Latest Ratios: P/E Ratio 23.4x · EV/EBITDA 16.1x · ROE 13.7%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.7B | $4.1B | $5.5B | $4.9B | $4.3B | $3.2B | $2.7B | $875M | $1.0B | $979M | $223M |
| Enterprise Value | $4.2B | $3.6B | $5.0B | $4.6B | $3.6B | $2.8B | $2.5B | $792M | $977M | $954M | $216M |
| P/E Ratio → | 23.41 | 19.87 | 27.51 | 33.60 | 10.75 | 12.82 | 31.83 | 15.12 | — | 61.11 | 0.86 |
| P/S Ratio | 1.76 | 1.54 | 2.20 | 2.43 | 1.66 | 1.44 | 1.90 | 0.64 | 0.75 | 0.92 | 0.94 |
| P/B Ratio | 3.08 | 2.61 | 3.54 | 3.47 | 3.50 | 3.86 | 4.75 | 1.85 | 2.47 | 6.39 | 8.81 |
| P/FCF | 17.39 | 15.24 | 28.71 | 29.03 | 11.86 | 16.52 | 18.52 | 14.27 | 19.13 | 44.13 | 8.41 |
| P/OCF | 15.44 | 13.53 | 22.68 | 22.13 | 10.37 | 14.17 | 17.55 | 11.41 | 15.58 | 30.95 | 6.66 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.34 | 2.02 | 2.27 | 1.39 | 1.27 | 1.77 | 0.58 | 0.72 | 0.90 | 0.91 |
| EV / EBITDA | 16.05 | 13.81 | 17.81 | 21.84 | 6.63 | 7.93 | 19.73 | 7.21 | — | 15.32 | 2272.83 |
| EV / EBIT | 16.53 | 13.35 | 18.87 | 22.33 | 6.73 | 8.41 | 21.83 | 8.83 | — | 19.78 | 618.68 |
| EV / FCF | — | 13.28 | 26.36 | 27.03 | 9.93 | 14.57 | 17.24 | 12.91 | 18.39 | 43.02 | 8.15 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.4% | 26.4% | 26.2% | 23.5% | 31.0% | 26.3% | 19.9% | 20.0% | 17.7% | 16.6% | 9.3% |
| Operating Margin | 9.5% | 9.5% | 9.5% | 8.7% | 19.9% | 15.1% | 7.7% | 6.7% | -1.5% | 5.1% | -0.4% |
| Net Profit Margin | 8.0% | 8.0% | 8.0% | 7.2% | 15.4% | 11.2% | 6.0% | 4.2% | -4.3% | 1.5% | 0.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 13.4% | 11.0% | 39.0% | 35.6% | 16.3% | 13.1% | -20.6% | 17.7% | 0.0% |
| ROA | 10.1% | 10.1% | 9.8% | 8.4% | 28.7% | 23.0% | 10.0% | 7.8% | -10.6% | 7.0% | 0.0% |
| ROIC | 17.6% | 17.6% | 16.3% | 16.3% | 79.6% | 60.1% | 21.3% | 17.9% | -6.1% | 55.2% | -3.5% |
| ROCE | 15.0% | 15.0% | 14.8% | 12.3% | 47.2% | 43.3% | 17.6% | 16.8% | -5.7% | 40.7% | -2.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.11 | 0.11 | 0.03 | 0.07 | 0.13 | 0.27 | 0.21 | 0.58 | 0.17 |
| Debt / EBITDA | 0.42 | 0.42 | 0.58 | 0.74 | 0.08 | 0.17 | 0.60 | 1.15 | — | 1.43 | 45.39 |
| Net Debt / Equity | — | -0.34 | -0.29 | -0.24 | -0.57 | -0.46 | -0.33 | -0.18 | -0.09 | -0.16 | -0.28 |
| Net Debt / EBITDA | -2.04 | -2.04 | -1.59 | -1.62 | -1.29 | -1.06 | -1.46 | -0.76 | — | -0.39 | -74.44 |
| Debt / FCF | — | -1.96 | -2.35 | -2.00 | -1.94 | -1.96 | -1.28 | -1.36 | -0.73 | -1.11 | -0.27 |
| Interest Coverage | 35.53 | 35.53 | 31.39 | 44.54 | 163.97 | 102.83 | 30.22 | 19.36 | -6.74 | 9.40 | 1.01 |
Net cash position: cash ($638M) exceeds total debt ($109M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.65 | 2.65 | 2.41 | 2.36 | 4.19 | 2.23 | 1.90 | 2.14 | 1.54 | 1.57 | 2.03 |
| Quick Ratio | 1.81 | 1.81 | 1.61 | 1.54 | 3.38 | 1.55 | 1.27 | 1.46 | 0.95 | 0.99 | 1.36 |
| Cash Ratio | 1.50 | 1.50 | 1.35 | 1.27 | 3.00 | 1.24 | 1.00 | 1.12 | 0.61 | 0.68 | 0.62 |
| Asset Turnover | — | 1.25 | 1.18 | 1.05 | 1.67 | 1.79 | 1.55 | 1.75 | 1.94 | 2.69 | 4.25 |
| Inventory Turnover | 5.47 | 5.47 | 5.08 | 4.86 | 8.89 | 6.74 | 6.86 | 8.67 | 9.13 | 9.06 | 17.54 |
| Days Sales Outstanding | — | 12.17 | 12.36 | 11.65 | 9.42 | 14.97 | 14.77 | 12.19 | 15.47 | 14.39 | 19.68 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | 6.4% | 0.1% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 5.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 5.0% | 3.6% | 3.0% | 9.3% | 7.8% | 3.1% | 6.6% | — | 1.6% | 116.3% |
| FCF Yield | 5.8% | 6.6% | 3.5% | 3.4% | 8.4% | 6.1% | 5.4% | 7.0% | 5.2% | 2.3% | 11.9% |
| Buyback Yield | 4.3% | 4.9% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.9% | 0.1% | 0.0% |
| Total Shareholder Yield | 4.3% | 4.9% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 13.4% | 0.2% | 0.0% |
| Shares Outstanding | — | $57M | $58M | $58M | $57M | $57M | $57M | $57M | $53M | $44M | $42M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SKY stock.
Champion Homes, Inc.'s current P/E ratio is 23.4x. The historical average is 30.4x. This places it at the 52th percentile of its historical range.
Champion Homes, Inc.'s current EV/EBITDA is 16.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.8x.
Champion Homes, Inc.'s return on equity (ROE) is 13.7%. The historical average is 1.4%.
Based on historical data, Champion Homes, Inc. is trading at a P/E of 23.4x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Champion Homes, Inc. has 26.4% gross margin and 9.5% operating margin.
Champion Homes, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Margin compression from input costs
Metrics are mathematically derived from official filings.
Premium Valuation Amidst Growth Slowdown
SKY trades at a forward EV/EBITDA of 13.16x, a premium to its peer Patrick Industries (9.77x) but a discount to Cavco (16.51x), suggesting the market is pricing in its superior balance sheet and margin stability despite decelerating growth.
The current P/E of 24.72x and PEG of 1.26 indicate the market is assigning a growth premium to SKY, which appears inconsistent with the recent deceleration in revenue growth to 1.3% year-over-year. This valuation may be supported by the company's fortress balance sheet and high cash conversion, but it leaves little room for further margin deterioration. Investors should monitor whether the premium is justified by SKY's structural advantages in logistics and vertical integration relative to more leveraged peers.
Margin Volatility Reflects Input Cost Sensitivity
Gross margin has fluctuated between 17.8% and 27.6% over the past ten quarters, with the most recent 25.2% in 2026Q1 indicating ongoing pressure from raw material costs and pricing dynamics within the affordable housing segment.
The operating margin of 8.5% in 2026Q1, down from a peak of 11.3% in 2025Q1, suggests that SG&A creep is eroding the benefits of scale as revenue growth stalls. The net margin of 6.9% remains healthy relative to the cyclical nature of the business, but the volatility in gross margin is the primary driver of earnings unpredictability. This pattern indicates that SKY's true earning power is highly dependent on its ability to manage commodity input costs and pass them through to price-sensitive consumers.
Decaying Returns on Invested Capital
ROIC has declined from a peak of 5.4% in 2025Q1 to 4.6% in 2026Q1, suggesting that the company's ability to generate returns on its invested capital is deteriorating as growth slows and margins compress.
The ROIC trend is concerning because it indicates that the company's capital base is growing faster than its operating profits, a classic sign of diminishing returns in a maturing cycle. The ROE of 3.1% is significantly lower than peer Cavco's 16.5%, which may reflect SKY's more conservative capital structure and lower financial leverage rather than operational underperformance. However, the declining trajectory warrants investigation into whether the company is investing in capacity that is not yet generating adequate returns.
Minimal Leverage Provides Strategic Optionality
With a debt-to-equity ratio of just 0.08% and a net cash position of $661.5 million as of 2026Q1, SKY maintains a fortress balance sheet that provides significant strategic flexibility and downside protection in a cyclical downturn.
The interest coverage ratio of 38.03x indicates that debt service is not a concern, and the company could comfortably take on additional leverage for acquisitions or capital returns. This conservative positioning contrasts sharply with peer Patrick Industries (D/E of 1.39x) and suggests management is prioritizing financial stability over aggressive growth. However, the low leverage also means SKY is not utilizing its balance sheet to enhance returns on equity, which may be a missed opportunity if the company can identify value-accretive deployment options.
The Misapplied Price-to-Book Ratio
The P/B ratio of 3.25x is frequently misapplied to SKY because it fails to account for the company's significant goodwill balance of $365.2 million, which inflates book value and distorts the true economic return on tangible equity.
For asset-light or high-intangible businesses, P/B can be misleading, but for SKY, the issue is the opposite: the ratio is inflated by goodwill from past acquisitions, making the company appear more expensive on a price-to-book basis than its underlying asset base warrants. A more appropriate metric would be Price-to-Tangible-Book-Value, which would exclude the goodwill and provide a clearer picture of the market's valuation relative to the company's physical manufacturing assets and cash. This adjustment is critical because the goodwill may be at risk of impairment if the housing market deteriorates, which would suddenly make the P/B ratio appear more attractive but would also signal a significant destruction of shareholder value.