Champion Homes, Inc.
- Open
- 87.08
- Day high
- 89.74
- Day low
- 86.86
- Prev close
- 87.43
- Volume
- 618K
- Mkt cap
- $4.7B
- P/E (TTM)
- 23.4
- EPS (TTM)
- $3.76
- P/B
- 3.0
- P/S
- 1.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$903K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Champion Homes, Inc. (SKY) is a Consumer Cyclical company listed on NYSE. The stock is up 33% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Champion Homes, Inc. (SKY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SKY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 26, 2026 | $0.63 | $0.68 | +7.9% | $621M | +2.3% |
| Feb 3, 2026 | $0.83 | $0.97 | +16.9% | $657M | +8.1% |
| Nov 4, 2025 | $0.81 | $1.01 | +24.7% | $684M | +6.8% |
| May 27, 2025 | $0.76 | $0.65 | -14.6% | $594M | -0.3% |
| Feb 4, 2025 | $0.80 | $1.04 | +30.0% | $645M | +7.3% |
| May 21, 2024 | $0.68 | $0.62 | -8.7% | $492M | -12.4% |
| Oct 31, 2023 | $0.80 | $0.82 | +2.5% | $464M | +1.0% |
| Aug 1, 2023 | $0.84 | $0.89 | +6.0% | $465M | +0.3% |
| May 30, 2023 | $0.93 | $1.00 | +7.5% | $492M | -6.9% |
| Feb 6, 2023 | $0.92 | $1.44 | +56.5% | $582M | +8.9% |
| Nov 1, 2022 | $1.82 | $2.51 | +37.9% | $807M | +16.2% |
| Aug 2, 2022 | $1.57 | $2.04 | +29.9% | $726M | +7.9% |
SKY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | Kastanek John Allanofficer: Chief Customer Exp. Officer | Grant | 6,268 | — |
| Jun 11, 2026 | KIMMELL JOSEPH A.officer: EVP, Operations | Sell | 4,000 | $75.91 |
| Jun 9, 2026 | KIMMELL JOSEPH A.officer: EVP, Operations | Sell | 2,879 | $75.48 |
| Jun 9, 2026 | KIMMELL JOSEPH A.officer: EVP, Operations | Sell | 5,043 | $75.83 |
| Mar 31, 2026 | Larson Timothy Markdirector, officer: President & CEO | Tax | 1,053 | $72.54 |
| Mar 31, 2026 | Burkhardt Timothy A.officer: VP & Controller | Tax | 399 | $72.54 |
| Mar 31, 2026 | KIMMELL JOSEPH A.officer: EVP, Operations | Tax | 606 | $72.54 |
| Mar 31, 2026 | Hough Laurie M.officer: Other | Tax | 1,259 | $72.54 |
| Mar 31, 2026 | LYALL JONATHAN WADEofficer: EVP Sales/Business Development | Tax | 508 | $72.54 |
| Mar 27, 2026 | Larson Timothy Markdirector, officer: President & CEO | Tax | 1,928 | $75.62 |
| Mar 27, 2026 | Hough Laurie M.officer: Other | Tax | 825 | $75.62 |
| Mar 27, 2026 | Krueger Laurelofficer: SVP, Gen. Counsel & Secretary | Grant | 5,670 | — |
| Mar 27, 2026 | Krueger Laurelofficer: SVP, Gen. Counsel & Secretary | Tax | 436 | $75.62 |
| Mar 27, 2026 | Burkhardt Timothy A.officer: VP & Controller | Tax | 1,168 | $72.54 |
| Mar 27, 2026 | LYALL JONATHAN WADEofficer: EVP Sales/Business Development | Tax | 1,456 | $72.54 |
Source: SKY SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full SKY insider & 13F page →Champion Homes, Inc. company profile
Overview
Skyline Champion Corporation (NYSE:SKY) is a leading North American manufacturer of factory-built housing, founded in 2010 and headquartered in Troy, Michigan. The company emerged as a consolidator in the manufactured and modular housing industry, operating through multiple well-established brands across the United States and western Canada. Skyline Champion has grown significantly through strategic acquisitions and organic expansion, becoming one of the largest producers of affordable factory-built homes in North America. The company went public in 1973 and has evolved from a traditional manufactured housing producer into a more diversified factory-built housing company serving multiple market segments including individual homebuyers, communities, and commercial developers.
Business
Skyline Champion operates in the factory-built housing industry, which encompasses manufactured homes, modular homes, and related residential structures. Factory-built housing refers to homes constructed in controlled factory environments and then transported to their final locations, offering cost advantages and quality control benefits compared to traditional site-built construction. The company's core products include manufactured homes, which are built to federal HUD (Housing and Urban Development) codes and designed to be permanently affixed to foundations, and modular homes, which are constructed to local building codes and can be indistinguishable from site-built homes once assembled. Manufactured homes typically range from $50,000 to $150,000, while modular homes command higher prices due to their site-built equivalent construction standards. Skyline Champion operates through several business segments: 1. U.S. Factory-Built Housing represents approximately 90% of total revenue, generating around $560 million quarterly. This segment produces manufactured and modular homes under brands including Skyline Homes, Champion Home Builders, Genesis Homes, Redman Homes, and others, serving retail dealers, community operators, and builder-developers. 2. Canadian Factory-Built Housing accounts for roughly 5% of revenue at $30-35 million quarterly, operating under the Moduline and SRI Homes brands in western Canada. 3. Transportation and Installation Services comprises the remaining revenue, providing logistics and setup services for factory-built homes. The company also operates Titan Factory Direct, a retail network of 18 sales centers in the southern United States, and has recently launched Champion Financing, a captive finance company to provide floor plan financing to dealers and potentially consumer financing.
Revenue model
Skyline Champion generates revenue primarily through product sales to three distinct customer channels. The company manufactures homes in its factories and sells them to independent retail dealers, community operators (including REITs that own manufactured housing communities), and builder-developers who integrate the homes into larger residential developments. The retail channel involves selling homes to independent dealers who then market them to individual consumers. This channel typically offers higher margins but requires dealers to maintain inventory financing. The community channel serves manufactured housing community operators and REITs who purchase homes to rent to residents, providing more predictable bulk orders but at lower margins. The emerging builder-developer channel supplies homes to traditional homebuilders and developers for subdivision developments, representing a growing opportunity as manufactured homes gain acceptance in mainstream residential markets. Revenue is also generated through transportation and installation services, where the company provides logistics and setup services for delivered homes. The newly launched Champion Financing subsidiary creates additional revenue through floor plan financing services to dealers, earning interest income and fees. Several factors influence the company's margins and profitability. Positive margin drivers include economies of scale from higher production volumes, product mix shifts toward higher-optioned homes, operational efficiency improvements, and pricing power during periods of strong demand. Negative margin pressures come from raw material cost inflation (lumber, steel, appliances), labor cost increases, lower capacity utilization during demand downturns, competitive pricing pressure, and product mix shifts toward entry-level homes during economic uncertainty. The cyclical nature of housing demand, interest rate fluctuations affecting both consumer financing and dealer floor plan costs, and seasonal weather patterns that impact installation and delivery also significantly affect financial performance.
Risks & safety
Skyline Champion demonstrates a strong margin of safety from a financial stability perspective, though valuation metrics suggest limited upside at current prices. • Liquidity and Solvency: Excellent financial position with $582 million in cash and short-term investments, minimal debt ($109 million total debt), and a debt-to-equity ratio of only 7.4%. Current ratio of 2.6x indicates strong ability to meet short-term obligations. • Cash Generation: Positive free cash flow of $37 million in Q3 2024, though down from stronger prior periods. Operating cash flow remains positive at $50 million quarterly. • Valuation Metrics: Current P/E ratio of 20.6x appears reasonable for a cyclical company, though EV/EBITDA of 12.6x suggests limited value. Price-to-book ratio of 3.3x is elevated relative to tangible asset value. • Other Considerations: Strong balance sheet provides significant downside protection during housing cycles. However, cyclical earnings volatility and current capacity utilization of only 53% indicate potential earnings pressure. Graham number of $25.34 suggests current price may be above intrinsic value based on conservative metrics.
Recent development
Over the past few years, Skyline Champion has pursued an aggressive growth and diversification strategy centered on strategic acquisitions, capacity expansion, and market channel development. The company completed the significant Regional Homes acquisition, adding the fourth-largest HUD manufacturer to its portfolio and contributing approximately $120 million in quarterly revenue, though at lower margins that have pressured overall profitability. The company has made substantial investments in manufacturing capacity expansion, opening new facilities in Decatur, Indiana; Bartow, Florida; and Pembroke, North Carolina, while also investing in production automation and digital manufacturing tools. These expansions were designed to capture anticipated demand growth, though current capacity utilization of 53% indicates the timing may have been premature relative to market conditions. A key strategic initiative has been the launch of Champion Financing, a joint venture with ECN Capital that provides floor plan financing to dealers and aims to create a more integrated customer experience. This captive finance company is expected to generate $12-24 million in pretax income annually and represents the company's expansion beyond pure manufacturing into financial services. Skyline Champion has also focused heavily on digital transformation and customer experience enhancement, launching home configurator platforms, digital lead generation tools, and social media marketing that has built a following of 875,000. The company has streamlined its product offerings to improve manufacturing efficiency while investing in R&D for production automation. The builder-developer channel has emerged as a significant growth opportunity, with the company securing relationships with top 100 builders and expanding its pipeline for supplying homes to traditional residential developments. This channel diversification reduces dependence on the traditional manufactured housing community market and positions the company to benefit from broader housing market trends.
SKY company profile · for informational purposes only — not investment advice.
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