operating profit | $51.5M | -6% | +33% |
| Net earnings | $42.5M | -4% | +17% |
| Operating cash flow | $67.4M | +2% | +74% |
| Free cash flow | $59.3M | +3% | +83% |
What changed
Revenue was $550.1M in Q4 FY26, up 8% year over year and down 5% from the previous quarter. Factory-built housing was the largest line at 96% of revenue.
Gross margin was 23.1%, up 0.3 points from Q4 FY25. Operating profit was $51.5M, a 9.4% margin (up 1.8 points year over year). Of the extra revenue versus Q4 FY25, 31% reached operating profit, above the 8% margin then. Operating expenses fell 2% while revenue rose 8%. Net earnings were $42.5M, up 17% year over year. The effective tax rate was 22.2%.
Operating cash flow was $67.4M (up 74% year over year), 159% of net earnings. Non-cash charges added back $6.4M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $16.0M. Capital expenditures of $8.0M left free cash flow of $59.3M.
Questions
What was Cavco Industries' revenue in the fourth quarter fiscal 2026?
Cavco Industries (CVCO) reported revenue of $550M for the fourth quarter fiscal 2026 (Q4 FY26), +8% from a year earlier and -5% from the quarter before.
Was Cavco Industries profitable in the fourth quarter fiscal 2026?
Operating profit was $51.5M (9.4% of revenue) and net earnings $42.5M.
Source: Cavco Industries 10-K on SEC EDGAR.