Green Brick Partners vs Champion Homes
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The short version
- Champion Homes is the larger business, with $2.7B of revenue in fiscal 2026 against $2.0B for Green Brick Partners.
- Champion Homes grew revenue faster (7.3%, against −1.0%).
- Champion Homes earned a higher return on the capital invested in it (20.8%, against 17.9%).
- Investors pay more for each dollar of Champion Homes’s earnings: a P/E of 23.0x against 9.7x for Green Brick Partners.
| Latest fiscal year | GRBK · FY25 | SKY · FY26 |
|---|---|---|
| Size | ||
| Market cap | $2.8B | $4.4B |
| Revenue | $2.0B | $2.7B |
| Free cash flow | $208M | $270M |
| Net income | $313M | $207M |
| Growth | ||
| Revenue growth | −1.0% | 7.3% |
| 5-year growth | 15.9% | 13.4% |
| Share count change | −2.0% | −2.7% |
| Profitability | ||
| Gross margin | 31.4% | 26.4% |
| Operating margin | — | 9.5% |
| Net margin | 15.4% | 7.8% |
| FCF margin | 10.2% | 10.1% |
| Return on capital | 17.9% | 20.8% |
| Return on equity | 18.0% | 13.3% |
| Balance sheet | ||
| Net debt | $132M | −$615M |
| Net debt / EBITDA | 0.3x | −2.1x |
| Dividends and buybacks | $86.7M | $200M |
| Valuation & quality | ||
| P/E | 9.7x | 23.0x |
| Piotroski F-score | — | 6 |
FY17
GRBK $458M
SKY $237M
FY18
GRBK $624M
SKY —
FY19
GRBK $792M
SKY $1.4B
FY20
GRBK $976M
SKY $1.4B
FY21
GRBK $1.4B
SKY $1.4B
FY22
GRBK $1.8B
SKY $2.2B
FY23
GRBK $1.7B
SKY $2.6B
FY24
GRBK $2.1B
SKY $2.0B
FY25
GRBK $2.0B
SKY $2.5B
FY26
GRBK —
SKY $2.7B
GRBK
SKY
FY17
GRBK 13.1%
SKY 0.2%
FY18
GRBK 11.5%
SKY —
FY19
GRBK —
SKY −2.2%
FY20
GRBK —
SKY 6.3%
FY21
GRBK —
SKY 7.7%
FY22
GRBK —
SKY 15.1%
FY23
GRBK —
SKY 19.9%
FY24
GRBK —
SKY 8.7%
FY25
GRBK —
SKY 9.5%
FY26
GRBK —
SKY 9.5%
GRBK
SKY
FY17
GRBK −$18.2M
SKY $1.5M
FY18
GRBK −$42.7M
SKY —
FY19
GRBK −$24.6M
SKY $53.1M
FY20
GRBK $32.2M
SKY $61.4M
FY21
GRBK −$94.4M
SKY $146M
FY22
GRBK $88.7M
SKY $193M
FY23
GRBK $206M
SKY $364M
FY24
GRBK $21.6M
SKY $170M
FY25
GRBK $208M
SKY $190M
FY26
GRBK —
SKY $270M
GRBK
SKY
FY17
GRBK 6.2%
SKY —
FY18
GRBK —
SKY —
FY19
GRBK —
SKY —
FY20
GRBK 15.0%
SKY 17.3%
FY21
GRBK 20.7%
SKY 24.1%
FY22
GRBK 25.2%
SKY 66.9%
FY23
GRBK 21.7%
SKY 86.7%
FY24
GRBK 25.3%
SKY 18.5%
FY25
GRBK 17.9%
SKY 19.6%
FY26
GRBK —
SKY 20.8%
GRBK
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.