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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cavco Industries's retained earnings for the quarter that ended in Mar. 2026 was $1,389 Mil.
Cavco Industries's quarterly retained earnings
increased
from Sep. 2025 ($1,302 Mil) to Dec. 2025 ($1,346 Mil) and
increased
from Dec. 2025 ($1,346 Mil) to Mar. 2026 ($1,389 Mil).
Cavco Industries's annual retained earnings
increased
from Mar. 2024 ($1,027 Mil) to Mar. 2025 ($1,198 Mil) and
increased
from Mar. 2025 ($1,198 Mil) to Mar. 2026 ($1,389 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Cavco Industries Retained Earnings Historical Data
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The historical data trend for Cavco Industries's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Cavco Industries (CVCO) has a Retained Earnings of $1,389 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Cavco Industries and its competitors.
Is Cavco Industries' Retained Earnings too high?
Cavco Industries' current Retained Earnings is $1,389 Mil. Overall, Cavco Industries has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cavco Industries' Retained Earnings compare to SKY and MTH?
Cavco Industries' Retained Earnings of $1,389 Mil can be compared against companies in the Homebuilding & Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Homebuilding & Construction company?
A good Retained Earnings depends on the Homebuilding & Construction industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Cavco Industries and its competitors. Cavco Industries's current Retained Earnings is $1,389 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cavco Industries stock overvalued right now?
Based on GuruFocus' analysis, Cavco Industries (CVCO) is currently considered Fairly Valued. The stock's GF Value™ is $537.88, compared to a current price of $546.58 — trading 1.6% above its estimated fair value. The current Retained Earnings is $1,389 Mil. Cavco Industries' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Cavco Industries (CVCO), the current Retained Earnings is $1,389 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cavco Industries (CVCO) Overvalued in 2026?
Based on GuruFocus' analysis, Cavco Industries stock appears to be overvalued.
The current stock price of $546.58 is trading 1.6% above its estimated GF Value™ of $537.88.
GuruFocus considers Cavco Industries to be Fairly Valued.
Key valuation signals for CVCO:
Retained Earnings: $1,389 Mil
GF Value™: $537.88 vs. price of $546.58 (1.6% above fair value)
No single metric tells the full story. See the CVCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cavco Industries Inc designs and produces factory-built homes distributed through a network of independent and company-owned retailers, planned community operators and residential developers. It is also a producer of park model RVs, vacation cabins and Factory-built commercial structures. It operates principally in two segments: factory-built housing, which includes wholesale and retail factory-built housing operations and Financial services, which include manufactured housing consumer finance and insurance. The factory-built housing segment generates the majority of revenue from building and selling manufactured and modular homes to both wholesale customers and end consumers through company owned retail stores.
97GF Score
Get the complete analysis for CVCO
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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