Champion Homes, Inc. manufactures and sells prefabricated housing units throughout North America. Its diverse product portfolio includes manufactured and modular homes, recreational ...
Champion Homes, Inc. (formerly Skyline Champion Corporation) is a vertically integrated company that designs, manufactures, and sells a diverse portfolio of factory-built housing units across North America. Its product lines include manufactured and modular homes, recreational park model vehicles, accessory dwelling units, and specialized modular structures for multi-family and hospitality ...Champion Homes, Inc. (formerly Skyline Champion Corporation) is a vertically integrated company that designs, manufactures, and sells a diverse portfolio of factory-built housing units across North America. Its product lines include manufactured and modular homes, recreational park model vehicles, accessory dwelling units, and specialized modular structures for multi-family and hospitality sectors. The company operates through numerous well-known brands such as Skyline Homes, Champion Home Builders, Genesis Homes, and many others, catering to a wide range of customers from first-time buyers to large-scale developers.
Beyond manufacturing, Champion Homes offers construction and installation services for its residences, operates Titan Factory Direct with 18 retail sales centers in the southern U.S., and provides transportation services for homes and recreational vehicles. The company is headquartered in Troy, Michigan, and employs approximately 9,300 people, making it one of the largest homebuilders in North America.
Financially, Champion Homes has demonstrated strong performance, with a market capitalization of about $5.2 billion as of the latest data. The company maintains a healthy balance sheet with a current ratio of 2.7, a debt-to-equity ratio of only 0.07, and positive free cash flow. Its profit margin is around 7.2%, and it has a return on equity of 12.1%. The company's revenue per share is approximately $48.93, and it has a price-to-earnings ratio of 27.6. While it does not currently pay a dividend, it reinvests in growth and operational efficiency.
Under the leadership of CEO Tim Larson, who took over in December 2024, Champion Homes is focused on expanding its market presence, enhancing customer experience, and delivering high-quality, affordable housing solutions. The company's longevity, diverse product portfolio, and strong financial fundamentals position it well for continued success in the residential construction industry.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.7B
+7.3%
+14.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$206.9M
+4.3%
+65.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+26.4%
+1.1%
+1.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+9.5%
-1.0%
+46.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+7.8%
-2.8%
+44.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$269.7M
+41.7%
+44.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+10.1%
+32.1%
+26.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
6.9%
-34.6%
+12.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.65x
+10.1%
+3.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning, and welcome to the Champion Homes First Quarter Fiscal 2026 Earnings Call. My name is Mina, and I will be coordinating your call today. I will now turn the call over to your host, Jason Blair, to begin. Jason, please go ahead.
Jason Blair: Good morning. Thank you for taking the time to join us for today's conference call and review of our business results for the first quarter ended June 28, 2025. Here to review our results are Tim Larson, Champion Homes' President and Chief Executive Officer; and Laurie Hough, Executive Vice President, Chief Financial Officer and Treasurer. Yesterday, after the market closed, we issued our earnings release. As a reminder, the earnings release and statements made during today's call include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These results are subject to risks and uncertainties that could cause actual results to differ materially from the company's expectations. Such risks and uncertainties include the factors set forth in the earnings release and in the company's filings with the Securities and Exchange Commission. Please note that today's remarks contain non-GAAP financial measures, which we believe can be useful in evaluating performance. Definitions and reconciliations of these measures can be found in the earnings release. I will now turn the call over to Champion Homes' CEO, Tim Larson.
Timothy Mark Larson: Thank you, Jason, and good morning, everyone. Before we discuss our quarterly results, I want to share an update on the progress we are making on our strategic priorities. These priorities reflect how we are elevating the business for near- and long-term performance. On our first strategy, winning as a customer-centric, high-performance team, we've added 2 highly accomplished executives, one to our Board of Directors, Ms. Fedewa and Alan Robertson as Chief Human Resources Officer. Mary is an accomplished leader in the real estate industry with more than 30 years of experience in finance and capital markets. She co-founded STORE Capital, one of the largest and fastest-growing real estate investment trusts in the U.S. Mary served as its President and CEO and as a member of its Board of Directors. Alan Robertson joins our executive leadership team at CHRO. He has over 15 years of human capital leadership experience, including most recently at Pulte Homes, where he led HR across their manufacturing and field operations teams. Alan's homebuilder experience and business-first leadership style are a great fit to support and develop our 9,000 team members. We continue to invest in our new product strategy that's bringing in new buyers with home styles and floor plans at the right price point and value. Recently, we received national recognition for our newly launched HUD Code and modular homes. You can view the homes on our social platforms. Consistent with our strategy to drive broader awareness to our brands and bring …
