Champion Homes, Inc.
SKY Consumer Cyclical Residential Construction
Champion Homes, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.7 billion, up 7.26% from fiscal 2025. In the quarter to June 2026, revenue grew 1.27%, EPS fell 21.2%, free cash flow fell 4.47% and total debt fell 40.1%, each against the same quarter a year earlier.
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Champion Homes, Inc. (SKY) Altman Z-score
Champion Homes, Inc.'s Altman Z-score for fiscal 2026 is 7.14, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 7.14 | (1.19) |
| FY2025 | 8.34 | 0.17 |
| FY2024 | 8.17 | (3.66) |
| FY2023 | 11.82 | 3.79 |
| FY2022 | 8.04 | 1.26 |
| FY2021 | 6.78 | 2.61 |
| FY2020 | 4.17 | 0.18 |
| FY2019 | 4.00 | (1.95) |
| FY2018 | 5.95 | (1.76) |
| FY2017 | 7.70 | (0.59) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.32 | — | 0.38 | |
| Retained earnings / total assets | 0.46 | — | 0.64 | |
| EBIT / total assets | 0.12 | — | 0.39 | |
| Market value of equity / total liabilities | 7.48 | — | 4.49 | |
| Sales / total assets | 1.25 | — | 1.25 | |
| Altman Z-score | Safe zone | 7.14 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.31 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| NVR NVR, Inc. compare | 13.8× |
| CVCO Cavco Industries, Inc. compare | 9.6× |
| SKY Champion Homes, Inc. | 7.1× |
| IBP Installed Building Products, Inc. compare | 6.3× |
| GRBK Green Brick Partners, Inc. compare | 5.7× |
| MHO M/I Homes, Inc. compare | 4.5× |
| TOL Toll Brothers Inc. compare | 4.1× |
| KBH KB Home compare | 3.8× |
| MTH Meritage Homes Corporation compare | 3.2× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets