S
Champion Homes, Inc.
SKYCIK 0000090896NYSELarge AcceleratedMobile HomesIndianaFY ends Mar 29
Period
FY 2026
Revenue
$2.66B
Net Income
$206.90M
Total Assets
$2.13B
Equity
$1.57B
Shares Out
54.89M
Op. Cash Flow
$303.87M
Business
Champion Homes, Inc. is a leading producer of factory-built housing in North America that designs and manufactures manufactured and modular homes. The company offers manufactured and modular homes, park model RVs, cabins, accessory dwelling units (ADUs), modular buildings, and complementary services including factory-direct retail, installation and set-up construction services, transportation logistics, and dealer/consumer financing through a joint venture. Its operations are organized across manufacturing, company-owned retail sales centers, construction services (Champion Construction), logistics (Star Fleet Trucking) and Champion Financing. Champion Homes serves markets in 20 U.S. states and western Canada, distributing products through independent and company-owned retailers, community operators, government agencies, builders/developers and FEMA contracts.
Summary from filing dated 2025-05-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 28, 2026 2026-03-28 | Mar 29, 2025 2025-03-29 | Mar 30, 2024 2024-03-30 |
|---|---|---|---|---|
| Net sales | 2,664 | 2,483 | 2,025 | |
| Cost of sales | 1,959 | 1,819 | 1,539 | |
| Gross profit | 704 | 664 | 486 | |
| Selling, general, and administrative expenses | 453 | 427 | 311 | |
| Operating income | 252 | 237 | 175 | |
| Interest expense | 8 | 8 | 5 | |
| Interest (income) | 24 | 25 | 33 | |
| Other (income) expense | 2 | 3 | −3 | |
| Income before income taxes | 271 | 257 | 201 | |
| Income tax expense | 57 | 54 | 47 | |
| Net income before equity in net (income) loss of affiliates | 214 | 204 | 154 | |
| Equity in net (income) loss of affiliates | 382,000 | −2 | −7 | |
| Net income | 214 | 202 | 147 | |
| Net income attributable to non-controlling interest | 7 | 3 | 0 | |
| Net income attributable to Champion Homes, Inc. | 207 | 198 | 147 | |
| Net income per share: | — | — | — | |
| Basic | 3.68 | 3.45 | 2.55 | |
| Diluted | 3.66 | 3.42 | 2.53 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 28, 2026 2026-03-28 | Mar 29, 2025 2025-03-29 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 638 | 610 | |
| Trade accounts receivable, net | 89 | 84 | |
| Inventories, net | 358 | 361 | |
| Other current assets | 43 | 31 | |
| Total current assets | 1,128 | 1,086 | |
| Long-term assets: | — | — | |
| Property, plant, and equipment, net | 314 | 307 | |
| Goodwill | 365 | 358 | |
| Amortizable intangible assets, net | 56 | 65 | |
| Deferred tax assets | 23 | 38 | |
| Other noncurrent assets | 245 | 256 | |
| Total assets | 2,132 | 2,110 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | — | — | |
| Current liabilities: | — | — | |
| Floor plan payable | 95 | 106 | |
| Accounts payable | 71 | 65 | |
| Other current liabilities | 290 | 280 | |
| Total current liabilities | 455 | 451 | |
| Long-term liabilities: | — | — | |
| Long-term debt | 14 | 25 | |
| Deferred tax liabilities | 8 | 7 | |
| Other liabilities | 80 | 83 | |
| Total long-term liabilities | 103 | 115 | |
| Stockholders' Equity: | — | — | |
| Common stock, $0.0277 par value, 115,000 shares authorized, 54,841 and 57,109 shares issued as of March 28, 2026 and March 29, 2025, respectively. | 2 | 2 | |
| Additional paid-in capital | 612 | 587 | |
| Retained earnings | 976 | 976 | |
| Accumulated other comprehensive loss | −16 | −20 | |
| Total stockholders' equity | 1,573 | 1,544 | |
| Total liabilities and stockholders' equity | 2,132 | 2,110 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 28, 2026 2026-03-28 | Mar 29, 2025 2025-03-29 | Mar 30, 2024 2024-03-30 |
|---|---|---|---|---|
| Cash flows from operating activities | — | — | — | |
| Net income | 214 | 202 | 147 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | — | — | — | |
| Depreciation and amortization | 48 | 42 | 35 | |
| Equity-based compensation | 21 | 18 | 20 | |
| Deferred taxes | −14 | 11 | 6 | |
| Amortization of deferred financing fees | 521,000 | 414,000 | 348,000 | |
| (Gain) loss on disposal of property, plant, and equipment | 3 | −35,000 | −205,000 | |
| Foreign currency transaction (gain) loss | 488,000 | −1 | −297,000 | |
| Equity in net (income) loss of affiliates | 382,000 | −2 | −7 | |
| Dividends from equity method investment | 956,000 | 1 | 0 | |
| Change in fair value of contingent consideration | 4 | 9 | 0 | |
| Change in assets and liabilities, net of businesses acquired: | — | — | — | |
| Accounts receivable | 4 | 20 | −19 | |
| Floor plan receivables | 9 | 23 | 15 | |
| Inventories | −20 | 42 | −22 | |
| Other assets | −6 | −16 | 15 | |
| Accounts payable | 4 | 14 | −8 | |
| Accrued expenses and other current liabilities | −12 | 30 | 17 | |
| Net cash provided by operating activities | 304 | 241 | 223 | |
| Cash flows from investing activities | — | — | — | |
| Additions to property, plant, and equipment | 34 | 51 | 53 | |
| Cash paid for acquisitions, net of cash acquired | 27 | 0 | 283 | |
| Cash paid for equity method investment | 895,000 | 0 | 4 | |
| Cash paid for investment in ECN common stock | 0 | 0 | 79 | |
| Cash paid for investment in ECN preferred stock | 0 | 0 | 65 | |
| Investment in floor plan loans | 0 | 0 | 18 | |
| Proceeds from floor plan loans | 0 | 3 | 16 | |
| Proceeds from disposal of property, plant, and equipment | 5 | 2 | 649,000 | |
| Net cash (used in) investing activities | −57 | −46 | −486 | |
| Cash flows from financing activities | — | — | — | |
| Changes in floor plan financing, net | −12 | 15 | 15 | |
| Payments on long term debt | 1 | 0 | 77,000 | |
| Payments for deferred financing fees | 1 | 0 | 0 | |
| Distributions to noncontrolling interest | 7 | 0 | 0 | |
| Payments for repurchase of common stock | 200 | 80 | 0 | |
| Stock option exercises | 4 | 473,000 | 1 | |
| Tax payments for equity-based compensation | 5 | 8 | 6 | |
| Net cash (used in) provided by financing activities | −222 | −73 | 11 | |
| Effect of exchange rate changes on cash and cash equivalents | 3 | −6 | −280,000 | |
| Net increase (decrease) in cash and cash equivalents | 28 | 115 | −252 | |
| Cash and cash equivalents at end of period | — | — | — | |
| Cash and cash equivalents at end of period | — | — | — | |
| Supplemental disclosures of cash flow information | — | — | — | |
| Cash paid for interest | 9 | 8 | 4 | |
| Cash paid for income taxes | 38 | 59 | 59 |
Filings
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