Champion Homes, Inc.

SKY· NYSE· Mobile Homes

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
10.1%
ROIC, 5 yr avg
39.0%
Revenue, 5 yr CAGR
+13.4%
We record prices for the companies we cover; SKY is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2026

Market cap
–
Enterprise value
–
Diluted shares
56.5M
Revenue
$2.7B
Free cash flow
$269.7M
Owner earnings
$248.9M

Valuation · FY2026

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2026

Gross
26.4%
Operating
9.5%
Net
7.8%
Free cash flow
10.1%
Owner earnings
9.3%
Stock pay
0.8%

Returns

ROIC, FY2026
20.8%
ROIC, 5 yr avg
39.0%
ROE, FY2026
13.2%
ROE, 5 yr avg
19.8%

Growth (CAGR)

Revenue, 3 yr
0.7%
Revenue, 5 yr
13.4%
Revenue, 9 yr
–
Diluted EPS, 3 yr
-19.4%
Diluted EPS, 5 yr
19.7%
Diluted EPS, 9 yr
–
Free cash flow, 3 yr
-9.5%
Free cash flow, 5 yr
13.1%
Free cash flow, 9 yr
77.9%

Financial health · FY2026

Cash and investments
$638.3M
Total debt
$23.8M
Net cash
$614.5M
Debt/Equity
0.0x
Debt/FCF
0.1x

Shareholder returns · FY2026

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
-0.2%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$2.7B

+12.1% a year over 9 years

FY2017: Revenue –FY2018: Revenue $1.1BFY2019: Revenue $1.4BFY2020: Revenue $1.4BFY2021: Revenue $1.4BFY2022: Revenue $2.2BFY2023: Revenue $2.6BFY2024: Revenue $2.0BFY2025: Revenue $2.5BFY2026: Revenue $2.7B
FY2017FY2026

Margins

Gross26.4%Operating9.5%Net7.8%

FY2026

FY2017: Gross –, Operating –, Net –FY2018: Gross 16.6%, Operating 5.1%, Net 1.5%FY2019: Gross 18.0%, Operating -2.2%, Net -4.3%FY2020: Gross 20.4%, Operating 6.3%, Net 4.2%FY2021: Gross 20.2%, Operating 7.7%, Net 6.0%FY2022: Gross 26.7%, Operating 15.1%, Net 11.2%FY2023: Gross 31.4%, Operating 19.9%, Net 15.4%FY2024: Gross 24.0%, Operating 8.7%, Net 7.2%FY2025: Gross 26.7%, Operating 9.5%, Net 8.0%FY2026: Gross 26.4%, Operating 9.5%, Net 7.8%
FY2017FY2026

Free cash flow and owner earnings

Free cash flow$269.7MOwner earnings$248.9M

Free cash flow +77.9% a year

FY2017: Free cash flow $1.5M, Owner earnings $1.4MFY2018: Free cash flow $22.2M, Owner earnings $21.5MFY2019: Free cash flow $53.1M, Owner earnings -$48.9MFY2020: Free cash flow $61.4M, Owner earnings $53.0MFY2021: Free cash flow $145.9M, Owner earnings $139.8MFY2022: Free cash flow $192.5M, Owner earnings $182.7MFY2023: Free cash flow $364.0M, Owner earnings $349.8MFY2024: Free cash flow $169.8M, Owner earnings $150.2MFY2025: Free cash flow $190.3M, Owner earnings $172.1MFY2026: Free cash flow $269.7M, Owner earnings $248.9M
FY2017FY2026

Diluted shares

56.5M

+563.8% over 9 years, net dilution

FY2017: Diluted shares 8.5MFY2018: Diluted shares 44.5MFY2019: Diluted shares 53.5MFY2020: Diluted shares 56.8MFY2021: Diluted shares 57.0MFY2022: Diluted shares 57.3MFY2023: Diluted shares 57.4MFY2024: Diluted shares 58.0MFY2025: Diluted shares 58.1MFY2026: Diluted shares 56.5M
FY2017FY2026

Return on invested capital

20.8%

FY2026

FY2017: ROIC –FY2018: ROIC 20.1%FY2019: ROIC –FY2020: ROIC 17.3%FY2021: ROIC 24.0%FY2022: ROIC 62.1%FY2023: ROIC 78.3%FY2024: ROIC 14.1%FY2025: ROIC 19.6%FY2026: ROIC 20.8%
FY2017FY2026

Net cash

$614.5M

$614.5M more cash than debt

FY2017: Net cash –FY2018: Net cash $54.0MFY2019: Net cash $72.3MFY2020: Net cash $132.1MFY2021: Net cash $223.3MFY2022: Net cash $423.0MFY2023: Net cash $735.0MFY2024: Net cash $470.4MFY2025: Net cash $585.6MFY2026: Net cash $614.5M
FY2017FY2026

Every figure, year by year

Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
The business
Revenue–$1.1B$1.4B$1.4B$1.4B$2.2B$2.6B$2.0B$2.5B$2.7B
Revenue growth––27.7%0.7%3.7%55.3%18.1%-22.3%22.7%7.3%
Gross margin–16.6%18.0%20.4%20.2%26.7%31.4%24.0%26.7%26.4%
Operating margin–5.1%-2.2%6.3%7.7%15.1%19.9%8.7%9.5%9.5%
Net income$5.0K$15.8M-$58.2M$58.2M$84.9M$248.0M$401.8M$146.7M$198.4M$206.9M
Net margin–1.5%-4.3%4.2%6.0%11.2%15.4%7.2%8.0%7.8%
Diluted EPS$0.00$0.33$-1.09$1.02$1.49$4.33$7.00$2.53$3.42$3.66
Return on invested capital?–20.1%–17.3%24.0%62.1%78.3%14.1%19.6%20.8%
Cash
Operating cash flow$2.9M$31.6M$65.2M$76.7M$153.9M$224.5M$416.2M$222.7M$240.9M$303.9M
Capital expenditure$1.4M$9.4M$12.1M$15.4M$8.0M$32.0M$52.2M$52.9M$50.5M$34.1M
Free cash flow$1.5M$22.2M$53.1M$61.4M$145.9M$192.5M$364.0M$169.8M$190.3M$269.7M
Stock-based compensation$161.0K$642.0K$102.0M$8.3M$6.0M$9.8M$14.2M$19.6M$18.3M$20.9M
Owner earnings?$1.4M$21.5M-$48.9M$53.0M$139.8M$182.7M$349.8M$150.2M$172.1M$248.9M
Free cash flow per share$0.18$0.50$0.99$1.08$2.56$3.36$6.34$2.93$3.28$4.77
Capital allocation
Dividends paid––––––––––
Share repurchases––––––$0$0$80.0M$200.0M
Diluted shares8.5M44.5M53.5M56.8M57.0M57.3M57.4M58.0M58.1M56.5M
Share count change?1.4%–20.2%6.1%0.4%0.6%0.2%1.0%0.2%-2.7%
Balance sheet
Cash and equivalents–$113.7M$126.6M$209.5M$262.6M$435.4M$747.5M$495.1M$610.3M$638.3M
Short-term investments––––––––––
Total debt–$59.7M$54.3M$77.3M$39.3M$12.4M$12.4M$24.7M$24.8M$23.8M
Net debt–-$54.0M-$72.3M-$132.1M-$223.3M-$423.0M-$735.0M-$470.4M-$585.6M-$614.5M
Shareholders' equity$25.3M$153.3M$412.0M$474.3M$568.6M$825.1M$1.2B$1.4B$1.5B$1.6B

Latest filings

All on EDGAR
2026-08-0510-QQuarterly report
2026-08-048-KEarnings release
2026-06-18DEF 14AProxy statement
2026-05-2610-KAnnual report
2026-05-268-KEarnings release
2026-02-0410-QQuarterly report
2026-02-038-KEarnings release
2025-11-0510-QQuarterly report
2025-11-048-KEarnings release
2025-08-0610-QQuarterly report

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