Champion Homes, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Champion Homes, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	237	1,065	1,360	1,370	1,421	2,207	2,607	2,025	2,483	2,664
Cost of revenue	215	888	1,115	1,091	1,133	1,618	1,788	1,539	1,819	1,959
Gross profit	22	177	245	279	288	589	819	486	664	704
Selling, general and administrative	22.9	123	275	193	179	256	300	311	427	453
Operating income	0.35	54.6	-29.7	86.5	109	333	518	175	237	252
Interest expense	0.34	5.13	5.33	4.63	3.81	3.25	3.28	4.61	8.47	7.55
Interest income		0.95	2.04	3.23	0.57	0.73	18.3	32.9	25.4	24
Other non-operating income		-7.29	-8.27	0	5.89	0.04	0.63	-2.6	3.36	2.36
Pre-tax income	0.01	43.1	-41.3	85.1	111	330	534	201	257	271
Income tax	0	27.3	16.9	26.9	26.5	82.4	132	47.1	53.7	56.8
Income from continuing operations	0.01	15.8	-58.2
Net income to minority interests							0	0	3.23	7.3
Net income	0.01	15.8	-58.2	58.2	84.9	248	402	147	198	207
EBITDA	1.38	62.8	-13.7	105	126	354	545	210	279	300
EPS, basic	0.00	0.33	-1.09	1.03	1.50	4.37	7.05	2.55	3.45	3.68
EPS, diluted	0.00	0.33	-1.09	1.02	1.49	4.33	7.00	2.53	3.42	3.66
Shares, basic (weighted)	8.39	44.5	53.5	56.5	56.6	56.8	57	57.5	57.6	56.2
Shares, diluted (weighted)	8.51	44.5	53.5	56.8	57	57.3	57.4	58	58.1	56.5

Balance sheet

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	11.4	114	127	209	263	435	747	495	610	638
Receivables	12.8	42	57.6	45.7	57.5	90.5	67.3	64.6	84.1	88.8
Inventory	12.2	98	123	126	166	241	202	319	361	358
Other current assets	0.56	9.37	11.4	17.2	13.6	15	26.5	39.9	31.4	42.8
Total current assets	37.3	263	318	399	500	782	1,043	918	1,086	1,128
Property, plant and equipment	11	68	109	109	115	133	177	291	307	314
Lease right-of-use assets				14.8	11.5	11.2	30.3	38.7	32.4	27
Goodwill		3.18	173	174	192	192	197	358	358	365
Intangible assets		1.54	48.9	43.4	58.8	51.3	45.3	76.4	64.7	55.8
Other non-current assets	7.37	6.44	16.7	34.9	32.4	58.4	82.8	253	256	245
Total assets	55.6	395	700	782	918	1,235	1,563	1,923	2,110	2,132
Accounts payable	3.86	36.8	43.4	38.7	57.2	92.2	44.7	50.8	65.1	70.5
Accrued liabilities		24.1	32.1	27.8	42.6	64.9	41.4	35.1	52.6	54.4
Short-term debt		0.4							0	9.34
Total current liabilities	18.4	167	206	187	264	350	249	390	451	455
Long-term debt		58.9	54.3	77.3	39.3	12.4	12.4	24.7	24.8	14.4
Lease liabilities				10	7.22	6.55	23.4	31.3	23.6	18.2
Other non-current liabilities		12.8	23.9	40.1	42	41.8	62.4	79.8	82.5	80.4
Total liabilities	30.3	242	288	307	349	410	330	501	566	559
Total debt		59.3	54.3	77.3	39.3	12.4	12.4	24.7	24.8	23.8
Paid-in capital	5.17		479	486	492	503	519	568	587	612
Retained earnings	85.6	22.5	-58.2	-0.05	82.9	328	726	866	976	976
Treasury stock	-65.7
Other comprehensive income		-9.29	-10.6	-12.8	-7.52	-7.21	-13.7	-13.9	-20.1	-16.5
Shareholders' equity	25.3	153	412	474	569	825	1,233	1,422	1,544	1,573
Total equity	25.3	153	412	474	569	825	1,233	1,422	1,544	1,573
Total liabilities and equity	55.6	395	700	782	918	1,235	1,563	1,923	2,110	2,132

Cash flow statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	0.01	15.8	-58.2	58.2	84.9	248	402	147	202	214
Depreciation and amortization	1.03	8.26	16.1	18.5	17.7	20.9	26.7	34.9	41.9	47.8
Stock-based compensation	0.16	0.64	102	8.35	6.04	9.78	14.2	19.6	18.3	20.9
Deferred income tax		12.9	3.05	11.8	3.59	3.02	1.29	-6.23	-10.5	13.6
Change in receivables	2.4	-13.9	-2.22	11.9	-9.31	-32.9	23.1	18.9	-19.5	-4.18
Change in inventory	-0.85	-24.8	-6.04	-4.49	-31	-75	49.2	22.4	-42	20.1
Change in payables		7.69	-3.11	-4.61	16.4	34.8	-49.1	-7.95	14.4	4.29
Cash from operations	2.87	31.6	65.2	76.7	154	224	416	223	241	304
Capital expenditures	-1.36	-9.44	-12.1	-15.4	-8.02	-32	-52.2	-52.9	-50.5	-34.1
Acquisitions			9.72		-52.5	-0.21	-6.81	-283	0	-27.3
Cash from investing	0.86	-8.62	-2.03	-14.1	-56.8	-32	-61.2	-486	-46.2	-57.2
Debt repaid						0	0	-0.08	0	-1.1
Stock issued			1.62	0.11	0.06	1.41	2.47	1.46	0.47	4.11
Share buybacks							0	0	-80	-200
Cash from financing		10.3	-72.5	21.6	-47.8	-19.9	-37	10.9	-73	-222
Net change in cash	3.73	33.9	-9.98	82.8	53.1	173	312	-252	115	27.9
Free cash flow	1.51	22.2	53.1	61.4	146	193	364	170	190	270
Interest paid	0.24	5	4.98	4.04	3.57	2.66	2.94	3.88	8.39	8.93
Income taxes paid		13	13.5	22.3	17.5	73.8	144	59.1	59.2	38.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 27, 2026; growth uses fiscal years. Valuation uses the share price of $87.72 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	26.0%	Gross profit / revenue.
Operating margin	8.7%	Operating income / revenue.
EBITDA margin	10.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	9.5%	Pre-tax income / revenue.
Net margin	7.2%	Net income / revenue.
FCF margin	10.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	11.3%	Cash from operations / revenue.
Effective tax rate	22.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.9%	Net income / average total assets.
Return on invested capital (ROIC)	22.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	17.2%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.3%	Capital expenditures / revenue.
D&A / revenue	1.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	13.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-4.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	19.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	6.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-21.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	18.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	7.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-18.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	18.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	4.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-19.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	19.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	7.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-19.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	26.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-10.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	14.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	41.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-9.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	13.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	22.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	18.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.74x	Current assets / current liabilities.
Quick ratio	1.87x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.67x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.02x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.1%	Total debt / total assets.
Liabilities / assets	26.8%	Total liabilities / total assets.
Net debt	-$760.9M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-2.76x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$818.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	19.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.15B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.24x	Revenue / average total assets.
Fixed asset turnover	8.56x	Revenue / average property, plant and equipment.
Inventory turnover	5.44x	Cost of revenue / average inventory.
Days inventory	67 days	365 x average inventory / cost of revenue.
Receivables turnover	28.2x	Revenue / average receivables.
Days sales outstanding	13 days	365 x average receivables / revenue.
Days payables	14 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	66 days	Days inventory + days sales outstanding - days payables.
FCF conversion	139.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	11.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.47	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$48.45	Revenue / diluted weighted shares.
FCF per share	$4.82	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.46	Cash from operations / diluted weighted shares.
Book value per share	$28.51	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$20.93	Tangible book value / shares outstanding.
Cash per share	$14.22	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	75.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.76B	Share price x shares outstanding.
Enterprise value	$4.00B	Market cap + total debt - cash - short-term investments.
P/E	24.9x	Market cap / net income. Only when net income is positive.
P/S	1.78x	Market cap / revenue.
P/B	3.03x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.12x	Market cap / tangible book value, when positive.
P/FCF	17.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	15.8x	Market cap / cash from operations, when positive.
EV/Sales	1.50x	Enterprise value / revenue.
EV/EBIT	17.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	14.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	15.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.6%	Free cash flow / market cap.
Earnings yield	4.0%	Net income / market cap (the inverse of P/E).
Shareholder yield	4.2%	(Dividends paid + share buybacks) / market cap.

What was Champion Homes, Inc.'s revenue in fiscal 2026?

Champion Homes, Inc. reported revenue of $2.66B for fiscal 2026, 7.3% higher than the year before.

Was Champion Homes, Inc. profitable in fiscal 2026?

Yes. Net income was $206.9M, a net margin of 7.8%.

How much free cash flow did Champion Homes, Inc. generate in fiscal 2026?

Cash from operations of $303.9M minus capital expenditures of $34.1M left free cash flow of $269.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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