Champion Homes Inc (NYSE: SKY) is a factory-built housing company that designs, manufactures, and sells manufactured homes, modular homes, park model RVs, cabins, and accessory dwelling units (ADUs). Revenue comes primarily from home sales through a network of independent and company-owned retail sales centers, community operators, government agencies, and builder/developers, supplemented by construction installation services under the Champion Construction brand. The company reported net sales of $2.48 billion in FY2025 (year ended March 29, 2025), up from $2.02 billion in FY2024. It operates two reportable segments: U.S. Factory-built Housing, which drove a 26.2% gross margin in FY2025, and Canadian Factory-built Housing, which posted a 25.3% gross margin in FY2025. The company operates 72 active company-owned retail sales centers in the United States as of the end of FY2025 and approximately 9,000 employees as of March 29, 2025. Champion Homes also holds a $134.7 million equity investment in ECN Capital Corporation, through which it co-operates Champion Financing to provide floor plan and consumer loans to retailers and homebuyers.
- Revenue model
- Transactional home sales through independent dealers and 72 company-owned retail sales centers, with additional revenue from construction and installation services (Champion Construction) and a factory-direct retail business operating under the Regional Homes, Titan Factory Direct, and Champion Homes Center brands.
- Products and services
- Manufactured homes, modular homes, park model RVs, cabins, and ADUs sold under brands including Champion Homes, Genesis Homes, Skyline Homes, Regional Homes, Athens Park, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, J. Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, Titan Homes (U.S.), and Moduline and SRI Homes (Canada). Construction installation services marketed under Champion Construction. Consumer and floor plan financing facilitated through Champion Financing in partnership with Triad/ECN Capital.
- Customers and end markets
- Primary end markets are first-time homebuyers, households earning under $60,000, buyers aged 55 and over, builder/developers, community operators, and government agencies. Demand is driven by affordable single-family housing needs in the U.S. and Canadian markets.
- Value-chain role
- Vertically integrated manufacturer and retailer. Designs and builds homes in owned and leased manufacturing facilities, distributes through independent dealers and company-owned sales centers, provides installation services, and offers consumer financing through a captive finance partnership.
- Geographic exposure
- Primarily United States, with manufacturing facilities across Alabama, Arizona, California, Florida, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Minnesota, Nebraska, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, and Wisconsin. Canadian operations in Alberta and British Columbia under the Moduline and SRI Homes brands, employing approximately 750 workers as of March 29, 2025.
