What is Cavco Industries's free cash flow?

Cavco Industries generated free cash flow of $232.09M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of $267.49M minus $35.41M of capital expenditures. That was up 47.8% from $157.07M a year earlier. Free cash flow equaled 10.3% of revenue.

How much does Cavco Industries spend on capital expenditures?

Cavco Industries spent $35.41M on capital expenditures in fiscal 2026, compared with $21.43M a year earlier. That equals 13.2% of operating cash flow.

Does Cavco Industries pay dividends or buy back shares?

Yes. In fiscal 2026 Cavco Industries returned $159.89M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment.

Cavco Industries (CVCO) Cash Flow: Operating & Free Cash Flow

Cavco Industries Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Cavco Industries, Inc. (CVCO) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Apr 2023	Mar 2023	Apr 2022	Mar 2022	Apr 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Net Income	190.55	171.04	157.82	240.84	240.55	197.74	197.74	76.65	197.74	75.07	68.62	61.50	37.96
Depreciation & Amortization	23.04	19.26	18.53	16.90	16.90	11.02	11.02	6.32	11.02	5.78	4.70	4.03	3.69
Deferred Income Tax	9.79	-6.52	-3.08	-	2.11	-	-1.73	-	-1.73	0.26	-0.76	-4.26	-2.12
Stock Based Compensation	12.78	8.68	6.76	6.26	6.26	5.06	5.06	4.39	5.06	3.88	3.37	2.32	2.13
Change in Working Capital	-191.25	-212.48	55.63	-1.18	-294.36	-47.32	-318.04	52.77	-318.04	18.02	-47.51	4.71	11.34
Change in Accounts Receivable	-70.32	-172.14	11.57	10.24	-15.57	-27.27	-27.27	-4.60	-254.15	-3.36	-5.68	-4.12	-2.15
Change in Inventory	4.88	-11.36	44.86	38.87	38.87	-73.80	-73.80	-17.70	-73.80	8.25	-7.05	-13.43	0.96
Change in Accounts Payable	13.83	29.44	-22.26	-13.40	-13.40	38.23	38.23	47.23	38.23	6.44	-452.80	7.32	17.37
Change in Other Working Capital	227.92	190.69	21.46	-36.88	292.72	15.52	269.08	27.84	-28.31	6.68	418.03	14.92	-4.83
Other Operating Activities	227.92	190.69	-10.96	-7.14	292.72	-22.27	269.08	-26.10	250.18	-1.28	4.42	-9.53	-8.20
Net Cash from Operating Activities	267.49	178.50	224.68	255.69	255.69	144.22	144.22	114.03	144.22	101.74	32.84	58.77	44.79
Investing Activities
Capital Expenditures	-35.41	-21.43	-17.42	-44.11	-44.11	-18.65	-18.65	-25.54	-18.65	-14.34	-7.64	-8.39	-5.30
Acquisitions	-172.78	0.00	-19.20	-105.66	-105.66	-141.43	-141.43	-	-141.43	-15.94	0.13	-1.64	0.15
Purchases of Investments	-34.52	-28.12	-13.03	-12.53	-12.53	-12.80	-12.80	-17.52	-12.80	-11.70	-7.34	-12.54	-10.93
Sales/Maturities of Investments	20.07	25.40	13.13	18.93	18.93	12.45	12.45	19.47	12.45	10.19	9.03	17.42	9.02
Other Investing Activities	-167.86	0.18	4.81	12.21	1.82	-	1.33	-	1.33	6.54	1.82	0.47	0.15
Net Cash from Investing Activities	-222.44	-23.96	-31.71	-129.34	-129.34	-159.10	-159.10	-23.35	-159.10	-25.24	-5.82	-4.67	-7.06
Financing Activities
Debt Repayment	-0.30	-0.31	-0.49	-0.64	-0.64	-9.38	-9.38	-2.79	-9.28	-19.69	-26.30	1.04	-3.96
Common Stock Issued	2.23	0.00	0.00	3.71	0.00	4.42	0.00	2.68	0.00	0.00	-0.11	0.00	-1.39
Common Stock Repurchased	-159.89	-148.68	-109.31	-103.41	-103.41	-59.60	-59.60	-1.44	-59.60	0.00	0.00	0.00	0.00
Other Financing Activities	-4.84	-3.44	2.09	-0.78	-1.85	-0.38	-0.64	-5.49	3.78	-1.07	-0.11	-0.92	1.01
Net Cash from Financing Activities	-162.79	-147.95	-107.71	-102.20	-102.20	-65.10	-65.10	-6.98	-65.10	-20.76	-26.41	0.12	-2.96
Summary
Net Change in Cash	-117.73	6.59	85.26	24.16	24.16	-79.97	-79.97	83.70	-79.97	55.74	0.61	54.22	34.78
Cash at Beginning of Period	375.35	368.75	283.49	-	259.33	-	339.31	-	339.31	199.87	199.26	132.54	97.77
Cash at End of Period	257.61	375.35	368.75	-	283.49	-	259.33	-	259.33	255.61	199.87	186.77	132.54
Free Cash Flow	232.09	157.07	207.26	211.59	211.59	125.57	125.57	88.49	125.57	87.40	25.20	50.39	39.50
Supplemental Disclosures
Interest Paid	-	0.01	0.80	0.62	-	0.45	-	0.47	-	-	-	-	-
Income Taxes Paid	-	45.58	36.76	82.44	-	31.42	-	19.47	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Cavco Industries (CVCO) Cash Flow Statement

Cavco Industries Cash Flow Statement Analysis

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