Tearsheet

Champion Homes (SKY)

Market Price (12/23/2025): $85.59 | Market Cap: $4.8 Bil
Sector: Consumer Discretionary | Industry: Homebuilding

Champion Homes (SKY)

Market Price (12/23/2025): $85.59
Market Cap: $4.8 Bil
Sector: Consumer Discretionary
Industry: Homebuilding

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -18%	Key risks SKY key risks include [1] reduced orders and margins due to high sensitivity to interest rates, Show more.
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%
2	Low stock price volatility Vol 12M is 48%
3	Megatrend and thematic drivers Megatrends include Future of Housing. Themes include Affordable Housing Solutions, Modular & Industrialized Construction, and Energy-Efficient Prefabricated Homes.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%
2	Low stock price volatility Vol 12M is 48%
3	Megatrend and thematic drivers Megatrends include Future of Housing. Themes include Affordable Housing Solutions, Modular & Industrialized Construction, and Energy-Efficient Prefabricated Homes.
4	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -18%
5	Key risks SKY key risks include [1] reduced orders and margins due to high sensitivity to interest rates, Show more.

Valuation, Metrics & Events

	12/23/25	2024	2023	2022
Share Price CYE	$85.59	$88.10	$74.26	$51.51
Market Cap CYE ($ Bil)	4.8	5.1	4.3	2.9
Total Debt ($ Bil)	0.1	0.1	0.1	0.0
Total Cash ($ Bil)	0.6	0.6	0.5	0.7
Enterprise Value ($ Bil)	4.3	5.2	4.4	2.9
Valuation Ratios
P/S TTM	1.8	2.0	2.1	1.1
P/EBIT TTM	16.3	19.1	20.8	5.5
P/E TTM	21.8	25.6	29.1	7.3
P/FCF TTM	23.6	26.6	25.1	8.1
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.7	6.5
P/E TTM (Sector)	10.3	11.1	10.3	8.4
P/FCF TTM (Sector)	11.3	12.4	9.5	7.3

	12/23/25	2024	2023
Share Price CYE	$85.59	$88.10	$74.26
Market Cap CYE ($ Bil)	4.8	5.1	4.3
Total Debt ($ Bil)	0.1	0.1	0.1
Total Cash ($ Bil)	0.6	0.6	0.5
Enterprise Value ($ Bil)	4.3	5.2	4.4
Valuation Ratios
P/S TTM	1.8	2.0	2.1
P/EBIT TTM	16.3	19.1	20.8
P/E TTM	21.8	25.6	29.1
P/FCF TTM	23.6	26.6	25.1
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.7
P/E TTM (Sector)	10.3	11.1	10.3
P/FCF TTM (Sector)	11.3	12.4	9.5

	SKY	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	2.6
Rev Chg Q	11.0%	7.3%
Rev Chg LTM	12.1%	6.1%
Rev Chg 3Y Avg	1.0%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	10.2%	18.8%
CFO/Rev LTM	9.4%	20.4%
Net Inc Mgn	8.4%	13.1%
VALUATION	MODERATE
P/S	1.8	3.2
P/CFO	19.5	15.7
P/FCF	23.6	20.7
P/E	21.8	23.5
STABILITY	VERY GOOD
Debt/Equity	0.03	0.21
Cash/Assets	0.29	0.07

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Metric	Value	Date	Source
U.S. homes sold	6575	9272025	Link
Canadian factory-built homes sold	196	9272025	Link
Average selling price per U.S. home sold	98700	9272025	Link
Total backlog	313.2 million	9272025	Link
Number of manufacturing facilities	48	5212024	Link
Number of retail locations	74	5212024	Link
U.S. wholesale market share of HUD code homes sold	19.9%	3302024	Link

Upcoming
2/03/2026	Earnings Release	Rev: $649 Mil (E) EPS: $0.83 (E)

SKY Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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The requested period for Champion Homes (SKY) stock movement, from August 31, 2025, to December 23, 2025, is in the future. Therefore, specific details and reasons for a 13.5% stock movement within this future timeframe cannot be provided. However, based on the most recent available information for Champion Homes (SKY), several factors generally influence its stock performance. Here are some key points based on available historical data and recent analyst information for Champion Homes (SKY): 1. Strong Financial Performance and Revenue Growth

Champion Homes has demonstrated consistent operational performance, with strong revenue growth and structured financial metrics. In 2024, the company's revenue increased by 22.65% to $2.48 billion, and earnings rose by 35.25% to $198.41 million. More recently, for Q2 fiscal year 2026 (ending in November 2025), revenue was reported at $684.4 million, a notable increase from $616.9 million in the prior year, primarily driven by its U.S. business with increased units produced and sold, and higher average selling prices. 2. Increased Demand for Affordable Housing

Strengthening demand and policy support for affordable off-site housing, coupled with product innovation, continue to expand Champion Homes' market reach and support sustained revenue growth. The company has seen robust demand across its sales channels, contributing to significant year-over-year growth. Show more The requested period for Champion Homes (SKY) stock movement, from August 31, 2025, to December 23, 2025, is in the future. Therefore, specific details and reasons for a 13.5% stock movement within this future timeframe cannot be provided. However, based on the most recent available information for Champion Homes (SKY), several factors generally influence its stock performance. Here are some key points based on available historical data and recent analyst information for Champion Homes (SKY): 1. Strong Financial Performance and Revenue Growth

Champion Homes has demonstrated consistent operational performance, with strong revenue growth and structured financial metrics. In 2024, the company's revenue increased by 22.65% to $2.48 billion, and earnings rose by 35.25% to $198.41 million. More recently, for Q2 fiscal year 2026 (ending in November 2025), revenue was reported at $684.4 million, a notable increase from $616.9 million in the prior year, primarily driven by its U.S. business with increased units produced and sold, and higher average selling prices. 2. Increased Demand for Affordable Housing

Strengthening demand and policy support for affordable off-site housing, coupled with product innovation, continue to expand Champion Homes' market reach and support sustained revenue growth. The company has seen robust demand across its sales channels, contributing to significant year-over-year growth. 3. Strategic Expansion and Acquisitions

Strategic expansion, acquisitions like Regional Homes, and operational efficiencies position Champion Homes for margin improvement and long-term earnings growth in a diversifying market. The integration of Regional Homes notably contributed approximately $148 million to net sales in Q2 Fiscal 2025. 4. Analyst Ratings and Price Targets

Champion Homes has received a consensus rating of "Buy" from analysts, with an average rating score of 2.83. The 12-month stock price target is $95.5, which suggests a potential increase of 9.72% from a recent price. The company has also been the subject of strong analyst interest with 6 research reports in the past 90 days. 5. Backlog and Customer Orders

While recent financial performance has been robust, there are some indicators to watch, such as a shrinking backlog. The company's backlog decreased from $427.5 million in Q2 2025 to $313.2 million, and management acknowledged a decrease in customer orders during the first half of fiscal year 2026 compared to the same period a year earlier. This could signal potential future pressure on top-line results. Show less

Stock Movement Drivers

Fundamental Drivers

The 15.7% change in SKY stock from 9/22/2025 to 12/22/2025 was primarily driven by a 12.4% change in the company's P/E Multiple.

	9222025	12222025	Change
Stock Price ($)	74.00	85.63	15.72%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2556.99	2624.54	2.64%
Net Income Margin (%)	8.50%	8.41%	-1.02%
P/E Multiple	19.45	21.86	12.40%
Shares Outstanding (Mil)	57.10	56.35	1.32%
Cumulative Contribution			15.70%

LTM = Last Twelve Months as of date shown

Market Drivers

9/22/2025 to 12/22/2025

	Return	Correlation
SKY	15.7%
Market (SPY)	2.7%	17.1%
Sector (XLY)	1.9%	29.8%

Fundamental Drivers

The 37.2% change in SKY stock from 6/23/2025 to 12/22/2025 was primarily driven by a 21.2% change in the company's P/E Multiple.

	6232025	12222025	Change
Stock Price ($)	62.41	85.63	37.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2483.45	2624.54	5.68%
Net Income Margin (%)	7.99%	8.41%	5.29%
P/E Multiple	18.03	21.86	21.21%
Shares Outstanding (Mil)	57.33	56.35	1.70%
Cumulative Contribution			37.17%

LTM = Last Twelve Months as of date shown

Market Drivers

6/23/2025 to 12/22/2025

	Return	Correlation
SKY	37.2%
Market (SPY)	14.4%	21.1%
Sector (XLY)	14.3%	38.3%

Fundamental Drivers

The -10.8% change in SKY stock from 12/22/2024 to 12/22/2025 was primarily driven by a -40.7% change in the company's P/E Multiple.

	12222024	12222025	Change
Stock Price ($)	96.03	85.63	-10.83%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2340.47	2624.54	12.14%
Net Income Margin (%)	6.42%	8.41%	31.00%
P/E Multiple	36.84	21.86	-40.66%
Shares Outstanding (Mil)	57.65	56.35	2.25%
Cumulative Contribution			-10.88%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2024 to 12/22/2025

	Return	Correlation
SKY	-10.8%
Market (SPY)	16.9%	33.1%
Sector (XLY)	7.8%	40.8%

Fundamental Drivers

The 62.7% change in SKY stock from 12/23/2022 to 12/22/2025 was primarily driven by a 203.1% change in the company's P/E Multiple.

	12232022	12222025	Change
Stock Price ($)	52.62	85.63	62.73%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2705.51	2624.54	-2.99%
Net Income Margin (%)	15.36%	8.41%	-45.25%
P/E Multiple	7.21	21.86	203.14%
Shares Outstanding (Mil)	56.96	56.35	1.06%
Cumulative Contribution			62.71%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2023 to 12/22/2025

	Return	Correlation
SKY	14.8%
Market (SPY)	47.7%	36.8%
Sector (XLY)	38.4%	42.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SKY Return	-2%	155%	-35%	44%	19%	-1%	175%
Peers Return	13%	61%	-23%	71%	4%	3%	154%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	113%
Monthly Win Rates [3]
SKY Win Rate	50%	83%	25%	67%	50%	50%
Peers Win Rate	63%	73%	42%	57%	53%	45%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
SKY Max Drawdown	-61%	-3%	-45%	0%	-12%	-32%
Peers Max Drawdown	-48%	-4%	-44%	-1%	-11%	-18%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CVCO, LEGH, DHI, LEN, PHM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)

How Low Can It Go

Unique Key	Event	SKY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-47.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	91.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	624 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-66.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	196.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	305 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-65.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	193.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	219 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-64.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	179.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4,358 days	1,480 days

Compare to SSD, SONO, LEG, HELE, DHI

In The Past

Champion Homes's stock fell -47.9% during the 2022 Inflation Shock from a high on 12/8/2021. A -47.9% loss requires a 91.9% gain to breakeven.

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About Champion Homes (SKY)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada. The company also provides construction services to install and set-up factory-built homes; operates Titan Factory Direct, a factory-direct manufactured home retail business with 18 sales centers in the southern United States; and engages in the transportation of manufactured homes and recreational vehicles. The company was founded in 2010 and is headquartered in Troy, Michigan.

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Here are 1-3 brief analogies to describe Champion Homes (SKY):

The Ford of factory-built homes.
The General Motors of manufactured housing.

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Manufactured Homes: Factory-built homes constructed to federal Manufactured Home Construction and Safety Standards (HUD Code).
Modular Homes: Homes built in sections in a factory and then assembled on-site to state and local building codes.
Park Model RVs: Smaller recreational vehicles designed for temporary or seasonal living.
Accessory Dwelling Units (ADUs): Secondary housing units on a single-family residential lot.
Financial Services: Providing financing options for the purchase of manufactured and modular homes through captive finance operations.

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Champion Homes (SKY) Major Customers

Champion Homes (symbol: SKY) sells primarily to other businesses rather than directly to individual consumers. According to its SEC filings (e.g., the 10-K for the fiscal year ended December 31, 2022), Champion Homes does not have any single "major customer" that accounted for 10% or more of its consolidated net sales. Therefore, specific names of major customer companies with their symbols cannot be provided. Instead, Champion Homes serves a broad and diversified network of business customers, which can be categorized as follows:

Independent Retailers/Dealers: These businesses purchase manufactured and modular homes from Champion Homes. They then sell these homes to individual consumers for placement on private land, in manufactured home communities, or as part of other housing solutions. This represents a primary channel for Champion's residential products.
Developers and Builders: These companies acquire manufactured and modular homes from Champion Homes for integration into larger residential projects, such as planned communities, subdivisions, and multi-family housing developments.
Commercial and Industrial Customers: Champion Homes also designs and builds modular buildings for a variety of non-residential applications. These customers include businesses, government entities, and institutions that require modular solutions for purposes such as offices, schools, healthcare facilities, dormitories, and workforce housing.

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Tim Larson, President and Chief Executive Officer

Tim Larson was named President and Chief Executive Officer of Champion Homes, Inc. in December 2024, succeeding Mark Yost. He previously served as Chief Growth Officer for the company since May 2021. Mr. Larson is an accomplished executive with significant experience in the consumer products and manufacturing industries, including leading and transforming omnichannel retail businesses. He previously served as President and Chief Executive Officer of Jostens, Inc. from January 2008 to January 2013. From August 2013 to January 2018, he was the Chief Marketing Officer and Senior Vice President of Global Customer Excellence for Polaris Industries. Mr. Larson also acted as Board Chair for several businesses, including Spectro Alloys and Botanic Innovations.

Laurie Hough, Executive Vice President, Chief Financial Officer, and Treasurer

Laurie Hough has served as Executive Vice President, Chief Financial Officer, and Treasurer of Champion Homes, Inc. since June 1, 2018. Prior to this role, from October 2016 to June 2018, she was the Executive Vice President and Chief Financial Officer of both Champion Holdings and CHB. Ms. Hough also held the positions of Vice President and Controller of Champion Holdings and CHB from July 2013 to October 2016, and Vice President of Accounting and Financial Reporting from October 2010 to July 2013. Before joining Champion, she served as Manager of Financial Consolidations at Chrysler Group LLC and as an Audit Manager at PwC.

Joseph Kimmell, Executive Vice President, Operations

Joseph Kimmell was named Executive Vice President, Operations for Champion Homes, Inc. effective July 1, 2019. He re-joined CHB in July 2010 as Regional Vice President of the Northeast Region. Prior to that, Mr. Kimmell served as General Manager at various CHB facilities from 1997 until 2009.

Wade Lyall, Executive Vice President, Sales and Business Development

Wade Lyall was named Executive Vice President, Sales and Business Development for Champion Homes, Inc. effective July 1, 2019. Mr. Lyall joined CHB in 2000 as a Sales Manager.

Laurel Krueger, Senior Vice President, General Counsel, and Secretary

Laurel Krueger has served as Senior Vice President, General Counsel, and Secretary of Champion Homes, Inc. since August 1, 2024. She joined Champion Home Builders, Inc., a subsidiary of Champion Homes, Inc., in June 2024 as Deputy General Counsel. Previously, she served as Sr. Vice President, Chief Legal Officer and Corporate Secretary of Express, Inc. since September 2021, and prior to that, as Executive Vice President, General Counsel and Corporate Secretary of Kontoor Brands, Inc. since January 2019.

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The key risks to Champion Homes (NYSE: SKY) primarily revolve around macroeconomic factors, competitive pressures, and operational challenges.

Economic Conditions and Interest Rates: The manufactured housing industry is highly sensitive to general economic conditions, including consumer confidence, the availability of financing, and interest rate fluctuations. Higher interest rates have historically led to slower order rates, reduced margins, and softer demand for Champion Homes' products. This directly impacts the affordability of homes and the willingness of consumers to purchase.
Intense Competition: Champion Homes operates in a competitive market and faces increasing competition from other modular housing companies. This competitive environment can put pressure on pricing, market share, and profitability.
Supply Chain Disruptions, Material Costs, and Natural Disasters: The company is exposed to risks associated with supply chain disruptions and volatile material costs, such as lumber. While Champion Homes has generally been able to pass on higher material costs through surcharges and price increases, this ability can fluctuate. Additionally, natural disasters and adverse weather conditions can impact sales, disrupt manufacturing operations, and increase raw material costs.

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The emergence and rapid advancement of 3D printing technology for residential construction represents a clear emerging threat. Companies specializing in 3D-printed homes are demonstrating the potential for significant reductions in construction time, labor costs, and material waste. This technology directly challenges the value proposition of traditional factory-built homes, which rely on modular and manufactured building techniques, by offering a potentially faster, cheaper, and more automated method of producing housing units, particularly in segments like affordable housing where SKY operates.

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Champion Homes (SKY) operates in several addressable markets for its main products and services, primarily within North America, with specific market sizes identified for the U.S. and globally.

Manufactured Homes: The addressable market size for manufactured homes in the U.S. is estimated at approximately $13.74 billion in 2025, with projections to reach $18.92 billion by 2030.
Modular Homes: The North American modular construction market, which includes modular homes, is estimated to be approximately $19.77 billion in 2025, with an expected increase to $25.40 billion by 2030.
Park Model RVs and Vacation Homes: The global Park Model RVs market was valued at $1.88 billion in 2024 and is projected to reach $2.01 billion in 2025, with an anticipated growth to $3.44 billion by 2033. The U.S. holds a significant share, accounting for approximately 85% of the global market.
Accessory Dwelling Units (ADUs): The global Accessory Dwelling Unit (ADU) market was valued at approximately $18 billion in 2024 and is projected to reach $19.65 billion in 2025. The U.S. market contributes over 36% to the total global share.
Commercial Structures (Modular Buildings): Within the broader North American modular construction market, commercial applications represented a 38.57% revenue share in 2024. Based on the North American modular construction market size of $19.77 billion in 2025, the commercial segment of this market would be approximately $7.63 billion.

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Champion Homes (symbol: SKY) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

Strategic Acquisitions and Expanded Capacity: The successful integration of acquisitions, notably Regional Homes, has exceeded synergy targets ahead of schedule, significantly contributing to increased sales across all channels. Furthermore, the company's expansion of both retail and manufacturing capacity, including acquisitions such as Iseman Homes, supports higher home volumes.
Growing Demand in the Builder/Developer Channel and Affordable Housing Market: Champion Homes is experiencing robust performance in its builder/developer channel, with an acceleration in securing new builders. This growth is underpinned by a sustained demand for affordable housing solutions, as both smaller-to-mid-tier and larger traditional builders face margin pressures and challenges in meeting the needs of first-time homebuyers.
Enhanced Digital Direct-to-Consumer and "Builder-as-a-Service" Offerings: The company is actively strengthening its digital direct-to-consumer presence and strategically expanding into "Builder-as-a-Service" and direct consumer retail sales via digital platforms. These initiatives are designed to broaden market reach and enhance customer value.
Expansion of Financing Solutions: Collaborations, such as "Champion Financing" with Triad Financial Services, are gaining traction. This program offers new floor plan financing options for independent dealers and consumer client financing for selected national products, aiming to improve financing accessibility and stimulate growth in the manufactured housing market.
Favorable Product Mix and Pricing Power: Champion Homes is observing a shift in its product mix towards more multi-section homes, which naturally leads to higher average selling prices. Additionally, increased pricing at the company's owned retail sales centers is contributing to expanded gross margins and, consequently, revenue growth.

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Share Repurchases

Champion Homes' Board of Directors authorized a $50 million increase to its existing share repurchase program in May 2025, bringing the total program capacity to $150 million. This authorization was refreshed in July 2025 to provide for $150 million of potential future repurchases.
In the first quarter of fiscal year 2026 (ended June 28, 2025), Champion Homes repurchased $50 million of its common stock.
The company repurchased $20 million of common stock in the fourth quarter of fiscal year 2025 (ended March 29, 2025) and an additional $20 million in the third quarter of fiscal year 2025 (ended December 28, 2024).

Outbound Investments

Champion Homes announced a definitive agreement in May 2025 to acquire Iseman Homes, Inc., including 10 retail sales centers across several states, with the acquisition expected to close in fiscal first quarter ending June 30, 2025. Iseman Homes generated approximately $40 million in annual revenue.
The acquisition of Regional Homes significantly contributed to an increase in net sales for fiscal year 2025 and was a strategic initiative aimed at strengthening Champion's distribution network and retail footprint.
Other acquisitions for fiscal year 2025 included Factory Expo, Manis Custom Builders, and ScotBilt Homes.

Capital Expenditures

Champion Homes is continuously engaged in capital expenditures.
The company's capital allocation strategy includes investing in production automation technology to reduce labor, minimize material waste, and enhance operational precision.
Strategic capital deployment also focuses on investing in technology and accelerating product innovation, and expanding retail capabilities.

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INDUSTRY: Homebuilding

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LOW (8.4%)

Lowe's Companies

Higher Total Yield (Value for SKY: 4.6%)

LOW (6.9%)

Lowe's Companies

HD (6.9%)

Home Depot

MCD (6.0%)

McDonald's

RCL (5.4%)

Royal Caribbean

SBUX (4.7%)

Starbucks

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SKY: 1.0% | 1.8x)

WMT (5.4% | 1.3x)

Walmart

COST (6.7% | 1.3x)

Costco Wholesale

UNH (11.4% | 0.7x)

UnitedHealth

T (1.1% | 1.4x)

AT&T

PGR (20.6% | 1.6x)

Progressive

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SKY: 1.0% | 18.0x)

V (10.9% | 17.2x)

Visa

PG (1.8% | 16.3x)

Procter & Gamble

UNH (11.4% | 11.2x)

UnitedHealth

MRK (2.9% | 11.7x)

Merck

PM (8.0% | 16.8x)

Philip Morris International

Higher Rev Chg LTM (Value for SKY: 12.1%)

NVDA (65.2%)

NVIDIA

AVGO (23.9%)

Broadcom

META (21.3%)

Meta Platforms

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

Higher Rev Chg 3Y Avg (Value for SKY: 1.0%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

GOOGL (11.0%)

Alphabet

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for SKY: 10.2%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for SKY: 9.4%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for SKY: 7.8%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for SKY: 4.6%)

XOM (9.3%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

JPM (6.5%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

V (5.2%)

Visa

		Best Bets In Consumer Discretionary Sector
	SKY	ABNB	BKNG	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH	YUM
What You Pay
P/E	21.9	31.8	34.7	26.8	30.4	22.1	12.1	25.2	21.0	17.6	29.8
P/EBIT	16.3	30.9	20.8	18.4	13.4	14.7	8.9	22.3	18.3	10.3	17.3
What You Get
Rev Chg Q	11.0%	9.7%	12.7%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%	8.4%
Rev Chg LTM	12.1%	10.2%	13.0%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%	11.6%
Rev Chg 3Y Avg	1.0%	14.2%	17.8%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%	6.4%
FCF/Rev 3Y Avg	8.8%	40.2%	35.6%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Champion Homes Earnings Notes
2	Can Champion Homes Stock Hold Up When Markets Turn?	Return
3	As SKY Surges 11% in a Week, SO's Story Stands Out	Counter-Intuitive Comparisons
4	Big Move for SKY, but Do GRBK's Margins and Growth Give It the Edge?	Counter-Intuitive Comparisons
5	How Does Champion Homes Stock Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than SKY Stock: Pay Less Than Champion Homes To Get More From OKE, HALO
7	SKY Dip Buy Analysis
8	Day 7 of Loss Streak for Champion Homes Stock with -29% Return (vs. -26% YTD) [5/28/2025]	Notification
9	Day 6 of Loss Streak for Champion Homes Stock with -24% Return (vs. -20% YTD) [5/27/2025]	Notification
10	Champion Homes (SKY) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select ideas related to SKY. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	10.7%	10.7%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.9%	3.9%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.8%	3.8%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.9%	19.9%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.5%	7.5%	-1.6%
SKY_5312025_Dip_Buyer_ValueBuy	05312025	SKY	Champion Homes	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	31.3%	30.9%	-7.8%
SKY_8312022_Dip_Buyer_FCFYield	08312022	SKY	Champion Homes	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	20.8%	25.8%	-17.5%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ADEA	Adeia	1.8	30.5%	21.0%
AAOI	Applied Optoelectronics	2.5	24.8%	6.1%
QBTS	D-Wave Quantum	11.0	20.0%	283.2%
ZBIO	Zenas BioPharma	1.8	17.1%	416.8%
UNF	UniFirst	3.6	16.1%	16.4%
FLY	Firefly Aerospace	4.0	16.0%
UAMY	United States Antimony	0.7	16.0%	215.8%
RZLT	Rezolute	0.2	15.8%	-58.2%
RCAT	Red Cat	0.8	14.5%	-28.2%
KURA	Kura Oncology	1.0	14.5%	29.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TPL	Texas Pacific Land	7.0	-66.3%	-72.5%
EWTX	Edgewise Therapeutics	2.2	-18.0%	-21.6%
DJT	Trump Media & Technology	4.0	-10.4%	-57.7%
AVO	Mission Produce	0.8	-9.7%	-17.0%
GTN-A	Gray Media	1.0	-8.0%	43.1%
ANGX	Angel Studios	0.8	-8.0%
DDS	Dillard's	9.6	-7.7%	48.3%
NKTR	Nektar Therapeutics	0.6	-7.2%	211.7%
MPLT	MapLight Therapeutics	0.8	-6.7%
TLRY	Tilray Brands	11.0	-6.6%	-21.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LUNR	Intuitive Machines	2.0	50.1%	-8.1%
FBYD	Falcons Beyond Global	0.7	46.4%	129.2%
TE	T1 Energy	1.1	44.3%
HUT	Hut 8	5.3	42.2%	145.9%
FLY	Firefly Aerospace	4.0	40.5%
RKLB	Rocket Lab	39.9	40.0%	204.5%
DJT	Trump Media & Technology	4.0	37.8%	-57.7%
QBTS	D-Wave Quantum	11.0	35.6%	283.2%
EEX	Emerald	0.9	34.2%	-0.1%
AAOI	Applied Optoelectronics	2.5	30.8%	6.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.5	-79.5%	-26.1%
TPL	Texas Pacific Land	7.0	-63.9%	-72.5%
LW	Lamb Weston	6.0	-28.0%	-34.3%
OLMA	Olema Pharmaceuticals	2.4	-21.4%	383.4%
FDMT	4D Molecular Therapeutics	0.5	-20.5%	56.4%
NKTR	Nektar Therapeutics	0.6	-18.4%	211.7%
INSP	Inspire Medical Systems	2.9	-17.9%	-47.2%
PLAY	Dave & Buster's Entertainment	0.6	-17.9%	-45.0%
NKE	Nike	84.5	-15.6%	-22.6%
HPP	Hudson Pacific Properties	4.6	-14.9%	-51.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TE	T1 Energy	1.1	168.4%
WVE	WAVE Life Sciences	2.9	166.0%	45.3%
LUNR	Intuitive Machines	2.0	107.3%	-8.1%
AAOI	Applied Optoelectronics	2.5	100.6%	6.1%
RKLB	Rocket Lab	39.9	96.4%	204.5%
VERA	Vera Therapeutics	3.4	93.0%	27.2%
ANF	Abercrombie & Fitch	5.9	83.9%	-16.6%
PL	Planet Labs PBC	6.3	83.4%	409.9%
ARWR	Arrowhead Pharmaceuticals	9.6	81.1%	267.0%
FTRE	Fortrea	1.6	76.2%	-5.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-78.8%	-58.2%
TPL	Texas Pacific Land	7.0	-65.7%	-72.5%
JANX	Janux Therapeutics	0.9	-50.7%	-73.7%
FRMI	Fermi	6.2	-42.4%
LENZ	LENZ Therapeutics	0.5	-36.4%	-39.0%
GOGO	Gogo	0.6	-30.3%	-41.9%
UP	Wheels Up Experience	0.4	-27.4%	-62.1%
ACLX	Arcellx	3.7	-27.2%	-15.0%
ORIC	ORIC Pharmaceuticals	0.7	-26.8%	4.1%
KOS	Kosmos Energy	0.5	-26.5%	-71.8%

Peer Comparisons for Champion Homes

Peers to compare with:

Financials

	SKY	CVCO	LEGH	DHI	LEN	PHM	Median
Name	Champion.	Cavco In.	Legacy H.	D.R. Hor.	Lennar	PulteGro.
Mkt Price	85.63	601.57	19.69	145.38	106.99	119.11	113.05
Mkt Cap	4.8	4.8	0.5	43.0	27.3	23.4	14.1
Rev LTM	2,625	2,144	180	34,250	34,766	17,623	10,124
Op Inc LTM	268	225	54	4,424	3,470	3,395	1,832
FCF LTM	204	180	18	3,284	-713	1,552	192
FCF 3Y Avg	202	187	5	3,154	2,783	1,875	1,038
CFO LTM	248	210	26	3,421	-568	1,668	229
CFO 3Y Avg	251	210	13	3,305	2,918	1,983	1,117

Growth & Margins

	SKY	CVCO	LEGH	DHI	LEN	PHM	Median
Name	Champion.	Cavco In.	Legacy H.	D.R. Hor.	Lennar	PulteGro.
Rev Chg LTM	12.1%	15.8%	10.2%	-6.9%	-4.7%	1.8%	6.0%
Rev Chg 3Y Avg	1.0%	1.2%	-6.7%	0.9%	3.0%	5.4%	1.1%
Rev Chg Q	11.0%	9.7%	-8.6%	-3.2%	-6.4%	-1.6%	-2.4%
QoQ Delta Rev Chg LTM	2.6%	2.3%	-2.1%	-0.9%	-1.7%	-0.4%	-0.7%
Op Mgn LTM	10.2%	10.5%	29.7%	12.9%	10.0%	19.3%	11.7%
Op Mgn 3Y Avg	10.8%	10.5%	32.8%	15.4%	13.6%	20.6%	14.5%
QoQ Delta Op Mgn LTM	0.0%	0.4%	-2.4%	-1.2%	-1.5%	-0.7%	-0.9%
CFO/Rev LTM	9.4%	9.8%	14.4%	10.0%	-1.6%	9.5%	9.6%
CFO/Rev 3Y Avg	11.0%	10.7%	7.7%	9.4%	8.4%	11.6%	10.0%
FCF/Rev LTM	7.8%	8.4%	10.2%	9.6%	-2.1%	8.8%	8.6%
FCF/Rev 3Y Avg	8.8%	9.5%	3.5%	8.9%	8.0%	10.9%	8.9%

Valuation

	SKY	CVCO	LEGH	DHI	LEN	PHM	Median
Name	Champion.	Cavco In.	Legacy H.	D.R. Hor.	Lennar	PulteGro.
Mkt Cap	4.8	4.8	0.5	43.0	27.3	23.4	14.1
P/S	1.8	2.2	2.6	1.3	0.8	1.3	1.6
P/EBIT	16.3	19.4	8.0	9.7	7.9	6.8	8.9
P/E	21.9	24.2	9.8	12.0	10.2	8.9	11.1
P/CFO	19.5	22.6	18.1	12.6	-48.1	14.0	16.1
Total Yield	4.6%	4.1%	10.2%	9.5%	11.7%	12.0%	9.9%
Dividend Yield	0.0%	0.0%	0.0%	1.2%	1.9%	0.7%	0.4%
FCF Yield 3Y Avg	4.7%	6.1%	0.5%	7.1%	7.3%	9.2%	6.6%
D/E	0.0	0.0	0.0	0.1	0.2	0.1	0.1
Net D/E	-0.1	-0.1	-0.0	0.1	0.1	0.0	-0.0

Returns

	SKY	CVCO	LEGH	DHI	LEN	PHM	Median
Name	Champion.	Cavco In.	Legacy H.	D.R. Hor.	Lennar	PulteGro.
1M Rtn	4.9%	4.9%	1.5%	-0.9%	-13.1%	-0.8%	0.4%
3M Rtn	15.7%	7.3%	-27.9%	-11.2%	-11.9%	-7.6%	-9.4%
6M Rtn	37.2%	46.8%	-12.6%	13.6%	-2.5%	14.0%	13.8%
12M Rtn	-10.8%	32.1%	-20.3%	5.4%	-21.2%	8.6%	-2.7%
3Y Rtn	62.7%	165.1%	10.4%	67.9%	23.3%	166.4%	65.3%
1M Excs Rtn	3.4%	5.4%	-1.0%	0.7%	-13.2%	-0.8%	-0.1%
3M Excs Rtn	11.4%	1.8%	-31.6%	-15.6%	-16.2%	-11.6%	-13.6%
6M Excs Rtn	19.7%	27.5%	-26.2%	-0.1%	-16.3%	0.4%	0.2%
12M Excs Rtn	-27.2%	15.9%	-35.7%	-13.4%	-42.6%	-9.3%	-20.3%
3Y Excs Rtn	-17.6%	84.5%	-71.4%	-11.1%	-58.1%	82.7%	-14.3%

Comparison Analyses

	Title
0	How Does Champion Homes Stock Stack Up Against Its Peers?

FDIC Bank Data

$ Mil \| FY: 3/29	LTM	2025	2024	2023	2022	2021	2020
Period End	9/27/2025	3/29/2025	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020
Filing Date	11/5/2025	5/27/2025	5/29/2024	5/30/2023	5/24/2022	5/26/2021	5/21/2020
Key Financials
Total Revenue	2,625	2,483	2,025	2,607	2,207	1,421	1,370
EBITDA	341	308	240	564	355	133	108
Operating Income	268	237	175	518	333	109	86
Net Income	221	198	147	402	248	85	58
EPS	3.86	3.45	2.55	7.05	4.37	1.50	1.03
Growth Rates
Total Revenue Growth	12.1%	22.7%	-22.3%	18.1%	55.3%	3.7%	0.7%
EBITDA Growth	34.8%	28.0%	-57.4%	59.0%	166.8%	22.8%	644.1%
Operating Income Growth	44.2%	35.3%	-66.2%	55.7%	206.1%	25.8%	390.7%
Net Income Growth	46.9%	35.3%	-63.5%	62.0%	192.2%	46.0%	199.9%
Margins
EBITDA Margin	13.0%	12.4%	11.9%	21.6%	16.1%	9.4%	7.9%
Operating Income Margin	10.2%	9.5%	8.7%	19.9%	15.1%	7.7%	6.3%
Net Income Margin	8.4%	8.0%	7.2%	15.4%	11.2%	6.0%	4.2%
Cash & Debt
Total Cash	619	610	495	747	435	263	209
Total Debt	123	131	116	12	48	65	111
Net Debt / (Cash)	-496	-479	-379	-735	-388	-198	-98
Cash Flows
Net Cash from Operations	248	241	223	416	224	154	77
Free Cash from Operations	204	190	170	364	192	146	61
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	140	80	-0	-0	-0	-0	-0

$ Mil \| FY: 3/29	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	9/27/2025	6/28/2025	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022
Filing Date	11/5/2025	8/6/2025	5/27/2025	2/5/2025	10/29/2024	8/7/2024	5/29/2024	2/6/2024	11/1/2023	8/2/2023	5/30/2023	2/7/2023
Key Financials Quarterly
Total Revenue	684	701	594	645	617	628	536	559	464	465	492	582
Ebitda	92	98	59	92	83	74	25	71	68	77	84	115
Operating Income	75	79	42	73	67	55	8	56	52	59	69	102
Net Income	58	65	36	62	55	46	3	47	46	51	58	83
EPS	1.03	1.13	0.63	1.07	0.95	0.79	0.05	0.81	0.80	0.90	1.01	1.45
Key Financials TTM
Total Revenue TTM	2,625	2,557	2,483	2,426	2,340	2,188	2,025	1,980	2,003	2,345	2,607	2,753
Ebitda TTM	341	332	308	273	253	238	240	300	344	476	564	601
Operating Income TTM	268	260	237	203	186	171	175	236	282	420	518	566
Net Income TTM	221	217	198	165	150	141	147	202	237	336	402	431
Growth Rates Quarterly
Total Revenue Growth	11.0%	11.7%	10.7%	15.3%	32.9%	35.1%	9.1%	-3.9%	-42.5%	-36.0%	-23.0%	8.9%
EBITDA Growth	11.3%	32.6%	137.5%	28.7%	22.8%	-3.7%	-70.3%	-38.2%	-66.2%	-53.4%	-30.8%	19.2%
Operating Income Growth	12.2%	41.8%	443.6%	29.6%	28.1%	-6.5%	-88.7%	-45.1%	-72.6%	-62.3%	-40.7%	11.9%
Net Income Growth	6.3%	41.3%	1203.7%	31.0%	19.8%	-10.7%	-95.2%	-43.3%	-68.3%	-56.2%	-33.5%	22.5%
Margins Quarterly
EBITDA Margin	13.5%	13.9%	10.0%	14.2%	13.5%	11.7%	4.7%	12.7%	14.6%	16.5%	17.1%	19.8%
Operating Income Margin	10.9%	11.2%	7.1%	11.3%	10.8%	8.8%	1.4%	10.0%	11.2%	12.7%	14.0%	17.6%
Net Income Margin	8.5%	9.2%	6.1%	9.5%	8.9%	7.3%	0.5%	8.4%	9.8%	11.0%	11.7%	14.2%
Cash & Debt
Total Cash	619	605	610	582	570	549	495	498	701	798	747	712
Total Debt	123	128	131	113	111	118	116	105	12	12	12	12
Net Debt / (Cash)	-496	-478	-479	-469	-460	-431	-379	-393	-689	-785	-735	-700
Cash Flows Quarterly
FCF from Operations	76	75	46	50	60	85	4	89	54	75	52	85
Cash Flows TTM
FCF from Operations TTM	248	232	241	199	238	232	223	271	267	444	416	424
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	20	0	0	0	0	0	0
Share Repurchases	50	50	20	20	20	20	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	254.9%	236.5%	157.0%	243.2%	193.2%	132.5%	14.2%	110.1%	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	235.8%	197.0%	210.8%	168.3%	134.6%	102.5%	75.9%	111.9%	-	-	-	-

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
U.S. Factory-built Housing	1,239	709	696	579	491
Corporate/Other	552	729	432	252	234
Canadian Factory-built Housing	132	125	107	87	57
Total	1,923	1,563	1,235	918	782

Price Behavior

Price Behavior

Market Price	$85.63
Market Cap ($ Bil)	4.8
First Trading Date	12/31/1981
Distance from 52W High	-20.8%
	50 Days	200 Days
DMA Price	$79.36	$77.11
DMA Trend	down	up
Distance from DMA	7.9%	11.1%
	3M	1YR
Volatility	52.4%	47.8%
Downside Capture	49.96	115.98
Upside Capture	114.46	86.84
Correlation (SPY)	17.8%	32.7%

SKY Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.28	0.61	0.74	1.04	0.82	1.15
Up Beta	0.48	2.13	2.61	2.57	0.71	1.03
Down Beta	0.61	-0.15	-0.20	-0.34	0.63	0.75
Up Capture	268%	90%	89%	133%	79%	294%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	12	21	30	63	115	379
Down Capture	-125%	21%	43%	95%	112%	108%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	21	33	62	132	367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of SKY With Other Asset Classes (Last 1Y)
	SKY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-15.2%	3.1%	14.7%	67.3%	6.8%	-0.5%	-16.6%
Annualized Volatility	48.1%	24.7%	19.7%	19.3%	15.2%	17.6%	35.4%
Sharpe Ratio	-0.19	0.07	0.57	2.54	0.23	-0.18	-0.25
Correlation With Other Assets		41.7%	33.8%	1.4%	3.7%	45.5%	18.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of SKY With Other Asset Classes (Last 5Y)
	SKY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	23.7%	10.2%	15.0%	18.9%	11.8%	5.1%	35.8%
Annualized Volatility	47.5%	23.8%	17.1%	15.5%	18.7%	18.9%	48.9%
Sharpe Ratio	0.61	0.39	0.71	0.98	0.51	0.18	0.63
Correlation With Other Assets		55.0%	51.5%	9.7%	11.2%	50.7%	23.5%

Based On 10-Year Data

		Comparison of SKY With Other Asset Classes (Last 10Y)
	SKY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	40.8%	13.3%	14.9%	14.9%	6.7%	5.5%	69.9%
Annualized Volatility	59.7%	22.0%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.82	0.56	0.71	0.84	0.30	0.23	0.90
Correlation With Other Assets		43.5%	41.2%	1.9%	11.9%	39.3%	12.4%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	4,450,372
Short Interest: % Change Since 11152025	4.1%
Average Daily Volume	639,194
Days-to-Cover Short Interest	6.96
Basic Shares Quantity	56,352,000
Short % of Basic Shares	7.9%

Returns Analyses

	Title
0	Can Champion Homes Stock Hold Up When Markets Turn?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/4/2025	10.1%	26.3%	28.4%
8/5/2025	4.5%	5.9%	19.1%
5/27/2025	-16.4%	-24.6%	-26.8%
2/4/2025	13.5%	13.9%	6.6%
10/28/2024	-1.6%	0.1%	13.9%
8/6/2024	11.1%	15.7%	20.2%
5/21/2024	-7.4%	-10.8%	-8.1%
2/5/2024	11.9%	15.3%	16.0%
...
SUMMARY STATS
# Positive	13	15	15
# Negative	9	7	7
Median Positive	10.1%	15.3%	16.0%
Median Negative	-10.6%	-10.8%	-8.6%
Max Positive	18.9%	26.3%	28.4%
Max Negative	-16.4%	-24.6%	-29.7%

	Forward Returns
11/4/2025	10.1%	26.3%	28.4%
8/5/2025	4.5%	5.9%	19.1%
5/27/2025	-16.4%	-24.6%	-26.8%
2/4/2025	13.5%	13.9%	6.6%
10/28/2024	-1.6%	0.1%	13.9%
8/6/2024	11.1%	15.7%	20.2%
5/21/2024	-7.4%	-10.8%	-8.1%
2/5/2024	11.9%	15.3%	16.0%
10/31/2023	-5.0%	-3.0%	2.7%
5/30/2023	-10.6%	-3.5%	0.3%
2/6/2023	14.6%	16.6%	16.1%
11/1/2022	-16.2%	-12.5%	-5.1%
8/2/2022	-1.7%	4.1%	-8.6%
5/23/2022	-15.9%	-0.9%	-10.6%
2/2/2022	5.4%	17.2%	0.7%
8/3/2021	4.8%	9.7%	10.3%
5/25/2021	18.9%	21.5%	20.8%
2/1/2021	12.8%	21.3%	24.5%
10/27/2020	8.2%	17.4%	28.2%
7/29/2020	7.4%	8.9%	8.6%
5/20/2020	1.5%	1.5%	-3.8%
1/28/2020	-14.8%	-21.7%	-29.7%
SUMMARY STATS
# Positive	13	15	15
# Negative	9	7	7
Median Positive	10.1%	15.3%	16.0%
Median Negative	-10.6%	-10.8%	-8.6%
Max Positive	18.9%	26.3%	28.4%
Max Negative	-16.4%	-24.6%	-29.7%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11052025	10-Q 9/27/2025
6302025	8062025	10-Q 6/28/2025
3312025	5272025	10-K 3/29/2025
12312024	2052025	10-Q 12/28/2024
9302024	10292024	10-Q 9/28/2024
6302024	8072024	10-Q 6/29/2024
3312024	5292024	10-K 3/30/2024
12312023	2062024	10-Q 12/30/2023
9302023	11012023	10-Q 9/30/2023
6302023	8022023	10-Q 7/1/2023
3312023	5302023	10-K 4/1/2023
12312022	2072023	10-Q 12/31/2022
9302022	11022022	10-Q 10/1/2022
6302022	8032022	10-Q 7/2/2022
3312022	5242022	10-K 4/2/2022
12312021	2032022	10-Q 1/1/2022

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Champion Homes (SKY)

Market Price (12/23/2025): $85.59 | Market Cap: $4.8 BilSector: Consumer Discretionary | Industry: Homebuilding

Champion Homes (SKY)

Market Price (12/23/2025): $85.59Market Cap: $4.8 BilSector: Consumer DiscretionaryIndustry: Homebuilding

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

SKY Stock

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About Champion Homes (SKY)

Champion Homes (SKY) Major Customers

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Interactive Breakdown

Better Bets than Champion Homes (SKY)

INDUSTRY: Homebuilding

Higher Rev Chg 3Y Avg | Lower P/S (Values for SKY: 1.0% | 1.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SKY: 1.0% | 18.0x)

Higher Rev Chg LTM (Value for SKY: 12.1%)

Higher Rev Chg 3Y Avg (Value for SKY: 1.0%)

Higher Op Mgn LTM (Value for SKY: 10.2%)

Higher CFO/Rev LTM (Value for SKY: 9.4%)

Higher FCF/Rev LTM (Value for SKY: 7.8%)

Higher Total Yield (Value for SKY: 4.6%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for SKY: 1.0% | 1.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SKY: 1.0% | 18.0x)

Higher Rev Chg LTM (Value for SKY: 12.1%)

Higher Rev Chg 3Y Avg (Value for SKY: 1.0%)

Higher Op Mgn LTM (Value for SKY: 10.2%)

Higher CFO/Rev LTM (Value for SKY: 9.4%)

Higher FCF/Rev LTM (Value for SKY: 7.8%)

Higher Total Yield (Value for SKY: 4.6%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SKY: 1.0% | 1.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SKY: 1.0% | 18.0x)

Higher Rev Chg LTM (Value for SKY: 12.1%)

Higher Rev Chg 3Y Avg (Value for SKY: 1.0%)

Higher Op Mgn LTM (Value for SKY: 10.2%)

Higher CFO/Rev LTM (Value for SKY: 9.4%)

Higher FCF/Rev LTM (Value for SKY: 7.8%)

Higher Total Yield (Value for SKY: 4.6%)

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Market Price (12/23/2025): $85.59 | Market Cap: $4.8 Bil
Sector: Consumer Discretionary | Industry: Homebuilding

Market Price (12/23/2025): $85.59
Market Cap: $4.8 Bil
Sector: Consumer Discretionary
Industry: Homebuilding