| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 1 | 2 | — | — | 1 | — | — | 2 | — | 2 | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡‡ |
|
| 2021 | ‡‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2018 | 1.25 |
—
—
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 495.06 | 610.34 | 638.26 | 784.71 |
| Receivables | 64.63 | 84.10 | 88.81 | 94.90 |
| Inventory | 318.74 | 360.63 | 358.31 | 363.64 |
| Other | 39.87 | 31.43 | 42.84 | 46.67 |
| 918.30 | 1,086.50 | 1,128.22 | 1,289.92 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 50.82 | 65.14 | 70.55 | 75.55 |
| ST’ Debt | — | — | — | — |
| Other | 247.50 | 280.08 | 290.15 | 296.16 |
| 389.60 | 451.31 | 455.34 | 471.10 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 710.23 | — | — | — |
—
|
| ’26 | 701.32 | 684.43 | 656.61 | 621.28 |
2,663.64
|
| ’25 | 627.78 | 616.88 | 644.93 | 593.87 |
2,483.45
|
| ’24 | 464.77 | 464.24 | 559.46 | 536.36 |
2,024.82
|
| ’23 | 725.88 | 806.83 | 582.32 | 491.53 |
2,606.56
|
| ’22 | 510.20 | 524.23 | 534.69 | 638.12 |
2,207.23
|
| ’21 | 273.29 | 322.37 | 377.58 | 447.65 |
1,420.88
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 72.48 | — | — | — |
—
|
| ’26 | 75.30 | 75.88 | 99.99 | 52.70 |
303.87
|
| ’25 | 84.62 | 59.83 | 50.41 | 46.01 |
240.86
|
| ’24 | 74.86 | 54.28 | 89.48 | 4.09 |
222.70
|
| ’23 | 47.42 | 231.14 | 85.48 | 52.18 |
416.23
|
| ’22 | 31.91 | 56.98 | 75.52 | 60.07 |
224.48
|
| ’21 | 32.21 | 31.64 | 39.97 | 50.08 |
153.90
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 63.47 | — | — | — |
—
|
| ’26 | 66.44 | 72.03 | 92.91 | 43.53 |
274.90
|
| ’25 | 73.93 | 45.83 | 37.35 | 34.85 |
191.96
|
| ’24 | 64.52 | 42.29 | 71.37 | (7.75) |
170.44
|
| ’23 | 38.00 | 215.08 | 73.01 | 38.27 |
364.36
|
| ’22 | 22.69 | 51.16 | 67.84 | 51.03 |
192.72
|
| ’21 | 30.91 | 30.42 | 40.10 | 46.39 |
147.81
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 0.90 | — | — | — |
—
|
| ’26 | 1.13 | 1.03 | 0.97 | 0.53 |
3.66
|
| ’25 | 0.79 | 0.94 | 1.06 | 0.63 |
3.42
|
| ’24 | 0.89 | 0.79 | 0.81 | 0.05 |
2.53
|
| ’23 | 2.04 | 2.51 | 1.44 | 1.00 |
7.00
|
| ’22 | 0.75 | 0.89 | 1.18 | 1.51 |
4.33
|
| ’21 | 0.21 | 0.31 | 0.38 | 0.59 |
1.49
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 43.04 | 51.37 | 64.82 | 59.44 | 63.87 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.87 | 77.75 | 116.49 | 110.00 | 99.17 | — | — | — |
High Price
|
| ‡‡‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8,400 | 7,700 | 8,600 | 9,000 | 9,300 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.26 | 0.34 | 0.24 | 0.28 | 0.29 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,207.23 | 2,606.56 | 2,024.82 | 2,483.45 | 2,663.64 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.69% | 31.41% | 23.99% | 26.74% | 26.44% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 330.43 | 533.90 | 200.86 | 257.37 | 270.57 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.97% | 20.48% | 9.92% | 10.36% | 10.16% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 248.04 | 401.80 | 146.70 | 201.64 | 214.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.63 | 27.08 | 35.26 | 42.32 | 48.31 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.85 | 45.74 | 35.22 | 43.14 | 47.44 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | 4.37 | 7.05 | 2.55 | 3.45 | 3.68 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.95 | 7.30 | 3.87 | 4.18 | 5.41 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.56) | (0.91) | (0.91) | (0.85) | (0.52) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.39 | 6.39 | 2.96 | 3.33 | 4.90 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.52 | 21.64 | 24.74 | 26.83 | 28.01 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.82 | 56.99 | 57.49 | 57.56 | 56.15 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.56 | 10.67 | 32.89 | 27.55 | 20.26 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.41 | 1.64 | 2.39 | 2.20 | 1.57 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.78 | 3.48 | 3.40 | 3.53 | 2.65 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.24 | 1.37 | 2.16 | 1.96 | 1.34 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.19 | 9.77 | 25.68 | 25.40 | 12.95 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 224.48 | 416.23 | 222.70 | 240.86 | 303.87 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (31.76) | (51.87) | (52.27) | (48.90) | (28.96) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 192.72 | 364.36 | 170.44 | 191.96 | 274.90 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 432.15 | 794.55 | 528.70 | 635.19 | 672.88 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 52.43 | 19.43 | 24.67 | 24.77 | 14.44 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (382.98) | (728.02) | (470.39) | (585.56) | (623.82) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 825.11 | 1,233.00 | 1,422.37 | 1,544.44 | 1,572.94 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.05% | 28.73% | 8.42% | 9.84% | 9.75% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.06% | 64.15% | 11.50% | 15.45% | 16.58% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.59% | 39.05% | 11.05% | 13.38% | 13.27% | — | — | — |
ROE
|
Champion Homes, Inc. (SKY) has engineered a remarkable transformation since its 2018 merger, propelling revenue from $212 million in 2016 to a peak of $2.6 billion in 2023—a CAGR exceeding 50% in key years—fueled by synergies, expanded capacity, and the U.S. housing shortage. Despite a 22% revenue dip to $2.02 billion in 2024 amid 7%+ mortgage rates, operational efficiency shines through revenue per employee rebounding toward $276,000 by 2025, with gross margins hitting 31.4% pre-dip and ROE at 39% in 2023. Stock resilience is evident, with 2024 highs at $116 despite softer volumes, underscoring investor conviction in modular housing’s 30-50% cost/time advantages.
The balance sheet stands as a fortress: net debt negative at -$585 million, equity up 220% since 2020 to $1.54 billion, and robust free cash flow funding capex while ROIC peaked at 64%. Profitability swings—from 2020 losses to $402 million net income in 2023—correlate with macro cycles, but forecasts signal recovery: revenue to $2.95 billion by 2028 (+46% from 2024), EPS to $4.77 (+87%), and mid-teens growth assuming 1.5 million housing starts.
Analysts project 4-15% upside from current levels, with forward PE at 28x tempering enthusiasm amid insider sells totaling $1.7 million (no buys). Yet, catalysts like Fed cuts, policy incentives, and Gen Z demand position SKY for 20-30% returns over 2-3 years— a data-backed bet on modular as the scalable fix to America’s 7 million-unit deficit.
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