Champion Homes (SKY) FY2026 results: revenue $2.7 billion, up 7.3% on the year
Champion Homes, Inc. (SKY) reported revenue of $2.7 billion for fiscal 2026, the year ended 28 March 2026, up 7.3% on the year before. Net income was $207 million, up 4.3%, and diluted earnings per share $3.66. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2026.
Revenue
$2.7 billion
+7.3% on the year
FY2019FY2026
Operating margin
9.5%
9.5% a year earlier
FY2019FY2026
Net income
$207 million
+4.3% on the year
FY2019FY2026
Diluted EPS
$3.66
+7.0% on the year
FY2019FY2026
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 kept.
Fourth quarter net sales rose: Net sales rose 4.6% to $621.3 million in the fourth quarter and 7.3% to $2.7 billion for the full year.
Full-year adjusted EPS rose 9.4%: Fourth quarter diluted EPS was $0.53 and adjusted EPS $0.68. Full-year diluted EPS was $3.66 and adjusted EPS rose 9.4% to $3.85.
Adjusted gross margin flat year over year: Adjusted gross profit margin was 25.7% in the fourth quarter, flat year over year. Adjusted gross profit rose 4.6% to $159.4 million.
U.S. homes sold fell slightly: U.S. homes sold fell 0.6% to 5,908 in the fourth quarter.
Backlog rose 18.8% in quarter: Backlog rose 18.8% in the fourth quarter to $316.0 million, but was down 8.0% year over year.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Operating cash flow
304
241
223
+26.2%
Capital expenditure
34.1
50.5
52.9
-32.5%
Free cash flow
270
190
170
+41.7%
Free cash flow margin
10.1%
7.7%
8.4%
Cash from investing
-57.2
-46.2
-486
Cash from financing
-222
-73.0
10.9
Depreciation and amortisation
47.8
41.9
34.9
+14.0%
Share-based compensation
20.9
18.3
19.6
+14.3%
Buybacks
200
80.0
0.0
+150.0%
Diluted shares, weighted
57m
58m
58m
-2.7%
Balance sheet
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Shareholders' equity
1,573
1,544
1,422
+1.8%
Debt
23.8
24.8
24.7
-4.0%
Operating lease liabilities
18.2
23.6
31.3
-23.1%
Other liabilities
517
518
445
-0.2%
Total liabilities and equity
2,132
2,110
1,923
+1.0%
Fixed assets
314
307
291
+2.3%
Goodwill
365
358
358
+2.0%
Intangible assets
55.8
64.7
76.4
-13.7%
Cash and equivalents
638
610
495
+4.6%
Receivables
88.8
84.1
64.6
+5.6%
Inventory
358
361
319
-0.6%
Other assets
311
326
320
-4.5%
Total assets
2,132
2,110
1,923
+1.0%
10-K for the year ended 28 March 2026, filed 26 May 2026: the filing.