Champion Homes Financials
This page shows Champion Homes (SKY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Champion Homes' profit engine is a margin-and-working-capital cycle, cushioned by a cash-rich, low-debt balance sheet.
FY2025 revenue came back close to the FY2023 high, yet operating margin was only9.5% versus19.9% . That gap says the business recovered volume, but not its old drop-through, because a heavier SG&A load now absorbs much more of each incremental sales dollar.
Cash conversion stayed credible: FY2025
The balance sheet remains internally financed: cash of
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Champion Homes's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Champion Homes has an operating margin of 9.4%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is down from 9.5% the prior year.
Champion Homes's revenue grew 7.3% year-over-year to $2.7B, a solid pace of expansion. This earns a growth score of 58/100.
Champion Homes carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Champion Homes's current ratio of 2.48 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Champion Homes has a free cash flow margin of 10.1%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
Champion Homes's ROE of 13.2% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 12.8% the prior year.
Champion Homes scores 7.03, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.1B) relative to total liabilities ($558.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Champion Homes passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Champion Homes generates $1.47 in operating cash flow ($303.9M OCF vs $206.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Champion Homes earns $33.4 in operating income for every $1 of interest expense ($251.8M vs $7.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Champion Homes generated $2.7B in revenue in fiscal year 2026. This represents an increase of 7.3% from the prior year.
Champion Homes's EBITDA was $299.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.4% from the prior year.
Champion Homes reported $206.9M in net income in fiscal year 2026. This represents an increase of 4.3% from the prior year.
Champion Homes earned $3.66 per diluted share (EPS) in fiscal year 2026. This represents an increase of 7.0% from the prior year.
Cash & Balance Sheet
Champion Homes generated $269.7M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 41.7% from the prior year.
Champion Homes held $638.3M in cash against $14.4M in long-term debt as of fiscal year 2026.
Champion Homes had 55M shares outstanding in fiscal year 2026.
Margins & Returns
Champion Homes's gross margin was 26.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Champion Homes's operating margin was 9.4% in fiscal year 2026, reflecting core business profitability. This is down 0.1 percentage points from the prior year.
Champion Homes's net profit margin was 7.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.
Champion Homes's ROE was 13.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Capital Allocation
Champion Homes spent $200.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 150.0% from the prior year.
Champion Homes invested $34.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 32.5% from the prior year.
SKY Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $656.6M-4.1% | $684.4M-2.4% | $701.3M+18.1% | $593.9M-7.9% | $644.9M+4.5% | $616.9M-1.7% | $627.8M+17.0% | $536.4M |
| Cost of Revenue | $484.4M-2.4% | $496.5M-2.9% | $511.5M+15.9% | $441.4M-4.8% | $463.9M+3.0% | $450.5M-2.8% | $463.6M+5.8% | $438.0M |
| Gross Profit | $172.2M-8.4% | $187.9M-1.0% | $189.8M+24.5% | $152.5M-15.8% | $181.0M+8.8% | $166.3M+1.3% | $164.2M+67.0% | $98.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $109.7M-3.0% | $113.1M+1.6% | $111.3M+0.9% | $110.3M+1.9% | $108.2M+8.6% | $99.7M-8.4% | $108.8M+20.1% | $90.6M |
| Operating Income | $62.5M-16.5% | $74.8M-4.7% | $78.5M+86.3% | $42.2M-42.1% | $72.8M+9.2% | $66.7M+20.4% | $55.4M+614.2% | $7.8M |
| Interest Expense | N/A | N/A | N/A | -$4.5M-213.0% | $4.0M-15.7% | $4.7M+11.5% | $4.2M+121.8% | -$19.5M |
| Income Tax | $12.4M-33.3% | $18.6M+4.8% | $17.7M+123.6% | $7.9M-52.6% | $16.7M+8.5% | $15.4M+12.2% | $13.7M+490.1% | $2.3M |
| Net Income | $54.3M-6.6% | $58.2M-10.0% | $64.7M+78.0% | $36.3M-40.9% | $61.5M+12.4% | $54.7M+19.5% | $45.8M+1542.5% | $2.8M |
| EPS (Diluted) | $0.97-5.8% | $1.03-8.8% | $1.13 | N/A | $1.06+12.8% | $0.94+19.0% | $0.79 | N/A |
SKY Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B-0.3% | $2.1B-1.3% | $2.1B+1.8% | $2.1B+3.6% | $2.0B+0.5% | $2.0B+2.0% | $2.0B+3.3% | $1.9B |
| Current Assets | $1.1B+0.4% | $1.1B-0.3% | $1.1B+2.7% | $1.1B+6.4% | $1.0B+0.6% | $1.0B+3.9% | $975.9M+6.3% | $918.3M |
| Cash & Equivalents | $659.8M+6.6% | $618.7M+2.2% | $605.3M-0.8% | $610.3M+4.9% | $581.8M+2.0% | $570.2M+3.9% | $548.9M+10.9% | $495.1M |
| Inventory | $341.3M-3.1% | $352.2M-5.5% | $372.7M+3.4% | $360.6M+7.1% | $336.8M+3.5% | $325.5M+1.7% | $320.0M+0.4% | $318.7M |
| Accounts Receivable | $67.1M-28.7% | $94.1M-5.5% | $99.6M+18.4% | $84.1M+22.9% | $68.4M-8.4% | $74.8M+2.8% | $72.7M+12.5% | $64.6M |
| Goodwill | $363.6M0.0% | $363.6M0.0% | $363.5M+1.5% | $358.0M0.0% | $358.0M0.0% | $358.0M0.0% | $358.0M0.0% | $358.0M |
| Total Liabilities | $522.1M-3.2% | $539.5M-6.8% | $578.8M+2.3% | $566.0M+11.2% | $509.2M-4.9% | $535.4M-0.2% | $536.4M+7.1% | $501.0M |
| Current Liabilities | $411.6M-4.0% | $428.5M-8.0% | $466.0M+3.3% | $451.3M+14.5% | $394.2M-5.9% | $418.7M0.0% | $418.7M+7.5% | $389.6M |
| Long-Term Debt | $23.8M-1.0% | $24.0M-0.2% | $24.1M-2.7% | $24.8M+0.3% | $24.7M0.0% | $24.7M0.0% | $24.7M+0.1% | $24.7M |
| Total Equity | $1.6B+0.7% | $1.6B+0.7% | $1.6B+1.7% | $1.5B+1.1% | $1.5B+2.4% | $1.5B+2.9% | $1.5B+2.0% | $1.4B |
| Retained Earnings | $999.0M+0.3% | $995.7M+0.8% | $988.0M+1.2% | $976.0M+1.1% | $965.0M+4.4% | $924.4M+3.9% | $889.8M+2.7% | $866.5M |
SKY Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $100.0M+31.8% | $75.9M+0.8% | $75.3M+63.7% | $46.0M-8.7% | $50.4M-15.7% | $59.8M-29.3% | $84.6M+1970.4% | $4.1M |
| Capital Expenditures | $7.1M-20.4% | $8.9M+0.2% | $8.9M-29.1% | $12.6M-4.4% | $13.1M-6.9% | $14.1M+31.8% | $10.7M-10.2% | $11.9M |
| Free Cash Flow | $92.9M+38.7% | $67.0M+0.8% | $66.4M+98.5% | $33.4M-10.3% | $37.3M-18.5% | $45.7M-38.1% | $73.9M+1042.4% | -$7.8M |
| Investing Cash Flow | -$7.5M-91.4% | -$3.9M+88.4% | -$33.9M-203.9% | -$11.1M+10.6% | -$12.5M+7.5% | -$13.5M-48.3% | -$9.1M+19.3% | -$11.3M |
| Financing Cash Flow | -$54.2M+3.3% | -$56.0M-8.0% | -$51.9M-621.9% | -$7.2M+61.2% | -$18.5M+30.6% | -$26.7M-29.7% | -$20.6M-397.1% | $6.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $50.0M0.0% | $50.0M0.0% | $50.0M+150.0% | $20.0M0.0% | $20.0M0.0% | $20.0M0.0% | $20.0M | $0 |
SKY Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.2%-1.2pp | 27.5%+0.4pp | 27.1%+1.4pp | 25.7%-2.4pp | 28.1%+1.1pp | 27.0%+0.8pp | 26.2%+7.8pp | 18.3% |
| Operating Margin | 9.5%-1.4pp | 10.9%-0.3pp | 11.2%+4.1pp | 7.1%-4.2pp | 11.3%+0.5pp | 10.8%+2.0pp | 8.8%+7.4pp | 1.5% |
| Net Margin | 8.3%-0.2pp | 8.5%-0.7pp | 9.2%+3.1pp | 6.1%-3.4pp | 9.5%+0.7pp | 8.9%+1.6pp | 7.3%+6.8pp | 0.5% |
| Return on Equity | 3.4%-0.3pp | 3.7%-0.4pp | 4.1%+1.8pp | 2.4%-1.7pp | 4.0%+0.4pp | 3.7%+0.5pp | 3.2%+3.0pp | 0.2% |
| Return on Assets | 2.6%-0.2pp | 2.7%-0.3pp | 3.0%+1.3pp | 1.7%-1.3pp | 3.0%+0.3pp | 2.7%+0.4pp | 2.3%+2.2pp | 0.1% |
| Current Ratio | 2.71+0.1 | 2.60+0.2 | 2.39-0.0 | 2.41-0.2 | 2.59+0.2 | 2.42+0.1 | 2.33-0.0 | 2.36 |
| Debt-to-Equity | 0.010.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.02 |
| FCF Margin | 14.1%+4.4pp | 9.8%+0.3pp | 9.5%+3.8pp | 5.6%-0.1pp | 5.8%-1.6pp | 7.4%-4.4pp | 11.8%+13.2pp | -1.5% |
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Frequently Asked Questions
What is Champion Homes's annual revenue?
Champion Homes (SKY) reported $2.7B in total revenue for fiscal year 2026. This represents a 7.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Champion Homes's revenue growing?
Champion Homes (SKY) revenue grew by 7.3% year-over-year, from $2.5B to $2.7B in fiscal year 2026.
Is Champion Homes profitable?
Yes, Champion Homes (SKY) reported a net income of $206.9M in fiscal year 2026, with a net profit margin of 7.8%.
What is Champion Homes's EBITDA?
Champion Homes (SKY) had EBITDA of $299.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Champion Homes have?
As of fiscal year 2026, Champion Homes (SKY) had $638.3M in cash and equivalents against $14.4M in long-term debt.
What is Champion Homes's gross margin?
Champion Homes (SKY) had a gross margin of 26.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Champion Homes's operating margin?
Champion Homes (SKY) had an operating margin of 9.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Champion Homes's net profit margin?
Champion Homes (SKY) had a net profit margin of 7.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Champion Homes's return on equity (ROE)?
Champion Homes (SKY) has a return on equity of 13.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Champion Homes's free cash flow?
Champion Homes (SKY) generated $269.7M in free cash flow during fiscal year 2026. This represents a 41.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Champion Homes's operating cash flow?
Champion Homes (SKY) generated $303.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Champion Homes's total assets?
Champion Homes (SKY) had $2.1B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Champion Homes's capital expenditures?
Champion Homes (SKY) invested $34.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Champion Homes's current ratio?
Champion Homes (SKY) had a current ratio of 2.48 as of fiscal year 2026, which is generally considered healthy.
What is Champion Homes's debt-to-equity ratio?
Champion Homes (SKY) had a debt-to-equity ratio of 0.01 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Champion Homes's return on assets (ROA)?
Champion Homes (SKY) had a return on assets of 9.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Champion Homes's Altman Z-Score?
Champion Homes (SKY) has an Altman Z-Score of 7.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Champion Homes's Piotroski F-Score?
Champion Homes (SKY) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Champion Homes's earnings high quality?
Champion Homes (SKY) has an earnings quality ratio of 1.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Champion Homes cover its interest payments?
Champion Homes (SKY) has an interest coverage ratio of 33.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Champion Homes?
Champion Homes (SKY) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.