LGI Homes vs Champion Homes
Add, change or remove companies; up to four.
The short version
- Champion Homes is the larger business, with $2.7B of revenue in fiscal 2026 against $1.7B for LGI Homes, about 1.6 times as much.
- Champion Homes grew revenue faster (7.3%, against −22.6%).
- Champion Homes kept more of each dollar of sales as operating profit (9.5% operating margin, against 4.7%).
- Champion Homes turned more of its sales into free cash flow (10.1% FCF margin, against −8.3%).
- Champion Homes earned a higher return on the capital invested in it (20.8%, against 1.6%).
- Investors pay more for each dollar of Champion Homes’s earnings: a P/E of 23.0x against 14.9x for LGI Homes.
| Latest fiscal year | LGIH · FY25 | SKY · FY26 |
|---|---|---|
| Size | ||
| Market cap | $990M | $4.4B |
| Revenue | $1.7B | $2.7B |
| Free cash flow | −$141M | $270M |
| Net income | $72.6M | $207M |
| Growth | ||
| Revenue growth | −22.6% | 7.3% |
| 5-year growth | −6.4% | 13.4% |
| Share count change | −1.5% | −2.7% |
| Profitability | ||
| Gross margin | 20.7% | 26.4% |
| Operating margin | 4.7% | 9.5% |
| Net margin | 4.3% | 7.8% |
| FCF margin | −8.3% | 10.1% |
| Return on capital | 1.6% | 20.8% |
| Return on equity | 3.5% | 13.3% |
| Balance sheet | ||
| Net debt | $1.6B | −$615M |
| Net debt / EBITDA | 19.0x | −2.1x |
| Dividends and buybacks | $23.6M | $200M |
| Valuation & quality | ||
| P/E | 14.9x | 23.0x |
| Piotroski F-score | — | 6 |
Revenue
FY17
LGIH $1.3B
SKY $237M
FY18
LGIH $1.5B
SKY —
FY19
LGIH $1.8B
SKY $1.4B
FY20
LGIH $2.4B
SKY $1.4B
FY21
LGIH $3.1B
SKY $1.4B
FY22
LGIH $2.3B
SKY $2.2B
FY23
LGIH $2.4B
SKY $2.6B
FY24
LGIH $2.2B
SKY $2.0B
FY25
LGIH $1.7B
SKY $2.5B
FY26
LGIH —
SKY $2.7B
LGIH
SKY
Operating margin
FY17
LGIH 13.5%
SKY 0.2%
FY18
LGIH 13.3%
SKY —
FY19
LGIH 12.4%
SKY −2.2%
FY20
LGIH 15.4%
SKY 6.3%
FY21
LGIH 18.0%
SKY 7.7%
FY22
LGIH 16.9%
SKY 15.1%
FY23
LGIH 9.9%
SKY 19.9%
FY24
LGIH 9.6%
SKY 8.7%
FY25
LGIH 4.7%
SKY 9.5%
FY26
LGIH —
SKY 9.5%
LGIH
SKY
Free cash flow
FY17
LGIH —
SKY $1.5M
FY18
LGIH —
SKY —
FY19
LGIH —
SKY $53.1M
FY20
LGIH —
SKY $61.4M
FY21
LGIH —
SKY $146M
FY22
LGIH −$372M
SKY $193M
FY23
LGIH −$58.4M
SKY $364M
FY24
LGIH −$146M
SKY $170M
FY25
LGIH −$141M
SKY $190M
FY26
LGIH —
SKY $270M
LGIH
SKY
Return on capital
FY17
LGIH 14.0%
SKY —
FY18
LGIH 14.5%
SKY —
FY19
LGIH 12.7%
SKY —
FY20
LGIH 20.5%
SKY 17.3%
FY21
LGIH 22.9%
SKY 24.1%
FY22
LGIH 12.5%
SKY 66.9%
FY23
LGIH 6.1%
SKY 86.7%
FY24
LGIH 4.9%
SKY 18.5%
FY25
LGIH 1.6%
SKY 19.6%
FY26
LGIH —
SKY 20.8%
LGIH
SKY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.