Champion Homes, Inc. key statistics and ratios

In fiscal 2026, Champion Homes, Inc. had return on equity of 13.3%, an operating margin of 9.5%, debt equal to 1.5% of equity and a current ratio of 2.48. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Champion Homes, Inc.: financial ratios, annual
Fiscal year	2017Apr 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Apr 2021	2022Apr 2022	2023Apr 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	16.7%	16.6%	18.0%	20.4%	20.2%	26.7%	31.4%	24.0%	26.7%	26.4%	26.0%
Operating margin	4.0%	5.1%	−2.2%	6.3%	7.7%	15.1%	19.9%	8.7%	9.5%	9.5%	8.7%
Net margin	6.0%	1.5%	−4.3%	4.2%	6.0%	11.2%	15.4%	7.2%	8.0%	7.8%	7.2%
Free-cash-flow margin	3.1%	2.1%	3.9%	4.5%	10.3%	8.7%	14.0%	8.4%	7.7%	10.1%	10.0%
Return on equity	37.9%	10.9%	−20.6%	13.1%	16.3%	35.6%	39.0%	11.0%	13.4%	13.3%	12.2%
Return on assets	—	4.0%	−10.6%	7.9%	10.0%	23.0%	28.7%	8.4%	9.8%	9.8%	8.9%
Asset turnover	—	2.69	2.48	1.85	1.67	2.05	1.86	1.16	1.23	1.26	1.25
Current ratio	—	1.57	1.54	2.14	1.90	2.23	4.19	2.36	2.41	2.48	2.74
Debt to equity	0.0%	39.0%	13.2%	16.3%	6.9%	1.5%	1.0%	1.7%	1.6%	1.5%	1.5%
Interest cover (operating income ÷ interest)	7.5x	10.6x	n/m	18.7x	28.5x	102.6x	158.2x	38.0x	28.0x	33.4x	—
Effective tax rate	—	63.4%	—	31.6%	23.8%	24.9%	24.7%	23.5%	20.9%	21.0%	22.0%
SG&A as % of revenue	12.2%	11.5%	20.2%	14.1%	12.6%	11.6%	11.5%	15.3%	17.2%	17.0%	17.2%
Capital spending as % of revenue	0.8%	0.9%	0.9%	1.1%	0.6%	1.4%	2.0%	2.6%	2.0%	1.3%	1.3%
Free cash flow ÷ net income	51.1%	140.4%	—	105.5%	171.8%	77.6%	90.6%	115.7%	95.9%	130.4%	139.0%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	—	0.0%	0.0%	42.0%	74.1%	75.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Champion Homes, Inc.: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	27.0%	28.1%	25.7%	27.1%	27.5%	26.2%	24.8%	25.2%
Operating margin	10.8%	11.3%	7.1%	11.2%	10.9%	9.5%	5.8%	8.5%
Net margin	8.9%	9.5%	6.1%	9.2%	8.5%	8.3%	4.8%	6.9%
Free-cash-flow margin	7.4%	5.8%	5.6%	9.5%	9.8%	14.1%	7.0%	8.8%
Current ratio	2.42	2.59	2.41	2.39	2.60	2.71	2.48	2.74
Debt to equity	1.7%	1.6%	1.6%	1.5%	1.5%	1.5%	1.5%	1.5%
SG&A as % of revenue	16.2%	16.8%	18.6%	15.9%	16.5%	16.7%	19.1%	16.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · June 27, 2026

What it owns · $2.1bn

Short-term assets $1.3bnLonger-term assets $858m

What it owes, and who funded it · $2.0bn

Short-term liabilities $471mShareholders' equity $1.6bn

Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $471m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $785m of cash against $24m of debt.
Debt below 40% of shareholders' equity Debt is 2% of equity.
Debt burden no higher than five years ago Debt to equity moved from 2% to 2% over five years.
A year's operating cash flow covers at least 20% of debt $301m of operating cash flow against $24m of debt.
Operating profit covers interest at least five times over No material interest expense reported.

From Champion Homes, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

51 /100

Moderate moat

How hard Champion Homes's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 12 / 20

Cash operating profit has been a median 9.5% of total assets over 8 years.
Pricing power 7 / 20

Gross margin has been a median 23.8%, moving by 4.5 percentage points (standard deviation) across 9 years.
Durability 2 / 20

Operating margin has been a median 8.7%; its worst year was -1.1%.
Cash conversion 14 / 20

Free cash flow was positive in 9 of 9 years, at a median 8.2% of revenue.
Discipline 17 / 20

The diluted share count fell 2.0% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Champion Homes, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Champion Homes, Inc.