Cavco Industries vs Champion Homes
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KIRA’s take AI analyst
I put Cavco Industries and Champion Homes side by side, using each one’s latest annual report. Here is what stands out:
- Champion Homes is the larger business, with $2.7B of revenue in fiscal 2026 against $2.2B for Cavco Industries.
- Cavco Industries grew revenue faster (11.4%, against 7.3%).
- Cavco Industries kept more of each dollar of sales as operating profit (10.2% operating margin, against 9.5%).
- Investors pay more for each dollar of Cavco Industries’s earnings: a P/E of 23.5x against 23.4x for Champion Homes.
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Cavco Industries
CVCO
7/8
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on equityShare count change
Champion Homes
SKY
1/8
Gross margin
Side by side
Best in the row
| Latest fiscal year | CVCO FY26 | SKY FY26 |
|---|---|---|
| Size | ||
| Market cap | $4.2B | $4.4B |
| Revenue | $2.2B | $2.7B |
| Free cash flow | $232M | $270M |
| Net income | $191M | $207M |
| Growth | ||
| Revenue growth | 11.4% | 7.3% |
| 5-year growth | 15.2% | 13.4% |
| Share count change | −3.8% | −2.7% |
| Profitability | ||
| Gross margin | 23.5% | 26.4% |
| Operating margin | 10.2% | 9.5% |
| Net margin | 8.5% | 7.8% |
| FCF margin | 10.3% | 10.1% |
| Return on capital | — | 20.8% |
| Return on equity | 17.6% | 13.3% |
| Balance sheet | ||
| Net debt | — | −$615M |
| Net debt / EBITDA | — | −2.1x |
| Dividends and buybacks | $160M | $200M |
| Valuation & quality | ||
| P/E | 23.5x | 23.4x |
| Piotroski F-score | — | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.