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Builds factory-built manufactured and modular homes sold through independent retailers and builders across North America.
Builds factory-built manufactured and modular homes sold through independent retailers and builders across North America.
Builds homes in factories and sells them wholesale to independent retailers, land-lease communities and builders, which place the order, so shipments follow dealer stocking and the cost of home loans for buyers. Skyline and Champion merged in 2018, and the company also has Canadian plants and some retail outlets of its own.
Moat: narrow (scale, distribution). One of the largest factory-built home producers with a broad plant and retail footprint.
Headquarters: Troy, Michigan, United States · Founded: 1959 · Employees: 9,300
Size Champion Homes (SKY) is a United States Consumer Discretionary company (Homebuilding) with a market value of $4.96B, the 1192nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $91.40 on 6 Nov 2026.
Performance Over six months the shares gained 25.5%, against +7.8% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +8.9%); the operating margin is 8.5% (peer median 10.0%).
Valuation It trades at 24.2× forward earnings against a peer median of 13.0× (most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.5 points above its cost of capital (10.0% WACC).
Short interest Short interest is 4.9% of the free float (15 Oct 2026).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.72B | $2.66B | $2.48B | $2.02B | $2.61B |
| Revenue growth | — | +7% | +23% | -22% | — |
| Gross profit | $681M | $688M | $650M | $475M | $808M |
| EBITDA | $281M | $312M | $282M | $210M | $545M |
| Net income | $186M | $207M | $198M | $147M | $402M |
| Free cash flow | $230M | $269M | $190M | $170M | $364M |
| Capital expenditure | $38.2M | $34.1M | $50.5M | $52.9M | $52.2M |
| Total debt | $12.4M | $145M | $164M | $155M | $42.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Champion Homes SKY | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% |
| Cavco Industries CVCO | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% |
| Legacy Housing LEGH | $694M | +25% | -3% | 33% | 14.1× | 3.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SKY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | +6.1% | 9th highest of 21 |
| 6-month return | +25.5% | +7.8% | 4th highest of 21 |
| Distance from 52-week high | -7.8% | -20.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +3.5% | +8.9% | 8th lowest of 21 |
| Operating margin | 8.5% | 10.0% | 8th lowest of 21 |
| Forward P/E | 24.2× | 13.0× | most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 10.8% | 3.3% | 5th most demanding of 18 |
| Growth delivered (Del g) | +13.4% | +8.3% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | -2.6 pp | -1.4 pp | 9th least demanding of 18 |
| ROIC minus cost of capital | +10.5 pp | -1.2 pp | 2nd highest of 21 |
| EV / EBITDA | 15.2× | 9.2× | 3rd most expensive of 19 |
| Net debt / EBITDA | -2.5× | 1.0× | least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| Cavco Industries CVCO | United States | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% | +15.2% |
| Sumitomo Forestry 1911.T | Japan | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% | +15.2% |
| Haseko 1808.T | Japan | $4.50B | -1% | +10% | 8% | 9.9× | -11.6% | +9.5% |
| Berkeley BKG.L | United Kingdom | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% | +1.6% |
| Persimmon PSN.L | United Kingdom | $5.64B | +22% | +17% | 11% | 13.0× | n/a | n/a |
| Open House 3288.T | Japan | $5.66B | -15% | +6% | 12% | 7.3× | -8.1% | +18.2% |
| Barratt Redrow BTRW.L | United Kingdom | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% | +4.7% |
| Taylor Wimpey TW..L | United Kingdom | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% | +6.6% |
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
| Iida 3291.T | Japan | $3.68B | -4% | +7% | 7% | 8.1× | n/a | n/a |
| Bellway p.l.c BWY.L | United Kingdom | $3.42B | +19% | +14% | 10% | 15.4× | 3.2% | +0.3% |
| M/I Homes MHO | United States | $3.29B | 0% | -6% | 8% | 12.8× | 8.3% | +7.7% |
| Chengdu Hi-Tech Development 000628.SZ | China | $3.10B | -39% | -32% | 4% | n/a | 57.5% | -2.1% |
| KB Home KBH | United States | $3.08B | +2% | -21% | 5% | 14.9× | 15.2% | +8.3% |
| Green Brick Partners GRBK | United States | $2.75B | -2% | -10% | 19% | 12.2× | 7.8% | +15.9% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Cairn Homes CRN.L | United Kingdom | $1.92B | +18% | +44% | 18% | 11.9× | -0.7% | +28.6% |
| GS Engineering & Construction 006360.KS | South Korea | $1.86B | -22% | -15% | 3% | 16.8× | -9.8% | +4.2% |
| Toll Brothers TOL | United States | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% | +9.2% |
| Katitas 8919.T | Japan | $1.69B | +11% | +20% | 12% | 18.6× | n/a | n/a |